5 Biggest Gold Companies in Canada

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

Number of Hedge Fund Holders: 27

Wheaton Precious Metals Corp. (NYSE:WPM) sells gold and precious metals in Canada and globally. The company has one of the more diverse asset bases in the industry, as it owns more than 30 mines and development projects.

Wheaton Precious Metals Corp. (NYSE:WPM) also has some of the strongest assets among its peers when it comes to lifetime and cost base. More than 80% of its assets are in the second cost quartile, and its proven reserves have an estimated life of 29 years, providing Wheaton Precious Metals Corp. (NYSE:WPM) with a stable source of revenue for decades. Additionally, Wheaton Precious Metals Corp. (NYSE:WPM) has a fortress of a balance sheet, with $449 million of cash and equivalents and no debt to burden its operating income.

As this year’s second quarter ended, 27 out of the 895 hedge funds polled by Insider Monkey had invested in Wheaton Precious Metals Corp. (NYSE:WPM).

Out of these, Wheaton Precious Metals Corp. (NYSE:WPM)’s largest investor is Jean-Marie Eveillard’s First Eagle Investment Management which owns 17 million shares that are worth $613 million.