8 Best Debt Free Gold Stocks to Buy

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6. Franco-Nevada Corporation (NYSE:FNV)

On May 13, 2026, Franco-Nevada Corporation (NYSE:FNV) announced that the nominees listed in the management proxy circular for the company’s 2026 Annual and Special Meeting of Shareholders were elected to the Board of Directors. The elected directors were Tom Albanese, Paul Brink, Hugo Dryland, Derek Evans, Catharine Farrow, Maureen Jensen, Jennifer Maki, Daniel Malchuk, and Jacques Perron.

On May 12, 2026, Franco-Nevada Corporation (NYSE:FNV) reported Q1 EPS of $2.38, versus the consensus estimate of $2.08. Revenue totaled $650.7M, compared to the consensus estimate of $635.3M. David Harquail reflected on nearly four decades in the gold royalty business, describing Franco-Nevada’s model as a lower-risk approach to gold investing supported by a strong balance sheet and relative insulation from inflationary pressures. Harquail also highlighted the company’s long-term shareholder returns and confidence in the management team and board to continue supporting dividend growth over time.

Last month, Canaccord analyst Carey MacRury upgraded Franco-Nevada Corporation (NYSE:FNV) to Buy from Hold with a price target of C$415 on the shares, up from C$380 previously.

Franco-Nevada Corporation (NYSE:FNV) operates as a royalty and streaming company focused primarily on precious metals assets across global mining jurisdictions, while also maintaining exposure to energy-related assets through its Energy segment.

While we acknowledge the potential of FNV to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FNV and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Debt Free Gold Stocks to Buy.

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