EUROPEAN GOLDFIELDS $9.97 (Toronto symbol EGU; TSINetwork Rating: Speculative) (44 (20) 7408 9534; www.egoldfields.com; Shares outstanding: 183.8 million; Market cap: $1.8 billion; No dividends paid) has attracted a number of investments from Qatar Holdings LLC, a division of Qatar’s sovereign wealth fund, to develop its mines.
Qatar Holdings has given European Goldfields a seven-year, $600 million U.S. loan. In addition, Qatar …read more »
Newmont Mining Corp., New York symbol NEM, links future dividend hikes to the price of gold: it will raise the quarterly rate by $0.05 a share for each $100-per-ounce rise in its average selling price for gold in the preceding quarter.
The company has now enhanced this policy. If gold prices exceed $1,700 an ounce, it will raise the quarterly …read more »
NEWMONT MINING $63.01 (New York symbol NEM; Shares outstanding: 501.0 million; Market cap: $30.9 billion; TSINetwork Rating: Average; Dividend yield: 1.9%; www.newmont.com) plans to link future dividend hikes to the price of gold: it will raise the quarterly rate by $0.05 a share for each $100-per-ounce rise in its average selling price for gold in the preceding quarter.
The company has …read more »
YAMANA GOLD $15.95 (Toronto symbol YRI; TSINetwork Rating: Speculative) (416-815-0220; www.yamana.com; Shares outstanding: 745.4 million; Market cap: $12.2 billion; Dividend yield: 0.7%) owns six operating gold mines in Brazil, Chile and Argentina. It also holds a 12.5% stake in the Alumbrera copper/gold mine in Argentina, and has four other properties in advanced stages of development.
In the three months ended June …read more »
IAMGold, symbol IMG on Toronto, owns 38% of the Sadiola mine and 40% of the Yatela mine, both located in Mali; 100% of the Mupane gold mine in Botswana, 90% of the Essakane gold mine in Burkina Faso; 100% of the Doyon mine in Quebec; and 100% of the Rosebel mine in Suriname, South America.
We analyze IAMGold in Stock Pickers …read more »
EBAY INC. $29 (Nasdaq symbol EBAY; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 1.3 billion; Market cap: $37.7 billion; Price-to-sales ratio: 3.7; No dividends paid; TSINetwork Rating: Above Average; www.ebay.com) has set up a new section of its online auction site for buying and selling gold and silver coins and bars.
This new service has attracted many gold buyers, due to …read more »
Every Wednesday, we publish our “Investor Toolkit” series on TSI Network. Whether you’re a beginning or experienced investor, these weekly updates are designed to give you specific investment advice, including the best ways to profit in gold investing. Each Investor Toolkit update gives you a fundamental piece of investing strategy, and shows you how you can put it into practice …read more »
NEW GOLD $11.97 (Toronto symbol NGD; TSINetwork Rating: Speculative) (888-315-9715; www.newgold.com; Shares outstanding: 428.8 million; Market cap: $5.3 billion) has three operating mines: the Mesquite mine in the U.S., the Cerro San Pedro mine in Mexico and the Peak mine in Australia. It also owns 30% of the El Morro copper/gold project in Chile (Goldcorp owns the other 70%) and …read more »
NEWMONT MINING $57.12 (New York symbol NEM; Shares outstanding: 500.4 million; Market cap: $27.4 billion; TSINetwork Rating: Average; Dividend yield: 2.1%; www.newmont.com) is one of the world’s largest gold miners. It has major mines in the U.S., Australia and Peru.
In the three months ended June 30, 2011, Newmont earned $1.06 a share before one-time items. That’s up 35.9% from $0.78 …read more »
EUROPEAN GOLDFIELDS $12.57 (Toronto symbol EGU; TSINetwork Rating: Speculative) (44 (20) 7408 9534; www.egoldfields.com; Shares outstanding: 182.8 million; Market cap: $2.3 billion; No dividends paid) got a big boost recently when Greece’s Ministry of Environment, Energy and Climate Change said it will grant the company a long-delayed permit to build new mines on two of its mineral deposits in Greece.
The …read more »
Gold stocks are investments in companies that mine or explore for gold. Gold is often viewed as a safe investment, so prices of these stocks will often increase in response to political or economic worries, which raise the price of gold. Instead of buying gold directly, Pat McKeough feels the best way to invest in gold is to buy the stocks of high-quality gold-mining companies.
Our free report reveals how you can increase your profits — and cut your risk — in gold investing: Gold Investing: 7 Profitable Strategies for Investing in Canadian Gold Stocks
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