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  5. FNV: FNV, my largest precious metals holding, has a growing number of 'Hold' ratings by analysts. [Franco-Nevada Corporation]
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Investment Q&A

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Q: FNV, my largest precious metals holding, has a growing number of 'Hold' ratings by analysts. I also hold smaller positions in Agnico and Alamos. Would trimming FNV and adding another quality gold stock with more total upside make sense? If so, what stocks might you recommend?
With appreciation,
Ed
Asked by Ed on July 30, 2025
5i Research Answer:

We remain comfortable with WPM, but if a large position then we would be OK with increasing diversity with a trim and adding some FNV.