12 Best Gold Stocks Under $25

Published on February 23, 2024 at 10:48 am by Fahad Saleem in Hedge Funds, News

In this article, we will take a detailed look at the 12 Best Gold Stocks Under $25. For a quick overview of such stocks, read our article 5 Best Gold Stocks Under $25.

Gold prices slipped recently amid indications from several Fed officials that the central bank won’t show haste in cutting interest rates as inflation continues to remain stubborn. Gold prices reacted to this development negatively as historically a low-rate environment bodes well for the precious metal. However, long-term investors believe gold remains a solid option since sooner or later the Fed will begin to cut rates and there are several other catalysts that make gold stocks worth buying.

According to a report by World Gold Council, gold consumption in 2023 increased by about 3% to 4,899 tons, fueled by massive central bank buying and demand from OTC markets.

Demand of gold in China has been a significant catalyst for the precious metal as people turn to the precious metal because of its intrinsic value amid a decline in property prices and other investment options. A Bloomberg report earlier this month cited Nikos Kavalis, managing director at consultancy Metals Focus Ltd, who said that the difficulty to move your money out of China and lack of alternatives are giving a boost to gold in the country.

Some other catalysts for gold stocks like Barrick Gold Corp (NYSE:GOLD), Kinross Gold Corporation (NYSE:KGC) and B2Gold Corp (NYSE:BTG) include investors’ wish to continuously diversify their portfolios for troubled economic times and stay invested in safe-haven assets. A report by State Street Gobal Advisors said that gold has historically delivered positive risk-adjusted returns in the past, with a 7.7% compound annual growth rate in USD terms since 15 August, 1971.

But does strengths in gold prices help gold stocks? A report by investment management company VanEck analyzed some data to show that gold prices are directly linked to gold stocks.

“Gold stocks are supposed to outperform the metal when gold’s price is rising. Their leverage to gold justifies outperformance. For any given move in the price of gold, operating cash flow generated by these companies increases (or decreases) by a much greater percentage. Take Alamos (8.06% of Fund net assets), for example. The company estimates that a 5% increase in the price of gold (about a+$100/oz move), would translate into an increase of almost 30% in their free cash flow in 2024. “

However, the report noted that over the past two years there has been a disconnect noted between gold prices and gold stocks, mainly due to central bank buying and several other factors of temporary nature.

A closeup view of a large gold mine, illustrating the company’s gold properties.

Methodology

For this article we scanned Insider Monkey’s database of 900+ hedge funds and picked gold stocks trading under $25 with the highest number of hedge fund investors. These are the best gold stocks under $25 according to smart money managers. But why care about what hedge funds are doing? Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here).

12. Gold Fields Limited (NYSE:GFI)

Number of Hedge Fund Investors: 13

With a low PE ratio and a dividend yield of about 2.8%, gold mining company Gold Fields Limited (NYSE:GFI) ranks 12th in our list of the best gold stocks under $25.

As of the end of the third quarter of 2024, 13 hedge funds tracked by Insider Monkey had stakes in Gold Fields Limited (NYSE:GFI). The biggest stake in Gold Fields Limited (NYSE:GFI) is owned by William B. Gray’s Orbis Investment Management which owns a $70 million stake in Gold Fields Limited (NYSE:GFI).

11. SSR Mining Inc (NASDAQ:SSRM)

Number of Hedge Fund Investors: 14

Gold and silver mining company SSR Mining Inc (NASDAQ:SSRM) ranks 11th in our list of the best gold stocks to buy under $25 according to hedge funds. In November SSR Mining Inc (NASDAQ:SSRM) posted third quarter results. Adjusted EPS in the period came in at $0.26. Revenue in the quarter jumped 131.3% year over year to $385.39 million.

Of the 910 funds in Insider Monkey’s database, 14 hedge funds had stakes in SSR Mining Inc (NASDAQ:SSRM).

Palm Valley Capital Management made the following comment about SSR Mining Inc. (NASDAQ:SSRM) in its Q3 2023 investor letter:

“We did not fully sell any positions during the third quarter. We purchased four new names: Avista Corporation (ticker: AVA), Farmland Partners (ticker: FPI), Equity Commonwealth (ticker: EQC), and SSR Mining Inc. (NASDAQ:SSRM). We believe these opportunities materialized because higher interest rates are disproportionately impacting investor sentiment toward certain sectors, even as capitalization-weighted, tech-heavy indexes have powered through the headwinds.

SSR Mining is back in the Fund after a brief hiatus. SSR is a precious metals producer with four mines located in the United States, Turkey, Canada, and Argentina. The company is selling at a meaningful discount to its tangible book value and our calculated net asset value. SSR has a very strong balance sheet with more cash than debt and $4.6 billion in stockholders’ equity. Furthermore, the firm has a history of generating free cash flow, buying back stock, and paying a sustainable dividend.”

10. Iamgold Corp (NYSE:IAG)

Number of Hedge Fund Investors: 14

Gold mining company Iamgold Corp (NYSE:IAG) ranks tenth in our list of the best gold stocks to buy under $25 according to hedge funds. Last month, the stock jumped after Iamgold Corp (NYSE:IAG) reported full-year 2023 gold production which was stronger than expected.

Out of the 910 hedge funds tracked by Insider Monkey, 14 funds had stakes in Iamgold Corp (NYSE:IAG). The biggest stake in Iamgold Corp (NYSE:IAG) is owned by David Iben’s Kopernik Global Investors which owns a $38.4 million stake in Iamgold Corp (NYSE:IAG).

9. Coeur Mining Inc (NYSE:CDE)

Number of Hedge Fund Investors: 15

Headquartered in Chicago, Illinois, Coeur Mining Inc (NYSE:CDE) is a precious metals mining company. The stock has gained about 2.4% over the past six months.

As of the end of the third quarter of 2023, 15 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Coeur Mining Inc (NYSE:CDE). The biggest stake in Coeur Mining Inc (NYSE:CDE) is owned by Paul Marshall and Ian Wace’s Marshall Wace LLP which owns a $22 million stake in Coeur Mining Inc (NYSE:CDE).

8. NovaGold Resources Inc (NYSE:NG)

Number of Hedge Fund Investors: 15

Yet another penny stock in our list, Canadian gold mining company NovaGold Resources Inc (NYSE:NG) shares were spotted in 15 hedge fund portfolios as of the end of the third quarter of 2023. The most significant stake in NovaGold Resources Inc (NYSE:NG) is owned by John Paulson’s Paulson & Co which owns an $85 million stake in NovaGold Resources Inc (NYSE:NG).

In addition to NovaGold, hedge funds are also buying Barrick Gold Corp (NYSE:GOLD), Kinross Gold Corporation (NYSE:KGC) and B2Gold Corp (NYSE:BTG).

7. Sibanye Stillwater Ltd (NYSE:SBSW)

Number of Hedge Fund Investors: 16

Metals and mining processing company Sibanye Stillwater Ltd (NYSE:SBSW) has a dividend yield of about 7% and a PE ratio of 4.67. It ranks seventh in our list of the best gold stocks to buy under $25.

As of the end of the third quarter of 2023, 16 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Sibanye Stillwater Ltd (NYSE:SBSW). The biggest stake in Sibanye Stillwater Ltd (NYSE:SBSW) is owned by Cliff Asness’s AQR Capital Management which owns a $31 million stake in Sibanye Stillwater Ltd (NYSE:SBSW).

6. Osisko Gold Royalties Ltd (NYSE:OR)

Number of Hedge Fund Investors: 18

Canadian-based gold and silver royalties company Osisko Gold Royalties Ltd (NYSE:OR) shares have gained about 6% in 2024 so far through February 7.

Out of the 910 funds tracked by Insider Monkey, 18 hedge funds had stakes in Osisko Gold Royalties Ltd (NYSE:OR). The biggest stake in Osisko Gold Royalties Ltd (NYSE:OR) is owned by Israel Englander’s Millennium Management which owns an $104 million stake in Osisko Gold Royalties Ltd (NYSE:OR).

Osisko Gold talked about its Q4 guidance in a latest earnings call:

“By the end of 2024, we can also expect both Namdini and Tocantinzinho gold projects to be added to this list. Along with Osisko’s high precious metal exposure, especially diamonds no longer serving as a major GEO contributor, our company continues to distinguish itself from pure leading jurisdictional exposure as it relates to both production and NAV to what Osisko defines as Tier 1 mining jurisdictions, which include Canada, the United States and Australia. Recent global events have only served to underpin our belief that maintaining a high exposure to both Tier 1 and very well-established mining jurisdictions where mining has been a key industry or part of the overall culture is extremely important. As stated in our press release last night, after joining the team and subsequently going through a full portfolio review, in addition to factoring events that have transpired over the past years since this company last published it’s 2023 guidance and previous five-year outlook, the company has updated these numbers to reflect what we believe to be achievable ranges.

With respect to our 2024 guidance of 82,000 to 92,000 GEOs, it goes without saying that there is a significant void in terms of GEOs that has been left by the shutdown of or not. Production improvements and new mine startups, plus the CSA copper stream coming online for us on June 15th are expected to partially offset this reduction. However, cornerstone asset, Canadian Malartic is guided to be flat to maybe modestly down year over year in large part, because of Ignyta’s decision to defer the reintroduction of progression lower grade ore to increase mill throughput, which is now not expected to happen until 2025 In 2024, Mill throughput is expected to be sourced primarily from the Barnat pit, as well as the Odyssey underground and to a lesser extent, with total throughput estimated to be 52,000 tonnes per day in 2024 versus a nameplate capacity of 60,000 tonnes per day.”

Read the full earnings call transcript here.

Click to continue reading and see 5 Best Gold Stocks Under $25.

Suggested Articles:

Disclosure. None. 12 Best Gold Stocks Under $25 was initially published on Insider Monkey.

NYSE:NG NYSE:OR Headline NYSE:CDE NYSE:GFI Show more...

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on May 1, 2024 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 75%.

For a ridiculously low price of just $24, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

The Name of the Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.
Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund ANYTIME, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

Head over to our website and subscribe to our Premium Readership Newsletter for just $24.
Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.
Sit back, relax, and know that you’re backed by our ironclad lifetime money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

A New Dawn is Coming to U.S. Stocks

Published on May 2, 2024 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up