5 Best Gold Penny Stocks to Buy Now

4. New Gold Inc. (NYSE:NGD)

Number of Hedge Fund Holders: 15

New Gold Inc. (NYSE:NGD) ranks 4th in our list of the best gold penny stocks to buy now. A total of 15 hedge funds in Insider Monkey’s database of 943 funds reported having stakes in New Gold Inc. (NYSE:NGD). The biggest stakeholder of New Gold Inc. (NYSE:NGD) during this period was Eric Sprott’s Sprott Asset Management which had a $15 million stake in the company.

Last month, New Gold Inc. (NYSE:NGD) posted second quarter results. Adjusted EPS in the period came in at $0.02. Revenue in the quarter jumped about 60% year over year to $184.4 million.