Franco Nevada - Bullish Breakout Trade
Strong Financial Position
No debt and $1.6 billion in available capital as at September 30, 2021
Generated $206.9 million in operating cash flow for the quarter
Quarterly dividend of 0.30/share
Sector-Leading ESG
Ranked #1 gold company by Sustainalytics, AA by MSCI and Prime by ISS ESG
Committed to the World Gold Council's "Responsible Gold Mining Principles"
Partnering with our operators on community and ESG initiatives
Goal of 40% diverse representation at the Board and top leadership levels
Diverse, Long-Life Portfolio
Most diverse royalty and streaming portfolio by asset, operator and country
Core assets outperforming since time of acquisition
Growth in long-life reserves
Growth and Optionality
Acquisitions, mine expansions and new mines driving growth
10.1 million ounce increase in Measured and Indicated Mineral Resources at Detour Lake
Long-term options in gold, copper and nickel
Noront consolidation likely to accelerate development of Ring of Fire properties
39.78x Price to Earnings (PE) ratio = too much
FNV (CA$178.55) is trading above estimated fair value (CA$144.54)
Technicals
Found decent support and has carved out a bull flag. If we get decent volume on a breakout to the upside , the fib extension targets are the most logical levels to look for.
No debt and $1.6 billion in available capital as at September 30, 2021
Generated $206.9 million in operating cash flow for the quarter
Quarterly dividend of 0.30/share
Sector-Leading ESG
Ranked #1 gold company by Sustainalytics, AA by MSCI and Prime by ISS ESG
Committed to the World Gold Council's "Responsible Gold Mining Principles"
Partnering with our operators on community and ESG initiatives
Goal of 40% diverse representation at the Board and top leadership levels
Diverse, Long-Life Portfolio
Most diverse royalty and streaming portfolio by asset, operator and country
Core assets outperforming since time of acquisition
Growth in long-life reserves
Growth and Optionality
Acquisitions, mine expansions and new mines driving growth
10.1 million ounce increase in Measured and Indicated Mineral Resources at Detour Lake
Long-term options in gold, copper and nickel
Noront consolidation likely to accelerate development of Ring of Fire properties
39.78x Price to Earnings (PE) ratio = too much
FNV (CA$178.55) is trading above estimated fair value (CA$144.54)
Technicals
Found decent support and has carved out a bull flag. If we get decent volume on a breakout to the upside , the fib extension targets are the most logical levels to look for.
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