5 Best Mineral Stocks To Buy Now

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

Number of Hedge Fund Holders: 27

Wheaton Precious Metals Corp. (NYSE:WPM) is a Canadian streaming company with interests in precious metals such as gold, silver, palladium, and cobalt. The company’s business model, paired with a fortress balance sheet and a strong liquidity position, provides protection from heightening operating costs within the precious metals sector. It is one of the best mineral stocks to invest in. 

On October 19, investment advisory Stifel maintained a Buy rating on Wheaton Precious Metals Corp. (NYSE:WPM) but lowered the firm’s price target on the shares to C$64 from C$66.50. Analyst Ingrid Rico issued the ratings update. 

Among the hedge funds tracked by Insider Monkey, 27 hedge funds were bullish on Wheaton Precious Metals Corp. (NYSE:WPM) at the end of June 2022, compared to 28 funds in the earlier quarter. Murray Stahl’s Horizon Asset Management is a prominent stakeholder of the company, with 3.4 million shares worth $123 million. 

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