5 Best Gold Royalty and Small-Cap Gold Stocks To Buy

4. IAMGOLD Corporation (NYSE:IAG)

Number of Hedge Fund Holders: 18

IAMGOLD Corporation (NYSE:IAG) conducts exploration, development, and operations of gold mining properties located in West Africa and North America. It is one of the premier gold stocks to buy. On May 1, BMO Capital raised IAMGOLD Corporation (NYSE:IAG)’s rating from Market Perform to Outperform and increased the price target to $3.25 from $2. According to the analyst’s research note, IAMGold has experienced a “remarkable financial recovery” in recent months by divesting some of its higher cost and higher risk assets. The firm predicts a forthcoming recovery in operations, but it also noted the risks associated with the startup at Cote.

According to Insider Monkey’s fourth quarter database, 18 hedge funds were bullish on IAMGOLD Corporation (NYSE:IAG), compared to 12 funds in the prior quarter. David Iben’s Kopernik Global Investors is the biggest stakeholder of the company, with 24 million shares worth $62 million. 

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