5 platinum stocks to watch

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.

5 popular platinum stocks to watch

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.

1. Franco-Nevada Corporation (FNV)
2. ASA Gold and Precious Metals (ASA)
3. Tiffany-and-Co (TIF)
4. Sibanye Gold Ltd ADR (SBSW)
5. Wheaton Precious Metals (WPM)

Compare investment accounts that help you research stocks

The platinum stocks 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.

Our picks for platforms with research tools

How to invest in platinum stocks

1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps in Canada.
2. Sign up for an account. Provide your personal information and sign up.
3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like FNV or ASA.
5. Place your order. Buy the stock. It's that simple.

Learn more about popular 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 royalty and stream company focused on precious metals in South America, Central America, Mexico, the United States, Canada, Australia, Europe, and internationally. It operates through Precious Metals, Other 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 through a third-party marketing agent.

• Previous close price: $170.85
• Market capitalization: $32,975,175,680
• 1 year performance: 38.98%
• P/E ratio: 59.2648

Buy FNV stock on Interactive Brokers

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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: $30.32
• Market capitalization: $571,789,504
• 1 year performance: 75.67%
• P/E ratio: 4.8833

Buy ASA stock on Interactive Brokers

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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 Interactive Brokers

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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. Sibanye Stillwater Limited was founded in 2013 and is headquartered in Weltevreden Park, South Africa.

• Previous close price: $4.59
• Market capitalization: $3,315,307,776
• 1 year performance: -7.83%

Buy SBSW stock on Interactive Brokers

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5. Wheaton Precious Metals (WPM)

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

• Previous close price: $82.07
• Market capitalization: $37,233,217,536
• 1 year performance: 59.30%
• P/E ratio: 69.7863

Buy WPM stock on Interactive Brokers

Buy platinum stocks from these online trading platforms

Compare special offers, low fees and a wide range of investment options among top trading platforms.

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

Finder Score for stock trading platforms

To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score the better the platform - simple.

Read the full methodology

Related: Compare the best stock trading platforms in Canada

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. If you're new to investing or if it's been a while since you've taken a critical look at your investment accounts, compare brokers to make sure you're getting the best trading features for your needs.

Related: How to buy stocks in Canada

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.