2021 is continuing on and mining stocks have been performing very well in the market. Back in 2020 the growth of mining stocks was completely unpredictable before the pandemic happened. The pandemic arrived and many of these assets fell due to the state of uncertainty. Then recovery came, and pushed many mining stock prices to new record highs. Now in 2021, plenty of mining stocks have been able to increase their value in the market. This comes as precious metals like silver and gold are at $27 per ounce and $1890 per ounce respectively.
As a result of higher demand and prices, there are many great mining stocks to watch at the moment. The problem is that it can be difficult to decide which the best mining stocks to buy or sell are. It is important to keep a few key things in mind when looking to invest in mining stocks. The first of which has to be the recent news in the sector. Knowing if it is earnings season or not and staying up to date on mining news will be important. Also important when investing is world news, as well as the volume of a mining stock. These are all factors to think about when investing.
There is an increased amount of industrial demand for materials and metals right now. This comes as COVID-19 restrictions loosen in the United States and many other parts of the world. If industrial companies can operate without closures or delays it means significant progress. So as material prices are rising, you must decide which mining stocks will be best for you. Will it be traditional gold stocks and silver stocks, or maybe even copper or lithium? Let’s have a look at three mining stocks that are performing well at the moment.Top Mining Stocks To Watch
- Pan American Silver Corp. (NASDAQ: PAAS)
- NovaGold Resources Inc. (NYSE: NG)
- Royal Gold Inc. (NASDAQ: RGLD)
Pan American Silver Corp. is a mining stock that engages in the exploration, development, extraction, processing, refining, and reclamation of silver mines. Its mines are located in Mexico, Canada, Argentina, Peru, and Bolivia. The company will then sell its gold, zinc, lead, and copper as well. On May 12th the company reported its first quarter results for 2021.
Things to note in this report include large inventory building, health protocols, and missed estimates. The CEO AND President Michael Steinmann said, “Q1 was a challenging quarter, as the COVID-19 pandemic continues to grip Latin America, impacting our workforce, communities and operations. At La Colorada, we experienced large inventory build-ups and a blockage of a ventilation project that occurred during commissioning, which reduced Q1 sales and production. These are transitory issues expected to be resolved during the remainder of 2021, with the roll-out of vaccination programs across our operating jurisdictions alleviating some of the impact of the pandemic.” Will you add PAAS to your list of mining stocks as it increases in the market?NovaGold Resources Inc. (NYSE: NG)
NovaGold Resources Inc. is a mining corporation that explores and develops gold mineral properties in the United States. The company holds a 50% interest in the Donlin Gold project holding 493 mining claims in Alaska. These mining claims take up an area of 71,420 acres in the Kuskokwim region of southwestern Alaska.
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The company has not released any recent company-specific news that is bringing its stock price up. But we can look at its last first-quarter financial results. It successfully completed a COVID-Free drill program last year. If it was able to accomplish that, the company may be performing even better in 2021 amid all of the economic recoveries. In April it reported its 2020 integrated annual report and sustainability summary with its hallmark questions and answers section. Will NG make your list of mining stocks to watch?Royal Gold Inc. (NASDAQ: RGLD)
Royal Gold Inc. is a royalty gold stock that buys and manages numerous royalties, metal streams, and other similar assets. The company finances projects for stream or royalty interests. Royal Gold searches for the following metals at its mines: gold, silver, copper, zinc, nickel, lead, and cobalt. As of 2021, Royal Gold holds over 187 properties on 5 of the 7 continents. Included in this is interest on 41 producing mines and 16 developmental stage projects.
The company recently presented at the 44th Nasdaq Virtual Investor Conference. It will also be presenting at the J.P. Morgan Energy Power & Renewables Conference on June 23rd. In 2021 RGLD stock price has increased by about $11. In the last month that number is about $2. The company’s last financial results report had the CEO and President Bill Heissenbuttel saying, “Revenue, cash flow and earnings were strong, reflecting the current robust gold, silver and copper price environment, which allowed us to continue to fund our investments, repay debt and pay dividends with internally generated funds.” Will RGLD make it on to your mining stock list?Mining Stocks In 2021
The market for mining stocks has a lot of potential this year. This is the year of recovery from the pandemic. Sure, some places like India are still dealing with huge case numbers of the virus. But for now, at least the United States is on its way to defeating the virus completely. Case numbers have plummeted and 45% of the population has received the COVID-19 vaccine. So which mining stocks will make your list this year?