5 Most Undervalued Gold Stocks To Buy According To Hedge Funds

1. Yamana Gold Inc. (NYSE:AUY)

Number of Hedge Fund Holders: 33

P/E ratio: 19.04

Yamana Gold Inc. (NYSE:AUY) is a Canadian mining company that has gold, silver and copper mining operations. Yamana Gold Inc. (NYSE:AUY) is one of the most undervalued gold names to buy according to hedge funds. Insider Monkey’s proprietary database of 943 hedge funds shows that 33 hedge funds had stakes in Yamana Gold Inc. (NYSE:AUY) as of the end of the fourth quarter of 2022, up from 31 hedge funds in the previous quarter. The biggest stakeholder of Yamana Gold Inc. (NYSE:AUY) during this period was John Overdeck and David Siegel’s Two Sigma Advisors which had a $71 million stake in the firm.

In January, Yamana Gold Inc. (NYSE:AUY) announced that for FY 2022, its gold equivalent production totaled 1.01 million oz, beating guidance of 1 million oz. Yamana Gold Inc. (NYSE:AUY) also said that its all-sustaining costs in the period were expected to come in at $1,125/GEO, more than $932/GEO in the previous year but “generally in line” with its guidance.

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