Tag: nem

Market Wrap-Up for Jan.14 (JPM, PNC, STT, GS, NEM, MEE, GE, more)

As I progress through my early 40′s, I like to think back to how I approached money in my earlier years. Being an entrepreneur, there is always a constant need to invest in your business and in yourself. That said, I still regret not being more proactive when it came to thinking about long-term wealth and financial security. The beauty of compound interest (which dividend stocks are great at providing when you re-invest those dividends) is something to marvel at when you start tabulating the numbers. You can use our Compounding Interest Calculator to measure your hypothetical rate of return, based on the number of years and amount of money you invest. Of course, getting married, having kids, and buying a home can put quite a dent in your best-laid plans. What was Mike Tyson’s famous line? I believe it was “Everyone has a plan until they get punched in the face.” Now I’m not trying to liken a boxing match to your family life, but the fact remains that the expenses you incur in adulthood can take quite a toll on your financial goals. Some investors are now in a position of making up for lost time, scrambling to start or build their retirement nest egg at a later stage in their lives than they’d prefer. The way I see it, the solution to this problem is simple: put more money each month to work for you. Some things you learn with age, and when it comes to money, most of us don’t start to really appreciate the power it has in our lives until we look up at the scoreboard and realize we’ve lost some initial ground. The key word I used there is “initial”, because it is NEVER too late to come back and make a difference. My dad had a barber friend who bought his first house at 77 years old! That’s the way you have to look at life. Never stop trying to achieve your goals, no matter how late you are in the game. I don’t care if all you can afford is $25 a month to start investing. Pick an online broker and get an account open if you don’t have one already. If you’re employed, set up an IRA and fund it with the maximum contribution you can make every year. And if you have kids, get a Coverdell Education Savings Account started for each of them and fund those as well. If your employer matches your 401k contributions, then do that too! Do whatever you can to make it happen. In time, you’ll look back …

Continue Reading »

Newmont Mining’s Profit Surges on Higher Gold Prices (NEM)

Filed in dividend, Gold, Gold Bullion prices, Newmont Mining Corp, shares by on November 2, 2010 0 Comments

Gold producer Newmont Mining Corporation ( NEM ) on Tuesday said its third quarter profit jumped 38% from last year, helped by record gold selling prices. The Greenwood Village, CO-based company reported third quarter net income of $537 million, or $1.07 per share, compared with $388 million, or 79 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was $1.08 per share. Sales jumped 27% from last year to $2.6 billion. On average, Wall Street analysts expected a much lower profit of 95 cents per share, on smaller sales of $2.34 billion. Newmont Mining shares rose 74 cents, or +1.2%, in premarket trading Tuesday. The Bottom Line Shares of Newmont Mining ( NEM ) have a .98% dividend yield, based on last night’s closing stock price of $61.23. The stock has technical support in the $55-$58 price area. If the shares can firm up, we see overhead resistance around the $67 price level. Newmont Mining Corporation ( NEM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

Continue Reading »

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 …

Continue Reading »

Market Wrap-Up for Oct.20 (MAN, CMA, BLK, SWK, NEM, FCX, CF, more)

Filed in dividend, Gold Investment by on October 20, 2010 0 Comments

Market participants wasted little time pushing the Dow index back over 11K today as traders moved in to buy yesterday’s commodity sell-off. (more…)

Continue Reading »

Market Wrap-Up for Oct.13 (INTC, JPM, NEM, ABX, CSX, GLD, more)

Market Wrap-Up for Oct.13 (INTC, JPM, NEM, ABX, CSX, GLD, more)

With earnings season now underway, the markets could be setting up for some more near-term melt-up action. We saw a taste of that today, but we did see the markets pull off the highs in the last hour. As I have been mentioning, we are sitting in very over-bought territory. Back in my trading days, the strategy was simple. Buy high, sell higher, but in the process keep moving up the trailing stops on my longs, all the while keeping my sell-stop orders tight in the event of a quick reversal lower. We are certainly seeing more dividend stocks that are set to flash the green signal for us to add them to our recommended list, but it is simply a question of patience as we look for further opportunities. Our current list of 48 recommended names continues to grow nicely, as do the returns for investors in those names. CSX Corp ( CSX ) was a big earnings winner today, after the railroad operator easily beat Q3 estimates. J.P. Morgan ( JPM ) and Intel ( INTC ) closed lower despite some early analyst accolades on both companies’ earnings reports. The big story once again today was gold, with gold prices up over $23 an ounce in today’s action. Technically things still look fine for gold, but it is not a trade without risk for those of you that are putting aggressive capital to work. Whether you are buying the Gold ETF ( GLD ), or mining plays like Barrick Gold ( ABX ) and Newmont Mining

Continue Reading »

Market Wrap-Up for Oct.5 (FCX, CF, CLF, GLD, NEM, COF, AXP, more)

Market Wrap-Up for Oct.5 (FCX, CF, CLF, GLD, NEM, COF, AXP, more)

News of Japan cutting its interest rates to zero helped spike gold prices today, also pushing many other commodity plays up along with it. We saw stock price surges for high-beta stocks like Freeport McMoran ( FCX ) , CF Industries ( CF ) , Cliffs Natural Resources ( CLF ) , and more. Gold ETF ( GLD ) hit new highs as did gold-mining plays Agnico-Eagle Mines ( AEM ) and Newmont Mining ( NEM ) . This continues to remain a trade in our eyes, so be sure to handle it as such if you are dabbling in the area. Financial names such as Franklin Resources ( BEN ) and Capital One Financial ( COF ) also put in solid gains today. Shares of American Express ( AXP ) finished lower following two analyst downgrades this morning. The company continues to feel the pressure of the U.S. government lawsuit. I was running late today as I was speaking to students at several business classes in Stockton College. Explaining some of what actually happens on Wall Street to what is taught in the textbooks can be real interesting. The students seem to enjoy the real-life experiences/lessons I have had in my trading days as well as since the launch of Dividend.com. A key theme I focused on was not ignoring whatever the current market environment is and how that can relate to business and investing decisions. Some things just don’t get taught in textbooks and hopefully the message I was sending opens up some new mindsets into how one can approach their financial and business aspirations. Hope everyone has a great day. Thanks for reading! Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

Continue Reading »

Market Wrap-Up for Oct.4 (AXP, FCX, SLE, NEM, ABX, SNY, more)

Market Wrap-Up for Oct.4 (AXP, FCX, SLE, NEM, ABX, SNY, more)

The beginning of the trading week (and month, for that matter) got off to a rough start. Conventional wisdom states that the first couple of trading sessions in a new quarter can be strong because of fund inflows that get put to work in the market. There’s no such thing occurring today, however, continuing the trend from Friday, which also lacked buying sizzle. I saw a report recently from the Employee Benefit Research Institute that said as of 2009, Social Security accounted for almost half elderly women’s income, compared with just over a third for elderly men. The big thing I am taking out of this is the fact that the over-reliance on Social Security is a problem for many seniors. I hope that readers see this stat and that it encourages you to get started as soon as possible to building up a richer retirement nest egg. I am so looking forward to my book, “Be a Dividend Millionaire” to be released sometimes in the spring. It is a book dedicated for the men and women that are working their butts off and who can use a great template in how to get started building a wealthy retirement, with not much money required to get started. Back to today’s action, gold-mining plays were among the commodity sector names seeing red. Stocks like Newmont Mining ( NEM ) and Barrick Gold ( ABX ) pulled down, as did Freeport McMoran ( FCX ) – which was downgraded this morning by a Citigroup analyst. American Express ( AXP ) was sold heavily on news that the company’s merchant contracts may be in violation of U.S. antitrust laws, according to a suit just filed by the U.S. government. A couple of deal-rumored names made headlines earlier as pharma play Sanofi-Aventis ( SNY ) went with a hostile bid to acquire Genzyme ( GENZ ). Also, shares of Sara Lee ( SLE ) saw some action on speculation a private equity firm was sniffing

Continue Reading »

Market Wrap-Up for Sept.30 (NEM, ABX, MO, RAI, FCX, CF, more)

Market Wrap-Up for Sept.30 (NEM, ABX, MO, RAI, FCX, CF, more)

It appears the momentum crowd may be satisfied with September’s gains as the market gains this morning reversed lower on this last day of the month. Even gold prices pulled back, with mining stocks like Newmont Mining ( NEM ) and Barrick Gold ( ABX ) giving back some of the recent gains. Also heading lower were names related to other parts of the commodity space, including CF Industries ( CF ) , Mosaic ( MOS ) , Deere ( DE ) , and Freeport McMoran ( FCX ) . There was an analyst downgrade of tobacco companies Altria Group ( MO ) and Reynolds American ( RAI ) this morning. Both of those stocks continue to be big winners on our Best Dividend Stocks list and their 6%-plus dividend yields are still attractive, but a pull-back would certainly be welcome as far getting better entry levels. Volume did creep up by the close, with the NYSE trading 4.28 Billion shares and the Nasdaq trading 2.34 Billion shares./. As for our recommended list, we are always monitoring our data for any potential changes. Going into today’s action, just 3 of our 47 recommended names are trading lower than when we first recommended the names, with the worst performer being down a mere 2% (and that’s not including dividend payouts). I hope everyone is enjoying the new video segments our editor Tom Reese and I are producing on the site. Feel free to reach out to us with more ideas on what you would like to see discussed. I am also proud to announce that I have signed a book deal with FT Press/Pearson, in which I will be writing about Dividend stock investing, personal finance tips and more. I will be providing everyone with more details as things begin to materialize. As always, be sure to check out our industry-leading Best Dividend Stocks list for our current recommendations. See you tomorrow! Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

Continue Reading »

Newmont Mining Downgraded at Stifel Nicolaus (NEM)

Newmont Mining Downgraded at Stifel Nicolaus (NEM)

Gold producer Newmont Mining Corporation ( NEM ) late Monday saw its rating cut by analysts at Stifel Nicolaus. The firm said it lowered its rating for NEM from “Buy” to “Hold,” and suspended its $80 price target. That target had represented an expected 28% upside to the stock’s Monday closing price of $62.65. Newmont Mining shares fell 67 cents, or -1.1%, in premarket trading Tuesday. The Bottom Line Shares of NEM have a .96% dividend yield, based on last night’s closing stock price of $62.65. The stock has technical support in the $55-$60 price area. If the shares can continue the recent momentum, the stock is trading at all-time highs with little overhead resistance at these levels. Newmont Mining Corporation ( NEM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

Continue Reading »

Market Wrap-Up for Sept.14 (BLK, CSCO, NEM, HPQ, JCP, ANF, more)

Filed in ceo, dividend, Gold, Gold Investing, Gold Investment, Gold Prices, ubs by on September 14, 2010 0 Comments
Market Wrap-Up for Sept.14 (BLK, CSCO, NEM, HPQ, JCP, ANF, more)

We have decided to make our brand new “Learn to be Rich!” section available almost exclusively to our Dividend.com Premium subscribers (although we will occasionally post a free article as well). This should be an important part of the site for our readers, because of the many helpful tips I publish each day. There are so many phony “get rich quick” scams out there these days, that I wanted to share methods to make money that really work. The goal of Learn to be Rich! is to further educate our audience and share some ways to free up and generate new income that can be used to spend on things that you want, but even more importantly to be able to be put to work investing in high-quality dividend paying stocks that can add to your nest egg goals. It’s great to be a saver, but not if it means you begin to stop living at the same time. Who wants to say they saved $20 a week eating peanut butter & jelly every day for lunch? Sorry Smuckers ( SJM ) , but I want to be able to enjoy some of the fruits of my labor too! Keeping everything in balance is what I want people to think about. Back to today’s market action, we saw retailers move up like J.C. Penney ( JCP ) and Abercrombie & Fitch ( ANF ) . The retail sector, similar to the financials, are trying to play catch-up, having been under-performers for months. Elsewhere Hewlett-Packard ( HPQ ) and Blackrock ( BLK ) showed some strong gains. Gold prices are spiked, with Newmont Mining ( NEM ) and AngloGold ( AU ) shooting up. Interesting news out this afternoon as the CEO of Cisco Systems ( CSCO ) mentioned they will be initiating a dividend payout policy soon. They are on a list of companies we

Continue Reading »

Market Wrap-Up for Aug.12 (EL, KSS, MA, GS, SPG, NEM, more)

Market Wrap-Up for Aug.12 (EL, KSS, MA, GS, SPG, NEM, more)

I have been following some interesting tidbits about a plan (Automatic IRA) that a New Mexico senator has sponsored that would require all firms with 10 or more employees that don’t already offer a retirement plan to automatically enroll workers in an IRA. Workers who don’t wish to participate would need to take action to opt out or change the default contribution amount and investments. This is a great idea, but one that needs to have numerous choices for workers to consider investing in. If the deal options are limited, then the plan could end up being a total disaster. I am sure Wall Street will be in the middle of the action to make sure the bill is a win-win. That’s fine, let’s just not make it a resolution to appease the firms with the biggest lobbyists! As for today’s action, we saw the markets bounce off this morning’s early weakness, but we couldn’t turn the corner all the way, closing down for the third day in a row. The market couldn’t shake loose from the earnings disappointments out of Estee Lauder ( EL ) , Kohl’s ( KSS ) and tech heavyweight Cisco Systems ( CSCO ). Several names bucked the selling, including Potash Corp ( POT ) , MasterCard ( MA ) , and gold-mining plays like Newmont Mining ( NEM ) , Buenaventura ( BVN ) , and Agnico-Eagle Mines ( AEM ) . There was an upgrade out this morning that seemed a bit strange as Goldman Sachs ( GS ) decided to move Simon Property Group ( SPG ) on its “conviction buy” list. Not sure what the catalyst could be there, since the stock has had a big run and sports a rather small (for a REIT) 2.65% dividend yield. We have also been concerned about the aggressive “momentum-style” trading that we have witnessed in that sector. We are currently underweight in the REIT space, hoping to see historically higher dividend yields, or significant boosts in payouts. Be sure to check out our Best Dividend Stocks List for the dividend-payers we currently recommended putting new money into. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

Continue Reading »

Dividend Stock Leaders for the Week of July 26-30 (POT, WYN, CHRW, X, CL, INTC, more)

Filed in dividend, Gold, Gold Investing, Newmont Mining Corp by on July 31, 2010 0 Comments
Dividend Stock Leaders for the Week of July 26-30 (POT, WYN, CHRW, X, CL, INTC, more)

Here are some of the biggest dividend stock winners and losers from the week that just ended. Company Fri. Close Weekly % Change Wyndham Worldwide Corp ( WYN ) $25.53 +12.42% Jones Lang Lasalle Incorporated ( JLL ) $77.46 +10.66% Ameriprise Financial Services ( AMP ) $42.39 +9.68% C.H. Robinson Worldwide Inc. ( CHRW ) $65.20 +7.10% Potash Corporation Of Saskatchewan Inc. ( POT ) $104.87 +6.60% Metlife Inc. ( MET ) $42.06 +6.37% DuPont ( DD ) $40.67 +6.08% Intel Corporation ( INTC ) $20.60 -5.03% Newmont Mining Corporation (holding Company) ( NEM ) $55.90 -5.33% Colgate-Palmolive Company ( CL ) $78.98 -5.38% Plantronics Inc. ( PLT ) $29.97 -8.82% DeVry Inc. ( DV ) $53.80 -9.26% U.S. Steel ( X ) $44.33 -9.35% Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

Continue Reading »