Thu Sep 26 13:33:11 UTC 2024: ## Franco-Nevada (FNV) Sees Increased Interest from Hedge Funds, Analysts Remain Positive

**New York, NY (Sept. 26, 2024)** – Franco-Nevada Corporation (NYSE:FNV), a gold-focused royalty and streaming company, has attracted increased interest from institutional investors in recent quarters, according to HoldingsChannel. Several hedge funds have boosted their positions, including XTX Topco Ltd, which increased its stake by 49.3%.

Analysts are also generally positive on the stock. While Jefferies Financial Group maintains a “Hold” rating, Bank of America, TD Securities, and TD Cowen have all upgraded Franco-Nevada to a “Buy” rating in recent months. The consensus rating from MarketBeat.com is “Moderate Buy” with an average price target of $152.75.

Despite missing analyst estimates for Q2 earnings, Franco-Nevada’s stock remains attractive due to its dividend payout, which currently yields 1.11%. The company also recently announced a quarterly dividend of $0.36 per share, payable on September 26th.

However, the stock has faced headwinds in recent months, with the 12-month low of $102.29 significantly lower than the 12-month high of $142.60. Currently, Franco-Nevada’s market capitalization is $25.01 billion.

Overall, the increased interest from hedge funds and positive analyst sentiment suggests that Franco-Nevada remains a company to watch in the basic materials sector, particularly for investors seeking a dividend-paying stock with potential for growth.

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