5 Best Canadian Stocks Under $10

3. Kinross Gold Corporation (NYSE:KGC)

Number of Hedge Fund Holders: 26

Share Price as of July 25: $5.01

Kinross Gold Corporation (NYSE:KGC) focuses on acquiring, exploring, and developing gold properties primarily in the United States, Brazil, Chile, Canada, and Mauritania. The company is involved in extracting and processing gold-containing ores, reclaiming gold mining properties, and producing and selling silver. It is one of the best Canadian stocks to invest in. On May 9, Kinross Gold Corporation (NYSE:KGC) reported a Q1 GAAP EPS of $0.07, beating market estimates by $0.02. The revenue increased 32.6% year-over-year to $929.3 million. However, revenue fell short of Wall Street consensus by $28.01 million. 

According to Insider Monkey’s first quarter database, 26 hedge funds were bullish on Kinross Gold Corporation (NYSE:KGC), compared to 24 funds in the earlier quarter. Ali Motamed’s Invenomic Capital Management is the largest stakeholder of the company, with 5.3 million shares worth $25.3 million.