5 Best Gold Mining Stocks to Buy Now

4. Franco-Nevada Corporation (NYSE:FNV)

Number of Hedge Fund Holders: 25

Franco-Nevada Corporation (NYSE:FNV) is a Toronto-based company that focuses on gold royalties and streaming in Latin America, the United States, Canada, and internationally. Franco-Nevada Corporation (NYSE:FNV) operates through two segments, Mining and Energy. On September 13, the company declared a $0.32 per share quarterly dividend, which was distributed to shareholders on September 29. Franco-Nevada Corporation (NYSE:FNV) is one of the best gold mining stocks to consider. 

Goldman Sachs analyst Emily Chieng on September 12 initiated coverage of Franco-Nevada Corporation (NYSE:FNV) with a Neutral rating and a C$177 price target. The company’s diverse asset portfolio “holds growth optionality” across gold, silver, oil and gas, and other commodities, the analyst told investors in a research note. However, its “modest” gold growth profile of 1% results in a moderating revenue outlook, added Chieng. 

According to Insider Monkey’s Q2 data, 25 hedge funds were bullish on Franco-Nevada Corporation (NYSE:FNV), compared to 29 funds in the last quarter. Jim Simons’ Renaissance Technologies is the leading stakeholder of the company, with 4.3 million shares worth $567 million.