12 Best Middle East and Africa Stocks To Buy Right Now

5. Gold Fields Limited (NYSE:GFI)

Number of Hedge Fund Investors: 22

Gold Fields Limited (NYSE:GFI) is a globally recognized gold mining company with a robust and diverse portfolio of assets strategically positioned across key mining regions, including South Africa, South America (Chile and Peru), Ghana, Australia, and Canada.

Gold Fields Limited (NYSE:GFI) has been proactively addressing several operational hurdles stemming mainly from persistent issues at the South Deep mine in South Africa and the Gruyere mine in Australia, as well as delays in the production ramp-up at the highly anticipated Salares Norte project in Chile. The company demonstrated notable improvements in Q3, reporting gold production of 510,000 ounces. This figure marks a recovery from the 454,000 ounces produced in Q2, though it still represents a decline compared to the 542,000 ounces achieved in the same quarter of the previous year.

Gold Fields Limited (NYSE:GFI) is also exploring the possibility of divesting its smaller and less efficient mining assets in Ghana and Peru. This potential move is part of a broader strategy to concentrate resources and capital on larger, higher-yielding operations that offer stronger long-term growth prospects. Additionally, the company plans to leverage opportunities arising from its recent acquisition of Osisko Mining’s assets, which are anticipated to further strengthen its portfolio and enhance production capabilities in the coming years.