Source: Shutterstock
Year-to-date (YTD) Change: 62.8%
Our first stock for the day comes from the other side of the Atlantic. It is the multinational mining giant Antofagasta, a member of the U.K.’s main index, the
FTSE 100.
The group is the owner-operator of four copper mines in Chile, the largest copper producer worldwide. Thus, an investment in ANFGF shares is also a bet on the price of the metal. In early 2020, the price of the red metal saw multi-year lows. But since then, a sharp rebound has meant copper is now around $3.60 per pound, or at multi-year highs.
Similarly, Antofagasta stock is up about 60% year-to-date. Put another way, the proverbial $1,000 invested in the stock in early January would now be worth over $1,600.
2 ETFs For Dow Dividend Dogs Seeking Passive Income In 2021
investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
2 ETFs For Investing In Industrial Metals As Economies Recover
investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.