Mining stocks are in focus; here is 3 to watch right now
The sector for mining stocks has been growing significantly in the last year. This started when the pandemic took over the world back in 2020. This caused mining stocks to explode in value as material prices skyrocketed. Gold and silver among other metals achieved new record highs in the market. Often investors will turn to mineral resources when the dollar is slipping.
There are plenty of mining stocks that are increasing in value all the time. There are other types of companies in this sector too, not just gold and silver related. Lithium stocks have been very bullish in the market lately. This momentum is powered by the growth of electric vehicles. EVs use lithium-ion batteries, and production numbers are going up consistently every year. Copper stocks have increased for similar reasons, as hundreds of pounds of the metal are used in most electric vehicles.
When investing in mining stocks, it is helpful to look at the most recent updates that have come from a company. World news is also very important when investing in mining stocks. This has been clear in the last year when it comes to the sector. Some may think there isn’t room to invest in mining stocks or that it is too late, but many still have a lot of potential right now. Let’s take a look at three mining stocks that have market potential right now.
Top Mining Stocks To Watch
- Livent Corporation (NYSE: LTHM)
- SSR Mining Inc. (NASDAQ: SSRM)
- Great Panther Mining Limited (NYSE: GPL)
Livent Corporation (NYSE: LTHM)
Livent Corporation is a lithium stock that sells lithium compounds that are used in batteries. Its lithium compounds are used in battery-grade lithium hydroxide, and much more. The company also provides lithium phosphate, lithium carbonate, and more. In the last year, this mining stock has experienced a lot of positive momentum in the market.
On June 30th, the company published its 2020 sustainability report. The President and CEO of the company Paul Graves said, “Despite the difficulties of the global pandemic, we made significant strides to advance our sustainability strategy and program, including setting bold new goals and improving our ESG performance and reporting in key areas. Our ongoing efforts are underpinned by the belief that the responsibility to operate in a safe, ethical, socially conscious, and sustainable manner is a fundamental obligation of our right to operate – and essential for the viability of our business.”
On Thursday, August 5th, 2021, the company will be releasing its second-quarter 2021 earnings. This is the next big date that investors of LTHM stock are looking forward to at the moment. On July 15th, the company’s stock price increased by 0.31%. Will you add LTHM to your list of mining stocks to watch?
SSR Mining Inc. (NASDAQ: SSRM)
SSR Mining Inc. is a stock that acquires land, explores it, develops it, and operates metal resource properties as well. Primarily, SSR will search for gold and silver deposits. Some of its projects include the Marigold mine that is located in Humboldt, Nevada, the Seabee Gold Operation in Canada, and the Puna Operations in Argentina.
SSR Mining has not released a lot of frequent updates recently. Yet still, SSRM stock price is going up in the market. On July 15th, SSRM stock increased by 1.72%. On August 4th, the company will put out a news release with its second-quarter consolidated financial results before the market opens. This is potentially when more momentum can be expected from SSRM stock. SSRM stock price has increased by nearly 3% in the last 5 days. So will SSR Mining enter your mining stock watchlist?
Great Panther Mining Limited (NYSE: GPL)
Great Panther Mining Limited is a mining penny stock that has shown positive market performance. The company’s primary focus is on mining and exploration operations. The minerals it looks for primarily are gold, silver, copper, lead, and zinc ores. Currently, it operates the Tucano gold mine, Guanajuato mine, among many others.
[Read More] Top Mining Penny Stocks To Watch
July 14th was a great day for Great Panther Mining, as it reported the resumption of mining in Tucano’s UCS pit and reported its second-quarter production results for 2021. President and CEO Robert Henderson stated, “I am pleased to report that mining of ore has resumed ahead of schedule in the Urucum Central South pit as the conditions affecting the stability of the west wall have improved significantly. The radar measurements of the west wall have shown a considerable reduction of movement compared to the earlier levels recorded over the past two months, and improved weather conditions are resulting in greater wall stability.”
In the last 5 days, GPL stock price has gone from $0.57 per share to $0.62 per share. The company’s stock price is not near the higher prices it achieved last year, but this is within reason. The company’s stock price grew as metals were reaching new record high prices. As the market is more stable than before, GPL stock is not skyrocketing like before. But due to its penny stock nature, GPL stock is much more unpredictable than your traditional mining stock. Keeping this in mind, will GPL make it on to your list of mining stocks to watch?
Hot Mining Stocks To Buy?
Buying mining stocks can be a difficult decision because of the sheer amount of companies out there. This is why doing proper research is essential, as it can help narrow down which company is best for your investment strategy. With this in mind, which companies are going to make it on to your mining stock watchlist in July?
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