What’s Driving Franco-Nevada’s Stock Price Up?
Written by Aditya Raghunath at The Motley Fool Canada
Valued at a market cap of almost $50 billion, Franco-Nevada (TSX:FNV) stock is up 58% in the last 12 months. Franco-Nevada operates as a royalty and streaming company, generating revenue through royalties and streams on gold, silver, and other commodities.
It does not operate any mines but invests in projects managed by other companies. In return for these investments, Franco-Nevada receives a portion of the production or revenue.
An asset-light model has allowed the TSX stock to crush broader market returns over the past decade. Since September 2015, FNV has returned more than 400% to shareholders.
Is this outperformance expected to…
