Mining stocks

Screening Filters

1. Market Cap ≥ $1,000,000,000

   • Purpose: Focus on larger, more established mining companies.
   • Rationale:
     • The query is broad (“mining stocks”), and large-cap and mid-cap names are typically the core of the investable mining universe.
     • Larger miners tend to have more diversified assets, better access to financing, and more stable operations than tiny exploration plays.

2. Monthly Average Dollar Volume ≥ $300,000

   • Purpose: Ensure the stocks are reasonably liquid and tradable.
   • Rationale:
     • Mining sectors are full of illiquid micro-caps and exploration juniors. These can be hard to trade without moving the price.
     • A minimum dollar volume helps surface stocks where you can enter and exit positions more easily and get prices closer to quoted bids/asks.

3. Beta: LowRisk, ModerateRisk, HighRisk, NegativeBeta

   • Purpose: Allow a wide range of risk profiles instead of restricting volatility.
   • Rationale:
     • Mining is inherently cyclical and often volatile; limiting beta too tightly might exclude many relevant names.
     • Including all major beta categories (including negative beta) keeps the universe broad while letting you later choose based on your own risk tolerance.

4. Industry: Metals & Mining, Coal, Uranium

   • Purpose: Directly target companies whose primary business is mining.
   • Rationale:
     • “Metals & Mining” captures base metals (copper, iron ore, nickel, etc.) and many precious metals miners.
     • “Coal” and “Uranium” add specific mining sub-sectors that may not always be fully captured under generic “Metals & Mining” tags.
     • This ensures we’re not pulling in related businesses (like equipment manufacturers or traders) and are focusing on actual miners.

5. Themes: Gold Mining and Precious Metals, Mining, Uranium

   • Purpose: Reinforce that the companies are mining-focused, not just tangentially in the industry.
   • Rationale:
     • Thematic tags help catch companies whose primary business model and investor story is “mining,” especially gold and precious metals, which are major parts of the sector.
     • Combining “Mining” and “Uranium” themes helps capture both diversified and niche miners that might be tagged differently by industry classification alone.

6. EPS (TTM) ≥ 0

   • Purpose: Filter for miners that are at least breaking even or profitable on earnings.
   • Rationale:
     • Many early-stage miners and explorers are loss-making for long periods; this filter tilts results toward operators with functioning, revenue-generating mines.
     • This aligns with a more conservative approach to “mining stocks,” focusing on businesses with demonstrated earning power rather than pure exploration risk.

7. Net Margin ≥ 5%

   • Purpose: Require a basic level of profitability, not just positive EPS.
   • Rationale:
     • A minimum net margin suggests the company is not only generating earnings but doing so with some efficiency and cost control.
     • In a capital-intensive, cyclical industry like mining, a positive margin buffer is important for surviving commodity downturns.

Why Results Match:

• The industry and theme filters explicitly target companies whose core business is mining (metals, coal, uranium, precious metals), matching the user’s request for “mining stocks.”
• The market cap and liquidity filters focus on more established, tradable names, making the results more practical for most investors.
• The profitability filters (EPS ≥ 0 and net margin ≥ 5%) ensure the list leans toward operationally successful miners rather than highly speculative exploration plays.
• The broad beta selection keeps the universe inclusive across different risk levels while still centered on the mining sector.