4 Canadian Nickel Stocks Quietly Outperforming

The Canadian nickel stocks on our list have averaged 16% YTD returns

SmallCapPower | April 10, 2018: Battery metals have seen a correction after their rally earlier this year, with almost none of the lithium and cobalt companies we track seeing positive YTD returns. Lithium prices are currently US$126,000/t, down 20% YTD, and although cobalt prices are currently up, US$41.50/lb and up 20% YTD, many cobalt companies have been set back by changes in the Congolese mining code. However, nickel companies remain strong, and the nickel price is up 5% YTD. That being said, the Canadian nickel stocks on our list today have seen strong YTD returns.

FPX Nickel Corp. (TSXV:FPX) – $0.17

FPX Nickel is a Canada-based nickel developer operating in British Columbia. The Company’s flagship asset, the Decar Nickel District, hosts 2.3 Mt Ni, grading 1.2% Ni (Feb 2018 updated resource estimate). The project’s 2013 Preliminary Economic Assessment aims for the project to produce an average of 114,000t/day over the mine’s 24-year life. FPX also owns four other nickel properties.

  • Market Cap: $24.9 Million
  • 1 Month Total Return: 30.8%
  • YTD Total Return: 78.9%
  • 6 Month Total Return: 88.9%

Royal Nickel Corp. (TSX:RNX) – $0.21

Royal Nickel is a Canada-based mining company operating in Canada and Australia. The Company holds stakes in two producing assets, the Beta Hunt gold-nickel mine in Australia and the Reed copper-gold mine in Quebec, as well as a number of exploration assets. The Company also owns the Dumont nickel deposit, the world’s largest undeveloped nickel reserve hosting 1,200Mt at 0.3% Ni.

  • Market Cap: $73.1 Million
  • 1 Month Total Return: -18.0%
  • YTD Total Return: 17.1%
  • 6 Month Total Return: 13.9%

Noront Resources Ltd. (TSXV:NOT) – $0.37

Noront Resources is a Canada-based developer operating in northern Ontario. The Company’s primary asset, the Eagle’s Nest mine, is a nickel-copper-platinum-palladium mine, hosting 11.1Mt at 1.7% Ni, 0.9% Cu, 0.9 g/t Pt, and 3.1 g/t Pd. Noront expects to begin production at 3,000 tonnes of ore per day, three years after receiving its permits. The Company also has 13 other properties in various stages of exploration.

  • Market Cap: $117.9 Million
  • 1 Month Total Return: 0.0%
  • YTD Total Return: 15.9%
  • 6 Month Total Return: 19.7%

Garibaldi Resources Corp. (TSXV:GGI) – $2.71

Garibaldi Resource is a Canada-based developer operating in British Columbia, advancing its nickel-copper-rich massive sulphide discovery at Nickel Mountain, 11 miles southwest of Eskay Creek. The Company also has 11 properties in the exploration and drilling stage.

  • Market Cap: $273.9 Million
  • 1 Month Total Return: 26.6%
  • YTD Total Return: 10.2%
  • 6 Month Total Return: 20.4%

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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