I think these dividend-paying gold stocks are the best shares to buy now

first_img Our 6 ‘Best Buys Now’ Shares 5.0 Ounces 290,000–300,000 850–900 I think these dividend-paying gold stocks are the best shares to buy now Polymetal 900–1,000 791* 11.3 Russia Polymetal Highland Caledonia Russia and Kazakhstan Trans-Siberian Centamin * Historic performance; no forward guidance.As you can see, AISC looks good against a current gold price of over $1,700 per ounce. Only Caledonia’s cost guidance range goes above $1,000. And this is set to fall with the completion of a project this year delivering a large uplift in annual production from next year.Earnings multiples and dividendsOf course, as well as production and costs, the valuation of the companies’ shares is a major consideration. The table below shows their recent share prices and market capitalisations, and their price-to-earnings (P/E) ratios and dividends yields.The P/Es and yields are based on analysts’ earnings and dividend forecasts for 2020, with the exception of Trans-Siberian. It is releasing its 2019 results next month, and the forecasts are for that year. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. 38,000–42,000 1,600,000 2.2 Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Market cap (£m) Caledonia Centamin See all posts by G A Chester 81 5.2 Simply click below to discover how you can take advantage of this. 53,000–56,000 I’ve rated dividend-paying gold miners among my best shares to buy for some time. The havoc wreaked by the Covid-19 pandemic and massive ramp-up of money printing by the world’s central banks make safe-haven gold stocks even more attractive right now.Sure, the price of gold has risen to over $1,700 per ounce from nearly $1,500 at the start of the year, and the shares of miners have enjoyed significant gains. But when I look at UK gold stocks, I continue to see compelling earnings multiples. And profitable producers paying attractive dividends.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…My five best shares to buyBank of America caused a bit of a stir last month. In a report titled ‘The Fed can’t print gold’ it put an 18-month target on the yellow metal of $3,000 per ounce. However, I think owning shares in gold miners is the way to go. The ones that appeal to me are lower-cost producers. These companies can really make hay when prices are high, but also remain profitable at times when prices are softer. Dividends, which you don’t get from owning the metal itself, are another big attraction.There are some potential disadvantages to owning gold stocks. Below-par operational performance is one risk. And as the mines of most UK-listed gold companies are in far-flung places, currency risk is another.However, I reckon the risks can be mitigated by owning a small basket of mining stocks. To this end, my five best shares to buy are Polymetal, Centamin, Highland Gold Mining, Caledonia Mining, and Trans-Siberian GoldProduction and costsThe table below summarises the locations of the operations of the companies, and their guidance on 2020 production (ounces) and all-in sustaining costs (AISC). 510,000–540,000 166 Egyptcenter_img 1,223 7,766 9.7 AISC ($) Highland “This Stock Could Be Like Buying Amazon in 1997” Zimbabwe 943 Yield (%) 12.9 6.0 870–920 8.3 141 7.1 71 259 1,919 951–1,033 Enter Your Email Address Trans-Siberian I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. 5.0 Operations P/E G A Chester has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image source: Getty Images. Russia The P/Es range from undemanding for the two largest companies (FTSE 100-listed Polymetal and FTSE 250 member Centamin) to cheap sub-10 territory for the other three (all listed on the FTSE AIM market).Four of the stocks have highly attractive dividend yields of between 5% and 6%. Meanwhile, Caledonia’s 2.2%-yielding dividend is covered over six times by earnings, giving scope for the board to ratchet-up payouts in the future.Is Covid-19 a risk to my best shares to buy?The five miners have so far seen no significant impact from Covid-19 on their operations. It remains a risk. However, I think this geographically diversified basket of stocks offers some protection against an adverse development in any one country or region. G A Chester | Thursday, 28th May, 2020 1,646 Share price (p)last_img

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