5 Best Stocks Under $20 According to Jim Simons’ Renaissance Technologies

In this piece, we will take a look at the five best stocks under $20 to invest in according to Jim Simons’ Renaissance Technologies. If you want to learn more about Mr. Simons and his fund’s trading strategies, then head on over to 10 Best Stocks Under $20 According to Jim Simons’ Renaissance Technologies.

5. Kinross Gold Corporation (NYSE:KGC)

Renaissance Technologies’ Stake Value: $145 million

Percentage of Renaissance Technologies’ 13F Portfolio: 0.18%

Number of Hedge Fund Holders: 31

Share Price as of December 12: $6.13

Kinross Gold Corporation (NYSE:KGC), as the name suggests, is a gold mining company headquartered in Toronto, Canada. The firm has gold mining properties in which it has invested, developed, and operates in the United States, Russia, Brazil, Chile, and other countries.

Renaissance Technologies owned 24 million Kinross Gold Corporation (NYSE:KGC) shares during Q4 2021. These were worth $145 million and represented 0.18% of its investment portfolio. During the same time period, 31 of the 924 hedge fund holdings analyzed by Insider Monkey contained the company’s stock.

Kinross Gold Corporation (NYSE:KGC) reported $879 million in revenue and $0.08 in non-GAAP EPS for its fourth fiscal quarter, beating analyst EPS estimates but missing them for revenue. Jefferies raised its price target to $6 from $5.5 in March 2022, stating that the sector as a whole is poised for strong growth.

Kinross Gold Corporation (NYSE:KGC)’s largest investor after Renaissance is Eric Sprott’s Sprott Asset Management which owns 8.2 million shares worth $47 million.