Eight Ways to Add Gold to Your Portfolio
Posted on Jun 8th, 2007 with stocks: ABX, AEM, AU, AUY, BVN, GDX, GFI, GG, GLD, IAU, NEM
gold.seekingalpha.com
Stockerblog submits: Many investors turn to gold stocks as protection against inflation, rising interest rates, and a falling stock market. So when looking for gold stocks, you may want to consider those with large market caps over $4 billion and which pay a dividend, as it is nice to be paid while you are waiting for a stock to rise.
Here are some gold stocks worth checking out to see if they sparkle. Fortunately, you can get global diversification by choosing companies from around the world.
Compania de Minas Buenaventura SA (BVN), is based in Peru, and has been paying semi-annual dividends for ten years. It has a yield of 2.1% and a P/E of 12.5.
Gold Fields Ltd. (GFI) is based in South Africa, and has a very large market cap of $10.80 billion. It generates a yield of 1.5%. It has a P/E of 27.5, and a PEG of .66.
AngloGold Ashanti Ltd. (AU) is another South African company. It also has a market cap of over $10 billion, and generates a yield of 1.5%. Its has a P/E of 225, and a PEG of 1.
Newmont Mining Corp. (NEM) is a Colorado-based mining company with a market cap of $18.51 billion, and a yield of 1%. It has paid quarterly dividends for 20 years. It has a P/E of 28, and a PEG of 1.7.
Barrick Gold Corp. (ABX) is a Toronto, Canada-based company with a $24.86 billion market cap. It pays a yield of 1%. It has a P/E of 21.9, and a PEG of .9.
Goldcorp Inc. (GG) is another Canadian mining company. It is based in Vancouver and has a $17.43 billion market cap. It pays a smaller yield of 0.7%. It has a P/E of 28, and a PEG of 3.2.
Yamana Gold Inc. (AUY) is another Toronto-based company. It has a market cap of $4.87 billion, and provides a small yield of 0.3%, with a very short dividend track record. Its forward P/E is 11.2.
Agnico-Eagle Mines Ltd. (AEM) is yet another Toronto-based company, with a market cap of $4.50 billion, and a similar low yield of 0.3%. It has paid dividends at least once a year for over 15 years. Its P/E is 29.5.
Disclosure: The author does not own any of the above.
Editor's note: In addition to gold stocks, gold bullion ETFs (GLD) and (IAU) and the gold miners' ETF (GDX) are worth considering. |
