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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Ms. Baby Boomer who wrote (47866)	12/9/2013 10:04:52 AM
From: Ms. Baby Boomer	Read Replies (1) of 48092

Call The Fed's Bluff And Profit With A 7.1% Yield... IAMGOLD Corp. ( IAG) IAMGOLD is more than five times the size of Gold Resource, with a market cap of $1.6 billion. Not only is the company much larger than Gold Resource, it's also much more global, headquartered in Ontario with mining operations in Africa and South America. While that carries increased political risk, it also provides IAMGOLD with more production diversification across a larger number of mining assets and regions. This is another miner that has struggled in 2013, with shares down 64% on the year. That has IAMGOLD carrying a dividend yield of 5.9%. [More from InvestingAnswers.com: This Top 10 Stock Is Up 100% In 2 Years... And Is Still a Buy ] That gave IAMGOLD a payout ratio of 46% in the third quarter. Although that is above its average of 29% from 2012, it is well within the range of a sustainable payout ratio. But much like Gold Resource, any upward movement in gold and silver prices will have a big impact on IAMGOLD's financial results and could support both dividend and share price growth. IAMGOLD also looks like a deal. Its forward P/E (price-to-earnings) ratio of 11 times is a sharp discount to its 10-year average of 21 and peer average of 24. If shares traded with the same valuation as its peers, IAMGOLD would jump to $9.60, a 118% increase from current levels.... finance.yahoo.com

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