5 Small-Cap Mining Stocks Hedge Funds Are Avoiding

In this piece, we will take a look at the five small-cap mining stocks hedge funds are avoiding. For more stocks, head on over to 10 Small-Cap Mining Stocks Hedge Funds Are Avoiding.

5. DRDGOLD Limited (NYSE:DRD)

Hedge Fund Investors In Q4 2022: 6

DRDGOLD Limited (NYSE:DRD), as the name suggests, is a gold mining company headquartered in Johannesburg, South Africa. The firm extracts and processes gold primarily in its home country. It is also one of the oldest companies on our list since it was set up in 1895. DRDGOLD Limited (NYSE:DRD) is a subsidiary of the multinational mining giant Sibanye-Stillwater.

As of last year’s fourth quarter, six of the 943 hedge funds profiled by Insider Monkey had held a stake in DRDGOLD Limited (NYSE:DRD). Out of these, the firm’s largest investor is Jim Simons’ Renaissance Technologies which owns 847,913 shares that are worth $6.2 million.

4. Ivanhoe Electric Inc. (NYSE:IE)

Hedge Fund Investors In Q4 2022: 6

Ivanhoe Electric Inc. (NYSE:IE) is a Canadian firm headquartered in Vancouver, British Columbia. It explores metals that are used primarily in electricity conduction, such as copper, nickel, and palladium.

Insider Monkey’s fourth quarter of 2022 survey covering 943 hedge funds revealed that six had invested in the firm. Ivanhoe Electric Inc. (NYSE:IE) announced in January 2023 that it had partnered up with the Saudi government to explore hard to find minerals.

3. Nexa Resources S.A. (NYSE:NEXA)

Hedge Fund Investors In Q4 2022: 4

Nexa Resources S.A. (NYSE:NEXA) is a zinc mining and smelting company headquartered in Luxembourg City, Luxembourg. The firm produces zinc and its compounds, alongside other metals such as gold and silver. Its facilities are primarily located in regions of Brazil and Peru.

Four of the 943 hedge funds part of Insider Monkey’s database had bought Nexa Resources S.A. (NYSE:NEXA)’s shares in Q4 2022. Jim Simons’ Renaissance Technologies is the firm’s largest shareholder since it owns 370,234 shares that are worth $2.2 million.

2. United States Lime & Minerals, Inc. (NASDAQ:USLM)

Hedge Fund Investors In Q4 2022: 4

United States Lime & Minerals, Inc. (NASDAQ:USLM) is the only American firm on our list since it is based in Dallas, Texas. It is also the only limestone production company covered here, as it extracts the material from both quarries and an underground mine.

Insider Monkey dug through 943 hedge funds for their December quarter of 2022 investments and found out that four had held a stake in the company. Out of these, United States Lime & Minerals, Inc. (NASDAQ:USLM)’s largest investor is Jim Simons’ Renaissance Technologies with a $23 million stake courtesy of 169,410 shares.

1. Orla Mining Ltd. (NYSE:ORLA)

Hedge Fund Investors In Q4 2022: 4

Orla Mining Ltd. (NYSE:ORLA) is a gold, silver, zinc, lead, and copper exploration firm. It is headquartered in Vancouver, British Columbia.

As of December 2022, four of the 943 hedge funds surveyed by Insider Monkey had invested in Orla Mining Ltd. (NYSE:ORLA). The firm’s largest investor is Prem Watsa’s Fairfax Financial Holdings with a $42 million stake.

Disclosure: None. You can also take a look at 12 Best Canadian Stocks To Buy and Hold and 12 Best Silver Mining Stocks To Buy Now.

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