In this article, we will take a look at the 5 best gold penny stocks to buy now. To see more such companies, go directly to 11 Best Gold Penny Stocks to Buy Now.
5. Gatos Silver, Inc. (NYSE:GATO)
Number of Hedge Fund Holders: 15
Silver company Gatos Silver, Inc. (NYSE:GATO) ranks 5th in our list of the top gold and precious metals penny stocks to buy according to hedge funds. Gatos Silver, Inc. (NYSE:GATO) is up about 13% year to date through August 7.
In July Gatos Silver, Inc. (NYSE:GATO) posted Q2 results. Gatos Silver, Inc. (NYSE:GATO) posted a new quarterly record of 2,916 metric tons/day mill throughput at its Cerro Los Gatos mine in Mexico.
A total of 15 hedge funds tracked by Insider Monkey reported owning stakes in Gatos Silver, Inc. (NYSE:GATO). The most notable hedge fund stakeholder of Gatos Silver, Inc. (NYSE:GATO) during this period was Eric Sprott’s Sprott Asset Management which had a $17.4 million stake in the company.
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.
3. Coeur Mining, Inc. (NYSE:CDE)
Number of Hedge Fund Holders: 17
Precious metals and mining company Coeur Mining, Inc. (NYSE:CDE) is one of the most popular penny stocks among the elite hedge funds tracked by Insider Monkey. 17 hedge funds reported having stakes in Coeur Mining, Inc. (NYSE:CDE) as of the end of the first quarter. The biggest stakeholder of Coeur Mining, Inc. (NYSE:CDE) was Paul Marshall and Ian Wace’s Marshall Wace LLP which had a $27 million stake in the company.
In June Coeur Mining, Inc. (NYSE:CDE) said it raised about $19 million via private placements for exploration expenditures.
2. B2Gold Corp. (NYSE:BTG)
Number of Hedge Fund Holders: 20
Canadian gold mining company B2Gold Corp. (NYSE:BTG) ranks 2nd in our list of the top gold mining penny stocks to buy now according to hedge funds. Insider Monkey’s proprietary database of 943 hedge funds shows that 20 funds had stakes in B2Gold Corp. (NYSE:BTG) as of the end of the first quarter. The most significant stakeholder of B2Gold Corp. (NYSE:BTG) was Jean-Marie Eveillard’s First Eagle Investment Management which had a $90 million stake in B2Gold Corp. (NYSE:BTG).
B2Gold Corp. (NYSE:BTG) recently posted its Q2 results. Adjusted EPS in the quarter came in at $0.07, in-line with estimates. Revenue in the quarter jumped 23.3% year over year to $470.85 million, beating estimates by $9.79 million
1. Kinross Gold Corporation (NYSE:KGC)
Number of Hedge Fund Holders: 26
Out of the 943 hedge funds tracked by Insider Monkey, Kinross Gold Corporation (NYSE:KGC) shares were owned by 26 hedge funds as of the end of the first quarter. The biggest hedge fund stakeholder of Kinross Gold Corporation (NYSE:KGC) during this period was Ali Motamed’s Invenomic Capital Management with a $25.4 million stake in the company.
Earlier in August Kinross Gold Corporation (NYSE:KGC) posted its second quarter results. Adjusted EPS in the period came in at $0.14 beating estimates by $0.05. Revenue in the quarter jumped 32.7% year over year to $1.09 billion.
You can also take a peek at Top 20 Countries With the Most McDonald’s Restaurants and 10 Best Canadian Penny Stocks to Buy Now.
