Hedge Fund Bullishness on Metal Stocks Hits 3-Year High

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5. Wheaton Precious Metals Corp (NYSE:WPM)

Last but not least, Wheaton Precious Metals Corp (NYSE:WPM) saw 21 funds holding $276.89 million worth of stock at the end of June. The stock is down by 12% over the last 12 months, as the company was facing pressure from weak gold and silver prices. Nevertheless, last year the company turned to a profit and posted EPS of $0.45 per share, compared to a loss of $0.41 reported for 2015 and its revenue went up to $892 million from $649 million. First Eagle Investment Management initiated a stake in Wheaton Precious Metals Corp (NYSE:WPM) during the second quarter, having amassed 2.55 million shares.

Pixabay/Public Domain

Pixabay/Public Domain

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