The alternative energy industry relies on traditional mining to produce metals used in solar panels, battery cells, electronic controllers, turbines, and other parts and devices. First Quantum Minerals Ltd. (OTC: FQVLF) is a bargain alternative pick for July. It engages primarily in the exploration and extraction of copper, nickel, gold, zinc, and acid, all of which are essential to a clean energy future.
This Canadian company generates strong revenue performance and has reported consistent growth over the previous five fiscal years. In 2019, total revenue was $5.34 billion, an impressive increase over the $3.38 billion that was generated five years ago. The company operates with a gross profit margin of 17.72% and an even stronger EBITDA margin of 38.58%.
First Quantum revenue and earnings in the coming years are expected to continue to grow, especially as demand for metals like gold, copper and nickel continues to increase. This stock trades at a bargain price today, and there’s even potential for dividends within the next two years as the company returns value to shareholders. It’s most recent dividend yield was 0.09%. While small, it’s still valuable income for any alternative portfolio. There’s momentum behind this stock and with a 52-week peak of $10.76, there’s still a likely upside on the horizon.
- 1 Year Price Growth: 86%
- YTD Price Growth: -18.38%
- 3 Month Price Growth: 37%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.