Wholesale inflation affects investor sentiment but boosts gold's attractiveness. Franco-Nevada reported record revenue of $369.4 million, up 42% year-over-year. Royalty and streaming companies benefit from rising gold prices and lower costs. Market expects potential for stock buybacks and M&A in gold mining sector. Persistent inflation may reinforce demand for gold as a hedge against rates.
Rising interest in gold and precious metals stocks noted recently. Franco-Nevada is a gold-focused royalty and streaming company. UBS raised FNV's price target from $205 to $210. Franco-Nevada has a strong history of dividend increases. FNV seen as a safer sector bet compared to mining companies.