In this article, we will look at the 11 Cheap Gold Stocks to Buy According to Hedge Funds.
Is Gold the New Safe Haven for Investors?
On June 17, CNBC reported that gold prices rose around 30% so far in 2025, outpacing the Swiss franc, the Japanese yen, and the US Treasurys. Market experts at the annual Asia Pacific Precious Metals Conference in Singapore stated that the primary reason behind the increase in gold’s appeal to investors is its freedom from government.
With gold outpacing the gains of traditional safe havens, investors are rethinking the idea of true safety in a market facing geopolitical tensions and fiscal sustainability concerns. CNBC further reported that Nikos Kavalis, managing director at Metals Focus, opined:
“Gold’s key advantage is that it is no one else’s liability. When an investor owns Treasurys, other sovereign bonds, and even currencies, they are ultimately buying into the respective economy.”
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World Gold Council’s global head of central banks, Shaokai Fan, also reasoned that the future of the US dollar and US Treasury market is increasingly uncertain, and there is “a growing sense” of confusion about what the future might look like. That has resulted in considerable interest in “alternative safe havens like gold.”
CNBC further reported that Nicholas Frappell, global head of institutional markets at ABC Refinery, expressed similar sentiments about the situation, saying:
“Gold as an asset is not affected by the high debt-to-GDP ratios that impact other currencies.”
With these positive trends for this new safe haven in view, let’s look at the best cheap gold stocks to buy according to hedge funds.
Drills extracting gold from a gold mine, revealing the company’s gold mining operation.
Our Methodology
We used the Finviz stock screener to compile a list of gold stocks with forward P/E below 15 and chose the top 11 with the highest number of hedge fund holders as of Q1 2025. We sourced the data from Insider Monkey’s database. The list is arranged in ascending order of hedge fund sentiment.
Note: All data was sourced on June 18.
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).
11 Cheap Gold Stocks to Buy According to Hedge Funds
11. B2Gold Corp. (NYSE:BTG)
Forward P/E: 7.63
Number of Hedge Fund Holders: 23
B2Gold Corp. (NYSE:BTG) is one of the 11 Cheap Gold Stocks to Buy According to Hedge Funds. In a report released on June 4, Michael Siperco from RBC Capital maintained a Hold rating on B2Gold Corp. (NYSE:BTG) with a price target of $4.50.
The analyst maintained the rating despite the company’s fiscal Q1 2025 results, which showed higher-than-expected gold production, reaching 192,752 ounces. B2Gold Corp.’s (NYSE:BTG) operations surpassed production budgets in the quarter, and management is optimistic that it is on track to meet its consolidated annual production guidance range. All three of its operations are continuing to either meet or exceed gold production expectations at the beginning of fiscal Q2 2025.
B2Gold Corp. (NYSE:BTG) is an exploration company that acquires and develops mineral properties. Its operations are divided into the following segments: Fekola Mine, Fekola Regional, Masbate Mine, Otjikoto Mine, Goose Project, Other Mineral Properties, and Corporate and Other.