5 Most Undervalued Gold Stocks To Buy According To Hedge Funds

3. Franco-Nevada Corporation (NYSE:FNV)

Number of Hedge Fund Investors In Q3 2023: 27

Latest P/E Ratio: 32.97

Franco-Nevada Corporation (NYSE:FNV) is a gold royalty company headquartered in Toronto, Canada. The firm lowered its production guidance from a Panama mine in November 2023 as it faced off with strikes at the site.

Insider Monkey dug through 910 hedge fund holdings for this year’s third quarter and found that 27 had held a stake in Franco-Nevada Corporation (NYSE:FNV). Jim Simons’ Renaissance Technologies was the biggest shareholder out of these due to its $446 million stake.

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