Friday, January 11, 2008

Top Yielding Gold Stocks

If you are looking for portfolio protection, gold mining stocks that pay dividends might be the way to go. There are plenty of gold stocks with large market caps over $3 billion and which generate a dividend, so that you can be paid while you are waiting for the stock to increase in price. Here are some dividend paying gold stocks worth investigating. Interestingly, only one of these companies is based in the United States.

Gold Fields Ltd. (GFI), based in South Africa, has a very large market cap of over $10 billion, and generates a yield of 1.5%. P/E is 31 and the PEG is 0.65.

AngloGold Ashanti Ltd. (AU) is another South African company, that also pays 1.5%, and also has a market cap of over $10 billion. Their forward P/E is 22 and the PEG is 1.92.

Newmont Mining Corp. (NEM) is a Colorado based mining company with a market cap of over $20 billion and a yield of 0.8%. They have paid quarterly dividends for 20 years. The forward P/E is 27 and the PEG is 2.25.

Barrick Gold Corp. (ABX) is a Toronto, Canada based company with a $40 billion plus market cap. They yield 0.6%, have a P/E of 45 and a PEG of 3.82.

Compania de Minas Buenaventura SA (BVN), based in Peru, has been paying semi-annual dividends for over ten years. Yield is 0.5% and the P/E is 37.

Goldcorp Inc. (GG) is another Canadian mining company based in Vancouver with a $25 billion plus market cap. They pay a smaller yield of 0.5%, have a P/E of 97 and a PEG of 8.86.

Yamana Gold Inc. (AUY) is another Toronto based company. They have a market cap of $5 billion and they provide a small yield of 0.3%, with a very short dividend track record. Their forward P/E is 51 and a 4.87 PEG.

Agnico-Eagle Mines Ltd. (AEM), yet another Toronto based company, has a market cap of over $8 billion and a similar low yield of 0.3%. Dividends have been paid at least once a year for over 15 years. Their P/E is 70 and a PEG of 5.76.

Randgold Resources Ltd. (GOLD) is based in the Channel Islands but has operations in Africa. The stock, which has a market cap of $3 billion, has a P/E of 74 and a yield of 0.2%.

Author does not own any of the above at the time this was published.

By Fred Fuld at

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