5 Best Gold Stocks to Buy for Portfolio Diversification

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In this article, we will be taking a look at the 5 best gold stocks to buy for portfolio diversification. To see more of these stocks, you can go directly to see the 10 Best Gold Stocks to Buy for Portfolio Diversification.

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

Number of Hedge Fund Holders: 28

Wheaton Precious Metals Corp. (NYSE:WPM) sells precious metals, primarily gold, silver, palladium, and cobalt. It is based in Vancouver, Canada.

Ingrid Rico, an analyst at Stifel, holds a Buy rating on Wheaton Precious Metals Corp. (NYSE:WPM) shares as of April 20.

In the fourth quarter, Wheaton Precious Metals Corp. (NYSE:WPM) generated revenues of $236.05 million, beating the previous quarter’s revenues of $218.84 million. With 10 Buy ratings and two Hold ratings placed on the stock, analysts on Wall Street consider it a Strong Buy.

Out of the 943 hedge funds tracked by Insider Monkey in the fourth quarter, 28 hedge funds were long Wheaton Precious Metals Corp. (NYSE:WPM). Their total stake value was $672 million.

Follow Wheaton Precious Metals Corp. (NYSE:WPM)

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