In this article, we will take a look at the 5 most undervalued gold stocks to buy according to hedge funds. To see more such companies, go directly to 11 Most Undervalued Gold Stocks To Buy According To Hedge Funds.
5. Sandstorm Gold Ltd. (NYSE:SAND)
Number of Hedge Fund Holders: 16
P/E ratio: 14.55
Canadian gold company Sandstorm Gold Ltd. (NYSE:SAND) is one of the most undervalued gold stocks to buy according to hedge funds. Recently Sandstorm Gold Ltd. (NYSE:SAND) posted its fourth quarter results. Net loss in the quarter totaled $2.1 million. Revenue in the period increased by about 29% on a YoY basis to reach $38.4 million, beating estimates by $0.46 million.
Sandstorm Gold Ltd. (NYSE:SAND) said that based on its existing royalties, attributable gold equivalent ounces for 2023 are expected to be between 85,000 and 100,000 ounces. Sandstorm Gold Ltd. (NYSE:SAND) expects its attributable gold equivalent production to be approximately 140,000 ounces in 2025.
As of the end of the fourth quarter of 2022, 16 hedge funds tracked by Insider Monkey had stakes in Sandstorm Gold Ltd. (NYSE:SAND). The total value of these stakes was about $109 million.
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Author Of this post: Fahad Saleem
Title Of post: 5 Most Undervalued Gold Stocks To Buy According To Hedge Funds
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