11 Platinum Stocks to Help Your Portfolio Shine

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 |  Includes: AAUKY, AGPPY, AQPBF, ATL, IMPUY, JUBPF, LNMIY, NILSY, NMPNF, PAL, SWC
by: Stockerblog

I remember back in 1995 and 1996, gold and platinum were both selling for around $400 an ounce. Now gold is selling for around $972 per ounce, a a little more than double. Yet platinum is now over $2,000 per ounce, a quintupling in price.

Platinum has the following characteristics:

  • It is thirty times rarer than gold.
  • The top producer is South Africa, then Russia, then Canada.
  • There is a large amount of platinum on the Moon.
  • Platinum complexes are used in the treatment of cancers.
  • King Louis XV of France declare it the only metal fit for a king.
  • It is used in the manufacture of jewelry, electronics, dentistry, lab equipment, and automobile emissions controls.
  • Here are some stocks that participate in the mining of platinum:

  • Anglo American PLC (AAUK) which trades on NASDAQ, is a miner of platinum, gold, diamonds, coal, and industrial minerals. The stock has a P/E of 12, a forward P/E of 19, and pays a yield of 2.6%. It has a market cap of $86 billion.

  • Anglo Platinum (OTCPK:AGPPY) produces platinum, palladium, rhodium, ruthenium, iridium and osmium. It has a market cap of $37 billion, and a net profit margin of 24%.

  • Anooraq Resources Corporation (ANO) is a Vancouver, Canada-based mining company involved in the exploration of platinum group metals in South Africa. The company recently reported diluted earnings per share of negative $0.03 per share.

  • Aquarius Platinum (OTC:AQPBF) mines for platinum, palladium, rhodium and gold in South Africa and Zimbabwe. The stock has a market cap of over $4 billion, and a P/E of 18.7.

  • Impala Platinum (OTCQX:IMPUY) is a miner of platinum group metals, also known as PGMs, including platinum, palladium, rhodium, ruthenium, and iridium. It operates in South Africa and Zibabwe. This company, which has a $26 billion market cap, has a 28% profit margin.

  • JSC MMC Norilsk (OTCPK:NILSY) is a Russian miner of platinum, palladium, copper, nickel, cobalt, rhodium, silver, gold, tellurium, selenium, iridium and ruthenium. The market cap is $56 billion, and the net profit margin is over 49%.

  • Lonmin PLC (OTCPK:LNMIY) is a South Africa-based miner of platinum group metals. They have a market cap of almost 11 billion and a PE of 34.

  • North American Palladium (NYSEMKT:PAL) which trades on the American Stock Exchange , mines for palladium, platinum, gold, copper and nickel. The stock had negative earnings per share of $0.46 per share, with a market cap of $383 million.

  • Northam Platinum Pty (OTC:NMPNF) mines for platinum, palladium and rhodium in South Africa. The stock has a net profit margin of 31.5%.

  • Stillwater (NYSE:SWC) which trades on the New York Stock Exchange, is based and operates in Montana. It mines, refines, and sells palladium and platinum. The stock has a forward P/E of 16.

  • Jubilee Platinum (OTCPK:JUBPF) is a London-based company that explores for platinum and other minerals. The stock has a $73 million market cap.

  • Disclosure: The author does not own any of the above.