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The top 10 worst stocks in November

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) recorded a 2.8% price gain during November 2016, but these 10 stocks all saw their share prices hammered.

Company Share Price Market Cap ($m) Price change
Cardinal Resources Ltd (ASX: CDV) $0.23 $69.8 -63%
Metals X Limited (ASX: MLX) $0.63 $378.7 -57%
Paladin Energy Ltd (ASX: PDN) $0.07 $119.9 -47%
CSG Limited (ASX: CSV) $0.70 $220.5 -45%
Hills Ltd (ASX: HIL) $0.37 $85.8 -45%
S2 Resources Ltd (ASX: S2R) $0.26 $65.2 -39%
Alkane Resources Limited (ASX: ALK) $0.34 $169.2 -37%
Blackham Resources Ltd (ASX: BLK) $0.46 $131.0 -36%
Adairs Ltd (ASX: ADH) $1.67 $277.0 -33%
Beadell Resources Ltd (ASX: BDR) $0.31 $324.7 -32%

Source: Google Finance, S&P Global Markets Intelligence

It probably won’t be a surprise to learn that a number of gold miners are on the list – given the spot gold price has been in freefall since early November. Cardinal Resources, Alkane, Blackham and Beadell are all gold miners.

Metals X is a diversified miner with gold, nickel, tin, cobalt and copper assets, but most of its price decline is due to the demerger earlier this week of its gold business into Westgold Resources Ltd.

We’ve covered the woes of uranium miner Paladin Energy Ltd earlier, but it’s not the first time we’ve warned investors to be wary of the miner given the heavily depressed uranium price.

CSG Ltd is a print and business solutions provider, but saw its share price hammered in mid-November following a profit downgrade, that may indicate that the company is facing structural issues.

Hills is trying to turn its business around after diversifying its business too far, but was forced to put the demerger of its Health Solutions business on hold, “due to current market volatility”.

S2 Resources has seen its share price slide on what appear to be poor exploration results.

And finally homewares retailer Adairs shocked the market with a profit downgrade at the start of November which saw its share price hammered.

Big, Fat, Dividends

This company’s dividend is almost the stuff of legends. Its reliable cash flows support a high payout ratio, and the company’s stash of franking credits are the cherry on the top of the dividend cake. Based on the last 12-months of dividends, shares are offering a fully-franked 6.5% yield, which grosses up to a whopping 9.3%, when those franking credits are included.

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Motley Fool writer/analyst Mike King doesn't own shares in any companies mentioned. You can follow Mike on Twitter @TMFKinga

The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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