Published on 30 May 2024 on Insider Monkey via Yahoo Finance
Is Franco-Nevada Corp (NYSE:FNV) the Top Gold Mining Stock to Buy Today?
We recently analyzed latest 13F filings for over 900 hedge funds and analyzed the the 10 Best Gold Mining Stocks to Buy According to Hedge Funds. Since Franco-Nevada is part of the list, the stock deserves a deeper look. But first, let's see what's happening in the gold industry.
Gold jumped earlier this week as investors brace for yet another inflation report. According to Reuters, Bart Melek, head of commodity strategies at TD Securities, said that while he’s “optimistic” on gold, uncertainties regarding the Fed’s moves could keep a lid on gold’s trajectory going forward.