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10 Best-Performing Mining Stocks in 2010

7. Alliance Holdings (AHGP), a mining stock with top dividend yield, is a limited partnership formed to own Alliance Resource Management GP, LLC., the managing general partner of Alliance Resource Partners (ARLP).

The company had a return-on-equity of 45% over the past 12 months, ranked among the top ROEs of coal producers, after Alliance Resource Partners' 63% and Cloud Peak Energy's (CLD) 62%. Among others, James River Coal (JRCC), Consol Energy (CNX) and Walter Energy (WLT) have ROEs of around 43%, 33% and 31%, respectively.

In addition to providing attractive stock returns, AHGP offers an attractive dividend yield of 4.2%. Late October, the company increased quarterly distribution to 50 cents, up 13.6% from a year earlier. The quarterly dividend payment gradually increased to the current levels from 21.5 cents paid in early 2006.

For the current quarter, AHGP is expected to report earnings of 67 cents per share, in comparison with the 43 cents per share in the year-ago period. According to analysts polled by Bloomberg, the company is set to report earnings of $2.85 per share for 2010 and $3.21 per share for 2011, compared to $1.91 a share during 2009. Of the five analysts covering the stock, two recommend buying, while three advise selling.

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