With just over two months left in 2010, the price of gold is outperforming share prices of the world’s largest companies that mine the precious yellow metal.
For the year, 10 of the 12 largest gold companies have seen their shares rise as commodity prices elevate. On average, these gold stocks have returned a 15.9% gain. That compares to gold, which is up 21.1% for the year.
Take a look:
| Company | Share Price 12/31/09 10/22/10 |
Percent Change | Stock Chart | |
| Barrick Gold (NYSE: ABX) |
$39.38 | $46.13 | ↑17.1% |  |
| Goldcorp (NYSE: GG) |
$39.34 | $42.04 | ↑6.9% |  |
| Newmont Mining (NYSE: NEM) |
$47.31 | $59.37 | ↑25.5% |  |
| Newcrest Mining (ASX: NCM) |
$35.33 | $40.00 | ↑13.2% |  |
| AngloGold Ashanti (NYSE: AU) |
$40.18 | $45.70 | ↑13.7% |  |
| Kinross Gold (NYSE: KGC) |
$18.40 | $17.55 | ↓4.6% |  |
| Polyus Gold (Pink OTC: OPYGY) |
$27.55 | $31.10 | ↑12.9% |  |
| Agnico-Eagle Mines (NYSE: AEM) |
$54.00 | $70.10 | ↑31.7% |  |
| Gold Fields (NYSE: GFI) |
$13.11 | $15.32 | ↑16.9% |  |
| Yamana Gold (NYSE: AUY) |
$11.38 | $10.74 | ↓5.6% |  |
| Eldorado Gold (NYSE: EGO) |
$14.17 | $16.76 | ↑18.3% |  |
| IAMGOLD (NYSE: IAG) |
$15.64 | $17.49 | ↑11.8% |  |
| Average Gain | ↑15.9% | |||
| Dow Jones Gain to Date: ↑6.8% NASDAQ Gain to Date: ↑9.3% S&P 500 Gain to Date: ↑6.1% |
||||
| Gold’s Gain to Date |
↑21.1% | |||
The price of physical gold may be outperforming gold stocks for 2010. But one of the biggest complaints among anti-gold investors is that bullion doesn’t pay an income of any kind.
However, there are several gold stocks that do pay dividends.
In my recent report for Wealth Daily, titled The Definitive Guide to Gold Dividend Stocks, I give investors a current perspective of gold dividend stocks and reveal the top three highest-yield gold dividend stocks on the market today. You can read this report for free right now by clicking here or by copying and pasting the following link into your internet browser’s address bar: http://www.wealthdaily.com/articles/the-definitive-guide-to-gold-dividend-stocks/2788
Good Investing,
Luke Burgess
Editor, Wealth Daily
Investment Director, Hard Money Millionaire and Underground Profits
