News about <![CDATA[FCX]]> News about en-us <![CDATA[Earnings on Tap: PotashCorp, Freeport-McMoRan, and Suncor]]> <![CDATA[Q1 2014 Earnings on Tap: Potash, Miners, and Agribusinesses Report]]> The first quarter earnings season of 2014 is well on its way, with several bellwethers reporting both hits and misses. On the commodity producer front, Alcoa (AA) kicked off the season. AA reported revenues of $5.45 billion, below the expected $5.56 billion, and earnings of $0.09 per share, which managed to beat analyst estimates of $0.05. Agribusiness giant Monsanto (MON) managed to beat both EPS and revenue estimates, posting quarterly revenues of $5.83 billion and earnings of $3.15 per share [for more commodity news and analysis subscribe to our free newsletter]. See the full story here

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<![CDATA[Cuba Going Capitalistic? Time for Cuba Stocks?]]> Habana Lonja del Commercio
Stock Exchange
Do you realize that Cuba used to have a stock exchange? It was located in Havana during the early 1900's.  (See picture.)

Cuba must really be hurting for cash. The county needs to bring businesses in and they are doing whatever they can to attract them. The government is waiving taxes and cutting taxes, plus banning expropriations, according to the proposed law.Although the new laws are not perfect, they are a step in the right direction.

Other good news about Cuba:
- eased restrictions on Cuban Americans traveling to Cuba
- Cuban Americans allowed to send money to their Cuban relatives
- U.S. telecom companies are now allowed to do business in Cuba.

It will be interesting to see which American companies jump on the bandwagon and set up operations there. If you are looking for companies that already have a foothold in Cuba, here are a few companies that have Cuban connections, according to

The best way of investing in Cuba on a diversified basis is through the Herzfeld Caribbean Basin Fund Inc. (CUBA). It is a closed end fund which is a diversified way of playing the Cuba economy. It invests in stocks of the of the Caribbean Basin Countries and the United States, which are expected to benefit from economic growth in Cuba, Jamaica, the Bahamas and other countries. The CEF recently declared a $1.14 per share year end distribution payable in stock.

Sherritt International (SHERF) is a Toronto, Ontario based mining, and oil, and gas company that is one of the largest foreign investors in Cuba, having more business in Cuba than any other Canadian company. A major portion of their revenues are generated by the Moa Mine in Cuba, formerly owned by Freeport-McMoRan Copper (FCX), as a joint venture with a Cuban government company. They also operate Varadero, Canasí, Yumuri, Puetro Escondido oil and gas fields which they have leased in Cuba. In addition, Sherritt owns, Energas, the Cuban electric utility. The stock trades on the Toronto Stock Exchange in Canada and on the Pink Sheets in the United States, and recently generated negative earnings of 2.27 cents per share. The stock, which trades for a little over $3 per share, has 2.26 in cash per share and a 10.66 book value.

There may be more cruise travel to Cuba. So companies such as Carnival Corp. (CCL), and Royal Caribbean Cruises Ltd. (RCL) should also benefit. Carnival yields 2.5% and Royal Caribbean pays a yield of 1.8%.

For a list of ten Cuba related stocks, which has information on the PE ratio, the forward PE, the PEG, and the yield, go to

Author didn't own any fo the above at the time the article was written.

Do you realize that in the last month and a half, the price of gold has risen 11%, whereas the S&P 500 has only gone up by 3.3% over the same period of time. The share prices of gold mining companies have also started taking off. The Market Vectors Gold Miners ETF (GDX) is up 18.1%, and the Market Vectors Junior Gold Miners ETF (GDXJ) up 26.1%.

Investors can not only achieve capital appreciation on their gold mining shares but also dividend income from certain companies, as yields on these stocks are fairly high, compared to what you could receive from a bank account. Keep in mind though that some of the gold mining companies link their dividends to the price of gold, and even those that don't could easily cut their dividends if the price of bullion drops. According to the free list of high yield gold mining stocks at, there are over 20 gold stocks that pay out dividend yields, ranging from 0.4% to over 6%.

Freeport-McMoRan Copper & Gold (FCX) is a major producer in the precious metals sector. The world's largest publicly traded copper company, it also mines for gold, molybdenum, cobalt, silver, and several other metals. This Phoenix, Arizona based miner has operations in North America, South America, Indonesia, and Africa. The stock trades at 12 times trailing earnings and 10 times forward earnings. Earnings for the latest quarter were down 4.8% on a revenue boost of 30.4%. The stock pays a very generous 3.9% yield, and dividends are paid quarterly.

Another high yield gold company is Yamana Gold, Inc. (AUY), a Toronto, Ontario, Canada based miner which explores for and produces gold, copper, molybdenum, zinc, and silver, from its properties in Brazil, Chile, Argentina, and Mexico. The stock trades at 25 times trailing earnings and 24 times forward earnings. The latest quarterly revenues were down 33.2%. The stock pays a CD beating yield of 1.5%. Dividends for this company are also paid out quarterly.

For more of a silver play, there is Silver Wheaton Corp. (SLW), the Vancouver, Canada company which yields 1.4%. The stock has a trailing P/E ratio of 21 and a forward P/E of 28. Quarterly revenues were up 3.2% but earnings dropped 35.6%.

The yields on these stocks can help reduce some of the volatility and return your capital quicker. Just remember, that companies can reduce (or increase) their dividend payouts at any time. For a list of the other high yield gold and silver mining stocks, which can be downloaded, sorted, and updated, go to

Disclosure: Author didn't own any of the above at the time the article was written.