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Summary
- Stocks of Champion Iron have zoomed by 269.5 per cent since the pandemic-let market meltdown in March. The stock delivers a positive return on equity (ROE) at 53.28 per cent.
- First Quantum stocks have soared nearly 42 per cent in the last three months. Its 10-day average trading volume is 2.69 million units.
- Trevali stocks have swelled by over 51 per cent in the last three months.
Canada is one of the largest global producers of minerals. Traditionally, the country has benefited from low-priced mineral and metal commodities, whose mining created job opportunities and substantial wealth development. But following the coronavirus pandemic, mining activities were halted by government. Shutdowns, social distancing, and other strict lockdown measures lowered the demand for various metals. However, precious metals that are viewed as safe assets, rallied on the Canadian stock markets. Last week, three metals and mining companies Champion Iron Ltd (TSX:CIA), First Quantum Minerals Ltd. (TSX:FM), & Trevali Mining Corp (TSX:TV) trended on the Toronto Stock Exchange (TSX).
Let us further delve into the fundamentals of these three trending stocks:
Champion Iron Ltd (TSX:CIA)
Current Stock Price: C$ 4.25
Champion Iron explores and develops iron ore properties in Quebec, Canada. It earns most of its revenue from the mining segment.
Champion Iron Stock Performance
The Iron stock made it to TMX’s Top Metals, a list of stocks across the TSX and the TSXV with the largest price gains in the last 30 days. The company has also ranked among TMX’s top basic materials stocks that have outperformed its peers across the key sister exchanges in the last 30 days.
The basic material stock has surged by 269.5 per cent since the pandemic-caused crash in March. The stock has also swelled by 77 per cent year-to-date performance and over 41 per cent in the last three months. Champion Iron’s current market capitalization is C$ 1.645 billion.
The stock delivers a positive return on equity (ROE) at 53.28 per cent and a positive return on assets (ROA) at 24.75 per cent. The stock’s price-to-book ratio is 3.59, and its price-to-cashflow ratio is 6.20. Its current debt-to-equity (D/B) ratio is 0.47, according to data on the TMX website.
Champion Iron Financial Highlights
The company registered an EBITDA of C$ 197.8 million for Q3 FY21, compared to an EBITDA of C$62.6 million for Q2 Y20.
The Iron company reported revenues of C$ 311 million for the second quarter of fiscal 2021, compared to C$160.4 million for Q2 FY20.
First Quantum Minerals Ltd. (TSX:FM)
Current Stock Price: C$ 17.55
First Quantum Minerals mines and supplies copper, nickel, gold, zinc, and sulfuric acid. The company has its operations in Zambia, Finland, Mauritania, Turkey, and Spain.
First Quantum Stock Performance
The stock is a part of TMX Top Metals stocklist and has a 10-day average trading volume is 2.69 million units.
This stock has rocketed by 248 per cent since the pandemic-led meltdown in March and soared nearly 42 per cent in the last three months. Its scrips added 33 per cent growth year-to-date (YTD). First Quantum’s current market capitalization is C$ 12.099 billion.
The stock’s price-to-book ratio is 1.013, and its price-to-cashflow ratio is 6.20. Its current debt-to-equity (D/B) ratio is 0.93. The company holds a current dividend yield of 0.057 per cent. Its semi-annual cash dividend is C$ 0.005 per common share, according to the TMX portal.
The mining stock has been ranked among TMX’s most actively traded stocks across the TSX and TSXV in the last 10 days.
First Quantum Financial Performance
The company reported a gross profit of C$ 346 million for the third quarter of 2020 (ended on September 30) as compared to C$ 150 million for Q3 2019. The Toronto-based metal company recorded a comparative EBITDA of C$ 641 million in Q3, up from C$ 354 million a year ago. Its net debt also declined by C$ 113 million to C$ 7,545 million.
The mining company registered 42 per cent YOY surge its sales revenues to C$ 1,402 million.
Trevali Mining Corp (TSX:TV)
Current Stock Price: C$ 0.22
Trevali Mining Corp explores and produces zinc, lead, silver, and copper, and it has mineral properties in Peru and Canada.
Stock Performance
This metal stock has zoomed over 214 per cent since March 21 and up by over 51 per cent in the last three months. Its current market capitalization is C$ 176 million.
The stock’s price-to-book ratio is 0.50, and its price-to-cashflow ratio is 17.60. Its current debt-to-equity (D/B) ratio is 0.38, as per TMX data.
Trevali’s 10-day average trading volume is 2.61 million units. The basic material stock has been placed among the most actively traded stocks across the TSX and TSXV in the last 10 days.
Financial Highlights
The Vancouver-based company reported revenues with an increase of 17 per cent in the third quarter of 2020, compared to Q2 2020.
The company registered an adjusted EBITDA of C$ 11.2 million in Q3 2020, an increase of C$ 16.9 million compared to Q2 2020, led by an increase in the zinc price.
