We recently published a list of 10 Best Gold Penny Stocks to Buy Now. In this article, we are going to take a look at where B2Gold Corp. (NYSE:BTG) stands against other best gold penny stocks to buy now.
The global precious metals market is influenced by economic uncertainty, inflation, and shifting supply and demand patterns. The Business Research Company projects that the global metals market will grow at a CAGR of 5.9% through 2025. The mining sector is expanding at a CAGR of 6.2%, outpacing the broader metals market, and is expected to reach $2,401.85 billion.
Gold prices set new records in 2025, with Reuters reporting spot gold at $2,936.38 per ounce on March 3 and U.S. gold futures at $2,956.10. Central banks are stockpiling gold, which is driving up demand at record rates. Furthermore, investors seek gold as a safe haven during periods of inflation. S&P Global reports that gold futures grew by 34.6% year-over-year as of March 7, 2025, outpacing broader market indices. These trends are reshaping the gold market’s role in finance.
Supply and demand patterns are also shifting as gold now flows from Asian hubs such as Dubai and Hong Kong to the U.S., driven by higher premiums in U.S. futures markets and fears of import tariffs. U.S. Comex gold inventories have jumped 80% since late 2024, and investors are responding to better pricing and arbitrage opportunities.
Meanwhile, silver prices have also surged, reaching $30 per ounce in 2024, the highest since 2011. This increase was driven by inflation, geopolitical instability, and a weaker U.S. dollar. The Silver Institute expects the total silver demand to reach 1.20 billion ounces in 2025 while fabrication demand will exceed 700 million ounces for the first time. Additionally, silver recycling is expected to rise 5% to over 200 million ounces, the highest since 2012.
Platinum supply remains tight, with global production forecast to rise marginally by 0.76% in 2025, reaching 7.32 million ounces, leaving a supply gap of 539,000 ounces. Refined platinum production is expected to fall by 1%, reaching 5.55 million ounces versus 5.63 million in 2024. South Africa’s declining output worsens this shortfall.
Despite these obstacles, technological advances offer some hope. AI-driven exploration has cut mine development time from 16 years to nine. According to KPMG Mining Outlook 2024, geophysical data analysis now takes weeks instead of years. New refining technologies like bioleaching and cyanide-free processing improve efficiency and sustainability, ensuring more secure long-term precious metal supplies.
Our Methodology
To compile a list of the 10 Best Gold Penny Stocks to Buy Now, we first sifted through ETFs and stock screener to gather the top mining stocks under $5. We then selected the 10 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them as of Q4 2024. The hedge fund data was sourced from Insider Monkey’s database, which tracks the moves of over 1,000 elite hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Aerial view of a gold mine in Mali, showing the scale of the mining operations.
B2Gold Corp. (NYSE:BTG)
Number of Hedge Fund Holders: 19
B2Gold Corp. (NYSE:BTG) is a major gold producer based in Vancouver, maintaining strong operations across Mali, Namibia, and the Philippines. The company is developing its promising Goose Project in northern Canada while exploring opportunities in Mali, Colombia, and Finland. With expanding production capabilities and solid financials, B2Gold is cementing its position in the global gold mining industry as one of the best penny stocks.
For the year ending December 31, 2024, B2Gold Corp. (NYSE:BTG) produced 804,778 ounces of gold, falling at the lower end of its production guidance due to delays in accessing high-grade ore at the Fekola mine. Strong output from the Masbate and Otjikoto mines helped achieve 186,001 ounces in Q4 of 2024. Despite Fekola’s challenges, quarterly earnings remained stable, with an adjusted net income of $0.01 per share. Operating cash flow reached $145 million, boosted by rising gold prices, while full-year cash reserves stood at $337 million after fully repaying a $400 million credit facility.
Despite B2Gold Corp.’s (NYSE:BTG) 2024 challenges, the company is positioned for expansion in 2025. The Goose Project is set to launch in Q2 2025, aiming to produce over 300,000 ounces of gold annually. At Otjikoto, exploration of the Antelope deposit added 327,000 ounces to resources, boosting growth potential. Progress in Colombia continues with the Gramalote Project, which is expected to have a feasibility study completed by mid-2025 and a possible annual output of 234,000 ounces.
With the Goose Project ramping up and the regional expansion of Fekola advancing, B2Gold expects production to rebound in 2025. The company continues rewarding shareholders, declaring a Q1 2025 dividend of $0.02 per share. As these developments unfold, B2Gold Corp. (NYSE:BTG) is well-positioned for long-term growth.
Overall, BTG ranks 4th on our list of best gold penny stocks to buy now. While we acknowledge the potential of BTG, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BTG but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.