The industrial metals and mining sector includes various companies that mine for, process, sell, and distribute multiple minerals. Many of these businesses are considered small-cap or micro-cap companies, which can sometimes be difficult for investors to access. However, these industries are some of the most profitable today. In an earlier article, we discussed why industrial metals and mining stocks could be worth investing in right now. This article outlines the top industrial metals and mining stocks you can buy today.
Worthington Industries (WOR)
Worthington Industries is a leading global supplier of engineered products in construction, oil and gas exploration, and electrical transmission and distribution. The company manufactures and markets iron and steel products, tubes, and pipes and sells a wide range of products for construction and transmission/distribution markets. This stock has surged over the past year, with share prices up over 45%. Worthington has a market cap of $5.5 billion and a projected earnings growth rate of over 10% per year. This is an excellent investment for the long-term and is one of the top industrial metals and mining stocks you can buy today. Worthington is a buy.
Yamana Gold (AUY)
Yamana Gold is a gold mining company with significant operations in Brazil, Argentina, and Canada. Yamana has a vast network of joint ventures and partnerships with other major gold producers, including Newmont Mining and Goldcorp. Yamana’s acquisition of Penasquito Gold Mine in Mexico, which included a deal to become a part owner of the nearby Constancia Mine, has helped Yamana expand its gold production. Yamana has increased its share price by over 50% in the last year and is currently trading at $8.8 per share. Yamana has a market cap of $5.9 billion and is expected to grow its earnings by over 10% per year. This is another top industrial metals and mining stock you can buy today, making Yamana Gold a buy.
Osisko Gold Royalties (OR)
Osisko Gold Royalties is a mining company interested in mining projects in Quebec, Canada. The company has established itself as a top-tier gold royalty firm, owning royalties from some of the world’s largest and highest-quality gold mines, including La Creuse, Phoenix, and Black Fox. Osisko Gold Royalties has seen its share price rise by over 70% in the past 12 months and is currently trading at $19.8 per share. This is another top industrial metals and mining stock you can buy today, making Osisko Gold Royalties a buy.
Sandstorm Gold (SAND)
Sandstorm Gold is a mining company focused on acquiring gold and other precious metal stream deposits. While the company’s primary focus is on gold, Sandstorm has silver and copper assets and is involved in other minerals such as zinc and lead. This stock has seen a lot of action over the last year, with share prices increasing by over 250%. During this time, Sandstorm has had several significant acquisitions, including the purchase of the Bahia Minerals gold stream, the acquisition of the Goldeadditionlver stream, and the Silver Creek acquisition. Sandstorm currently has a market cap of $1.1 billion and is expected to grow its earnings by over 70% per year. This stock is one of the top industrial metals and mining stocks you can buy today, making Sandstorm Gold a buy.
Conclusion
The industrial metals and mining sector includes various companies that mine for, process, sell, and distribute multiple minerals. Many of these businesses are considered small-cap or micro-cap companies, which can sometimes be difficult for investors to access. However, these industries are some of the most profitable today. As a result, the companies listed above are some of the top industrial metals and mining stocks you can buy today. In addition, these investments are expected to generate significant returns while remaining relatively safe in the short term.
Read More: Top Industrial Metals & Mining Stocks You Can Buy Today