Victory Capital Management Inc. increased its stake in Franco-Nevada by 13.9%, owning 3,489,240 shares valued at $433.5 million, while Two Sigma Advisers LP raised its stake by 60.1% to 958,300 shares worth $119.1 million. Institutional investors hold 77.06% of the company's stock. Franco-Nevada operates as a gold-focused royalty and streaming company, managing a portfolio that includes precious metals and energy resources. Analysts have given the stock a "Moderate Buy" rating, with a consensus price target of $157.00.
