Core Insights - Franco-Nevada Corporation (NYSE:FNV) has garnered significant hedge fund interest, positioning it among the top 11 gold royalty and small-cap gold stocks to invest in currently [1] Financial Performance - On September 8, 2025, Franco-Nevada's shares reached a record high of $196.20, leading to a market capitalization of $37.43 billion, reflecting a 66.18% gain over the past year and a 65.61% year-to-date return [2] - The company maintains strong financial health with gross profit margins of 89.73%, a current ratio of 4.25, and a 17-year streak of dividend increases [3] Business Model and Portfolio - Franco-Nevada operates as a royalty and streaming company specializing in precious metals, with a diverse global portfolio that includes gold, silver, platinum, and energy assets [4]