Top 5 Stock Picks of Murray Stahl’s Horizon Asset Management

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

Horizon Asset Management’s Stake Value: $123.016 million

Number of Hedge Fund Holders as of Q1 2022:  28

Wheaton Precious Metals Corp. (NYSE:WPM) was founded in 2004 and is headquartered in Vancouver, Canada. It is a streaming company, that primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits.

As per the latest quarter’s earnings results announced on August 11, the company has achieved a revenue figure of $303 million versus the consensus estimate of $291.16 million. According to Randy Smallwood, president, and chief executive officer of Wheaton Precious Metals, “Throughout the first half of 2022, we have focused on optimising our portfolio and further increasing our financial flexibility to ensure that we are well positioned to respond to accretive growth opportunities and continue creating value for our shareholders.” The stock has a 1.78% forward dividend yield with a payout ratio of 23.49% and has lost 19.64% in the past six months and 18.50% year to date.

On August 12, Wheaton Precious Metals Corp. (NYSE:WPM) price target was decreased by Canaccord analyst Carey MacRury from C$70 to C$68 while maintaining a Buy recommendation for the stock.