Franco-Nevada: Range Break-Out; Capital Appreciation
Franco-Nevada continues to be one of my top stocks to be apart of for this impending precious metal run that I have forecasted for 2020. Whats interesting about FNV is it is fairly low in volatility and has none of the risk the mining sector can bring alongside, including that of high short interest.
With a portfolio also expanding into the energy sector, which is another one of my top performing sectors picks for 2020, I believe Franco will continue to post record numbers quarter to quarter and I am targeting at-least a $150 TP in the near-term.
This is one of the few stocks in the entire precious metals market where you can be comfortable investing tens of thousands of dollars in and not have to worry about losing 10% of your investment when God or Silver 'takes a break', unlike mining stocks.
We have recently broken out of quite a beefy-looking range and will race towards Franco's ATHs which will inevitably be broken.
If you have not already done so, I recommend investing in precious metals as soon as possible. Do not avoid Platinum, as it will be one of the forgotten assets that will soar in 2020 by at-least 25-30%.
- zSplit
With a portfolio also expanding into the energy sector, which is another one of my top performing sectors picks for 2020, I believe Franco will continue to post record numbers quarter to quarter and I am targeting at-least a $150 TP in the near-term.
This is one of the few stocks in the entire precious metals market where you can be comfortable investing tens of thousands of dollars in and not have to worry about losing 10% of your investment when God or Silver 'takes a break', unlike mining stocks.
We have recently broken out of quite a beefy-looking range and will race towards Franco's ATHs which will inevitably be broken.
If you have not already done so, I recommend investing in precious metals as soon as possible. Do not avoid Platinum, as it will be one of the forgotten assets that will soar in 2020 by at-least 25-30%.
- zSplit
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.