7 cobalt stocks to watch

Considering investing in cobalt stocks? While the best cobalt stocks depend on your portfolio and investment goals, we've identified some cobalt stocks that are worth keeping an eye on in the mining sector. Keep reading to learn more about cobalt stocks and how to start investing.

7 popular cobalt stocks to watch

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

Best stock	1-year return	Market cap	Exchange	Volume	Buy on Questrade
Sherritt International Corporation (S.TO)	92.31% Sherritt International Corporation's 1-year return based on the closing price as of September 19, 2025.	$176 million (CAD)	Toronto Stock Exchange	283,563	Buy now
Wheaton Precious Metals (WPM.TO)	41.65% Wheaton Precious Metals's 1-year return based on the closing price as of September 22, 2025.	$95.8 billion (CAD)	Toronto Stock Exchange	2,108,635	Buy now
Vale SA ADR (VALE.US)	30.85% Vale SA ADR's 1-year return based on the closing price as of September 22, 2025.	$60.5 billion (USD)	NYSE	18,514,300	Buy now
BHP Group (BHP.US)	62.31% BHP Group's 1-year return based on the closing price as of September 22, 2025.	$219.3 billion (USD)	NYSE	2,024,900	Buy now
Talon Metals (TLO.TO)	127.50% Talon Metals's 1-year return based on the closing price as of September 19, 2025.	$1.6 billion (CAD)	Toronto Stock Exchange	1,234,629	Buy now
Fortune Minerals (FT.TO)	100.00% Fortune Minerals's 1-year return based on the closing price as of September 19, 2025.	$97.2 million (CAD)	Toronto Stock Exchange	424,742	Buy now
Leading Edge Materials (LEM.V)	15.56% Leading Edge Materials's 1-year return based on the closing price as of September 19, 2025.	$64.4 million (CAD)	TSX Venture Exchange	22,210	Buy now

The values in this table are accurate as of the market close on September 17, 2026, or the most recent data available. Volume refers to the number of shares traded during the day.

What to look for when investing in cobalt stock

The mining industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering cobalt stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.

Also keep in mind that, while volatility can be ideal for day traders, long-term investors will want to look for stocks to offer steadier gains over time.

How to invest in cobalt stock

1. Research the mining industry. Before investing, learn about the cobalt stock sector, its trends and the companies within it. Look at each company's financial health, potential for growth and past performance to identify stocks that fit your investment goals.
2. Choose a stock trading platform. Compare trading fees, access to trading tools and user interface options. We've identified reliable trading platforms to help narrow down your options below or check out the best stock trading apps in Canada to find one that suits your needs.
3. Open and fund your account. Sign up with your personal details and link a bank account or funding method to deposit money before you start trading.
4. Select the cobalt stock(s) to buy. Search by company name or ticker symbol, like WPM or VALE. Compare key metrics such as market cap, price history and earnings per share to pick the best stock for your strategy.
5. Buy the stock and monitor performance. Place your order to buy the stock and track its performance over time. Consider setting alerts, signing up for industry newsletters or using platform research tools to stay up to date on market changes.

Our top picks for where to buy cobalt stocks

Are cobalt stocks a good investment?

While it's possible to turn a profit investing in cobalt stocks, keep in mind that—like any investment—cobalt stocks are not immune to risk. These stocks are subject to fluctuating conditions both in the market and in the mining industry, so carefully vet your picks before you invest.

What are the best cobalt stocks?

A lot of factors go into picking the best cobalt stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong cobalt stock investment for one person might not be suitable for another.

That said, we rounded up this list of popular cobalt stocks in or related to the mining industry to help narrow down your options:

• Sherritt International Corporation (S)
• Wheaton Precious Metals (WPM)
• Vale SA ADR (VALE)
• BHP Group (BHP)
• Talon Metals (TLO)
• Fortune Minerals (FT)
• Leading Edge Materials (LEM)

Keep in mind that this is not a "best" list or a recommendation. It highlights some cobalt stocks for informational purposes only and does not indicate past or future performance or investment advice. We do not guarantee any investment performance.

We've outlined detailed company and stock performance details for each cobalt stock below. Keep reading to decide if any of these companies are the right investment for you.

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Sherritt International Corporation (S)

Sherritt International Corporation engages in the mining, processing, refining, and sale of nickel and cobalt in Canada, Cuba, Europe, and Asia. It operates through Metals, Power, Oil and Gas, and Corporate and Other segments.

The company also produces and sells agricultural fertilizers, such as anhydrous ammonia, granular ammonium sulfate, and crystalline ammonium sulfate; and sulfuric acid, zinc sulfides, and copper sulfides.

Closing stock price	C$0.25
Market Capitalization The total market value of Sherritt International Corporation's outstanding shares	C$176 million
Gross profit (TTM)	C$-3,400,000
Profit margin	-61.33%
Revenue (TTM)	C$188.5 million
Earnings per share (TTM)	-C$0.21
52-week stock price range	C$0.10 – C$0.50

All dollar amounts in this table are in CAD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on September 17, 2026.

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Wheaton Precious Metals (WPM)

Wheaton Precious Metals Corp. operates as a precious metal streaming company. It explores for gold, silver, palladium, platinum, and cobalt deposits in Canada, the United States, Mexico, Portugal, Sweden, the United Kingdom, Argentina, Chile, Brazil, Peru, Ecuador, Colombia, Côte d'Ivoire, Ethiopia, and South Africa.

The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017.

Closing stock price	C$210.91
Market Capitalization The total market value of Wheaton Precious Metals's outstanding shares	C$95.8 billion
Gross profit (TTM)	C$2.7 billion
Profit margin	64.66%
Revenue (TTM)	C$3.2 billion
Earnings per share (TTM)	C$6.31
52-week stock price range	C$128.92 – C$226.61

All dollar amounts in this table are in CAD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on September 17, 2026.

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Vale SA ADR (VALE)

Vale S. A., together with its subsidiaries, produces iron ore and nickel in Brazil, Asia, the Middle East, North Africa, Europe, the Americas, and Oceania.

The company operates in two segments, Iron Ore Solutions and Vale Base Metals.

Closing stock price	$14.21
Market Capitalization The total market value of Vale SA ADR's outstanding shares	$60.5 billion
Gross profit (TTM)	$76.2 billion
Profit margin	4.76%
Revenue (TTM)	$218.1 billion
Earnings per share (TTM)	$0.50
52-week stock price range	$9.76 – $17.44

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on September 17, 2026.

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BHP Group (BHP)

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, and South America. The company operates through three segments: Copper, Iron Ore, and Coal.

It explores for copper, iron, steelmaking coal, energy coal, nickel, potash, cobalt, sulphide, ammonium sulphate, silver, gold, molybdenum, uranium, and zinc deposits.

Closing stock price	$86.27
Market Capitalization The total market value of BHP Group's outstanding shares	$219.3 billion
Gross profit (TTM)	$50.5 billion
Profit margin	16.73%
Revenue (TTM)	$58.8 billion
Earnings per share (TTM)	$3.85
52-week stock price range	$50.08 – $96.60

All dollar amounts in this table are in USD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on September 17, 2026.

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Talon Metals (TLO)

Talon Metals Corp., a mineral exploration company, explores for and develops mineral properties in the United States. It explores for nickel, copper, and cobalt deposits.

The company holds 51% interests in Tamarack project located in Minnesota, the United States; and acquires Eagle Mine and associated Humboldt Mill located in Michigan, USA.

Closing stock price	C$9.10
Market Capitalization The total market value of Talon Metals's outstanding shares	C$1.6 billion
Gross profit (TTM)	C$22.6 million
Profit margin	2.77%
Revenue (TTM)	C$98.5 million
52-week stock price range	C$3.65 – C$11.23

All dollar amounts in this table are in CAD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on September 14, 2026.

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Fortune Minerals (FT)

Fortune Minerals Limited is involved in the exploration and development of specialty metals, base metals, and precious metals in Canada. The company explores for gold, cobalt, bismuth, copper, silver, lead, and zinc deposits.

Its primary asset is the NICO gold-cobalt-bismuth-copper project covering an area of 5,140 hectares located in the Northwest Territories and Lamont County consists of 76.

Closing stock price	C$0.14
Market Capitalization The total market value of Fortune Minerals's outstanding shares	C$97.2 million
Gross profit (TTM)	C$-37,392
Revenue (TTM)	C$-37,392
Earnings per share (TTM)	-C$0.01
52-week stock price range	C$0.07 – C$0.25

All dollar amounts in this table are in CAD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on September 14, 2026.

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Leading Edge Materials (LEM)

Leading Edge Materials Corp. engages in the exploration and development of resource properties in Sweden and Romania. It explores for graphite, heavy rare earth elements, nickel, and cobalt deposits.

The company holds 100% interests in the Woxna graphite project, which consists of the Kringelgruvan concession located in Ovanaker Municipality, Gavleborg County, central Sweden; and the Norra Kärr HREE project located in south-central Sweden.

Closing stock price	C$0.26
Market Capitalization The total market value of Leading Edge Materials's outstanding shares	C$64.4 million
Gross profit (TTM)	C$-165,669
Earnings per share (TTM)	-C$0.01
52-week stock price range	C$0.19 – C$0.46

All dollar amounts in this table are in CAD. TTM refers to the "trailing 12 months." All values are accurate as of the market close on September 14, 2026.

Compare trading platforms to buy cobalt stock

Compare special offers, low fees and a wide range of investment options among popular trading platforms in Canada. Note that the dollar amounts in the table below are in CAD.

Related: Compare the best stock trading platforms in Canada

Bottom line

If you're considering adding cobalt stocks to your portfolio, make sure you thoroughly look into any companies before investing to help mitigate risk. We've compiled a list of cobalt stocks to help narrow down your options. Then choose a legitimate stock trading platform to start investing. After that it comes down to monitoring the mining industry to know when to buy, sell or hold. How to buy stocks in Canada

Frequently asked questions about cobalt stocks

• What are cobalt stocks?

  Cobalt stocks are shares of companies that either directly work in the cobalt sector or operate within related industries. Investors interested in buying cobalt stocks may be looking to take advantage of market trends or lock in investments for the long haul.

• What is the top cobalt stock to buy in 2026?

  Unfortunately, it's almost impossible to choose a single "top" cobalt stock to invest in due to factors like market fluctuations, company management and shifting economic trends. These can all change—sometimes overnight—how a stock performs. It's best to do your own research to decide which companies fit within your risk tolerance. Reviewing a company's financial reports and past stock performance can help you decide if it's worth investing in.

• Where can I find information and regular updates about the mining industry?

  You can keep track of the latest mining news and updates by signing up for financial newsletters, visiting financial news sites, reading company investor relations pages and using market research platforms. Many online brokerages also offer sector reports, stock screeners and alerts to help you track movements in your stock performance or updates in or related to the mining industry.

Check these other commodities and investment sectors

If you're thinking about diversifying your portfolio and investing in sectors beyond cobalt stocks, here are some others you can consider:

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