Anglogold Ashanti

Dividend Stock Leaders for the Week of Jan.3-7 (WYNN, POT, BAC, FDO, NEM, TGT, more)

Here are some of the biggest dividend stock winners and losers from the week that just ended. Company Fri. Close Weekly % Change Dividend Yield Wynn Resorts ( WYNN ) $118.73 +14.34% 0.84% KB Home ( KBH ) $15.25 +13.05% 1.64% L-3 Communications Holdings Inc. ( LLL ) $78.23 +10.98% 2.05% Moody’s Corporation ( MCO ) $29.29 +10.36% 1.57% D.R. Horton Inc. ( DHI ) $13.02 +9.14% 1.15% Potash Corporation Of Saskatchewan Inc. ( POT ) $166.92 +7.81% 0.24% Bank of America Corporation ( BAC ) $14.25 +6.82% 0.28% Newmont Mining Corporation (holding Company) ( NEM ) $56.89 -7.39% 1.02% Barrick Gold Corporation ( ABX ) $49.10 -7.67% 0.98% Macy’s ( M ) $23.31 -7.87% 0.86% Agnico-Eagle Mines ( AEM ) $70.43 -8.17% 0.91% Target Corporation ( TGT ) $55.05 -8.45% 1.82% AngloGold Ashanti Ltd. ( AU ) $44.82 -8.96% 0.33% Guess? Inc. ( GES ) $42.67 -9.83% 1.87% Pan American Silver Corp. ( PAAS ) $36.79 -10.73% 0.27% Family Dollar Stores Inc. ( FDO ) $43.90 -11.69% 1.41% Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Eldorado (NYSE:EGO), AngloGold Ashanti (NYSE:AU), Novagold Resources (AMEX:NG) Rise as Gold Prices Today Rebound

It was only a matter of when and not if, gold prices were going to resume their upward move, and it appears the temporary correction in gold may be over, and gold miners like Eldorado (NYSE:EGO), AngloGold Ashanti (NYSE:AU), Novagold Resources (AMEX:NG) are participating in the rise in gold prices today. We can’t be certain the gold correction is over yet, but the news Ireland is going to be

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AngloGold Ashanti (NYSE:AU) Production Estimates Coming in a Low End

AngloGold Ashanti (NYSE:AU) full-year production estimates will come in at the lower end of guidance, according to Chief Executive Officer Mark Cutifani. Talking about Ghana, Cutifani said, “We underestimated some of the social complexities and some infrastructure failures” there. Besides having to suspend operations at its Obuasi mine in Ghana because of water contamination problems, they

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Kinross (NYSE:KGC), AngloGold Ashanti (NYSE:AU), Harmony (NYSE:HMY) Explode Upward on Rising Gold Prices

Kinross Gold Corp (NYSE:KGC), AngloGold Ashanti (NYSE:AU), Harmony Gold Mining (NYSE:HMY) are moving up in a major way in response to the explosion in gold prices and the overall response of the broader gold market.All of this is the result of the misguided move by the Federal Reserve to inflate, or as they like to describe it now: implement a new round of “quantitative easing.”Consequently the

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Gold Outperforming Gold Stocks in 2010

Gold Outperforming Gold Stocks in 2010

With just over two months left in 2010, the price of gold is outperforming share prices of the world’s largest companies that mine the precious yellow metal. For the year, 10 of the 12 largest gold companies have seen their shares rise as commodity prices elevate. On average, these gold stocks have returned a 15.9% gain. That compares to gold, which is up 21.1% for the year. Take a look: Company Share Price 12/31/09 10/22/10 Percent Change Stock Chart Barrick Gold (NYSE: ABX) $39.38 $46.13 ↑17.1% Goldcorp (NYSE: GG) $39.34 $42.04 ↑ 6.9% Newmont Mining (NYSE: NEM) $47.31 $59.37 ↑ 25.5% Newcrest Mining (ASX: NCM) $35.33 $40.00 ↑ 13.2% AngloGold Ashanti (NYSE: AU) $40.18 $45.70 ↑ 13.7% Kinross Gold (NYSE: KGC) $18.40 $17.55 ↓4.6% Polyus Gold (Pink OTC: OPYGY) $27.55 $31.10 ↑12.9% Agnico-Eagle Mines (NYSE: AEM) $54.00 $70.10 ↑31.7% Gold Fields (NYSE: GFI) $13.11 $15.32 ↑16.9% Yamana Gold (NYSE: AUY) $11.38 $10.74 ↓5.6% Eldorado Gold (NYSE: EGO) $14.17 $16.76 ↑18.3% IAMGOLD (NYSE: IAG) $15.64 $17.49 ↑11.8% Average Gain ↑15.9% Dow Jones Gain to Date: ↑6.8% NASDAQ Gain to Date: ↑9.3% S&P 500 Gain to Date: ↑6.1% Gold’s Gain to Date ↑21.1% The price of physical gold may be outperforming gold stocks for 2010. But one of the biggest complaints among anti-gold investors is that bullion doesn’t pay an income of any kind. However, there are several gold stocks that do pay dividends. In my recent report for Wealth Daily, titled The Definitive Guide to Gold Dividend Stocks , I give investors a current perspective of gold dividend stocks and reveal the top three highest-yield gold dividend stocks on the market today. You can read this report for free right now by clicking here or by copying and pasting the following link into your internet browser’s address bar: http://www.wealthdaily.com/articles/the-definitive-guide-to-gold-dividend-stocks/2788 Good Investing, Luke Burgess Editor, Wealth Daily Investment Director, Hard Money Millionaire and Underground Profits Gold Outperforming Gold Stocks in 2010 originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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The Definitive Guide to Gold Dividend Stocks

The Definitive Guide to Gold Dividend Stocks

It’s one of the biggest gripes among anti-gold investors: Gold bullion doesn’t pay a dividend, nor does it produce any other kind of income. However, there are several gold stocks that do pay dividends. And in just one minute, I’ll reveal the top three gold stocks that are currently paying the highest annual dividends. Plus, I’ll tell you about the top silver dividend-paying stock. But first, you need to understand something about gold dividend stocks… Gold dividend stocks Gold companies have never thrilled investors with their dividend payments. And investors looking for regular high-yield annual dividends of +5% aren’t going to find them among gold stocks. In fact the highest dividend yielding gold stock right now only offers a 2.5% annual return. But I’ve recently found over a dozen energy stocks alone that are paying 8% to 12% annual yields . Skimpy dividend payments keep gold stocks out of dividend funds. Typically, stocks need a minimum yield of about 2%, and have consistent dividend growth for 5 to 10 years to be considered candidates for the dividend investment category. Yet, while gold stocks have not historically offered much in the way of dividends, increasing commodity prices are prompting many gold companies to boost yields and even initiate new dividend programs. Dividends are rising among gold stocks Back in March, Yamana Gold (NYSE: AUY ) began to increase their dividend payment as the rising price of gold drove up revenue. Since that time, the company has doubled its dividend payments. Take a look: Yamana is currently paying a 0.80% annual dividend yield. Other gold companies are increasing their dividend payments as well. Recent gold stocks to boost dividend payouts include: Newcrest Mining (ASX: NCM ) increased their annual dividend this year by 33% to $0.20 per share after the company saw net profit more than double for the year. Kinross Gold (NYSE: KGC ) has kept the company’s semi-annual dividend steady for the past 12 months at $0.05 per share. However, it was increased 25% during the third quarter of 2009. AngloGold Ashanti (NYSE: AU ) dropped their most recent semi-annual dividend payment slightly from $0.092 to $0.09. However, the company has increased their semi-annual yield by 73% from the spring 2009 payment of just $0.052 per share. Newmont Mining (NYSE: NEM ) just raised their quarterly dividend by 50% from $0.10 to $0.15 per share as production revenue rose. Eldorado Gold (NYSE: EGO ) announced the inaugural annual dividend payment of $0.05 per share in February. Even with recent increases, dividend yields among gold stocks are still relatively low. Most annual dividend yields from the world’s largest gold companies are still under 1%. However, there are a few that pay a little more… The top 3 gold dividend stocks Company: Barrick Gold Annual Dividend: 1.05% Barrick Gold (NYSE: ABX ) just increased the company’s quarterly dividend by 20% to $0.12 per share as profits soar for the world’s largest gold firm. If Barrick maintains quarterly dividends at current levels, the company will pay a 1.05% annual dividend. Company: Gold Fields Annual Dividend: 1.25% Gold Fields (NYSE: GFI ) has raised and lowered its dividends based on revenue from the company’s major South African gold production and processing operations over the past several years. The stock is currently paying …

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Goldman (NYSE:GS) Upgrades AngloGold Ashanti (NYSE:AU)

South African miner AngloGold Ashanti (NYSE:AU) was upgraded by Anglogold Ashanti (NYSE:AU) from “Sell” to “Neutral.” That’s an upward move of two notches for the gold miner. Earlier in the month Anglogold was upgraded from “Underperform” to “Neutral” by Credit Suisse (NYSE:CS). Anglogold also eliminated their hedge book recently, now standing in full exposure to gold. The gold miner closed

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AngloGold (NYSE:AU) No Longer Has Hedge Book

With gold prices expected to continue climbing for years into the future, a growing number of gold miners have been eliminating their hedge books. AngloGold Ashanti (NYSE:AU) has now completed the process. Over the last three years, Anglogold said they’ve created close to $40 billion in value for their shareholders, at a cost of closing the hedge book contracts of $2.63 billion. The buy-back

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IAMGold (IAG): Takeover Speculation?

IAMGold (IAG): Takeover Speculation?

Filed under: Newsletters , Canada , Commodities , Stocks to Buy “High gold prices and low debt costs make now a great time for major gold producers to seek and acquire junior gold companies,” says Ian Wyatt . The editor of Top Stock Insights explains, “I have singled out what I believe could be a potential takeover candidate: IAMgold ( IAG ), a mid-tier Canadian gold miner. “Although we emphasize that this is a speculation, we believe the company could be a takeover candidate by large South African miners, perhaps by such companies as Gold Fields or AngloGold Ashanti. Continue reading IAMGold (IAG): Takeover Speculation? IAMGold (IAG): Takeover Speculation? originally appeared on BloggingStocks on Fri, 01 Oct 2010 13:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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AngloGold (NYSE:AU) Closing Hedge Book in Early 2011

AngloGold Ashanti (NYSE:AU) is poised to shut down its hedge book in the early part of 2011, joining other gold miners whose confidence in the support underlying gold prices will continue on for some time into the future.The giant gold miner will offer convertible notes and common shares as the choices to raise the capital to eliminate their hedging position.The offering of mandatory convertible

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AngloGold to Boost SA Gold, Uranium Production

AngloGold to Boost SA Gold, Uranium Production

AngloGold Ashanti (NYSE: AU ) is planning to boost gold and uranium production from its South African mines. The company says that it will maintain annual gold production of 1.75 million ounces over the next five years with large projects scheduled to increase output further in the next decade. To help achieve this, AngloGold’s Mponeng Mine – one of the deepest and richest gold mines in the world – will undergo a $162 million expansion in order to raise production. Other expansions of gold projects are yet to be approved by AngloGold’s board. The company is also expecting to increase uranium production 54% to 2 million pounds per year. Overall, AngloGold expects to produce 80 million pounds of uranium from the company’s mine dumps. As a South African gold producer, AngloGold plays an important role in meeting gold demand in India. To learn more about Indian gold demand and how AngloGold is helping to supply gold to India amid rapidly increasing demand, check out my latest issue of Wealth Daily called India’s Gold Bull Market . Good Investing, Luke Burgess Editor, Wealth Daily Investment Director, Hard Money Millionaire and Underground Profits AngloGold to Boost SA Gold, Uranium Production originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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India’s Gold Bull Market

India’s Gold Bull Market

Due to a sharp decrease in foreign exchange reserves following the Indo-China War in 1962, the government of India enacted the Gold Control Act. This legislation made the private ownership of gold bullion illegal and created a huge black market for the yellow metal. The Gold Control Act was repealed in 1992 after Indian government needed to sell 40 tonnes of the country’s gold reserves to deal with more forex problems that had the country on the verge of default. What happened next would change the gold market forever… Advertisement The next big play of North America’s Oil Comeback Breakthrough drilling technology has turned an abandoned Alberta oil field into the hottest energy territory in the Western Hemisphere … And one $4-a-share company is positioned for the lion’s share of the spoils. Click here for the on-site proof that 1,239% gains await early investors . How India became the world’s #1 gold consumer Following the repeal of the Gold Control Act, the demand for gold in India began to sharply rise. Indian gold demand immediately shot up 75% in the year after the Gold Control Act was terminated. Overall, gold demand in India increased 174% from 260 tonnes in 1991 to 713 tonnes in 2008. Top 5 Gold Consumers in 2009 India – 480 tonnes China – 428 tonnes USA – 263 tonnes Germany – 134 tonnes Turkey – 107 tonnes Total gold demand in India fell 33% last year as global consumer spending dried up in the face of the worldwide financial recession. Nevertheless, India is still the world’s largest consumer of gold in terms of both tonnage and value. Last year, India alone accounted for 20% of the global consumer demand for gold. This includes 24% of global demand for gold jewelry, which is has traditionally been one of India’s strongest markets. The Indian jewelry market is one of the largest in the world, with a market size of $13 billion. It is second only to the U.S. market of $40 billion. Two Key Facts about India’s Gold Markets Half of India’s annual gold consumption is contributed by demand in just four states: Karnataka, Kerala, Tamil Nadu, and Andhra Pradesh. India’s gold market is estimated to have more than 300,000 jewelers – mostly small, family-run businesses. Gold jewelry forms around 80% of the Indian jewelry market. And during the first half of this year, the volume of growth increased 67% to 273 tonnes. In terms of value, gold jewelry demand increased 94% to $10 billion. Indians traditionally invest in gold by buying gold jewelry. But other gold investments— including gold exchange-traded funds (ETFs) — are rapidly gaining in popularity as investors seek a safe haven and become more aware of the benefits of investing in gold in a non-material form as opposed to holding it as jewelry. The eight gold ETFs that trade on the Bombay Stock Exchange have nearly doubled their bullion holdings in the past year to 11 tonnes. The volume of gold for investment in India grew by 264% to 93 tonnes during the first half of 2010. In value terms, Indian gold investments accounted for over $3 billion — an increase of 300%. Overall, total Indian gold demand in terms of tonnage nearly doubled, increasing 94% to 365 tonnes. Worth over $13 billion, the value of India’s gold demand increased 122% during 1H 2010. Indian gold demand in the second half of 2010 is likely to be at least 25% higher. Analysts at China’s National Spot Exchange recently published a report predicting gold imports to …

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