For yield-hungry investors, Park says there are seven gold miners with market caps of $5 billion or more that offer dividends of greater than 1 percent. The list includes Barrick, Newmont, Gold Fields, Agnico-Eagle, Buenaventura Mining, Harmony Gold, and Yamana Gold.
[See What the Latest Fed Policy Means for Your Money.]
If you're looking for broad exposure to all gold mining stocks, Park suggests two ETFs: Market Vectors Gold Miners (GDX) and Market Vectors Junior Gold Miners (GDXJ). The former provides exposure to the largest mining stocks, and the latter offers exposure to "junior" miners—those that are considered small and midsize stocks.
Twitter: @benbaden
Reader Comments Read all comments (1)
joe smith of NY 3:49PM August 23, 2011