5 Best Gold Royalty and Small-Cap Gold Stocks To Buy

1. Wheaton Precious Metals Corp. (NYSE:WPM)

Number of Hedge Fund Holders: 28

Wheaton Precious Metals Corp. (NYSE:WPM)’s main markets are North America, Europe, and South America, where it primarily sells precious metals such as gold, silver, palladium, and cobalt. Wheaton Precious Metals Corp. (NYSE:WPM) is one of the top streaming and royalty companies in the world. On May 4, the company declared a quarterly dividend of $0.15 per share, in line with previous. The dividend is payable on June 2, to shareholders of record on May 19. 

On April 20, Stifel analyst Ingrid Rico raised the firm’s price target on Wheaton Precious Metals Corp. (NYSE:WPM) to C$75 from C$66 and maintained a Buy rating on the shares.

According to Insider Monkey’s fourth quarter database, 28 hedge funds were bullish on Wheaton Precious Metals Corp. (NYSE:WPM), compared to 25 funds in the earlier quarter. Murray Stahl’s Horizon Asset Management is a prominent stakeholder of the company, with 3.4 million shares worth $134.8 million.

First Eagle Investment Management released its Q2 2020 investor letter and mentioned Wheaton Precious Metals Corp. (NYSE:WPM). Here is what the firm said:

“The strength in the price of gold was generally supportive of gold-related equities whose performance historically has been leveraged to the gold price. One such example is Wheaton Precious Metals, a Canadian streaming company that maintains, in our view, a high-quality, low-cost portfolio of precious metal purchase agreements that is well diversified across mining partners, geographies and metal types. Despite pandemic-related suspensions of six of its mining assets, Wheaton posted a 50% year-over-year increase in operating cash flow for the first quarter, which allowed the company to reduce its net debt while raising its quarterly dividend payment.”

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