10 Best Performing Canadian Stocks in 2025

7. Franco-Nevada Corporation (NYSE:FNV)

1-Year Returns: 26.81%

Number of Hedge Fund Holders: 32

Franco-Nevada Corporation (NYSE:FNV) is a Canadian mining company that specializes in gold royalties and streaming. The company’s business model is built on obtaining royalties and streams from mining activities, which provide stable and predictable revenue.

On January 27, Raymond James boosted its price target for Franco-Nevada Corporation (NYSE:FNV) to $160 from $158, maintaining an Outperform rating on the company. The change comes after Franco-Nevada Corporation (NYSE:FNV) agreed to a $300 million royalty contract to support Discovery Silver’s proposed acquisition of the Porcupine Complex. Raymond James believes that this acquisition will generate immediate gold cash from the Porcupine Complex.

H.C. Wainwright, on the other hand, lowered its price target for FNV to $155 while maintaining a Buy rating on the company’s shares. The change follows Franco-Nevada’s recent announcement of a new precious metals stream deal with Sibanye-Stillwater Limited’s mining activities in South Africa.