5 Best High-Risk High-Reward Stocks To Buy Now

In this article, we discuss the 5 best high-risk high-reward stocks to buy now. If you want to read about some more aggressive stocks, go directly to the 10 Best High-Risk High-Reward Stocks To Buy Now.

5. IAMGOLD Corporation (NYSE:IAG)

Number of Hedge Fund Holders: 12

IAMGOLD Corporation (NYSE:IAG) is a mid-tier gold mining company that operates in three regions globally: North America, South America and West Africa, with a target production of 570,000 – 640,000 attributable ounces of gold in 2022 from Burkina Faso, Suriname and Canada.

On December 20, Stifel analyst Ingrid Rico upgraded IAMGold Corporation (NYSE:IAG) to Hold from Sell with a price target of C$3.25, up from C$2.50. According to the analyst, IAMGold has addressed its significant funding risk following three transactions, and is shifting now to execution and delivery of Cote while regaining its operational track-record. Rico now sees the company having filled its funding gap with proceeds from asset sales and financing arrangements.

On November 8, IAMGOLD Corporation (NYSE:IAG) posted earnings for the third quarter of 2022, reporting earnings per share of -$0.03, in-line with market estimates. The revenue over the period was $343.3 million, up 16.73.0% compared to the revenue over the same period last year and beating market estimates by $50.26 million.

According to Insider Monkey’s third quarter database, David Iben’s Kopernik Global Investors is the leading shareholder of the company, with more than 23.8 million shares worth $25.47 million. Overall, 12 hedge funds reported holdings stakes in the company as of Q3 2022.