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

In this piece, we will take a look at the five best gold royalty and small-cap gold stocks to buy. If you want to take a deeper look at what makes the gold industry tick, then check out 10 Best Gold Royalty and Smatll-Cap Gold Stocks to Buy.

5. Coeur Mining, Inc. (NYSE:CDE)

Number of Hedge Fund Investors In Q3 2023: 15

Coeur Mining, Inc. (NYSE:CDE) is an American firm with operations in the U.S., Canada, and Mexico. The firm has been struggling quite a bit on the financial front lately as it has failed to beat analyst EPS estimates in any of its four latest quarters.

As of Q3 2023 end, 15 out of the 910 hedge funds surveyed by Insider Monkey had bought Coeur Mining, Inc. (NYSE:CDE)’s shares. Paul Marshall and Ian Wace’s Marshall Wace LLP was the largest shareholder due to its $21.9 million investment.

4. Osisko Gold Royalties Ltd (NYSE:OR)

Number of Hedge Fund Investors In Q3 2023: 18

Osisko Gold Royalties Ltd (NYSE:OR) marks the entry of big gold royalty and streaming companies on our list. It holds mining interests all over the world and announced 94,233 gold equivalent ounces of production for Q4 2023 that still did not enable Osisko Gold Royalties Ltd (NYSE:OR) to meet 2023 production guidance.

During the prior quarter, 18 out of the 910 hedge funds profiled by Insider Monkey had invested in the firm. Osisko Gold Royalties Ltd (NYSE:OR)’s biggest investor in our database is Israel Englander’s Millennium Management courtesy of its $104 million stake.

3. Royal Gold, Inc. (NASDAQ:RGLD)

Number of Hedge Fund Investors In Q3 2023: 23

Royal Gold, Inc. (NASDAQ:RGLD) is another pure play metal streaming company with a presence across several continents. The shares are rated Buy on average, and the average analyst share price target is $145.64.

As of September 2023 end, 23 hedge funds among the 910 part of Insider Monkey’s database are Royal Gold, Inc. (NASDAQ:RGLD)’s shareholders. Jean-Marie Eveillard’s First Eagle Investment Management is the largest stakeholder as it holds $385 million worth of shares.

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

Number of Hedge Fund Investors In Q3 2023: 24

Wheaton Precious Metals Corp. (NYSE:WPM) is a Canadian gold company headquartered in Vancouver, Canada. It’s the first stock on our list that has managed to secure an average rating of Strong Buy from analysts. Wheaton Precious Metals Corp. (NYSE:WPM)’s average share price target is $58.08.

Insider Monkey dug around 910 hedge fund portfolios for last year’s third quarter and found that 24 had bought the firm’s shares. Wheaton Precious Metals Corp. (NYSE:WPM)’s biggest hedge fund investor is Jean-Marie Eveillard’s First Eagle Investment Management due to its $851 million investment.

1. Franco-Nevada Corporation (NYSE:FNV)

Number of Hedge Fund Investors In Q3 2023: 27

Franco-Nevada Corporation (NYSE:FNV) is a global metal streaming and royalty company operating out of Toronto, Canada. The firm was out with some good news for investors in January 2024 as it increased its dividend to $0.36 to mark a 5.88% growth.

27 out of the 910 hedge funds part of Insider Monkey’s database had invested in Franco-Nevada Corporation (NYSE:FNV) as of Q3 2023 end. Jim Simons’ Renaissance Technologies was the largest stakeholder as it held a $446 million stake.

Disclosure: None. You can also take a look at 11 Cheap Hot Stocks To Buy Now and Top 20 Drug Companies in the US by Revenue.

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