Wheaton Precious Metals Corp (WPM) Copy link to section Wheaton Precious Metals is the best gold stock to buy because of its business model. This explains why the stock has jumped by 51% this year and 145% in the last five years, outperforming gold itself. WPM is a leading player in the gold industry, despite not engaging in mining itself. Instead, it owns rights to gold mines and earns revenue from the rights holders. This ensures that it is a high-margin company since it does not need many employees. For ...