3 Top Commodity Stocks to Buy in 2017
Commodity stocks aren't for the faint of heart... you need to be able to hold your nerves through business cycles if you own them. But for those who can stomach the volatility, commodity stocks could reap rich returns in the long run.
Choosing which commodity stocks to invest in, however, can be a daunting task, as commodities include a whole gamut of natural resources like precious metals, oil, and coal, base metals like copper and iron ore, agricultural commodities, rare earth metals, and even minerals like uranium and lithium, leaving you with hundreds of stocks from which to cherry-pick. To make things a bit easier for you, I've selected BHP Billiton (NYSE: BHP), Franco Nevada Corp (NYSE: FNV), VanEck Vectors Agribusiness ETF (NYSEMKT: MOO) as three commodity stocks you could consider right now. Here's why.
BHP Billiton is one of the most diversified commodity stocks. The company mines iron ore, metallurgical coal, copper, zinc, nickel, and potash, among others. And that's not all: BHP is also an oil and natural gas producer. BHP Billiton is, in fact, among the world's top producers of most of these commodities, which means you essentially own a stake in an industry leader when you're buying BHP Billiton stock.
Source: Fool.com
Franco-Nevada Corp. Stock
The community is currently still undecided about Franco-Nevada Corp. with 2 Buy predictions and 0 Sell predictions.
With a target price of 230 € there is a slightly positive potential of 10.21% for Franco-Nevada Corp. compared to the current price of 208.7 €.
