5 Most Profitable Gold Stocks Now

In this piece, we will take a look at the 5 Most Profitable Gold Stocks Now. For more such companies, go to the 12 Most Profitable Gold Stocks Now.

5. Franco-Nevada Corporation (NYSE:FNV)

Net Profit (TTM): $756.50 million

Founded in 1983, Franco-Nevada Corporation (NYSE:FNV) is a gold-focused royalty and investment company. The company has a diverse portfolio of cash-flowing assets which includes gold, silver, and other platinum group metals (PGMs). These assets are based in the regions of South America, Central America, Mexico, the United States, Canada, and other countries across the globe. Franco-Nevada Corporation (NYSE:FNV) has also invested in the energy sector in the US and Canada, adding diversity to its project portfolio.

On February 07, 2023, Cosmos Chiu, an analyst at CIBC, increased his price target on Franco-Nevada Corporation (NYSE:FNV) to C$240 from C$230 while keeping an Outperform rating on the company’s stock.

According to Insider Monkey’s database, 27 hedge funds held stakes worth $841 million in Franco-Nevada Corporation (NYSE:FNV) in Q4 2022, compared to 28 funds in the prior quarter with stakes worth $857 million.

Here is what Horizon Kinetics has to say about Franco-Nevada Corporation (NYSE:FNV) in its Q3 2022 investor letter:

“Back to basic principles. We don’t hold gold in client portfolios, we hold gold royalty companies. The two have surprisingly little in common. The gold royalty company generates very impressive profits even if the gold price never rises, and it earns those profits year after year. Here is a long-term chart of Franco Nevada Corp., the premier gold royalty company vs. gold itself: a comparable gold price today than a decade ago, yet Franco Nevada returned 12.5% annually, matching the S&P 500 return, despite its nearsole source of revenues unchanged. What will Franco Nevada’s earnings and share price do if gold rises over the course of a decade?”