11 Best Gold Stocks for Inflation

6. Franco-Nevada Corporation (NYSE:FNV)

Number of Hedge Fund Holders: 29

Dividend Yield: 1.09%

Franco-Nevada Corporation (NYSE:FNV) is a royalty and streaming company focused mainly on gold. However, the company also deals in silver, platinum group metals, and energy resources like oil and natural gas. Franco-Nevada has strategically positioned itself to avoid operational risks while maintaining strong margins. This is achieved by providing capital to mining operators in exchange for a share of their future production.

For Q3 ended September 30, 2024, Franco-Nevada Corporation (NYSE:FNV) reported revenue of $275.7 million, an increase of 14% from $242.2 million in Q3 2023. The company was also able to achieve a strong margin of $2,200 per ounce with $2.3 billion in available capital and no debt, solidifying its financial standing. As a result, $61.1 million in dividends was paid during the quarter, while a quarterly dividend of $0.36 per share was declared, representing an annual increase of 5.88%. This dividend was paid to shareholders on December 19, 2024.

To capitalize on the favorable gold market, Franco-Nevada Corporation (NYSE:FNV) reported that it had entered into a $300 million royalty deal with Discovery Silver Corporation on 27 January, 2025. The deal consisted of a $100 million senior secured loan and $49 million in equity participation. This has enabled the company to secure a 4.25% net smelter return royalty on the Porcupine Complex in Ontario, which is one of the biggest mining regions in Canada. The complex holds almost 3.9 million ounces of gold and has strong long-term potential.

Amidst this development and the predicted upside of gold, the company’s stock has jumped 20.80% on a YTD basis. Thus, with this deal, Franco-Nevada Corporation (NYSE:FNV) has earned itself a promising revenue stream for the future and also earned itself a spot on our list of the 11 best gold stocks for inflation.