FNV: One of the Best Long-Term Gold Plays
Many investors would look at the ticker price of this stock and run away, however, this is one of the best performing "senior" stocks and has an incredible balance sheet, management and speculative future.
One of the biggest advantages is they are a royalty streaming company and not just in gold but also other platinum metals, gold, silver, oil, gas and other sectors (i.e. excellent diversification). They don't actually "mine" which reduces their overhead and long-term risk that mining brings.
This is an excellent bet to stock up pre-earnings as there is a 95% chance they blow past their expectations. Their dividend stock is also excellent (relative to the sector).
Once Gold starts to re-rally in the next few weeks to months this will be a highly prized stock and easily top its ATH of ~$134.00. Although a long way out (3 years), through deep charting and analysis this stock should top 300.00.
For those looking for a junior company, another excellent royalty streaming company is MTA (Metalla).
- zSplit
One of the biggest advantages is they are a royalty streaming company and not just in gold but also other platinum metals, gold, silver, oil, gas and other sectors (i.e. excellent diversification). They don't actually "mine" which reduces their overhead and long-term risk that mining brings.
This is an excellent bet to stock up pre-earnings as there is a 95% chance they blow past their expectations. Their dividend stock is also excellent (relative to the sector).
Once Gold starts to re-rally in the next few weeks to months this will be a highly prized stock and easily top its ATH of ~$134.00. Although a long way out (3 years), through deep charting and analysis this stock should top 300.00.
For those looking for a junior company, another excellent royalty streaming company is MTA (Metalla).
- zSplit
Comment:
With Goldspot weakness likely to continue for the near-term, it appears FNV will reach the S2 pivot in the $126 and change which is also a gap fill.
Wait for possibility and thus, re-entry/entry point.
Wait for possibility and thus, re-entry/entry point.
Trade active:
Stock has closed the $127 gap and will now be expected to rise as Gold moves.
This is my favourite stock as it as minimal volatility relative to miners and continues to boast incredible revenue numbers.
They also have royalties for not just Gold, but energy as well which is expected to rebound strong in 2020.
SL set below 126.50.
This is my favourite stock as it as minimal volatility relative to miners and continues to boast incredible revenue numbers.
They also have royalties for not just Gold, but energy as well which is expected to rebound strong in 2020.
SL set below 126.50.
Q3/2019 Financial Highlights
133,219 Gold Equivalent Ounces ("GEOs") sold, a new record
$235.7 million in revenue, a new record
$101.6 million of Net Income, or $0.54 per share, a new record
$36.8 million in Cash Costs, or $276 per GEO
$192.9 million of Adjusted EBITDA, or $1.03 per share, a new record