Top 10 Gold Stocks with Dividends

6. Franco-Nevada Corporation (NYSE:FNV)

Number of Hedge Funds Holders: 38

Franco-Nevada Corporation (NYSE:FNV), a dominant player in gold-focused royalty and streaming, operates globally, including in South and North America. The company has a broad portfolio of precious metal assets, including silver, platinum group metals, and gold, also yielding profits from gas and oil.

Compared to the $309.5 million revenue generated in the prior year, Franco-Nevada reported $275.7 million in Q3 ended September 30, 2024. However, revenue increased by $33.5 million or 14% year-over-year after eliminating the effect of Cobre Panama, which remains in preservation and safe management. Adjusted net income reached $153.9 million, or $0.80 per share, whereas adjusted EBITDA stood at $236.2 million. Furthermore, the company maintains strong margins as its cash costs per gold equivalent ounce (GEO) remained low at $290 per GEO. Franco-Nevada Corporation (NYSE:FNV) was able to mitigate delays at new mining operations and offset lower-than-expected gold deliveries from Candelaria by taking advantage of record-high gold prices.

Furthermore, the company locked in a major $500 million precious metals streaming deal with Sibanye-Stillwater on December 19, 2024, allowing it to seal long-term gold and platinum deliveries from its mining operations in South Africa, mainly Kroondal, Marikana, and Rustenburg. This deal will result in immediate cash flow and a stable GEO production profile for the next two decades, with a mine life extending beyond 45 years. The company was able to bolster its commitment to strengthening its gold portfolio as the stream was comprised of approximately 70% gold and 30% platinum deliveries.

Moreover, Franco-Nevada Corporation (NYSE:FNV) declared an upsurge in its quarterly dividend to $0.38 per share, payable on March 27, 2025. This signifies the company’s 18th consecutive annual dividend hike and a 5.56% rise from the previous $0.36 per share. Long-term shareholders are earning an effective 13.7% yield on their initial cost base, which also includes those who invested during the company’s 2007 IPO.

Additionally, the shares of the company have climbed by 26.6% on a year-to-date basis, backed by increasing gold prices and a robust streaming portfolio. Thus, it is one of the best gold stocks to buy.