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Highlights
- Franco-Nevada paid a quarterly dividend of US$ 0.34 per share, and its dividend yield was 1.04 per cent.
- At the time of writing, the market cap of Franco-Nevada was US$ 25.01 billion.
- Barrick Gold Corp engages in associated tasks such as mine development and exploration.
Physical gold ownership is expensive and challenging. So, purchasing gold-related equities could help individual investors to add the necessary exposure to their portfolios. Early in March, gold prices were strong, and several stocks in the precious metals industry reflected this strength.
Not all gold stocks, nevertheless, perform better than gold. Investors must pick the greatest gold stocks with diligence.
In this article, we are exploring two US gold stocks, and let's see how they have performed recently.
Franco-Nevada Corporation (NYSE:FNV)
The company manages a diverse portfolio of precious metals and royalty streams that it owns to get the majority of its income. Franco-Nevada paid a quarterly dividend of US$ 0.34 per share, and its dividend yield was 1.04 per cent at the time of writing.
In Q3 2022, the revenue of the gold mining company was US$ 304.2 million, and its net income amounted to US$ 157.1 million.
At the time of writing, the market cap of Franco-Nevada was US$ 25.01 billion, and its return on equity was 13.05 per cent.
Barrick Gold Corporation (NYSE:GOLD)
In addition to producing and marketing gold and copper, Barrick Gold Corp engages in associated tasks such as mine development and exploration. The business sells its copper and gold on the international market.
The company said a stronger fourth quarter from Cortez, Carlin, and Tongon culminated in producing 4.14 million ounces of gold.
In Q4 2022, the net cash from operating activities jumped to US$ 795 million from US$ 758 million in Q3 2022. Meanwhile, the adjusted net earnings were down to US$ 220 million from US$ 224 million in the same period.
During the share buyback program that Barrick launched in February 2022, in addition to the dividends paid in 2022, 24.25 million shares were repurchased. Due to this, more money than the previous record-breaking US$ 1.4 billion in distributions was given back to shareholders in the form of dividends and share buybacks during the year, totalling US$ 1.6 billion.
