10 Gold Miners That Pay a Dividend

After the announcement of QE3, investors everywhere began flocking to gold. The precious metal has a number of appealing features, but its most alluring at the moment is its ability to hedge against a flailing dollar. With Bernanke and company slated to print $40 billion per month for an unknown duration, it seems that the greenback is due for a slump. Aside from the metal itself, many investors are also fond of gold equities, as they offer indirect exposure to the commodity, while allowing for advantages like a dividend. Below, we outline 10 gold miners that are currently paying a dividend to consider for your portfolio [for more gold news subscribe to our free newsletter].

Gold Fields Limited (ADR) (NYSE:GFI)

  1. Gold Fields Limited (NYSE:GFI)
    • Dividend Yield: 3.42%
    • Market Cap: $9.4 billion
    • Payout Ratio: 20%
    • Beta: 0.71

    Gold Fields is a South African firm that has proven resources of approximately 217 million ounces of the yellow metal. The stock trades nearly 4 million times each day and is an investor favorite around the world. Unfortunately, the handsome dividend has not been enough to support the stock as it has lost more than 27% in the trailing year as global gold miners have struggled.

  2. Newmont Mining Corp (NYSE:NEM)
    • Dividend Yield: 2.46%
    • Market Cap: $28.1 billion
    • Payout Ratio: 293%
    • Beta: 0.12

    Newmont is one of the biggest names in gold mining as it holds reserves of more than 98 million ounces with over 31,000 square miles of land. The company had been struggling for most of the past year, but turned it on in September as bullishness for gold was renewed. It should be noted that the firm has a current P/E ratio of 121, which may scare off some investors who feel it to be overvalued [see also Three Reasons Why Gold Is Overvalued].

  3. Barrick Gold Corporation (NYSE:ABX)
    • Dividend Yield: 1.90%
    • Market Cap: $41.9 billion
    • Payout Ratio: 15%
    • Beta: 0.28

    Another big name in the gold world, Barrick’s shares trade nearly 8.5 million times each day. The company has a current P/E ratio of 10.2 with EPS of 4.1, suggesting it may be undervalued. Like Newmont, ABX was struggling until the past few weeks, where it has begun to pick up steamperformance-wise.

  4. IAMGOLD Corporation (NYSE:IAG)
    • Dividend Yield: 1.60%
    • Market Cap: $5.9 billion
    • Payout Ratio: 27%
    • Beta: 0.65

    This Canadian exploration firm searches for gold among other coveted assets, giving it a nice appeal among investors. Though the company has been struggling as of late, investors will be happy to see that the firm is not funded by debt and keeps a sizable amount of cash on hand.

  5. Kinross Gold Corporation (NYSE:KGC)
    • Dividend Yield: 1.57%
    • Market Cap: $11.6 billion
    • Payout Ratio: n/a
    • Beta: 0.61

    Trading more than 9 million times per day, Kinross has an established place in the investing world. Unfortunately, its underlying financials suggest a struggle as of late, with EPS of -2 and an abysmal quarterly growth rate of -37% (yoy). This may be a better stock to keep an eye on as opposed to pulling the trigger right away [see also Marc Faber Warns: Store Your Gold Overseas].

  6. Agnico-Eagle Mines Limited (NYSE:AEM)
    • Dividend Yield: 1.56%
    • Market Cap: $8.8 billion
    • Payout Ratio: n/a
    • Beta: -0.03

    Another firm that has had trouble as of late, only to jump up over the past few months. For the time being, AEM’s financials look are a bit shaky, with an EPS of -3.3 and a negative ROE and ROA. But quarterly earnings growth has been solid, making this a good stock to keep an eye onas it looks to turn a corner in the coming months.

  7. AngloGold Ashanti Limited (NYSE:AU)
    • Dividend Yield: 1.35%
    • Market Cap: $1.4 trillion
    • Payout Ratio: 22%
    • Beta: 0.46

    Anglo Ashanti was able to snag gold’s element symbol as their ticker and they were also able to snag a massive market cap of more $1 trillion. Of the stocks on this list, AU may be one of themost volatile, as its price has vaulted back and forth in recent weeks. Those wishing to buy into this firm will need to have a strong stomach as AU tends to move heavily in spite of its low beta.

  8. Compania de Minas Buenaventura SA (NYSE:BVN)
    • Dividend Yield: 1.20%
    • Market Cap: $10.0 billion
    • Payout Ratio: 17%
    • Beta: 0.48

    BVN is based in Lima, Peru and is primarily engaged in the exploration and mining of gold and silver. Their current cash position nearly triples that of their debt, but their earnings growth has been dragging as of late [see also How to Build a GLD-Free Gold Bug Portfolio].

  9. Goldcorp Inc. (NYSE:GG)
    • Dividend Yield: 1.17%
    • Market Cap: $37.6 billion
    • Payout Ratio: 31%
    • Beta: 0.47

    Yet another bellwether gold miner, GG trades hands more than 5 million times each day. The Canadian firm operates mines in Mexico and Argentina along with its home country. Though quarterly earnings growth has been dragging, GG has been able to significantly pick things up in the last few weeks as far as performance is concerned.

  10. Yamana Gold Inc. (NYSE:AUY)
    • Dividend Yield: 1.17%
    • Market Cap: $14.2 billion
    • Payout Ratio: 36%
    • Beta: 0.57

    Yamana has set itself apart by gaining 12.7% in the trailing year where most of its competitors have actually seen their stock prices shrink. Like so many others on this list, AUY’s quarterly growth numbers have been weak, but its performance may draw in those who have been frustrated by the losses suffered by some of the more prominent names in the industry.

This article was originally written by Jared Cummans, and posted on CommodityHQ.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!