11 Best Canadian Stocks to Buy Now

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9. IAMGOLD Corporation (NYSE:IAG)

Number of Hedge Fund Holders: 39

IAMGOLD Corporation (NYSE:IAG) is one of the best Canadian stocks to buy now. On September 15, IAMGOLD Corporation announced assay results, confirming the extension of mineralized zones at its wholly-owned Nelligan Project and Monster Lake Project in central Quebec, Canada. The two gold exploration projects are only 15 kilometers apart, located ~60 kilometers southwest of Chibougamau.

President and CEO Renaud Adams noted that the combined exploration camp now holds ~9 million ounces of resources, positioning the Nelligan project among the largest gold projects in Canada. The 2025 Nelligan drilling program involved 27 diamond drill holes totaling 11,583 metres, executed between January and April 2025.

For the Monster Lake Project, results from 16 diamond drill holes totaling 10,137.5 metres, drilled between December 2024 and early June 2025, were reported. The drilling confirmed high-grade veins in the Megane Zone (Main Shear Zone), with a top intercept of 9.0 m at 23.37 g/t Au, which included 0.7 m at 191.5 g/t Au, in hole ML-25-292.

IAMGOLD Corporation (NYSE:IAG) operates as a gold producer and developer in Canada and Burkina Faso. The company owns 100% interest in the Westwood project, 60% interest in the Côté gold project, and 90% interest in the Essakane project.

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