5 Best US Stocks To Invest In Under $10

4. Kinross Gold Corporation (NYSE:KGC)

Number of Hedge Fund Holders: 35

Kinross Gold Corporation (NYSE:KGC) is a Canadian-based mining company established in 1993. It is primarily involved in the extraction and processing of gold and silver. In the Q3 report of 2023, the company made a substantial contribution of $10 million, comprising both monetary and in-kind contributions, along with other site investments. Tasiast, Paracatu and La Coipa accounted for nearly 70% of production and were the most cost-effective mines in the portfolio, driving significant cash flows.

Kinross Gold Corporation (NYSE:KGC) is considered one of the best American stocks to buy now, as it has made significant strides in improving its financial position. Q4 2023 earnings call transcript shows that the company has repaid $190 million of debt. And it ended the year with approximately $350 million in cash and $1.9 billion in total liquidity.

Israel Englander’s Millennium Management has the largest stake in the company, with shares amounting to 6.5 million and a net worth of approximately $39.1 million. From Insider Monkey’s database of the top 933 hedge funds, 35 shares were held by Kinross Gold Corporation (NYSE:KGC) in Q4 of 2023.