06:54:05 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Franco-Nevada Corp
Symbol FNV
Shares Issued 147,207,496
Close 2014-03-24 C$ 51.41
Market Cap C$ 7,567,937,369
Recent Sedar Documents

Post says Franco-Nevada, others seen having good year

2014-03-25 09:38 ET - In the News

Also In the News (C-RGL) Royal Gold Inc
Also In the News (C-SLW) Silver Wheaton Corp
Also In the News (C-SSL) Sandstorm Gold Ltd (2)

The Financial Post reports in its Tuesday edition gold stocks may still have more upside. The Post's John Shmuel, writing in Trading Desk, says analysts at RBC figure the recent cost cutting by miners bodes well for margin expansion, especially as they forecast gold prices will move higher. The gold segment of the S&P/TSX composite index is up 27 per cent this year, thanks to an 11-per-cent rise in gold to $1,336.80 an ounce. The average all-in cost for gold production is somewhere between $1,100 and $1,200, a level gold fell below last year. Analysts' average estimate for year-end gold prices is $1,412 an ounce. The analysts said a portfolio of quality names was the best way to invest in gold miners and take advantage of their rally forecast. "Our preferred names are those companies that offer a combination of lower cost operations, strong balance sheets, financial flexibility, improving free cash flow prospects, funded growth projects, track record of operational consistency, attractive valuations and consistent corporate strategies," the analysts said in a note. They also recommended exposure to royalty and streaming companies, including Franco-Nevada, Royal Gold, Sandstorm Gold and Silver Wheaton.

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