5 Oversold Penny Stocks To Buy

2. B2Gold Corp. (NYSE:BTG)

Number of Hedge Fund Holders: 20

B2Gold Corp. (NYSE:BTG) is one of the oversold penny stocks to buy now. This penny stock is also relatively popular among hedge funds, with 20 elite funds in Insider Monkey’s database reporting stakes in B2Gold Corp. (NYSE:BTG) at 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 with a $90 million stake in the company.

B2Gold Corp. (NYSE:BTG) recently posted second quarter results. Adjusted EPS in the period came in at $0.07, in-line with estimates. Revenue in the quarter jumped 232.% year over year to $470.85 million, surpassing estimates by $9.79 million.