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Franco-Nevada Corporation (FNV $367.33)
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Wheaton Precious Metals Corp. (WPM $194.14)
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Royal Gold Inc. (RGLD $268.17)
Q: Hi, I originally held sandstorm gold SSL which got taken over by Royal gold. I was thinking of selling the royal gold shares and buying Franco Nevada or Wheaton precious metals to avoid currency risk. I just wanted your thoughts on this and if you were to buy one of them, which one would you suggest? Thank you.
5i Research Answer:
Currency risk exists in gold stocks almost always (as gold is priced in US dollars). We like both WPM and FNV but would side with FNV today.