Updates on your safety-conscious stocks: Newmont Goldcorp, Cenovus Energy and IBM

Article Excerpt

NEWMONT GOLDCORP, $43.45, is a buy. The stock (New York symbol NEM; Shares outstanding: 819.6 million; Market cap: $35.6 billion; TSINetwork Rating: Average; Dividend yield: 1.3%; www.newmontgoldcorp.com) gives you exposure to the world’s largest gold miner now that Newmont has acquired Vancouver-based Goldcorp Inc. for $10 billion in cash and shares. The combined firm continues to streamline its operations and add value for investors. It will now sell its 50% stake in Kalgoorlie Consolidated Gold Mines to Australia’s Northern Star Resources Limited. The sale price is $800 million and is a win for investors. That’s because will let it focus on its top-tier Tanami and Boddington mining complexes in Australia, in addition its active exploration campaigns. It also goes a long way toward funding its recently announced $1 billion share repurchase program. That all bodes well for investors. CENOVUS ENERGY, $13.20, is a buy for the Resources segment of your portfolio. The company (Toronto symbol CVE; Shares o/s: 1.2 billion; Market cap: $16.2 billion; TSINetwork Rating: Average;…

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