In this article, we discuss the 10 Best Junior Gold Mining Stocks to Buy According to Billionaires.
Amid ever-changing global market dynamics, along with a wave of trade deal optimism and resilient U.S. economic data, gold prices are under pressure.
Following the news of the U.S.-Japan trade agreement and growing optimism surrounding negotiations with the European Union, gold prices cooled after reaching a five-week high. As of July 24, 2025, the Dow and S&P indices improved amid this growing momentum. Meanwhile, U.S. Treasury yields also improved, while the dollar strengthened, weighing further on bullion.
The next day, gold futures continued their downward trend, falling 1.1% to $3,335.60 per ounce on the back of softening demand. On the other hand, strong jobless claims data signals that interest rates will be kept unchanged by the Federal Reserve in its next meeting, hampering gold’s appeal. While analysts believe gold could rally around the $3,300 mark, the chances of that seem dim until the Fed’s next move.
With this backdrop, it’s essential to shed light on the junior gold stocks that could offer high upside exposure to investors in the times to come. With this, let’s move on to our list of the 10 Best Junior Gold Mining Stocks to Buy According to Billionaires.
A closeup view of a large gold mine, illustrating the company’s gold properties.
Our Methodology
To curate our list of the 10 Best Junior Gold Mining Stocks to Buy According to Billionaires, we used ETFs focused on junior gold stocks to identify relevant stocks. Then we used Insider Monkey’s exclusive database of billionaire stock holdings to select the stocks with the highest number of billionaire investors. Our list of the 10 Best Junior Gold Mining Stocks to Buy According to Billionaires is ranked based on the number of billionaire investors of the respective stocks. Furthermore, we also noted down the hedge fund interest surrounding each stock from Insider Monkey’s hedge fund database.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10. Endeavour Silver Corp. (NYSE:EXK)
Number of Billionaire Investors: 6
Number of Hedge Fund Holders: 15
With strong billionaire interest, Endeavour Silver Corp. (NYSE:EXK) is included in our list of the 10 Best Junior Gold Mining Stocks to Buy According to Billionaires.
Thanks to strong Q2 production, strategic financing, and growing analyst optimism, Endeavour Silver Corp. (NYSE:EXK) is undergoing a transformative phase.
On July 8, 2025, Endeavour Silver Corp. (NYSE:EXK) reported production results for Q2 2025. The company reported silver equivalent production of 2.5 million ounces, which was attributed to the integration of Kolpa that exceeded early expectations. While throughput challenges were noticed at legacy mines like Guanacevi and Bolanitos, Kolpa’s strong performance and Terronera’s steady expansion set the company up for future growth.
Dan Dickson, the company’s CEO, also acknowledged Terronera’s growth potential as it is on track for commercial production, reporting a stable throughput at 1,400 tons per day in late June. Meanwhile, on July 10, 2025, Endeavour Silver Corp. (NYSE:EXK) announced a $60 million at-the-market equity offering to fund its key projects, such as Pitarrilla and Parral, and to support the Terronera ramp-up. The company also hinted at potential strategic acquisitions.
On the analyst front, on July 9, 2025, H.C. Wainwright increased its price target on Endeavour Silver Corp. (NYSE:EXK) from $7.25 to $8.75, maintaining a ‘Buy’ rating. Similarly, CIBC raised its price target to $7.30.
With mineral properties in Mexico, Chile, Peru, and the United States, Endeavour Silver Corp. (NYSE:EXK) primarily explores for silver and gold. It is included in our list of the best gold stocks.
9. SSR Mining Inc. (NASDAQ:SSRM)
Number of Billionaire Investors: 6
Number of Hedge Fund Holders: 24
SSR Mining Inc. (NASDAQ:SSRM) is included in our list of the 10 Best Junior Gold Mining Stocks to Buy According to Billionaires.
On June 24, 2025, UBS downgraded SSR Mining Inc. (NASDAQ:SSRM) from ‘Buy’ to ‘Neutral’. However, the analyst raised its price target from $12.35 to $13.85. The stock’s strong year-to-date performance was attributed to the analyst’s price target. SSRM’s share price has risen 55.61% and 81.92% on a one-month and YTD basis, respectively. However, the stock is now fairly valued with limited upside in the short run, according to the analyst.
Looking into the longer term, UBS believes the outlook for SSR Mining Inc. (NASDAQ:SSRM) remains stable. Following the Seabee mine’s successful return to operations after a wildfire incident, the analyst is positive on the company’s production guidance for 2025. Meanwhile, most of the expected production from Marigold and Puna is expected to come in the second half of the year, further bolstering the company’s future outlook.
Operating in the United States, Türkiye, Canada, and Argentina, SSR Mining Inc. (NASDAQ:SSRM) is focused on exploring for gold doré, copper, silver, lead, and zinc deposits. It is included in our list of the best gold stocks.
8. B2Gold Corp. (NYSE:BTG)
Number of Billionaire Investors: 7
Number of Hedge Fund Holders: 23
With strong billionaire interest, B2Gold Corp. (NYSE:BTG) is included in our list of the 10 Best Junior Gold Mining Stocks to Buy According to Billionaires.
On July 14, 2025, B2Gold Corp. (NYSE:BTG) released a highly favorable Feasibility Study for its 100%-owned Gramalote gold project in Colombia. The study highlights a medium-scale open-pit mine with an 11-year expected life, projected to deliver 2.3 million ounces of gold at an average recovery rate of 95.7%. The annual production is expected at 227,000 ounces in the first five years with all-in sustaining costs of $985/oz, resulting in attractive economics. The after-tax NPV is projected at $941 million at $2,500/oz gold and up to $1.7 billion with spot prices of $3,300/oz.
Thanks to strong government support, the completion of extensive drilling, and already-secured permits, the project’s development ramp-up is progressing. Meanwhile, permit modifications are expected to take 12-18 months.
Three days later, CIBC raised its price target on B2Gold Corp. (NYSE:BTG) from $3.60 to $4.00, maintaining a ‘Neutral’ rating. With strong fundamentals and cash flow potential, Gramalote is on its track to reshape BTG’s growth trajectory.
Operating mines in Mali, the Philippines, and Namibia, B2Gold Corp. (NYSE:BTG) is primarily focused on gold production. It is included in our list of the best gold stocks.
7. Harmony Gold Mining Company Limited (NYSE:HMY)
Number of Billionaire Investors: 7
Number of Hedge Fund Holders: 24
Harmony Gold Mining Company Limited (NYSE:HMY) is included in our list of the 10 Best Junior Gold Mining Stocks to Buy According to Billionaires.
On June 23, 2025, ahead of its financial year-end on June 30, 2025, Harmony Gold Mining Company Limited (NYSE:HMY) reported a pre-year-end update. The company reaffirmed its 1.4 to 1.5 million ounces of total production guidance, while expecting its all-in sustaining costs to remain in the $0.057-$0.062 per kg range. Meanwhile, underground recovered grades have surpassed expectations, and capital expenditure is expected to be below the guided $0.61 billion.
The company’s capital allocation strategy allowed it to meet or exceed guidance for a 10th consecutive year. Furthermore, Harmony Gold Mining Company Limited (NYSE:HMY) reported a record interim dividend payment of $0.08 billion. Its share price on the domestic exchange also hit a record high in April.
Looking ahead, the company’s potential acquisition of MAC Copper Australia is expected to increase annual copper output by 40,000 tons, boosting free cash flow. Harmony Gold Mining Company Limited (NYSE:HMY) aims to focus its investment strategy on high-grade, low-risk assets like Hidden Valley and Mponeng. Harmony Gold Mining Company Limited (NYSE:HMY) also aims to advance feasibility studies at Eva Copper and permitting for the Tier 1 Wafi-Golpu project, strengthening its copper-gold growth trajectory.
With mineral properties located in South Africa, Papua New Guinea, and Australasia, Harmony Gold Mining Company Limited (NYSE:HMY) is focused on the exploration, extraction, and processing of gold, uranium, silver, and copper deposits. It is included in our list of the best gold stocks.
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.
5. Eldorado Gold Corporation (NYSE:EGO)
Number of Billionaire Investors: 8
Number of Hedge Fund Holders: 16
Eldorado Gold Corporation (NYSE:EGO) is included in our list of the 10 Best Junior Gold Mining Stocks to Buy According to Billionaires.
While there’s a mixed overall analyst sentiment on Eldorado Gold Corporation (NYSE:EGO), optimistic earnings expectations are driving confidence.
On July 15, 2025, CIBC increased its price target on Eldorado Gold Corporation (NYSE:EGO) from $23 to $32, maintaining an ‘Outperform’ rating. The next day, National Bank also maintained its ‘Outperform’ rating; however, the analyst lowered their price target from $29.57 to $27.75. Previously, BofA also decreased its price target to $20.81 on July 7, maintaining an ‘Outperform’ rating, citing revised Q2 commodity pricing models.
On the positive side, Zacks expressed optimism regarding the company’s future, amid a consistent upward trend in earnings estimates. Analysts have projected an earnings per share (EPS) of $1.73 per share for FY25, matching last year’s EPS. Accordingly, it has given a ‘Buy’ rating on Eldorado Gold Corporation (NYSE:EGO).
Operating in Turkey, Canada, and Greece, Eldorado Gold Corporation (NYSE:EGO) produces gold, lead, and zinc. It is included in our list of the best gold stocks.
4. IAMGOLD Corporation (NYSE:IAG)
Number of Billionaire Investors: 9
Number of Hedge Fund Holders: 27
With strong billionaire interest, IAMGOLD Corporation (NYSE:IAG) is included in our list of the 10 Best Junior Gold Mining Stocks to Buy According to Billionaires.
On June 21, 2025, IAMGOLD Corporation (NYSE:IAG)’s Cote Gold Mine, just 15 months after its first gold pour, reached nameplate capacity of 36,000 tons per day for a full 30 consecutive days. This reinforces the company’s 2025 production guidance of 360,000 to 400,000 ounces, with further cost efficiencies expected ahead.
The completion of IAMGOLD Corporation (NYSE:IAG)’s 150,000-ounce gold prepay arrangement on June 25 further strengthens its position. With its completion, the company’s liquidity is bolstered as it ramps up its operations.
Amid these developments, CIBC raised its price target on IAMGOLD Corporation (NYSE:IAG) from $8.40 to $9.20, maintaining an ‘Outperform’ rating. The analyst revised their valuation model to take a forward-looking approach, focusing on projections for the Q2 2025 to Q1 2026 period. On July 15, 2025, the analyst increased the target again to $10.40.
IAMGOLD Corporation (NYSE:IAG) operates in Canada and Burkina Faso as a gold producer and developer. It is included in our list of the best gold stocks.
3. Pan American Silver Corp. (NYSE:PAAS)
Number of Billionaire Investors: 10
Number of Hedge Fund Holders: 32
Pan American Silver Corp. (NYSE:PAAS) is included in our list of the 10 Best Junior Gold Mining Stocks to Buy According to Billionaires.
On May 30, 2025, Pan American Silver Corp. (NYSE:PAAS) released its 2024 Sustainability Report, reporting a reduction of 220,000 cubic meters in its water use and a reduction in greenhouse gas emissions that exceeded targets. The company aims to reduce its Scope 1 and 2 emissions by 30% by 2030. The company also made progress in its social impact by investing $20.3 million in community initiatives, launching new economic programs, and increasing female hiring by 23%.
Looking ahead, the company’s future outlook remains strong, with CIBC raising its price target on July 15, 2025, from $39 to $46, maintaining an ‘Outperform’ rating.
Pan American Silver Corp. (NYSE:PAAS) operates in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil, exploring for silver, gold, zinc, lead, and copper deposits. It is included in our list of the best gold stocks.
2. Coeur Mining, Inc. (NYSE:CDE)
Number of Billionaire Investors: 10
Number of Hedge Fund Holders: 38
With strong billionaire interest, Coeur Mining, Inc. (NYSE:CDE) is included in our list of the 10 Best Junior Gold Mining Stocks to Buy According to Billionaires.
In June, Coeur Mining, Inc. (NYSE:CDE) attended the RBC Capital Markets Global Mining & Materials Conference, presenting a bullish case for the multi-asset producer, the Rochester mine, which is set to demonstrate a solid performance. The mine, which recently underwent an upgrade, is now in its first full year of operations at this new, larger scale. Rochester is expected to expand margins by significantly boosting silver output and cutting costs.
Furthermore, the addition of high-grade, low-cost production through Las Chispas has expanded the company’s portfolio. Coeur Mining, Inc. (NYSE:CDE)’s proven and probable reserves are up 66% over five years, thanks to its $77-$93 million budget for 2025. With a reduction in net debt/EBITDA to 0.9x and expectations of EBITDA doubling in the next year, the company is well placed for strong future growth. The company’s share price is up 62.24% on a YTD basis.
With Palmarejo, Rochester, Kensington, Wharf, Silvertip, and Las Chispas segments, Coeur Mining, Inc. (NYSE:CDE) operates as a gold and silver producer in the United States, Canada, and Mexico. It is included in our list of the best gold stocks.
1. Alamos Gold Inc. (NYSE:AGI)
Number of Billionaire Investors: 10
Number of Hedge Fund Holders: 50
Alamos Gold Inc. (NYSE:AGI) is included in our list of the 10 Best Junior Gold Mining Stocks to Buy According to Billionaires.
For Alamos Gold Inc. (NYSE:AGI), this year is marked by strong stock momentum, evolving analyst expectations, and rising cost pressures. While AGI’s shares are up 43.17% YTD, investor sentiment remains mixed after a challenging Q1. For the quarter, the company reported total cash costs of $1,193 per ounce, up from $910 a year earlier. At the same time, all-in sustaining costs increased to $1,805 from $1,265. Yet, the company’s stable revenue and profitability offered some reassurance to investors.
Following Q1 results, cautious optimism is noted among the analysts. On July 21, 2025, Stifel increased its price target from $33.61 to $35.08, maintaining a ‘Buy’ rating. Still, the analyst reduced its EPS estimates from $0.42 to $0.40. For FY2025 and FY2026, the analyst projected earnings at $1.63 and $2.07 per share, respectively. Meanwhile, on July 16, National Bank lowered its price target on Alamos Gold Inc. (NYSE:AGI) from $38.18 to $37.27, maintaining an ‘Outperform’ rating.
With a presence in Canada, Mexico, and the United States, Alamos Gold Inc. (NYSE:AGI) is focused on producing gold. It is included in our list of the best gold stocks.
While we acknowledge the potential of AGI to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AGI and that has 100x upside potential, check out our report about this cheapest AI stock.
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