10 Best Junior Gold Mining Stocks to Buy According to Billionaires

6. New Gold Inc. (NYSE:NGD)

Number of Billionaire Investors: 7

Number of Hedge Fund Holders: 28

With strong billionaire interest, New Gold Inc. (NYSE:NGD) is included in our list of the 10 Best Junior Gold Mining Stocks to Buy According to Billionaires.

On the back of strategic execution and with sustainability at the core of its FY2025 operations, New Gold Inc. (NYSE:NGD) is well placed for strong future growth. In Q1, the company recorded gold and copper production of 52,186 ounces and 13.6 million pounds, respectively. This production pace is slightly ahead of its annual gold production guidance. Meanwhile, the company recorded all-in sustaining costs of $1,727 per ounce, signaling a balanced start to 2025.

On the analyst front, RBC Capital maintains its ‘Buy’ rating with a $6 price target, expressing optimism in the company’s operational momentum. Meanwhile, in its 2024 sustainability report, the company reported a 7.8% reduction in Scope 1 and 2 emissions and the lowest injury rate in its history, which decreased by 42% since 2021. With a $400 million senior notes offering in March and redemption of the remaining $111 million on July 15, New Gold Inc. (NYSE:NGD)’s balance sheet is driving its future growth.

New Gold Inc. (NYSE:NGD) is focused on exploration for gold, silver, and copper deposits in Canada. It is included in our list of the best gold stocks.