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. |
The outlook for a wide range of commodities continues to improve as the world’s economy recovers from the COVID-19 pandemic. The ongoing shift to electric-powered vehicles continues to spur demand for key metals such as copper and nickel.
These three leading commodity producers are preparing for… Read More
Like most gold stocks, IAMGold’s shares are heavily influenced by gold prices. Still, the company’s positive cash flow and rising production provide lots of speculative appeal for investors.
IAMGOLD, $5.05, is a buy. The miner (Toronto symbol IMG; TSINetwork Rating: Speculative) (www.iamgold.com; Shares outstanding: 493.6 million; Market cap: $2.5… Read More
Alamos is now undertaking an acquisition that will make it the third-largest gold producer in Canada. Notably, the new mine is next to its existing Island mine. That means lots of cost savings for Alamos in addition to higher overall production.
ALAMOS GOLD, $20.56, is a.. Read More
TECK RESOURCES LTD. $68 remains a buy. The company (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 517.5 million; Market cap: $35.2 billion; Price-to-sales ratio: 2.3; Dividend yield: 0.8%; TSINetwork Rating: Extra Risk; www.teck.com) sold 5.9 million tonnes of metallurgical coal (a key ingredient in the… Read More
NEWMONT CORP., $29.87, remains a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Shares o/s: 1.2 billion; Market cap: $34.4 billion; TSINetwork Rating: Average; Yield: 3.4%; www.newmont.com) completed its acquisition of Newcrest Mining in November 2023. Newcrest operates… Read More
Commodity prices have weakened in the past few months, partly due to China’s slower-than-expected post-pandemic recovery. Even so, we still like the long-term prospects of these two leading resources stocks.
BHP GROUP LTD. (ADR) $62 is a buy. This company (New York symbol BHP; Conservative Growth Portfolio, Resources… Read More
BARRICK GOLD, $21.02, is a buy. The miner (Toronto symbol ABX; TSINetwork Rating: Average) (www.barrick.com; Shares o/s: 1.8 billion; Market cap: $37.8 billion; Dividend yield: 4.1%) reports that it now has regulatory approval to start up the Goldrush underground mine at the Cortez Complex near Beowawe, Nevada. Goldrush… Read More
NUTRIEN LTD. $71 is a buy. In addition to its main fertilizer business, the company (Toronto symbol NTR; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 494.5 million; Market cap: $35.1 billion; Price-to-sales ratio: 0.9; Dividend yield: 4.0%; TSINetwork Rating: Average; www.nutrien.com), through its Loveland Products business, develops… Read More
TECK RESOURCES LTD. $52 remains a buy. The company (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 520.0 million; Market cap: $27.0 billion; Price-to-sales ratio: 2.0; Dividend yield: 1.0%; TSINetwork Rating: Extra Risk; www.teck.com) has completed the first part of its plan to sell all of… Read More
Long-time readers know that we aim to keep you informed of important news about the stocks we cover. That means highlighting developments and plans that promise to bolster investor gains. Here are two buys that stand out this month:
AMERIGO RESOURCES, $1.34, is a buy for… Read More
Whatever the near-term outlook for gold, we think top-quality gold stocks like Alamos and Lundin remain buys. That’s in part because of their prospects for increased production and cash flow—regardless of precious metal prices.
ALAMOS GOLD, $18.90, is a buy. Through the shares (Toronto symbol AGI; TSINetwork… Read More
IAMGOLD, $3.13, is a buy. The miner (Toronto symbol IMG; TSINetwork Rating: Speculative) (www.iamgold.com; Shares outstanding: 481.1 million; Market cap: $1.5 billion; No dividends paid) is now nearing completion of a mine at its 64.75%-owned flagship Cote gold project, and it aims to start it up in early 2024.
That… Read More
We continue to recommend all investors maintain some exposure to the Resources sector—typically about 20% of your total portfolio. That’s mainly because resource stocks act as a hedge against inflation.
To further cut your risk, investors should stick with producers, such as the three we analyze… Read More
NEWMONT CORP., $37.27, remains a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Shares outstanding: 794.8 million; Market cap: $29.6 billion; TSINetwork Rating: Average; Dividend yield: 4.3%; www.newmont.com) has now re-opened its Penasquito mine in Mexico after the… Read More
TEGNA INC. $14 is still a hold. The company (New York symbol TGNA, Conservative Growth Portfolio, Consumer sector: Shares outstanding: 201.5 million; Market cap: $2.8 billion; Price-to-sales ratio: 1.0; Dividend yield: 3.3%; TSINetwork Rating: Average; www.tegna.com) owns 64 TV stations and two radio stations in 51 U.S. markets.
In… Read More
Barrick Gold aims to keep adding to its gold production—but at the same time, it plans to keep acquiring what it sees as world-class copper assets to expand its output. We see the stock as a Power Buy.
BARRICK GOLD, $22.66, is a buy. The miner (Toronto symbol… Read More
TECK RESOURCES LTD. $57 remains a buy. The company (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 515.0 million; Market cap: $29.4 billion; Price-to-sales ratio: 2.0; Dividend yield: 0.9%; TSINetwork Rating: Extra Risk; www.teck.com) continues to examine ways to re-organize its operations into two separate firms—one… Read More
NEWMONT CORP., $40.66, remains a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Shares o/s: 794.7 million; Market cap: $33.2 billion; TSINetwork Rating: Average; Dividend yield: 3.9%; www.newmont.com) is the world’s largest gold miner, with major mines in North America,… Read More
The best way for investors to add gold exposure to their portfolios is with high-quality producers like Newmont, instead of buying gold coins and bullion, which come with extra costs for storage and insurance. As well, Newmont’s upcoming acquisition of Newcrest will add to its… Read More
TECK RESOURCES LTD. $55 remains a buy. The company (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 515.0 million; Market cap: $28.3 billion; Price-to-sales ratio: 1.8; Dividend yield: 0.9%; TSINetwork Rating: Extra Risk; www.teck.com) sold 6.2 million tonnes of metallurgical coal (a key ingredient in steelmaking)… Read More
