Gold prices have been increased to a much higher value in the last some years. Though there are some ups and downs in the value of gold it will be good to keep the metal in your portfolio to earn high. There are some of the funds and stocks which you can buy to invest in the gold.
In the recent time, it is seen that there are some funds gaining a huge amount of profits by keeping gold into its portfolio, it is the commodity which will make money in times if you know how to invest in them. Here are some of the Best Gold Stocks by FinanceShed where you can invest and earn in gold.
Top Gold Stocks To Be Kept In Your Portfolio
It is the stock that has a market value of $24.5 billion, which is a very huge amount for a gold stock. The dividend payout for the stock is also good @1.9%. It is one of the greatest producers of gold and having the biggest amount as market value. It has become more powerful after the takeover of Goldcorp in $10 billion. The management of the company has given the targeted annual production of gold as 6-7 million ounces of gold.
Kirkland Lake Gold
The market value covered by the stock is as high as $6.5 billion and the dividend yield on the stock was 0.4%. These stocks have a stock price of around $30-31, which is more than many of the companies in the same industry.
Agnico Eagle Mines
The market capitalization of the company is $9.6 billion. The price of the stock has been around $40-41 in the past days, which is probably the highest in the industry. The dividend distributed by the company is @1.2%. The company is having the mines cross eight places in the world. And it is estimated by the management that they will achieve the target of producing the 2 million ounces of gold in 2020 which is nearly 1.6 billion in the present. They also mine the metals like silver, copper, etc. with gold.
The market value of the stock is around $22.1 billion and the dividend payout is 13% in the present. In the past, it was seen that after the acquisition of Randgold for $65 billion, it has become one of the lowest cost mines in the world. The stock price of the company is around $12-13.
The market value cap of the company is $4.7 billion and the dividend payout in the recent past was 0.6%. It is the South Africa based company and also it is one of the leaders in the gold production as it has produced 34 million ounces of the gold in the year 2018 and having its operations in the different 9 countries over the globe. The company’s stock price was around $11-12 in the past few days.
The biggest advantage of investing in the gold stock is that you do not need to directly invest in gold but you can take advantage of the changes in the price of gold by purchasing the shares of these gold producing companies. Another benefit is that you will receive the cash dividend which you will not be able to get in the direct investment in the gold.