Ways to Earn Income from Gold

Yesterday, the Wall Street Journal ran an article on the many options of gold investing. But what about the investors who like and want income from their gold investments? Since the beginning of October, gold has dropped around 3.5% based on the return on the SPDR Gold Shares (GLD) ETF. Maybe income gold stocks warrant a closer examination.

Gold stocks with yields help reduce risk. Based on the free list at WallStreetNewsNetwork.com, there are over twenty dividend paying gold stocks, and ten of them with yields greater than 1.5%. As a matter of fact, you can own a gold mining stock that pays its dividends in gold or silver, your choice. Gold Resource Corp, which trades on the New York Stock Exchange, (GORO) offers silver dividends to its shareholders, in addition to the options of gold or cash dividends.

Freeport-McMoRan Copper & Gold Inc. (FCX) is a high yielding gold miner which increased the dividend back in April from 25 cents per quarter to 31.3 cents, giving the stock a 3.6% yield. Freeport trades at 12.5 times trailing earnings and 8.6 times forward earnings. It pays a very favorable yield of 3.0%, and pays its dividend quarterly.

Another dividend paying gold mining stock is Yamana Gold Inc. (AUY) with a yield of 1.4%. The stock has a current price to earnings ratio of 34.5 and a forward PE of 13.7. The company was recently upgraded by HSBC Securities from Neutral to Overweight.

There are plenty of other gold mining stocks with dividends including Rio Tinto plc ADR (RIO), offering a yield of 2.8% and Newmont Mining Corporation (NEM), paying 2.5%.

For a free list of over twenty high yield gold and silver stocks, which you can download, sort, and update, go to WallStreetNewsNetwork.com.

Disclosure: Author didn't own any of the above at the time the article was written.

By Stockerblog.com

Gold at the Highest Level Since February - Top Gold Income Stocks

If you have been watching the price of gold recently, you would have noticed that gold has been trading at its highest level since the end of February of this year. Many analysts believe that god, and the gold mining stocks, still have a long way to go. Investors that want to participate may want to look for the gold mining companies that pay dividends in order to help reduce risk. According to WallStreetNewsNetwork.com, there are over twenty dividend paying gold stocks, with more than ten with yields in excess of 1.5%.

One example is Freeport-McMoRan Copper & Gold Inc. (FCX), which increased the dividend back in April from 25 cents per quarter to 31.3 cents, giving the stock a 3.6% yield. Freeport trades at 12.5 times trailing earnings and 8.6 times forward earnings. It pays a very favorable yield of 3.0%, and pays its dividend quarterly. Earnings tanked by 48% for the latest quarter, with revenues dropping 23%.

Yamana Gold Inc. (AUY) is another gold stock that pays a decent quarterly dividend, offering a payout rate of 1.4%. The stock has a current price to earnings ratio of 34.5 and a forward PE of 13.7. The company was recently upgraded by HSBC Securities from Neutral to Overweight. Quarterly earnings for the latest quarter were down 78% on a 6.6% reduction in revenues.

A few other high yield gold stock ideas are Rio Tinto plc ADR (RIO), paying a yield of 2.8% and Newmont Mining Corporation (NEM), yielding 2.5%.

For a free list of over twenty high yield gold and silver stocks, which you can download, sort, and update, go to WallStreetNewsNetwork.com.

Disclosure: Author didn't own any of the above at the time the article was written.

By Stockerblog.com