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. |
Demand for Major Drilling’s specialized services, especially from senior gold producers, including Australia’s largest mining companies, is recovering. Meanwhile, Computer Modelling is benefiting from expanding oil and gas drilling in response to higher energy prices. We think there are still gains ahead for both stocks… Read More
GREAT-WEST LIFECO INC. $33 (www.greatwestlifeco.com) is a hold. The company is Canada’s second-largest life insurer, after Manulife Financial. Canada’s banking regulator—the Office of the Superintendent of Financial Institutions—has lifted the restrictions on capital distributions placed on banks and insurers due to COVID-19 uncertainty. As a result, Great-West now… Read More
Nobody can predict trends in inflation or interest rates with any consistency. On the other hand, many investors have done very well over long periods by applying our Successful Investor method to their investments. This includes holding stocks that will do well with inflation—but will… Read More
YAMANA GOLD, $6.37, is a buy. The company (Toronto symbol YRI; Rating: Speculative) (yamana.com; Shares o/s: 961.0 million; Market cap: $6.2 billion; Yield: 2.4%) now plans to seek better terms from its lenders. That’s after an upgrade from debt-rating service S&P Global Ratings. S&P raised Yamana to investment… Read More
NEWMONT CORP. $73.39, remains a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Shares outstanding: 793.7 million; Market cap: $57.3 billion; TSINetwork Rating: Average; Dividend yield: 3.0%; www.newmont.com) now expects to spend $2.3 billion on its existing mines and new… Read More
Gold prices are up about 5% since the start of 2022 due to rising inflation and uncertainty caused by the war in Ukraine. We feel the best way to profit from higher gold prices is to buy high-quality producers like Newmont. Most of its mines… Read More
China currently dominates rare-earth production due in part to higher labour costs and tighter environmental restrictions in the U.S. However, politicians and government officials in the U.S. are now trying to promote production in the U.S. MP Materials should benefit from that effort. The stock is… Read More
On November 1, 2016, Arconic spun off its bulk aluminum business as Alcoa. Investors received one Alcoa share for every three Arconic shares they owned.
Alcoa is now up over 300% since the split, thanks largely to rising aluminum demand and prices as the global economy… Read More
HECLA MINING, $6.61, is a buy. The company (New York symbol HL; TSINetwork Rating: Extra Risk) (www.hecla-mining.com; Shares o/s: 538.4 million; Market cap: $3.6 billion; Divd yield: 0.2%) produced 3.2 million ounces of silver in the quarter ended December 31, 2021—down 3.7% from 3.5 million a year earlier… Read More
Barrick Gold offers you a great way to prosper from any rise in gold prices because of the war in Ukraine and the ongoing COVID-19 pandemic. If inflation keeps rising these next few years (a clear possibility), gold stocks will attract new interest to keep… Read More
INNERGEX RENEWABLE ENERGY, $18.39, is a buy. The power generator (Toronto symbol INE; Shares ooutstanding: 192.8 million; Market cap: $3.6 billion; TSINetwork Rating: Extra Risk; Dividend yield: 3.9%; www.innergex.com) operates 40 hydroelectric plants, 32 wind farms and seven solar power fields. They’re spread across Canada, the U.S., France and… Read More
Long-time readers know that we keep you informed of important news about the stocks we cover. That means highlighting developments and plans that promise to brighten prospects for investors. Here are two buys that stand out this month:
ALAMOS GOLD, $9.35, is a buy. Through the shares… Read More
Activist investors make their money by targeting underperforming firms they feel would benefit from better management or assets sales. Here’s a look at how IAMGold is responding to its new activist pressure.
IAMGOLD, $3.91, is a buy. The miner (Toronto symbol IMG; TSINetwork Rating: Speculative) (www.iamgold.com; Shares outstanding: 476.9… Read More
Teck Resources continues to recover since dropping to $8.15 at the onset of the pandemic in March 2020. Those share price gains reflect re-opening of the global economy, which has spurred both demand and prices for the company’s main commodities. While COVID-19 continues to increase… Read More
NEWMONT CORP. $62.11, remains a buy for long-term growth and as a hedge against inflation. The company (New York symbol NEM; Shares outstanding: 797.4 million; Market cap: $48.9 billion; TSINetwork Rating: Average; Dividend yield: 3.5%; www.newmont.com) became the world’s largest gold producer in 2019 when it… Read More
Commodity prices continue to improve with the global economy. Still, we continue to recommend investors cap their Resources holdings at 15% of their total portfolio or less. As always, we also prefer high-quality producers like these two.
ALCOA CORP. $61 is a buy. The company (New York symbol… Read More
Yamana Gold and IAMGold offer you ways to prosper from rising precious metal prices—amid ongoing coronavirus uncertainty but also well beyond it. Today’s economic volatility should significantly boost demand for gold as an investment, especially if huge government stimulus spending spurs inflation and sends investors… Read More
NEWMONT CORP., $60.33, remains a buy. The company (New York symbol NEM; Shares o/s: 797.4 million; Market cap: $48.2 billion; TSINetwork Rating: Average; Dividend yield: 3.7%; www.newmont.com) recently announced a strategic alliance with Caterpillar Inc. to work towards mining with net-zero emissions.
Newmont will provide an initial investment of… Read More
Gold prices drifted down in 2021 as the pandemic lessened and the direction of inflation remained uncertain. Still, for many investors, gold will continue to represent a safe harbour in turbulent times. What’s more, if inflation rises over the next few years—driven by the trillions… Read More
Demand for Major Drilling’s specialized drilling services, especially from senior gold producers, including Australia’s largest mining companies, is recovering. That has pushed your shares up 317.3% since they plunged to a low of $2.26 in March 2020. We think there are still gains ahead for… Read More
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