5 Best Canadian Gold Stocks to Buy Right Now

4. B2Gold Corp. (NYSE:BTG)

Number of Hedge Fund Holders: 15

B2Gold Corp. (NYSE:BTG) is a Canadian gold mining company. It operates through mines in Mali, Namibia, and the Philippines. The company has one of the lowest all-in sustaining costs in the industry with $860 per oz at the Fekola mine in Mali, $1,110 at the Masbate mine in the Philippines, and $1,160 at the Otijkoto mine in Namibia.

B2Gold Corp. (NYSE:BTG) has one of the highest dividend yields in the sector at 5.37%, with a payout ratio of 45.22% as of September 23. The latest quarterly dividend was declared on September 9 in the amount of $0.04, payable by September 29 to the shareholders of record on September 21.

On September 12, TD Securities analyst Steven Green upgraded B2Gold Corp. (NYSE:BTG)’s shares to Action List Buy from Buy with a C$9 price target. The company is one of Green’s top picks among mid-tier producers and the analyst adds that the company has a “strong near-term outlook.”