Mining stocks are investments in companies that produce or explore for minerals. Some of these minerals include uranium, coal, molybdenum (which is used in steelmaking), copper, silver and gold. They are affected by fluctuating commodity prices in addition to their own business and operating risks.
While sometimes risky, mining stocks can also be strong performers when commodity prices move up. However, due to the volatility of these stocks, Pat McKeough recommends that they only form a modest part of a well-balanced portfolio.
Canadian penny mining stocks are some of the riskiest stocks you can buy. These companies are trying to find mineral deposits that mine at a profit and such a find are exceedingly rare. Because of this, it’s even more important to look for investment quality in penny mines.
For example, we automatically rule out investing in penny mines that promote themselves too aggressively or do so misleadingly. The mine-finding effort is more likely to succeed if the managers focus on finding a mine rather than hyping their stock.
Junior mining stocks are usually smaller companies that typically take on riskier mining projects. However, if a junior mining stock is successful at finding and mining, it can mean huge returns for investors.
No matter what type of mining stocks, or other stocks you invest in, TSI Network recommends following our three-part Successful Investor strategy:
 How Successful Investors Get RICHLearn everything you need to know in ‘The Canadian Guide on How to Invest in Stocks Successfully’ for FREE from The Successful Investor. How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger. |
Barrick has moved up recently, along with gold prices—now hitting new all-time highs. The gains likely reflect growing economic uncertainty as well as easing interest rates. The latter limits the returns for interest-bearing investments and also weakens the U.S. dollar. Both compete with gold. Regardless,… Read More
The U.S. government has threatened to impose a 10% tariff on potash fertilizer imports from Canada, which now supplies 85% of its needs. U.S. potash reserves are also much smaller, so a prolonged tariff fight seems unlikely. Even if the tariffs remain in place and… Read More
GLOBAL X COPPER MINERS ETF, $40.59, is a buy. The ETF (New York symbol COPX; buy or sell through brokers; www.globalxfunds.com) lets you track the Solactive Global Copper Miners Index, with 39 global mining and exploration firms. It started up in April 2010.
Canadian firms make up 36.2% of the… Read More
Most precious-metal stocks dropped along with the market in March 2020. They then quickly reversed that trend to soar for investors, in part because of gold’s appeal as a “safe harbour” in times of economic uncertainty. In fact, in August 2020, gold jumped to over… Read More
Gold has shot up nearly 50% in the past year to just under $3,000 an ounce. The metal could move even higher if the Trump administration imposes new tariffs, which could fuel inflation. We feel the best way for investors to add gold exposure is… Read More
ALAMOS GOLD, $32.28, is a buy. The company (Toronto symbol AGI; TSINetwork Rating: Extra Risk) (www.alamosgold.com; Shares o/s: 420.1 million; Market cap: $13.6 billion; Dividend yield: 0.4%) reported gold production of 140,200 ounces in the 2024 fourth quarter, up 8.3% from the third quarter of 2024. Meanwhile, in… Read More
TECK RESOURCES LTD. $61 remains a buy for the Resources sector of your portfolio. In 2008, the company (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 512.0 million; Market cap: $31.2 billion; Price-to-sales ratio: 1.9; Dividend yield: 0.8%; TSINetwork Rating: Extra Risk; www.teck.com) sold its metallurgical… Read More
BARRICK GOLD, $22.66, is a buy. The miner (Toronto symbol ABX; TSINetwork Rating: Average) (www.barrick.com; Shares o/s: 1.7 billion; Market cap: $40.0 billion; Dividend yield: 2.5%) has suspended operations at its Loulo-Gounkoto mine in Mali. The company owns 80%, while a state-owned firm holds the other 20%.
The dispute… Read More
SONY GROUP CORP. ADRs $21 (www.sony.com) is a hold. For the fiscal 2025 second quarter, ended September 30, 2024, the Japanese conglomerate reported a sales rise of 6.3%, to $20.18 billion from $18.98 billion a year earlier. That’s largely due to stronger demand for its PlayStation video gaming… Read More
ALCOA CORP. $37 is a buy. The company (New York symbol AA; Conservative Growth Portfolio, Resources sector; Shares outstanding: 258.3 million; Market cap: $9.6 billion; Price-to-sales ratio: 0.7; Dividend yield: 1.1%; TSINetwork Rating: Extra Risk; www.alcoa.com) is a leading producer of bauxite ore, with mines in Australia, Brazil… Read More
NEWMONT CORP., $41.41, remains a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Shares outstanding: 1.1 billion; Market cap: $47.3 billion; TSINetwork Rating: Average; Dividend yield: 2.4%; www.newmont.com) continues to make progress with its plan to sell six of its… Read More
MAJOR DRILLING, $8.70, is a buy. This large contract driller (Toronto symbol MDI; TSINetwork: Speculative) (majordrilling.com; Shares o/s: 81.8 million; Market cap: $712.0 million; No divids.) is now acquiring Explomin Perforaciones, a specialty drilling contractor based in Peru. The purchase price is $63 million U.S., with an added $22… Read More
Like most silver stocks, Hecla Mining is heavily influenced by silver prices. But we think the direction of silver prices—and for Hecla shares—is upward. Meanwhile, the company has made a good addition to its board of director.
HECLA MINING, $5.62, is a buy. This silver and gold miner… Read More
Nutrien’s shares are down over 50% from their April 2022 peak following Russia’s invasion of Ukraine, which caused a big spike in potash prices. However, potash supplies and prices later declined. Even so, the company’s stands to gain from a rising global population and the… Read More
IAMGOLD, $6.99, is a buy. The miner (Toronto symbol IMG; TSINetwork Rating: Speculative) (www.iamgold.com; Shares outstanding: 570.3 million; Market cap: $4.0 billion; No dividends paid) has bounced back from a recent drop that came after Burkina Faso’s President Ibrahim Traore mentioned during a radio interview on October. 5, 2024,… Read More
Whatever the near-term outlook for gold, we think top-quality gold stocks like Alamos and Lundin—both hitting all-time highs—remain buys. That’s in part because of their prospects for increased production and cash flow—regardless of precious metal prices.
ALAMOS GOLD INC., $27.46, is a buy. Through the shares (Toronto… Read More
NEWMONT CORP., $54.00, remains a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Shares o/s: 1.1 billion; Market cap: $59.4 billion; TSINetwork Rating: Average; Dividend yield: 1.9%; www.newmont.com) is the world’s largest gold miner, with major operations in North America,… Read More
These three resources producers are making acquisitions and investing in big new projects. These moves help bolster their reserves and set them up for more growth in the next few years. For now, however, we prefer mining firms Alcoa and BHP over oil producer APA… Read More
BARRICK GOLD, $27.36, is a Power Buy. The miner (Toronto symbol ABX; TSINetwork Rating: Average) (www.barrick.com; Shares o/s: 1.8 billion; Market cap: $48.0 billion; Yield: 2.0%) has announced that its feasibility study for the expansion of its Lumwana mine in Zambia is expected to be completed by the end… Read More
NUTRIEN LTD. $64 is a buy. The company (Toronto symbol NTR; Aggressive Growth Portfolio, Resources sector; Shares o/s: 494.6 million; Market cap: $35.6 billion; Price-to-sales ratio: 1.0; Dividend yield: 4.1%; TSINetwork Rating: Average; www.nutrien.com) is the world’s largest producer of agricultural fertilizers, including potash, nitrogen and phosphate. It… Read More
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