5 NYSE Mining Stocks Hitting New 52-Week Highs
With precious metals prices starting the New Year upward, it’s not surprising to see many mining stocks joining in the fun. Some of these dig mainly for gold, others dig mainly for silver and a few dig for both. In addition, one of these mines for copper but also comes up with germanium, indium and cadmium.
What these have in common is that they all trade on the New York Stock Exchange — investors should be able to find information about them without too much effort. All have decent liquidity. 3 out of 5 pay dividends. The mining operations generally are globally diversified.
BHP Group is based in Australia and mines around the world, mainly for copper, iron ore and nickel.
That’s a solid move upward from late November last year into January, 2021. Once it broke above the August peak, the action was quick from 57 to 68. BHP Group has a price/earnings ratio of 21 and more shareholder equity than long-term debt. The company pays a 3.27% dividend. Average daily volume is about 2 million shares.
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Endeavor Silver is headquartered in Canada with additional operations in Mexico and Chile.
The miner lost money this year but the 5-year record remains positive. Shareholder equity greatly exceeds long-term debt and the current ratio is green. Endeavor does not pay a dividend. Average daily volume on the NYSE comes to about 2.7 million shares.
Fortuna Silver Mines is based in Peru with projects also going on in Mexico and Argentina. They mine for silver as the name implies and sometimes find gold as well.
You can see how it’s broken well above the early November peak of 8.20 and made its way up above 9.20. Fortuna had terrific earnings over the last 12 months and the 5-year record is green. The short float at 6.1% suggests someone doesn’t like it — if they’re ever forced to cover that could fuel further rally. No guarantees. Average daily volume is 3.25 million shares.
Hecla Mining Company HL is USA-based and mines mostly for silver and gold.
The stock just broke above the early August peak of 6.76 for a new 52-week high. Hecla earnings are way off for the last 12 months but analysts expect them to improve greatly over the next 12. Investors receive a .89% dividend. Long-term debt is much less than shareholder equity. Average daily volume is 7.9 million shares.
Teck Resources is headquartered in Canada with additional operations in the United States, Peru and Chile.
Note how the stock has been up trending since June and note how that trend seems to increase as time goes on. Teck’s earnings were way off this year but, like Hecla, analysts are expecting improvement going forward. In the meantime, the miner pays a .84% dividend. The stock trades at a mere 2/3rd’s book value. Average daily volume is 4.3 million shares.
These are not buy recommendations. The sector is well-known for its occasional volatility — but so are tech stocks. For investors interested in prices trending upward and which are now higher than they’ve been in 52 weeks, this list might be worth further research.
Stats courtesy of FinViz.com.
I do not hold positions in these investments. No recommendations are made one way or the other. If you’re an investor, you’d want to look much deeper into each of these situations. You can lose money trading or investing in stocks and other instruments. Always do your own independent research, due diligence and seek professional advice from a licensed investment advisor.