FVI:CC - Top 5 Mining Stocks (SA Quant)
2024-06-28 07:00:00 ET
Summary
- Gold and copper mining stocks outperformed the market in the first five months of the year as metal prices soared to record highs.
- Gold miners projected to see increased demand from central banks and cost stabilization could improve performance.
- Copper miners stand to benefit from the expected long-term boom in energy transition demand and potential supply shortages.
- Mining stocks offer investors indirect exposure to commodity prices and potential for higher returns driven by profitability and growth.
- SA’s Quant Team identified five Strong Buy gold and copper mining stocks, up by an average of ~50% in the past year, with solid investment fundamentals and earnings growth potential.
Gold ( GDX ) and copper ( COPX ) mining stocks outperformed the market in the first five months of the year as metal prices soared. The prices of gold ( XAUUSD:CUR ) and copper ( HG1:COM ) hit all-time highs in May on geopolitical tensions , stronger Chinese macroeconomic indicators, and a softer dollar, before retreating amid profit-taking ....
Top 5 Mining Stocks (SA Quant)