Stocks On the Rise: 10 Best Stocks to Buy Right Now

7) Gold Fields Limited (NYSE:GFI)

% Gain on a YTD Basis: ~43.6%

Market cap as on March 6: ~$18.04 billion

Number of Hedge Fund Holders: 24

Gold Fields Limited (NYSE:GFI) operates as a gold producer. Bank of America Securities analyst Jason Fairclough reiterated a “Buy” rating on the company’s stock, setting a price objective of $20.00. The analyst’s rating is backed by a combination of factors that highlight the company’s recent performance and strategic developments. One significant reason is Gold Fields Limited (NYSE:GFI)’s FY 2024 gold production, which surpassed the consensus expectations by 2% and remains in line with Bank of America’s projections despite a YoY decrease. Notably, group attributable gold-equivalent production for 2024 was 10% lower YoY and came in at 2,071koz. The decline was because of reduced production in the H1 of the year, particularly at Gruyere, South Deep, Salares Norte and Cerro Corona.

Furthermore, the All-in Sustaining Cost (AISC) was slightly above the consensus but remained below Bank of America’s forecast, reflecting potential cost efficiency improvements. Notably, the Group AISC (including Asanko) rose 26% from US$1,295/oz in 2023 to US$1,629/oz in 2024. The analyst has noted the growth potential from future projects such as the Windfall project in Canada and the Tarkwa/Iduapriem JV in Ghana. Also, the favorable outlook on the gold market, with anticipations of price increases aided by ongoing uncertainties and higher global debt levels, further strengthens the recommendation on Gold Fields Limited (NYSE:GFI)’s stock. For 2025, Gold Fields Limited (NYSE:GFI) expects attributable gold equivalent production to be between 2.250Moz and 2.450Moz.