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.

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!