5 Best Canadian Gold Stocks To Buy Right Now

3. Kinross Gold Corporation (NYSE:KGC)

Number of Hedge Fund Holders: 28

Kinross Gold Corporation (NYSE:KGC) is a Canadian company that is involved in gold mining and related activities, including exploration and acquisition of gold-bearing properties, as well as the extraction and processing of gold ores.

On October 12, Credit Suisse analyst Fahad Tariq reiterated an Outperform rating on the shares of Kinross Gold Corporation (NYSE:KGC).

Kinross Gold Corporation (NYSE:KGC) issued its quarterly earnings report for the third quarter on November 10, declaring an EPS of $0.07, surpassing the forecast estimates by $0.02. The company’s revenue for the quarter stood at $862.50 million.

According to our database, 28 of the 873 elite hedge funds held stakes in Kinross Gold Corporation (NYSE:KGC) in the second quarter of 2021, worth about $360 million. This is compared to 27 hedge funds that held stakes in the company in the previous quarter, worth $444 million. Eric Sprott of Sprott Asset Management is one of the leading shareholders of the company.