Franco-Nevada Corp. (NYSE: FNV) may not be the first name that comes to mind when you think about precious metal stocks, but you’d be stunned at how the stock has outperformed more popular names in the space like Barrick Gold (NYSE: ABX). Barrick, for example, has unfortunately lost investors money over the past decade. Franco-Nevada stock, by contrast, was a five-bagger during the period!
That incredible rally isn’t a fluke, and these five key points go a long way toward explaining what sent the stock soaring.