In this article, we will list the 5 Best Canadian Stocks Under $10 to Buy Now. Please visit 10 Best Canadian Stocks Under $10 to Buy Now to see the extended list and the methodology behind it.
5. Galiano Gold Inc. (NYSEAMERICAN:GAU)
Number of Hedge Fund Holders: 22
Galiano Gold Inc. (NYSEAMERICAN:GAU) is one of the best Canadian stocks under $10 to buy now. On May 11, Galiano Gold reported assay results from its 2026 drilling program at the Abore deposit, part of the Asanko Gold Mine in Ghana. The ongoing 30,000-meter campaign has successfully intersected high-grade mineralization well beyond current underground Mineral Resource limits, including a discovery ~180 meters below existing resources. Notable intercepts include 53 meters at 3.9 g/t gold and 32 meters at 4.7 g/t gold, showing robust potential for resource growth at depth and along strike.
The drilling confirmed a new 200-meter-long mineralized zone beneath the Main pit and identified a high-grade extension in the South zone. To date, ~14,500 meters of drilling have been completed, with step-out holes proving that the mineralized system remains open in multiple directions. These results have prompted the company to initiate the permitting process for an underground exploration drilling adit, with plans to break ground in early 2027 to further evaluate the deposit’s scale and move toward a maiden Mineral Reserve.
In addition to deep step-out successes, infill drilling has improved the continuity of known mineralized zones, comparing favorably to the widths and grades of existing resource estimates. Management indicated that the identification of new high-grade zones beneath the northern end of the Main pit reinforces Abore’s potential to become a major underground mining operation. Further assay results from the program are expected throughout Q2 2026 as drilling continues across the deposit.
Galiano Gold Inc. (NYSEAMERICAN:GAU) is engaged in the acquisition and exploration of mineral resources, with a primary focus on the Asanko Gold Mine in West Africa.
4. BlackBerry Limited (NYSE:BB)
Number of Hedge Fund Holders: 24
BlackBerry Limited (NYSE:BB) is one of the best Canadian stocks under $10 to buy now. On May 8, BlackBerry received approval from the Toronto Stock Exchange to renew its normal course issuer bid/NCIB, authorizing the repurchase of up to 26,785,714 common shares. This figure represents ~4.58% of the company’s public float as of late April. The program is set to commence on May 12 and will run for one year or until the maximum purchase limit is reached. Any shares acquired through the bid will be cancelled, a move intended to offset the dilutive effects of the company’s equity incentive plan and return value to shareholders.
The company noted that its balance sheet was further strengthened during FY2026, and it anticipates generating positive operating cash flow throughout FY2027. Management believes the current market price of BlackBerry’s shares does not always accurately reflect the underlying value and prospects of the business. By maintaining the NCIB, the company gains the flexibility to use excess cash for share repurchases when it offers an attractive, risk-adjusted return on capital, without impacting its long-term strategic goals.
Under the specific terms of the bid, daily purchases on the TSX are capped at 563,825 common shares, excluding block trades. This renewal follows a previous program that saw the company repurchase over 18 million shares at a weighted average price of $3.85. Purchases can be conducted across major Canadian and US exchanges, as well as through private agreements at negotiated prices. While the NCIB provides a mechanism for buybacks, BlackBerry Limited (NYSE:BB) clarified that the actual timing and volume of purchases remain at the company’s discretion.
BlackBerry Limited (NYSE:BB) is a Canadian provider of intelligent security software and services to both enterprises and government organizations. Incorporated in 1984, the company operates through three segments: Secure Communications, QNX, and Licensing.
3. Taseko Mines Ltd (NYSEAMERICAN:TGB)
Number of Hedge Fund Holders: 26
Taseko Mines Ltd (NYSEAMERICAN:TGB) is one of the best Canadian stocks under $10 to buy now. On May 6, Taseko Mines achieved financial growth in Q1 2026, reporting an Adjusted EBITDA of $93 million and earnings from mining operations of $115 million, representing year-over-year increases of 172% and 195%, respectively. Revenues reached $237 million, driven by the sale of 27 million pounds of copper and 708 thousand pounds of molybdenum. While the company recorded a net income of $17 million, site operating costs at the Gibraltar mine saw upward pressure due to higher prices for diesel and explosives, alongside expenses related to unscheduled maintenance.
Operational performance at the Gibraltar mine remained steady, producing 30 million pounds of copper at an average head grade of 0.25%, which aligns with the life-of-mine average. Mill throughput reached 7.0 million tons, and copper recoveries improved to 83% due to better ore characteristics. Looking ahead, mining will remain focused on the Connector pit through 2028, with total copper production for 2026 projected to be between 110 and 115 million pounds. The company has also secured favorable offtake agreements for nearly all of its 2026 concentrate production and maintains a hedging program to protect cash flow during ongoing project expansions.
The Florence Copper project in Arizona reached a major milestone with the commencement of SX/EW plant operations in February, leading to the harvest of the first copper cathodes. The facility produced 1.5 million pounds of copper in Q1, and the company expects full-year production to reach between 30 and 35 million pounds as the wellfield continues to expand. Additionally, Taseko is advancing its Yellowhead copper project in British Columbia, with plans to file a detailed project description this summer. These developments, combined with a historic agreement regarding the New Prosperity project, position Taseko as a prominent North American copper growth story.
Taseko Mines Ltd (NYSEAMERICAN:TGB) is a mining company involved in the acquisition, development, and operation of mineral deposits. The company holds an interest in the Gibraltar, Florence Copper, Aley Niobium, Yellowhead, New Prosperity, and Harmony projects.
2. Algonquin Power & Utilities Corp. (NYSE:AQN)
Number of Hedge Fund Holders: 31
Algonquin Power & Utilities Corp. (NYSE:AQN) is one of the best Canadian stocks under $10 to buy now. On May 8, Algonquin Power & Utilities reported Q1 2026 net earnings of $83.1 million, or $0.11 per common share, and adjusted net earnings of $99.6 million, or $0.13 per common share. These figures represent a slight decline from Q1 2025, when the company saw net earnings of $92.8 million and adjusted earnings of $0.14 per share. CEO Rod West attributed the steady performance to the company’s Back-to-Basics strategy, highlighting progress in transitioning Algonquin into a pure-play regulated utility through the advancement of key regulatory proceedings.
The Regulated Services Group earned $119.4 million, benefiting from the approval of several major rate cases. Notable developments included a $48.6 million annualized revenue adjustment for CalPeco Electric in California and a $45.3 million distribution revenue adjustment for New England Gas in Massachusetts. However, these gains were offset by unfavorable weather conditions at Empire District Electric and higher operating expenses related to gas safety initiatives and labor. Meanwhile, the Hydro Group saw a drop in earnings to $2.1 million, due to the non-recurrence of a one-time tax recovery recorded in the previous year.
Algonquin’s Corporate Group narrowed its net loss to $38.4 million, aided by the absence of foreign exchange losses that impacted the prior year’s results. The company continues to incur restructuring costs associated with its strategic transformation but remains focused on financial discipline. After the quarter’s end, Algonquin Power & Utilities Corp. (NYSE:AQN) supported its liquidity by closing a $1.15 billion senior unsecured syndicated facility, which may be used to refinance existing debt maturing in June.
Algonquin Power & Utilities Corp. (NYSE:AQN) is a Canadian‑based regulated utility company delivering electricity, natural gas, water, and wastewater services to over 1.2 million customer connections across North America, Bermuda, and Chile through its Liberty Utilities and related subsidiaries.
1. B2Gold Corp. (NYSEAMERICAN:BTG)
Number of Hedge Fund Holders: 37
B2Gold Corp. (NYSEAMERICAN:BTG) is one of the best Canadian stocks under $10 to buy now. On May 6, B2Gold started 2026 with strong results, producing 237,763 ounces of gold and generating $362 million in free cash flow. All operating mines exceeded production targets, leading to lower-than-expected costs with an AISC of $1,964 per ounce sold. The company maintained high liquidity, ending the quarter with $479 million in cash and a fully undrawn $800 million credit facility.
Strategically, the company announced that CEO Clive Johnson will retire in June, with CFO Mike Cinnamond set to succeed him. B2Gold also closed the $325 million sale of its Fingold interest to Agnico Eagle and renewed its share buyback program. Operationally, the Fekola Complex remained the top producer, while the Masbate and Otjikoto mines benefited from favorable high-grade ore variances.
In Canada, the Goose Mine outperformed expectations but faces a 10,000-ounce production headwind for the second quarter following a fire in its crushing circuit. Repairs are underway and expected to conclude in the third quarter. Despite this temporary setback, B2Gold declared a $0.02 per share dividend and continues to advance its Gramalote Project in Colombia and other regional exploration targets.
B2Gold Corp. (NYSEAMERICAN:BTG) is a low-cost international senior gold producer. The company focuses on acquiring, developing, and operating gold mines with producing assets in Mali, Namibia, the Philippines, and Canada.
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