5 Cheap Stocks To Buy Now

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1. Kinross Gold Corporation (NYSE: KGC)

Number of Hedge Fund Holders: 36
PE Ratio: 6.66

Kinross Gold ranks 1st on the list of 10 cheap stocks to buy now. The company’s operations include exploring and mining gold, acquiring gold-bearing properties, and extracting gold ores. The company’s assets include Fort Knox, Round Mountain, Bald Mountain, Paracatu, Kupol, Maricunga, Tasiast and Chirano. The company beat Q4 results amid a 25% surge in gold prices in the period. However, production fell 3.3% on a YoY basis.

As of the end of the fourth quarter of 2020, Jim Simons’ Renaissance Technologies owns 38.4 million shares of KGC worth $281.6 million. KGC accounts for 0.3% of Jim Simons’ total portfolio.

You can also take a peek at Tiger Cub Billionaire Stephen Mandel’s Top 10 Stock Picks and Billionaire John Paulson’s Top 10 Stock Picks.

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