Will these mining stocks go up before next month?
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 stocks. 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 puzzled 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. Company-specific news is also critical, as it frequently determines the direction in which a company’s stock price will move.
Investors are frequently turned off by mining stocks because they believe there is no chance of profit. However, this is incorrect because many of these assets are currently increasing in value. When it comes to investing, it is best to consider the volume, recent news, and global news. For the time being, let’s take a look at three mining stocks that are currently performing well in the market.
Top Mining Stocks To Watch
- Gold Resource Corporation (NYSE: GORO)
- Piedmont Lithium Limited (NASDAQ: PLL)
- Livent Corporation (NYSE: LTHM)
Gold Resource Corporation (NYSE: GORO)
Gold Resource Corporation is a gold exploration, development, production, and selling company. It also looks for minerals such as silver, copper, lead, and zinc in different deposits. Its operations are carried out in the United States and Mexico. Gold Resource Corporation’s primary focus is the Aguila project, which has 18 mining concessions on more than 24,000 hectares of land in Mexico.
Back in October, the company reported its third quarter production numbers. This included 9,170 gold equivalent ounces, inclusive of 5,809 gold ounces and 255,394 silver ounces. The company achieved 168 tons of payable copper, 1550 tons of payable lead, and 3059 tons of payable zinc.
President and CEO of Gold Resource, Allen Palmiere said, “Despite a self-imposed temporary shutdown due to COVID-19, third quarter production results were favorable and are expected to continue in their upward trend in the fourth quarter. Addressing ground support issues allowed us to get back into the Soledad vein which has resulted in increased gold grades and recoveries, as expected.” Based on this info will GORO be on your list of mining stocks to watch?
Piedmont Lithium Limited (NASDAQ: PLL)
Piedmont Lithium Limited is a lithium stock that undertakes R&D on a number of resource initiatives in the United States. The business owns the whole 2,126-acre Piedmont lithium project in North Carolina. It also holds a 61-acre tract in Kings Mountain, North Carolina, for research purposes.
Piedmont Lithium released a new Corporate Overview Presentation on November 10th. The new presentation covers overall market conditions, lithium supply and demand estimates from industry analysts, pricing trends, and a status report on Piedmont’s numerous resources in North Carolina, Quebec, and Ghana.
The CEO and President of Piedmont, Keith Phillips said, “The tremendous momentum in the EV industry continues to accelerate, especially in North America with near-daily expansion announcements from battery makers and electric vehicle makers alike. One thing that remains a constant in this electric environment is the need for lithium to power the industry’s projected growth”. In 2021, PLL stock has gone up in the market. Noting this, will PLL be on your mining stock watchlist?
Livent Corporation (NYSE: LTHM)
The price of this next mining stock, Livent Corporation, has surged considerably in the last year. This is a company that manufactures and sells lithium batteries. It also provides software for polymer and chemical synthesis. Livent has offices throughout North America, Latin America, Europe, the Middle East, Africa, and Asia Pacific. It also provides lithium compounds for usage in applications such as ceramics, such as lithium hydroxide.
Companies in the lithium-ion battery sector are in the best shape they’ve been in for a long time. This tidal surge includes Livent. The company’s president and CEO, Paul Graves, recently presented at the Goldman Sachs Industrials & Materials Conference. The firm also released its first-quarter results a few months ago. From the fourth quarter of 2020 to the fourth quarter of 2021, its sales increased by 12%. Its adjusted EBITDA has also improved by 98 percent year on year.
CEO of the company, Graves said, “We are becoming increasingly confident in the trajectory of lithium demand growth over the coming years behind the increasing support for electrification from OEMs, governments, and consumers alike. At Livent, we are focused on executing on our expansion plans as we continue to build upon our low cost and sustainable operations, and our position as a partner of choice to leading auto OEM and battery producers.” With this in mind, will LTHM stock be on your watchlist before December?
Best Mining Stocks To Watch?
Mining stocks cover every aspect of the sector. This covers gold and silver mining, as well as minerals and other assets used in a variety of businesses. Investors considering mining stocks should consider numerous factors, including the company’s fundamentals. With so much to think about, which mining stocks will be on your watchlist?
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