By Peter Chu,
BELOW are the three companies in the Gold industry with the highest dividend yields. Dividends can enhance returns for investors seeking income in addition to capital gains.
Nevsun Resources (AMEX:NSU) is highest with a dividend yield of 4.0%. Nevsun Resources Ltd. is a gold producer and base metal developer. The Company has a gold-copper-zinc mine in Eritrea.
Nevsun Resources (AMEX:NSU) has potential upside of 46.5% based on a current price of $3.42 and analysts’ consensus price target of $5.01. Nevsun Resources shares should first meet resistance at the 200-day moving average (MA) of $3.69 and find additional resistance at the 50-day MA of $3.79.
Goldcorp (NYSE:GG) is next with a dividend yield of 2.6%.
Finishing up the top three is Yamana Gold (NYSE:AUY), with a dividend yield of 2.6%.