Recent Metals and Mining Stocks News

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Metals and Mining Stocks

Gold Could Be on the Cusp of a Major Upside Move: Here’s How to Play it

Kinross Gold (TSX:K)(NYSE:KGC) stock is a relative bargain to play a recovery in the price of gold.

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Metals and Mining Stocks

Is Barrick Gold (TSX:ABX) a Strong Buy? Profit Surges Almost 19% in Q2 2022

TSX’s top mining stock should be a strong buy in August after the gold miner reported a 19% profit growth…

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Metals and Mining Stocks

Barrick Gold Stock Looks Primed for Takeoff

Barrick Gold (TSX:ABX)(NYSE:GOLD) stands out to me as a glimmer of value in this choppy market environment.

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Metals and Mining Stocks

Agnico Eagle Mines: The Best Gold Stock of the Batch Right Now?

Agnico Eagle Mines (TSX:AEM)(NYSE:AEM) stock looks cheap ahead of a potential relief rally in the price of various precious metals,…

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TSX Today
Metals and Mining Stocks

TSX Today: What to Watch for in Stocks on Tuesday, August 9

The ongoing corporate earnings season and the U.S. Energy Information Administration’s latest short-term energy outlook report could keep TSX stocks…

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Dividend Stocks

These 3 TSX Stocks Have Doubled Over 3 Years: Can They Do It Again?

Three TSX stocks whose share prices have doubled in three years are well-positioned to repeat history and reward investors with…

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TSX Today
Metals and Mining Stocks

TSX Today: What to Watch for in Stocks on Monday, August 8

Continued strength in metals prices could help mining stocks on the TSX open slightly higher today.

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Metals and Mining Stocks

This Imploded Gold Stock Has a Shining Dividend!

Barrick Gold (TSX:ABX)(NYSE:GOLD) is down around 50% from its high, making it a top contrarian pick for those lacking precious…

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Frequently Asked Questions

Mining and mineral stocks do pose some risks investors should be aware of. 

First off, the industry is highly cyclical, meaning it rises and falls with the overall economy. When the economy is doing fairly well, the market demands more minerals: buildings are going up, consumers are buying more gold, construction is consistent. When the economy falls, however, demand for minerals tends to fall with it. The cyclical nature of energy stocks makes them more volatile than, say, utilities and consumer staples. 

Another risk investors should take note of is expansion. Building mines is very expensive, much more expensive than building a new corporate headquarters. In the past, mines have expanded their enterprises during strong periods of economic growth, only to launch when the economy begins to sink. 

For both these reasons, it’s vital to analyze a mining company’s finances. If the company is saddled with debt, that could be an indicator it’s overextending itself, despite supposed growth. 

Mining stocks can be a great investment, however, there are some things to keep in mind before investing.

Mining stocks can be very volatile depending on economic conditions. That being said, the best Canadian mining companies have been able to generate good profit regardless of economic conditions.