Connect with us

Articles

Top Canadian Rare Earths Stocks

What are the top Canadian rare earths stocks? These companies on the TSX and TSXV have performed the best so far this year.
The post Top Canadian Rare…

Share this article:

Published

on

This article was originally published by Investing News Network

Click here to read the previous top Canadian rare earths stocks article.

Although they usually get less attention than gold, copper and lithium, rare earth elements (REEs) are important metals for the global economy, especially in the 21st century.

The high-strength REE magnets found in much of today’s essential technology, including smartphones, wind turbines and electric vehicles (EVs), account for 29 percent of rare earths consumption. Analysts expect that demand for magnet rare earths ­— neodymium, praseodymium, dysprosium and terbium — will continue to rise alongside demand for these technologies over the next decade and beyond.

Currently, China is home to more than 60 percent of annual global rare earth metal production, which has led western nations to seek to secure alternative rare earths supply chains.

 

Dig In To Find Out The Latest Outlook On Rare Earth

   
All The Information You Need To Make Wise Investments. Don't miss out!
 

Rare earths companies listed on the TSX and TSXV offer exposure to non-Chinese rare earth resources, and may be a compelling choice for investors who are bullish on the future of this interesting market.

But what are the top Canadian rare earth stocks? Here the Investing News Network looks at the TSX- and TSXV-listed REE companies with the biggest gains so far this year. This top Canadian rare earth stocks list was compiled using TradingView’s stock screener, and data was gathered on July 9, 2021. All companies mentioned had market caps of at least C$10 million at that time.

1. Search Minerals (TSXV:SMY)

Year-to-date gain: 223 percent; current share price: C$0.21

Search Minerals controls a 63 kilometer long and 2 kilometer wide belt in the emerging Port Hope Simpson – St. Lewis critical REE district in Southeastern Labrador.

The company has completed a preliminary economic assessment for the Foxtrot deposit, as well as a resource estimate for the Deep Fox deposit. Search is also working on three exploration prospects along the belt: Fox Meadow, Silver Fox and Awesome Fox.

In June, Search was selected to participate in Canada’s Accelerated Growth Service initiative, which includes coordinated access to government resources geared at helping the company move quickly to production. The purpose of the initiative is to the establish a stable and secure REE supply chain.

2. Marvel Discovery (TSXV:MARV)

Year-to-date gain: 130.7 percent; current share price: C$0.15

Explorer Marvel Discovery’s diverse portfolio includes gold, nickel, platinum-group metals (PGMs) and battery metals in the mining jurisdictions of Ontario, Quebec and Newfoundland. In May, Marvel spun out its REE properties into a new wholly owned subsidiary called Power One Resources.

These REE properties include the Serpent Rivers/Pecors nickel-copper-PGMs-rare earths project in Elliot Lake, Ontario, and the newly acquired Wicheeda North rare earths project in Prince George, BC. Wicheeda North encompasses more than 2,100 hectares located immediately northwest of Defense Metals’ (TSXV:DEFN,OTCQB:DFMTF) Wicheeda property, which has an indicated mineral resource of 4.89 million tonnes averaging 3.02 percent light rare earth elements (LREO), and an inferred mineral resource of 12.1 million tonnes averaging 2.9 percent LREO.

3. Mkango Resources (TSXV:MKA)

Year-to-date gain: 69.09 percent; current share price: C$0.46

Mkango Resources is developing new sustainable sources of REEs, including neodymium, praseodymium, dysprosium and terbium. The company’s goal is to supply demand from EVs, wind turbines and other clean technology markets.

Mkango’s assets include the 51 percent owned Songwe Hill rare earths project in Malawi, a 75.5 percent interest in Maginito and a 25 percent interest in UK rare earth magnet recycler HyProMag.

The company’s ongoing feasibility study at Songwe Hill is funded through a 12 million pound investment by strategic partner Talaxis. Maginito is developing neodymium magnet recycling technologies alongside rare earth alloy, magnet and separation technologies.

In June, Mkango announced that its subsidiary Mkango Polska has joined with Grupa Azoty Pulawy to develop a rare earths separation plant in Poland targeting 2,000 tonnes per year of separated neodymium/praseodymium oxides, and 50 tonnes per year of dysprosium and terbium oxides in a carbonate enriched with heavy rare earths.

4. NioCorp Developments (TSX:NB)

Year-to-date gain: 60.49 percent; current share price: C$1.32

NioCorp Developments is developing the niobium-scandium-titanium Elk Creek project in Nebraska, which includes an advanced superalloy materials manufacturing facility and an underground mine.

The company initiated testing of Elk Creek ore in June using high-pressure grinding rolls technology, which the company has heralded as “an energy efficient and low-emission alternative for reducing the size of the ore to enable the recovery of niobium, scandium, titanium, and potential rare earth products.”

5. Namibia Critical Metals (TSXV:NMI)

Year-to-date gain: 51.07 percent; current share price: C$0.35

Namibia Critical Metals has a diverse portfolio of projects in Namibia focused on gold and base metals, as well as critical metals related to EVs and battery technologies, such as cobalt, lithium, niobium, tantalum, vanadium and rare earths. Its two most advanced-stage projects are Lofdal and Epembe.

In June, Namibia Critical Metals released an updated resource estimate for the Lofdal heavy rare earths project, a joint its between the company and Japan Oil, Gas and Metals National Corporation. The project also received a renewal of the environmental clearance certificate for mining activities.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Marvel Discovery is a client of the Investing News Network. This article is not paid-for content.

 

Dig In To Find Out The Latest Outlook On Rare Earth

   
All The Information You Need To Make Wise Investments. Don't miss out!
 

The post Top Canadian Rare Earths Stocks appeared first on Investing News Network.

Articles

7 Growth Stocks That You Should Sell in October

A few months ago, the Federal Reserve was talking about “transitory” inflation. The governors at the Fed meant that while inflation was rising swiftly,…

Share this article:

A few months ago, the Federal Reserve was talking about “transitory” inflation. The governors at the Fed meant that while inflation was rising swiftly, it wasn’t going to last.

But inflation kept rising at a brisk clip and the Fed started to be less sanguine about the transitory nature of inflation. It hedged by telling the markets it was going to likely start to wind down bond buying starting in 2022.

This month, the Fed has gone into full retreat and is talking now that it may start to push back starting next month.

In the meantime, investors are rotating out of the hot sectors during the sluggish pandemic days and gearing up by adding new sectors into their portfolios. There are some sectors and stocks that will be left out of this transition. And the seven growth stocks I have here are at the top of the list:

  • Agnico Eagle Mines (NYSE:AEM)
  • Fortune Brands Home & Security (NYSE:FBHS)
  • Franco-Nevada (NYSE:FNV)
  • MKS Instruments (NASDAQ:MKSI)
  • Paccar Inc (NASDAQ:PCAR)
  • Stanley Black & Decker (NYSE:SWK)
  • StoneCo Ltd (NASDAQ:STNE)

Growth Stocks to Sell: Agnico Eagle Mines (AEM)

Source: allstars / Shutterstock.com

Back in the old days — before cryptocurrencies hit the scene that is — gold was the go-to investment when inflation started to hit the stock market. As the dollar weakened, gold, like other dollar denominated commodities, got more expensive.

And the gold miners are like upstream (exploration and production, or E&P) oil companies. They were leveraged to what they were bringing out of the ground. There’s a fixed cost to mining gold, so as the price rose, so did a miner’s margins.

Unfortunately, crypto has taken some of the allure away from gold. There’s a generational aspect to it as well. Many younger investors remember watching the world flip in 2008 and aren’t too interested in the time-honored investment styles and products of their parents.

Also, institutional gold holdings aren’t really as active as they used to be. That has put gold on the back of the shelf for many investors.

AEM is a big gold producer with a $14 billion market cap. It has been in business since 1957. But it remains unloved, even as inflation continues to hit new highs. AEM stock is down 30% in the past 12 months, so its decent PE and 2.4% dividend don’t make for much upside potential.

This stock has an F-rating in my Portfolio Grader.

Fortune Brands Home & Security (FBHS)

safety locks sitting on top of coinsSource: Shutterstock

While the name doesn’t roll off the tongue, or conjure many images, its brands likely do: Master lock, Moen faucets, Simonton windows and Therma-Tru entry systems. It also does a lot of cabinet work.

FBHS is a victim of its own success at this point. Q2 numbers were great relative to its pandemic numbers from last year. But as inflation crashes in, mortgage rates will rise and all that money people were pouring into remodels and upgrades will begin to recede.

When it reported Q2 numbers FBHS even guided higher for the rest of the year. Now, that may come back to haunt this growth stock. FBHS stock is up 13% year to date, with a 1.1% dividend. Continuing its upward momentum will be tougher.

This stock has a D-rating in my Portfolio Grader.

Growth Stocks to Sell: Franco-Nevada (FNV)

a picture of gold barsSource: Shutterstock

FNV has a market cap that’s double the size of AEM, which makes it one of the big gold mining stocks in the market. And that means investors and institutions see it as a good gold stock to use as an inflation hedge. That’s why it has performed better than AEM.

But at the end of the day, FNV suffers from the same troubles as AEM. There are more alternative hedging instruments out there now. Gold is no longer the prime hedge of choice.

FNV stock is up 6.6% year-to-date but is treading water over the past 12 months. What’s more, it has a sub-1% dividend and is trading at current price-to-earnings ratio of 39x.

This stock has a D-rating in my Portfolio Grader.

MKS Instruments (MKSI)

LiDAR sensors show car sensing traffic around it. LAZRSource: Shutterstock

Digital technology has found its way into every aspect of our lives. From defense, to healthcare, to manufacturing, to chipmaking — it’s all becoming smaller, faster and smarter.

MKSI is one of the companies that helps make that happen. It builds the machines, equipment and materials to help integrate tech into all manner of machines and equipment. It builds lidar and thermal imaging equipment for the military. It builds lithography and deposition equipment (and more) for chipmaking.

It underpins bioimaging, electron microscopy and spectrometry for life sciences. It helps in laser micromachining, LED manufacturing, as well as solar panel and display manufacturing.

It also just bought Atotech, a process materials chemical manufacturing company for $5 billion. The deal isn’t likely to go through until Q4. But bear in mind, MKSI has a market cap of around $8 billion, so that’s a big deal. Digesting that and dealing with all the supply chain and manufacturing issues out there is going to be difficult.

MKSI stock is down 2.6% year-to-date and may see more trouble in the quarters ahead.

This stock has a D-rating in my Portfolio Grader.

Growth Stocks to Sell: Paccar (PCAR)

A sign for Paccar (PCAR) in front of greenery.Source: VDB Photos / Shutterstock.com

Quick, name three tractor trailer truck companies. My guess is, Kenworth and Peterbuilt make the list. PCAR makes them both. It also makes the parts for them and other light, medium and heavy-duty trucks. And it has a leasing division for its trucks.

Add to all that, PCAR has been around since 1905. Its $30 billion market cap doesn’t put it in the league with EV upstarts or the Big 3, but it’s a good-sized business with a good pedigree that sells one of the core products in the supply chain.

However, the supply chain is seriously tangled right now. And that means shipping goods by truck isn’t exactly moving smoothly. That’s not good for business.

PCAR isn’t doomed, it’s just not a good growth stock choice until things clear up in 2022. The stock has been treading water year-to-date, but it’s no time call the bottom.

This stock has a D-rating in my Portfolio Grader.

Stanley Black & Decker (SWT)

Old, scratched, used Black and Decker cordless screwdriver in a small woodworking shopSource: Benedek Alpar / Shutterstock.com

When you think Stanley and Black & Decker you think solid U.S. tools and products that you use, your father used and likely your grandfather used. And some of those tools are still in your tool collection.

But do you think of healthcare and security? How about data centers and cybersecurity? Did you know that 90% of new cars and light trucks made in North America and Europe use SWT fasteners? Or that the automatic door was invented by SWT?

Well, all that said, those cars and light trucks are sitting on the assembly lines. And as inflation rolls in, all those tools may end up idle in a number of sectors, like housing.

SWT stock has a $28 billion market cap and has barely budged year-to-date. It has a decent 1.8% dividend and P/E ratio. But this isn’t the time to be diving in to this growth stock, or hanging on.

This stock has a D-rating in my Portfolio Grader.

Growth Stocks to Sell: StoneCo Ltd (STNE)

a credit card reader with a credit card in itSource: Shutterstock

STNE is a fintech that operates in Brazil. It focuses on entrepreneurs and SMBs (small and midsized business). It offers payments solutions as well as other front and back office technologies to help small businesses operate more dynamically.

That all is very attractive. However, Brazil isn’t exactly a stable country economically. And right now, it’s still reeling from the pandemic and the resulting economic issues that remain unresolved.

Strong exports are key to its economy and that is very difficult now. Also, with inflation rising in developed markets, Brazil is going to get hit even harder, slowing down growth more.

This is all reflected in STNE stock. It has lost 54% year-to-date, yet it still has a P/E ratio of 64x. There are plenty of U.S. and global fintech stocks that are in much better shape than STNE.

This stock has a D-rating in my Portfolio Grader.

On the date of publication, Louis Navellier has no positions in the stocks in this article. Louis Navellier does not have (either directly or indirectly) any other positions in the securities mentioned in this article. The InvestorPlace Research Staff member primarily responsible for this article did not hold (either directly or indirectly) any positions in the securities mentioned in this article.

The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Louis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence in this shocking “tell all” video… exposing one of the most shocking events in our country’s history… and the one move every American needs to make today.

More From InvestorPlace

The post 7 Growth Stocks That You Should Sell in October appeared first on InvestorPlace.

Continue Reading

Articles

i-80 Gold Closes Asset Exchange Agreement With Nevada Gold Mines

i-80 Gold Corp. (TSX: IAU) announced on Thursday that it has completed the previously announced asset exchange agreement with Nevada
The post i-80 Gold…

Share this article:

i-80 Gold Corp. (TSX: IAU) announced on Thursday that it has completed the previously announced asset exchange agreement with Nevada Gold Mines. The move is part of the firm’s comprehensive plan to put up a mining complex in Nevada.

“With the closing of this transaction, we now embark on our aggressive growth plan to achieve our goal of building a prominent mid-tier gold producer,” said i-80 Gold EVP Business and Corporate Development Matthew Gollat. “Becoming one of only three companies in Nevada with infrastructure to process refractory mineralization, i-80 has gained a strategic advantage for long-term mine development.”

Under the agreement, i-80 Gold acquired from Nevada Gold Mines the Lone Tree and Buffalo Mountain gold deposits, and certain processing infrastructure, including an autoclave.

In exchange, the mining firm gave Nevada Gold Mines its 40% equity in the South Arturo property held by its subsidiary Goldcorp Dee, the assigned option to acquire the adjacent Rodeo Creek exploration property held by its subsidiary Au-Reka Gold, contingent $50 million based on production from the Lone Tree property, and substitute bonding arrangement related to the Lone Tree and Buffalo Mountain reclamation obligations.

At the closing of the transaction, Nevada Gold Mines reimbursed i-80 Gold approximately $7.3 million concerning the funds used at South Arturo truck haulage test work and funds that were not used for reclamation activities.

The 50% ownership in the South Arturo mine consolidates Nevada Gold Mines’ 100% equity on the property. On the other hand, the $50-million contingent is disbursed via $25.00 per recovered gold equivalent ounce identified in the feasibility study and $25.00 per ounce of produced gold in excess.

Related to the agreement, i-80 Gold also closed a concurrent private placement financing selling 39,041,515 common shares at $2.62 per share for aggregate gross proceeds of approximately $102,288,769. Nevada Gold Mines purchased 22,757,393 shares in the private placement, effectively owning 9.9% equity in the company.

The firm intends to use the proceeds of the private placement to fund the acquisition of the Ruby Hill mine, as well as the exploration and development of its Nevada mineral projects, the NGM Properties, and the McCoy Cove property, and for general corporate purposes.

i-80 Gold last traded at $3.45 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post i-80 Gold Closes Asset Exchange Agreement With Nevada Gold Mines appeared first on the deep dive.

Continue Reading

Precious Metals

Roscan Gold Reports Closing Of $6.4 Million Strategic Investment By Asante Gold

Roscan Gold Corporation (TSXV: ROS) announced today the completion of the previously announced strategic investment by Asante Gold Corporation (CSE:
The…

Share this article:

Roscan Gold Corporation (TSXV: ROS) announced today the completion of the previously announced strategic investment by Asante Gold Corporation (CSE: ASE). The investment is reported to be worth $6.4 million and is intended to advance the company’s 100%‐owned Kandiole gold project in West Mali.

Under the terms, Asante Gold subscribed 22.1 million Roscan Gold common shares at $0.29 per share. This results in Asante Gold owning approximately 6.3% of the outstanding Roscan Gold common shares.

“We are delighted with the financial closing of the strategic investment. This new strategic investment increases our ability to unlock the substantial value at the Kandiole Project with a proven mine building team and a dominant land position in a prolific mining camp,” said Roscan Gold CEO Nana Sangmuah.

Still within the agreement, after one year or when Asante Gold effectively owns less than 5% equity, whichever comes first, Asante Gold will vote in accordance with the recommendations made by the Roscan Gold management or the board of directors.

Roscan Gold last traded at $0.28 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Roscan Gold Reports Closing Of $6.4 Million Strategic Investment By Asante Gold appeared first on the deep dive.

Continue Reading

Trending