5 Best Gold Stocks with Dividends

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In this article, we discuss the 5 best gold stocks with dividends. To read the detailed analysis of the gold segment, go directly to the 10 Best Gold Stocks with Dividends.

5. Gold Fields Limited (NYSE:GFI)

Number of Hedge Fund Holders: 24

Dividend Yield as of December 2: 3.02%

Gold Fields Limited (NYSE:GFI) is one of the best gold stocks with dividends. It is a South African company with diversified operations across Africa, Australia, and the Americas. The company recently received $300 million from Yamana Gold Inc. (NYSE:AUY) as an acquisition termination fee.

Gold Fields Limited (NYSE:GFI) provided its operational update for the September quarter on November 3. The company reported 597,000 of gold equivalent production and $1,061 of all-in-sustaining costs. The company generated a revenue of $1.699 billion, excluding the Asanko project where Gold Fields Limited (NYSE:GFI) holds 45% ownership. The management believes that it’s on track to achieve its gold production guidance that was provided at the beginning of the year. Gold Fields Limited (NYSE:GFI) expects its FY 2022 attributable gold equivalent production to be in the range of 2.25 – 2.29 million ounces. These figures do not include the production at the Asanko project.

Gold Fields Limited (NYSE:GFI) pays semi-annual dividends and has a dividend yield of 3.02% as of December 2. 

Here is what Baron Funds specifically said about Gold Fields Limited (NYSE:GFI) in its Q2 2022 investor letter:

“Gold Fields Limited (NYSE:GFI) is an established gold producer based in South Africa with a diversified global portfolio of precious metals assets. Shares fell due to the pullback in gold prices and the company’s announced acquisition of gold producer Yamana Gold at a large premium. We are positive on gold prices and expect continuous improvements in Gold Fields’ cash costs. We expect at least 50% production growth over the next decade as the company ramps up volumes, including Yamana’s high-quality development projects in Chile, Canada, and Brazil.”

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