North American equity indices registered robust weekly gains last week led by strong earnings and improving situation in the emerging markets. All the major sector indices advanced last week with metals & mining index leading the league both in the U.S. and Canada. Last week, gold prices crossed the $1,300 an ounce mark registering biggest weekly gain in six months on the back of increased demand and weak dollar. Gold and silver increased 4.1% and 7.4% last week ending Friday at $1,318.66 and $21.50 an ounce respectively. Other metal prices also rose last week.
Ubika Research has picked fourteen diversified metals & mining stocks which have outperformed the rise in metal prices with higher market interest while touching their intraday 52-week highs last week. The 5-day average trading volumes of these stocks are significantly higher than their one month daily average trading volumes. The shortlisted stocks outperformed their respective indices during the week recording price gains ranging from 10% to 41% with daily average traded volume in excess of 100,000.
Index Performance Last Week (February 10th 2014 – February 14th 2014)
| Index |
Last Index Value |
Value Change (5-Day) |
Average Volume |
Average Volume |
Volume Comparison* |
|
S&P 500 Index |
1,838.63 |
2.3% |
505.8 |
564.7 |
-10.4% |
|
NASDAQ Composite Index |
4,244.03 |
2.9% |
488.9 |
525.2 |
-6.9% |
|
Russell 2000 Index |
1,149.21 |
2.9% |
250.6 |
268.9 |
-6.8% |
|
S&P/TSX Venture Composite Index |
996.35 |
3.5% |
95.4 |
68.6 |
39.1% |
|
S&P/TSX Composite Index |
14,054.76 |
1.9% |
200.3 |
189.1 |
5.9% |
|
S&P 500 Metals & Mining Industry Index (U.S.) |
131.27 |
5.4% |
10.1 |
12.7 |
-20.2% |
|
S&P/TSX Composite Metals & Mining Industry Index (Canada) |
2,433.40 |
6.4% |
70.7 |
60.5 |
16.9% |
Metals Prices Last Week
| Precious Metals |
Price as on Feb 14, 2014 |
1-Wk Price Change |
|
Gold |
$1,318.66 |
4.1% |
|
Silver |
$21.50 |
7.4% |
|
Base Metals |
||
|
Aluminum |
$1,745.50 |
1.5% |
|
Copper |
$7,150.00 |
0.1% |
|
Nickel |
$14,250.00 |
0.8% |
|
Zinc |
$2,042.00 |
1.0% |
|
Lead |
$2,138.00 |
0.9% |
|
Other Metals |
||
|
Palladium |
$737.00 |
3.7% |
|
Platinum |
$1,429.13 |
3.2% |
Stocks Performance
| Company Name |
Ticker |
Exchange |
Market Cap |
Last Price |
Price Change (5-Day) |
Average Volume |
Average Volume |
Volume Comparison* |
52-Week High |
52-Week Low |
|
Augusta Resource Corp |
AZC |
TSX |
511.7 |
3.54 |
41.0% |
3,903,015 |
918,657 |
324.9% |
3.55 |
0.48 |
|
AMCOL International Corp |
ACO |
NYSE |
1,468.7 |
45.27 |
25.2% |
1,278,549 |
332,294 |
284.8% |
45.32 |
27.59 |
|
Lithic Resources Ltd |
LTH |
TSXV |
9.2 |
0.15 |
31.8% |
126,970 |
38,700 |
228.1% |
0.18 |
0.04 |
|
Nulegacy Gold Corp |
NUG |
TSXV |
16.3 |
0.18 |
34.6% |
384,807 |
118,594 |
224.5% |
0.18 |
0.01 |
|
Mines Management Inc |
MGN |
NYSE |
34.8 |
1.20 |
40.7% |
305,189 |
125,709 |
142.8% |
1.41 |
0.48 |
|
Integra Gold Corp |
ICG |
TSXV |
41.6 |
0.31 |
40.9% |
963,534 |
436,050 |
121.0% |
0.42 |
0.13 |
|
Avino Silver & Gold Mines Ltd |
ASM |
TSXV |
67.4 |
2.45 |
16.1% |
181,379 |
90,287 |
100.9% |
2.53 |
0.75 |
|
I-Minerals Inc |
IMA |
TSXV |
22.2 |
0.31 |
26.5% |
197,243 |
109,525 |
80.1% |
0.32 |
0.05 |
|
Alderon Iron Ore Corp |
ADV |
TSX |
265.5 |
2.04 |
13.3% |
633,642 |
360,348 |
75.8% |
2.13 |
0.88 |
|
Klondex Mines Ltd |
KDX |
TSX |
154.7 |
1.94 |
10.2% |
494,385 |
297,628 |
66.1% |
1.98 |
0.91 |
|
Guyana Goldfields Inc |
GUY |
TSX |
404.9 |
3.21 |
17.2% |
840,724 |
509,189 |
65.1% |
3.33 |
1.16 |
|
Tahoe Resources Inc |
THO |
TSX |
3,500.4 |
23.96 |
13.1% |
648,250 |
424,694 |
52.6% |
24.59 |
12.43 |
|
Silvercrest Mines Inc |
SVL |
TSXV |
309.3 |
2.84 |
16.9% |
475,474 |
315,215 |
50.8% |
2.84 |
1.18 |
|
McEwen Mining Inc |
MUX |
NYSE |
912.3 |
3.07 |
20.4% |
3,806,641 |
2,802,884 |
35.8% |
3.19 |
1.63 |
Source: Bloomberg
Market cap & Last Price are in their respective currencies
*Volume Comparison: 5-Day average volume over 30-Day average volume
Company Description
Augusta Resource Corp (TSX: AZC)
Augusta Resource Corporation is a mineral exploration and development company with copper and other base metal assets in the United States.
AMCOL International Corp (NYSE: ACO)
AMCOL International Corporation mines, processes, and distributes clays for use in industrial and consumer markets. The company additionally processes and distributes clays for use as a moisture barrier in commercial construction, landfill liners. The company’s clay products are also used in nanotechnology. AMCOL also operates a long-haul trucking and a freight brokerage business.
Lithic Resources Ltd (TSXV: LTH)
Lithic Resources Ltd. acquires and explores mineral properties. The company’s current focus is on zinc exploration and production.
Nulegacy Gold Corp (TSXV: NUG)
Nulegacy Gold Corp. is a mineral exploration and development company. The company is focused in the Red Hill and Wood Hills South properties in Nevada, United States.
Mines Management Inc (NYSE: MGN)
Mines Management, Inc. acquires, explores, and develops mineral properties that contain silver, base metals, and other precious metals. The company’s properties are still in the exploration stage, with none of them producing any mineral content.
Integra Gold Corp (TSXV: ICG)
Integra Gold Corporation explores for gold and diamonds. The company operates on the Back Lake, Chapleau and Lamaque gold properties in Quebec, Ontario and the Northwest Territories in Canada; and the Wawa diamond property in Ontario.
Avino Silver & Gold Mines Ltd (TSXV: ASM)
Avino Silver & Gold Mines owns an interest in Cia Minera Mexicana de Avino S.A., operator of the Avino Silver Mine near Durango, Mexico. The primary metal produced at the Avino Mine is silver, but small quantities of lead, copper and gold are also mined. In addition, the company explores for and develops its mining properties near Vancouver, British Columbia.
I-Minerals Inc (TSXV: IMA)
I-MINERALS Inc. is an industrial minerals company that develops, mines, processes, and markets industrial minerals. The company has mining lease applications and mineral leases located in Idaho in the United States. i-minerals have the right to mine for kaolin, clay, quartz, mica, feldspar, metalliferous minerals, and associated by-products.
Alderon Iron Ore Corp (TSX: ADV)
Alderon Iron Ore Corporation explores for iron ore. The company operates the Kami Iron Ore Project in western Labrador.
Klondex Mines Ltd (TSX: KDX)
Klondex Mines Ltd. acquires, explores, and evaluates mineral properties. The company currently mines for gold in the State of Nevada.
Guyana Goldfields Inc (TSX: GUY)
Guyana Goldfields Inc. is a metals exploration company. The company is primarily exploring for gold in Guyana.
Tahoe Resources Inc (TSX: THO)
Tahoe Resources Inc. provides mining services. The company acquires, explores and develops resource properties in the Americas for the mining of precious metals, primarily silver. Tahoe operates in the United States, Canada, and Guatemala.
Silvercrest Mines Inc (TSXV: SVL)
SilverCrest Mines Inc. is producing silver and gold mining company with a portfolio of precious metals deposits as exploration properties in Mexico. The company’s long term initiative is to further develop existing properties, acquire additional properties and continue to grow our silver & gold production.
McEwen Mining Inc (NYSE: MUX)
McEwen Mining Inc. is a high growth, low cost mid-tier gold producer in the Americas.
