Which Mining Stocks Are You Watching This month?
Several factors are influencing the price of mining stocks right now. The COVID-19 pandemic is the first of these. The pandemic has largely subsided in the United States, and most restrictions have been eased. COVID-19, on the other hand, is still a major concern in many other countries. Many material prices skyrocketed last year as a result of the pandemic, and many are still performing well this year.
So you’re probably wondering which mining stocks are doing well right now. Lithium stocks, for example, are a strong performer. The performance of lithium-based mining firms has been excellent for one main reason. In the last decade, electric vehicles have taken the world by storm. At the time, traditional gold and silver mining equities are also performing nicely. There are a slew of other industries to keep an eye on, including uranium, steel, copper, and iron ore, to name a few.
Before you invest in mining stocks, there are a few things you should know. The first is keeping up with all of the sector’s news, as well as global news. Looking at the volume of a mining stock might help you predict if it will move up or down in the near future. Investing in mining stocks should not be done on a whim. Some people believe that mining equities have no future in the market. However, this is simply not the case, as many investors profit from mining stocks. So let’s take a look at three mining stocks that are currently performing nicely.
Top Mining Stocks To Watch
- Royal Gold Inc. (NYSE: RGLD)
- Franco-Nevada Corporation (NYSE: FNV)
- Fortuna Silver Mines Inc. (NYSE: FSM)
Royal Gold Inc. (NYSE: RGLD)
Royal Gold is a gold company that buys royalties and handles metal streams. This is done to protect stream or royalty interests. Gold, silver, copper, zinc, nickel, lead, and cobalt are among the minerals mined there. The company now has 189 locations, 41 mines, and 17 development projects.
Royal Gold gave a presentation at the Gold Forum Americas 2021 on September 13th. Bill Heissenbuttel, the company’s President and CEO, will take part in a virtual fireside chat on this date. It will be fascinating to see what the company’s CEO says in this presentation and how it affects the price of RGLD shares. On October 28th, the company has a higher than average volume. Will you be keeping an eye on RGLD stock in 2021?
Franco-Nevada Corporation (NYSE: FNV)
Franco-Nevada Corporation is a mining stock that is based on royalties and streams. Gold is the company’s primary emphasis, but it also works with silver and platinum group metals. Franco-Nevada also works with gas and energy that includes oil. Energy and mining are the two primary areas of the company.
The corporation released its financial results for the second quarter of 2021 on August 11th. “Franco-Nevada is on course to deliver record profits in 2021, thanks to both organic growth and acquisitions made in the first half of the year,” stated the company’s President and CEO, Paul Brink. The diversified portfolio performed well in the second quarter, delivering record GEOs, revenue, Adjusted EBITDA, and Adjusted Net Income thanks to the first Vale Royalty Debenture contribution.” The firm today has no debt and $1.4 billion in cash on hand. Will you add FNV to your list of mining stocks to keep an eye on?
Fortuna Silver Mines Inc. (NYSE: FSM)
Fortuna Silver Mines Inc. is a precious and base metals exploration, extraction, and processing company. Its operations are primarily based on Latin American countries such as Peru and Argentina. The Caylloma Mine, the San Jose mine, the Lindero project, and others are all owned by Fortuna.
The company provided an update on the status of its application for an extension of the environmental impact of authorization at this location on October 25th. This is for the San Jose Mine in Mexico’s Oaxaca state. It will be fascinating to watch how this update affects the market price of FSM shares.
In other recent news, Fortuna and Roxgold Inc. announced a corporate merger on June 28th. President and CEO of Fortuna Jorge A. Ganoza said, “The successfully completed business combination creates a low-cost intermediate gold and silver producer with four operating mines and a permitted development project. The company will benefit from a robust exploration pipeline and expanded presence in the Americas and West Africa, two of the fastest-growing precious metals producing regions in the world.” Now the company will be releasing its third quarter results on November 10th. Will this company make your mining stock watchlist this month?
Best Mining Stocks?
Choosing the finest mining stocks to invest in might be tough. Even if a company reports positive financial statistics, the stock market may still fall. The globe is currently in a state of disarray, and no one knows what will happen next. For the time being, which mining stocks will you add to your watch list?
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