Franco-Nevada Secures Precious Metals Stream With Sibanye-Stillwater

Group 1: Company Performance - CF Industries has an average trailing four-quarter earnings surprise of 10.3% and a Zacks Consensus Estimate for 2024 earnings at $6.32 per share, with shares gaining 20.6$6.61 per share, with shares skyrocketing by 162.7% in the last year [9] Group 2: Franco-Nevada's Growth Strategy - Franco-Nevada continues to diversify its portfolio through acquisitions, including a 1.8% net smelter return royalty on Yanacocha operations in Peru, enhancing its portfolio with immediate gold equivalent ounces and long-term growth prospects [4][5] - The company acquired a gold stream from SolGold related to production at the Cascabel project in Ecuador, demonstrating its commitment to growth and ability to identify high-quality assets [5] - Franco-Nevada signed a $500-million precious metals stream agreement with Sibanye-Stillwater, expected to provide stable cash flow and exposure to the growing demand for platinum group metals over the next 20 years [12][13] Group 3: Financial Position - As of September 30, 2024, Franco-Nevada had$1.3 billion in cash and cash equivalents, along with $2.3 billion in available capital [3] - The company's shares have gained 6.1% in the past year, compared to the industry's growth of 13.1% [6] Group 4: Market Position - Franco-Nevada currently holds a Zacks Rank 3 (Hold), while CF Industries has a Zacks Rank 1 (Strong Buy), and Carpenter Technology and New Gold carry a Zacks Rank 2 (Buy) [8]