4 Liquid Industrial Metals & Minerals Stocks That Are Projected To Grow

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 |  Includes: AUMN, MUX, TGB, UEC
by: ZetaKap

Money is often the key ingredient for successful businesses. It is what allows management to implement new strategies, make acquisitions, and employ innovation. Without money, ideas often remain ideas. With this in mind, we searched for industrial metals and minerals stocks with substantial cash reserves and are projected to grow. Liquidity is an especially helpful trait when a company has growth on the horizon. It can be the source of funding to fuel the growth objectives. If stocks of this nature interest you, then you will like our list below.

The Current ratio is a liquidity ratio used to determine a company's financial health. The metric illustrates how easily a firm can pay back its short obligations all at once through current assets. A company that has a current ratio of one or less is generally a liquidity red flag. Now this doesn't mean the company will go bankrupt tomorrow, but it also doesn't bode well for the company, and may indicate that it could have an issue paying back upcoming obligations.

The Quick ratio measures a company's ability to use its cash or assets to extinguish its current liabilities immediately. Quick assets include assets that presumably can be converted to cash at close to their book values. A company with a quick ratio of less than 1 cannot currently pay back its current liabilities. The quick ratio is more conservative than the current ratio because it excludes inventory from current assets, since some companies have difficulty turning their inventory into cash. If short-term obligations need to be paid off immediately, sometimes the current ratio would overestimate a company's short-term financial strength. In general, the higher the ratio, the greater the company's liquidity (i.e., the better able the company is to meet current obligations using liquid assets).

EPS growth (earnings per share growth) illustrates the growth of earnings per share over time. The 1-Year Expected EPS Growth Rate is an annual growth estimate, where the growth projections are made by analysts, the company or other credible sources.

We first looked for industrial metals and minerals stocks. We then screened for businesses with a large amount of cash on hand (Current Ratio>2)(Quick Ratio>2). We then looked for companies with estimated high-growth, with 1-year projected EPS growth above 25%. We did not screen out any market caps.

Do you think these stocks are undervalued and have room to trade higher? Use our list to help with your own analysis.

1) Uranium Energy Corp. (NYSEMKT:UEC)

Sector Basic Materials
Industry Industrial Metals & Minerals
Market Cap $212.00M
Beta 2.32
Click to enlarge

UEC stock chart

Key Metrics

Current Ratio 6.27
Quick Ratio 5.42
1-Year Projected Earnings Per Share Growth Rate 121.70%
Short Interest 17.09%
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Uranium Energy Corp. engages in the exploration and development of mineral properties in the United States and Paraguay. The company primarily explores for uranium. As of July 31, 2011, it had mineral properties covering 41,225 acres located in the States of Arizona, Colorado, New Mexico, Texas, and Wyoming; and 247,000 acres located in the area of Coronel Oviedo, Paraguay. The company was formerly known as Carlin Gold Inc. and changed its name to Uranium Energy Corp. in January 2005. Uranium Energy Corp. was founded in 2003 and is based in Vancouver, Canada.

2) Golden Minerals Company (NYSEMKT:AUMN)

Sector Basic Materials
Industry Industrial Metals & Minerals
Market Cap $201.79M
Beta 9.97
Click to enlarge

AUMN stock chart

Key Metrics

Current Ratio 2.62
Quick Ratio 2.21
1-Year Projected Earnings Per Share Growth Rate 184.10%
Short Interest 15.27%
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Golden Minerals Company engages in the exploration and development of precious metals and other mineral properties in Mexico and South America. The company explores for gold, silver, copper, zinc, and lead ores, as well as base metals. It primarily owns and operates Velardena and Chicago properties located in the State of Durango, Mexico. The company also owns 100% interest in the El Quevar silver exploration project that comprises 32 concessions totaling approximately 55,000 hectares located in the province of Salta, Argentina. In addition, it owns and controls 80 exploration properties located primarily in Mexico and South America. The company was formerly known as Apex Silver Mines Limited and changed its name to Golden Minerals Company on March 24, 2009 as a result of reorganization. Golden Minerals Company was founded in 1996 and is headquartered in Golden, Colorado.

3) Taseko Mines Ltd. (NYSEMKT:TGB)

Sector Basic Materials
Industry Industrial Metals & Minerals
Market Cap $548.11M
Beta 2.16
Click to enlarge

TGB stock chart

Key Metrics

Current Ratio 4.96
Quick Ratio 4.54
1-Year Projected Earnings Per Share Growth Rate 411.10%
Short Interest 0.79%
Click to enlarge

Taseko Mines Limited, a mining company, engages in the acquisition, exploration, development, and operation of mineral properties in Canada. It holds a 75% interest in the Gibraltar copper-molybdenum mine covering approximately 113 square kilometers located in south-central British Columbia; and the New Prosperity project consisting of a mineral lease and 37 mineral claims covering the mineral rights for approximately 94.9 square kilometers southwest of the City of Williams Lake, British Columbia. The company also owns interests in the Aley project consisting of 104 contiguous mineral claims covering 43.3 square kilometers located in northern British Columbia; and the Harmony gold project comprising 58 mineral claims and 177 square kilometers located in the north-western coast of British Columbia. Taseko Mines Limited was founded in 1966 and is headquartered in Vancouver, Canada.

4) McEwen Mining Inc. (NYSE:MUX)

Sector Basic Materials
Industry Industrial Metals & Minerals
Market Cap $721.85M
Beta 0.22
Click to enlarge

MUX stock chart

Key Metrics

Current Ratio 5.55
Quick Ratio 5.46
1-Year Projected Earnings Per Share Growth Rate 53.85%
Short Interest 40.14%
Click to enlarge

McEwen Mining Inc. engages in the exploration for, development of, production, and sale of gold, silver, and copper. It holds interests in various properties located in the state of Nevada, Mexico, and Argentina. The company was formerly known as US Gold Corporation and changed its name to McEwen Mining Inc. in January 2012. McEwen Mining Inc. was founded in 1979 and is headquartered in Toronto, Canada.

*Company profiles were sourced from Google Finance and Yahoo Finance. Financial data was sourced from Finviz on 08/23/2012.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Business relationship disclosure: This article was prepared for ZetaKap Media by one of our full-time analysts. We did not receive compensation for this article (other than from Seeking Alpha), and we have no business relationship with any company whose stock is mentioned in this article.