In this article, we will be taking a look at the 5 best gold stocks with dividends. To read our detailed analysis of dividend investing, you can go directly to see the 10 Best Gold Stocks with Dividends.
5. Agnico Eagle Mines Limited (NYSE:AEM)
Number of Hedge Fund Holders: 29
Dividend Yield: 2.7%
Agnico Eagle Mines Limited (NYSE:AEM) is another Canadian company engaged in exploring, developing, and producing mineral properties. The company operates in Canada, Sweden, and Finland, and ranks fifth on our list of the best gold stocks with dividends.
In October, RBC Capital analyst Josh Wolfson upgraded shares of Agnico Eagle Mines Limited (NYSE:AEM) from Sector Perform to Outperform.
Agnico Eagle Mines Limited (NYSE:AEM), in their third-quarter earnings report, had an EPS of $0.60, in line with estimates. Their revenue was $974.07 million, beating the previous quarter’s revenue of $966.32 million.
Our data shows that in the second quarter of 2021, 29 hedge funds held stakes in Agnico Eagle Mines Limited (NYSE:AEM) worth $235 million. In the previous quarter, 28 held stakes in the company worth $247 million.
4. AngloGold Ashanti Limited (NYSE:AU)
Number of Hedge Fund Holders: 12
Dividend Yield: 2.8%
AngloGold Ashanti Limited (NYSE:AU), a gold mining company based in South Africa, ranks fourth on our list, being among the best gold stocks with dividends. The company produces not only gold, but also silver, uranium, and sulphuric acid, alongside dóre bars.
This October, RBC Capital’s Tyler Broda reiterated a Sector Perform rating on shares of AngloGold Ashanti Limited (NYSE:AU).
The earnings history for AngloGold Ashanti Limited (NYSE:AU) shows that in its second-quarter report, it had an EPS of $0.38. The company’s revenue was reported at $722 million, up 10.40% year over year and beating the previous quarter’s revenue of $677 million.
In the second quarter of 2021, 12 hedge funds held stakes in AngloGold Ashanti Limited (NYSE:AU), worth about $372 million. Comparatively, in the previous quarter, 14 hedge funds held stakes in the company. The total value of their stakes was $319 million.
3. Yamana Gold Inc. (NYSE:AUY)
Number of Hedge Fund Holders: 16
Dividend Yield: 3%
Yamana Gold Inc. (NYSE:AUY), alongside its subsidiary companies, works as a producer of precious metals. The company has gold and silver production and development stage properties, exploration properties, and land positions in the Americas. It ranks third on our list of the best gold stocks with dividends.
In August, Canaccord analyst Carey MacRury reiterated a Buy rating on shares of Yamana Gold Inc. (NYSE:AUY).
In their latest third-quarter earnings report, Yamana Gold Inc. (NYSE:AUY) had an EPS of $0.04. The company’s revenue was $452.20 million, up 2.91% year over year and beating the previous quarter’s $437.40 million figure.
Yamana Gold Inc. (NYSE:AUY) had about 16 hedge funds holding stakes in it in the second quarter, worth $129 million. The company also had 21 hedge funds holding stakes in it in the previous quarter, worth about $157 million.
2. Gold Fields Limited (NYSE:GFI)
Number of Hedge Fund Holders: 17
Dividend Yield: 3.13%
Gold Fields Limited (NYSE:GFI), another South African gold producer, is next on our list and ranks second. The company is among the best gold stocks with dividends and has reserves and resources in Chile, South Africa, Ghana, West Africa, Australia, and Peru. It also explores for copper deposits.
In October, RBC Capital analyst Josh Wolfson upgraded Gold Fields Limited (NYSE:GFI) shares from Sector Perform to Outperform.
The company’s second-quarter earnings report showed an EPS of $0.49 beating estimates by $0.02. The company’s revenue was $1.98 billion, up 13.1$ year over year.
Out of 873, 17 hedge funds held stakes in Gold Fields Limited (NYSE:GFI) in the second quarter. Compared to this, in the previous quarter, 15 hedge funds held stakes in the company. The total stake values in each quarter were $301 million and $323 million respectively.
1. Newmont Corporation (NYSE:NEM)
Number of Hedge Fund Holders: 55
Dividend Yield: 4.01%
Newmont Corporation (NYSE:NEM) is next and last on our list of the best gold stocks with dividends, ranking first. The company explores for copper, silver, zinc, and lead and is based in the US. It also has operations and assets in America, Canada, Mexico, Peru, Suriname, Argentina, Chile, Australia, Ghana, and the Dominican Republic.
As of this October, Credit Suisse holds an Outperform rating on shares of Newmont Corporation (NYSE:NEM) alongside a number of other gold stocks.
The company’s latest third-quarter report shows an EPS of $0.60. Newmont Corporation (NYSE:NEM) also reported a revenue of $2.90 billion.
According to our data, in the second quarter, 55 hedge funds held stakes in Newmont Corporation (NYSE:NEM) worth $1.3 billion. In comparison in the previous quarter, 43 hedge funds held stakes in the company worth $994 million.
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