Barrick Gold (GOLD)
Barrick Gold is a $37 billion sector-leading gold company. It operates mines in 18 countries across the world with a focus on high-margin, long-life assets.
Barrick’s Q1 results reflect that asset quality, as well as the company’s success in driving profitability and shareholder value. During the quarter, free cash flow clocked in at $393 million. On the strength of those results, Barrick doubled its quarterly dividend.
The stock currently offers a dividend yield of 1.9%.
An app called Acorns automatically rounds up purchases made on your credit or debit card to the nearest dollar and places the excess "change" into a smart investment portfolio. You get $10 immediately from your first investment.
Get $10Gold Fields (GFI)
Gold Fields is a South African gold producer with a market cap of $12 billion. The company has total annual gold-equivalent production of 2.2 million ounces and gold-equivalent mineral reserves of 52.1 million ounces.
Gold Fields’ operating efficiency is high and while the stock’s price multiples are low — a nice combination for prospective investors.
In 2021, the company achieved a return on equity of 20% and generated adjusted free cash flow of $463 million. This performance is tied to the high quality of the company’s asset base, as well as solid execution by management.
Meanwhile, the stock looks relatively inexpensive. Currently, it sports a P/E of 12 and offers a dividend yield of 2.8%.
Agnico-Eagle Mines (AEM)
Gold companies often operate in politically unstable regions of the world. This political risk can outweigh any “safe-haven” benefits gained from investing in gold. If you don’t want to take on this added uncertainty, consider Agnico-Eagle Mines.
Agnico is a Canadian senior gold company with a market cap of $23 billion. It boasts operations in relatively stable countries including Canada, Finland and Mexico.
In 2021, the company posted record annual gold production, record annual operating cash flow of $1.3 billion record mineral reserves. Agnico also extended its impressive dividends-paid streak to 38 consecutive years.
Currently, the stock offers a dividend yield of 3.0%.
Sign up for our MoneyWise newsletter to receive a steady flow of actionable ideas from Wall Street's top firms.
It seems like a tricky time to get into real estate, and being a landlord isn't as passive as you think. Look at these low-stress options instead.
Read MoreMore from MoneyWise
- Goldman Sachs likes these 3 top dividend stocks yielding as high as 7.6% — in a manic market, locking down a growing income stream makes sense
- JPMorgan says this is the only sector seeing 'quality, growth and momentum scores' improve all at the same time
- Warren Buffett just said he doesn’t own bitcoin because ‘it isn’t going to do anything’ — he’d rather own these 2 tangible assets instead
Sponsored
Never overpay on Amazon again
Make sure to price-check online purchases with the help of Capital One Shopping. It’s totally free to use and takes less than a minute to set up.
Last year the service saved its customers over $160 million, and with just a few clicks you can start saving, too.
Download Capital One Shopping today and stop paying more than you have to for the exact same stuff.
