5 Biggest Gold Companies in Canada

In this piece, we will take a look at the five biggest gold companies in Canada. For background on the industry, and additional stocks, head on over to 10 Biggest Gold Companies in Canada.

5. Franco-Nevada Corporation (NYSE:FNV)

Number of Hedge Fund Holders: 25

Franco-Nevada Corporation (NYSE:FNV) is a precious metal and energy company. The firm mines gold, silver, platinum, oil, and gas. It is headquartered in Toronto, Canada.

Franco-Nevada Corporation (NYSE:FNV)’s business model lends it strength in the current environment, as while prices of gold have fallen and hurt gold companies, those for energy are piping upwards. Subsequently, the firm’s revenue grew by 1% in its second quarter. While this growth appears unimpressive on its own, the year-ago reading had seen revenue grow by 35% and left Franco-Nevada Corporation (NYSE:FNV) in a tough spot to further grow the net sales. More importantly, the company’s gold equivalent sales of 191,000 also declined by only 1% annually, even though it was smack in the middle of an industry downturn.

Insider Monkey’s Q2 2022 survey of 895 hedge funds outlined that 25 had bought a stake in Franco-Nevada Corporation (NYSE:FNV).

Franco-Nevada Corporation (NYSE:FNV)’s largest investor is Jim Simons’ Renaissance Technologies which owns 4.3 million shares that are worth $567 million.