Why Shares of Franco-Nevada Rose 10% in 2021

Looking at the performance of a gold-focused stock like Franco-Nevada (NYSE: FNV) in 2021, you'd expect to see that the stock had fallen. For one, Wall Street waxed bullish on the stock's prospects throughout the year, while the company's consistently strong earnings reports and dividend raises represented additional catalysts. While Franco-Nevada didn't sparkle in analysts' eyes in February -- Stifel and CIBC both reduced their price targets -- Wall Street turned bullish on the stock as the year progressed.