The case for gold and its miners is compelling for two reasons. First, gold can serve as a strategic hedge against inflation. Secondly, some top miners extract silver and other essential commodities in industrial applications. Spot gold has exploded to all-time highs above the levels hit in the summer of 2020 and currently trades above the $2,500 level. From a technical perspective, if the fighting in the Middle East expands, the gold market could have a potentially massive breakout.
We screened our 24/7 Wall Street commodity database, looking for the top mining companies that pay dependable (sometimes big) dividends. Three top stocks make the cut, all rated Buy at well-known Wall Street firms, and all three trade at less than $15 per share.
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