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20 Trending Stocks In Mining Industry Can Be Good Bets

The mining industry is facing new challenges as new trends emerge with the passage of time. The metal and Mining industry reach is so broad that the utilization rate of metal is considered to be the key factor that determines the health of the global economy. Mining companies must adapt to rapid technological change, innovation, and digital transformation. The growing climate crisis also increases pressure on the mining industry. The metals and mining industry needs to establish long-lasting benefits for the communities they operate in.

The world has changed in 2020. The pandemic has affected almost every sector and caused various industries to stop their operations. But here the question arises what are the challenges faced by the metal and mining industry. Demand took a downturn which has a major impact on this industry. Here are the top 20 leading companies which are following new trends of the market to maintain its position:

Teck Resources Limited (NYSE: TECK)

Teck Resources Limited (NYSE: TECK) last closed at $13.00, in a 52-week range of $5.60 to $19.44. Teck Resources Limited (TECK) disclosed earlier that the Partners in the Fort Hills limited partnership have decided to restart the second Fort Hills train and plan to increase production to approximately 120,000 barrels per day by the end of the year. Teck Resources Limited has a total market capitalization of $6.24 billion at the time of writing.

Northern Dynasty Minerals Ltd. (AMEX: NAK)

Northern Dynasty Minerals Ltd. (AMEX: NAK) shares headed falling, lower as much as -2.88%. The most recent rating by H.C. Wainwright, on October 19, 2017, is at a Buy. Northern Dynasty Minerals Ltd. (AMEX: NAK) has responded to the report issued by Beijing-based short-seller J Capital Research on September 9, 2020. NAK labeled it “fatuous, flimsy and fundamentally self-serving,” as well as “typical of such efforts to profit by destroying the value of honest shareholders’ investments.” It has also named Mike Westerlund, a seasoned Investor Relations executive. He has more than 20 years’ experience in the North American mining and metals industry.

Rio Tinto Group (NYSE: RIO)

Rio Tinto Group (NYSE: RIO) rose 5.01% after gaining more than $3.05 on Friday. Rio Tinto Group (RIO) disclosed that its CEO Jean-Sébastien Jacques will resign after shareholders showed discontent with the handling of the mining giant’s destruction of two Aboriginal rock shelters in Australia. Jacques will remain in his position until March 31 next year to ensure business continuity and to maintain the performance of the group’s global operations during COVID-19.

BHP Group (NYSE: BHP)

BHP Group (NYSE: BHP) last closed at $54.19, in a 52-week range of $29.78 to $58.35. Analysts have a consensus price target of $51.04. BHP Group (BHP) will connect a portion of bonus payments for Chief Executive Officer Mike Henry and key leaders to progress by the world’s top miner on lowering greenhouse gas emissions at both its own operations and those of its customers. It has a total market cap of $126.20 billion at the time of writing.

General Moly Inc. (AMEX: GMO)

General Moly Inc. (AMEX: GMO) fall -2.28% after losing more than -$0.01 on Friday. General Moly Inc. (GMO) disclosed on September 1, 2020, it has entered into a binding letter of intent with Pathfinder Minerals LLC for the sale by the Company of Liberty Moly LLC and all assets owned by the Company that constitutes the Liberty Project. It has a 52-weeks low range of $0.10 and a high range of $0.37. GMO market capitalization has remained high, hitting $19.55 million.

Americas Gold and Silver Corporation (AMEX: USAS)

Americas Gold and Silver Corporation (AMEX: USAS) stock soar by 0.34% to $2.92. America’s Gold and Silver Corporation (USAS) has earlier gave an update on the ramp-up of the Relief Canyon mine toward commercial production. It has also revealed that it has concluded it’s previously announced and upsized bought deal financing with a syndicate of underwriters co-led by Desjardins Capital Markets and Cormark Securities Inc., and including Stifel GMP, Clarus Securities Inc., and Laurentian Bank Securities Inc.

Westwater Resources Inc. (NASDAQ: WWR)

Westwater Resources Inc. (NASDAQ: WWR) Shares headed falling, lower as much as -2.29%. enCore Energy has earlier announced it has signed a Binding Agreement to acquire Westwater Resources’ Uranium Production & Resource Assets. Total compensation accruing to Westwater as part of the deal is anticipated to be in excess of $1.95 million in enCore shares and royalties from future production from the New Mexico properties.

Trilogy Metals Inc. (AMEX: TMQ)

Trilogy Metals Inc. (AMEX: TMQ) last closed at $1.87, in a 52-week range of $1.03 to $2.74. Analysts have a consensus price target of $2.00. Trilogy Metals Inc. (TMQ) announces that the Company has chosen Richard Gosse as Vice President Exploration, effective immediately. Mr. Gosse is a highly seasoned exploration geologist. He has 35 years of experience, including 15 years at the Vice President level.

Auryn Resources Inc. (AMEX: AUG)

Auryn Resources Inc. (AMEX: AUG) stock drop by -1.91% to $2.05. Auryn Resources Inc. (AUG) has launched Proxy Circular for reorganization and Eastmain acquisition. It has also revealed that it has completed the purchase of six Sombrero copper-gold concessions in southern Peru that had been optioned in 2016 from Alturas Minerals S.A. Auryn Resources Inc. (AMEX: AUG) market cap has remained high, hitting $220.61 Million at the time of writing.

EMX Royalty Corporation (AMEX: EMX)

EMX Royalty Corporation (AMEX: EMX) shares headed falling, lower as much as -1.76%. EMX Royalty Corporation (AMEX: EMX) has disclosed that the execution of an exploration and option agreement for the Queensland Gold project in northeastern Australia with Many Peaks Gold Pty Ltd, a private Australian company. It has a total market capitalization of $235.28 million.

Vale S.A. (NYSE: VALE)

Vale S.A. (NYSE: VALE) shares were trading up 5.32% at $11.67 at the time of writing on Friday. Vale S.A. (NYSE: VALE) share price went from a low point around $6.49 to briefly over $13.67 in the past 52 weeks, though shares have since pulled back to $11.67. VALE market cap has remained high, hitting $58.13B at the time of writing, giving it a price-to-sales ratio of more than 2.

If we look at the recent analyst rating VALE, Exane BNP Paribas upgraded coverage on VALE shares with an Outperform rating and a $15.08 price target, which implies room for 3.41% upside momentum this year.

Great Panther Mining Limited (AMEX: GPL)

Great Panther Mining Limited (AMEX: GPL) stock soar by 1.74% to $0.98. The most recent rating by ROTH Capital, on August 10, 2017, is at a Buy. Great Panther Mining Limited (GPL) share price went from a low point around $0.23 to briefly over $1.07 in the past 52 weeks, though shares have since pulled back to $0.98. Great Panther Mining Limited market cap has remained high, hitting $343.90 Million at the time of writing.

PolyMet Mining Corp. (AMEX: PLM)

PolyMet Mining Corp. (AMEX: PLM) stock soar by 2.63% to $3.51. The most recent rating by H.C. Wainwright, on September 08, 2014, is at a Buy. in the past 52-weeks of trading, PolyMet Mining Corp. (PLM) stock fluctuated between the low of $1.50 and a high of $9.70. It has moved up 134.00% from its 52-weeks low and moved down -63.81% from its 52-weeks high. PolyMet Mining Corp. has a total market capitalization of $342.51 million at the time of writing.

BHP Group (NYSE: BBL)

BHP Group (NYSE: BBL) Shares headed rising, higher as much as 3.22%. The most recent rating by JP Morgan, on March 20, 2020, is at an Overweight. BHP Group (BBL) share price went from a low point around $23.64 to briefly over $48.67 in the past 52 weeks, though shares have since pulled back to $44.50. BHP Group market cap has remained high, hitting $126.20 billion at the time of writing.

Taseko Mines Limited (AMEX: TGB)

Taseko Mines Limited (AMEX: TGB) last closed at $1.05, in a 52-week range of $0.20 to $1.19. Taseko Mines Limited (TGB) has traded up 425.00% from its 52-weeks low and traded down -11.76% from its 52-weeks high. Looking at its profitability, it has a return on assets of -7.10%, returns on equity of -22.00%, and return on investment of -4.30%. Focusing on its liquidity, it has a current ratio of 1.90. Its market capitalization is $262.30 million.

SilverCrest Metals Inc. (SILV)

SilverCrest Metals Inc. (AMEX: SILV) stock drop by -1.24% to $9.54. The most recent rating by B. Riley FBR, on March 03, 2020, is at a Buy. SilverCrest Metals Inc. (SILV) share price went from a low point around $3.28 to briefly over $11.12 in the past 52 weeks, though shares have since pulled back to $9.54. SilverCrest Metals Inc.’s market cap has remained high, hitting $1.29 billion at the time of writing.

Vedanta Limited (NYSE: VEDL)

Vedanta Limited (NYSE: VEDL) shares headed rising, higher as much as 2.44%. The most recent rating by JP Morgan, on May 05, 2020, is at a Neutral. Vedanta Limited (VEDL) stock fluctuated between the low of $3.24 and a high of $9.41. It has moved up 120.06% from its 52-weeks low and moved down -24.23% from its 52-weeks high. Vedanta Limited has a total market capitalization of $6.63 Billion at the time of writing.

Lithium Americas Corp. (NYSE: LAC)

Lithium Americas Corp. (NYSE: LAC) fall -1.27% after losing more than -$0.09 on Friday. Lithium Americas Corp. (LAC) share price went from a low point around $1.92 to briefly over $9.15 in the past 52 weeks, though shares have since pulled back to $7.01. Lithium Americas Corp. (LAC)’s market cap has remained high, hitting $635.41 Million at the time of writing.

Western Copper and Gold Corporation (AMEX: WRN)

Western Copper and Gold Corporation (AMEX: WRN) last closed at $1.38, in a 52-week range of $0.31 to $1.53. Western Copper and Gold Corporation (WRN) has traded up 349.22% from its 52-weeks low and traded down -9.92% from its 52-weeks high.  Its market capitalization is $158.23 million.

Ferroglobe PLC (NASDAQ: GSM)

Ferroglobe PLC (NASDAQ: GSM) fall -1.91% after losing more than -$0.01 on Friday. Ferroglobe PLC (GSM) share price went from a low point around $0.35 to briefly over $1.42 in the past 52 weeks, though shares have since pulled back to $0.44. Ferroglobe PLC’s market cap has remained high, hitting $76.10 Million at the time of writing.

 

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