John Feneck is a veteran investment advisor with an overwhelming presence in the precious metals industry. With over 19 years of experience evaluating precious metals equities for mutual funds as a research analyst, his insights into gold, silver, and copper stocks are highly regarded. Feneck’s analysis rings even more pertinent now, with the global economy on edge due to COVID-19. Here are 10+ stocks that he’s currently bullish on, signaling potentially lucrative investment opportunities.
At the forefront of Feneck’s Bullish list in the context of Gold is Newcrest Mining Ltd. (ADR) (OTC: NCMGF). This Australian gold mining behemoth, which has scored some major successes by reducing operational costs and boosting gold production, remains a favorite among experts, including Feneck. As per his evaluation, Newcrest promises an exciting investment opportunity through its well-diversified, global operational footprint.
Turning the magnifying glass to silver stocks, Endeavour Silver Corporation (NYSE: EXK) wins Feneck’s confidence. Despite its market lows in mid-2020, Endeavour Silver has made a significant recovery, resulting from improved gold and silver prices and refined production ratios. Feneck acknowledges its promising investment opportunity due to its flexibility to expand production as market conditions improve.
Among larger-market-capitalization companies, Feneck is bullish on Silver Wheaton Corp. (NYSE: SLW). It primarily operates as a silver streaming company, offering contracts to mining companies. Feneck believes in its robust growth potential, given its unique business model and ability to capitalize on the increasing demand for silver.
Southern Copper (NYSE: SCCO), meanwhile, is under Feneck’s watchful eye as a key player in the copper realm. Its solid production capabilities and stable cash flows reinforce its appeal for Feneck. He describes it as a “core copper position” close to its 52-week high price levels, enhancing its appeal.
Another top-runner in Feneck’s list is Freeport-McMoRan (NYSE: FCX), a premier publicly traded copper company. Once again, the economic prognosis is positive thanks to FCX’s robust portfolio of long-lived, geographically diverse assets with significant proven and probable reserves of copper.
In the junior mining stock sector, Great Bear Resources (OTC: GTBAF) draws attention from Feneck. It occupies a unique position in this sector with Red Lake District mining real estate, a region renowned for its high-grade gold deposits. Feneck is bullish on its proliferating discovery potential, anticipating lucrative returns.
Also, on Feneck’s watchlist is Turquoise Hill Resources (NYSE: TRQ). This Canadian mineral exploration and development company has recently updated its Oyu Tolgoi underground plan, projecting a decent increase in its gold and copper production levels, reflecting positive prospects for the future.
These are just a handful of companies that Feneck is monitoring and considering for investment. It reflects investor confidence in the mining sector, particularly with gold, silver, and copper stocks. In these volatile economic times, Feneck’s skilled insights can potentially help in identifying opportunistic investments areas. As an experienced analyst, he understands the betting value of these minerals and their demand-supply dynamics. His bullish stance on these companies serves as an indication of the prospective growth in the precious metal mining industry.
