Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, December 3, 2010

Article Excerpt

CAMECO CORP., $37.60, symbol CCO on Toronto, plans to raise its quarterly dividend by 42.9% in 2011, to $0.10 a share from $0.07. The new rate will give the shares a yield of 1.1% based on today’s price. Cameco Corp. is still a buy. NEW GOLD INC., $10.17, symbol NGD on Toronto, has sold its 115 million shares of Australia-listed Beadell Resources Limited for $58 million. New Gold received these shares when it sold its Brazilian subsidiary, which held the Amapari property, in April 2010. On September 30, 2010, the company held cash of $391 million, or $1 a share. This sale adds a further $58 million, or $0.15 a share, to that total. Those funds will let New Gold continue to develop its New Afton and El Morro projects. New Gold expects to produce a total of 330,000 to 360,000 ounces of gold in 2010. The company’s production will probably rise to over 400,000 ounces in 2012. New Gold is…