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Franco-Nevada Corporation (FNV)
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Wheaton Precious Metals Corp. (WPM)
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Agnico Eagle Mines Limited (AEM)
Q: I want to get into gold stocks and have always preferred Franco Nevada in the past. Should I look at buying some of it now, and what other companies would you recommend to complement it if I do? (In the same sector) Thanks
5i Research Answer:
FNV is getting buyable and can see upside potential alongside any price increase in gold, however, it has been facing some challenges with its operations in Panama. We feel FNV will survive this event, it has other assets and is generally very well managed. We would consider it OK but might not expect much from it in the short term.
For exposure to the gold industry, we like AEM and WPM today.