Mining Stocks
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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Mining Stocks Library Archives
NEWMONT CORP., $41.41, remains a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Shares outstanding: 1.1 billion; Market cap: $47.3 billion; TSINetwork Rating: Average; Dividend yield: 2.4%; www.newmont.com) continues to make progress with its plan to sell six of its less-important mines....
MAJOR DRILLING, $8.70, is a buy. This large contract driller (Toronto symbol MDI; TSINetwork: Speculative) (majordrilling.com; Shares o/s: 81.8 million; Market cap: $712.0 million; No divids.) is now acquiring Explomin Perforaciones, a specialty drilling contractor based in Peru....
Like most silver stocks, Hecla Mining is heavily influenced by silver prices. But we think the direction of silver prices—and for Hecla shares—is upward. Meanwhile, the company has made a good addition to its board of director.
HECLA MINING, $5.62, is a buy. This silver and gold miner with four mines (New York symbol HL; TSINetwork Rating: Extra Risk) (www.hecla-mining.com; Shares outstanding: 637.0 million; Market cap: $3.6 billion; Dividend yield: 0.3%) has just added a new member to its board of directors—one with a Canadian connection.
The company has appointed Jill Satre to the board, effective October 16, 2024....
HECLA MINING, $5.62, is a buy. This silver and gold miner with four mines (New York symbol HL; TSINetwork Rating: Extra Risk) (www.hecla-mining.com; Shares outstanding: 637.0 million; Market cap: $3.6 billion; Dividend yield: 0.3%) has just added a new member to its board of directors—one with a Canadian connection.
The company has appointed Jill Satre to the board, effective October 16, 2024....
Nutrien’s shares are down over 50% from their April 2022 peak following Russia’s invasion of Ukraine, which caused a big spike in potash prices. However, potash supplies and prices later declined. Even so, the company’s stands to gain from a rising global population and the need for more and better food....
IAMGOLD, $6.99, is a buy. The miner (Toronto symbol IMG; TSINetwork Rating: Speculative) (www.iamgold.com; Shares outstanding: 570.3 million; Market cap: $4.0 billion; No dividends paid) has bounced back from a recent drop that came after Burkina Faso’s President Ibrahim Traore mentioned during a radio interview on October....
Whatever the near-term outlook for gold, we think top-quality gold stocks like Alamos and Lundin—both hitting all-time highs—remain buys. That’s in part because of their prospects for increased production and cash flow—regardless of precious metal prices.
ALAMOS GOLD INC., $27.46, is a buy. Through the shares (Toronto symbol AGI; TSINetwork Rating: Extra Risk) (www.alamosgold.com; Shares outstanding: 419.7 million; Market cap: $11.5 billion; Dividend yield: 0.5%) investors tap into the company’s Mulatos mine in Mexico as well as its Young-Davidson and Island mines in northern Ontario.
As well, the gold miner recently completed the acquisition of Argonaut Gold and its Magino mine in northern Ontario for $325 million U.S....
ALAMOS GOLD INC., $27.46, is a buy. Through the shares (Toronto symbol AGI; TSINetwork Rating: Extra Risk) (www.alamosgold.com; Shares outstanding: 419.7 million; Market cap: $11.5 billion; Dividend yield: 0.5%) investors tap into the company’s Mulatos mine in Mexico as well as its Young-Davidson and Island mines in northern Ontario.
As well, the gold miner recently completed the acquisition of Argonaut Gold and its Magino mine in northern Ontario for $325 million U.S....
NEWMONT CORP., $54.00, remains a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Shares o/s: 1.1 billion; Market cap: $59.4 billion; TSINetwork Rating: Average; Dividend yield: 1.9%; www.newmont.com) is the world’s largest gold miner, with major operations in North America, South America, Australia, and Africa....
These three resources producers are making acquisitions and investing in big new projects. These moves help bolster their reserves and set them up for more growth in the next few years. For now, however, we prefer mining firms Alcoa and BHP over oil producer APA for your new buying.
APA CORP....
APA CORP....
BARRICK GOLD, $27.36, is a Power Buy. The miner (Toronto symbol ABX; TSINetwork Rating: Average) (www.barrick.com; Shares o/s: 1.8 billion; Market cap: $48.0 billion; Yield: 2.0%) has announced that its feasibility study for the expansion of its Lumwana mine in Zambia is expected to be completed by the end of this year, with construction slated to commence in 2025.
The expansion aims to transform the mine into a long-life, high-yield operation, placing it among the top 25 global copper producers....
The expansion aims to transform the mine into a long-life, high-yield operation, placing it among the top 25 global copper producers....
NUTRIEN LTD. $64 is a buy. The company (Toronto symbol NTR; Aggressive Growth Portfolio, Resources sector; Shares o/s: 494.6 million; Market cap: $35.6 billion; Price-to-sales ratio: 1.0; Dividend yield: 4.1%; TSINetwork Rating: Average; www.nutrien.com) is the world’s largest producer of agricultural fertilizers, including potash, nitrogen and phosphate....