Investing in Gold can be ‘seen’ as a haven for many when confidence is low in the markets and the economy. Gold value per ounce is a regular metric being shared globally through daily news alongside a country’s currency and oil prices.
Regardless of your motivation to invest in gold, there are several ways to be exposed to gold; from buying gold bullion to investing in gold mining companies to investing in precious metal ETFs. In some cases, you can even have dividend-paying gold mining stocks.
Invest in Gold Bullion
If you want to own gold as is, then the bullion is for you. Investing in gold bullion is similar to buying currency in a way. You buy it at a certain price and hold it until you want to sell it. Gold prices fluctuate over time and it’s rated by the ounce.
To buy gold bullion, you can always use the Canadian Mint. There is a lot of information for buying, storing and trading precious metals with the Canadian Mint.
Invest in Gold ETFs
Above are just a few of the gold-producing companies out of many. Newmont, Barrick Gold, and Franco-Nevada are the top three major dividend-paying stocks if you want to invest in individual stocks.
If you are just getting started with gold, it might be easier to just get a gold ETF and buy a little bit of the many gold producers through an ETF. XGD from iShare tracks the S&P/TSX Global Gold Index Fund and contains 39 holdings.
Invest in Gold Dividend Stocks
These are some of the major players in the gold mining industry that paid a dividend with some amount of consistency. There are at least 13 dividend gold stocks on the TSX from what I can see today but only 4 have increased the dividend for more than 1 consecutive year.
Gold stocks tend to be inconsistent with dividends but again that’s not usually the reason for someone to invest in gold.
Ticker | Ticker | Company | Market Cap | P/E | Yield | Aristocrat | Graph | SectorID | IndustryID |
---|---|---|---|---|---|---|---|---|---|
NGT | TSE:NGT | Newmont | 83.64 | 0.00 | 1.85 | NO | 1 | 1 | 46 |
AEM | TSE:AEM | Agnico Eagle Mines | 55.30 | 66.45 | 1.95 | YES | 1 | 1 | 46 |
ABX | TSE:ABX | Barrick Gold | 47.95 | 23.47 | 1.98 | YES | 1 | 1 | 46 |
WPM | TSE:WPM | Wheaton Precious Metals Corp | 38.31 | 49.46 | 0.99 | YES | 1 | 1 | 46 |
FNV | TSE:FNV | Franco-Nevada Corp | 32.64 | 0.00 | 1.15 | YES | 1 | 1 | 46 |
K | TSE:K | Kinross Gold | 15.72 | 23.56 | 1.27 | NO | 1 | 1 | 46 |
AGI | TSE:AGI | Alamos Gold | 11.32 | 39.77 | 0.50 | NO | 1 | 1 | 46 |
YRI | TSE:YRI | Yamana Gold | 7.57 | 21.87 | 2.03 | NO | 1 | 1 | 46 |
BTO | TSE:BTO | B2Gold | 5.67 | 0.00 | 4.99 | NO | 1 | 1 | 46 |
OR | TSE:OR | Osisko Gold Royalties | 4.64 | 0.00 | 1.04 | NO | 1 | 1 | 46 |
CEE | TSE:CEE | Centamin PLC | 3.19 | 28.03 | 1.97 | NO | 1 | 1 | 46 |
DPM | TSE:DPM | Dundee Precious Metals | 2.46 | 9.49 | 1.58 | NO | 1 | 1 | 46 |
CG | TSE:CG | Centerra Gold | 2.13 | 12.00 | 2.79 | NO | 1 | 1 | 46 |
Agnico Eagle Mines
tse:aem | Basic Materials | Gold- Grade: B
- Market Cap: 55.30B (Large Cap)
- P/E: 66.45
- Dividend Yield: 1.95%
- Dividend Aristocrat: YES
- Dividend Growth Fit: 6/10
- Dividend Income Fit: 3/10
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
Dundee Precious Metals
tse:dpm | Basic Materials | Gold- Grade: C
- Market Cap: 2.46B (Mid Cap)
- P/E: 9.49
- Dividend Yield: 1.58%
- Dividend Aristocrat: NO
- Dividend Growth Fit: 3/10
- Dividend Income Fit: 4/10
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
B2Gold
tse:bto | Basic Materials | Gold- Grade: B
- Market Cap: 5.67B (Mid Cap)
- P/E: 0.00
- Dividend Yield: 4.99%
- Dividend Aristocrat: NO
- Dividend Growth Fit: 7/10
- Dividend Income Fit: 8/10
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
Franco-Nevada Corp
tse:fnv | Basic Materials | Gold- Grade: B
- Market Cap: 32.64B (Large Cap)
- P/E: 0.00
- Dividend Yield: 1.15%
- Dividend Aristocrat: YES
- Dividend Growth Fit: 6/10
- Dividend Income Fit: 3/10
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only