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A Guide to Palladium Equities

By  +Follow January 9, 2014 8:23AM
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For the time being, the bear market for gold futures and stocks over the last year looks as though it may not be letting up anytime soon. Indeed, the yellow metal’s relatively recent and sudden decline has been the unfortunate flipside of the bull market for equities, one that only the most contrarian of metals investors could see as a great buying opportunity.

The notion that gold’s age-old status as a safe-haven investment is nearing its end has become a popular one lately. However hasty a claim this may be, however, there is no doubt that the current circumstances have, for the time being at least, created a situation in which gold products will not be as attractive an option for investors.

In any event, there are other precious metals that could fill the role(s) that gold typically does in a given portfolio. Palladium would have to be one of the best candidates: the metal has rebounded off of a low of $640 per ounce last June/July, to its current price of around $740.

Palladium has the added benefit of having a greater variety of industrial and commercial applications than gold as well, and many commodities analysts have cited it as an alternative precious metal to be taken seriously over the long-term.

Investors who are interested in playing palladium through equities have a number of options available to them, either on the exchanges, the pink sheets, or through exchange-traded funds. The following is a fairly comprehensive list of companies that are, to varying extents, tied to the production and/or manufacturing of palladium:

Stocks

Franco-Nevada Corporation (FNV)

Exchange: NYSE

Country: Canada

Sector/Industry: Basic Materials/Gold

Market-Cap: $6 billion

Price: $41.57

Performance (1 year): -26.47 percent

Solitario Exploration & Royalty Corp. (XPL)

Exchange: AMEX

Country: USA

Sector/Industry: Basic Materials/Gold

Market-Cap: $32.45 million

Price: $0.86

Performance (1 year): -46.71

Handy & Harman Ltd. (HNH)

Exchange: NASD

Country: USA

Sector/Industry: Industrial Goods/Industrial Equipment & Components

Market-Cap: $302 million

Price: $22.89

Performance (1 year): +38 percent

Atlatsa Resources Corporation (ATL)

Exchange: AMEX

Country: South Africa

Sector/Industry: Basic Materials/Industrial Metals & Minerals

Market-Cap: $238 million

Price: $0.53

Performance (1 year): +273 percent

North American Palladium Ltd. (PAL)

Exchange: AMEX

Country: Canada

Sector/Industry: Basic Materials/Industrial Metals & Minerals

Market-Cap: $129.25 million

Price: -0.64 percent

Performance (1 year): -52.63 percent

Platinum Group Metals Ltd. (PLG)

Exchange: AMEX

Country: Canada

Sector/Industry: Basic Materials/Industrial Metals & Minerals

Market-Cap: $443 million

Price: $1.10

Performance (1 year): +34 percent

Stillwater Mining Co. (SWC)

Exchange: NYSE

Country: USA

Sector/Industry: Basic Materials/Industrial Metals & Minerals

Market-Cap: $1.50 billion

Price: $12.50

Performance (1 year): +3.25 percent

Vale S.A. (VALE)

Exchange: NYSE

Country: Brazil

Sector/Industry: Basic Materials/Industrial Metals & Minerals

Market-Cap: $71.9 billion

Price: $13.56

Performance (1 year): -27.75 percent

Metalico Inc. (MEA)

Exchange: AMEX

Country: USA

Sector/Industry: Industrial Goods/Metal Fabrication

Market-Cap: $116.75 million

Price: $2.40

Performance (1 year): +19 percent

ETFs

Physical PM Basket Shares (GLTR)

Exchange: NYSE

Price: $67

Performance (1 year): -27 percent

Physical Palladium Shares ($PALL)

Exchange: NYSE

Price: $72

Performance (1 year): +8.40 percent

First Trust ISE Global Platinum Index ($PLTM)

Exchange: NASD

Price: $12.16

Performance (1 year): -18.25 percent

Physical White Metals Basket Shares ($WITE)

Exchange: NYSE

Price: $38.75

Performance (1 year): -24 percent

On the Pink Sheets

Impala Platinum Holdings Ltd. (IMPUY)

Country: South Africa

Market-Cap: $6.6 billion

Price: $10.85

Performance (1 year): -41.40 percent

Anglo American plc ($AAUKY)

Country: UK

Market-Cap: $25.75 billion

Price: $10.05

Performance (1 year): -37 percent

Lonmin plc (LNMIY)

Country: South Africa

Market-Cap: $2.75 billion

Price: $4.80

Performance (1 year): +2.7 percent

Aquarius Platinum Limited (AQPBF)

Country: Bermuda

Market-Cap: $311 million

Price: $0.66

Performance (1 year): -34.65 percent

Northam Platinum Ltd. (NMPNF)

Country: South Africa

Market-Cap: $1.4 billion

Price: $3.70

Performance (1 year): -1 percent

Glencore Xstrata plc ($GLNCY)

Country: Switzerland

Market-Cap: $66.7 billion

Price: $10.20

Performance (1 year): -16.50 percent

First Quantum Minerals Ltd. (FQVLF)

Country: Canada

Market-Cap: $10 billion

Price: $17

Performance (1 year): -16.70 percent

Lundin Mining Corporation ($LUNMF)

Country: Canada

Market-Cap: $2.50 billion

Price: $4.30

Performance (1 year): 15.9 percent

Eastern Platinum Limited (ELRFF)

Country: Canada

Market-Cap: $63.75 million

Price: $0.07

Performance (1 year): -63.64 percent

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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By  +Follow January 9, 2014 8:23AM
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