Will these mining penny stocks keep rising in value?
There are a lot of outstanding mining penny stocks to keep an eye on. On the surface, it appears that many people earn from penny stocks, but there is a catch. Penny stocks are inherently dangerous. For example, a $1 increase in a large blue-chip company like Apple Inc. (NASDAQ: AAPL) is not a significant shift. However, if a penny stock rises $1, investors could see significant gains. This is also true of losses, which is why penny stocks are so dangerous.
So, how can you figure out which mining penny stocks to add to your portfolio? Doing some research is the greatest approach to identifying mining stocks to buy. When it comes to investment, what is going on in the world is crucial. Things like metal shortages and natural calamities are examples of this. The COVID-19 pandemic has had a significant impact on the mining penny stock market recently, introducing a new degree of volatility.
When investing in mining stocks, conducting extensive company research can be extremely beneficial. Examining charts, recent company announcements, and financial results are all part of this process. All of these factors can help you narrow down which company is best for your watchlist. Sector news is also critical, as a shortage of a metal or material, for example, can have a significant impact on a company. There are a plethora of excellent mining penny stocks to choose from in the market. So, let’s take a look at three mining penny stocks that have market potential.
Top Mining Penny Stocks To Watch
- IAMGOLD Corporation (NYSE: IAG)
- Yamana Gold Inc. (NYSE: AUY)
- Harmony Gold Mining Company Limited (NYSE: HMY)
IAMGOLD Corporation (NYSE: IAG)
IAMGOLD Corporation is a mining penny stock we have mentioned frequently because of its momentum. This is a company that has an interest in the Rosebel mine and Essakane miAMGOLD Corporation is a mining penny stock that we have frequently mentioned due to its momentum. This is a company that owns the Rosebel and Essakane mines, among many others. These properties are being explored, developed, and operated by the company. In addition to gold, IAMGOLD looks for silver and copper at its projects such as Loma Larga.
On November 3rd, the company reported its third-quarter results for 2021. IAMGOLD’s The company released its third-quarter results for 2021 on November 3rd. The mine-site free cash flow for IAMGOLD was $121.6 million, with an adjusted EBTIDA of $265.7 million. IAMGOLD also suffered a total net loss of $20.1 million, or $0.04 per share, during this time period. Despite some negatives, IAMGOLD currently has a very positive outlook.
The President and CEO of IAMGOLD, Gordon Stothart said, “The third quarter of 2021 saw improvement in our operating performance supported by the continued strong results at Essakane. Rosebel performed in line with the revised plan. Construction activities at Côté continue to proceed well, reaching 36% project completion at quarter-end. First steel installation of the plant building commenced in mid-October, and the project remains on track for commercial production in the second half of 2023.” On November 15th, IAG stock went up 3.3%. Will you add IAG to your list of mining penny stocks to watch right now?
Yamana Gold Inc. (NYSE: AUY)
Today, November 9th, Yamana Gold Inc., a mining penny stock, is up 1.55 percent. This Canadian corporation manufactures precious metals. The company currently owns development properties, gold and silver production properties, exploration properties, and land positions in the Americas. Yamana operates in Canada, Chile, and Argentina.
On October 28th, Yamana announced its financial and operational results for the third quarter of 2021. The company stated that it is on track to meet its year-end targets. It earned $27 million in net income, or $0.03 per basic and diluted share. Its mine operating earnings increased by 8% year on year to $154 million. During the quarter, Yamana’s cash flows from operating activities increased by 24%.
This strong quarter translated into a strong performance for AUY shares. In the last five days, the price of AUY stock has risen significantly in the market. The company declared its fourth-quarter dividend of $0.03 per share on October 28th. If you were a shareholder on December 31, 2021, you would have received this on January 14, 2022. Will you be keeping an eye on AUY stock this week as a result of this new information?
Harmony Gold Mining Company Limited (NYSE: HMY)
Harmony Gold Mining Company Limited is a mining penny stock that just went up 0.7%. This company explores for, extracts, and processes gold at its mines. Additionally, Harmony searches for silver, copper, uranium, and molybdenum deposits as well. It searches for these materials at the Hidden Valley mien, Wafi-Golpu, and more.
Earnings and revenues for the fiscal year 2021 increased year over year, according to the company’s most recent update. This is owing to the company’s tremendous performance and the rising price of metals. The price of gold, silver, uranium, and copper influences the price of HMY shares. Because gold is the primary resource it seeks, it has the biggest impact on harmony. In the recent month, the company’s stock price has gone through a lot of ups and downs. Will HMY be on your mining penny stock watchlist as a result of this?
Best Mining Penny Stocks?
Mining penny stocks are notoriously volatile and unpredictable. As a result, concentrating on studying and investing wisely is recommended. As long as inflation fears linger, no one knows what will happen to mining stocks in the market. Time will tell what happens to mining stocks as we approach November 2021. Which companies will you add to your watchlist for the time being?
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