Stock Quotes in this Article: FCX, GG, GOLD

The following commentary comes from an independent investor or market observer as part of TheStreet’s guest contributor program, which is separate from the company’s news coverage. The opinions expressed are those of the author and do not represent the views of TheStreet or its management.

SAN FRANCISCO (Stockerblog) -- On Monday, the price of gold penetrated up through the $1,500-an-ounce level again. On Monday's "Mad Money," Jim Cramer interviewed Mark Bristow, the CEO of Randgold Resources (GOLD), which Cramer considers to be the best high-risk/high-reward gold miner, with the risk due to the fact that much of the company's operations are in African countries with significant investment concerns.

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    Randgold, which is one of over 20 stocks on WallStreetNewsnetwork.com's list of dividend-paying gold mining stocks, pays a small yield of 0.2%. It trades at 14 times forward earnings.

    In terms of gold's future, Randgold's Bristow said on the show that the price of gold has a "lot of upside." So for more conservative investors, what gold stocks are worth looking into?

    Cramer mentioned that he liked Goldcorp (GG), one of the few gold miners that pays dividends monthly. Payouts have been made regularly since 2005. The current yield on the stock is 0.9%. The stock sports a forward price-to-earnings ratio of 18. It has mines in Canada, the U.S., Mexico and Central and South America.

    Freeport-McMoRan Copper & Gold (FCX) is a stock that pays quarterly and currently yields 2.0%. The company has operations in North and South America, Indonesia and the Democratic Republic of Congo. It trades at 8 times forward earnings.

    For a free list of gold mining stocks that pay dividends that can be downloaded and updated, visit WallStreetNewsnetwork.com.


    Author did not own any of the above at the time the article was written.

    Fred Fuld III, the publisher of stock and bond investing blog Stockerblog and founder of WallStreetNewsNetwork, has been in the financial services industry for over 20 years, working as an investment advisor, options market maker at the Pacific Stock Exchange, vice president of a San Francisco money management firm, university faculty member and wholesaler for the New Alternatives Fund (the first environmentally conscious mutual fund). He is the author of the books Investing in Brazil Stocks and The Green Light on Green Stocks.