5 Best Canadian Penny Stocks to Buy Now

2. B2Gold Corp. (NYSE:BTG)

Number of Hedge Fund Holders: 20

Another gold mining company in our list, B2Gold Corp. (NYSE:BTG) is a dividend-paying penny stock with a high dividend yield. B2Gold Corp. (NYSE:BTG)’s CEO recently said in an interview with Reuters that B2Gold Corp. (NYSE:BTG) will consider opportunities to acquire more gold assets to accelerate growth even after its recent purchase of Sabina Gold.

A total of 20 hedge funds in Insider Monkey’s database reported having stakes in B2Gold Corp. (NYSE:BTG) as of the end of the first quarter of 2023. The biggest stakeholder of B2Gold Corp. (NYSE:BTG) was First Eagle Investment Management of Jean-Marie Eveillard which owns a $90 million stake in the company.