5 Most Undervalued Gold Stocks To Buy According To Hedge Funds

2. Kinross Gold Corporation (NYSE:KGC)

Number of Hedge Fund Investors In Q3 2023: 29

Latest P/E Ratio: 29.73

Kinross Gold Corporation (NYSE:KGC) is a Canadian gold mining company with operations in Brazil, Canada, and other countries. The firm has done well on the financial front as of late since it has beaten analyst EPS estimates in all four of its latest quarters.

For their shareholdings during this year’s September quarter, 29 out of the 910 hedge funds covered by Insider Monkey’s research had invested in the company. Kinross Gold Corporation (NYSE:KGC)’s largest hedge fund investor is Jim Simons’s Renaissance Technologies as it owns $128 million worth of shares.

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