Platinum stocks

The best platinum stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

Our picks for the best platinum stocks

We round up a selection of stocks in or related to the precious metals industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

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1. Franco-Nevada Corporation (FNV)

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in Latin America, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids.

• Previous close price: $142.78
• Market capitalization: $28,174,962,688
• 1 year performance: 0.15%
• P/E ratio: 41.5157

Buy FNV stock on National Bank Direct Brokerage

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2. ASA Gold and Precious Metals (ASA)

ASA Gold and Precious Metals Limited is a publicly owned investment manager. The firm invests in the public equity markets across the globe. It primarily invests in stocks of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds, or other precious minerals.

• Previous close price: $15.19
• Market capitalization: $294,942,560
• 1 year performance: -19.12%

Buy ASA stock on National Bank Direct Brokerage

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3. Tiffany-and-Co (TIF)

Tiffany & Co. , through its subsidiaries, designs, manufactures, and retails jewelry and other items. The company offers jewelry collections, engagement rings, and wedding bands.

• Previous close price: $0.00
• Market capitalization: $16,044,431,360
• 1 year performance: N/A
• P/E ratio: 55.6562

Buy TIF stock on National Bank Direct Brokerage

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4. Sibanye Gold Ltd ADR (SBSW)

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper. It owns the East Boulder and Stillwater mines located in Montana, the United States; and Columbus metallurgical complex, which smelts the material mined to produce PGM-rich filter cake, as well as conducts PGM recycling activities.

• Previous close price: $7.04
• Market capitalization: $5,154,876,416
• 1 year performance: -40.57%
• P/E ratio: 5.2519

Buy SBSW stock on National Bank Direct Brokerage

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5. Wheaton Precious Metals (WPM)

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits.

• Previous close price: $44.13
• Market capitalization: $20,219,217,920
• 1 year performance: 7.75%
• P/E ratio: 32.1223

Buy WPM stock on National Bank Direct Brokerage

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Note: The dollar amounts in the table below are in Canadian dollars.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

Bottom line

While it's possible to turn a profit investing in platinum stocks, keep in mind that — like any investment — platinum stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the precious metals industry, so carefully vet your picks before you invest. And if you're new to investing, or if it's been awhile since you've taken a critical look at your investing accounts, compare brokers to make sure you're getting the best features in your trading account.