In this article, we discuss the 11 Best Gold Penny Stocks to Buy According to Hedge Funds (and Precious Metals Stocks).
On August 13, 2025, the gold price rose amid a weaker U.S. dollar and falling Treasury yields. Softer inflation data boosted expectations of a Federal Reserve rate cut in September, along with an additional easing later in the year. As a result, spot gold climbed 0.4% to $3,357.59 per ounce and U.S. gold futures for December delivery rose 0.3% to $3,408.50.
Gold turned more attractive for overseas buyers, thanks to the dollar index slipping to its two-week low, alongside a decline in benchmark 10-year yields. With these developments taking place, markets are now seeing a 97% chance of a September rate cut following July’s mild CPI figures and weak job data, which reinforced the Fed’s dovish outlook.
At the same time, geopolitical factors remain a concern amid the upcoming high-level talks between U.S., European, and Ukrainian leaders ahead of a meeting with Russia’s president. At the same time, the U.S. and China have extended their tariff deadline by another 90 days. Markets rallied following President Donald Trump’s announcement. Analysts believe that gold prices surging beyond $3,400 would be driven by geopolitical developments more than economic data. Meanwhile, silver climbed 1.6% to $38.48, platinum eased 0.1% to $1,335.19, and palladium rose 0.1% to $1,129.89.
With this backdrop, let’s shed light on our list of the 11 Best Gold Penny Stocks to Buy According to Hedge Funds (and Precious Metals Stocks).
A golden nugget illuminated under direct lighting, hinting at the value of precious metals.
Our Methodology
To curate our list of the 11 Best Gold Penny Stocks to Buy According to Hedge Funds (and Precious Metals Stocks), we used the Finviz screener to extract a list of gold companies trading with a share price under $5. Next, we ranked these stocks in ascending order based on the number of hedge funds holding stakes in each stock as of Q1 2025. We assessed the hedge fund sentiment using Insider Monkey’s hedge fund database, which tracks over 1,000 hedge funds.
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11. Galiano Gold Inc. (NYSE:GAU)
Share Price: $1.56
Number of Hedge Fund Holders: 7
With significant hedge fund interest and a share price under $5, Galiano Gold Inc. (NYSE:GAU) secures a place on our list of the 11 Best Gold Penny Stocks to Buy According to Hedge Funds (and Precious Metals Stocks).
On July 14, 2025, Galiano Gold Inc. (NYSE:GAU) reported results from a deep step-out drilling initiative at the Abore deposit, which is a part of the Asanko Gold Mine in Ghana. Abore is located strategically along the haul road to the processing plant with 638,000 ounces in Measured and Indicated Resources.
Mineralization over a 1,200-meter strike length, extending 200 meters below the current Mineral Reserve pit shell and remaining open in all directions, was intercepted across all four holes in the 1,907-meter campaign.
The results highlight potential for bulk underground mining, posing significant expansion opportunities. Building on the Phase 1 momentum achieved in May, Galiano Gold Inc. (NYSE:GAU) has initiated a Phase 2 infill drilling program. Under this second phase, the company will further test extensions immediately below existing Mineral Reserves and Resources.
Following the results, Scotiabank reiterated its ‘Hold’ rating on Galiano Gold Inc. (NYSE:GAU) with a $2.54 price target.
Operating through its Asanko Gold Mine, Galiano Gold Inc. (NYSE:GAU) explores for and produces gold. It is included in our list of the Best Penny Stocks.
10. i-80 Gold Corp. (NYSE:IAUX)
Share Price: $0.584
Number of Hedge Fund Holders: 9
i-80 Gold Corp. (NYSE:IAUX) is one of the 11 Best Gold Penny Stocks to Buy According to Hedge Funds (and Precious Metals Stocks).
On August 13, 2025, i-80 Gold Corp. (NYSE:IAUX) reported its Q2 2025 results. The company’s revenue increased from $7.2 million a year earlier to $27.8 million, thanks to gold sales doubling to 8,400 ounces at a record $3,301 per ounce. Meanwhile, loss per share improved from $0.11 to $0.05, driven by a $13.1 million gross profit boost.
During the quarter, i-80 Gold Corp. (NYSE:IAUX) progressed with several projects. The company conducted drilling between existing drill holes at Granite Creek and Mineral Point. They also moved forward in getting permits for their Archimedes and Cove projects. IAUX also plans to complete the feasibility of Lone Tree’s autoclave upgrade by the fourth quarter of 2025. At the same time, $185.5 million has been raised since May to finance its three-phase growth plan.
Ahead of its Q2 2025 results, Scotiabank reiterated its ‘Buy’ rating on i-80 Gold Corp. (NYSE:IAUX) with a $1.45 price target, citing strong fundamentals.
i-80 Gold Corp. (NYSE:IAUX), a Nevada-based mining company, is advancing multiple gold projects toward production. It is included in our list of the Best Penny Stocks.
9. New Found Gold Corp. (NYSE:NFGC)
Share Price: $1.58
Number of Hedge Fund Holders: 9
With significant hedge fund interest and a share price under $5, New Found Gold Corp. (NYSE:NFGC) secures a place on our list of the 11 Best Gold Penny Stocks to Buy According to Hedge Funds (and Precious Metals Stocks).
On July 21, 2025, New Found Gold Corp. (NYSE:NFGC) reported a Preliminary Economic Assessment (PEA) for its Queensway Gold Project in Newfoundland and Labrador, Canada. The company holds a 100% stake in the project.
Phase 1 of the project entails a $155 million initial capital investment, which is expected to deliver 69.3 koz of gold annually at an AISC of $1,282 per ounce for the first four years. The production proceeds are then projected to fund the $442 million Phase 2 build-out to 172.2 koz/year at $1,090 per ounce for the following five years. New Found Gold Corp. (NYSE:NFGC) expects 1.5 Moz total production across the 15-year mine life, with first output expected in 2027, pending approvals.
With a gold price projected at $2,500 per ounce, after-tax NPV5% is estimated at $743 million. On the other hand, the expected gold price of $3,300 per ounce yields $1.45 billion in NPV.
Three days later, on July 24, Roth MKM reiterated its ‘Buy’ rating with a $5 target price.
New Found Gold Corp. (NYSE:NFGC), a gold mining company, holds a 100% interest in the Queensway Project in Canada. It is included in our list of the Best Penny Stocks.
8. Osisko Development Corp. (NYSE:ODV)
Share Price: $2.5
Number of Hedge Fund Holders: 10
Osisko Development Corp. (NYSE:ODV) is one of the 11 Best Gold Penny Stocks to Buy According to Hedge Funds (and Precious Metals Stocks).
On August 12, 2025, Osisko Development Corp. (NYSE:ODV) reported its Q2 2025 results. The company recorded a revenue increase from $2.6 million a year earlier to $6.9 million, thanks to the sale of 1,393 gold ounces of small-scale heap leach operations at the Tintic Project. As a result, the company ended the quarter with $46.3 million in cash. Furthermore, its balance sheet was strengthened with a $450 million credit facility from Appian Capital to fund Cariboo’s pre-construction and a 13,000-metre infill drilling program. The company also raised $195 million in equity on July 31. As per the 2025 feasibility study, 190,000 ounces of gold production per annum over 10 years, at an AISC of $1,157 per ounce, is projected.
Ahead of its Q2 earnings release, on July 25, 2025, BMO Capital maintained its ‘Buy’ rating on Osisko Development Corp. (NYSE:ODV) with a $4.36 price target.
Osisko Development Corp. (NYSE:ODV), a North American gold developer, focuses on advancing past-producing mining camps. It is included in our list of the Best Penny Stocks.
7. Taseko Mines Limited (NYSE:TGB)
Share Price: $3.37
Number of Hedge Fund Holders: 10
With significant hedge fund interest and a share price under $5, Taseko Mines Limited (NYSE:TGB) secures a place on our list of the 11 Best Gold Penny Stocks to Buy According to Hedge Funds (and Precious Metals Stocks).
On August 6, 2025, Taseko Mines Limited (NYSE:TGB) reported results for Q2 2025. The company’s earnings from mining operations were reported at $20.7 million. Meanwhile, adjusted EBITDA reached $17.4 million. A production of 19.8 million pounds of copper resulted in revenue of $116.08 million. The company reported $21.9 million in net income, or $0.07 per share. However, an adjusted net loss of $13 million was noted, missing expectations for a $0.02 loss.
Following the quarterly results, BMO Capital reiterated its ‘Buy’ rating on Taseko Mines Limited (NYSE:TGB) with a $4.18 price target on August 7. On the same day, Canaccord also maintained its ‘Buy’ rating.
Operating its Gibraltar Mine in British Columbia, Taseko Mines Limited (NYSE:TGB) focuses on copper production. It is included in our list of the Best Penny Stocks.
6. Integra Resources Corp. (NYSE:ITRG)
Share Price: $1.7
Number of Hedge Fund Holders: 10
Integra Resources Corp. (NYSE:ITRG) is one of the 11 Best Gold Penny Stocks to Buy According to Hedge Funds (and Precious Metals Stocks).
On August 5, 2025, Integra Resources Corp. (NYSE:ITRG) reported strong initial results from its 2025 resource growth drilling program at Florida Canyon Mine in Nevada. The program revealed broad, consistent near-surface oxide gold intercepts at the high-priority North Dump and Inter-Pit areas, with several exceeding current cut-off grades. Building on this momentum, the company expanded the program from 10,000 meters to 16,000 meters, aiming for accelerated resource growth and potential mine life extensions.
Meanwhile, Integra Resources Corp. (NYSE:ITRG) reported Q2 2025 results on August 13, 2025. The mine recorded an output of 18,086 ounces of gold, meeting expectations and generating cash flow to support a planned $55 million reinvestment in Florida Canyon in 2025.
Ahead of these developments, on July 18, 2025, H.C. Wainwright raised its price target to $3.25 from $2.75 with a ‘Buy’ rating.
Integra Resources Corp. (NYSE:ITRG) is a growing precious metal producer in the Great Basin, Nevada, U.S. It is included in our list of the Best Penny Stocks.
5. Metalla Royalty & Streaming Ltd. (NYSE:MTA)
Share Price: $4.33
Number of Hedge Fund Holders: 10
With significant hedge fund interest and a share price under $5, Metalla Royalty & Streaming Ltd. (NYSE:MTA) secures a place on our list of the 11 Best Gold Penny Stocks to Buy According to Hedge Funds (and Precious Metals Stocks).
On June 25, 2025, BMO Capital upgraded Metalla Royalty & Streaming Ltd. (NYSE:MTA) from ‘Market Perform’ to ‘Outperform’, raising its price target from $5.09 to $5.82. The investment firm cited expectations for asset additions bolstering cash flow.
Meanwhile, on July 16, 2025, National Bank raised its price target on Metalla Royalty & Streaming Ltd. (NYSE:MTA) from $4.73 to $5.27, maintaining an ‘Outperform’ rating. However, Scotiabank reiterated a ‘Hold’ rating on the company with a $3.64 target.
Despite the recent share price decline, analyst sentiment remains strong, driven by the anticipated ramp-up in the second half of the year.
Metalla Royalty & Streaming Ltd. (NYSE:MTA) is a Canada-based precious metals royalty and streaming company. It is included in our list of the Best Penny Stocks.
4. Gold Royalty Corp. (NYSE:GROY)
Share Price: $3.095
Number of Hedge Fund Holders: 12
Gold Royalty Corp. (NYSE:GROY) is one of the 11 Best Gold Penny Stocks to Buy According to Hedge Funds (and Precious Metals Stocks).
On July 24, 2025, Gold Royalty Corp. (NYSE:GROY) reported its Q2 2025 results. The company recorded a 100% YoY growth in its revenue, land agreement proceeds, and interest to $4.4 million. Strong commodity prices and higher output from key interests at Canadian Malartic, Borborema, and Borden (Porcupine) resulted in $3.8 million in direct royalties.
For the quarter, Gold Royalty Corp. (NYSE:GROY) recorded production of 1,346 gold equivalent ounces (GEOs). Meanwhile, first-half 2025 revenue surged 25% to a record $8 million, thanks to 2,595 GEOs production. Looking ahead, the company reaffirmed its 2025 guidance of 5,700-7,000 GEOs. GROY expects heavier production in the second half of the year as Cote, Vares, and Borborema ramp up.
Following the earnings release, H.C. Wainwright increased its price target on Gold Royalty Corp. (NYSE:GROY) to $6.25 on August 7, maintaining a ‘Buy’ rating.
Gold Royalty Corp. (NYSE:GROY) is a Vancouver-based precious metals royalty company. It is included in our list of the Best Penny Stocks.
3. Dakota Gold Corp. (NYSE:DC)
Share Price: $4.06
Number of Hedge Fund Holders: 13
With significant hedge fund interest and a share price under $5, Dakota Gold Corp. (NYSE:DC) secures a place on our list of the 11 Best Gold Penny Stocks to Buy According to Hedge Funds (and Precious Metals Stocks).
BMO Capital increased its price target on Dakota Gold Corp. (NYSE:DC) from $7.50 to $9.00 on July 10, 2025, maintaining an ‘Outperform’ rating. The ongoing progress at the company’s Richmond Hill oxide gold project boosted the analyst sentiment.
The price revision follows the release of an Initial Assessment with Cash Flow (IACF). The feasibility projects an average annual production of 153,000 ounces of gold at an AISC of $1,047 per ounce over 17 years. Dakota Gold Corp. (NYSE:DC) estimated $380 million in initial capex, targeting first production for late 2029. The feasibility numbers aligned with the investment firm’s expectations, reinforcing its confidence in the company’s Richmond Hill project.
Dakota Gold Corp. (NYSE:DC) is focused on the acquisition, exploration, and development of mineral properties in the U.S. It is included in our list of the Best Penny Stocks.
2. Silvercorp Metals Inc. (NYSE:SVM)
Share Price: $4.57
Number of Hedge Fund Holders: 15
Silvercorp Metals Inc. (NYSE:SVM) is one of the 11 Best Gold Penny Stocks to Buy According to Hedge Funds (and Precious Metals Stocks).
On August 11, 2025, Roth/MKM reduced its price target on Silvercorp Metals Inc. (NYSE:SVM) from $6.75 to $6.50, maintaining a ‘Buy’ rating. The price revision follows the company’s Q1 2026 results release on August 7. The investment firm highlighted Silvercorp’s robust 62.2% gross profit margin and 35.5% revenue growth over the past year, which met analysts’ expectations.
However, the analyst believes that the partial closure of the HZG mine to investigate a fatality could negatively impact Silvercorp Metals Inc. (NYSE:SVM)’s fiscal Q2 production. Alongside the partial closure of the HZG mine, expectations for higher administrative costs led the analyst to adjust the price target.
Despite the short-term challenges, the investment firm remains confident in Silvercorp Metals Inc. (NYSE:SVM)’s fundamentals and growth outlook.
Silvercorp Metals Inc. (NYSE:SVM) focused on the acquisition, exploration, and development of silver properties. It is included in our list of the Best Penny Stocks.
1. B2Gold Corp. (NYSE:BTG)
Share Price: $3.88
Number of Hedge Fund Holders: 23
With significant hedge fund interest and a share price under $5, B2Gold Corp. (NYSE:BTG) secures a place on our list of the 11 Best Gold Penny Stocks to Buy According to Hedge Funds (and Precious Metals Stocks).
On August 7, 2025, B2Gold Corp. (NYSE:BTG) reported its results for Q2 2025. The company surpassed estimates with gold production of 229,454 ounces, thanks to stronger-than-expected performance at Fekola, Masbate, and Otjikoto mines. The company reported $154 million, or $0.12 per share, in net income. Operational cash flow before working capital reached $301 million.
Furthermore, B2Gold Corp. (NYSE:BTG) recorded its first gold pour at the Goose Mine on June 30, with commercial production scheduled for September. In July, the company received approval to commence underground mining at Fekola, now of four million ounces lifetime output. Meanwhile, the July 14 Feasibility Study for Colombia’s Gramalote Project boasted an after-tax NPV (5%) of $941 million.
During the quarter, B2Gold Corp. (NYSE:BTG) declared a Q3 dividend of $0.02 per share. Looking ahead, the company reaffirmed its 2025 guidance of 970,000-1,075,000 ounces, driven by higher realized gold prices. At the same time, it expects to boost throughput and recovery with advancing Fekola Regional permitting and Goose Mine optimization studies.
With operating mines in Mali, the Philippines, Namibia, and Canada, B2Gold Corp. (NYSE:BTG) operates as a global gold producer. It is included in our list of the Best Penny Stocks.
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