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

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.

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