If you are looking for zinc stocks, then you are at the right place. In this post, we will discuss the 9 best zinc stocks to buy now in 2023 to get a huge margin.
On the other hand, Zinc is the fourth most commonly used metal in the world after aluminum, iron, and copper. However, just a small dose of zinc is used to cure some diseases in humans, or zinc galvanizing is used to prevent rust in iron/steel. As a result, that process drives more than 60% of the production of zinc.
This means that if you invest in zinc stocks, then it is going to be the best investment of your life. So, without delay, let’s start with 9 best zinc stocks to buy now in 2023.
9 Of The Best Zinc Stocks to Buy Now (Updated 2023)
Table of Contents
In this section, we will discuss the 9 of the best zinc stocks to buy now in 2023. Here is our list of 9 zinc stocks:
- Teck Resources (TSX:TECK.A,TSX:TECK.B)
- Wheaton Precious Metals Corp. (NYSE: WPM)
- HudBay Minerals (NYSE: HBM)
- Carpenter Technology Corporation (NYSE: CRS)
- Trilogy Metals (TSX:TMQ)
- Southern Copper Corporation (NYSE:SCCO)
- Hecla Mining (NYSE:HL)
- Eldorado Gold Corporation (NYSE:EGO)
- Silvercorp Metals Inc. (NYSE: SVM)
1. Teck Resources (TSX:TECK.A,TSX:TECK.B)
The first on our list of best zinc stocks is Teck Resources. The market capitalization of this company is about 21.92 billion CAD. On the other hand, the share price is C$42.42, and the year-to-date gain is 30%.
About:
Teck Resources is a mining and mineral development company with significant business units in copper, steelmaking, coal, and zinc, as well as investments in energy assets. Teck is a major zinc producer, and its Red Dog zinc mine in Alaska is one of the largest zinc mines in the world.
However, Teck expects to produce 275,000 to 290,000 tonnes of copper, 585,000 to 610,000 tonnes of zinc, and 300,000 to 310,000 tonnes of refined zinc in 2021. Teck shares reached their highest level on June 2, reaching C$42.50.
2. Wheaton Precious Metals Corp. (NYSE: WPM)
At number two, we have Wheaton Precious Metals Corp. The market capitalization of this company is about 15.04 billion USD. Over $320 million was made during the first quarter of 2021, an increase of 27% from the previous year.
About:
Wheaton Precious Metals Corp. (NYSE: WPM) is a precious metals company that is based in Canada. However, this company was founded in 2004. Over the last three months, Wheaton stock has returned more than 34% to investors.
The company’s main focus is on the development and sale of metals such as gold, silver, palladium, and cobalt, among others. It has a stake in more than 20 mining projects and is helping in the development of another seven.
3. HudBay Minerals (NYSE: HBM)
Next on our list of zinc stocks is HudBay Minerals (NYSE: HBM). The market capitalization of this company is nearly about 1.39 billion CAD. The market share price of this company is $3.91 USD.
About:
As the name suggests, this is another Canadian-based company. The headquarters of this company is in Toronto, with working mines in Peru and a development project in Arizona.
On the other hand, this company has been only in the industry for 22 years, which means that you can consider this company as the new kid. Their specialty is the production of zinc and copper concentrates and base metals, but they also work on the discovery and marketing of a broader range of metal ores.
This company was founded in the year of 1990s. The main concern of this company is a social responsibility as well as environmental impact.
4. Carpenter Technology Corporation (NYSE: CRS)
The next zinc stock on our list is Carpenter Technology Corporation. The market capitalization of this company is nearly about 1.74 billion USD. On the other hand, the share price is 36.04 USD.
About :
Carpenter Technology Corporation (NYSE: CRS) is a steel-focused company, and the headquarter of this company is in Pennsylvania. It was founded in 1889. Over the last year, Carpenter stock has returned more than 105% to investors.
Carpenter Technology Corporation (NYSE: CRS) develops and sells a variety of metal alloys as well as zinc-related products. Some of the products that sell are Powder metals, stainless steel, alloy steel, and other products.
5. Trilogy Metals (TSX:TMQ)
Next on the list of best zinc stocks is Trilogy Metals (TSX:TMQ). The market capitalization of this company is nearly about 112.32 million CAD. On the other hand, the share price is $0.56, and the year-to-date gain is 17.72%.
About:
Trilogy Metals is actively exploring the Upper Kobuk projects in Alaska’s Ambler mining district through its 50% ownership of Ambler Metals. This region is known for having world-class polymetallic volcanogenic massive sulfide deposits containing copper, zinc, lead, gold, and silver, as well as carbonate replacement deposits with high-grade copper and cobalt mineralization.
Read More
6. Southern Copper Corporation (NYSE:SCCO)
The next zinc stock on our list is Southern Copper Corporation (NYSE:SCCO). The market capitalization of this company is nearly about 59.39 billion USD. However, the share price is $76.96 USD.
About:
Southern Copper Corporation (NYSE: SCCO) is a mining company based in Phoenix, Arizona, that operates in Peru, Mexico, and Chile. On the other hand, the company is primarily engaged in the mining, exploration, and development of copper, zinc, silver, lead, and gold.
Furthermore, as a publicly traded company, Southern Copper is listed on the New York Stock Exchange under the ticker symbol SCCO. The company has a strong financial position and a solid track record of dividend payments to its shareholders.
7. Hecla Mining (NYSE:HL)
Next on our list of zinc stocks is Hecla Mining (NYSE:HL). The market capitalization of this company is nearly about 3.61 billion USD. The market share price of this company is $5.99 USD.
About:
Hecla Mining (NYSE: HL) is a leading low-cost silver producer based in Coeur d’Alene, Idaho, USA, that was founded in the year of 1891. However, the company has a rich history in the mining industry and has grown to become one of the largest primary silver producers in the United States.
8. Eldorado Gold Corporation (NYSE:EGO)
The next zinc stock on our list is Eldorado Gold Corporation (NYSE:EGO). The market capitalization of this company is nearly 2.13 billion USD. On the other hand, the share price is $11.59 USD.
About:
Eldorado Gold Corporation (NYSE: EGO) is a Canadian-based gold mining company with operations in Canada, Turkey, Greece, Brazil, and Romania. The company was founded in 1992 and has been publicly traded since 1993.
The main focus of this company is on gold exploration, development, mining, and production. However, the production of this company is primarily from its Kisladag and Efemcukuru mines in Turkey and its Lamaque mine in Canada.
9. Silvercorp Metals Inc. (NYSE: SVM)
The last on our list of the top 9 zinc stocks you can buy before the end of 2023 is Silvercorp Metals Inc. (NYSE: SVM). The market capitalization of this company is nearly about 657.49 million USD. On the other hand, the share price is $3.62, and the P/E ratio is 27.41.
About:
Silvercorp Metals Inc. (NYSE: SVM) is a Canadian mining company that engages in the exploration, development, and production of silver, gold, lead, and zinc metals in China. On the other hand, the company was founded in the year of 2003. The main headquarter of this company is in Vancouver, British Columbia.
Furthermore, Silvercorp Metals owns and operates four mines in China: the Ying Mining District, the GC Mine, the BYP Gold-Lead-Zinc Mine, and the LM Mine. The Ying Mining District is the company’s flagship asset and has been in production since 2006. The other three mines were acquired through mergers and acquisitions in recent years.
Things You Should Know About The Future Of Zinc Mining Stocks
There are various factors that affect the future of zinc, which includes the construction trends in the developing world, iron/steel that require zinc for resiliency, disposable incomes for home improvements, auto production futures, and housing starts.
Another factor that affects zinc prices is trade wars. As a result, investors prefer to hold zinc in an ETF, spreading risk across commodities such as lead, nickel, and copper. There are no pure-play zinc investments because mining and production companies spread their risks across various ores.
Conclusion
Well, this is the end of this post. In this post, we have mentioned the 9 of the best zinc stocks to buy now in 2023. However, if you are interested in buying the stocks that we mentioned above, then you have to do the proper research on the stock that you are interested in.
On the other hand, below we have provided you with the top 5 lithium stocks that you should consider buying in 2023.
FAQs
Q1. What are the 5 Lithium Stocks to Consider in 2023?
Here are the 5 best Lithium Stocks to consider in 2023:
1. Albemarle (NYSE:ALB) with a market capitalization of $24.43 billion.
2. Ganfeng Lithium (OTC:GNEN.F) with a market capitalization of $17 billion.
3. Sociedad Quimica y Minera de Chile (NYSE:SQM) with a market capitalization of $20.12 billion.
4. Livent (NYSE:LTHM) with a market capitalization of $3.59 billion.
5. Lithium Americas (NYSE:LAC) with a market capitalization of $2.72 billion.
Q2. What Are The 5 Best Mining Stocks That You Should Buy Now?
Take a closer look at these top 5 mining stocks you should buy in 2023.
1. BHP Group (NYSE:BHP)
2. Barrick Gold
3. Cleveland-Cliffs Inc. (NYSE:CLF)
4. Rio Tinto
5. Glencore plc (OTC:GLNCY)
