In this article, we discuss the 5 best Canadian gold stocks to buy right now. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Canadian Gold Stocks To Buy Right Now.
5. Franco-Nevada Corporation (NYSE:FNV)
Number of Hedge Fund Holders: 23
Franco-Nevada Corporation (NYSE:FNV) is a Canadian gold-focused royalty and streaming company with a branched out portfolio of cash-flow producing assets.
Earlier on October 21, Canaccord analyst Carey MacRury upgraded Franco-Nevada Corporation (NYSE:FNV) to Buy from Hold ahead of the start of earnings season for precious metal producers, citing the implied return to his unchanged $158.61 price target.
At the end of the second quarter of 2021, 23 hedge funds in the database of Insider Monkey held stakes worth $959 million in Franco-Nevada Corporation (NYSE:FNV), up from 20 in the preceding quarter worth $933 million.
Of the 873 elite funds tracked by Insider Monkey, Murray Stahl’s Horizon Asset Management is among the leading shareholders of Franco-Nevada Corporation (NYSE:FNV), with 923,734 shares worth more than $134 million.