Considering investing in platinum stocks? While the best platinum stocks depend on your portfolio and investment goals, we've identified some platinum stocks that are worth keeping an eye on in the precious metals sector. Keep reading to learn more about platinum stocks and how to start investing.
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 stocks.
| Best stock | 1-year return | Market cap | Exchange | Volume | Buy on Questrade |
|---|---|---|---|---|---|
| Franco-Nevada Corporation (FNV.TO) | 33.37% | $58.7 billion (CAD) | Toronto Stock Exchange | 754,812 | Buy now |
| ASA Gold and Precious Metals (ASA.US) | 81.68% | $1.1 billion (USD) | NYSE | 226,300 | Buy now |
| Wheaton Precious Metals (WPM.US) | 37.44% | $55.7 billion (USD) | NYSE | 3,313,000 | Buy now |
| Platinum Group Metals (PTM.TO) | 9.52% | $271.4 million (CAD) | Toronto Stock Exchange | 71,290 | Buy now |
| Eastern Platinum (ELR.TO) | 38.46% | $85.5 million (CAD) | Toronto Stock Exchange | 21,503 | Buy now |
| Ivanhoe Mines (IVN.TO) | 15.82% | $17.2 billion (CAD) | Toronto Stock Exchange | 2,796,117 | Buy now |
The precious metals industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering platinum 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 platinum stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong platinum stock investment for one person might not be suitable for another.
That said, we rounded up this list of popular platinum stocks in or related to the precious metals industry to help narrow down your options:
Keep in mind that this is not a "best" list or a recommendation. It highlights some platinum 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 platinum stock below. Keep reading to decide if any of these companies are the right investment for you.
Franco-Nevada Corporation operates as a royalty and stream company focused on precious metals in South America, Central America, Mexico, the United States, Canada, Australia, Europe, and Africa. The company operates through Precious Metals, Other Mining and Energy segments.
It also 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 through a third-party marketing agent.
| Closing stock price | C$304.32 |
|---|---|
| Market Capitalization | C$58.7 billion |
| Gross profit (TTM) | C$1.9 billion |
| Profit margin | 65.67% |
| Revenue (TTM) | C$2.1 billion |
| Earnings per share (TTM) | C$9.90 |
| 52-week stock price range | C$208.61 – C$386.76 |
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.
| Closing stock price | $59.21 |
|---|---|
| Market Capitalization | $1.1 billion |
| Gross profit (TTM) | $4 million |
| Profit margin | 16,684.03% |
| Revenue (TTM) | $4 million |
| Earnings per share (TTM) | $35.19 |
| 52-week stock price range | $30.31 – $83.15 |
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 | $122.57 |
|---|---|
| Market Capitalization | $55.7 billion |
| Gross profit (TTM) | $2.4 billion |
| Profit margin | 65.55% |
| Revenue (TTM) | $2.7 billion |
| Earnings per share (TTM) | $3.96 |
| 52-week stock price range | $85.04 – $165.25 |
Platinum Group Metals Ltd. engages in the acquisition, exploration, and development of platinum and palladium properties. The company explores for palladium, platinum, gold, copper, nickel, and rhodium deposits.
It also holds 50.
| Closing stock price | C$2.07 |
|---|---|
| Market Capitalization | C$271.4 million |
| Earnings per share (TTM) | -C$0.07 |
| 52-week stock price range | C$1.83 – C$5.46 |
Eastern Platinum Limited, together with its subsidiaries, mines, explores, and develops platinum group metal (PGM) and chrome properties on the western and eastern limbs of the Bushveld Complex in the Republic of South Africa. The company operates through CRM and Eastern Limb segments.
Its PGM deposits include platinum, palladium, rhodium, osmium, iridium, and ruthenium.
| Closing stock price | C$0.36 |
|---|---|
| Market Capitalization | C$85.5 million |
| Gross profit (TTM) | C$7.1 million |
| Profit margin | -25.69% |
| Revenue (TTM) | C$60.6 million |
| Earnings per share (TTM) | -C$0.11 |
| 52-week stock price range | C$0.17 – C$0.99 |
Ivanhoe Mines Ltd., together with its subsidiaries, engages in the mining, development, and exploration of minerals and precious metals in Africa. The company explores gold, platinum, palladium, rhodium, nickel, copper, zinc, germanium, silver, and lead deposits.
Its projects include the Kamoa-Kakula Copper Complex mine located in the Central African Copperbelt; the Kipushi Zinc mine in Southern Haut-Katanga Province, Democratic Republic of Congo; and the Platreef PGM-Nickel mine located in the Northern Limb of South Africa's Bushveld Igneous Complex.
| Closing stock price | C$11.64 |
|---|---|
| Market Capitalization | C$17.2 billion |
| Gross profit (TTM) | C$107.7 million |
| Profit margin | 24.86% |
| Revenue (TTM) | C$530.1 million |
| Earnings per share (TTM) | C$0.13 |
| 52-week stock price range | C$10.01 – C$20.34 |
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