Are these mining stocks on your watchlist this week?
If you’ve had your eye on mining stocks this year, it is still a great time to invest in the market. Sure, there’s a lot of volatility because of the pandemic, but many of these assets are still rising in value all the time. Mining stocks are usually impacted by things like world news, sector news, and company news. Unemployment reports have been a big impacting factor on mining stocks in the last year as well. But with so many mining stock options to choose from, how do you know which to invest in?
There are a few things you can look at before investing in mining stocks. For example, investors can look at charts and recent volume data to get a better idea of where a company is at. Looking at a company’s current projects can be very helpful too. A multi-faceted company with a lot in its pipeline may look more promising than one with less going on. Whether you’re day trading mining stocks or playing the long game, there are a lot of options to choose from in the market.
Gold and silver stocks are seemingly the most popular in the sector. These stocks are a way for investors to put money into the metals without physically holding them. There are also lithium stocks, which is one of the fastest-growing mining sectors at the moment. This is because of the usage of lithium-ion batteries in electric vehicles and consumer electronics. Copper, lead, iron ore, uranium, and steel are other mining sectors that often perform well in the market too. Let’s now look at three mining stocks that could make your watchlist this week.
Top Mining Stocks To Watch
- Hecla Mining Company (NYSE: HL)
- Coeur Mining Inc. (NYSE: CDE)
- Harmony Gold Mining Company Limited (NYSE: HMY)
Hecla Mining Company (NYSE: HL)
Hecla Mining Company is a company that provides base metals. This company is involved in the discovery, acquisition, development, and production of its metals. From its properties, Hecla offers lead, zinc, bulk concentrates, and carbon materials. Additionally, Hecla offers gold and silver bullion bars to precious metal traders. All of the company’s properties are located in North America.
On September 14th, it provided an exploration update. The company announced that drilling at its Greens Creek and Casa Berardi is on track to replace reserves by the end of the year. Its Midas exploration at the Green Racer Sinter continued expanding its high-grade gold and silver mineralization too. The decline of Hollister has advanced and drilling of the Hatter Graben can start in the fourth quarter of this year.
President and CEO Phillips S. Baker Jr. said, “As we have adapted to operating in a pandemic, we have been able to increase drilling and expect growth in reserves and resources. We continue to have exciting results in Nevada where at Midas we are seeing similar structural controls on high-grade mineralization at Green Racer Sinter as those observed at the mine’s historically producing veins leading us to add a third drill rig and at Hollister where underground drilling will begin soon.” Keeping this latest update in mind, will HL stock enter your watchlist this week?
Coeur Mining Inc. (NYSE: CDE)
Coeur Mining Inc. is a company that produces precious metals in North America. The company doesn’t just produce these metals, it also explores for, develops, and sells them as well. Primarily, Coeur searches for gold, silver, zinc, and lead. Currently, it has a 100% interest in the Palmarejo mine, Rochester mine, Kensington mine, and the Wharf mine among many others.
A few months ago, Coeur reported its second-quarter results for 2021. The company announced that its revenue went up 6% quarter over quarter in this period. The company’s revenue also rose 39% year over year. Its gold and silver production rose 12% and 60% year over year respectively. In company history, it achieved a new quarterly drilling record from itys largest exploration campaign ever.
Mitchell J. Krebs, the CEO and President of Couer said, “We anticipate production to continue increasing during the second half of 2021, particularly from our Wharf and Rochester operations, and expect to achieve our full-year production guidance for both gold and silver. We also accelerated investment on the POA 11 expansion project at Rochester during the quarter.” It will be interesting to see how Coeur performs in the future. For now, will CDE make your list of mining stocks to watch?
Harmony Gold Mining Company Limited (NYSE: HMY)
Harmony Gold Mining Company is a company that explores for, extracts, and processes gold. All of the company’s operations take place in Papua New Guinea and South Africa. Harmony engages in various surface treatment operations. One of its main properties is the Witwatersrand Basin open-pit mine on the Kraaipan Greenstone Belt.
In August, the company reported an operations update for the year ended June 30, 2021. Harmony experienced a big rise in revenue and earnings during this period. In total, its revenue went up 45.2% year over year, which was great for the company. Harmony’s reported translation gain on its U.S. dollar-denominated debt was higher year over year as well. The company’s net debt fell 52% year over year. HMY stock often moves with the price of gold itself in the market. So will HMY make your mining stock watchlist in September?
Mining Stocks To Watch In September
Do you want to invest in mining stocks in September? Well, if you made it to this point, it is possible that your knowledge about the sector has expanded. There are many mining stocks that are going up in value at the moment. The world is still in an evolving state with things like the pandemic and the recent Suez Canal issue impacting the market. As time goes on, we will see how mining stocks are impacted by further world events. For now, which mining stocks will you be watching as the month nears a close?
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