CAPITAL MARKETS

Aussie stocks among best and worst

Three Australian mining stocks were among the top 15 global performers of 2016, with one in the b...

Kristie Batten

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Revitalised gold stock Resolute Mining was the sixth-best performing stock of 2016, up by 418% over the year.

As well as being the top-performing Australian large-cap stock, it was also the best-performing company in the precious metals space.

If the gold price hadn’t come off late in the year, Resolute would have surely been higher on the list, having been 512% up year-to-date at June 30, 2016.

Galaxy Resources was the second-best Aussie performer, coming in at seventh overall with a 354% jump in 2016.

The company was also one of the top performing stocks of 2015, as it recapitalised and lithium demand started to increase.

The only other ASX stock to make the top performers list was Whitehaven Coal in 12th, which jumped by 271% last year thanks to a resurgent coal price.

Topping the list was Pebble owner Northern Dynasty Minerals, which rose by 583% over 2016.

The next three companies on the list – Jastrzebska Spolka Weglowa, Bumi Resources and Ferrexpo – were all in bulk commodities, while fifth place Teck Resources is exposed to bulks.

Rounding out the list was Kumba Iron Ore, Assore, Ivanhoe Mines, US Steel, Hothschild Mining, Coeur Mining and Adaro Energy.

The single Australian stock to make the worst performers list was Syrah Resources, which was down by a modest 22% for the year.

However, Syrah still managed to raise $A194 million mid-year at a double the share price it closed at for 2016.

Aside from Areva, Nrystar and Oakbay Resources, the rest of the worst-performing list were Asian stocks.

S&P said the top 15 miners all showed gains of more than 200%, whereas in 2015 only two companies did.

The list was based on companies with a market capitalisation of more than $US500 million.

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