11 Cheap Gold Stocks to Buy According to Hedge Funds

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2. Kinross Gold Corporation (NYSE:KGC)

Forward P/E: 13.4

Number of Hedge Fund Holders: 39

Kinross Gold Corporation (NYSE:KGC) is one of the 11 Cheap Gold Stocks to Buy According to Hedge Funds. In a report released on June 3, Josh Wolfson from RBC Capital maintained a Hold rating on Kinross Gold Corporation (NYSE:KGC) with a price target of $19.00. The company’s fiscal Q1 2025 results showed the production of 512,088 gold equivalent ounces (Au eq. oz.) along with a strengthening balance sheet with improving debt metrics.

Kinross Gold Corporation (NYSE:KGC) repaid the remaining $200 million of its term loan, further supporting its balance sheet. Cash and cash equivalents for the quarter increased to $694.6 million, and the company had total liquidity of approximately $2.3 billion as of March 31, 2025.

Based in Canada, Kinross Gold Corporation (NYSE: KGC) is a global senior gold mining company operating in the US, Brazil, Mauritania, Chile, and Canada. Its projects include Fort Knox, Round Mountain, Bald Mountain, Manh Choh, Paracatu, La Coipa, Lobo-Marte, Tasiast, and Great Bear projects.

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