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Newmont Corporation (NEM $123.86)
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Barrick Mining Corporation (ABX $68.05)
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Royal Gold Inc. (RGLD $290.07)
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Barrick Mining Corporation (B)
Q: I'm a little upset with the Fact that Newmont, after such a year in gold, has decided to only increase its dividend by 1%.
I understand that they'll need the money to probably buy Barrick american asset.
What would you think of selling part of my NEM investment to buy Barrick.
Since NEM in on the US side of my porte-feuille, what would you think of replacing this investment by Royalgold?
Thank you
I understand that they'll need the money to probably buy Barrick american asset.
What would you think of selling part of my NEM investment to buy Barrick.
Since NEM in on the US side of my porte-feuille, what would you think of replacing this investment by Royalgold?
Thank you
5i Research Answer:
ABX (B in the US) and NEM have near-identical one year returns (174% and 176%). But B has a 3.42% dividend yield and NEM 0.84%. They will both have the same influences, and we would be fine with a switch here. RGLD is much smaller, and has lagged B, so we would stick with B in a switch.