A Guide to Palladium Equities

Michael Teague  |

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:

Exchange: NYSE

Country: Canada

Sector/Industry: Basic Materials/Gold

Market-Cap: $6 billion

Price: $41.57

Performance (1 year): -26.47 percent

Exchange: AMEX

Country: USA

Sector/Industry: Basic Materials/Gold

Market-Cap: $32.45 million

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Price: $0.86

Performance (1 year): -46.71

Exchange: NASD

Country: USA

Sector/Industry: Industrial Goods/Industrial Equipment & Components

Market-Cap: $302 million

Price: $22.89

Performance (1 year): +38 percent

Exchange: AMEX

Country: South Africa

Sector/Industry: Basic Materials/Industrial Metals & Minerals

Market-Cap: $238 million

Price: $0.53

Performance (1 year): +273 percent

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

Exchange: AMEX

Country: Canada

Sector/Industry: Basic Materials/Industrial Metals & Minerals

Market-Cap: $443 million

Price: $1.10

Performance (1 year): +34 percent

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

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

Exchange: AMEX

Country: USA

Sector/Industry: Industrial Goods/Metal Fabrication

Market-Cap: $116.75 million

Price: $2.40

Performance (1 year): +19 percent

Exchange: NYSE

Price: $67

Performance (1 year): -27 percent

Exchange: NYSE

Price: $72

Performance (1 year): +8.40 percent

Exchange: NASD

Price: $12.16

Performance (1 year): -18.25 percent

Exchange: NYSE

Price: $38.75

Performance (1 year): -24 percent

Country: South Africa

Market-Cap: $6.6 billion

Price: $10.85

Performance (1 year): -41.40 percent

Country: UK

Market-Cap: $25.75 billion

Price: $10.05

Performance (1 year): -37 percent

Country: South Africa

Market-Cap: $2.75 billion

Price: $4.80

Performance (1 year): +2.7 percent

Country: Bermuda

Market-Cap: $311 million

Price: $0.66

Performance (1 year): -34.65 percent

Country: South Africa

Market-Cap: $1.4 billion

Price: $3.70

Performance (1 year): -1 percent

Country: Switzerland

Market-Cap: $66.7 billion

Price: $10.20

Performance (1 year): -16.50 percent

Country: Canada

Market-Cap: $10 billion

Price: $17

Performance (1 year): -16.70 percent

Country: Canada

Market-Cap: $2.50 billion

Price: $4.30

Performance (1 year): 15.9 percent

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 necessarily 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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