Here we are in 2021, and mining stocks have begun to explode in value once again. Back in 2020 the growth of mining stocks was completely unpredictable before the pandemic happened. The pandemic arrived and it tanked a lot of mining stocks. Then a recovery came, and pushed mining asset prices to new record highs. Now this year, we are only one week in. In this short amount of time plenty of mining stocks have been able to increase their value in the market. This comes as precious metals like silver and gold have reached $27 per ounce and $1900 per ounce respectively.
As a result of this, 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. Whether its earnings season or not, 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. Now let’s look at some top mining stocks to buy or sell as we continue through the first month of 2021.
Read MoreTop Mining Stocks To Buy Or Sell: Vale S.A.
The first company on this list of mining stocks is Vale S.A. (VALE Stock Report). Vale is a producer and seller of iron ore and iron ore pellets to be used as raw materials in steel creating. The company operates in 3 sections, being Ferrous Minerals, Base Metals, and Coal. Some of the materials it produces is gold, silver, copper, cobalt, manganese, and more. Vale also produces platinum group metals too. Let’s look at Vale’s performance so far in 2021.
Well last year in its quarterly results, its net income and revenue rose a bit from the previous quarter. Now in 2021, VALE stock has upticked quite a bit. On December 31st, VALE stock price was at $16.80 a share on average. Now as of January 7th, VALE stock price is at about $18.70 a share on average. On the day of, this mining stock rose more than 4.20%. Vale has not released any 2021 updates yet. So its stock price is moving based on the price of precious metals themselves, mainly gold and silver.Top Mining Stocks To Buy Or Sell: Coeur Mining Inc.
Next up on this list of mining stocks is Coeur Mining Inc. (CDE Stock Report). Coeur Mining is a company exploring, developing, and producing various minerals at its locations. Its primary resources are silver, gold, zinc, and lead. Coeur has a 100% interest in the Palmarejo mine, Rochester mine, Kensington mine, and Wharf gold mine. It markets its metals to refiners and smelters around the world. The company’s products are sent to the United States, Japan, and Switzerland. The properties Coeur holds are located in Mexico, Alaska, Nevada, South Dakota, and Canada. Let’s check out Coeur’s performance in 2021 so far.
CDE stock price is at about $11.07 a share on average as of January 7th. Coeur Mining has experienced a boost in stock price during the first week of 2021. CDE stock was at $10.40 a share before the new year started. CDE stock is down 0.6% on the day of January 7th, but is still up in the last week. It will be interesting to see what happens with this mining stock as the year goes on. It is currently moving based on rising metal prices.Top Mining Stocks To Buy Or Sell: Southern Copper Corporation
Now let’s talk about Southern Copper Corporation (SCCO Stock Report). SCCO explores, mines, smelts, and refines copper primarily. Southern Copper operates mines in Peru, Mexico, Ecuador, Argentina, and Chile. The company’s primary functions are mining and milling copper ore. To date it has more than 290,000 hectares of land across all of its properties. It didn’t have the best quarterly reports in its last filing, but that does not mean what you may think.
SCCO stock is also up in 2021. Back on December 31st, SCCO stock price was at $65 a share on average. SCCO stock is up more than 3% on the day of January 7th alone, in which its stock price is now above $71 a share. This company also is among the mining stocks that are trending in 2021. It is moving because of metal prices rising as well. Now we await the next update from Southern Copper Corporation.Top Mining Stocks To Buy Or Sell: Teck Resources Limited
The final company on this list of mining stocks is Teck Resources Limited (TECK Stock Report). Teck Resources Limited is a mining company that researches, explores, develops, and produces natural resources. Its operations are in the Asia Pacific, the Americas, and Europe. Teck’s diverse sectors include Steelmaking Coal, Copper, Zinc, and Energy. The company will produce coal, copper, zinc, bitumen, gold, silver, and other resources. Additionally, Teck works in Frontier oil sands projects, and exploration and development projects. The projects in question are in Alberta, Australia, Chile, Ireland, Mexico, Peru, Turkey, and the United States.
So how is Teck’s performance in 2021? Well, quite good so far actually. TECK stock was at $18.14 on December 31st before the new year. Since then, TECK stock price has gone up to $19.85 a share on average. This increase of 9.42% shows great performance for this mining stock so far. Just like the others on this list, it is going up based on the increase of pricing on precious metals. Gold and silver are among the biggest gainers when it comes to mining resources in the last week. Now we await to see where the price of gold and silver and other resources will go to in 2021.