5 Most Promising Gold Stocks According to Analysts

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

Number of Hedge Fund Holders: 28

Average Price Target by Analysts: $53.28

Another Canadian company in our list, Wheaton Precious Metals Corp. (NYSE:WPM) is one of the notable gold stocks in the market. In November, the company posted its third quarter results. Adjusted EPS in the quarter came in at $0.21. Revenue in the period fell about 19% on a YoY basis to total $218.83 million. Wheaton Precious Metals Corp. (NYSE:WPM) produced more than 73,500 oz of gold.

Wheaton Precious Metals Corp. (NYSE:WPM) is also a dividend payer. In November, Wheaton Precious Metals Corp. (NYSE:WPM) announced a $0.15 per share quarterly dividend, in-line with the previous dividend. Forward dividend yield at the time came in at 1.91%.

As of the end of the fourth quarter of 2022, 28 hedge funds reported owning stakes in Wheaton Precious Metals Corp. (NYSE:WPM), up from 25 hedge funds in the previous quarter, according to Insider Monkey’s proprietary database of elite hedge funds. The biggest stakeholder of Wheaton Precious Metals Corp. (NYSE:WPM) at the end of 2022 was Jean-Marie Eveillard’s First Eagle Investment Management which had a stake worth over $790 million in the company.