The best nickel mining 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.
Top 13 stocks of May 2024
The top
nickel
stocks included on this page all trade on the S&P 500, have an analyst recommendation of "Buy" or better and are sorted by year-to-date performance.
A lot of
nickel mining
stocks are offered on international exchanges. To trade them, you'll need a brokerage account with access to foreign markets. Before signing up for any new account, check to make sure your broker offers access to the stock exchange that the stock trades on.
- Sibanye Gold Ltd ADR (SBSW)
- Materion Corporation (MTRN)
- Nickel Industries (NIC)
- GMK Norilskiy Nikel PAO (GMKN)
- Canada Nickel Company (CNC)
- Poseidon Nickel (POS)
- WisdomTree Nickel (NICK)
- Vale SA ADR (VALE)
- Jinchuan Group International Resources Co (2362)
- Glencore (GLEN)
- BHP Group (BHP)
- Red Rock Resources (RRR)
- Tesla (TSLA)
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Take a deeper dive into nickel mining stocks
If you're interested in investing in the nickel industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.
1. 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. . . . .
Sibanye Gold Ltd ADR stock opened the day at $5.23 after a previous close of $5.09. The latest price was $5.22 (25-minute delay). Sibanye Gold Ltd ADR is listed on the NYSE, has a trailing 12-month revenue of around USD113.7 billion and employs 63,220 staff.
- Market capitalization: $3,693,891,072
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2. Materion Corporation (MTRN)
Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other. The company provides advanced engineered solutions comprising beryllium and non-beryllium containing alloy systems and custom engineered parts in strip, bulk, rod, plate, bar, tube, and other customized shapes; engineering and product development services; alloyed metals, beryllium products, and beryllium hydroxide; precision strip, rod, and wire products, as well as engineered strip metal products; and ToughMet alloys and SupremEX aluminum silicon carbide metal matrix composite formulation products.
Materion Corporation stock opened the day at $112.04 after a previous close of $111.46. The latest price was $115.13 (25-minute delay). Materion Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$1.6 billion and employs 3,500 staff.
- Market capitalization: $2,386,748,416
- P/E ratio: 28.7825
- PEG ratio: 2.35
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3. Nickel Industries (NIC)
Nickel Industries Limited engages in nickel ore mining, nickel pig iron, and nickel matte production activities. It is also involved in the production of mixed hydroxide precipitate for use in the electric vehicle supply chain. The company was formerly known as Nickel Mines Limited and changed its name to Nickel Industries Limited in June 2022.
Nickel Industries stock opened the day at A$0.98 after a previous close of A$1.00. The latest price was A$1.00 (25-minute delay). Nickel Industries is listed on the Australian Securities Exchange (ASX) and has a trailing 12-month revenue of around AUD$1.9 billion. All prices are listed in Australian Dollars.
- Market capitalization: $4,242,951,936
- P/E ratio: 19.8
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4. GMK Norilskiy Nikel PAO (GMKN)
Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel, together with its subsidiaries, operates as a metals and mining company in Russia, Europe, Asia, North and South America, and CIS countries. The company operates through GMK Group, South Cluster, Kola Division, GRK Bystrinskoye, Other Mining, and Other Non-Metallurgical segments. It explores for, extracts, and refines ore and nonmetallic minerals; and sale of base and precious metals produced from ore.
GMK Norilskiy Nikel PAO stock opened the day at ₽15,600.00 after a previous close of ₽15,600.00. The latest price was ₽15,380.00 (25-minute delay). GMK Norilskiy Nikel PAO is listed on the MCX and has a trailing 12-month revenue of around RUBA$17.9 billion. All prices are listed in Russian Rouble.
- Market capitalization: $2,613,658,000,000
- P/E ratio: 6.3649
- PEG ratio: 0
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5. Canada Nickel Company (CNC)
Canada Nickel Company Inc. , together with its subsidiaries, engages in the exploration, discovery, and development of nickel sulphide assets. It also develops zero-carbon production of nickel, cobalt, and iron.
Canada Nickel Company stock opened the day at C$1.45 after a previous close of C$1.45. The latest price was C$1.44 (25-minute delay). Canada Nickel Company is listed on the V. All prices are listed in Canadian Dollars.
- Market capitalization: $260,904,976
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6. Poseidon Nickel (POS)
Poseidon Nickel Limited engages in the exploration, mining, and production of mineral properties in Australia. The company primarily explores for nickel and gold deposits, as well as other minerals. It holds interests in the Windarra, Black Swan, and Lake Johnston nickel projects located in Western Australia.
Poseidon Nickel stock opened the day at A$0.01 after a previous close of A$0.01. The latest price was A$0.01 (25-minute delay). Poseidon Nickel is listed on the Australian Securities Exchange (ASX) and has a trailing 12-month revenue of around AUDC$606,000. All prices are listed in Australian Dollars.
- Market capitalization: $25,994,712
- PEG ratio: 0
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7. WisdomTree Nickel (NICK)
N/A. . . . . . .
WisdomTree Nickel stock opened the day at $18.52 after a previous close of $18.42. The latest price was $18.56 (25-minute delay). WisdomTree Nickel is listed on the London Stock Exchange (LSE).
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8. Vale SA ADR (VALE)
Vale S. A. , together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments.
Vale SA ADR stock opened the day at $12.60 after a previous close of $12.58. The latest price was $12.60 (25-minute delay). Vale SA ADR is listed on the NYSE and has a trailing 12-month revenue of around USD$206.1 billion.
- Market capitalization: $54,022,123,520
- P/E ratio: 6.9613
- PEG ratio: 10.6376
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9. Jinchuan Group International Resources Co (2362)
Jinchuan Group International Resources Co. Ltd, an investment holding company, engages in mining operations. The company explores for copper, cobalt, and copper concentrates.
Jinchuan Group International Resources Co stock opened the day at HK$0.86 after a previous close of HK$0.87. The latest price was HK$0.88 (25-minute delay). Jinchuan Group International Resources Co is listed on the HK, has a trailing 12-month revenue of around HKD$638.9 million and employs 1,744 staff. All prices are listed in Hong Kong Dollar.
- Market capitalization: $11,001,847,808
- PEG ratio: 0.1006
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10. Glencore (GLEN)
Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.
Glencore stock opened the day at 476.65p after a previous close of 483.45p. The latest price was 483.95p (25-minute delay). Glencore is listed on the London Stock Exchange (LSE), has a trailing 12-month revenue of around HK$217.8 billion and employs 83,426 staff. All prices are listed in pence sterling.
- Market capitalization: $58,706,718,720
- P/E ratio: 17.8889
- PEG ratio: 0.4092
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11. BHP Group (BHP)
BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.
BHP Group stock opened the day at 2,294.00p after a previous close of 2,315.00p. The latest price was 2,329.00p (25-minute delay). BHP Group is listed on the London Stock Exchange (LSE), has a trailing 12-month revenue of around £55.7 billion and employs 49,089 staff. All prices are listed in pence sterling.
- Market capitalization: $122,469,408,768
- P/E ratio: 20.1652
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12. Red Rock Resources (RRR)
Red Rock Resources Plc engages in the production and exploration of natural resources assets in the South Africa, Kenya, Democratic Republic of Congo, Australia, and internationally. The company explores for manganese, iron ore, uranium, gold, copper, cobalt, lithium, and nickel, as well as oil and gas properties. It holds a 100% economic interest in the Migori Gold project located in Kenya.
Red Rock Resources stock opened the day at 0.05p after a previous close of 0.04p. The latest price was 0.05p (25-minute delay). Red Rock Resources is listed on the London Stock Exchange (LSE) and employs 14 staff. All prices are listed in pence sterling.
- Market capitalization: $1,759,066
- PEG ratio: 0
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13. Tesla (TSLA)
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage.
Tesla stock opened the day at $174.84 after a previous close of $173.74. The latest price was $179.24 (25-minute delay). Tesla is listed on the NASDAQ, has a trailing 12-month revenue of around USD£94.7 billion and employs 140,473 staff.
- Market capitalization: $574,406,787,072
- P/E ratio: 46.0639
- PEG ratio: 2.9818
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How to invest in nickel mining stocks
- 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 of 2024.
- Sign up for an account. Provide your personal information and sign up.
- Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
- Choose the stocks you want to buy. Search for the stock by name or ticker symbol like SBSW or MTRN.
- Place your order. Buy the stock. It's that simple.
Bottom line
While it’s possible to turn a profit investing in nickel mining stocks, keep in mind that — like any investment — nickel mining stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the nickel 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.