5 Best Gold Stocks to Buy in 2021

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

No. of Hedge Fund Holders: 34

This company purchases precious metals such as gold and silver from mining companies and distributes them to its customers worldwide. Beddow Capital Management managed by Ed Beddow And William Tichy owned 39,195 Wheaton shares, was among the company’s largest hedge fund shareholders.

• Wheaton recently announced the signing of its third deal within 6 months.
• The company will pay $290 million to secure gold from Capstone Mining. The gold will be sourced from the Santo Domingo mine.
• The NPV of the Capstone deal is $25 million or 5%, considering the prevailing gold prices at the time of the deal.
• The company made $286.21 million from its gold stream activities in Q4 2020, representing a 28.2% gain YoY.
• Wheaton announced a dividend of $0.13 per common share on March 11, representing a 30% increase from the previous dividend.
• Wheaton reported 672,600~ gold-equivalent ounces of annual attributable production in Q4 2020.
• The company finished the year on a strong note despite the challenging conditions that led to mining activities being disrupted.

You can also take a peek at 10 Best Silver Stocks To Buy and 10 Best 5G Stocks To Buy Now.

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