4 Cobalt Stocks with Disappointing Returns

The cobalt stocks on list could see their declines reverse if cobalt prices continue to rise

SmallCapPower | April 18, 2018: Many cobalt companies have suffered significant price declines in recent months, with their stock prices sliding an average of ~16% YTD. However, cobalt prices remain strong, up 20% YTD. Cobalt prices could continue to surge, especially if the Democratic Republic of the Congo does not alter its mining code and/or increases cobalt royalty rates, which could prompt a rally, lifting up some particularly hard-hit companies such as the cobalt stocks on our list today.

Bankers Cobalt Corp. (TSXV:BANC) – $0.19
Cobalt

Bankers Cobalt is an exploration-stage company focused on the development of its 26 cobalt and copper concessions in the Democratic Republic of Congo. The Company’s 55%-owned Kabolela Project comprises 3.6 square kilometers, with an ongoing drill program that discovered 2.0% Cu over 6m. Kankutu also has a 65% share in the Kankutu copper-cobalt property, which comprises 10.3 square kilometers in the DRC, and a drill program to begin in late April.

  • Market Cap: $28.8 Million
  • 1 Week Total Return: -34.5%
  • 1 Month Total Return: -42.4%
  • YTD Total Return: -77.1%

Giga Metals Corp. (TSXV:GIGA) – $0.32
Nickel & Cobalt

Giga Metals is a Canada-based mining company operating in British Columbia. The Company’s primary asset, the Turnagain project, hosts reserves of 865Mt grading 0.2% Ni and 0.01% Co. GIGA expects to produce 44,000t/y Ni and 2,400t/y Co at full production.

  • Market Cap: $15.4 Million
  • 1 Week Total Return: -13.7%
  • 1 Month Total Return: -17.1%
  • YTD Total Return: -57.4%

First Cobalt Corp. (TSXV:FCC) – $0.82
Cobalt

First Cobalt is a Canada-based exploration stage company, operating in Idaho and Ontario. The Company’s 45%-controlled Canadian Cobalt Camp has an ongoing drilling campaign, with results including 16m of 0.1% Co and 14m of 106.2 g/t Ag.

  • Market Cap: $185.5 Million
  • 1 Week Total Return: -9.9%
  • 1 Month Total Return: -26.1%
  • YTD Total Return: -33.9%

Sherritt International Corp. (TSX:S) – $1.16
Nickel & Cobalt

Sherritt International is a Canada-based resource company that operates nickel and cobalt mines in Cuba, Madagascar, and Canada. Sherritt is guided to produce 21,000t Ni and 2,250t Co in 2018.

  • Market Cap: $460.4 Million
  • 1 Week Total Return: 4.5%
  • 1 Month Total Return: -12.1%
  • YTD Total Return: -32.6%

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

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