Mexicana Airlines was sued on Wednesday for at least $841 million by a Texas company that accused Mexico's new state-run airline of several breaches of contract that undermined its ability to help the carrier get off the ground.
Brazil's Cooxupe, the country's No. 1 coffee exporter and the world's largest coffee growers co-op, reported on Wednesday a large fall in 2023 shipments due to low prices and logistics bottlenecks.
Dry weather in Argentina's main agricultural regions over the next week will benefit the start of soy and corn harvests after recent heavy rains, the Buenos Aires Grains Exchange said on Wednesday.
Thursday’s stocks and acres reports from the U.S. Department of Agriculture always present volatility risks for grain markets since the outcomes are often unpredictable.
Private investor Don Hansen has honed his resource sector investment approach for more than 20 years, and he shared his latest research in a conversation with the Investing News Network.He discussed the US dollar's rise and fall as the world's reserve currency, as well as how China is shifting away from the dollar and toward gold. Hansen also went over data on the inverse relationship between the gold price and the S&P 500 (INDEXSP:.INX), explaining how decades-long patterns show where both are heading."The exciting part to me is when we look at the previous data you can see that the stock market phase is about to end. It's at a very high level and it's at the end of its period," he explained during the interview. Hansen also mentioned the Buffett Indicator, a measurement of the size of the US stock market against the size of the economy. It's produced by dividing the aggregate market cap of all US stocks by the latest quarterly GDP number. "In the long-run average of 70 years, that number is about 75 percent," he said. "In 2000, before the dot-com crash, that number was 145 percent ... Guess what it is now? It's 180 percent. So we are due." Hansen encouraged investors to add gold to their portfolios, and has spoken previously about how to build a portfolio of gold and silver stocks. To watch those interviews, click the links below: Gold and Silver Stock Analysis with Expert Don HansenGold and Silver Stock Leverage with Expert Don HansenGold and Silver Portfolio Building with Expert Don HansenGold and Silver Stock Evaluation with Expert Don HansenUS Debt and Currency Collapse with Expert Don HansenYou can also click the the timestamps below to view specific parts of the interview above:0:00 — Intro 0:44 — How US dollar became reserve currency 3:37 — Decline of US dollar as reserve currency 8:56 — China's de-dollarization and shift to gold 14:12 — Gold price vs. S&P 500 20:17 — Gold supply vs. demand 25:18 — Final thoughts from Don 31:18 — Outro Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Goldman Sachs (NYSE:GS) is maintaining its bullish stance on commodities as they continue to enjoy strong cyclical and structural support, and as the US and Europe move closer to cutting interest rates. The American investment bank said it sees raw materials potentially returning 15 percent in 2024. “We find that US rate cuts in non-recessionary environments lead to higher commodity prices, with the biggest boost to metals (copper and gold in particular), followed by crude oil,” Bloomberg quotes analysts Samantha Dart and Daan Struyven as saying in a note this past Sunday (March 24). “Importantly, the positive impact on prices tends to increase with time, as the growth impulse from looser financial conditions filters through.”Copper and gold have already rallied during the first quarter of the year, with the former moving past US$9,000 per metric ton and the latter breaching the US$2,200 per ounce mark to reach an all-time high. Goldman is calling for copper to break US$10,000 by the year's end and for gold to hit US$2,300. Other commodities, such as aluminum and oil products, are also set to make continuous climbs. Aluminum is expected to reach US$2,600 per metric ton by 2024's end, while Brent crude is likely to stay "well supported" between US$70 and US$90 per barrel. The bank also underscored the role of commodities as a geopolitical hedge.While Goldman is positive on the sectors mentioned, the same cannot be said for battery metals, where its outlook is more bearish. "Within the industrial metals, the segment with the most bearish fundamentals remains battery materials ... we believe it is too early to call a decisive end to these respective bear markets,” the bank said. Battery metals — which include lithium, nickel, and cobalt — have seen increases in demand alongside production growth for wind turbines, solar panels and electric vehicles (EVs). However, prices for these metals have taken a tumble in the last 18 months due to factors including oversupply and lower sales volumes from EV manufacturers. Goldman anticipates 2024 price declines of 9 percent, 13 percent and 27 percent decline for cobalt, nickel and lithium carbonate, respectively. With that in mind, it encourages taking a selective approach in the commodities sector. Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
If you're interested in investing in gold stocks, it's worth taking a look at the top ASX gold stocks that pay dividends.A dividend is a sum of money that is paid regularly by a company to a class of its shareholders out of its earnings. Dividends are often issued as cash payments, but can also be issued as stock or other property.Read on for a deeper look at gold dividend stocks and a breakdown of the top five dividend-paying ASX gold stocks.
What is a gold dividend stock?
A dividend is essentially a reward that is paid to shareholders for their investment in a company’s equity. Dividends generally comes from a company’s net profits — while the majority of a company’s net profits stay within the company as retained earnings, an outstanding portion can be divided up and distributed to shareholders.Dividends are generally a sign that a company is flourishing, but there are times when a firm may still make dividend payments even when it's not achieving suitable profits. This tends to happen when a company wants to maintain confidence by keeping up with its established track record of regular dividend payments.In the past, investors didn’t always look to gold stocks as a way to obtain a dividend. However, a rising number of gold miners now pay — and often raise — dividends. If investors select the right ones, they can set themselves up to profit handsomely from both a steady stream of dividend income and the strong capital gains available in resource investing.A dividend is especially attractive in the sometimes volatile gold sector because it gives investors a degree of security — put simply, if a company pays a dividend, it generally feels that it has the cash to do so, and will have the ongoing profits it needs to keep those payments coming. On the whole, dividend-paying companies tend to outperform the market when it’s rising, and perhaps more importantly, decline less than average in a falling market.When it comes to ASX-listed gold stocks, dividends also have tax advantages — thanks to Australia's dividend tax credit, dividends from eligible Australian corporations have an advantage over interest income.
How to pick a dividend-paying gold stock?
So how can investors pick the right dividend-paying gold stocks? A key indicator to consider is dividend yield, which you can figure out when you take the miner’s total yearly dividend payments and divide them by its share price. This allows investors to glean how much they will get back in dividends based on each dollar they have invested.That said, it is important to keep in mind that simply picking stocks with high dividend yields may not be entirely beneficial. This is due to the fact that a company’s dividend yield can be high because its share price has dropped, which is an obvious indicator of serious risk — not only to the dividend, but to the investment as a whole. To get a true measure of the stability of a company’s dividend, you have to look deeper. Here are three other factors to consider before putting money into a gold dividend stock:A history of paying a dividend (and ideally raising it) — The more established the company’s dividend is, the less likely it is to cut or eliminate it in the near future.A healthy balance sheet — Look for a company with a significant cash balance and low debt.A reasonable payout ratio — The payout ratio is an indicator of whether a company can maintain its dividend; it is calculated by dividing the per-share dividend payment by net earnings per share. A payout ratio of 80 percent or less indicates that a mining stock has the flexibility to both maintain its dividend and make the investments it needs to boost its production or take on further exploration.
Which ASX gold stocks have the highest dividends?
Below we’ve outlined five of the top ASX-listed gold dividend stocks based on dividend yields. Data for this article was gathered using TradingView’s stock screener on March 20, 2024, and companies had market caps of over AU$50 million at the time.
1. Rand Mining (ASX:RND)
Dividend yield: 7.30 percent; current share price: AU$1.37; market cap: 77.92 millionRand Mining explores for and produces gold via mineral properties in Western Australia. Its primary focus is the East Kundana Joint Venture, which comprises two producing underground mines, Raleigh and Rubicon/Hornet /Pegasus.Rand holds a 12.25 percent interest in the project along with Northern Star Resources’ subsidiary Gilt Edge Mining (51 percent), and Tribune Resources (36.75 percent).Rand Mining pays an annual dividend of AU$0.10, with the most recent dividend payment made on November 30, 2023.
2. Beacon Minerals
Dividend yield: 4 percent; current share price: AU$0.024; market cap: 93.92 millionBeacon Minerals (ASX:BCN) is a gold mining and exploration company operating in the Eastern Goldfields of Western Australia, Jaurdi and MacPhersons. The Jaurdi gold project hosts the Lost Dog open pit and the Jaurdi processing plant. The MacPhersons project hosts two resources, MacPhersons Reward and Tycho, along with several small historic underground mines and exploration prospects. As part of its goal to expand the mine life at Juardi, the company recently inked a binding deal to acquire a 100 percent interest in the Mt Dimer tenements from Aurumin for AU$3 million.Beacon’s gold production for its fiscal year 2023 came in at 29,110 ounces. Its fiscal year 2024 gold production guidance is in the range of 24,000 ounces to 27,000 ounces for the year.The company’s last dividend payment of AU$0.001 per share was paid on December 8, 2023.
3. Northern Star Resources (ASX:NST)
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Company Profile
Dividend yield: 2.20 percent; current share price: AU$13.40; market cap: 15.9 billionNorthern Star Resources has world-class projects in both Australia and North America.Since the acquisition of the high-grade, low-cost Paulsens gold mine in 2010, the miner has continued to build a portfolio of high-quality, high-margin mining operations with the aim of delivering maximum returns to its shareholders.The company also owns the Jundee gold mine, which it purchased from Newmont (TSX:NGT,NYSE:NEM) in 2014 for AU$82.5 million. The project is well known due to the fact that it solely uses underground mining and not the often utilised open-pit mining. As part of its growth strategy, Northern Star is targeting 2 million ounces of production per annum by 2026.Northern Star’s dividend has grown at a yearly rate of around 15 percent over the past five years. The company next biannual dividend payout of AU$0.15 will be paid out on March 28, 2024.
Buy now ,
4. Perseus Mining (ASX:PRU)
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Company Profile
Dividend yield: 1.79 percent; current share price: AU$2.00; market cap: 2.86 billionPerseus Mining has three operating gold mines in West Africa: Edikan in Ghana, and Sissingué and Yaouré in Côte d’Ivoire. Its acquisition of Orca Gold in 2022 gave it control of 70 percent of the Meyas Sand gold project in Sudan.Perseus annual gold production for 2023 came to 528,486 ounces at an all-in site cost of US$984 per ounce, and reported a revenue increase of 22 percent on the previous fiscal year. The company's robust financials prompted a bonus dividend payout for 2023.Perseus Mining's next dividend payment for 2024 will come to AU$0.0125 per share on April 5.
Buy now ,
5. Gold Road Resources (ASX:GOR)
Dividend yield: 1.42 percent; current share price: AU$1.505; market cap: 1.68 billionGold Road Resources is a mid-tier Australian gold producer and explorer with projects across Western Australia, South Australia and Queensland.The company holds a 50 percent interest in the Gruyere joint venture project in Western Australia with one of the world’s top gold producing companies, Gold Fields (NYSE:GFI). One of Australia’s top gold mines, Gruyere is a high-grade, low-cost, open-pit gold mine with a mine life of more than 10 years.The company’s next dividend payment will come to AU$0.01 per share on April 2, 2024.
This is an updated version of an article first published by the Investing News Network in 2019.Don’t forget to follow us @INN_Australia for real-time updates!Securities Disclosure: I, Melissa Pistilli, currently hold no direct investment interest in any company mentioned in this article.
FXEmpire.com - Natural gas pulls back below Tuesday’s low to test support at the 8-Day MA. Support and the low of the day for Wednesday was at 1.70, at the time of this writing, and the 8-Day line is at 1.70. As of Monday’s 1.59, swing low (C), natural gas began the second leg up
Chicago Board of Trade (CBOT) corn and soybean futures ticked down on Wednesday as traders adjusted positions ahead of U.S. Department of Agriculture (USDA) quarterly grain stocks and prospective plantings reports due on Thursday.
Major food safety, environmental and animal rights groups have sued the U.S. Food and Drug Administration seeking to force it to reconsider approvals for a widely-used livestock growth drug they say is putting human health at risk and causing stress in farm animals prior to slaughter.
Brazilian soybean production will total 156.5 million metric tons this year, an agribusiness consultancy said on Wednesday after surveying fields nationally and estimating planted area expansions in the world's largest producer and exporter.
Brazilian agribusiness consultancy Agroconsult on Wednesday increased its 2023/24 soybean crop estimate for Brazil to 156.5 million metric tons after surveying fields nationally and estimating an expansion of planted area in the world's largest producer and exporter.
Following are analysts' estimates for 2024 U.S. plantings of cotton, sorghum and small grains ahead of the U.S. Department of Agriculture's planting intentions report, scheduled for release at noon EDT (1600 GMT) on Thursday, March 28.
(RTTNews) - The Federal Reserve Bank of Dallas released the results of its Dallas Fed Energy Survey on Wednesday, revealing activity in the oil and gas sector was relatively unchanged in the first quarter of 2024.
FXEmpire.com - Gold
Gold 270324 Daily Chart
Gold tests resistance at $2190 – $2200 as Treasury yields pull back. Demand from central banks stays strong, and gold has a good chance to climb above the $2200 level.
A revolt by U.S. airline bosses helped topple Boeing's top leadership including CEO Dave Calhoun this week, capping weeks of pressure after the freakish Jan. 5 blowout of a door plug on an Alaska Airlines 737 MAX 9 passenger jet
U.S. private forecaster AccuWeather expects an above-average 2024 Atlantic hurricane season with a near-record number of storms and a greater than usual risk of direct impacts in parts of Florida, Texas and the Carolinas, it said on Wednesday.
Non-commercial market participants reduced their net short position in Euronext's milling wheat futures and options in the week to March 22, data published by Euronext showed on Wednesday.
The U.S. is going to build its first primary aluminium smelter in 45 years. The Biden-Harris administration has awarded $500 million to Century Aluminum towards the construction of a new "green" low-carbon smelter.