Beginning the new year on an inauspicious note, shares of Franco-Nevada (NYSE: FNV) sank nearly 15% through the first two months of 2021. In March, however, investors no longer gave the stock the cold shoulder, and it bounded more than 17% higher.
With the stock receiving favorable coverage from Wall Street and the company reporting strong quarterly results, the gold-focused royalty and streaming business continued to shine brightly in investors' eyes. Shares climbed nearly 16% through the first half of 2021, according to data from S&P Global Market Intelligence .
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Why Shares of Franco-Nevada Jumped 16% in the First Half of 2021