The six dividend-paying mining stocks to purchase are rising amid record-setting prices worldwide for copper, iron ore, steel and aluminum, according to BoA Global Research. Those prices have jumped more than 20% above their average for the past decade, the investment firm wrote in a recent research note. It seems likely that wider inflationary pressures may not abate “imminently,” BoA wrote in a May 25 research report. In addition, a range of companies have been highlighting plans to protect their margins by raising prices.
“Freeport-McMoRan Inc. (NYSE:FCX) is my favorite of the big players. While sales dipped 1% last year, I wouldn’t be shocked to see them soar 55% in 2021,” said Hilary Kramer. “I recommend having a base inflation-hedge in gold through exchange-traded funds (ETFs),” Carlson continued. Carlson, who also leads the Retirement Watch investment newsletter, told me he likes iShares Gold Trust (NYSE:IAU). Many people like SPDR Gold Shares (NYSE:GLD), Carlson told me. Brazil-based Vale (NYSE:VALE) is one of the world’s largest global mining companies and operates in about 30 countries with a mission of transforming natural resources into “prosperity and sustainable development.” Phoenix, Arizona-based Southern Copper (NYSE:SCCO), one of the largest integrated copper producers in the world with possibly the largest copper reserves, is among of the six dividend-paying mining stocks to buy as inflation hedges. Los Angeles-based Reliance Steel & Aluminum (NYSE:RS), a diversified metal solutions provider and the largest metals service center company in North America, operates a network of about 300 locations in 40 states and 13 countries outside of America.
Source: Dividend Investor
Related Articles:
Six Dividend-paying Mining Stocks to Purchase as Inflation Concerns Mount
Posted by D4L | Thursday, June 24, 2021 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
Dividend Growth Stocks News
~
Popular Posts Last 30 Days
-
If you're worried about inflation rearing its ugly head next year, you should probably worry about more likely catastrophes, such as bei...
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
We screened our 24/7 Wall St. dividend equity research database and found 5 stocks that combined can generate over $3,000 of annual passive ...
-
The stock market has been on an upward path of late, with some of the most prominent stocks hitting astronomical highs. The dividend yield o...
-
Dividend growth stocks can be incredibly attractive investments if you crave recurring income. As these types of stocks raise their dividend...
-
The most dependable dividend stocks typically have a long track record of sustaining payouts through different market cycles. Companies with...
-
Dividends can be a tremendously powerful part of your investing strategy. Not only can they give you a continuing source of cash to reinvest...
-
In my opinion, there are three criteria investors should consider when evaluating a particular stock for their portfolio. The first is histo...
-
In this article, we discuss 5 best March dividend stocks to buy. If you want to read our detailed analysis of dividend capture strategy and ...
-
As the broader stock rally broadens to some of the more “boring” corners of the market, it’s the higher-yielding dividend plays that could s...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.