Canadian Mining Stocks: Buy, Sell or Hold?

The Canadian mining sector hasn’t exactly been doing well lately. These stocks had a rough year in 2023, with a strong start only to lose all their gains, falling into negative territory as of writing. Prices of commodities and natural resources soared in the beginning due to war in Ukraine, with a 27% gain in Canadian mining stocks. However, by mid-April, higher interest rates were put into action to combat inflation. This weighed heavily on a sector reliant on debt. Now, Canadian mining stocks have fallen significantly.

But does this mean you should get out, or get in on a deal? Let’s look at reasons to buy, sell, or hold this sector.

Buy

Canadian mining stocks do offer diversification for your portfolio. They can help diversify holdings and reduce overall risk by introducing assets that may not always move in sync with the broader market. It also provides exposure to different and rising commodity…