Top Mining Stocks To Buy Or Sell
Mining stocks are holding key price points in 2021 so far. The price of gold itself has managed to stay above $1,800 per ounce despite vaccines being released, the inauguration, and more. The news can often impact mining stocks in a variety of ways. As you know, news has been more relevant in this sector in the last year than ever before. News is the primary way to get information that could directly affect the prices of precious metals and mining stocks. News from the big media companies is not the only way to keep track of what is going on though. If you are looking to invest in mining stocks, have a look at news in the sector as well. This includes gold futures, mine closures, mineral price movements, and more. Earnings season is rapidly approaching for not just mining stocks but many companies in the market.
February could be a defining month for a large amount of companies. At the moment, the pandemic is still roaring on with cases not dropping lower anywhere. The vaccine distribution is currently not fast enough to keep up with the amount of infections. This is a partial reason for how mining stocks have been able to hold the price points they are at this moment. The companies are able to sell their minerals for higher prices due to the increases and holding as a result of the pandemic. Nobody knows what will actually happen to the sector once the pandemic finally slows down. Nobody even knows when this could potentially happen at the moment. For now, it can be confusing where to invest in the market of mining stocks. So let’s highlight four mining stocks that have shown positive performance in recent times.
Top Mining Stocks To Buy Or Sell
- Comstock Mining Inc. (NYSE: LODE)
- Lithium Americas Corp. (NYSE: LAC)
- American Battery Metals Corporation (OTC: ABML)
- NovaGold Resources Inc. (NYSE: NG)
Comstock Mining Inc.
The first mining stock to watch is Comstock Mining Inc. Comstock Mining is an exploration, development, and production based mining company. It primarily searches for gold and silver in the Nevada region. Its two segments consist of mining and real estate. Comstock’s mining section owns 9,300 rough acres of mining claims and parcels. The company’s real estate section has a variety of leased rooms, cottages, bar, restaurant, and a ranch. Let’s look at Comstock’s 2021 performance so far.
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The latest update from Comstock comes from January 7th. On this day the company announced its 2020 achievements. It also updated the progress on MCU ownership, Philippines deployment and strategic objectives. The CEO of the company, Mr. Corrado De Gasperis said, “We sustained all of our scheduled cost reductions and subsidies, repaid our senior secured debt and implemented our realignment objectives in 2020, positioning ourselves for new, high-growth, activities.” LODE stock price is at $1.30 per share on average as of January 29th.
Lithium Americas Corp.
Next up on this mining stock list is Lithium Americas Corp. Lithium Americas is a resource exploration company that searches for lithium deposits in a variety of locations. The company has 100% interest in the Cauchari-Olaroz Project, Thacker Pass project, and more. The projects in question are located in Argentina and Nevada. Now let’s have a look at the current performance of Lithium Americas and LAC stock in 2021.
The most recent update from this company is from January 22nd. Lithium Americas announced the closure of a $400 million underwritten public offering. Lithium Americas issued 18,181,818 common shares at $22 per common share. The net proceeds will be used to fund the development of the Thacker Pass lithium project, and corporate and working capital purposes. That is the latest we have heard from Lithium Americas. LAC stock price is at $20 per share on average as of January 29th.
American Battery Metals Corporation
Now let’s talk about American Battery Metals Corporation. This company will explore, mine, extract, and recycle battery metals. It currently owns 647 placer mining claims across 12,940 acres of land. All of the company’s land is located in Nevada. Let’s have a look at its recent stock performance in 2021 so far.
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On January 5th, this company’s stock price was at $0.91 per share on average. Now on January 29th, this company is at $3.30 per share on average. The most recent update from the company comes from January 28th. American Battery Metals was selected for a $4.5 million grant by the U.S. Department of Energy advanced manufacturing office. This funding is a part of the department’s efforts to reduce American dependence on imported materials. The chief technology officer of the company, Ryan Melsert stated, “We are proud to have been selected for this opportunity along with our industry partners after undergoing a rigorous competitive assessment over the past six months.” That is what is currently impacting ABML stock price.
NovaGold Resources Inc.
The final company on this list of mining stocks is NovaGold Resources Inc. NovaGold is a mining company that explores for and develops gold mineral properties in the United States. It owns a 50% interest in the Donlin Gold project that has 493 mining claims. This area covers 71,420 acres in Alaska. Let’s check out the final company on this list’s recent performance in the market in 2021.
On January 27th, NovaGold reported its fiscal year 2020 financial results. The company announced that its Donlin Gold project exceeded expectations in 2020. NovaGold and Barrick’s joint venture had zero on site COVID cases and no lost time incidents. The company yielded higher drilled grade thicknesses than predicted, and much more positive results. NG stock is nearly at $9.80 per share as of January 29th. That is why the company has made it onto this mining stock list. In the last year NG stock has increased despite struggles due to the pandemic. It will be interesting to see what direction the company goes from here.
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