Palladium is one of the rarest metals in the world, so much so that it’s 30 times rarer than gold. It’s also used in a variety of major industries like the automotive industry for instance giving it the perfect combination of rarity and utility. So, what are some of the best palladium stocks to buy now? Let’s dive in.
Best Palladium Stocks
Platinum Group Metals Ltd (NYSE: LPG)
Headquartered in Vancouver, Canada, Platinum Group Metals Ltd is a mining company primarily focused on the exploration of platinum group metals which include platinum, rhodium, and palladium in South Africa.
Platinum Group Metals Ltd has a 37.5% in its flagship Waterberg project which is also its primary asset.
The Waterberg project is an underground mine that is said to have >12 million ounces of Palladium.
The Canadian-based company runs this joint venture with Impala Platinum Holdings and Japan, Oil, Gas Metals Corporation (JOGMEC).
In March, the company announced the completion of its infill drill program at the Waterberg project.
The data gotten from this program will be used to efficiently manage the resources of the Waterberg project which is to become one of the largest platinum group metals mines in the world.
For investors looking to earn in the long run, Platinum Group Metals is one stock to watch.
LPG is roughly trading at $1.45 as of March with a $142.56 million market cap.
Sibanye-Stillwater (NYSE: SBYSF)
Sibanye-Stillwater, formerly recognized as Sibanye Gold, not only stands as a leading global producer of platinum and palladium but also ranks among the largest mining companies in South Africa.
Although its establishment dates back to only 2013, the company has grown quickly as a result of numerous mergers and acquisitions.
Most notably, its 2019 acquisition of Lonmin transformed and ramped up the company’s platinum production.
Sibanye-Stillwater has a market cap of $5.8 billion, and its stock is currently trading at about $8, providing a dividend yield of 7.10% and an annual payout of $0.27.
The company’s diversified portfolio of mining assets includes platinum group metals, gold, and uranium.
It has operations in South Africa and Columbus, MT, with a focus on ethical and environmentally friendly mining methods.
Its strong financial position, a wide range of mining assets, and commitment to sustainability make it an attractive investment opportunity in the palladium market.
Anglo American Platinum (OTCMKT: ANGPY)
Anglo American Platinum is a South African mining company that was founded in 1995 and is a subsidiary of the multinational mining company Anglo American, which was founded in 1917.
Over the years, Anglo American Platinum has invested heavily in research, leading to the successful development of innovative mining technologies and processes that foster safety and efficiency.
Concluding the year with a December 2022 revenue of $2.1 billion, Anglo American Platinum Limited cemented its status as the most prominent producer of platinum group metals worldwide.
Currently trading at $9.06 per share, the company has a market cap value of approximately $14 billion.
Anglo American Platinum currently offers a dividend yield of 11.0%.
This makes it an attractive prospect for investors looking to earn regular income from their investments.
The company has a diversified portfolio of mining assets across South Africa, Zimbabwe, and Canada.
For investors who are looking to capitalize on the palladium industry, the company presents a robust investment opportunity due to its solid financials, high-quality assets, and dedication to innovation.
Impala Platinum Holdings (OTCMKT: 0S2J)
Impala Platinum Holdings, also known as Implats, was founded in 1924 as a mining company in South Africa.
The company has a diversified portfolio of mining assets across South Africa and Zimbabwe, with a focus on platinum group metals.
Impala Platinum Holdings Ltd. is also committed to sustainable mining practices and has invested in technologies to reduce its carbon footprint.
In 2002, Impala became the first platinum mining company to be listed on the London Stock Exchange, opening it up to foreign investments.
Currently, Impala ranks among the world’s foremost producers of platinum group metals.
Impala Platinum Holdings reported a $2.109 billion yearly net income decline in 2022, representing a 31.23% drop from the previous year.
However, it should also be acknowledged that the company’s net income increased significantly in both 2020 and 2021, with figures of $1.034 billion and $3.066 billion, respectively.
IMPUY is currently trading at about $9 on the London Stock Exchange and over the counter with a market cap of $7.94 billion.
It also offers an annual dividend yield of 8.7% and an annual dividend payout of $1.22
While the decline in net income for 2022 may be a concern, it is worth noting that the company has seen strong growth in the past few years, and the demand for palladium is expected to remain high.
A-Mark Precious Metals (NASDAQ: AMRK)
Established in 1965 in Los Angeles, California, A-Mark started out as a coin shop but has since expanded into trading precious metals like gold, silver, platinum, and palladium bullion.
What sets A-Mark apart is its innovative approach to precious metals investment products. It offers an online trading platform for precious metals and even produces customized silver rounds.
It’s no wonder that the company has experienced significant growth, with a reported annual revenue of $8.16 billion in 2022, making it one of the largest trading companies globally.
Currently trading at around $29, A-Mark has a market capitalization of $0.69 billion.
Shareholders stand to earn a solid income as A-Mark is a dividend stock with a strong yield of 2.79% and an annual payout of $2.4
It’s important to note that A-Mark’s primary focus is on trading precious metals, but the company also provides financing and logistical support to its clients in the industry.
Northam Platinum Holdings Limited (OTCMKT: NPH)
Northam Platinum Holdings is a South African mining company that specializes in producing platinum group metals, such as platinum, palladium, rhodium, and gold.
It was established in 1990 and later listed on the Johannesburg Stock Exchange in 2007, providing access to funds for growth and development.
In the 1980s, the company acquired the Zondereinde mine, which is considered one of the deepest underground mines in the world and has become its flagship operation.
Northam Platinum Holdings has since broadened its portfolio, acquiring strategic assets such as the Eland Platinum mine and the Tumela and Dishaba mines from Anglo American Platinum.
The company has a market capitalization of $3.2 billion, with shares trading at approximately $8.
In its 2022 annual report, Northam Platinum Holdings generated around $1.8 billion, highlighting a 4.4% increase in annual revenue from the previous year.
New Age Metals Inc. (OTCMKT: NAM)
New Age Metals Inc., previously known as Pacific Northwest Capital Group, is a well-known Canadian-based mining company.
It specializes in the exploration and development of mining properties that produce platinum group metals (PGM), precious metals, and base metals in Canada.
New Age Metals Inc. has a 100% interest in two significant projects, namely the River Valley Palladium project located in the Dana and Pardo townships of Northern Ontario, and the Genesis polymetallic project located in Southcentral Alaska.
Additionally, the company has interests in eight lithium projects located northwest of Winnipeg, Manitoba.
This indicates the company’s diversification strategy to explore multiple resources for future growth and profitability
As of the current market data available, New Age Metals Inc. has a market capitalization of $10.52 million, with shares trading at an estimated $0.0452.
The company has emerged as a credible participant in the Canadian mining industry by virtue of its multifaceted portfolio of mining projects and an extensive track record spanning back to 1996.
Are Palladium Stocks a Good Investment?
Palladium is a rare and valuable metal that is used in a variety of industries, including electronics, jewelry, and automotive manufacturing.
Palladium prices tend to be more stable than other metals, making it a great commodity to invest in from a safety and capital appreciation point of view.
In electronics, palladium is used to make computer chips and other components.
In jewelry, palladium is used to create high-end pieces, so investors interested in luxury goods can benefit from the stability that palladium provides.
It is also used in automotive manufacturing to make catalytic converters making it a key facet of the automotive industry.
In summary, palladium is an integral part of a slew of key industries, making it a smart choice for any investor looking for a secure and reliable investment.
And in that regard, we consider palladium stocks to be good investments, primarily because they offer investors exposure to palladium without having to own the commodity.
What Company Produces The Most Palladium?
As of 2023, Sibanye-Stillwater is one of the world’s largest palladium producers.
Where Can I Invest In Palladium?
You can invest in palladium stocks through a regular brokerage account and you can buy palladium and other precious metals directly from precious metals dealers.