5 Best Canadian Gold Stocks To Buy Right Now

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

Number of Hedge Fund Holders: 26

Wheaton Precious Metals Corp. (NYSE:WPM) is a multinational precious metals streaming company based in Vancouver, Canada. The company set a record revenue of $923 million, earnings of $460 million, and operating cash flow of $650 million for the first nine months of 2021.

On September 24, KeyBanc analyst Adam Josephson initiated coverage of Wheaton Precious Metals Corp. (NYSE:WPM) with an Overweight rating and $47 price target on its shares.

As of the end of the second quarter, 26 hedge funds tracked by Insider Monkey reported owning stakes in Wheaton Precious Metals Corp. (NYSE:WPM). The total worth of these stakes is $471 million.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm First Eagle Investment Management is a leading shareholder in Wheaton Precious Metals Corp. (NYSE:WPM), with 16.5 million shares worth approximately $729.6 million.