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5 top platinum stocks to buy in 2024

Ready to invest in the precious metals industry? Learn how to invest in platinum stocks in just a few steps.

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.

The top precious metals 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.

  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)

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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 of 2024.
  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.

Take a deeper dive into platinum stocks

If you're interested in investing in the precious metals 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. Franco-Nevada Corporation (FNV)

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through 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.

Franco-Nevada Corporation stock opened the day at $122.77 after a previous close of $125.67. The latest price was $123.55 (25-minute delay). Franco-Nevada Corporation is listed on the NYSE and has a trailing 12-month revenue of around USD1.2 billion.

  • Market capitalization: $24,045,498,368
  • PEG ratio: 11.81

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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.

ASA Gold and Precious Metals stock opened the day at $18.69 after a previous close of $18.85. The latest price was $18.49 (25-minute delay). ASA Gold and Precious Metals is listed on the NYSE and has a trailing 12-month revenue of around USD$2.4 million.

  • Market capitalization: $369,401,568
  • P/E ratio: 38.3
  • PEG ratio: 0

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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.

Tiffany-and-Co is listed on the NYSE, has a trailing 12-month revenue of around USD$3.7 billion and employs 14,100 staff.

  • Market capitalization: $16,044,431,360
  • P/E ratio: 55.6562
  • PEG ratio: 4.8797

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4. Sibanye Gold Ltd ADR (SBSW)

As of June 19, 2024, Sibanye Stillwater Limited was acquired by UBS Group AG. 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 Gold Ltd ADR stock opened the day at $4.37 after a previous close of $4.45. The latest price was $4.33 (25-minute delay). Sibanye Gold Ltd ADR is listed on the NYSE, has a trailing 12-month revenue of around USD$113.7 billion and employs 63,220 staff.

  • Market capitalization: $3,249,405,184

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5. Wheaton Precious Metals (WPM)

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

Wheaton Precious Metals stock opened the day at $58.31 after a previous close of $59.94. The latest price was $58.62 (25-minute delay). Wheaton Precious Metals is listed on the NYSE, has a trailing 12-month revenue of around USD$1.1 billion and employs 42 staff.

  • Market capitalization: $27,320,002,560
  • P/E ratio: 46.1846
  • PEG ratio: 2.4

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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. 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.

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Finder is not an advisor or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.

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