Lake Shore Gold (LSG) Strikes Gold: Is It Time For Investors To Strike?

 Hedge Funds’ Activity Around Lake Shore Gold Corp

The total value of hedge funds’ investment in Lake Shore Gold Corp Ordinary Shares (Canada) (NYSEMKT:LSG) as of March 31 was around $12 million. As of the end of 2014, the total value of funds’ investment in the Canadian company was around $7 million. This shows along with an increase in overall ownership, share ownership increased by a wide margin also.

According to the experts at Insider Monkey, Eric Sprott‘s Sprott Asset Management has the largest stake in Lake Shore Gold Corp Ordinary Shares (Canada) (NYSEMKT:LSG),  worth close to $6.4 million, comprising 0.5% of its total 13F portfolio. Andrew Weiss of Weiss Asset Management has the second-largest stake in the Canadian mining company, with a $1.8 million position, with 1.5% of his 13F portfolio being allocated to the stock. David E. Shaw‘s D E Shaw, Jim Simons‘ Renaissance Technologies, and John Thiessen’s Vertex One Asset Management are some of the other notable hedge funds having stakes in Lake Shore Gold.

With positive hedge fund sentiment and strong prospects for growth, we recommend a ‘Buy’ rating for Lake Shore Gold Corp Ordinary Shares (Canada) (NYSEMKT:LSG).

Disclosure: None