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. |
YAMANA GOLD, $5.37, is a buy. The company (Toronto symbol YRI; TSINetwork Rating: Speculative) (www. yamana.com; Shares o/s: 966.4 million; Market cap: $5.3 billion; Dividend yield: 2.1%) is now raising its quarterly dividend by 15.4% with the October 2021 payment, to $0.03 from $0.026. The… Read More
TECK RESOURCES LTD. $29 is a buy. The company (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 531.1 million; Market cap: $15.4 billion; Price-to-sales ratio: 1.5; Dividend yield: 0.7%; TSINetwork Rating: Extra Risk; www.teck.com) is a leading producer of copper, gold, zinc and… Read More
Barrick Gold and Alamos Gold offer you great ways to prosper from rising gold prices during coronavirus uncertainty and beyond. That economic volatility should significantly boost demand for gold as an investment, especially if huge goverment stimulus spending across the world spurs inflation. That’s likely… Read More
NEWMONT CORP. $63 remains a buy. The company (New York symbol NEM; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 801.2 million; Market cap: $50.5 billion; Price-to-sales ratio: 4.3; Dividend yield: 3.5%; TSINetwork Rating: Average; www.newmont.com) has now completed its acquisition of the 85.1% of GT… Read More
MAJOR DRILLING, $9.16 (Toronto symbol MDI; TSINetwork Rating: Speculative) (www.majordrilling.com; Shares o/s: 82.0 million; Market cap: $805.4 million; No divd.) is a large contract driller that mainly serves the mining industry.
Demand for Major Drilling’s specialized drilling services, especially from senior gold producers, is beginning to… Read More
Newmont Corp. offers you a great way to prosper from the likely rise of precious metal prices—even amid lingering coronavirus uncertainty. That economic volatility should, in fact, boost demand for gold as an investment, especially if huge government stimulus spending globally spurs inflation and sends… Read More
Yamana Gold and Lundin Gold offer you great ways to prosper from the prospects for rising precious metal prices amid coronavirus uncertainty and beyond. That economic volatility should significantly boost demand for gold as an investment, especially if huge goverment stimulus spending globally spurs inflation… Read More
ALCOA CORP. $36 is still a buy. The company (New York symbol AA; Conservative Growth Portfolio, Resources sector; Shares o/s: 185.9 million; Market cap: $6.7 billion; Price-to-sales ratio: 0.7; No dividends paid; TSINetwork Rating: Extra Risk; www.alcoa.com) is a leading producer of bauxite ore. It also operates refineries… Read More
ALAMOS GOLD $11.15 (Toronto symbol AGI; TSINetwork Rating: Speculative) (www.alamosgold.com; Shares outstanding: 392.7 million; Market cap: $4.3 billion; Divd. yield: 1.1%) benefited in the quarter ended December 31, 2020, from higher gold prices. Revenue rose 21.8%, to $226.8 million from $186.0 million. (All figures except share price and… Read More
TECK RESOURCES LTD. $27 is a buy. The stock (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares outstanding: 531.1 million; Market cap: $14.3 billion; Price-to-sales ratio: 1.6; Dividend yield: 0.7%; TSINetwork Rating: Extra Risk; www.teck.com) explores for and develops various types of minerals, including copper, gold, zinc… Read More
Long-time readers know that we keep you informed of important news about the stocks we cover. That means highlighting developments that promise to brighten their outlook. Here are two buys that stand out this month:
TEXAS ROADHOUSE $97.21 (Nasdaq symbol TXRH; TSINetwork Rating: Extra Risk) (www.texasroadhouse.com; Shares o/s:… Read More
Long-time readers know that we keep you informed on important news about the stocks we cover. That means highlighting developments that promise to brighten their outlook. Here are two that stand out as buys this month:
IAMGOLD $4.21, (Toronto symbol IMG; TSINetwork Rating: Speculative) (www.iamgold.com; Shares outstanding: 473.8… Read More
NEWMONT CORP., $58.91, remains a buy. The company (New York symbol NEM; Shares outstanding: 803.4 million; Market cap: $47.9 billion; TSINetwork Rating: Average; Dividend yield: 2.7%; www.newmont.com) now plans to repurchase up to $1.0 billion of its common shares over the next 18 months. That’s equal to 2%… Read More
BHP GROUP LTD. (ADR) $69 is a buy. This company (New York symbol BHP; Conservative Growth Portfolio, Resources sector; ADRs outstanding: 2.5 billion; Market cap: $172.5 billion; Price-to-sales ratio: 4.1; Dividend yield: 3.1%; TSINetwork Rating: Average; www.bhp.com) is a leading producer of iron ore (which supplies 50% of… Read More
LUNDIN GOLD $10.24 (Toronto symbol LUG; TSINetwork Rating: Spec.) (www.lundingold.com; Shares outstanding: 224.4 million; Market cap: $2.3 billion; No dividends paid) will now go ahead with expansion plans for its Fruta del Norte gold mine in Ecuador. The $18.6 million expansion will increase output by around 20%. That will… Read More
Barrick Gold and Hecla Mining offer you great ways to prosper from higher prices for precious metals during the pandemic and beyond. Today’s economic volatility should significantly boost demand for gold and silver as an investment, especially if huge goverment stimulus spending across the world… Read More
Teck shares have recovered strongly since dropping to $8.15 in March 2020. That’s because the rollout of new COVID-19 vaccines should help world economies rebound and push up commodity prices. Teck will also benefit from its plan to expand its copper operations. Note—that shift also… Read More
NEWMONT CORP. $59.73, remains a buy for long-term growth and as a hedge against inflation. The stock (New York symbol NEM; Shares outstanding: 803.4 million; Market cap: $48.1 billion; TSINetwork Rating: Average; Dividend yield: 2.7%; www.newmont.com) continues to expand its production following COVID-19 disruptions and restrictions in the… Read More
MAJOR DRILLING $7.57 (Toronto symbol MDI; TSINetwork Rating: Speculative) (www.majordrilling.com; Shares outstanding: 80.6 million; Market cap: $627.4 million; No dividends paid) is a large contract driller that mainly serves the mining industry.
Demand for Major’s specialized drilling services, especially from senior gold producers, is beginning to recover. That has pushed… Read More
TECK RESOURCES LTD. $19 is a still buy. The stock (Toronto symbol TECK.B; Conservative Growth Portfolio, Resources sector; Shares o/s: 547.3 million; Market cap: $6.0 billion; Price-to-sales ratio: 0.5; Dividend yield: 1.8%; TSINetwork Rating: Extra Risk; www.teck.com) has more than doubled since falling to $8.15… Read More
