Mining companies

Weekend: The Fool Proof Retirement Plan

Welcome to the Wealth Daily Weekend Edition— our insights from the week in investing and links to our most-read Wealth Daily and sister publication articles. As I wrote earlier in the week, dividend reinvestment plans — or DRIPs — are a great way to secure your financial future. All you need is the time and patience to stick to the blueprint… The best part is these plans are offered by more than 1,100 companies and are available to investors of all stripes, making it possible to purchase shares of stock without using a broker. This allows investors to buy stock directly from the company in very small amounts— something that can be more difficult and costly when compared to buying shares through your broker. In fact most companies don’t charge a fee, and the minimum investment can be as low as $10. Advertisement 60 Minutes Reports on Growing Body Parts Call it what you want: biotechnology, tissue engineering, cell therapy, regenerative medicine. The famous newsmagazine has reported on one doctor about to make multiple medical problems disappear forever. Lucky for you, that same doctor sits on the board of a $3.00 company that will bring these solutions to market— making shareholders rich in the process. Check out the 60 Minutes clip to learn the name. The plans also reinvest all or partial dividends paid into more stock, thus the name “Dividend Reinvestment Plan.” And in this case — since the investment is based on dollar amounts — you can purchase fractional shares. In addition, investors can choose to add a monthly contribution to the plan, boosting the amount of wealth the DRIP can create. That means you can start out with as little…

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Commodity ‘Boom’ Boosts Rio Tinto (RIO)

Commodity ‘Boom’ Boosts Rio Tinto (RIO)

Filed under: International Markets , Newsletters , Rio Tinto plc ADS (RTP) , Commodities , Stocks to Sell “London-based Rio Tinto ( RIO ) is one of the largest and most diversified mining companies in the world; ith the potential to reward shareholders with increased dividends and share buybacks, Rio is a buy for investors seeking exposure to booming commodity markets,” says Paul Tracy . The editor of High Yield International explains, “Rio’s operations are located in Australia, North and South America, South Africa, Europe and Indonesia. Its strategy is to concentrate on the development of large, high quality mineral deposits and become a low-cost producer for each commodity. Continue reading Commodity ‘Boom’ Boosts Rio Tinto (RIO) Commodity ‘Boom’ Boosts Rio Tinto (RIO) originally appeared on BloggingStocks on Fri, 11 Feb 2011 10:45:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Carlos Slim Catches Gold Fever

Carlos Slim Catches Gold Fever

Carlos Slim beat both Warren Buffett and Bill Gates in stock market performance last year. The reason: a hell-bent plan to start a brand-new gold and silver mining company in Mexico. Slim’s publicly disclosed holdings jumped 37% to $70 billion in 2010, according to data compiled by Bloomberg . Meanwhile, Buffett helped return a 22% gain for Berkshire Hathaway last year, and Gates’ Microsoft fell, hurting his overall annual returns even as he spread his investments into other sectors… The World’s Richest Man catches gold fever Slim — who made his fortune by building one of the world’s biggest telecommunication empires — has recently been making significant investments in gold and silver, particularly with a focus on precious metal mining in Mexico. Carlos Slim became the world’s richest man in 2010 with an estimated net worth of $55 billion. And a new spin-off mining company may help him widen his lead atop the global wealth list… Back in August, Slim’s holding company, Grupo Carso, S.A.B. de C.V., announced it would spin off a new precious metal mining company that would be focused on gold and silver mining in Mexico. The news added billions to Slim’s already ridiculous fortune as the plan to spin off the new company sent shares of Grupo Carso soaring in 2010, making it his best-performing asset last year. The new company (called Minera Frisco) produced nearly 200,000 ounces of gold and 5.5 million ounces of silver from its Mexican projects in 2010. Frisco recently reported plans to spend nearly $750 million this year to ramp up gold and silver production. The company estimates production from new mines in Mexico will more than double the company’s gold production to 440,000 ounces and nearly quadruple its silver production to 19.1 million ounces in 2011. Shares of Minera Frisco began trading Mexican Stock Exchange at the beginning of this year. But Slim and his family received nearly 80% of the new shares of Minera Frisco, and the stock is very thinly traded. Most analysts and investors will most likely avoid covering or owning this stock… However, there are many suitable alternative companies with a focus on gold and silver mining in Mexico. The largest of Minera Frisco’s publicly-traded competitors is the London-based silver major Fresnillo plc (LON: FRES) . Fresnillo plc Exchange: Symbol London: FRES P/E 39.76 Share Price 1,450 GBX Divided 5.90 GBX Market Cap 10.41 Billion GBP Yield 1.12% Fresnillo is the …

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Market Wrap-Up for Feb.3 (EL, NEM, YUM, K, CME, CVS, more)

The markets got off to a negative start today, but within the averages were several names that stood out on the upside, helping push the averages green by the market close. Screaming higher today were shares of Estee Lauder ( EL ) after the cosmetics giant beat estimates on its earnings report and raised guidance significantly. This is a name we have been watching closely and one we will consider on decent pullbacks. Also moving up on earnings-related stories were Ross Stores ( ROST ), Yum Brands ( YUM ), and Kellogg ( K ). On the flipside, earnings results hurt stocks like Ameriprise Financial ( AMP ), CME Group ( CME ), and CVS Caremark ( CVS ). Holding the averages back today a bit are energy plays that are seeing some red following multi-day gains. Newmont Mining ( NEM ) announced an acquisition this morning of Fronteer Gold ( FRG ). I will be watching the mining companies closely to see if this can get gold and sliver out of their recent slump. As I get prepared to do a national radio campaign where I will be interviewed on about 20-25 different national affiliates (I will give readers a heads up whenever I know I will be going on somewhere) regarding my “Be a Dividend Millionaire” book and of course our Dividend.com business, I want to reflect on my initial foray into the media world. About two years ago, I reached out to a local NBC affiliate to talk about what was happening in the economy and it was quite an enlightening experience. I learned some lessons early on about the media biz and business news from a local affiliate standpoint. First of all, I went in cold with no experience or training, and that likely showed my first few times on the air (fortunately no Cindy Brady-style freezing when the on-air light came on). After that, I seemed to find my groove. Unfortunately at the time, the economy was in the dumps and there was little I could do to sugarcoat the situation. Being a tell-it-like-it-is person is not something that broadcasters enjoy, depending on the station and people you deal with. In my case, my segments were focused on avoiding layoffs and when will the economy rebound. I had little in the way I was able to contribute from an investing standpoint (not my call, but the station manager at the time). I also learned about writing your own segments, which is what I had to do. The anchor would literally receive my notes for the first time as I was being seated up at the anchor desk a minute before going on the air. Can you say chaotic? I stopped doing the segments as there was a bit too much demand on what was needed for me to produce the segments, along with being held back from showcasing my investing expertise. I am excited to begin working with a top media/PR person who has worked with some key names in the financial and publishing space. I hope I am able to keep things real during my upcoming media appearances, and won’t be forced…

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'Fear and Love Make Gold Strong' by Jeff Clark

Filed in Australian Gold, Gold, Mining companies, o, outperform, silver by on January 20, 2011 0 Comments

This hopefully has reversed the trend of the last couple years where bullion outperformed the stock . Junior gold-mining companies, on average, returned roughly twice the gain of gold bullion , but some of those names were fairly silver …

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Junior Gold Stocks to Shine in 2011

Junior Gold Stocks to Shine in 2011

Last Friday, I urged Wealth Daily subscribers like yourself to buy gold and silver ahead of major buying that needed to take place this week to satisfy contractual COMEX obligations before the end of the trading day today… Gold and silver prices have remained volatile in both directions since October. But indications from the COMEX show suggest we may see a spike in these precious metals prices next week… Contracts for gold and silver December futures that demand physical metal must be met by then. But there appears to be a significant shortfall in the actual physical metal required to meet these demands — especially in silver. If these contractual obligations are not met by the 12/31/10 deadline, then we could see a default scenario, which would drive the metals prices even higher and cause great instability for other markets as well. This is exactly what happened. Advertisement This Play Just Keeps Making Money – 155%… 323%… 900%… ???% A few months ago, I released a special video on a tiny Mongolian oil company. I predicted this little-known company would go absolutely ballistic once drilling results came in. And boy was I right. Early investors had a shot at 900% gains. And the way I see it, we’ll see a repeat very soon. So check out this video on the matter and make sure you’re one of the early birds this time around.  Significant buying of physical gold and silver to meet COMEX futures drove bullion prices much higher this week. Take a look: While the physical bullion market is rising, junior mining shares are starting to get some attention once again. Junior mining stocks are even more speculative— but their risk/reward tradeoff amplifies potential gains even further. And when junior gold stocks are in favor, they can quickly return legendary gains. There’s just one little problem… There are over 1,000 junior mining companies listed on the TSX Venture exchange alone. And it’s very difficult to sort through all the promotions and scams to find solid junior gold stocks. Going through all those companies was a very time-consuming and nerve-racking ordeal… So, if you don’t …

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Gold Stocks Upside Greater than Gold Bullion Price | Gold Speaks

Filed in Australian Gold, Mining companies, o by on December 21, 2010 0 Comments

Frequently prospecting for new mining companies in natural resource-rich nations, Rodman & Renshaw Senior Analyst Alka Singh is just back from Argentina.

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Yamana Gold Triples Dividend Payment

Yamana Gold Triples Dividend Payment

Over the past several months, inflated revenues from high commodity prices have spurred a general trend of rising dividend payments in gold mining stock market. Nine of the world’s top ten gold mining companies have raised their dividend payments significantly in the past 12 months. Most recently, Yamana Gold (NYSE: AUY ) raised its dividend for the third quarter in a row as company profits nearly doubled, boosted by record gold prices. Yamana said that rising dividends reflect “robust and growing cash flows and cash balances.” The company, which has operations spread across Latin America, reported a third-quarter profit of $120.7 million (or 17 cents a share). This compares profits 12-months ago of $60.8 million (or 8 cents a share). Operating earnings rose to $157.9 million, from $71 million a year earlier. Excluding items, earnings were $118.9 million (or 16 cents a share). Overall, Yamana’s quarterly revenue rose 36% to $454.0 million. As a result, the company raised its quarterly dividend 50% to $0.03. Back in March, Yamana began increasing their dividend payment as the rising price of gold drove up revenue. Since that time, the company has increased its dividend by 200%. Yamana is currently paying a $0.12 (or 1.02% at current prices) annual dividend yield. The dividend boost now makes Yamana Gold one of the highest-yielding gold dividend stocks. As of right now, it is only one of four gold stocks that are paying an annual dividend of over 1%. 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 other three gold stocks that are paying over 1% annual dividends. You can read this report

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Teck (NYSE:TCK), Freeport, (NYSE:FCX), Goldcorp (NYSE:GG), Barrick (NYSE:ABX) Earnings Will Explode

Gold and base metals like copper have been driving the share price of of diversified miners and gold miners up, and companies like Teck Resources Limited (NYSE:TCK), Freeport-McMoran Copper & Gold Inc. (NYSE:FCX), Goldcorp (NYSE:GG) and Barrick Gold (NYSE:ABX) are poised to report strong third quarter earnings as a result. While some note that the mining companies haven’t been keeping up with

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Avoid Banks Like the Plague, Buy Tech

Avoid Banks Like the Plague, Buy Tech

At dinner parties, I generally avoid talking finance. America’s looming funding crisis doesn’t make for good small talk — according to my wife, anyway… Apparently the sheeple would rather shove their fingers in their ears and chant nah nah nah . But this past Saturday, we were at a friend’s house for dinner in Bethesda. The typical D.C. business crowd was chatting over drinks when I heard someone talking about how cheap bank stocks are… I probably should have kept my mouth shut, but I couldn’t resist. The bank-bull turned out to be a young broker from a big investment firm. When I joined the conversation, he was explaining to the group how cheap Bank of America (BAC) stock is. “BAC is a $25 stock,” he told the circle of D.C. suburb-dwellers. The fact that it’s trading at $12 means it’s a bargain, obviously. “What happens if banks are forced to use mark-to-market accounting? What about that big subprime portfolio?” I asked. Deer, meet headlights. It was clear he had no idea what I was talking about. I brushed off my questions as insignificant accounting stuff, and changed the topic to something easy: football. (My wife breathed a sigh of relief.) He turned out to be a decent guy, and we had a nice chat about recent NFL action. He was a Patriots fan, and I was willing to overlook that. The thing that bothered me was his bullishness on bank stocks, combined with the fact that he knew zilch about shady accounting practices and loan books. Who knows, Bank of America may be a good deal at these levels… But that’s not the point. The point is that we don’t know, really. U.S. banks are a big fat unknown. And I’m fairly certain one of the first lessons in Investing 101 is don’t buy what you don’t (…

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Investing in Gold by The LML Group Richmond & Associates Inc. Hong …

Gold mining companies have a fairly predictable overhead so when the price of gold goes up these stocks often perform in multiples to the increase of the spot price of gold bullion . When the price of gold goes down gold stocks can …

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Barrick (NYSE:ABX), Newmont (NYSE:NEM) and Goldcorp (NYSE:GG) Will Move Up as Gold Prices Continue to Soar

A number of gold miners, including giants Barrick Gold Corp. (NYSE:ABX), Newmont Mining Corp. (NYSE:NEM), and Goldcorp Inc. (NYSE:GG) should perform strongly going forward, as valuations are historically cheap, and lag the upward movement of the price of gold.A growing number of investors are increasingly excited about the possibilities for gold mining companies, as it’s inevitable they attract

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