Commodity prices are booming as the world slowly begins to come back to normal following mass rollouts of COVID-19 vaccines. Commodities will beat, as an asset class will beat stocks, and bonds. If investors follow the following themes, they believe that they would have more than 5-7% returns.
Here is a summary of Insider Monkey’s 10 Best Commodity Stocks To Buy Now.
First we would have Denison Mines Corp. a company focused on uranium explorations in Saskatchewan and the McClean Lake mine. Next would be Energy Fuels Inc. who owns uranium-bearing monazite sands in White Mesa Mil.
Sociedad Química y Minera de Chile S.A. is the biggest producers of lithium, a high demand commodity for EV worldwide. The stock has gained 130% over the last 12 months, and their lithium sales jumped by 50%. Coeur Mining, Inc. explores key commodities such as gold, silver, lead, and zinc. The stock is up 173% over the last 12 months.
SSR Mining Inc. explores gold, silver, zinc and tin and has ownership of the largest silver mine in Argentina. The stock is up 22% over the last 12 months. Southern Copper Corporation mines key commodities like copper molybdenum, silver, and zinc, silver and gold, in South America. Currently they are spending $8 billion on different mining projects.
Cameco Corporation’s revenue feel by 37% in Q4 but in the last 12 months their stock has gained 110%. The biggest stakeholder of the company is David Iben’s Kopernik Global Investors, with 11 million shares, worth $147.6 million. Rio Tinto Group is one of the biggest commodities miner in the world, dealing in iron ore, copper, diamonds, gold and uranium. They have strong quarterly results, driven by an upbeat demand of iron ore from China.
Barrick Gold Corporation has gold assets and is a major producer of copper. Barrick’s recent results have been consistent with market expectations, however share performance was week in the first half of 2020. Freeport-McMoRan Inc. is one of the biggest miners in the U.S., with assets in North America, South America and Indonesia as they explore commodities such as copper, gold, molybdenum, silver, as well as oil and gas.
Read more of Insider Monkey’s 10 Best Commodity Stocks To Buy Now here.
