Barrick also owns gold mines and exploration properties in Africa and gold projects located in South America and North America. It also has a strategic cooperation agreement with Shandong Gold Group.
Barrick Gold stock investors receive a 3.00% dividend. BofA Securities has a $25 price target, which compares with a $22.28 consensus target and Wednesday’s close at $18.34 a share.
B2Gold
This is a small-cap gold stock for aggressive investors looking for sector exposure. B2Gold Corp. (NYSE: BTG) is a global, growth-oriented mid-tier gold producer whose primary assets include gold mines located in Nicaragua (La Libertad and El Limon), the Philippines (Masbate), Namibia (Otjikoto) and Mali (Fekola).
When the company posted solid results in January, BofA Securities noted this:
BTG announced fourth quarter 2022 results and 2023 guidance. Q4 results were strong as expected and up 62% quarter-over-quarter. 2023 guidance showed production within the range of consensus expectations yet costs/capex were higher. 2023 capex includes significant investment into growing production at Fekola which we view as a high-return opportunity.
The dividend yield here is 4.22%. The $4.30 BofA Securities price target is less than the $5.02 consensus target, but B2Gold stock closed on Wednesday at $3.80.
Kinross Gold
Investors who are more aggressive may want to consider this smaller-cap mining company. Kinross Gold Corp. (NYSE: KGC) engages in the acquisition, exploration and development of gold properties principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana and Mauritania.
The company is also involved in the extraction and processing of gold-containing ores, reclamation of gold mining properties and the production and sale of silver.
Kinross announced last month that it has acquired deemed beneficial ownership of 5,018,017 common shares of Allegiant Gold issuable upon exercise of common share purchase warrants previously acquired by Kinross. The warrants were acquired as part of the previously announced investment in Allegiant completed on March 17, 2022. Pursuant to the investment, Kinross purchased 10,036,034 units of Allegiant, representing 9.9% of its issued and outstanding shares. Each unit consisted of one common share and one-half of one common share purchase warrant.
Investors receive a 2.76% dividend. BofA Securities has set its price target at $4.90, while Kinross Gold stock has a consensus target of $5.49. Wednesday’s closing share price was $4.33.
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