Look at three mining stocks for your potential watchlist
You’ve undoubtedly seen how volatile the market is right now if you’ve looked at mining stocks. Mining stocks have experienced a lot of action in the market over the last year. Mining stocks often appreciate in value when the economy isn’t performing well. This is because when the value of the dollar falls, precious metals such as gold and silver become more valuable.
When it comes to mining stocks, it’s easy to become perplexed. As a result, developing an investing plan may be quite advantageous. While more detailed information is available, we’ll stick to the basics of mining business tracking for now. Keeping up with international events is crucial when investing in mining firms. This is especially true in 2021 due to the epidemic. Company-specific news is especially important since it often dictates the direction in which a company’s stock price moves.
Mining stocks sometimes turn off investors because they assume there is little opportunity of making money. This could be a negative thought because the value of many of these assets is currently growing. When it comes to investing, the volume, recent news, and worldwide news are all important factors to consider. Let’s take a look at three mining stocks that are currently performing well in the market for the time being.
Top Mining Stocks To Watch
- Livent Corporation (NYSE: LTHM)
- Piedmont Lithium Limited (NASDAQ: PLL)
- Gold Resource Corporation (NYSE: GORO)
Livent Corporation (NYSE: LTHM)
The price of Livent Corporation, the first mining stock, has risen dramatically in the last year. Lithium batteries are manufactured and sold by this firm. It also offers polymer and chemical synthesis software. Livent has offices across North America, Latin America, Europe, the Middle East, Africa, and the Asia-Pacific region. Lithium compounds, such as lithium hydroxide, are also available for use in applications such as ceramics.
The lithium-ion battery industry is in a better position than it has been in a long time. Livent is part of this tidal wave. Paul Graves, the company’s President and CEO, spoke at the Goldman Sachs Industrials & Materials Conference recently. A few months ago, the company also revealed its first-quarter results. Its revenues climbed by 12% from the fourth quarter of 2020 to the fourth quarter of 2021. The company’s adjusted EBITDA has increased by 98 percent year over 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.” Noting this, is LTHM on your list of mining stocks to watch before 2021 ends?
Piedmont Lithium Limited (NASDSAQ: PLL)
Piedmont Lithium Limited is a lithium stock that invests in research and development for a variety of resource projects in the United States. The company controls the whole Piedmont lithium project in North Carolina, which spans 2,126 acres. It also has a 61-acre research property in Kings Mountain, North Carolina.
On November 10th, Piedmont Lithium presented a new Corporate Overview Presentation. Overall market circumstances, lithium supply and demand forecasts from industry experts, pricing trends, and a status update on Piedmont’s various resources in North Carolina, Quebec, and Ghana are all included in the new presentation.
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”. Noting this new info, will PLL be on your mining stock watchlist?
Gold Resource Corporation (NYSE: GORO)
Gold Resource Corporation specializes in gold exploration, development, production, and sales. In addition, it searches for silver, copper, lead, and zinc in various deposits. Its activities are based in the United States and Mexico, respectively. The Aguila project, which comprises 18 mining concessions on more than 24,000 hectares of land in Mexico, is Gold Resource Corporation’s main emphasis.
The firm released its third-quarter production figures in October. There was 9,170 gold equivalent ounces total, with 5,809 gold ounces and 255,394 silver ounces involved. 168 tons of payable copper, 1550 tons of payable lead, and 3059 tons of payable zinc were accomplished by the firm.
The 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.” Will GORO stock be on your watchlist this month?
Best Mining Stocks To Buy Before 2022?
Stocks in the mining industry encompass every element of the industry. This includes mining for gold and silver, as well as minerals and other assets utilized in a number of industries. When it comes to mining stocks, investors should analyze a variety of aspects, including the company’s fundamentals. With so much on your mind, which mining stocks will you be keeping an eye on?
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