Why Do Stocks Split?

Why do stocks split? Companies will often split shares—and, so, prices—to make purchasing the stock cheaper for investors. However, it’s also important to note that a stock that splits is not necessarily a great investment, even if it’s now cheaper.
Why do stocks split? When a.. Read More

Newmont targets #1

NEWMONT MINING $37.84 (New York symbol NEM; Shares outstanding: 533.3 million; Market cap: $20.2 billion; TSINetwork Rating: Average; Dividend yield: 0.8%; www.newmont. com) is poised to become the world’s biggest gold producer. The company aims to produce 4.9 million to 5.4 million ounces in 2018… Read More

Q: Pat: I have around 20 ounces of gold in gold bars that my late father gave me. However, I am not keen on holding physical gold as I need to keep it in a costly safety deposit box. Also, it does not produce any revenue, and selling it can be complicated. Are there any solid dividend paying gold/mining companies that you would recommend as a replacement that would rise in value if the price of gold goes up? Thank you.

A: Our favourite stock for conservative investors who want to own a gold stock is Wall Street Stock Forecaster recommendation Newmont Mining, $37.88, symbol NEM on New York (Shares outstanding: 533.3 million; Market cap: $20.4 billion; www.newmont.com).

Newmont is poised to take over as the world’s… Read More