Barrick holds a 50% interest in the Veladero mine located in the San Juan Province of Argentina; 50% interest in the KCGM, a gold mine located in Australia; 95% interest in Porgera, a gold mine located in Papua New Guinea; 50% interest in the Zaldavar, a copper mine located in Chile; and 50% interest in the Jabal Sayid, a copper mine located in Saudi Arabia.
The company also owns gold mines and exploration properties in Africa and gold projects located in South and North America, and it has a strategic cooperation agreement with Shandong Gold Group.
Investors receive a 2.75% dividend. BofA Securities has a $22 price target, and Barrick Gold stock has a consensus target of $23.16. Wednesday’s closing share price was $16.35.
B2Gold
This is a small-cap gold stock for investors who are more aggressive and 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).
During the third quarter, the company recorded consolidated gold production of 295,723 ounces, up 19% year over year on solid performance across three of its operating mines. B2Gold increased throughput at the Fekola mill and completed the significant waste stripping campaigns at both Fekola and Otjikoto mines. The Fekola and Otjikoto mines achieved record quarterly gold production in the third quarter of 2021.
B2Gold stock comes with a 5.18% dividend. BofA Securities has set its price target at $4.80. The consensus target is $4.83, and Wednesday’s close was at $3.10.
Franco-Nevada
This off-the-radar play offers numerous ways for investors to make money. Franco-Nevada Corp. (NYSE: FNV) operates as a gold-focused royalty and streaming company in North America, Latin America and elsewhere. The company manages its portfolio with a focus on precious metals, such as gold, silver and platinum group metals, and it also engages in the sale of crude oil, natural gas and natural gas liquids.
While the company is one of the leading gold-focused royalty and streaming companies with the largest and most diversified portfolio of cash-flow producing assets, its business model provides investors with gold price and exploration optionality while limiting exposure to cost inflation. Those are traits that some of the others do not offer.
The dividend yield is just 0.96%. The $170 BofA Securities target compares with a consensus target of $158.80 and the $144.26 close for Franco-Nevada stock on Wednesday.
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