Commodities & Metals

5 Buy-Rated Dividend Gold Stocks May Be the Perfect Protection Against Inflation

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) and 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. Those mines achieved record quarterly gold production in the third quarter of 2021.

Investors receive a 3.54% dividend. The $5.45 BofA Securities price target compares with a $5.72 consensus target for B2Gold stock, which closed Friday at $4.67.

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 also is involved in the extraction and processing of gold-containing ores, reclamation of gold-mining properties and the production and sale of silver. The company posted quarterly earnings that were much lower than a year ago but topped the consensus estimates, offering an earnings surprise of 40%.

Shareholders receive a 1.73% dividend. BofA Securities has its price target at $8.10. The consensus target is $9.75, and Kinross Gold stock closed at $6.94 on Friday.

Wheaton Precious Metals

This precious metals royalty stock makes good sense for more conservative investors who are looking to have exposure to the sector. Wheaton Precious Metals Corp. (NYSE: WPM) is a Canadian precious metals streaming company with approximately 60% of its revenues from the sale of silver and 40% from gold.

Under the terms of long-term contracts, the company purchases silver and gold from a variety of mines, including Goldcorp’s Penasquito mine in Mexico, Vale’s Salobo mine in Brazil, the Lundin Mining Zinkgruvan mine in Sweden, and Glencore’s Antamina and Yauliyacu mines in Peru, and then sells the silver and gold into the open market.

Shareholders receive a 1.28% dividend. The BofA Securities price target is $53.50. The Wheaton Precious Metals stock consensus target is $57.48. Shares last closed at $44.59


The SPDR Gold Shares ETF (NYSEARCA: GLD) is perhaps one of the best pure plays on gold for investors. The trust that is the sponsor of the fund holds physical gold bullion as well as some cash. Each share represents one-tenth of an ounce of the price of gold. It should be noted that the fund does not pay a dividend.

Proper asset allocation should always include at least a single-digit percentage holding of precious metals like gold and silver. Not only do they hedge inflation (which could be huge now and over the long term), but they can really help if the market does go into correction or bear market mode, as they tend to trade inversely to markets.