- Franco-Nevada released its Q3 results earlier this month, reporting sales of ~146,500 gold-equivalent ounces, a 9% increase from the year-ago period.
- This helped the company to report a double-digit increase in revenue on a year-over-year basis despite lower gold prices, with the company's energy revenue picking up all of the slack.
- With Franco-Nevada's tentacles in most of the great projects globally, and the company having royalties on several major growth opportunities, the long-term outlook could not be better.
- Having said that, at nearly 40x FY2022 earnings estimates, I believe there are much better value propositions elsewhere in the sector.
For further details see:
Franco-Nevada: A Strong Q3 With Positive Developments Across The Portfolio