5 Best Gold Stocks with Dividends

3. Barrick Gold Corporation (NYSE:GOLD)

Number of Hedge Fund Holders: 35

Dividend Yield as of December 2: 3.53%

Barrick Gold Corporation (NYSE:GOLD) is a Canadian mining company that primarily focuses on gold and copper. The company produces gold and copper from 16 sites. The company was competing with Newmont Corporation (NYSE:NEM) as the biggest gold-producing company up until 2019. In that year, Newmont made a significant acquisition to solidify its position as the top gold-producing company.

On November 21, RBC Capital analyst Josh Wolfson maintained an Outperform rating on Barrick Gold Corporation (NYSE:GOLD) and lowered the firm’s price target to $20 from $27. Wolfson is underpinning the free cash flow upside for the company after 2025 once its major projects are “completed, capital declines, and production increases”.

As of December 2, Barrick Gold Corporation (NYSE:GOLD) had a dividend yield of 3.53%.