15 Best Penny Stocks to Buy According to Billionaires

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8. B2Gold Corp. (NYSEAMERICAN:BTG)

Price: $2.96

Number of Hedge Fund Holders: 19

Number of Billionaire Investors: 7

Total Value of Billionaire Holdings: $158,756,957

B2Gold Corp. (NYSEAMERICAN:BTG) is an international gold producer that operates mines and advanced development projects around the world. Some of its operating mines include Fekola Mine which produces over 400,000 ounces annually and Masbate Mine which produces around 200,000 ounces annually.

In the fiscal fourth quarter of 2024, the company produced 186,001 ounces of gold, this production was aided by strong performance from the Masbate and Otjikoto mines. Moreover, on February 20, analyst Brian Quast from BMO Capital maintained a Buy rating on the stock while keeping the price target at C$7.00. Quast likes the fact that B2Gold Corp. (NYSEAMERICAN:BTG) gold production levels were in line with the expectations. He believes this indicates a reliable production base for the company. Moreover, the cash operating cost of the company was also within the expected range which indicates that management is efficient in cost cutting. It is one of the best penny stocks to buy according to billionaires.

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