5 Best Precious Metal Stocks To Buy Now

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Today we are going to check out the best precious metals stocks to buy now, according to Insider Monkey. B2Gold Corp. ranks fifth on the list with 22 hedge fund holders. B2Gold has locations in Mali, Namibia and the Philippines, Mali and Namibia. As of 2020, the company reported an increase in output by 17%. At the end of December 2020, its adjusted EPS was around $0.14, while it was projected to be at $0.01. The fourth quarter revenue also rocketed by more than 50%. Insider Monkey could track 22 hedge funds at the end of the fourth quarter, while in the third one there were 17 funds. B2Gold Corp is followed by Wheaton Precious Metals Corp. on the fourth spot with having 34 hedge funds in the company. The company is headquartered in Canada and is engaged in gold, molybdenum, palladium and silver. Wheaton owns 19 mines and 9 development stage projects. As of 2021, the company has lately announced to expect around 20% raise in gold production, while a 1.5% boost in its silver production. The stock has seen a rise of around 40% since the beginning of the year. The largest stakeholder is First Eagle Investment Management with owning 16.2 million shares in Wheaton Precious Metals Corporation. Newmont Corporation stands on the second spot on the compilation with 50 hedge fund holders. Newmont is headquartered in Colorado, and is among the biggest players in the mining industry. The company possesses locations in Canada, Mexico, Australia, Peru, Argentina and Ghana. Alongside gold mining, the company is involved in several other essential and precious metals, such as zinc, lead, silver and copper. As of the fourth quarter 2020, the company reported its adjusted EPS doubled due to higher prices during this period. Its adjusted profits rocketed from $410 million to $856 million, and the stock has increased around 10% since the beginning of 2021. According to Insider Monkey’s database, there were 50 hedge funds at the end of December 2020. According to First Eagle Investment Management, Newmont was able to meet the challenges that 2020 brought to the world and the world economy due to the COVID-19 pandemic. Newmont, unlike other companies that cut or suspended dividend payments, Newmont boosted its quarterly dividend yield by 79%. For more interesting information, and the entire and original article, about the best precious metal stocks to buy now, please click and jump ahead.

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