Newmont sharpens its focus

NEWMONT CORP. $42 is a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 1.15 billion; Market cap: $48.3 billion; Price-to-sales ratio: 3.0; Dividend yield: 2.4%; TSINetwork Rating: Average; www.newmont.com) acquired rival Newcrest Mining… Read More

Precious metals offer diversification—and gains

Physical gold and silver have been strong performers over the past two decades even beating the S&P 500. Gold has also been much less volatile than the equity markets.
Investors shouldn’t overindulge in any one investment, and that includes gold, silver, platinum or any other precious… Read More

Barrick Gold is adding new mines

Barrick Gold is adding new mines

A slight decline in gold production and prices resulted in a 7.4% revenue drop in the most-recent quarter for Barrick Gold.

However, earnings still beat estimates and the firm continues to pay a performance dividend each quarter.

The stock trades at 23.0 times the company’s 2023 earnings… Read More

Get a 4.6% yield from gold giant Newmont

Get a 4.6% yield from gold giant Newmont

Lower production and realized gold prices led to a 9% revenue drop for this company during the most-recent quarter. Higher costs also cut earnings 55%.

However, this company has high quality reserves and offers a fundamentally-strong bet against inflation and a weaker U.S. dollar. A planned… Read More

Higher gold should boost dividend

NEWMONT CORP. $55 is a buy for long-term growth and a hedge against inflation. The company (New York symbol NEM; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 793.7 million; Market cap: $43.7 billion; Price-to-sales ratio: 3.5; Dividend yield: 4.0%; TSINetwork Rating: Average; www.newmont.com) is the world’s largest gold… Read More

Barrick lets you tap gold’s bright outlook

Barrick has moved up recently—along with gold prices. The gains were likely spurred by the growing belief among investors that interest-rate increases have started to slow as inflation eases. That should push up investor demand for gold as the appeal of interest-bearing investment and the… Read More