Which mining stocks are you watching this week?
If you’ve been considering investing in mining companies this year, now is a fantastic moment to do so. Sure, the pandemic has caused a lot of volatility, but many of these assets are still increasing in value. World news, sector news, and corporate news are all likely to have an impact on mining stocks. In the past year, unemployment figures have had a significant impact on mining stocks. But how can you decide which mining stock to invest in when there are so many to select from?
Before you invest in mining stocks, there are a few factors to consider. For example, investors might examine charts and recent volume data to have a better understanding of a company’s current position. Examining a company’s existing projects might also be beneficial. A company with a diverse portfolio and a large number of projects in the pipeline may appear to be more promising than one with fewer projects. There are many possibilities to pick from in the market, whether you’re day trading mining stocks or playing the long game.
There are a few things to think about before investing in mining stocks. For example, to have a better understanding of a company’s current position, investors can look at charts and recent volume statistics. Examining a company’s current projects could be beneficial as well. A company with a varied portfolio and a large number of projects in development may appear to be more promising than one with fewer. Whether you’re day trading mining stocks or playing the long game, the market offers a wide range of options.
Top Mining Stocks To Watch
- Harmony Gold Mining Company Limited (NYSE: HMY)
- Hecla Mining Company (NYSE: HL)
- Yamana Gold Inc. (NYSE: AUY)
Harmony Gold Mining Company Limited (NYSE: HMY)
Harmony Gold Mining Company Limited is a mining penny stock that has recently increased by 0.7 percent. At its mines, this company searches for, extracts, and processes gold. Harmony also looks for deposits of silver, copper, uranium, and molybdenum. It looks for these materials in Hidden Valley mien, Wafi-Golpu, and other places.
According to the most current statement from the corporation, earnings and revenues for fiscal year 2021 grew year over year. This is due to the company’s outstanding success as well as the rising price of metals. The prices of gold, silver, uranium, and copper all have an impact on the value of HMY shares. Because gold is the major resource sought, it has the greatest influence on harmony. The company’s stock price has had a lot of ups and downs in the last month. As a result of this, will HMY be added to your mining stock watchlist?
Hecla Mining Company (NYSE: HL)
Hecla Mining Company is a provider of base metals. This corporation is involved in metal discovery, acquisition, development, and production. Hecla provides lead, zinc, bulk concentrates, and carbon materials based on their qualities. Hecla also provides precious metal traders with gold and silver bullion bars. The company’s properties are all in North America.
Phillips S. Baker, Jr., CEO and President of Hecla, attended the H.C. Wainwright Mining Conference on November 30th. Mr. Baker will also give a presentation at the Scotiabank Mining Conference on Wednesday, December 1st, at 9:30 a.m. Mr. Russell Lawlar, Senior Vice President, Chief Financial Officer, and Treasurer, attended the BofA Securities Leverages Finance Conference on the same day. Will HL be on your mining stock watchlist in the midst of these developments and market upticks?
Yamana Gold Inc. (NYSE: AUY)
Yamana Gold Inc., a mining penny stock, is up in the last 5 days. This Canadian company produces precious metals. In the Americas, the corporation now has development properties, gold and silver production sites, exploration holdings, and land positions. Yamana has a presence in Canada, Chile, and Argentina.
Yamana reported its financial and operational results for the third quarter of 2021 on October 28th. According to the corporation, it is on track to reach its year-end targets. It had a net profit of $27 million, or $0.03 per basic and diluted share. Its operational earnings from mines climbed by 8% year on year to $154 million. Yamana’s cash flows from operating activities increased by 24% during the quarter.
This solid quarter resulted in a strong performance for AUY stock. The market price of AUY shares has surged dramatically in the recent five days. On October 28th, the firm issued a $0.03 per share fourth-quarter dividend. You would have received this on January 14, 2022 if you were a shareholder on December 31, 2021. Will you be watching AUY stock this week as a result of this new information?
Top Mining Stocks To Buy?
Mining stocks are infamous for their volatility and unpredictability. As a result, it is advised to focus on studying and investing carefully. Nobody knows what will happen to mining stocks in the market as long as inflation fears persist. What happens to mining equities as we reach 2022 will be determined by time. Which firms will you keep an eye on for the time being?
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