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5 Metals Stocks to Buy to Buffer Inflation During an Economic Bounce

Five metals stocks to buy as a way to buffer inflation during an economic bounce are benefiting from rising prices for metals such as gold and steel. The…

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This article was originally published by Stock Investor

Five metals stocks to buy as a way to buffer inflation during an economic bounce are benefiting from rising prices for metals such as gold and steel.

The five metals stocks to buy are climbing after record-setting prices worldwide for copper, iron ore, steel and aluminum, according to BoA Global Research. Those prices have jumped more than 20% above their average for the past 10 years, the investment firm stated in a recent research report.

The annual inflation rate in the United States soared to 4.2% for the 12 months ended April 2021, rising from 2.6% for the 12-month rate in March and 1.7% in February, according to U.S. Bureau of Labor Statistics data. The 4.2 percent increase reported in April marks the largest jump for a 12-month period since a 4.9-percent spike for the 12 months ended September 2008, the agency reported.

The trend should continue since is likely that growing inflationary pressure may not ease “imminently,” BoA reported in its May 25 research note. Management at some of the metals companies have reported that they plan to protect their margins by raising prices, if needed.

Gold Offers Most Reliable Inflation Hedge in Assessing 5 Metals stocks to Buy, Pension Leader Says

Gold offers the “most reliable inflation hedge” among the various metals, said Bob Carlson, chairman of the Board of Trustees of Virginia’s Fairfax County Employees’ Retirement System with more than $4 billion in assets. Carlson, who also leads the Retirement Watch investment newsletter, counseled that he recommends having a base inflation-hedge in gold through exchange-traded funds (ETFs), such as iShares Gold Trust (NYSE:IAU). 

Chart courtesy of www.StockCharts.com

“An investment in a metals and mining company often will result in more than an investment in a metal, Carlson continued. The companies usually have some debt that can be used as leverage to lift returns, he added.

Once the price of the metal is high enough to pay the company’s fixed costs, any further price increases enhance margins for the organization and thereby boost its bottom line.

Pension fund and Retirement Watch leader Bob Carlson answers questions from Paul Dykewicz prior to COVID-19-related social distancing.

5 Metals Investments to Buy Include Diversified Sector Funds

“Investors who want to seek these leveraged gains should invest in a diversified mutual fund or ETF,” Carlson said. “Those who want an inflation hedge should choose a fund focused on gold mining companies. A good choice is iShares MSCI Global Gold Miners (RING).”

Chart courtesy of www.StockCharts.com

For investors who want a broader portfolio that will benefit from both inflation and global growth, consider iShares MSCI Global Metals & Mining Producers (PICK), Carlson counseled.

Chart courtesy of www.StockCharts.com

5 Metals Investments to Buy Include BHP Group Ltd.

“If you’re worried about inflation draining value from the money you have, commodities are one of the best places to seek shelter,” said Hilary Kramer, who heads the GameChangers and Value Authority advisory services. “And if you have a feeling the building boom is only going to accelerate once Congress decides on an infrastructure package, there’s even a good chance of making long-term money on the mining stocks. In that scenario, I prefer base metals because they are consumed in industry and construction… forcing the miners to keep digging in order to satisfy demand.”

Kramer, who also hosts the nationally aired “Millionaire Maker” radio program, said one of her favorite metals stocks is BHP Group Ltd. (NYSE:BHP), the biggest miner on the planet across many metrics. The odds are good that BHP Group is a major supplier of virtually any metal one may want, she added.

Chart courtesy of www.StockCharts.com

“As a bonus, I worked on the initial investment banking here years ago, so I’m sentimental,” Kramer continued. “The 4.2% dividend yield at least matches current inflation, which is more than Treasury bonds can say, and any upside on the stock over time will be a nice bonus.”

Paul Dykewicz conducts a pre-COVID-19 interview with Hilary Kramer, whose premium advisory services include IPO Edge, 2-Day Trader, Turbo Trader and Inner Circle.

BHP Group’s share price has climbed 19.9% in the past 52 weeks and 64.6% thus far in 2021. Value-conscious investors may be interested that BHP Group’s price-to-earnings ratio of 27.8 is more economical than the S&P 500 Index’s 36.5.

Nucor Joins 5 Metals Stocks to Buy

One metals stock that has been on a huge run in the past year with no signs of stalling is Nucor Corp. (NYSE:NUE), a Charlotte, North Carolina based producer of steel and related metals.

“Superman might be the man of steel, but he’s got nothing on a tremendous company that actually forges the steel used to build the world, Nucor Corp.,” said Jim Woods, who leads the Successful Investing and Intelligence Report investment newsletters, as well as the Bullseye Stock Trader advisory service. Woods, who also co-edits the Fast Money Alert trading service with economist Mark Skousen, PhD, chose Nucor as his entrant in the five metals stocks to buy.

Columnist Paul Dykewicz meets with Jim Woods to discuss stocks to buy.

Nucor not only manufactures and sells steel and steel products, the company also is involved in all aspects of the steel business, including hot-rolled, cold-rolled, and galvanized sheet steel products, plate steel products, wide-flange beams, beam blanks and H-piling and sheet piling products. Woods continued.

“You get the picture,” Woods said. “If it’s steel, then Nucor does it.”

Chart courtesy of www.StockCharts.com

P/E Ratios of 5 Metals Stocks to Buy Are Modest Compared to S&P 500

Strong demand due to the economic reopening, the anticipated flood of money into infrastructure and rising steel prices have combined to help Nucor deliver earnings growth of 213% year over year in its latest quarter, Woods explained. Aided by strong earnings growth of the past several years, Nucor has vaulted into the top 9% of all companies in terms of increased earnings, he added.

Any doubters should consider that Nucor’s share price has zoomed 164.6% in the past 52 weeks and 109.0% so far in 2021. Investors who are worried that Nucor has soared too far, too fast should note that the stock has a price-to-earnings ratio of 20.5, compared to 36.5 for the S&P 500 Index.

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Reliance Steel Snags Slot With 5 Metals Stocks to Buy

Reliance Steel & Aluminum (NYSE:RS), a Los Angeles-based metal solutions provider and the largest metals service center company in North America, operates a network of about 300 locations in 40 states and 13 countries outside of America. The company offers value-added metals processing services and distributes a full line of more than 100,000 metal products to 125,000-plus customers in a wide range of industries.

Reliance has found a niche in fulfilling small orders with quick turnaround and increasing levels of value-added processing. In 2020, Reliance’s average order size measured $1,910, approximately 49% of its orders included value-added processing and about 40% of those orders were delivered within 24 hours.

Reliance Steel’s stock price has jumped 78.7% in the past 52 weeks and 45.1% thus far in 2021. Value-oriented investors may be interested that the company’s price-to-earnings ratio of 19.5 is roughly half that of the S&P 500 Index’s 36.5.

Reliance Steel’s Spot With 5 Metals Stocks to Buy Aided by Cash Flow

BoA gave Reliance Steel a price target of $185 per and praised its cash return to shareholders, as well as support for the share price through buybacks. Plus, the company has a track record of free cash flow generation.

BoA wrote that its price target for the company could be affected negatively by a delayed economic recovery, execution risk due to its acquisition strategy and any sharp corrections in prices. Potential catalysts for the stock, BoA noted, are: 1) aggressive buybacks or dividend increases, 2) higher metal prices and 3) more attractive consolidation opportunities than currently modeled. Additional upside could come from mergers and acquisitions (M&As), as well as stronger pricing and demand than currently forecast.

Chart courtesy of www.StockCharts.com

Steel Dynamics Strides Among 5 Metals Stocks to Buy

Fort Wayne, Indiana-based Steel Dynamics, Inc. (NASDAQ/GS: STLD) is one of the biggest domestic steel producers and metals recyclers in the United States. With facilities throughout the United States and in Mexico, the company produces a wide variety of steel products, such as hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists. Plus, Steel Dynamics produces liquid pig iron and processes and sells ferrous and nonferrous scrap.

Steel Dynamics announced on May 14 that company founder Mark D. Millett, its president and chief executive officer, added the role of chairman of the board on that date. The chairmanship opened when Keith E. Busse, a company founder, stepped down from that post but stayed on as a director.

BoA gave a $68 share price objective to Steel Dynamics, based on valuation modeling and assumptions. Uncertainty about achieving the price target comes from steel and scrap price volatility, possible project delays, the course of the economic recovery and potential excess supply, the investment firm noted.

The stock price of Steel Dynamics has jumped 143.9% in the past 52 weeks and 75.6% in 2021, as of June 1. The company’s price-to-earnings ratio of 17.0 is less than half the S&P 500 Index’s 36.5.

Chart courtesy of www.StockCharts.com

Ternium’s Upward Trend Takes It Among 5 Metals Stocks to Buy

Another fast-rising steel stock has been Luxembourg-based Ternium (NYSE:TX). Its share price has leaped 150.5% in the past 52 weeks and 37.0% in 2021, as of June 1. In addition, the company’s price-to-earnings ratio of 5.2 is at a huge discount compared to the S&P 500 Index’s 36.5.

Chart courtesy of www.StockCharts.com

Ternium manufactures and processes a wide range of steel products using advanced technology. With 17 production centers in Argentina, Brazil, Colombia, United States, Guatemala and Mexico, the company manufactures high-complexity steel products that supply the main industries and markets in the region.

Ternium describes itself as Latin America’s top flat steel producer, providing high-value-added steel products for customers in the automotive, home appliances, HVAC, construction, capital goods, container, food and energy industries. After reaching record earnings before interest, taxes, depreciation and amortization (EBITDA) in the first quarter of 2021, the guidance offered by Ternium management called for producing a sequentially higher EBITDA in the second quarter largely driven by rising realized steel prices, offset partially by higher cost per ton due to increased iron ore, scrap and slab costs affecting the company’s inventories.

5 Metals Stocks to Buy Sidestep Worst of COVID-19 Crisis

Progress in the COVID-19 vaccination process gives renewed hope that new cases and deaths could fall further in the weeks and ahead. Part of the optimism stems from the Food and Drug Administration (FDA) recently approving a third COVID-19 vaccine, manufactured by Johnson & Johnson (NYSE:JNJ), which requires just one dose rather than two, as the first two market entrants do.

COVID-19 cases worldwide have reached 171,046,311 and caused 3,557,281 deaths, as of June 1, according to Johns Hopkins University. Also as of June 1, U.S. COVID-19 cases totaled 33,287,124 and have resulted in 595,211 deaths. America has the dreaded distinction as the country with the most COVID-19 cases and deaths.

The five metals stocks to buy offer an inflation hedge to investors, amid a $1.9 trillion federal stimulus package, increased COVID-19 vaccine availability and an improving economy. Those factors and others are fueling the five metals stocks to buy.

Paul Dykewicz, www.pauldykewicz.com, is an accomplished, award-winning journalist who has written for Dow Jones, the Wall Street JournalInvestor’s Business DailyUSA Today, the Journal of Commerce, Seeking Alpha, GuruFocus and other publications and websites. Paul, who can be followed on Twitter @PaulDykewicz, is the editor of StockInvestor.com and DividendInvestor.com, a writer for both websites and a columnist. He further is editorial director of Eagle Financial Publications in Washington, D.C., where he edits monthly investment newsletters, time-sensitive trading alerts, free e-letters and other investment reports. Paul previously served as business editor of Baltimore’s Daily Record newspaper. Paul also is the author of an inspirational book, “Holy Smokes! Golden Guidance from Notre Dame’s Championship Chaplain,” with a foreword by former national championship-winning football coach Lou Holtz. The book is great as a gift and is endorsed by Joe Montana, Joe Theismann, Ara Parseghian, “Rocket” Ismail, Reggie Brooks, Dick Vitale and many others. Call 202-677-4457 for special Father’s Day gift pricing!

 

The post 5 Metals Stocks to Buy to Buffer Inflation During an Economic Bounce appeared first on Stock Investor.

Precious Metals

Constant Inflation Doubletalk from Fed Erodes Confidence

The summer doldrums in precious metals markets have tested the patience of bulls. The silver market has been hit especially hard…

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Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.

The summer doldrums in precious metals markets have tested the patience of bulls. The silver market has been hit especially hard in recent weeks, but price stayed above the $24 level and avoided dipping to new lows for the year.

Nervous and frustrated investors who bailed out this summer may have made a huge mistake. Gold and silver markets appear to now be catching a break on the upside.

On Thursday, gold gained 2% to record its best close since mid-June. As of this Friday recording, the monetary metal trades at $1,830 an ounce and is up 1.1% for the week.

Turning to silver, prices are advancing by 1.4% this week to check in at $25.62 per ounce. Platinum, which was basically flat through Thursday, now shows a weekly loss of 1.8% to trade at $1,056. And finally, palladium is drifting slightly lower by 0.9% to come in at $2,682 per ounce.

Metals markets stand to benefit from renewed weakness in the dollar.

Since late May, U.S. dollar strength versus foreign currencies had put downward pressure on hard assets. The U.S. Dollar Index rallied from about 89.50 to just over 93 before momentum waned in recent days.

The Index failed to make a new high for the year on its summer rally, setting the stage for a potential bearish reversal. That reversal appears to have taken place this week, with the Dollar Index breaking down below 92 yesterday.

Currency traders were unimpressed by the Federal Reserve’s latest policy briefing. On Wednesday, the Fed announced it would leave its benchmark Funds rate unchanged and continue its $120 billion in monthly asset purchases.

No tapering was on the table, though there was some taper talk. It amounted to vague indications of future tightening after the U.S. economy attains "substantial further progress."

Fed Chairman Jerome Powell tried to quell inflation concerns. He reverted again to his “transitory” claims, but in remarks to the media he seemed confused about what his own definition of transitory inflation means.

Jerome Powell: The increases will happen. We're not saying they will reverse. That's not what transitory means. It means that the increases in prices will happen. So, there will be inflation, but that the process of inflation will stop, so that there won't be ...

When we think of inflation, we really think of inflation going up year, upon year, upon year, upon year. That's inflation. When you have inflation for 12 months, or whatever it might be, I'm just taking an example, I'm not making an estimate, then you have a price increase but you don't have an inflation process. And so, part of that just is that if it doesn't affect longer term inflation expectations, then it's very likely not to affect the process of inflation going forward.

So, what I mean by transitory is just something that doesn't leave a permanent mark on the inflation process. Again, I don't mean that producers are going to take those price increases back; that's not the idea. It's just that they won't go on indefinitely. We have two mandates, maximum employment and price stability. Price stability for us means inflation average of 2% over time. And so, we've got to be very careful about that, but I think it's a good point that it's a term, what it really means is "temporary." But then you've got to understand that it doesn't mean that the increases will be taken back. Some of them will be, but that's not really what it means.

Well, anyone wants to make sense out of all that would need a degree in Fedspeak. We are supposed to believe that stable prices actually means prices rising at a 2% average rate – except when the Fed wants inflation to run higher. But when it does, it’s only transitory – except when it affects the inflation process, which happens when long-term inflation expectations rise, which the Fed says won’t happen but at the same time doesn’t really know what will happen in the future.

Maybe what the Fed says matters less than what economic realities say. Investors would be better served focusing on fundamentals than trying to decipher central bankers’ forecasts.

Unfortunately, investors can’t ignore the Fed entirely. Since its monetary policy decisions can and do drive financial markets, it is necessary to pay attention to what the Fed is actually doing.

Right now it is still stimulating rather than fighting inflation, still holding interest rates artificially low, and still offloading negative real yields upon savers and investors.

That puts both the bond and stock markets in precarious positions. If inflation expectations were to shift to rising prices being a long-term rather than a transitory problem, a dramatic downside readjustment in interest-rate sensitive financial assets would commence.

There would also likely be a dramatic upside revaluation of hard assets including precious metals.

Whether investor psychology shifts suddenly or gradually toward an inflation-protection mindset remains to be seen. Metals markets tend to move slowly at the beginning of bull markets, then rapidly and even violently toward the end.

Market timing is an impossible task given the unpredictable nature of people and circumstances. What is possible is to capitalize on opportunities when markets are over-pricing financial assets and under-pricing hard assets.

The opportunity exists now, but it won’t last forever. There may even come a day when the opposite is true – hard assets are overpriced with inflation expectations running way ahead of actual inflation realities and financial assets offering tremendous value as a result.

Yes, that could happen. It did in the early 1980s.

But the early 2020s look more like the start of a new inflationary cycle rather than the unwinding of one.

Well, that will do it for this week. Be sure to check back next week for our next Weekly Market Wrap Podcast. Until then this has been Mike Gleason with Money Metals Exchange, thanks for listening and have a weekend everybody.

      

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Precious Metals

First in Gold Reserves- Russia Plans for Significant Ramp Up of Gold Mining

By Eugene Gerden Russia plans a further major increase of domestic gold mining in years…

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By Eugene Gerden

Russia plans a further major increase of domestic gold mining in years to come that will be achieved through the development of new gold mines and accelerating the further development of the already existing gold mines, according to recent statements made by representatives of some leading Russian gold mining companies and local media reports.

In terms of gold reserves, Russia currently ranks first in the world with a share of about 13%, while ranking 3rd in terms of production with a share of about 9%. Last year, gold production in Russia amounted to 340.17 tons, slightly less than in 2019 with a reduction of 0.98%. There is a possibility that gold production in Russia may have already significantly increased this year.

The majority of gold produced in Russia in 2020 was sold for exports, the volume of which amounted to about 320 tons. While a few years ago, exports were insignificant, as the bulk of domestic gold was purchased by the Bank of Russia, the situation has changed in recent years.

Alexey Kalachev, a senior analyst at FINAM Group, one of Russia’s leading analyst agencies in the field of mining and finance, said in an interview with the local Regnum newswire, “active gold purchases by the Central Bank supported the domestic gold mining industry during the period of low prices and allowed the state to form significant gold  reserves.”

According to recent statements made by the Minister of Natural Resources of Russia, Alexander Kozlov, “at the current rate of production, gold reserves in Russia will be enough to ensure stable production for the next 40 years.”

Mr. Kozlov goes on to say, “Russia regularly increases its resource base for gold.” This is reflected by official data, since 2010 the country has increased its gold reserves by about 6,000 tonnes.

Over the past decade, three large area plays have been further explored, among them are the Natalkinskoye and Pavlik gold deposits in the Magadan region, the Gross gold deposit in Yakutia and the Verninskoye in the Irkutsk region. Kozlov added, “the Sukhoi Log field in the Irkutsk region and several large areas in the Far East are also being prepared for development.”

According to local analysts, a significant increase in gold production in Russia can be expected from 2026, when production will start at the Polyus owned Sukhoi Log field, one of the largest gold fields in Russia and the world with 40 million ounces proven and probable gold reserves and 67 million ounces measured, indicated and inferred mineral resources.

In recent years, Polyus has significantly strengthened its position in the domestic market as one of the largest gold producers in Russia, which accounts for approximately every fourth ounce of gold mined in Russia at present.

With Sukhoi Log reaching full capacity, the company will increase its production by about 80% and will be one of the top three gold mining companies in the world.

In general, with the commissioning of Sukhoi Log in 2026 total gold production in Russia could grow by about 20%.

According to Deputy Prime Minister and Plenipotentiary of the President of Russia in the Far Eastern Federal District Yuri Trutnev, hopes are also put on the intensification of geological exploration in the Magadan Region, the least populated region of Russia, which could become a new center of gold mining in Russia in years to come.  In 2020, the region’s mining enterprises extracted 49.14 tons of gold from ore and placer deposits. That became a record result over the past 45 years, when 49 tons and 600 kg of gold were mined within a territory of the region in 1974.

In addition, a further increase of production is planned for Kamchatka, where a new underground mine and a new stage of processing complex will be established on the basis of the Ametistovoe region in the Kamchatka priority development area, which is the largest gold mining enterprise in Kamchatka.

In general, the authorities of Kamchatka plan to increase gold production to 10 tons by 2022 by commissioning new mining and processing plants. These include an enterprise at the Kumroch gold deposit with a capacity of up to 500,000 tons of ore per year and a processing complex with a capacity of 600,000 tons of ore per year at the Ozernovskoye gold deposit.

For 30 years after the collapse of the USSR, Russia has been developing its gold mining industry. During this time, the country produced more than 6,000 tonnes (194 million ounces) of gold, including associated, secondary and gold in concentrates, providing about 10% of the annual world production.

 

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Precious Metals

Mineral resource expansion at one of the largest precious metal and polymetallic deposits in British Columbia

Rokmaster Resources Corp. [RKR-TSXV, RKMSF-OTCQB, IRRI-FSE] is focused on developing the Revel Ridge project, one…

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Rokmaster Resources Corp. [RKR-TSXV, RKMSF-OTCQB, IRRI-FSE] is focused on developing the Revel Ridge project, one of the largest precious metal and polymetallic deposits in British Columbia.

Rokmaster is headed by President and CEO John Mirko, a 40-year veteran of the mineral exploration sector. He is recognized for permitting, constructing, and operating mines, including through receipt of the E.A. Scholtz Medal for Excellence in Mine Development from the Association for Mineral Exploration of British Columbia, and the Mining and Sustainability Award from the Mining Association of British Columbia. Mr. Mirko was the founder & President of Canam Alpine Resources Ltd. prior to its recent sale to Vizsla Silver Corp. in September 2019.

Mineral resource expansion at Revel Ridge is top of mind for Mr. Mirko and Rokmaster, who expect an updated resource estimate by year’s end. The project has an existing measured and indicated resource in the Main Zone of 1.1 million ounces of AuEq at a grade of 8.07 g/t AuEq, and an inferred resource of 961,000 ounces of AuEq grading 6.55 AuEq (excluding Hanging Wall and Footwall Zone resources).

The separate Yellowjacket Zone is a stacked series of subparallel carbonate hosted silver-zinc-lead zones. It contains an indicated resource of 771,000 tonnes of grade 9.93% zinc, 2.61% lead, 0.09 g/t gold and 62.8 g/t silver. The mineral resource estimate does not include results from the company’s recent and ongoing drill program.

Rokmaster’s underground drill program saw an exceptional 85% of drill holes with completed assays intercept above-threshold net smelter return gold equivalent grades. The company also identified visible, particulate gold grains in deeper drillholes. This is important for mineral economics as potentially free milling particulate gold that isn’t locked into a sulphide phase has a high probability of being recovered by standard and lower cost metallurgical processes, including gravity.

In a June 2021 update, the company said exploration data suggests that the volume of mineralized rock outside of the 2020 resource area may be significantly larger than the volume of rock within the 2020 resource domain.

With an active surface drill program currently underway, results continue to confirm and expand on the exceptional continuity of the gold-rich Main Zone mineralization and the silver-zinc rich Yellowjacket style mineralization. Recently returned assays cored 3.9 m of 1,093 g/t AgEq within 14.38 m of 482.4 g/t AgEq. Drilling and geochemical sampling are demonstrating that the Revel Ridge orogenic gold system extends for kilometers beyond historical diamond drill holes.

“Every successful drillhole in this greenfields exploration environment further expands the larger scale potential of the Revel Ridge camp, and in these drill holes we are effectively looking for a new mine,” Mr. Mirko said in a July 16, 2021 news release. “Results from the first seven surface diamond drill holes (RR21-41 to RR21-47) document the significant contribution that the expanded silver-rich, carbonate hosted Yellowjacket Zone will provide to the net resource at Revel Ridge. “

In recent media, Mr. Mirko said the company hopes to release a revised 43-101 Gold equivalent resource once the drilling is complete. Drilling is still underway with assay results pending.

“A welcome challenge for our team is seizing on the impressive size and growing number of tier-one targets,” Mr. Mirko said, adding “This is an enviable position for any junior explorer and a position which is likely unique for many projects in the Western Cordillera.’’

Targeting mine development, Rokmaster released a preliminary economic assessment (PEA) in December, 2020 demonstrating that Revel Ridge has the potential to become a long life, low-cost, robust polymetallic gold-silver mine with strong project economics with a base case price of US$1,561 an ounce gold. Preproduction capital expenditures are forecast to be $396 million.

The PEA leverages Revel Ridge’s extensive infrastructure, including all-weather access roads, local hydroelectric facilities, 3.0 kilometres of underground development, permitted waste rock storage facility, full camp facility, and proximity to the City of Revelstoke.

Key project infrastructure would include a 2,300 tonne per day mill comprising crushing-sorting-grinding-gravity-flotation-POX plant, producing gold/silver doré and saleable zinc and lead concentrates. See a conceptual video of Rokmaster’s mine site and process plant for more.

On July 30, 2021, Rokmaster shares were trading at 51 cents in a 52-week range of 76 cents and 20.5 cents, leaving the company with a market cap of $54 million, based on 104.9 million shares outstanding.

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