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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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
NEWMONT MINING CORP. $36 (New York symbol NEM; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 532.7 million; Market cap: $19.2 billion; Price-to-sales ratio: 2.6; Dividend yield: 1.6%; TSINetwork Rating: Average; www.newmont.com) is one of the world’s largest gold and copper producers. Its mines are in… Read More
AMERIGO RESOURCES $1.12 (Toronto symbol ARG; TSINetwork Rating: Speculative) (604-681-2802; www.amerigoresources.com; Shares outstanding: 177.3 million; Market cap: $200.2 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
NEWMONT MINING $34.02 (New York symbol NEM; Shares outstanding: 532.7 million; Market cap: $18.1 billion; TSINetwork Rating: Average; Dividend yield: 1.7%; www.newmont.com) is now the subject of a takeover bid by Barrick Gold (symbol ABX on Toronto). Barrick is offering 2.5694 of its shares for each Newmont share.
The… Read More
IAMGOLD $4.51 (Toronto symbol IMG; TSINetwork Rating: Speculative) (1-888-464-9999; www.iamgold.com; Shares outstanding: 450.7 million; Market cap: $2.0 billion; No dividends paid) holds 92.5% of the Cote gold project in Ontario. Construction had been expected to start early this year, with production beginning in late 2020. At full capacity,… Read More
MAJOR DRILLING $4.65 (Toronto symbol MDI; TSINetwork Rating: Speculative) (1-866-264-3986; www.majordrilling.com; Shares outstanding: 80.3 million; Market cap: $373.4 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
TECK RESOURCES LTD. $31 (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 574.9 million; Market cap: $17.8 billion; Price-to sales ratio: 1.4; Dividend yield: 0.6%; TSINetwork Rating: Extra Risk; www.teck.com) is a leading producer of metallurgical coal, a key ingredient in steel making. The reserves… Read More
NEWMONT MINING $33.71 (New York symbol NEM; Shares outstanding: 532.7 million; Market cap: $18.0 billion; TSINetwork Rating: Average; Dividend yield: 1.7%; www.newmont.com) has agreed to a buy Vancouver-based Goldcorp Inc. (Toronto symbol G) for $9.1 billion.
The new company—called Newmont Goldcorp—will produce up to 7.. Read More
AMERIGO RESOURCES $1.00 (Toronto symbol ARG; TSINetwork Rating: Speculative) (604-681-2802; www.amerigoresources.com; Shares o/s: 177.3 million; Market cap: $171.9 million; No dividends paid), processes copper and molybdenum from the waste rock of the huge El Teniente mine in Chile.
Amerigo has other deals to process material at the nearby… Read More
NEW GOLD $1.37 (Toronto symbol NGD; TSINetwork Rating: Speculative) (888-315-9715; www.newgold.com; Shares outstanding: 575.5 million; Market cap: $792.9 million; No dividends paid) is up over 30% since the start of 2019. That’s in large part due to the improved 2018 fourth-quarter performance of its troubled Rainy River mine… Read More
IAMGOLD $4.24 (Toronto symbol IMG; TSINetwork Rating: Speculative) (1-888-464-9999; www.iamgold.com; Shares outstanding: 450.7 million; Market cap: $2.2 billion; No dividends paid) owns 41% of the Sadiola gold mine in Mali; 90% of the Essakane mine in Burkina Faso; 100% of the Westwood mine in Quebec; and 95% of… Read More
TECK RESOURCES LTD. $30 (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 573.6 million; Market cap: $17.2 billion; Price-to sales ratio: 1.4; Dividend yield: 0.7%; TSINetwork Rating: Extra Risk; www.teck.com) is a leading producer of metallurgical coal, copper and zinc.
Teck’s new growth projects should fuel… Read More
YAMANA GOLD $3.19 (Toronto symbol YRI; TSINetwork Rating: Speculative) (416-815-0220; www. yamana.com; Shares outstanding: 948.9 million; Market cap: $2.9 billion; Dividend yield: 0.8%) owns and operates seven gold mines, in Canada, Brazil, Chile and Argentina.This includes the Cerro Moro gold/silver mine in Argentina. It started up in mid-2018.
Yamana… Read More
ALAMOS GOLD $4.63 (Toronto symbol AGI; TSINetwork Rating: Speculative) (604-681-2802; www.alamosgold.com; Shares outstanding: 266.3 million; Market cap: $1.8 billion; Dividend yield: 0.6%) owns the Mulatos and El Chanate mines in Mexico, and the Young-Davidson and Island mines in northern Ontario.
The company also has a number of development projects… Read More
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