5 Most Profitable Gold Stocks To Invest In

In this article, we discuss the 5 most profitable gold stocks to invest in. To review our detailed industry analysis, go directly to the 13 Most Profitable Gold Stocks To Invest In.

5. Wheaton Precious Metals Corp (NYSE:WPM)

Number of Hedge Fund Holders: 28

Latest TTM Net Income: 537.64 million

Wheaton Precious Metals Corp. (NYSE:WPM) is a Canadian multinational company primarily focused on precious metals streaming. The company holds a significant position in the production and sale of precious metals, particularly silver, with over 26 million ounces produced and more than 29 million ounces sold. These metals are typically acquired as by-products from the primary operations of other mining companies. In February 2024, the firm’s shares faced downward pressure as TD Securities downgraded them to Hold from Buy and reduced the share price target to $51 from $58, despite an optimistic sales growth forecast.

As of the latest data, 28 hedge funds tracked by Insider Monkey held stakes in Wheaton Precious Metals Corp. (NYSE:WPM).