Mining stocks are investments in companies that produce or explore for minerals. Some of these minerals include uranium, coal, molybdenum (which is used in steelmaking), copper, silver and gold. They are affected by fluctuating commodity prices in addition to their own business and operating risks.
While sometimes risky, mining stocks can also be strong performers when commodity prices move up. However, due to the volatility of these stocks, Pat McKeough recommends that they only form a modest part of a well-balanced portfolio.
Canadian penny mining stocks are some of the riskiest stocks you can buy. These companies are trying to find mineral deposits that mine at a profit and such a find are exceedingly rare. Because of this, it’s even more important to look for investment quality in penny mines.
For example, we automatically rule out investing in penny mines that promote themselves too aggressively or do so misleadingly. The mine-finding effort is more likely to succeed if the managers focus on finding a mine rather than hyping their stock.
Junior mining stocks are usually smaller companies that typically take on riskier mining projects. However, if a junior mining stock is successful at finding and mining, it can mean huge returns for investors.
No matter what type of mining stocks, or other stocks you invest in, TSI Network recommends following our three-part Successful Investor strategy:
Invest mainly in well-established, mostly dividend-paying companies;
Spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; Consumer; Finance; and Utilities);
Downplay or avoid stocks in the broker/media limelight.
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ALAMOS GOLD $9.33 (Toronto symbol AGI; TSINetwork Rating: Speculative) (604-681-2802; www.alamosgold.com; Shares outstanding: 388.8 million; Market cap: $3.6 billion; Dividend yield: 0.6%) owns the Mulatos and El Chanate mines in Mexico, and the Young-Davidson and Island mines in northern Ontario.
AMERIGO RESOURCES $0.61 (Toronto symbol ARG; TSINetwork Rating: Speculative) (604-681-2802; www.amerigoresources.com; Shares outstanding: 180.2 million; Market cap: $109.9 million; No dividends paid) processes copper and molybdenum from the waste rock of the El Teniente mine in Chile.
That site is the world’s largest copper operation, and… Read More
BROADRIDGE FINANCIAL SOLUTIONS $133.20 New York symbol BR; TSINetwork Rating: Average) (201-714-3000; www.broadridge.com; Shares outstanding: 116.1 million; Market cap: $15.4 billion; Dividend yield: 1.5%) has completed the acquisition of the retirement plan custody and trust assets of TD Ameritrade Trust Company, a subsidiary of TD Ameritrade Holding Corp… Read More
IAMGOLD $4.83 (Toronto symbol IMG; TSINetwork Rating: Speculative) (1-888-464-9999; www.iamgold.com; Shares outstanding: 468.0 million; Market cap: $2.2 billion; No dividends paid) has reportedly attracted some takeover interest from China National Gold Group Corp., that country’s second-biggest gold miner.
The global gold-mining industry has, in fact, seen two recent acquisition deals:… Read More
Gold recently jumped to a six-year high after the U.S. Federal Reserve signalled it might reduce interest rates in the coming months because of the slowing global economy. A rate cut would likely lower the U.S. dollar and spur inflation. Typically, both of those factors… Read More
NEWMONT GOLDCORP $38.76 (New York symbol NEM; Shares o/s: 819.6 million; Market cap: $31.5 billion; TSINetwork Rating: Average; Divd. 1.4%; www.newmontgoldcorp.com) owns mines in North and South America, Australia and Africa.
The company is now the world’s largest gold mining company after its recent acquisition of Vancouver-based Goldcorp… Read More
An American Depositary Receipt, or ADR, is a certificate held by a designated U.S. bank and representing a foreign stock that trades on a foreign exchange.
ADRs can help you simplify investing in the global stock market by letting you buy foreign shares on U.S. exchanges… Read More
MAJOR DRILLING $3.91 (Toronto symbol MDI; TSINetwork Rating: Speculative) (1-866-264-3986; www.majordrilling.com; Shares outstanding: 80.3 million; Market cap: $313.2 million; No dividends paid) is a large contract driller that mainly serves the mining industry.
Major believes that mining activity continues to deplete the world’s more easily accessible mineral reserves. That… Read More
ALAMOS GOLD $7.47 (Toronto symbol AGI; TSINetwork Rating: Speculative) (604-681-2802; www.alamosgold.com; Shares o/s: 388.8 million; Market cap: $2.8 billion; Dividend yield: 0.7%) owns the Mulatos and El Chanate mines in Mexico, and the Young-Davidson and Island mines in northern Ontario.
In the three months ended March 31, 2019, Alamos’s… Read More
TECK RESOURCES LTD. $29 (www.teck.com) is a leading producer of metallurgical coal, a key ingredient in steelmaking. It also produces zinc and copper. The company recently completed its plan to buy back $400 million of its class B subordinate-voting shares, and now plans to repurchase an additional… Read More
NEWMONT GOLDCORP CORP. $32 (New York symbol NEM; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 819.6 million; Market cap: $26.2 billion; Price-to-sales ratio: 1.6; Dividend yield: 1.8%; TSINetwork Rating: Average; www.newmont.com) took its current form on April 18, 2019, when Newmont Mining acquired Goldcorp Inc. Newmont paid… Read More
WEIGHT WATCHERS INTERNATIONAL $19.46 (Nasdaq symbol WW; TSINetwork Rating: Extra Risk) (212-589-2700; www.ww.com; Shares o/s: 67.0 million; Market cap: $1.3 billion; No dividends paid) has expanded its weight-loss services to include “Wellness that works” programs. The move reflects the company’s goal of promoting healthy living, in general, rather… Read More
SHERRITT INTERNATIONAL $0.38 (Toronto symbol S; TSINetwork Rating: Speculative) (1-800-704-6698; www.sherritt.com; Shares outstanding: 397.3 million; Market cap: $154.9 million; No dividends) is now focused on nickel/cobalt production as well as oil, with operations mostly in Cuba.
The company’s long-term outlook is positive. But in the near term, it needs… Read More
ALAMOS GOLD $6.29 (Toronto symbol AGI; TSINetwork Rating: Speculative) (604-681-2802; www.alamosgold.com; Shares o/s: 389.1 million; Market cap: $2.6 billion; Dividend yield: 0.9%) has now received $8 million U.S. in shares of Metalla Royalty & Streaming (symbol MTA on the Toronto Venture Exchange) for royalties on 18 gold mines… Read More
YAMANA GOLD $3.06 (Toronto symbol YRI; TSINetwork Rating: Speculative) (416-815-0220; www. yamana.com; Shares outstanding: 948.9 million; Market cap: $3.1 billion; Dividend yield: 0.9%) has agreed to sell its Chapada copper mine in Brazil to Lundin Mining (symbol LUN on Toronto) for over $1.0 billion. (All figures except share… Read More
TECK RESOURCES LTD. $33 (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 574.9 million; Market cap: $19.0 billion; Price-to sales ratio: 1.5; Dividend yield: 0.6%; TSINetwork Rating: Extra Risk; www.teck.com) is a leading producer of metallurgical coal, a key ingredient in steelmaking. It also produces… Read More
NEWMONT MINING $35.95 (New York symbol NEM; Shares outstanding: 532.7 million; Market cap: $19.1 billion; TSINetwork Rating: Average; Dividend: 1.6%; www.newmont.com) has now agreed to fold its gold mines in Nevada into a new joint venture with Barrick Gold Corp. (Toronto symbol GOLD). As a result,… Read More
GLOBAL X COPPER MINERS ETF $22.63 (New York symbol COPX; buy or sell through brokers; www.globalxfunds.com) aims to track the Solactive Global Copper Miners Index, which includes 30 global mining and exploration firms. The ETF started up in April 2010.
Canadian firms make up 31.6% of the fund’s… Read More
Gold is up 7% over the last six months and now trades at $1,286 U.S. an ounce. Silver is up 2% to $14.90 U.S.
Those gains generally reflect the belief that slow global growth will hold back U.S. interest rate increases. That would strengthen the likelihood… Read More
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