13 Best Foreign Dividend Stocks To Buy According to Analysts

5. Barrick Gold Corporation (NYSE:GOLD)

Dividend Yield as of February 12: 2.29%

Number of Hedge Fund Holders: 42

Average Upside Potential: 27.77%

Founded in 1983, Barrick Gold Corporation (NYSE:GOLD) is a Canadian mining company specializing in exploring, producing, and selling gold and copper. It also deals in silver and energy materials. The company increased its gold reserves by 23% in 2024, reaching 89 million ounces, as a result of converting resources at Reko Diq. Since 2019, the company has replaced 180% of its depleted reserves, adding nearly 46 million ounces. On the copper side, reserves shot up by 224% year-over-year to 18 million tonnes, with feasibility studies at Lumwana and Reko Diq confirming them as top-tier projects. Barrick based its 2024 reserves on a gold price of $1,400 per ounce and a copper price of $3.00 per pound.

Barrick Gold Corporation (NYSE:GOLD) had a solid Q4, boosting gold production by 15% and copper production by 33% from the previous quarter, hitting its annual targets. For 2024, the company reported a 69% jump in net earnings to $2.14 billion, a 51% increase in adjusted net earnings to $2.21 billion, and its highest EBITDA in over a decade at $5.19 billion. Operating cash flow grew 20% to $4.49 billion, while free cash flow more than doubled to $1.32 billion. Barrick kept its quarterly dividend steady at $0.10 per share, bringing total annual payouts to $696 million, and spent $498 million buying back shares. The Q4 dividend will be paid on March 17, 2025, to shareholders on record as of February 28, 2025.

Among the hedge funds tracked by Insider Monkey in Q3 2024, 42 funds were bullish on Barrick Gold Corporation (NYSE:GOLD), compared to 43 funds in the last quarter. Jean-Marie Eveillard’s First Eagle Investment Management was the largest stakeholder in the company, with 54.8 million shares worth $1 billion.