Which mining stocks will be on your watchlist?
If you’ve looked into mining stocks, you’ve probably noticed how unpredictable the market is right now. Over the previous year, the market has seen a lot of activity in mining equities. When the economy isn’t doing well, mining stocks frequently rise in value. This is because precious metals like gold and silver become more desirable as the value of the dollar declines.
It’s easy to become perplexed while investing in mining stocks. As a result, creating an investment strategy can be quite beneficial. While there is more intricate information available, let’s stick to the fundamentals of mining company tracking. When investing in mining companies, keeping up with world events is critical. Because of the pandemic, this is especially evident in 2021. When it comes to investing in these equities, sector news is also crucial. If there is a lithium shortage, for example, it will most certainly affect lithium-related stocks. Company-specific news is also critical, as it frequently determines the direction in which a company’s stock price will move.
Mining stocks are frequently avoided by investors who believe they have no chance of making a return. However, this is untrue, as many of these assets are currently increasing in value. When it comes to investing, it is advisable to consider the volume, recent news, and global news. Let’s take a look at three mining stocks that are currently performing well in the market.
Top Mining Stocks To Watch
- Harmony Gold Mining Company Limited (NYSE: HMY)
- Royal Gold Inc. (NASDAQ: RGLD)
- Albemarle Corporation (NYSE: ALB)
Harmony Gold Mining Company Limited (NYSE: HMY)
Harmony Gold Mining Company Limited is a mining stock that has had a good run recently. This company mines gold, silver, copper, and uranium before extracting and processing the metals. Harmony’s operations are based in South Africa and Papua New Guinea, which have both proven to be incredibly advantageous to the company.
According to the most current release, the company’s earnings and revenue grew year over year in the fiscal year 2021. This happened as a result of higher metal prices and great firm success. Given that Harmony hasn’t published any updates in a while, it’ll be intriguing to see what they have in store for their investors.
The stock price of HMY generally fluctuates in tandem with the price of gold. As a result, when gold experiences a significant gain, HMY stock often follows suit. On the other hand, when gold falls sharply, HMY stock often falls with it. When it comes to gold stocks, things are currently highly turbulent. Despite the volatility, the HMY stock is now performing nicely. The stock price of HMY has risen in the last month. Will HMY stock be on your radar in mid-November as a result of this?
Royal Gold Inc. (NASDAQ: RGLD)
Royal Gold Inc. is a gold stock with a royalty component that buys and manages royalties and metal streams. This is done in order to protect stream or royalty rights. Gold, silver, copper, zinc, nickel, lead, and cobalt are Royal Gold’s target minerals. The company currently has 189 locations across five continents. Royal Gold has 41 mines and 17 projects in various stages of development.
Royal Gold released their revenue and operating cash flow for the September Quarter of 2021 on November 3rd. During this time, the company reached a revenue record of $174.4 million. Gold accounts for 73% of its revenue, while silver accounts for 10% and copper for 14%. In addition, the corporation lowered its total debt by $50 million.
CEO of Royal Gold, Bill Heissenbuttel “I am pleased to report that Royal Gold turned in another quarter of very strong financial and operating performance with record revenue, operating cash flow, and GEO volume in the September quarter. The portfolio continued to deliver consistent gold-focused revenue and we saw excellent progress at our newest portfolio assets.” Will RGLD be on your list of mining stocks to watch?
Albemarle Corporation (NYSE: ALB)
Albemarle Corporation is a chemical company that develops, manufactures, and distributes products. The company’s major products include lithium, bromine, and catalysts. Among these are materials for lithium batteries used in electric vehicles and electronics. So, how does the ALB stock look in November 2021?
The corporation released its third-quarter results for 2021 on November 3rd. During this time, the company’s net revenues increased by 11% to $830.6 million. Net sales increased 19 percent excluding FCS. The company also had a 1% increase in adjusted EBITDA, with a 14 percent gain excluding FCS. Based on this good result, the company has raised its fiscal year 2021 guidance.
The CEO of Albemarle, Kent Masters said, “In October, we achieved first lithium carbonate production at our new La Negra III/IV conversion facility. We are making investments to add significant conversion capacity in China, initially targeting up to 150,000 metric tons of lithium hydroxide per year which will provide high-return growth opportunities aligned with the increasing demand from our customers.” Now, will ALB be on your mining stock watchlist?
Top Mining Stocks To Buy?
It’s difficult to determine which mining stocks are the most secure. Before investing in mining stocks, there are a number of things to consider. However, conducting considerable research and selecting what is best for you will be quite helpful throughout the process. For the time being, which mining stocks will you be keeping an eye on?
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