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5 Best Gold Stocks With Dividends

This article presents an overview of the 5 Best Gold Stocks With Dividends. For a detailed overview of such stocks, read our article, 12 Best Gold Stocks With Dividends.

5. Franco-Nevada Corp (NYSE:FNV)

Number of Hedge Fund Investors: 27

Franco-Nevada Corp (NYSE:FNV) ranks 5th in our list of the best gold stocks with dividends. Last month Franco-Nevada Corp (NYSE:FNV) posted third quarter results. Adjusted EPS in the three-month period came in at $0.91, above the analyst consensus by $0.02. Revenue inched up by about 1.7% year over year to $309.5 million, missing estimates by $13.84 million.

4. Kinross Gold Corporation (NYSE:KGC)

Number of Hedge Fund Investors: 29

Canadian gold and silver mining company Kinross Gold Corporation (NYSE:KGC) ranks 4th in our list of the best gold stocks with dividends.

A total of 29 hedge funds in Insider Monkey’s database of 910 hedge funds had stakes in Kinross Gold Corporation (NYSE:KGC).

3. Barrick Gold Corp (NYSE:GOLD)

Number of Hedge Fund Investors: 36

Canadian-based gold and copper mining company Barrick Gold Corp’s (NYSE:GOLD) adjusted EPS in the third quarter came in at $0.24, beating estimates by $0.04. Revenue jumped about 13% year over year to $2.86 billion.

President and CEO of Barrick Gold Corp (NYSE:GOLD), Mark Bristow, during Q3 earnings call, talked about Barrick Gold Corp’s (NYSE:GOLD) dividend policy, among other things:

“…  it stands that we pay a base dividend of $0.10 a quarter anytime because our long-term business strategy delivers that base dividend no matter what the gold price is or what the most foreseeable gold price or minimum gold price is. And then once we get a net positive cash position, we add to that $0.10.

Now the way we can manage that is and we won that because we are in the growth phase. And I have proven before, and I am determined to prove it again. If you keep investing into profitable assets, ultimately, you make more money than you need to reinvest in your future. And that is what happened in Randgold after 10-years, and we had … of growing dividends no matter what the gold price was. And so, the way we can manage that, buyback relative to dividend is when we see the trajectory going above net cash, we have a choice. Buyback the stock or let it go past that point. And then at the end of the quarter, if we have got net cash, we it triggers our dividend policy. So that, as management, we can manage that and we never put the balance sheet at risk.”

Read the entire earnings call transcript here.

2. Agnico Eagle Mines Ltd (NYSE:AEM)

Number of Hedge Fund Investors: 38

Headquartered in Canada, Agnico Eagle Mines Ltd (NYSE:AEM) has operations in Australia, Mexico, Finland and Canada. In October Agnico Eagle Mines Ltd (NYSE:AEM) posted Q3 results. Adjusted EPS in the period came in at $0.44 surpassing estimates by $0.02.

A total of 38 hedge funds in Insider Monkey’s database had stakes in Agnico Eagle Mines Ltd (NYSE:AEM). The biggest stakeholder of Agnico Eagle Mines Ltd (NYSE:AEM) was Jean-Marie Eveillard’s First Eagle Investment Management which owns a $283 million stake in Agnico Eagle Mines Ltd (NYSE:AEM).

1. Newmont Corporation (NYSE:NEM)

Number of Hedge Fund Investors: 49

With a dividend yield of about 4% and 49 hedge fund investors, Newmont Corporation (NYSE:NEM) tops our list of the best gold stocks with dividends according to smart money investors.

As of the end of the third quarter of 2023, 49 hedge funds in Insider Monkey’s database were long Newmont Corporation (NYSE:NEM). The biggest stakeholder of Newmont Corporation (NYSE:NEM) was Jean-Marie Eveillard’s First Eagle Investment Management which owns a $675 million stake in Newmont Corporation (NYSE:NEM).

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also look at the 11 Best Canadian Gold Stocks To Buy Now, and the 11 Cheap Gold Stocks To Buy According to Analysts.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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