Gold futures for the August delivery dropped slightly on Monday 18 after a 2.3% increase from hope for easing from the world’s major central banks. The drop was shielded against by worries about Spain and the increase in their interest rates, according to MarketWatch.
The futures contract traded down to $1,606.90 per ounce early in the trading day, while investors and traders focused on the difficulties that Spain is experiencing. Their 10-year bond yields rose past 7%, which is often referred to as a panic point, according to T & K Futures’ Michael Smith.
The futures were kept higher on threats of a Greek euro exit last week, but the nation’s New Democracy party, who wants to keep the euro, took a narrow victory. Gold is expected to continue to trade higher from the likelihood of easing monetary policy, as well as government policies that will keep real interest rates negative.
Business Section: Investing Ideas
Gold futures contracts will likely continue to see strong gains from euro troubles and government policies. And gold miners and sellers could take advantage of the higher gold prices as well.
These companies carry a lot of risk in relation to gold prices, so firms paying dividends could help to offset some of the risk.
Below is a list of gold stocks paying dividends over 1% with payout ratios under 50%. Do you think these names will rise with the price of the metal?
List sorted by market cap.
1. Barrick Gold Corporation (ABX, Earnings, Analysts, Financials): Engages in the production and sale of gold, as well as related activities, such as exploration and mine development. Market cap at $40.21B, most recent closing price at $38.99. Dividend yield at 1.99%, payout ratio at 11.95%.
2. Goldcorp Inc. (GG, Earnings, Analysts, Financials): Engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. Market cap at $32.12B, most recent closing price at $39.65. Dividend yield at 1.36%, payout ratio at 21.30%.
3. AngloGold Ashanti Ltd. (AU, Earnings, Analysts, Financials): Engages in the exploration and production of gold. Market cap at $14.20B, most recent closing price at $36.37. Dividend yield at 1.28%, payout ratio at 12.63%.
4. Yamana Gold, Inc. (AUY, Earnings, Analysts, Financials): Engages in gold and other precious metals mining, and related activities, including exploration, extraction, processing, and reclamation. Market cap at $12.17B, most recent closing price at $16.31. Dividend yield at 1.35%, payout ratio at 22.85%.
5. Gold Fields Ltd. (GFI, Earnings, Analysts, Financials): Engages in the acquisition, exploration, development, and production of gold properties. Market cap at $9.97B, most recent closing price at $13.49. Dividend yield at 3.21%, payout ratio at 17.64%.
6. Eldorado Gold Corp. (EGO, Earnings, Analysts, Financials): Engages in the discovery, exploration, development, production, and reclamation of gold properties in Brazil, the People’s Republic of China, Greece, and Turkey. Market cap at $9.35B, most recent closing price at $12.59. Dividend yield at 1.37%, payout ratio at 10.01%.
7. IAMGOLD Corp. (IAG, Earnings, Analysts, Financials): Engages in the exploration, development, and production of mineral resource properties worldwide. Market cap at $4.83B, most recent closing price at $12.56. Dividend yield at 1.95%, payout ratio at 22.39%.
8. Gold Resource Corp (GORO, Earnings, Analysts, Financials): Engages in the exploration for and production of gold, silver, precious metals, and base metals, including copper, lead, and zinc primarily in Mexico. Market cap at $1.44B, most recent closing price at $27.13. Dividend yield at 2.60%, payout ratio at 10.69%.
9. Nevsun Resources Ltd. (NSU, Earnings, Analysts, Financials): A natural resource company, together with its subsidiaries, engages in the acquisition, exploration, development, and production of mineral properties. Market cap at $775.51M, most recent closing price at $3.81. Dividend yield at 2.58%, payout ratio at 9.04%.
Written by Danny Guttridge
Use Kapitall’s Tools: Looking for ways to analyze this list?
Use this article snapshot as a launch pad (click here for help): Simply click on the links, and use Kapitall’s tab navigation to browse through the data…
Analyze These Ideas: Getting Started
- Read descriptions for all companies mentioned
- Access a performance overview for all stocks in the list
- Compare analyst ratings for the companies mentioned
- Compare analyst ratings to annual returns for stocks mentioned
- Real-Time Opinion: Scan the latest tweets about these companies (feed will open in a new window)
Dig Deeper: Access Company Snapshots, Charts, Filings
- Barrick Gold Corporation (ABX, Chart, Download SEC Filings)
- Goldcorp Inc. (GG, Chart, Download SEC Filings)
- AngloGold Ashanti Ltd. (AU, Chart, Download SEC Filings)
- Yamana Gold, Inc. (AUY, Chart, Download SEC Filings)
- Gold Fields Ltd. (GFI, Chart, Download SEC Filings)
- Eldorado Gold Corp. (EGO, Chart, Download SEC Filings)
- IAMGOLD Corp. (IAG, Chart, Download SEC Filings)
- Gold Resource Corp (GORO, Chart, Download SEC Filings)
- Nevsun Resources Ltd. (NSU, Chart, Download SEC Filings)
New to Kapitall?
1. New to the site? Click here to register for a free account, and gain access to more tools and data
2. Looking for more investing ideas like this? Click here to sign up for your free copy of Kapitall Weekly
3. Follow us on SeekingAlpha, Motley Fool, Nasdaq and Twitter
ABOUT KAPITALL WIRE
Kapitall Wire, which is not a broker/dealer, offers free cutting edge investing ideas, lively commentary and timely analysis of companies enhanced by interactive tools. And the Investing 101 section breaks complex concepts down to their basics, offering education to novices that doubles as a refresher course for more seasoned investors.
Kapitall Wire is a division of Kapitall Inc. Securities products and services are offered by Kapitall Generation, LLC, member FINRA/SIPC . Kapitall Generation, LLC is a wholly owned subsidiary of Kapitall, Inc.
