Top 10 Gold Stocks with Dividends

3. Barrick Gold Corporation (NYSE:GOLD)

Number of Hedge Funds Holders: 44

Barrick Gold Corporation (NYSE:GOLD) is active in mine developments, exploration, production, and sale of gold and copper properties. The company has an ownership interest in gold mines across the globe, such as the United States, Canada, Argentina, and more, along with copper assets in Zambia, Chile, and Saudi Arabia.

With adjusted net earnings per share climbing by 50% year-over-year to $1.26, Barrick Gold Corporation (NYSE:GOLD) demonstrated a strong performance in Q4 and full-year 2024 ended December 31, 2024. Full-year free cash flow witnessed a twofold increase to $1.3 billion, while EBITDA jumped by 30%. Backed by a strong contribution from Nevada, gold production increased by 15% quarter-over-quarter. Barrick was able to fulfill its production targets for both metals as copper production at Lumwana also achieved record levels.

Moreover, Barrick Gold Corporation (NYSE:GOLD) has declared a quarterly dividend of $0.10 per share for Q4 2024. Its commitment to shareholder returns is demonstrated by its repurchase of 28.675 million shares throughout the year, including 21 million in Q4.

Furthermore, the company reached an aggregate of 89 million ounces of proven and probable reserves by replacing 180% of its annual gold depletion, which added 17.4 million ounces to the total. Owing to the Reko Diq and Lumwana Super Pit Expansion projects, the copper reserves witnessed a 224% rise. Also, Barrick Gold Corporation (NYSE:GOLD) demonstrated the fourth consecutive year of gold reserve replacement at a higher grade, solidifying its focus on organic growth.

With $78 million allotted to 2035, the pre-feasibility study for the Fourmile project is advancing in North America. At Cortez, the company is developing the Robertson open pit project and Hansen extension. With recovery rates anticipated to enhance to 90% by 2026, Pueblo Viejo in Latin America is on the right path to achieve 14 million tons per year of throughput by 2028. Meanwhile, the Reko Diq project has acquired conditional approval for development as its feasibility study has been concluded, setting the company up for robust growth in the coming time.

Fueled by robust financial performance and strategic growth initiatives, the stock has gained 21.47% year-to-date. Barrick Gold Corporation (NYSE:GOLD) maintains a strong position among the Best Gold Stocks to Buy with its key projects such as Reko Diq, Pueblo Viejo, and Fourmile, and its disciplined capital allocation.