Dividend-News
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3 Undervalued Gold Related Dividend Picks
Published Mon, 14 May 2012 05:01:19 -0400 on Seeking Alpha
Since the latest top of nearly $1800 per troy ounce on the last day of February, the price of gold has steadily declined during the last two months nearly 12% to its current level of around $1580 per troy ounce. On the other hand, the debt clock continues to spiral ever higher and the Greek and Eurozone concerns have not had any sort of meaningful resolution. Income Investors should look at this current pullback as a potential to add to their gold related assets on speculator weakness. Since I am an income oriented investor, I decided to take a look at three precious metal related dividend payers who I feel are currently undervalued. They are AngloGold Ashanti (AU), Freeport-McMoran (FCX), and GAMCO Global Gold and Natural Resources Income Trust (GGN).
AngloGold Ashanti
This company focuses a majority of its production effort on gold reserves. It is an Africa-centric producer with... Read more
| Stock name | Last trade | P/E | Earnings/Share | Dividend/Share | Dividend yield | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GABELLI GLOBAL GOLD NAT RES & INC TRUST | 4.44 | 0.0 | 0.00 | 0.00 | 13.48 | |||||||
| FREEPORT-MCMORAN COPPER & GOLD | 10.37 | 23.6 | 0.44 | 0.20 | 1.98 | |||||||
| ANGLOGOLD ASHANTI | 19.59 | 0.0 | 0.00 | 0.05 | 0.27 |