5 Most Undervalued Gold Stocks To Buy According To Hedge Funds

3. Gold Fields Limited (NYSE:GFI)

Number of Hedge Fund Holders: 17

P/E ratio: 9.29

Headquartered in South Africa, Gold Fields Limited (NYSE:GFI) is one of the biggest gold mining companies in the world. Recently, Gold Fields Limited (NYSE:GFI) posted its FY 2022 results. Adjusted EPS in the year came in at $1.19, beating estimates by $0.21. Revenue in the quarter jumped about 2.1% on a YoY basis to reach $4.29 billion, beating estimates by $250 million.

For 2023, Gold Fields Limited (NYSE:GFI) expects attributable gold equivalent production (excluding Asanko) to total between 2.25Moz – 2.30Moz.

As of the end of the fourth quarter of 2022, 17 out of the 943 elite hedge funds tracked by Insider Monkey had reported owning shares of Gold Fields Limited (NYSE:GFI). The net worth of these hedge fund stakes was about $385 million. The biggest stakeholder of Gold Fields Limited (NYSE:GFI) during this period was William B. Gray’s Orbis Investment Management which had a $148.5 million stake in the company.