5 Best Canadian Penny Stocks to Buy Now

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1. Kinross Gold Corporation (NYSE:KGC)

Number of Hedge Fund Holders: 26

Canadian gold and silver mining company Kinross Gold Corporation (NYSE:KGC) tops our list of the best Canadian penny stocks to buy now according to hedge funds since 26 hedge funds in Insider Monkey’s database had stakes in the company as of the end of the first quarter of 2023. The biggest stakeholder of Kinross Gold Corporation (NYSE:KGC) during this period was Ali Motamed’s Invenomic Capital Management which had a $25.4 million stake in the company.

In June, Bloomberg reported that Kinross Gold Corporation (NYSE:KGC) recently rejected a takeover approach by Endeavour Mining (OTCQX:EDVMF).

You can also take a peek at 15 Worst Performing NASDAQ Stocks In 2023 and 10 Best Small Cap Automotive Stocks To Buy.

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