Top metal & mining stocks to explore: FNV, WPM, NEM, VALE, & GOLD

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 Top metal & mining stocks to explore: FNV, WPM, NEM, VALE, & GOLD
Image source: © Timonschneider | Megapixl.com

Highlights:

  • Franco-Nevada Corporation (NYSE: FNV) revenue in Q1, FY22 increased by 10% YoY.
  • Wheaton Precious Metals Corp (NYSE: WPM) reported net earnings of US$157.46 million in Q1, FY22.
  • Barrick Gold Corporation (NYSE: GOLD) returned over 10% gains YTD.

Safe-haven assets like metal stocks are drawing increased attention from investors lately amid various political and economic uncertainties, deepened by Fed’s rate hike fears and the ongoing Russia-Ukraine war. The conflict in Europe has disrupted the supplies of essential commodities, causing a massive price jump in food, oil, metal, etc.

Mining companies are engaged in exploring, extracting, and marketing metal and other minerals widely used in industries like technology, aviation, industrials, etc. Metals play an important role in the global economy. The mining companies provide the raw materials they need.

The following are some of the top metal and mining stocks that may be worth exploring in Q2.

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Franco-Nevada Corporation (NYSE: FNV)

Franco-Nevada Corporation is a gold-focused royalty and metal streaming company based in Toronto, Ontario. The company operates globally.

The shares of the company closed at US$135.68 on May 13, up 0.33% from their closing price of May 12. Its stock value decreased by 0.31% YTD.

The firm has a market cap of US$25.98 billion, a P/E ratio of 34.79, and a forward one-year P/E ratio of 36.25. Its EPS is US$3.90.

The 52-week highest and lowest stock prices were US$169.32 and US$124.95, respectively. Its trading volume was 569,764 on May 13.

The company reported a revenue of US$338.8 million in Q1, FY22, representing an increase of 10% YoY. Its net income came in at US$182 million, or US$0.95 per diluted share, as compared to US$171.5 million, or US$0.90 per diluted share in Q1, FY21.

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Top US metal & mining companies to exploreSource: Pixabay

Wheaton Precious Metals Corp (NYSE: WPM)

Wheaton Precious Metals is a mining and metal streaming company based in Vancouver, Canada. It focuses on selling precious metals like gold, silver, cobalt, etc.

The stock of the company closed at US$39.66 on May 13, up 0.69% from its previous closing price. The WPM stock fell 5.19% YTD.

The market cap of the company is US$17.90 billion, the P/E ratio is 23.75, and the forward one-year P/E ratio is 26.98. Its EPS is US$1.67.

The stock saw the highest price of US$51.91 and the lowest price of US$36.39 in the last 52 weeks. Its share volume on May 13 was 2,438,136.

The company reported a revenue of US$307.24 million in Q1, FY22, as compared to US$324.11 million in the year-ago quarter. Its net earnings came in at US$157.46 million, or US$0.349 per share, as compared to US$162.00 million, or US$0.360 per share in Q1, FY21.

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Newmont Corporation (NYSE: NEM)

Newmont Corporation is one of the leading gold mining firms with operations in various geographical locations. It is based in Denver, Colorado.

The shares of the company closed at US$65.25 on May 13, down 0.15% from their closing price of May 12. Its stock value increased by 7% YTD.

The firm has a market cap of US$51.78 billion, a P/E ratio of 49.81, and a forward one-year P/E ratio of 18.72. Its EPS is US$1.31.

The 52-week highest and lowest stock prices were US$86.37 and US$52.60, respectively. Its trading volume was 6,361,998 on May 13.

The company reported sales of US$3.02 billion in the first quarter of fiscal 2022, as compared to US$2.87 billion in the same quarter of the prior year. Its net income came in at US$469 million, or US$0.56 per diluted share, as compared to US$579 million, or US$0.70 per diluted share in Q1, FY21.

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Vale S.A. (NYSE: VALE)

Vale SA is a metal and mining company based in Rio de Janeiro, Brazil. It produces iron ore and nickel.

The stock of the company closed at US$15.42 on May 13, up 1.78% from its previous closing price. The VALE stock rose 11.66% YTD.

The market cap of the company is US$73.09 billion, the P/E ratio is 3.63, and the forward one-year P/E ratio is 3.52. Its EPS is US$4.25.

The stock saw the highest price of US$23.18 and the lowest price of US$11.16 in the last 52 weeks. Its share volume on May 13 was 25,381,120.

The company reported net operating revenue of US$10.81 billion in Q1, FY22, compared to US$12.55 billion in the year-ago quarter. Its net income attributable to common stockholders came in at US$4.45 billion, as compared to US$5.54 billion in Q1, FY21.

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Metal & mining stocks: FNV, WPM, NEM, VALE, GOLD,

Barrick Gold Corporation (NYSE: GOLD)

Barrick Gold is a global mining company specializing in gold and copper production. It is based in Toronto, Canada.

The shares of the company closed at US$20.43 on May 13, up 0.44% from their closing price of May 12. Its stock value soared 10.19% YTD.

The firm has a market cap of US$36.35 billion, a P/E ratio of 18.74, and a forward one-year P/E ratio of 16.67. Its EPS is US$1.09.

The 52-week highest and lowest stock prices were US$26.07 and US$17.27, respectively. Its trading volume was 24,114,950 on May 13.

The company reported a revenue of US$2.85 billion in Q1, FY22, as compared to US$2.95 billion in the year-ago quarter. Its net earnings came in at US$438 million, against an income of US$538 million in Q1, FY21.

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Bottom line:

The metal and mining sector has outperformed the broader market over the past year. Meanwhile, the S&P 500 Metals & Mining Select Industry Index rose 12.17% YTD and 13.04% over the past 12 months. On the other hand, the S&P 500 index tumbled 15.57% YTD while declining 2.15% over the past 12 months.

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