11 Cheap Gold Stocks to Buy According to Hedge Funds

3. Coeur Mining, Inc. (NYSE:CDE)

Forward P/E: 13.98

Number of Hedge Fund Holders: 38

Coeur Mining, Inc. (NYSE:CDE) is one of the 11 Cheap Gold Stocks to Buy According to Hedge Funds. On June 13, National Bank transferred its coverage of Coeur Mining, Inc. (NYSE:CDE) to analyst Alex Terentiew, who gave the stock an Outperform rating with a $12 price target.

The firm released a positive research note on Metals & Mining on the price of silver, stating that the mining companies focused on silver are experiencing notable positive transformations at present due to improvements in balance sheets.

The analyst further stated in a research note that Coeur Mining, Inc. (NYSE:CDE) has a diversified portfolio of assets expected to deliver increasingly stable and high-margin cash flow. This could further bolster its already strong balance sheet, positioning the company to consider increased shareholder returns.

Coeur Mining, Inc. (NYSE:CDE) explores and develops gold and silver mines and mining properties in the US, Canada, and Mexico. It operates through the Palmarejo, Rochester, Kensington, Wharf, and Other segments. The Palmarejo segment manages a gold-silver complex, while the Rochester segment operates a silver-gold mine in northwestern Nevada. Similarly, the Kensington and Wharf segments operate an underground gold mine and an open-pit heap leach gold mine, respectively.