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Tag: PolyMet Mining Corp

  • PolyMet Mining Corp. (PLM) Stock Rocketing Higher in Premarket Despite Visible Reason

    PolyMet Mining Corp. (PLM) is a company engaged in the development mining of copper, nickel, and palladium along with cobalt, platinum, and gold. It possesses 100% of the first large-scale project ‘NorthMet’. The project is providing economic variability while leveraging the established supplier network of the region and expert workforce, that will significantly impact the local economy.

    The price of PLM stock on March 7, 2022, regular trading was $2.86 with a considerable gain of 9.16%. Its stock further leaped by 59.4%, at the last check in the premarket on March 8, 2022.

    PLM: Events and Happenings

    On February 14, 2022, PLM and its subsidiary reported their entry into a subscription contract with Glencore AG, for the issuance of unsecured convertible debentures of approximately $40 million. On January 24, 2022, PLM subsidiary updated that The Minnesota Court of Appeals affirmed approximately all features of the water discharge permit for the company’s NorthMet Project. The court overruled six out of the seven challenges to the permit made by rivals of mining.

    On December 20, 2021, the PLM subsidiary announced the issuance of additional findings by The Minnesota Pollution Control Agency, supporting its assumptions for the NorthMet Project air permit. It fulfilled an order of the Court of Appeals regarding the main permit required to construct and operate the initial copper-nickel-precious metals mine by the company.

    PLM: Key Financials

    On November 4, 2021, PLM released its Q3 2021 financial results for the quarter ended September 30, 2021. Some of the key features are discussed below.

    Revenue

    No revenue was recorded in both the comparable third fiscal quarters of 2021 and 2020.

    EPS

    Net loss basic and diluted per share in the third quarter of 2021 was $3.79 million or $0.04 against $3.34 million or $0.03 in the corresponding quarter of 2020. The company observed an increase in its net loss YoY.

    Conclusion

    PLM stock outpaced by 4% year-to-date as the pandemic restrictions are easing internationally. The recent premarket massive stock gain by the company is the outcome of uncertain factors as the company has no recent SEC filing or event in its calendar.

  • 20 Trending Stocks In Metals Mining Industry To Invest In

    20 Trending Stocks In Metals Mining Industry To Invest In

    The mining industry has experienced many challenges in the past few years. The mining industry is recovering from the uncertain period of the year. As we are now in the era of the fourth industrial revolution, digitization is providing technological advancements for the mining sector. This industry reach is so wide that many that the utilization rate of metal is the main factor that determines the health of the global economy.

    There are few trends in the mining sector that the mining companies can adopt to gain a competitive edge. These trends include dynamically managing risk, the path to decarbonization, modernizing core technologies, and various opportunities in the period of uncertainty.

    Here are the top 20 companies in the mining sector which are following new trends to compete in the fast-growing market:

    Westwater Resources Inc. (NASDAQ: WWR)

    Westwater Resources Inc. (NASDAQ: WWR) shares were trading up 49.32% at $4.42 at the time of writing on Friday. Westwater Resources Inc. (NASDAQ: WWR) share price went from a low point around $0.25 to briefly over $9.25 in the past 52 weeks, though shares have since pulled back to $4.42.

    Westwater Resoruces Inc. applauds the President’s Executive Order signed on September 30, 2020, that addresses the threat to the U.S. domestic supply chain from reliance on critical minerals from foreign adversaries. WWR market cap has remained high, hitting $24.49M at the time of writing.

    Vale S.A. (VALE)

    Vale S.A. (VALE) stock drop by -0.19% to $10.39. The most recent rating by Exane BNP Paribas, on June 05, 2020, is at an Outperform. Vale S.A. (VALE) has announced earlier it will end production of manganese ferroalloys in the city of Simões Filho, in Bahia state, the company said in a filing on Monday. The company projects to execute the shutdown by the end of the year. This company market capitalization has remained high, $55.11 billion at the time of writing.

    Northern Dynasty Minerals Ltd. (AMEX: NAK)

    Northern Dynasty Minerals Ltd. (AMEX: NAK) shares headed falling, lower as much as 0.00%. The most recent rating by H.C. Wainwright, on October 19, 2017, is at a Buy. Northern Dynasty Minerals Ltd. (NAK) has earlier issued a Technical Report on Alaska’s Pebble Project, including a revised mineral resource estimate disclosed in August that establishes Pebble as the single most significant source of Rhenium in the world.

    Teck Resources Limited (NYSE: TECK)

    Teck Resources Limited (NYSE: TECK) rose 1.42% after gaining more than $0.2 on Friday. Teck Resources Limited (TECK) has earlier disclosed that it has named Alejandro Vásquez as the Vice President, South America. Mr. Vásquez is responsible for Teck’s operating assets in South America and Teck’s corporate office in Santiago. Justine Fisher has been named Vice President and Treasurer, following the retirement of Scott Wilson.  Amber Johnston-Billings has been named Vice President, Communities, Government Affairs, and HSEC Systems effective October 12, following the retirement of Mark Edwards.

    Rio Tinto Group (NYSE: RIO)

    Rio Tinto Group (NYSE: RIO) stock soar by 1.12% to $60.49. The most recent rating by Credit Suisse, on September 30, 2020, is at a Neutral. Rio Tinto Group (RIO) disclosed that it was ready to talk to stakeholders over allegations of human rights breaches at a giant copper mine in Bougainville that it formerly owned after community members filed a complaint with the Australian government.

    BHP Group (NYSE: BHP)

    BHP Group (NYSE: BHP) Shares headed rising, higher as much as 0.23%. The most recent rating by Credit Suisse, on September 30, 2020, is at an Outperform. BHP Group (BHP) revealed earlier that the destruction of a 43,000-year old Aboriginal rock shelter in Australia by fellow miner Rio Tinto had impacted the trust between Indigenous landowners and the resource industry. This company has a total market capitalization of $121.45 billion at the time of writing.

    Great Panther Mining Limited (AMEX: GPL)

    Great Panther Mining Limited (AMEX: GPL) last closed at $0.87, in a 52-week range of $0.23 to $1.07. Great Panther Mining Limited (GPL) has disclosed the publication of its first Sustainability Report highlighting the progress, initiatives, and commitments in the areas of health, safety, environmental, social, and governance management.

    SilverCrest Metals Inc. (AMEX: SILV)

    SilverCrest Metals Inc. (AMEX: SILV) stock drop by -3.00% to $8.40. The most recent rating by B. Riley FBR, on March 03, 2020, is at a Buy. SilverCrest Metals Inc. (SILV) is pleased to announce the appointment of Tara Hassan as Vice President, Corporate Development. Ms. Hassan is a mining engineer with over 15 years of industry experience, including mine operations, mining technology, project development, and capital markets.

    Taseko Mines Limited (AMEX: TGB)

    Taseko Mines Limited (TGB) last closed at $1.02, in a 52-week range of $0.20 to $1.34. Taseko Mines Limited (TGB) is pleased to disclose that its Gibraltar Mine has been awarded the prestigious Jake McDonald Annual Award for Metal Mine Reclamation from the British Columbia Technical and Research Committee on Reclamation. It has moved up 436.35% from its 52-weeks low and moved down -19.95% from its 52-weeks low. This company has a total market capitalization of $253.20 million at the time of writing.

    Americas Gold and Silver Corporation (AMEX: USAS)

    Americas Gold and Silver Corporation (AMEX: USAS) fall -1.53% after losing more than -$0.04 on Friday. Americas Gold and Silver Corporation (USAS) growing North American precious metals producer, provides an update to its Mineral Reserve and Resource statement as of June 30, 2020. This company has a total market capitalization of $298.67 million at the time of writing.

    China Natural Resources Inc. (NASDAQ: CHNR)

    China Natural Resources Inc. (NASDAQ: CHNR) fall 0.00% after losing more than $0.0 on Friday. China Natural Resources Inc. (CHNR) has released unaudited interim financial information for the six months ended June 30, 2020. This company market capitalization has remained high, hitting $39.41 million at the time of writing. If we look at the liquidity of this company, it has a current ratio of 0.10.

    Auryn Resources Inc. (AUG)

    Auryn Resources Inc. (AUG) last closed at $2.12, in a 52-week range of $0.71 to $2.66. Analysts have a consensus price target of $3.40. Auryn Resources Inc. (AUG) and Eastmain Resources Inc. (TSX: ER)  has earlier announced that proxy voting has concluded with support from shareholders of both companies in excess of 99% for the previously announced transactions pursuant to which Auryn spins out its Peruvian assets and immediately acquires Eastmain.

    Lithium Americas Corp. (NYSE: LAC)

    Lithium Americas Corp. (LAC) last closed at $14.70, in a 52-week range of $1.92 to $12.93. Lithium Americas Corp. (LAC) share price went from a low point around $1.92 to briefly over $15.30 in the past 52 weeks, though shares have since pulled back to $16.28. It has moved up 747.86% and 6.40% from its 52-weeks low and high, respectively. LAC market cap has remained high, hitting $1.33 billion at the time of writing.

    Piedmont Lithium Limited (NASDAQ: PLL)

    Piedmont Lithium Limited (PLL) last closed at $26.11, in a 52-week range of $4.00 to $54.50. Analysts have a consensus price target of $30.50. Piedmont Lithium Limited (PLL) stock has moved up 685.25% from its 52-weeks high and moved down -42.37% from its 52-weeks low. Its market capitalization has remained high, hitting $301.65 million at the time of writing.

    BHP Group (NYSE: BBL)

    BHP Group (NYSE: BBL) rose 0.64% after gaining more than $0.27 on Friday. BHP Group share price went from a low point around $23.64 to briefly over $48.67 in the past 52 weeks, though shares have since pulled back to $42.86. It has moved up 81.30% from its 52-weeks low and moved down -11.94% from its 52-weeks high. BBL market cap has remained high, hitting $121.45  billion at the time of writing.

    PolyMet Mining Corp. (AMEX: PLM)

    PolyMet Mining Corp. (AMEX: PLM) Shares headed rising, higher as much as 1.30%. The most recent rating by H.C. Wainwright, on September 08, 2014, is at a Buy. PolyMet Mining Corp. shares have fluctuated $1.50 from its 52-weeks low range and $9.70 from its 52-weeks high range. It has moved up 169.67% from its 52-weeks low and moved down -58.30% from its 52-weeks low. This company has a total market capitalization of $386.31 million at the time of writing.

    Vedanta Limited (NYSE: VEDL)

    Vedanta Limited (NYSE: VEDL) stock drop by -0.95% to $7.33. The most recent rating by JP Morgan, on May 05, 2020, is at a Neutral. Vedanta Limited (VEDL) share price went from a low point around $3.24 to briefly over $9.41 in the past 52 weeks, though shares have since pulled back to $7.43. It has moved up129.32% from its 52-weeks low and moved down -21.04% from its 52-weeks high. VEDL market cap has remained high, hitting $6.81 billion at the time of writing.

    United States Antimony Corporation (AMEX: UAMY)

    United States Antimony Corporation (AMEX: UAMY) shares headed falling, lower as much as -2.59%. United States Antimony Corporation (UAMY) shares have fluctuated $0.22 from its 52-weeks low range and $0.59 from its 52-weeks high range. It has moved up 33.30% from its 52-weeks low and moved down -50.41% from its 52-weeks low. This company has a total market capitalization of $20.30 million at the time of writing.

    Ferroglobe PLC (NASDAQ: GSM)

    Ferroglobe PLC (NASDAQ: GSM) stock drop by -1.54% to $0.64. The most recent rating by Stifel, on September 16, 2019, is at a Hold. Ferroglobe PLC (GSM) market cap has remained high, hitting $110.00 Million at the time of writing.

    Western Copper and Gold Corporation (AMEX: WRN)

    Western Copper and Gold Corporation (AMEX: WRN) shares headed falling, lower as much as -6.78%. The most recent rating by ROTH Capital, on October 26, 2017, is at a Buy. Western Copper and Gold Corporation (AMEX: WRN) market cap has remained high, hitting $126.70 Million at the time of writing.

     

     

  • 20 Trending Stocks In Mining Industry Can Be Good Bets

    20 Trending Stocks In Mining Industry Can Be Good Bets

    The mining industry is facing new challenges as new trends emerge with the passage of time. The metal and Mining industry reach is so broad that the utilization rate of metal is considered to be the key factor that determines the health of the global economy. Mining companies must adapt to rapid technological change, innovation, and digital transformation. The growing climate crisis also increases pressure on the mining industry. The metals and mining industry needs to establish long-lasting benefits for the communities they operate in.

    The world has changed in 2020. The pandemic has affected almost every sector and caused various industries to stop their operations. But here the question arises what are the challenges faced by the metal and mining industry. Demand took a downturn which has a major impact on this industry. Here are the top 20 leading companies which are following new trends of the market to maintain its position:

    Teck Resources Limited (NYSE: TECK)

    Teck Resources Limited (NYSE: TECK) last closed at $13.00, in a 52-week range of $5.60 to $19.44. Teck Resources Limited (TECK) disclosed earlier that the Partners in the Fort Hills limited partnership have decided to restart the second Fort Hills train and plan to increase production to approximately 120,000 barrels per day by the end of the year. Teck Resources Limited has a total market capitalization of $6.24 billion at the time of writing.

    Northern Dynasty Minerals Ltd. (AMEX: NAK)

    Northern Dynasty Minerals Ltd. (AMEX: NAK) shares headed falling, lower as much as -2.88%. The most recent rating by H.C. Wainwright, on October 19, 2017, is at a Buy. Northern Dynasty Minerals Ltd. (AMEX: NAK) has responded to the report issued by Beijing-based short-seller J Capital Research on September 9, 2020. NAK labeled it “fatuous, flimsy and fundamentally self-serving,” as well as “typical of such efforts to profit by destroying the value of honest shareholders’ investments.” It has also named Mike Westerlund, a seasoned Investor Relations executive. He has more than 20 years’ experience in the North American mining and metals industry.

    Rio Tinto Group (NYSE: RIO)

    Rio Tinto Group (NYSE: RIO) rose 5.01% after gaining more than $3.05 on Friday. Rio Tinto Group (RIO) disclosed that its CEO Jean-Sébastien Jacques will resign after shareholders showed discontent with the handling of the mining giant’s destruction of two Aboriginal rock shelters in Australia. Jacques will remain in his position until March 31 next year to ensure business continuity and to maintain the performance of the group’s global operations during COVID-19.

    BHP Group (NYSE: BHP)

    BHP Group (NYSE: BHP) last closed at $54.19, in a 52-week range of $29.78 to $58.35. Analysts have a consensus price target of $51.04. BHP Group (BHP) will connect a portion of bonus payments for Chief Executive Officer Mike Henry and key leaders to progress by the world’s top miner on lowering greenhouse gas emissions at both its own operations and those of its customers. It has a total market cap of $126.20 billion at the time of writing.

    General Moly Inc. (AMEX: GMO)

    General Moly Inc. (AMEX: GMO) fall -2.28% after losing more than -$0.01 on Friday. General Moly Inc. (GMO) disclosed on September 1, 2020, it has entered into a binding letter of intent with Pathfinder Minerals LLC for the sale by the Company of Liberty Moly LLC and all assets owned by the Company that constitutes the Liberty Project. It has a 52-weeks low range of $0.10 and a high range of $0.37. GMO market capitalization has remained high, hitting $19.55 million.

    Americas Gold and Silver Corporation (AMEX: USAS)

    Americas Gold and Silver Corporation (AMEX: USAS) stock soar by 0.34% to $2.92. America’s Gold and Silver Corporation (USAS) has earlier gave an update on the ramp-up of the Relief Canyon mine toward commercial production. It has also revealed that it has concluded it’s previously announced and upsized bought deal financing with a syndicate of underwriters co-led by Desjardins Capital Markets and Cormark Securities Inc., and including Stifel GMP, Clarus Securities Inc., and Laurentian Bank Securities Inc.

    Westwater Resources Inc. (NASDAQ: WWR)

    Westwater Resources Inc. (NASDAQ: WWR) Shares headed falling, lower as much as -2.29%. enCore Energy has earlier announced it has signed a Binding Agreement to acquire Westwater Resources’ Uranium Production & Resource Assets. Total compensation accruing to Westwater as part of the deal is anticipated to be in excess of $1.95 million in enCore shares and royalties from future production from the New Mexico properties.

    Trilogy Metals Inc. (AMEX: TMQ)

    Trilogy Metals Inc. (AMEX: TMQ) last closed at $1.87, in a 52-week range of $1.03 to $2.74. Analysts have a consensus price target of $2.00. Trilogy Metals Inc. (TMQ) announces that the Company has chosen Richard Gosse as Vice President Exploration, effective immediately. Mr. Gosse is a highly seasoned exploration geologist. He has 35 years of experience, including 15 years at the Vice President level.

    Auryn Resources Inc. (AMEX: AUG)

    Auryn Resources Inc. (AMEX: AUG) stock drop by -1.91% to $2.05. Auryn Resources Inc. (AUG) has launched Proxy Circular for reorganization and Eastmain acquisition. It has also revealed that it has completed the purchase of six Sombrero copper-gold concessions in southern Peru that had been optioned in 2016 from Alturas Minerals S.A. Auryn Resources Inc. (AMEX: AUG) market cap has remained high, hitting $220.61 Million at the time of writing.

    EMX Royalty Corporation (AMEX: EMX)

    EMX Royalty Corporation (AMEX: EMX) shares headed falling, lower as much as -1.76%. EMX Royalty Corporation (AMEX: EMX) has disclosed that the execution of an exploration and option agreement for the Queensland Gold project in northeastern Australia with Many Peaks Gold Pty Ltd, a private Australian company. It has a total market capitalization of $235.28 million.

    Vale S.A. (NYSE: VALE)

    Vale S.A. (NYSE: VALE) shares were trading up 5.32% at $11.67 at the time of writing on Friday. Vale S.A. (NYSE: VALE) share price went from a low point around $6.49 to briefly over $13.67 in the past 52 weeks, though shares have since pulled back to $11.67. VALE market cap has remained high, hitting $58.13B at the time of writing, giving it a price-to-sales ratio of more than 2.

    If we look at the recent analyst rating VALE, Exane BNP Paribas upgraded coverage on VALE shares with an Outperform rating and a $15.08 price target, which implies room for 3.41% upside momentum this year.

    Great Panther Mining Limited (AMEX: GPL)

    Great Panther Mining Limited (AMEX: GPL) stock soar by 1.74% to $0.98. The most recent rating by ROTH Capital, on August 10, 2017, is at a Buy. Great Panther Mining Limited (GPL) share price went from a low point around $0.23 to briefly over $1.07 in the past 52 weeks, though shares have since pulled back to $0.98. Great Panther Mining Limited market cap has remained high, hitting $343.90 Million at the time of writing.

    PolyMet Mining Corp. (AMEX: PLM)

    PolyMet Mining Corp. (AMEX: PLM) stock soar by 2.63% to $3.51. The most recent rating by H.C. Wainwright, on September 08, 2014, is at a Buy. in the past 52-weeks of trading, PolyMet Mining Corp. (PLM) stock fluctuated between the low of $1.50 and a high of $9.70. It has moved up 134.00% from its 52-weeks low and moved down -63.81% from its 52-weeks high. PolyMet Mining Corp. has a total market capitalization of $342.51 million at the time of writing.

    BHP Group (NYSE: BBL)

    BHP Group (NYSE: BBL) Shares headed rising, higher as much as 3.22%. The most recent rating by JP Morgan, on March 20, 2020, is at an Overweight. BHP Group (BBL) share price went from a low point around $23.64 to briefly over $48.67 in the past 52 weeks, though shares have since pulled back to $44.50. BHP Group market cap has remained high, hitting $126.20 billion at the time of writing.

    Taseko Mines Limited (AMEX: TGB)

    Taseko Mines Limited (AMEX: TGB) last closed at $1.05, in a 52-week range of $0.20 to $1.19. Taseko Mines Limited (TGB) has traded up 425.00% from its 52-weeks low and traded down -11.76% from its 52-weeks high. Looking at its profitability, it has a return on assets of -7.10%, returns on equity of -22.00%, and return on investment of -4.30%. Focusing on its liquidity, it has a current ratio of 1.90. Its market capitalization is $262.30 million.

    SilverCrest Metals Inc. (SILV)

    SilverCrest Metals Inc. (AMEX: SILV) stock drop by -1.24% to $9.54. The most recent rating by B. Riley FBR, on March 03, 2020, is at a Buy. SilverCrest Metals Inc. (SILV) share price went from a low point around $3.28 to briefly over $11.12 in the past 52 weeks, though shares have since pulled back to $9.54. SilverCrest Metals Inc.’s market cap has remained high, hitting $1.29 billion at the time of writing.

    Vedanta Limited (NYSE: VEDL)

    Vedanta Limited (NYSE: VEDL) shares headed rising, higher as much as 2.44%. The most recent rating by JP Morgan, on May 05, 2020, is at a Neutral. Vedanta Limited (VEDL) stock fluctuated between the low of $3.24 and a high of $9.41. It has moved up 120.06% from its 52-weeks low and moved down -24.23% from its 52-weeks high. Vedanta Limited has a total market capitalization of $6.63 Billion at the time of writing.

    Lithium Americas Corp. (NYSE: LAC)

    Lithium Americas Corp. (NYSE: LAC) fall -1.27% after losing more than -$0.09 on Friday. Lithium Americas Corp. (LAC) share price went from a low point around $1.92 to briefly over $9.15 in the past 52 weeks, though shares have since pulled back to $7.01. Lithium Americas Corp. (LAC)’s market cap has remained high, hitting $635.41 Million at the time of writing.

    Western Copper and Gold Corporation (AMEX: WRN)

    Western Copper and Gold Corporation (AMEX: WRN) last closed at $1.38, in a 52-week range of $0.31 to $1.53. Western Copper and Gold Corporation (WRN) has traded up 349.22% from its 52-weeks low and traded down -9.92% from its 52-weeks high.  Its market capitalization is $158.23 million.

    Ferroglobe PLC (NASDAQ: GSM)

    Ferroglobe PLC (NASDAQ: GSM) fall -1.91% after losing more than -$0.01 on Friday. Ferroglobe PLC (GSM) share price went from a low point around $0.35 to briefly over $1.42 in the past 52 weeks, though shares have since pulled back to $0.44. Ferroglobe PLC’s market cap has remained high, hitting $76.10 Million at the time of writing.

     

  • Stocks to Watch even as Sentiment Points to Short-Term Market Correction

    Stocks to Watch even as Sentiment Points to Short-Term Market Correction

    The markets are mixed today, after yesterday’s huge slump. It was the largest slump in over two months and saw billions of dollars wiped off the market.

    Apple, which has been a top performer in recent months shed off over $150 billion in value. The massive drop in value is a combination of multiple factors. One of them is yesterday’s data that showed that the private sector was not adding jobs as quickly as most investors were expecting.

    This has reinforced a long-held believe that the stock markets at the moment do not reflect the true state of the U.S economy. This has created panic and could possibly see further correction until the government takes proactive measures to breathe new life into the economy.

    There is also the fact that analysts have started calling for caution. For instance, analysts at Citi have told their investors to focus more on the value of growth.

    This further affirms the fear that markets are overvalued at current prices. However, this does not mean that stock fundamentals are bad, only that at current prices, they are not justified. For instance, in just under 3 months, stocks like Apple and Tesla have gained by 30 to 50%.

    While they are fundamentally strong companies, there hasn’t been a major change in fundamentals that can justify this rally. Despite the fear and cautious optimism that have gripped the market, there are several stocks that are gaining upside momentum this morning. Some of the stocks that are gaining pre-market are as below:

    PolyMet Mining Corp [NYSE: PLM]

    PolyMet Mining Corp is a top performer this morning and is up by over 18%. This follows news that the court had found that the company’s water permit to have been issued in accordance with set procedures. In his ruling, the judge rejected allegations that the company took part in systemic efforts to hid administrative records.

    DPW Holdings Inc [NYSE: DPW]

    This is another top performer this morning and is up by over 40%. This follows the company’s announcement that its Coolisys Power business unit will be partnering with other companies to test its new electric vehicle. The tests will include charging solutions that have a range of 150 miles and can be fully charged in just 30 minutes. This is a big deal as the electric vehicle charging market is expected to hit a value of $27.7 billion by the year 2027.

    I-Mab [NASDAQ: IMAB]

    I-Mab is in the green this morning and is up by close to 10% pre-market. This follows the company’s announcement that it has entered into a strategic partnership with AbbVie for immune-oncology therapy. Under the deal, I-MAB will receive an upfront pay of $180 million.