In this article, we will list the 5 Best Gold Stocks Under $5. Please visit 8 Best Gold Stocks Under $5 if you would like to see the extended list and the methodology behind it.

5. Vista Gold Corp. (NYSEAMERICAN:VGZ)

Share Price: $2.12

Stock Upside Potential: 107.37%

Number of Hedge Fund Holders: 14

Vista Gold Corp. (NYSEAMERICAN:VGZ) is one of the best gold stocks under $5. On May 13, Vista Gold Corp. (NYSEAMERICAN:VGZ) moved to strengthen its Mt Todd Project Execution team by appointing Julie Jones as General Counsel and Company Secretary, and to advance its search for a Managing Director.

Ms. Jones is relied upon to establish the flagship Mt Todd gold project as a leading gold producer in Northern Australia. Her appointment underscores Vista Gold’s focus on strengthening its executive project execution capabilities.

She joins the company with more than 20 years of legal and executive leadership experience across various gold mining companies. Her extensive legal and corporate leadership expertise will be crucial as Vista increasingly executes its strategic plan for Mt Todd, one of the largest undeveloped gold projects in Australia.

Frederick H. Earnest, President and CEO, has already reiterated that the focus in 2026 is on pursuing all activities that will lead to permit modification approvals to align with existing permits, with the 2025 Mt Todd Feasibility study.

Vista Gold Corp. (NYSEAMERICAN:VGZ) is a development-stage gold mining company headquartered in Englewood, Colorado. They are primarily focused on the evaluation, acquisition, exploration, and advancement of gold projects, with their flagship asset being the large-scale Mt Todd Gold Project in the Northern Territory of Australia.

4. New Found Gold Corp (NYSEAMERICAN:NFGC)

Share Price: $1.96

Stock Upside Potential: 113.89%

Number of Hedge Fund Holders: 13

New Found Gold Corp (NYSEAMERICAN:NFGC) is one of the best gold stocks under $5. On May 12, New Found Gold Corp (NYSEAMERICAN:NFGC) delivered solid first-quarter results, reporting net revenue of C$9.9 million, an improvement from zero revenue in the same quarter last year.

Amid robust revenue growth, the company posted a net loss from operations of C$17.9 million, compared with C$9.4 million in the same quarter last year. Total net loss also widened to C$19.1 million or C$0.08 a share compared to C$8.93 million or C$0.04 a share.

On the other hand, New Found Gold has confirmed continuity of the AFZ Core and intersected new mineralization at depth at its flagship Queensway Gold project. The open-pit infill results continue to affirm the continuity of gold mineralization in the block model and mine plan.

Similarly, the company has closed a bought deal financing for gross proceeds of $115 million. It plans to use net proceeds from the offering to advance the 100% owned Queensway Gold Project and for general corporate and working capital purposes.

New Found Gold Corp (NYSEAMERICAN:NFGC) is a Canadian mineral exploration and mining company focused on discovering, evaluating, and advancing gold deposits. It is transitioning from an early-stage exploration company into an emerging gold producer, with a targeted first production milestone.

3. I-80 Gold Corp (NYSEAMERICAN:IAUX)

Share Price: $1.48

Stock Upside Potential: 145.65%

Number of Hedge Fund Holders: 24

I-80 Gold Corp (NYSEAMERICAN:IAUX) is one of the best gold stocks under $5. On May 12, I-80 Gold Corp (NYSEAMERICAN:IAUX) confirmed it is off to a great start in 2023, with its balance sheet strengthening amid material de-risking of its development plan.

The remarks follow an impressive first quarter, during which the company delivered impressive financial results. Revenue exploded to $52.4 million on the sale of 10,590 ounces of gold at an average price of $4,941 an ounce. In contrast, the company delivered revenue of $14 million in the same quarter last year. The robust revenue increase was driven by higher gold prices.

Gross profit also increased to $16.1 million, compared to $2.9 million in the same quarter of the prior year, due to robust revenue growth. However, I-80 Gold plunged to a wider-than-expected net loss of $78.6 million, up from $41.2 million in the same quarter last year. The increase was driven by higher non-cash fair-value revaluations of derivative instruments. Loss per share decreased to $0.09 from $ 0.10 due to an increase in outstanding common shares.

During the quarter, I-80 Gold closed $787.5 million in financing transactions. Gross proceeds of $662.5 million were received and net proceeds of $637.2 million.

I-80 Gold Corp (NYSEAMERICAN:IAUX) is a Nevada-focused mining and exploration company. They acquire, explore, and develop gold, silver, and polymetallic deposits. Its goal is to become a mid-tier gold producer with annual output exceeding 600,000 ounces.

2. Integra Resources Corp (NYSEAMERICAN:ITRG)

Share Price: $2.49

Stock Upside Potential: 176.78%

Number of Hedge Fund Holders: 11

Integra Resources Corp (NYSEAMERICAN:ITRG) is one of the best gold stocks under $5. On May 13, Integra Resources Corp (NYSEAMERICAN:ITRG) entered into an agreement to offer 517,103 of its common shares to Shoshone-Paiute with an aggregate value of $1.5 million.

The agreement is in response to the work undertaken by the two companies to design and implement processes and initiatives as part of the DeLamar project. The equity grant paves the way for the two parties to build consensus and support Shoshone-Paiute to participate as a long-term partner in the project. DeLamar is Integra Resource’s gold and silver development project in Owyhee County in southwest Idaho.

On May 12, H.C. Wainwright reiterated a Buy rating on Integra Resources but lowered the price target to $6.75 from $7. The Buy stance is in response to the company’s first-quarter results, which showed revenue and earnings growth. Revenue came in at $61.7 million compared to $57 million in Q1 2025. Net earnings totaled $12.5 million, or $0.06 a share, compared to $1 million, or $0.01 a share, delivered in the same quarter last year.

Integra Resources Corp (NYSEAMERICAN:ITRG) is a precious metals mining and exploration company. Headquartered in Canada, the company acquires, explores, and develops gold and silver deposits primarily located in the Western United States.

1. GoldMining Inc. (NYSEAMERICAN:GLDG)

Share Price: $1.08

Stock Upside Potential: 229.55%

Number of Hedge Fund Holders: 6

GoldMining Inc. (NYSEAMERICAN:GLDG) is one of the Best Gold Stocks Under $5. On April 28, GoldMining Inc. (NYSEAMERICAN:GLDG) delivered a solid update to its preliminary economic assessment for the La Mina Project in Antioquia, Colombia.

While incorporating current benchmarked costs and updated case pricing of $3,500/oz gold, $4.70/lb copper (Cu), and $40/oz silver (Ag), the updated PEA affirms a Net Present Value of $1 billion with an IRR of 49.1%. The company expects to spend $523 million in capital expenditures at the mine, resulting in an attractive initial capital-to-base case ratio of 0.5%.

GoldMining expects average annual production of 152.4 koz Au equivalent over the first five years of operation, with 1.5 Moz AuEq over the mine’s total life. According to Alastair Still, the chief executive officer, the expected production and mine’s net present value underscore the underlying quality of the La Mina porphyry gold-copper mineral system.

GoldMining Inc. (NYSEAMERICAN:GLDG) is a public mineral exploration and mine development company that acquires and develops gold and gold-copper assets across the Americas. Rather than directly operating active mines, the company builds and holds a vast, diversified portfolio of resource-stage projects across countries such as Canada, the U.S., Brazil, Colombia, and Peru.

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