5 Most Undervalued Gold Stocks To Buy According To Hedge Funds

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

Number of Hedge Fund Investors In Q3 2023: 24

Latest P/E Ratio: 40.32

Wheaton Precious Metals Corp. (NYSE:WPM) is a Canadian company headquartered in Vancouver, Canada. Even though the firm has beaten analyst EPS estimates in only two out of its four latest quarters, the stock is rated Strong Buy on average with an average share price target of $56.51.

By the end of Q3 2023, 24 out of the 910 hedge funds profiled by Insider Monkey had bought and owned the firm’s shares. Wheaton Precious Metals Corp. (NYSE:WPM)’s largest stakeholder out of these is Jean-Marie Eveillard’s First Eagle Investment Management since it owns $851 million worth of shares.

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