Investing

Goldman Sachs Pounds Table on Gold as Market Implodes: 8 'Strong Buy' Stocks With Dividends

Barrick Gold

This is another top gold stock, and it still offers a solid entry point. Barrick Gold Corp. (NYSE: GOLD) and Randgold Resources completed their merger on January 1, 2019. This created the world’s largest gold company in terms of production, reserves and market capitalization.

The company 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.

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 1.69% dividend yield. BofA Securities has a $27 price target, while the consensus target is $28.41. Friday’s close at $23.73 a share was down over 2% for the day.

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).

The company recently reported that gold production in first quarter of 2022 was 209,365 ounces, including 12,892 ounces of attributable production from Calibre Mining, which was 5% above budget. In addition, consolidated gold revenues for the quarter were $366 million, up 1% year over year, due in part to a higher average realized gold price, which was offset by lower gold ounces sold. In the first quarter, the company sold 195,100 ounces of gold for a very solid $1,874 per ounce.

The company also reported that the total consolidated gold production figure was 5% lower than the prior-year quarter due to the previously planned significant waste stripping campaign, in addition to lower mined ore tonnage at the Fekola mine in the first quarter of 2022, as Fekola Pit continues to be developed.

Investors receive a 3.48% dividend. BofA Securities has set a $5.85 price target on B2Gold stock. The consensus target is in line at $5.87, and shares closed on Friday at $4.49, which was down just over 4% for the day.

Gold Fields

This company posted solid earnings and looks to be breaking out of a double top high. Gold Fields Ltd. (NYSE: GFI) operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, West Africa, Australia and Peru.

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