Franco-Nevada Corporation
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Basic MaterialsBuffett versus Dalio on Gold: Whose Advice Should You Take?
When it comes to investing in stocks, Berkshire Hathway’s (BRK.A) chair, Warren Buffett, and Bridgewater’s founder, Ray Dalio, have similar advice.
Basic MaterialsGauging Royalty and Streaming Companies’ Upside Potentials
Royalty and streaming mining companies’ valuation multiples (GOAU) (NUGT) are usually higher than those of their mining peers.
FinancialsWhy Are Analysts Raising Their Gold Price Estimates for 2019?
On January 21, CIBC raised its target price for gold from $1,300 per ounce to $1,350 per ounce for 2019.
Basic MaterialsWhy Ray Dalio Recommends Holding 5%–10% in Gold
Dalio’s Bridgewater Associates built its position in gold ETFs mainly after the second quarter of 2017.
Basic MaterialsAre Royalty and Streaming Stocks a Safe Bet in 2018 and Beyond?
Royalty and streaming mining companies’ (GOAU) (SIL) multiples are usually higher than those of their mining peers.
Basic MaterialsWhich Gold Miners Look Promising as Gold Rebounds?
While gold miners have been out of favor for a long time, that may be about to change. As uncertainty in the market is increasing, gold prices are poised to rise.
Basic MaterialsCould Unprecedented Short Interest in Gold Mean a Bullish Future?
According to the COT report for the week ended August 10, money managers were net short on gold for the eighth straight week.
Basic MaterialsWhy Speculative Money Positioning Hints at a Gold Rally
According to the COT report for the week ended August 3, money managers were net short on gold for the seventh straight week.
Basic MaterialsDoes Speculative Positioning Imply that Gold’s Bottom Is Near?
According to the COT report for the week ended June 26, 2018, money managers were barely net long on gold with just over 4,000 net speculative long contracts.
MiscellaneousWhy the US Dollar Is Gaining Strength and the Impact on Gold
The primary reason for the fall in precious metals on Monday was the US dollar, which strengthened against the basket of other world currencies.
Basic MaterialsHow Are Mining Stocks Reacting to the Slump in Gold?
The Global X Silver Miners ETF (SIL) and the VanEck Vectors Gold Miners ETF (GDX) have fallen about 7.6% and 1.8%, respectively, during the last month.
MiscellaneousHow Miners’ Correlations Are Moving in Accordance with Gold
In this article, we’ll focus on the correlations of selected miners with gold.
Basic MaterialsUS Dollar at a 5-Month High, Gold at 5-Month Low
Besides overall market volatility, the most important determinant of precious metal prices, especially gold’s (IAU) (SLV), is the US dollar.
Basic MaterialsThese Mining Stocks Are Following Gold Closely
Over the past three years, AEM, FNV, and ABX have seen a declining correlation to gold.
Basic MaterialsUS Yields Peak and Gold Slumps. Are the Dots Connecting?
US ten-year Treasury note yields (IEF) hit a high mark of approximately 3.1% today—a record since July 2011.
MiscellaneousHow the Correlation of Miners Moved amid Choppy Markets
Over the past three years, PAAS, AUY, and GOLD have seen declining correlations with gold, while FNV saw a mixed correlation to gold.
Basic MaterialsWhich Royalty and Streaming Companies Could Be Rerated in 2018?
Among the four major streaming companies we’ll discuss in this part of our series, Franco-Nevada (FNV) has the highest forward EV-to-EBITDA multiple of 22.8x.
MiscellaneousHow the Gold-Silver Ratio Is Moving
When analyzing precious metals and precious metal mining companies, it’s essential to analyze the relationship between precious metals.
Basic MaterialsHow Is Platinum Performing in 2018 So Far?
In this part of the series, we’ll focus on the gold-platinum spread, which compares the price performances of the two metals.
MiscellaneousTreasury Yields Hit 3% and Gold Fell: Coincidence?
In addition to the US dollar playing on precious metals, US interest rates and the decisions by the Federal Reserve have also historically had a substantial impact on these safe havens.
Basic MaterialsHow Have Miners’ Correlations with Gold Been Moving in 2018?
Among these four miners, Newmont has shown the highest correlation to gold, while Franco Nevada has seen the lowest correlation on a YTD (year-to-date) basis.
Basic MaterialsMiners’ Correlation with Gold in April
In this part of our series, we’ll look at the correlation between gold and four mining stocks: Franco-Nevada (FNV), Coeur Mining (CDE), Kinross Gold (KGC), and Eldorado Gold (EGO).
Basic MaterialsThe Correlations of Miners So Far in 2018
Mining stocks tend to move in accordance with gold prices.
Basic MaterialsFactors that Could Pressure the US Dollar and Benefit Gold
Goldcorp (GG), Randgold Resources (GOLD), Hecla Mining (HL), and Franco-Nevada (FNV) are trading at $13.30, $101.70, $3.55, and $68.16, respectively.
MiscellaneousHow Do Miners’ Technicals Look?
It was widely expected that precious metals and miners would react negatively after the FOMC (Federal Open Market Committee) meeting.
Basic MaterialsA Look at Miners’ Technical Details
On Wednesday, March 14, 2018, precious metals fell, but miners had a mix of ups and downs.
MiscellaneousMiners’ Volatility Indicators this Month
Precious metal miners had a reasonably good start to 2018. Overall, on a YTD (year-to-date) basis, precious metals’ reactions have been mixed.
Basic MaterialsEconomic Strength Isn’t Boosting the US Dollar Rise—How It Affects Gold
The US Dollar Index averaged 96.6 in 2017. A Reuters poll estimates that the US Dollar Index could end this year at ~88.7.
MiscellaneousHow Miners’ Correlation Is Moving in 2018 so Far
Precious metal mining stocks tend to take their cues from gold prices. Gold is the most crucial of the four precious metals, and its direction becomes the direction for the other three metals most of the time.
Real InsightsGold’s Role as a Strategic Asset
Despite the impressive rise of bitcoin in 2017, its increased price volatility and complex mining process have limited its demand.
Basic MaterialsHow Is the Volatility Index Impacting Gold?
Another critical factor that has been affecting the price movement of precious metals is overall market volatility.
Basic MaterialsThe Dollar Gains, Precious Metals Decline
Gold and silver spot prices fell 0.40% and 1.2%, respectively, on Friday, February 16.
Basic MaterialsCould Royalty and Streaming Companies Stay Strong in 2018?
Royalty and streaming companies Royalty and streaming companies’ business model differs greatly from that of other precious metal miners (RING), mainly because royalty and streaming companies do not own mines. These companies make upfront payments to gain a right to a fixed percentage of future silver or gold mine production. Additional payments are then made […]
Basic MaterialsWhy GLD and GDX Have Diverged This Year
GDX and GLD The VanEck Vectors Gold Miners ETF (GDX) tracks the performance of the NYSE (New York Stock Exchange) ARCA Gold Miners Index. Its major holdings are senior and intermediate precious metal miners listed in the United States and Canada. Currently, Newmont Mining (NEM), Barrick Gold (ABX), and Newcrest Mining are the fund’s top […]
Basic MaterialsWhat’s Keeping a Lid on Precious Metal Prices?
On Friday, February 9, gold prices saw some sign of revival as equities continued tumbling and haven bids pulled precious metals higher.
Basic MaterialsCan the US Dollar Rally Further to the Detriment of Gold Prices?
After disappointing the markets for a long time, the US dollar (UUP) has finally rallied. The US non-farm payrolls data released on February 2, 2018, were better than expected.
Earnings ReportCan the Divergence Between Gold Prices and Gold Miners Continue in 2018?
Gold prices (GLD) rose ~13% in 2017. On top of that, January 2018 saw a ~3% rise in prices.
MiscellaneousThe Positive and Negative Correlation to Gold
The iShares MSCI Global Gold Mining ETF (RING) and the VanEck Vectors Junior Gold Miners ETF (GDXJ) have risen 5.0% and 1.1%, respectively, during the last one-month period.
MiscellaneousGold’s Outlook for 2018
Looking ahead for 2018, industry analysts stated in a Bloomberg article that they expect gold to perform better early in the year led, by the “January effect.”
Basic MaterialsCould Traders’ Long Positions on Gold Suggest a Pullback?
Commitment of Traders report The CFTC (Commodity Futures Trading Commission) releases the Commitment of Traders (or COT) report every Friday. It presents a breakdown of the open interest positions of all major contracts in the futures market up until the Tuesday prior. It has four main categories of traders: producers swap dealers money managers other reportables […]
Basic MaterialsUs Dollar Feels Sustained Pressure: Good News for Gold
Starting 2018 on the wrong foot After declining by ~10% in 2017, the US dollar (UUP) has extended its fall in 2018. It has fallen by ~2% against a basket of currencies so far, trading close to three-year lows. There are many potential reasons for the slump in the dollar. Some of them are related to […]
Basic MaterialsCould Gold be Set for a Big Move in 2018?
Gold started 2018 on a strong note, in line with the new-year price rallies it has seen over the last few years.
Basic MaterialsIs Gold Keeping Tabs on the US Interest Rate?
As we know, precious metals are closely tied to movements in US interest rates. Bonds and equities are both yield-bearing assets, so a rise in yields often causes a slump in demand for assets such as gold and silver.
Basic MaterialsInterest Rate versus Gold: Interest Rate Wins Again
Gold is a non-yield bearing asset that reacts negatively to rises in the interest rate.
MiscellaneousAnalyzing the Correlation between Miners and Gold in January
Most mining stocks have risen over the past one month due to the revival in gold prices.
MiscellaneousMining Stocks Follow Precious Metals: Technical Insights
New Gold, Agnico-Eagle Mines, Franco-Nevada, and Cia de Minas Buenaventura have call-implied volatilities of 45.2%, 24.4%, 21.7%, and 31.2%, respectively.
Basic MaterialsWhat Mining Stock Technicals Tell Us about Recent Movements
Precious metal mining companies have witnessed a rebound in their prices alongside precious metals.
Basic MaterialsHere’s What’s Driving Analyst Estimates for Franco-Nevada
Analysts are calling for average revenues of $678.5 million for 2017 for Franco-Nevada (FNV).
Basic MaterialsWhy Analysts Are Positive about Royal Gold’s Future
Due to its solid performance YTD (year-to-date) and bright outlook, Royal Gold (RGLD) is attracting a lot of interest from the analyst community.
Basic MaterialsGold in 2017: Which 5 Miners Have Made Money?
The performance of gold and silver in 2017 is weaker than most other industrial metals. There are many factors that explain the weaker performance of precious metals.
Basic MaterialsMiners: Analyzing Core Indicators for Investors
A brief analysis of mining stocks is crucial when investors are parking their money in the precious metals market, specifically in mining companies.
Basic MaterialsA Correlational Analysis of Miners and Gold in December 2017
Miners’ correlation with gold Gold is regarded as the most important precious metal, and most miners are known to follow its price trends. In this part of the series, we’ll look at Wheaton Precious Metals (SLW), Franco-Nevada (FNV), Coeur Mining (CDE), and Barrick Gold (ABX). The prices of mining-based funds are also closely related to those of […]
Basic MaterialsFed Hikes Interest Rate, Precious Metals Rebound: What’s Ahead?
Precious metals rebounded after the Fed increased the interest rate on December 13.
Basic MaterialsWho’s Changing Minds on Royal Gold?
RGLD is being covered by 13 Wall Street analysts right now, of which 54% recommend a “buy” for the stock, while 46% recommend a “hold.”
MiscellaneousHow Eager Are Precious Metals to Hear the Fed’s Decision?
Gold, silver, and platinum all had a down day on Tuesday, December 13, mainly due to speculations over the Federal Reserve’s pending interest rate decision.
Basic MaterialsWaiting for the Fed’s Decision: The Reaction of Precious Metals
Although the US dollar has been the most important element contributing to changes in precious metals, the upcoming December meeting of the Federal Reserve has taken all of investors’ attention.
MiscellaneousWhy Analysts Are Turning Bearish on Gold in 2018
J.P. Morgan sees gold prices averaging $1,295 per ounce in 2018, with second-half prices averaging $1,340 per ounce.
MiscellaneousGold Prices at a 4-Month Low—Is More Downside Ahead?
Gold prices touched an almost four-month low in early December. After breaching $1,300 per ounce in September due to geopolitical tensions, gold prices have mostly been on a downtrend.
Basic MaterialsWhy Valuation Multiples for Royalty and Streaming Companies Have Risen in 2017
Royalty and streaming mining companies (RING) (SIL) have business models that are considered quite conservative because they don’t own mines.
Basic MaterialsInside the Relative Valuations of Key Gold Miners Today
While geopolitical tensions, low US inflation, and uncertain policy reforms have been supporting gold, the other key factors have been working against it.
MiscellaneousWhat Are Miners’ Correlation Trends?
Gold is the most dominant among the four precious metals. It’s important that investors analyze how miners are moving compared to precious metals.
MiscellaneousAnalyzing Trends in Mining Stocks’ Correlation
Gold remains the most dominant among the four precious metals. It’s crucial that investors analyze how the miners are moving versus precious metals.
Basic MaterialsComparing Miners’ Correlation with Gold
Correlation analysis Mining stocks’ performance usually depends on precious metal prices. Correlation analysis can give investors some perspective on how mining stocks relate to precious metals, especially gold. In this part of our series, we’ll look at four miners—Royal Gold (RGLD), Goldcorp (GG), Franco-Nevada (FNV), and Randgold Resources (GOLD)—and their correlation with gold. On Monday, the ETFS Physical […]
MiscellaneousGauging the Direction of Mining Stocks
As we analyze the performance of the precious metals market, it’s crucial to look at the core mining stocks and also their technical details.
Basic MaterialsAnalyzing Gold’s Market Performance
Besides the impact of interest rates, there are also other global indicators that could play on precious metals—the most important being the US dollar.
Basic MaterialsBehind the Technical Details of Key Mining Stocks Today
The Sprott Gold Miners (SGDM) and Global X Silver Miners (SIL) have fallen 0.21% and 1.9%, respectively, on a 30-day-trailing basis.
MiscellaneousThese Factors Are Playing on Gold and Precious Metals Today
Gold touched its three-week high level on Thursday, November 9, of $1,289.5 and closed at $1,287.5 per ounce.
Basic MaterialsPrecious Metal Markets: A Brief Look at the Gold–Silver Spread
The past week has been beneficial for precious metals—gold, silver, platinum, and palladium rose 0.42%, 1.5%, 0.63%, and 1.5%, respectively.
Basic MaterialsCan Asian Physical Demand Support Gold Prices in 2018?
China’s gold consumption in 2017 has picked up in 2017 after being lukewarm in 2016.
MiscellaneousWhat’s Affecting Gold Prices?
Gold prices (GLD) have risen ~10.5% as of November 7, 2017, YTD (year-to-date).
MiscellaneousAnalyzing Mining Shares’ Correlation Movement
When investors want to park their money in miners, it’s crucial that they analyze the correlations of mining stocks with gold.
Basic MaterialsWhat Mining Stock RSI Indicators Tell Us
On November 1, Alamos Gold, B2Gold, Newmont Mining, and Franco-Nevada had implied volatility readings of 46.9%, 54.8%, 25.9%, and 25.5%, respectively.
Basic MaterialsWhat Technical Indicators Are Saying about Miners
As of October 27, 2017, First Majestic (AG), Franco-Nevada (FNV), Coeur Mining (CDE), and Harmony Gold (HMY) had implied volatility readings of 54.6%, 25.5%, 46.7%, and 53.3%, respectively.
MiscellaneousA Look at the Correlation Trends for Miners
Franco-Nevada and Silver Wheaton have seen an upward trend in their correlations with gold.
MiscellaneousHow Are Mining Stocks Moving?
Due to the falling precious metal prices in the past week, mining stocks and their RSI levels have also fallen.
Basic MaterialsAre Gold and Silver Walking Hand-in-Hand?
Gold, silver, and platinum have fallen 1.7% apiece during the past five trading days, while palladium has fallen 2.7%.
MiscellaneousMining Shares: Analyzing a Few Key Technical Details
When investors consider parking money in the mining sector, there are a few crucial indicators that they should watch.
Basic MaterialsHow Mining Stocks Really Moved on October 17
On a YTD (year-to-date) basis, RGLD, AEM, and FNV have risen 38.3%, 7.3%, and 33.3%, respectively, while Goldcorp has seen a YTD loss of 3.4%.
MiscellaneousA Brief New Look at the Technical Indicators of Mining Stocks
The Physical Silver Shares (SIVR) and Physical Swiss Gold Shares (SGOL) witnessed rises on Friday, October 16, climbing 0.98% and 0.81%, respectively.
MiscellaneousHow Recent Mining Stock Performances Relate to Metals
Precious metal mining companies gave a mixed reaction on Thursday, October 12.
MiscellaneousHow Miners Correlate to Gold
Mining funds that have a strong relationship to precious metals are the Global X Silver Miners (SIL) and the VanEck Vectors Gold Miners (GDX).
Basic MaterialsAre North Korea Tensions Continuing to Affect Precious Metals?
All the four precious metals saw an up day on Monday, October 9, 2017.
Basic MaterialsMapping the Analyst Rating Changes for Royalty and Streaming Miners
Credit Suisse (CS) downgraded Franco-Nevada (FNV) from “outperform”’ to “neutral” on September 25, 2017.
Basic MaterialsAnalyzing Mining Stocks’ Moving Averages
Mining stocks showed a mixed performance on Thursday, October 5, despite the latest rebound in gold.
Basic MaterialsWheaton Precious Metals: Number 1 in the Top 10 Precious Metal Stocks
Wheaton Precious Metals trades at a forward EV-to-EBITDA multiple of 16.6x, which is a discount of 19% to the sector average multiple.
MiscellaneousWhat Are Mining Stock Technical Indicators Telling Us?
On September 29, Alamos, First Majestic Silver, Franco-Nevada, and Pan American had call implied volatilities of 46.9%, 54.6%, 25.5%, and 34%, respectively.
Basic MaterialsPrecious Metals in September: A Review
The negative sentiment toward gold prevailed on Friday, September 29, the last trading day of the month. Gold futures for November expiration fell 0.3%.
MiscellaneousCould North Korea Be Affecting Precious Metal Prices?
North Korean tensions Like the US dollar, global tensions can be responsible for precious metal price fluctuations. North Korea has interpreted US president Donald Trump’s comments as a declaration of war, stating that Pyongyang has the right to take countermeasures, including shooting down US bombers outside of its airspace. The ongoing unrest in the Korean peninsula has led to a global […]
Basic MaterialsInside the Latest Correlations of Major Miners
B2Gold and Royal Gold have seen downward-trending correlations with gold, while Franco-Nevada and Randgold have seen mixed correlation trends.
Basic MaterialsAnalyzing Relative Valuations for Royalty and Streaming Companies
Among the four major streaming companies we’re looking at in this part, Franco-Nevada (FNV) has the highest forward EV-to-EBITDA multiple of 28.8x, a 35.0% premium to its peers.
Company & Industry OverviewsPrecious Metal Miners Worth Considering Based on Valuations
Gold prices have been on a roller coaster ride, given the on and off situation with North Korea. A missile test and gold’s safe-haven appeal have propelled prices higher, and then they’ve fallen back again.
MiscellaneousHow Miners’ Correlation Is Moving in 2017
In this part of our series, we’ll look at the relationships that some miners have with the precious metals they mine.
MiscellaneousWhy Precious Metals Fell on Monday, September 18
Precious metals saw a down day on Monday, September 18. Gold, silver, and platinum fell 1.1%, 3.1%, and 1.1%, respectively, on the day.
Basic MaterialsWhat Smart Money Positioning Tells Us about Gold’s Future
According to the latest COT report, large precious metal speculators continued to increase their bullish bets on gold futures.
MiscellaneousAnalyzing Miners’ Core Technicals in September
As mining companies are known to closely track precious metals, in this article, we’ll look at how a few miners have moved over the past month as well as their technical indicators.
Basic MaterialsHow Are Precious Metal Miners Doing in September?
Most mining stocks have risen over the past month due to a substantial rebound in the prices of precious metals.
MiscellaneousA Correlation Study of Mining Stocks in September 2017
Among the four miners we’re looking at, Gold Fields has the highest correlation to gold on a YTD basis, while Sibanye Gold has the lowest correlation to gold.
Basic MaterialsWhy Royalty and Streaming Companies Outperformed Peers in 2017
Royalty and streaming companies are quite different than other precious metal miners in terms of business model.
MiscellaneousReading the Correlation Analysis of Mining Shares in August 2017
Yamana Gold has the highest correlation with gold, while Pan American Silver has the lowest correlation.
MiscellaneousChart in Focus: Miners’ Technical Indicators
On September 1, 2017, Franco-Nevada, Randgold Resources, Yamana, and AngloGold had volatilities of 34.0%, 37.9%, 58.2%, and 51.5%, respectively.