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.
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) | (data unavailable) | $102.1 million (CAD) | Toronto Stock Exchange | (data unavailable) | Buy now |
| Wheaton Precious Metals (WPM.TO) | (data unavailable) | $78.3 billion (CAD) | Toronto Stock Exchange | (data unavailable) | Buy now |
| Vale SA ADR (VALE.US) | (data unavailable) | $63.8 billion (USD) | NYSE | (data unavailable) | Buy now |
| BHP Group (BHP.US) | 66.29% | $218.2 billion (USD) | NYSE | 2,232,008 | Buy now |
| Talon Metals (TLO.TO) | (data unavailable) | $1.1 billion (CAD) | Toronto Stock Exchange | (data unavailable) | Buy now |
| Fortune Minerals (FT.TO) | (data unavailable) | $90.3 million (CAD) | Toronto Stock Exchange | (data unavailable) | Buy now |
| Leading Edge Materials (LEM.V) | (data unavailable) | $68.2 million (CAD) | TSX Venture Exchange | (data unavailable) | Buy now |
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.
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:
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.
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.
| Market Capitalization | C$102.1 million |
|---|---|
| Gross profit (TTM) | C$28.2 million |
| Profit margin | -19.84% |
| Revenue (TTM) | C$172.9 million |
| Earnings per share (TTM) | -C$0.06 |
| 52-week stock price range | C$0.10 – C$0.35 |
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.
| Market Capitalization | C$78.3 billion |
|---|---|
| Gross profit (TTM) | C$2.4 billion |
| Profit margin | 65.55% |
| Revenue (TTM) | C$2.7 billion |
| Earnings per share (TTM) | C$5.55 |
| 52-week stock price range | C$125.31 – C$225.99 |
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.
| Market Capitalization | $63.8 billion |
|---|---|
| Gross profit (TTM) | $75.4 billion |
| Profit margin | 7.26% |
| Revenue (TTM) | $214.9 billion |
| Earnings per share (TTM) | $0.68 |
| 52-week stock price range | $8.96 – $17.94 |
BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments.
It also engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.
| Closing stock price | $87.90 |
|---|---|
| Market Capitalization | $218.2 billion |
| Gross profit (TTM) | $44.9 billion |
| Profit margin | 18.97% |
| Revenue (TTM) | $54 billion |
| Earnings per share (TTM) | $4.16 |
| 52-week stock price range | $49.07 – $93.83 |
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.
| Market Capitalization | C$1.1 billion |
|---|---|
| Gross profit (TTM) | C$9.7 million |
| Profit margin | -2.94% |
| Revenue (TTM) | C$46.9 million |
| Earnings per share (TTM) | -C$0.02 |
| 52-week stock price range | C$3.55 – C$9.25 |
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.
| Market Capitalization | C$90.3 million |
|---|---|
| Gross profit (TTM) | C$112,249 |
| Revenue (TTM) | C$112,249 |
| Earnings per share (TTM) | -C$0.01 |
| 52-week stock price range | C$0.07 – C$0.25 |
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.
| Market Capitalization | C$68.2 million |
|---|---|
| Gross profit (TTM) | C$-165,669 |
| Earnings per share (TTM) | -C$0.01 |
| 52-week stock price range | C$0.15 – C$0.46 |
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