Best Diamond Stocks Right Now • Updated Daily • Benzinga
Bookmark Jewelers (XNYS:GIS)
Signet Jewelers Ltd is a diamond jewelery retailer. Its merchandise range includes bridal, fashion, watches and others. The bridal category includes engagement, wedding and anniversary purchases. Its segments are North America segment, International segment and Others segment. The North America segment contributes the majority of revenue.
|Range of days74.950 – 76.420||52 week range48.305 – 88.435||Open close75,540 / 76,000||Floating / Exceptional20.971M / 45.437M|
|Vol/Avg.372.057K / 806.798K||Market cap3.451B||PER11,742||50d Avg. Price68.020|
|Div / Yield0.800 / 1.06%||The payout ratio12.110||Full float20.971M||PES–|
gem diamonds (COO:GMDMF)
Gem Diamonds Ltd is a United Kingdom-based company engaged in the exploration and development of diamond mines. The Company’s geographic segments include Lesotho (Diamond Mining Activities); Belgium (sales, marketing and manufacturing of diamonds); and BVI, RSA, UK and Cyprus (technical and administrative services). It generates maximum revenue from the Belgium region. Its projects include Letseng Diamond Mine and Ghaghoo Diamond Mine.
|Range of days– – –||52 week range0 – 0.910||Open close– / –||Floating / Exceptional– / 139.403M|
|Vol/Avg.0 / 290,000||Market cap13.940M||PER1.120||50d Avg. Price0.100|
|Div / Yield0.027 / 27.0%||The payout ratio30.240||Full float–||PES–|
Mountain Province Diamond (COO:MPVDF)
Mountain Province Diamond is a Canadian diamond company. The company combines the exploration, mining and marketing of natural rough diamonds from the Northwest Territories of Canada.
The diamond stock has a market capitalization of $56 million. He trades more than 16,000 stocks a day. Mountain Province Diamond generated $276 million in revenue in 2019.
|Range of days0.468 – 0.473||52 week range0 – 0.790||Open close0.470 / 0.473||Floating / Exceptional172.183M / 210.909M|
|Vol/Avg.76.583K / 49.419K||Market cap99.823M||PER0.459||50d Avg. Price0.420|
|Div / Yield– / -%||The payout ratio–||Full float172.183M||PES–|
Rio Tinto (COO:RTNTF)
Rio Tinto researches and mines a variety of minerals around the world, with the highest concentrations in North America and Australia. Iron ore is the dominant commodity, with significantly smaller contributions from aluminum, copper, diamonds, gold and industrial minerals. The 1995 merger of RTZ and CRA, via a dual listing structure, created the current company. Both operate as a single business entity. The shareholders of each company have equivalent economic and voting rights.
|Range of days91.070 – 91.070||52 week range0 – 94.250||Open close91.070 / 91.070||Floating / Exceptional371.144M / 1.621B|
|Vol/Avg.210,000 / 781,000||Market cap147.613B||PER8.307||50d Avg. Price69.210|
|Div / Yield6.831 / 7.57%||The payout ratio74.050||Full float371.144M||PES–|
Anglo American’s mining portfolio spans many commodities and continents. Like other large diversified miners, Anglo has significant exposure to copper, coal and iron ore, but is unique in its significant production of platinum. The company accounts for around a third of the world’s platinum supply and just over 20% of the palladium supply. Anglo also owns 85% of De Beers, most years the world’s largest supplier and distributor of rough diamonds.
|Range of days21.820 – 22.272||52 week range13,720 – 27,800||Open close22.270 / 22.170||Floating / Exceptional-/2.675B|
|Vol/Avg.169.855K / 188.459K||Market Cap59.308B||PER7.886||50d Avg. Price20.210|
|Div / Yield1.210 / 5.37%||The payout ratio50.610||Full float–||PES–|
Diamond stock performance hasn’t been the best in recent years for investors. However, these stocks are expected to rise in the future. Want in the game as the diamonds start to sparkle? Start with our list of the best diamond stocks.
Quick overview of the best diamond stocks
- Signet Jewelry Ltd
- Gem Diamonds Ltd
- Mountain Province Diamond
- Rio Tinto
Overview: Diamond Stocks
The United States is one of the world’s largest consumers of diamonds. It spent $20.2 billion on diamonds in 2019, representing 19.2% of the global market share. About 46% of rough diamonds are destined for industrial purposes, while 19% are used as polished gem-quality mineral stones.
At the end of 2019, diamond stock prices were at rock bottom, with some diamond stocks falling into sub-$5 stocks.
In 2020, things looked worse for the diamond industry. The pandemic has affected the Chinese diamond market, which accounts for 15% of global demand. Aftershocks from the pandemic could continue to negatively affect market demand for diamonds.
Diamond stocks should have a bullish outlook going forward. Enter ground level with our recommended online brokers and top picks for diamond stocks.
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Features To Look For In Diamond Stock
The diamond stock was overlooked due to the lack of price transparency. But it is again considered a viable investment with risks.
A lot of time passes between the exploration phase and the commercial production phase. During this time, diamond stocks can fluctuate. But companies that find mineable diamonds in large quantities can make huge profits.
It is important to learn how to reduce your risk when investing in diamond stocks. Find those stocks with high-quality reserves, well-established mines, and profit potential.
Consider these factors when looking for the best stocks:
- Earnings per share (EPS): EPS is calculated by dividing a company’s earnings by the outstanding shares of the company’s common stock. The EPS shows the profitability of a company. Higher EPS means higher profitability. Companies report EPS after adjusting for extraordinary conditions.
- Time series length indicates how many years a company has been listed on the stock exchange. More years show more credibility.
- Liquidity: It is the ability to buy or sell an asset without affecting its market price. Look at the average equity trading volume. The average trading volume of the shares must be at least 100,000.
Don’t look at the market price of diamonds when looking at the best diamond stocks. There are stocks that move before market. Benzinga can also recommend some of the best stocks under $10 and stocks under $20.
Plug into diamond stocks
It is obvious that Rio Tinto stands out as the best stock of diamonds. But the trend of all these stocks affected by global currencies is sensitive to the US dollar. A decline in the value of the dollar creates a better financial environment for diamond mining companies. If there were to be an upward trend in the value of the US dollar, these stocks would likely be affected.
Diamond shares are shares of a company related to the diamond industry.
Are diamond stocks a good investment?
Diamond stocks are considered a good long-term investment.
What are the best diamond stocks?
You can find a list of the best diamond stocks above.
Continue reading: TOP PLATINUM STOCKS