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 America and North America. It also has a strategic cooperation agreement with Shandong Gold Group.
Investors receive a 3.35% dividend. Barrick Gold has a $23 price target at Raymond James. That compares with the $21.17 consensus target and Friday’s close at $16.44 a share.
B2Gold
This is a small-cap gold stock for aggressive investors looking for sector exposure. B2Gold Corp. (NYSE: BTG) operates as a gold producer with three operating mines: the Fekola Mine in Mali, the Masbate Mine in the Philippines and the Otjikoto Mine in Namibia.
The company also has a 25% interest in Calibre Mining and approximately 19% interest in BeMetals. In addition, it has a portfolio of other evaluation and exploration assets in Mali, Uzbekistan and Finland.
The BofA Securities team remains bullish on the small-cap miner and noted recently that results missed their consensus as production was preeported, and costs were slightly above expectations. Operating guidance for 2022 was reiterated, implying a very strong fourth quarter of 2022 both on production and cash costs. In addition, a process to sell Gramalote will be initiated before the year is out. Lastly, the company reported the results of the Fekola Complex study expected in the second quarter of 2023.
B2Gold stock comes with a 4.47% dividend. The BofA Securities price target is $4, while the consensus target is $4.92. Shares most recently closed at $3.58.
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 returned approximately $300 million of capital to its shareholders year to date through its enhanced share buyback and quarterly dividend programs, or approximately $0.23 per share. Full-year return of capital is expected to be approximately $450 million. Since launching an enhanced share buyback program in September, the company has repurchased approximately $180 million in shares, or 60%of the $300 million planned for 2022.
The dividend yield here is 2.78% dividend. The $7.50 Raymond James price target is well above the $5.51 consensus target and Friday closing price for Kinross Gold stock of $4.31.
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