Which are the top 5 Canadian Gold mining companies

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I would like to invest in a Canadian company in the Gold mining industry that has a solid record of paying dividends and is in excellent financial shape

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Asked on August 27, 2020 1:41 pm
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Hi there,

There are many gold stocks out there that fit the bill. We have Kirkland Lake Gold (KL) on our BULL List for a reason. We think it offers good value, has healthy growth potential and has been growing its dividend at an impressive clip. It also has no debt.

A similar story with Alamos Gold (AGI) a steady player that is entering a period of signifcant cash generation. I am long this company, and also think it provides good value and growth prospects.

Another one that comes up often is Endeavor Minning (EDV). This however, is a little more risking as it has significant assets in West Africa - this brings additional risk. It is however cheap, has impressive growth rates and is expected to introduce a dividend soon. We just created a custom report for this stock (under Custom Stock Reports)

Franco-Nevada (FNV) is one of the premier gold stocks in the country and as such, is one of our Foundational Stocks. As a streamer, is has a lower cost profile and has the longest dividend growth streak in the industry. It was the only gold stock to NOT cut the dividend during the last bear market.

Finally, Agnico Eagle (AEM) is another solid play. Strong growth rates, rising dividend, no debt but will pay a premium for this one at today's prices. I think looking at any of these is a good starting point.

Mat

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Posted by Mathieu Litalien
Answered on August 27, 2020 7:03 pm