7 Penny Stocks with Low Forward P/E Ratios

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1. B2Gold Corp. (NYSE:BTG)

Price Per Share: $5

Number of Hedge Fund Holders: 37

B2Gold Corp. (NYSE:BTG) is among the penny stocks with low forward P/E ratios to look for.

Over the past one year, through February 3, B2Gold Corp. (NYSE:BTG) shares have returned a remarkable 107.50%. Year-to-date, BTG shares have soared over 10%, despite Gold experiencing a record dip of 9.5% in a single day on Friday. Silver leaped downward to 30%, recording its worst day in history.

On January 26, TheFly reported that Scotiabank lifted the price target on B2Gold Corp. (NYSE:BTG) from C$8 to $C10, or $5.91 to $7.39. Ovais Habib from Scotiabank keeps a Sector Perform rating on the stock. BTG trades at 6.51x its forward earnings.

In another analyst price update on January 14, Raymond James analyst Judith Elliott raised B2Gold’s price target from $6 to $6.50 while maintaining her Outperform rating. Elliott remains bullish on B2Gold following an updated target on the mining group, indicating new commodity price forecasts for the precious and base metals complex. The analyst has raised gold and silver price estimates amid continued economic and political uncertainty.

B2Gold Corp. (NYSE:BTG) is a Canadian gold producer. The company owns 100% stake in the Gramalote gold project in Colombia, along with operations in the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia.

While we acknowledge the potential of BTG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BTG and that has 100x upside potential, check out our report about this cheapest AI stock.

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