11 Best Gold Stocks for Inflation

9. Gold Fields Limited (NYSE:GFI)

Number of Hedge Fund Holders: 20

Dividend Yield: 2.15%

Gold Fields Limited (NYSE:GFI), with mines operating in South Africa, Australia, Ghana, Peru, Chile, and Canada, is one of the top gold producers. The company boasts more than 20 years of gold reserves, demonstrating its long-term stability, which is crucial during times of economic uncertainty. Thus, as inflation remains high, Gold Fields Limited holds a favorable position to benefit from the increasing gold prices and demand.

The company appears to be a promising investment due to its future stability, as evidenced by its efficient debt management. The company was able to decrease its net debt by $30 million in the quarter ended September 30, 2024, bringing its net debt-to-EBITDA to 0.47x from 0.53x in the prior quarter. Along with debt reduction, Gold Fields Limited (NYSE:GFI) also managed to pay out $152 million in interim dividends in the third quarter while boasting a dividend yield of 2.15% on an annual basis.

As for the stock price, Gold Fields Limited (NYSE:GFI) has experienced a massive surge due to favorable market conditions. The year-to-date increase, as of writing this article, has reportedly been over 28%, while over the past month, the stock has jumped 31.73%. The stock’s return surpassed both the basic materials industry and the broader market’s YTD returns, which were 6.69% and 2.02%, respectively.

Looking ahead, analysts are projecting full-year earnings of $1.25 per share (+36% YoY) and revenue of $5.2 billion (15.6% YoY), indicating positive momentum for the company’s stock amid a favorable gold market. With gold demand staying strong and prices on the rise, the company’s production and cost optimization strategies make it a solid choice for investors looking for long-term value and one of the best gold stocks for inflation.