Mining stocks in 2021 have been quite interesting to watch. The market for mining assets is rather volatile at the moment. Many thought mining stocks would fall in value because a vaccine was released and COVID cases were falling. Well, a lot of people still are not vaccinated, and the delta variant of the virus is going on at the moment. This is causing COVID cases to rise in many places once again.
Mining stocks usually follow the material it offers in terms of price. For example, if the price of gold goes up, gold stocks often will follow suit. For similar reasons, silver stocks will move up or down based on the price of materials as well.
Many things are still impacting mining stocks at the moment. One of them is the pandemic itself, which is still roaring on because of the delta variant. Fears of inflation are also impacting the market at the moment. It can be difficult to figure out which mining stocks are the best to watch. That is why looking at recent news in the sector, in the world, and for a company are all useful when investing in mining stocks. Looking at charts, volume, market history, and material prices can be very useful as well. Let’s look at three mining stocks showing higher performance in the market in September.Top Mining Stocks To Watch
- Denison Mines Corp. (NYSE: DNN)
- Harmony Gold Mining Company Limited (NYSE: HMY)
- IAMGOLD Corporation (NYSE: IAG)
Denison Mines Corp. is a mining stock that is performing well in the market this week. This is a uranium exploration and development corporation. Its main project is the Wheeler River Uranium project located in the Athabasca Basin region in Saskatchewan, in which it has a 90% interest in.
On August 5th, 2021 the company reported its operational results from the second quarter of 2021. The company completed an acquisition of 50% of JCU Exploration Company Limited for $20.5 million during the quarter. The company also received $5.8 million in connection with the conversion of Uranium Participation Corporation into the Sprott Physical Uranium Trust. Dension also increased its anticipated ISR mining head grade at its Phoenix property by 50%. On September 2nd, DNN stock’s volume is much higher than its average in the market. With this in mind, will DNN stock enter your September watchlist?Harmony Gold Mining Company Limited (NYSE: HMY)
Harmony Gold Mining Company Limited is a mining stock that has very high volume right now.. This company explores for, extracts, and processes gold in South Africa and Papua New Guinea. In addition to gold, the company also looks for silver, copper, and uranium deposits. Harmony operates 9 underground operations and various surface treatment operations in South Africa.
On August 26th, the company released a trading statement and operating update for the year ended June 30th, 2021. Harmony announced an increase in earnings, revenue, and a higher reported translation gain on its US$ denominated debt compared to a loss the year before.
Harmony Gold Mining Company Limited does not always increase or decrease because of recent news. The company’s stock price is heavily impacted by the price of materials like gold and silver themselves as well. So if gold prices are going higher, HMY stock often will in tandem. Now on August 31st, Harmony plans on releasing its financial results for the fourth quarter of the fiscal year 2021. Will HMY enter your list of mining stocks to watch?IAMGOLD Corporation (NYSE: IAG)
IAMGOLD is a mining penny stock that is up 3.9% in the market. This company explores for, develops, and operates various gold mining properties. These properties are located in The Americas and West Africa. IAMGOLD holds interest in the Rosebel mine, Essakane mine, Westwood mine, and the Diakha-Siribaya project.
In early August, the company reported its financial results for the second quarter of 2021. This was a difficult time for IAMGOLD, which is still recovering from the pandemic and economic hardships of the last year and a half. IAMGOLD’s revenue fell quarter over quarter and year over year. Its gross profit and adjusted EBITDA fell as well. Instead of net earnings, it reported a net loss.
President and CEO Gordon Stothart said, “The second quarter of 2021 was challenging primarily because production from our Rosebel mine was unexpectedly adversely affected by unusually heavy rains and an increase in COVID-19 cases in Suriname, in addition to difficult industrial relations.” While this seems bad on the surface, IAG stock is actually performing rather well in the market on September 3rd. The company’s volume is also much higher than its average at the moment. Is IAG stock a contender for your mining watchlist in 2021?Top Mining Stocks To Buy?
Deciding which mining stocks to buy can often be rather difficult. There are so many options to choose from when investing in this sector. Silver, copper, lithium, gold, steel, and more are all different types of mining stocks that one can invest in. Looking at what is going on in the market will be very essential to the investment process. So which mining stocks will you invest in this year?