- Over 43 per cent of the global mining firms are listed on the Toronto Stock Exchange and Toronto Stock Venture Exchange.
- A stock mentioned here surged by 104.8 per cent in the past year.
- One of the companies listed earned a gross profit of US$380.2 million in Q2 2021, an increase of US$238.1 million year-over-year.
The Canadian headline index surged by 201 points or 0.97 per cent before closing at C$ 20,819. 94 on Thursday, October 14. Base metals, information technology, and the industrials sectors traded in the green.
Over 43 per cent of the global mining firms are listed on the Toronto Stock Exchange and Toronto Stock Venture Exchange. Here’s a compilation of five TSX-listed metal stocks to consider.
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- Teck Resources Ltd (TSX: TECK)
Teck Resources is engaged in the development and mining of mineral properties. Its business units are focused on zinc, copper, coal, and energy.
Its gross profit increased to C$ 233 million in Q2 from the steelmaking coal business segment.
The company posted an adjusted EBITDA of C$989 million in the second quarter of fiscal 2021, up by 104 per cent year-over-year. Its liquidity as of July 26, 2021, stands at C$6.1 billion.
The stock trading C$ 39.10 apiece holds a P/E ratio of 106.10 as of October 15. The stock’s one-year growth stands at 104.8 per cent and nearly 56.3 per cent YTD.
- First Quantum Minerals Ltd (TSX:FM)
The stock worth C$ 27.68 apiece grew by nearly 125 per cent in the past year and 21.13 per cent year-to-date. First Quantum Minerals produces gold, zinc, nickel, copper, and cobalt.
It has mining operations in Australia, Africa, and Latin America.
Its cash flows from operating activities of US$679 million in Q2 2021 were US$524 million higher than Q2 2020.
First Quantum stocks hold a P/E ratio of 46.70, as per TMX data.
The mining firm had US$1.79 billion in net unrestricted cash and cash equivalents at the end of the quarter.
- Labrador Iron Ore Royalty Corporation (TSX:LIF)
In the second quarter of fiscal 2021, the investment company posted a royalty revenue of C$ 78.8 million, compared to C$ 46.2 million a year ago.
Its equity earnings from Iron Ore Company of Canada were C$66.2 million in Q2 2021, compared to C$28.7 million YoY.
The steel firm’s stocks surged by nearly 40 per cent in the past year, with a P/E ratio of 7.10.
The company pays a quarterly dividend of C$ 2.10 per stock, with a three-year dividend growth of 39.51.
- Lundin Mining Corporation (TSX: LUN)
The mining firm’s stocks traded C$10.28 at close on October 14. The diversified base metals producer has operations in Chile, the US, Sweden, Portugal, and Brazil.
Lundin Mining’s gross profit for Q2 2021 was US$380.2 million, an increase of US$238.1 million year-over-year.
The Canadian mining leader had cash and a net cash balance of nearly US$250 million and US$ 190 million as of July 28, respectively. The firm has a return on equity (RoE) of 15.07 per cent and its current dividend yield of 3.5 per cent.
The stocks surged by over 34 per cent in the past year and over 12.8 per cent quarter-to-date.
- Turquoise Hill Resources Ltd (TSX:TRQ)
The firm through its principal asset, the Oyu Tolgoi copper-gold mine, is engaged in the exploration, development, and mining operations.
The international mining company posted US$ 317.8 million in revenue from the operating segment for the three months period ended June 30. The stocks delivered an ROE of 4.63 per cent and a return on assets of 3.25 per cent on October 15.
The scrips have added nearly 80.37 per cent of growth in the past year. It closed at C$19.12 on October 14.
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With inflation looming, gold and base metals prices could hold steady or grow. However likely this is, it’s not a given.