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Highlights
- With concerns around the new COVID-19 variant rising, many investors are looking for quality investment options that can help them avoid major losses.
- A silver stock mentioned here gained by over 383 per cent year-to-date.
- A mining stock listed below surged by nearly 233 per cent this year.
With concerns around the new COVID-19 variant rising, many investors are looking for quality investment options that can help them avoid major losses.
Here are some Canadian metal and material stocks that have returned over 100 per cent this year.
Image source:© 2021 Kalkine Media®
1. Capstone Mining Corp (TSX:CS)
A copper-focused metal miner, Capstone Mining Corp reported revenue of US$ 165.4 million in Q3 FY2021, up from US$ 130.5 million in the same quarter a year ago.
Capstone’s net income increased notably to US$ 35 million in the third quarter of fiscal 2021, up from US$ 2.3 million in Q3 2020.
CS stock closed at C$ 5.11 per share on Friday, December 17, having expanded by almost 115 per cent on a year-to-date (YTD) basis.
2. Solaris Resources Inc (TSX:SLS)
Solaris Resources Inc, a Vancouver-headquartered copper and gold company, had cash and cash equivalents of US$ 46.72 million in the third quarter of fiscal 2021.
On December 14, the company announced to extend its resource mining and discovery drill operations of Warintza Central to the south.
Solaris’s stock returned over 150 per cent YTD and closed at C$ 15.22 apiece on December 17.
Also read: Canada’s lithium market: What to expect in 2022
3. Resolute Forest Products Inc (TSX:RFP)
Canadian forest products company Resolute Forest Products Inc generated a net income of US$ 80 million in the third quarter of FY2021 compared to US$ 57 million in Q3 2020.
RFP stock closed at C$ 16.72 apiece on December 17, having swelled by almost 116 per cent YTD.
4. Andean Precious Metals Corp (TSXV:APM)
Andean Precious Metals Corp, a Toronto-headquartered silver explorer and producer, posted revenue of US$ 36.7 million in the third quarter of FY2021. It produced 1.5 million ounces of silver equivalents in the latest quarter.
APM stock gained by over 383 per cent YTD and closed at C$ 1.74 per share on December 17.
5. NGEx Minerals Ltd (TSXV:NGEX)
NGEx Minerals Ltd is a Vancouver-based mineral resource firm with exploration and developmental assets in South America.
The base metal and precious metal miner held cash of C$ 1.38 million in the third quarter of fiscal 2021 compared to C$ 899 million as of December 31, 2020.
NGEX stock surged by nearly 233 per cent this year, having closed at C$ 1.73 apiece on December 17.
Bottom line
Canadian metal and mining stocks can be a profitable venture where investors can earn substantial profits in the future. However, one should study the operational and financial details of a company before investing to avoid losses.
Also read: 5 top Canadian renewable stocks of 2021
