Best Performing ASX200 stocks in 2022

Wondering who led the pack in the local stock market in the past financial year? We take a look at the 10 best performing ASX 200 stocks of 2021-22.

The past year saw the ASX 200 fall by 9.5%. However, some standout shares bucked the trend by not only making a return, but a very strong return at that. Interestingly, all but one of the companies in the top ten are mining and resource companies. This stands-to-reason as the Energy sector, which includes all companies whose primary business centres around oil, gas and coal, rose by roughly 18%. So, without further ado, here are the top performing shares of FY 21-22.

1) Core Lithium (ASX: CXO) 306%

As the name suggests Core Lithium is an Australian lithium producer. The company has a number of projects around Australia. However, their main project, Finniss Lithium Project, is based close to Darwin Port in the Northern Territory. In recent years, lithium has been in high demand mainly due to its use in batteries for electric devices, particularly electric cars.

2) Stanmore Resources Ltd (ASX: SMR) 185%

Stanmore Resources is one of Australia’s largest suppliers of metallurgical coals to global markets with four major coal-producing assets, including the Isaac Plains Complex, and Poitrel and South Walker Creek coal mines, and a 50% interest in Millennium and Mavis Downs Mine. Stanmore Resources listed on the Australian Stock Exchange (ASX) in 2009, and is headquartered in Brisbane.

3) Yancoal Australia Ltd (ASX: YAL) 172%

Yancoal Australia Ltd. is a coal producer with mines in New South Wales, Queensland and Western Australia. In 2020, the company produced 38.3 million tonnes of saleable coal for export into international markets. Yancoal is majority owned by Chinese company Yankuang Energy Group Company Limited and therefore is listed on the ASX as well as the Hong Kong Stock Exchange (HKSE: 3668).

Related Article: 3 experts pick their top ASX dividend stocks to watch in 2022

4) Whitehaven Coal Ltd (ASX: WHC) 148%

Whitehaven Coal is a mining company that produces metallurgical and thermal coal for export to countries across North and South East Asia. The company has four mines, three open cut and one underground. Their plans to expand their Narrabri mine has been met with backlash and now the company is facing legal action.

5) Grange Resources Ltd (ASX: GRR) 114%

Grange Resources is an Australian producer of iron ore pellets that has been operating for over 50 years. Iron ore pellets are used in the production of steel. They are made with technology that uses the powder that is generated during the ore extraction process, which was traditionally discarded. The mining company has two operations in Tasmania and one in Western Australia.

6) New Hope Corporation (ASX: NHC) 93%

New Hope has operations spanning coal mining, exploration, port operation, oil, agriculture, innovative technologies and investment. Currently, the company has two open cut coal mines, one in the Darling Downs and one in the Hunter Valley.

7) Coronado Global Resources (ASX: CRN) 90%

Founded in 2011, Coronado Global Resources is a leading producer of high-quality metallurgical coal, which is essential in steel production. The company’s operations are located in the Bowen Basin in Queensland, Australia and the Central Appalachian region of the U.S. Coronado’s coal is exported to the Asia-Pacific region, Americas and Europe.

8) Graincorp Ltd (ASX:GNC) 85%

Graincorp is an agribusiness that claims to be leading the way in sustainable agriculture. The company is involved in the storage of processing, handling and storage of grains and oilseed. Graincorp exports their products to over 50 countries and has overseas offices in Singapore, Beijing, Shanghai and Delhi.

9) Allkem Ltd (ASX: AKE) 60%

Allkem, headquartered in Buenos Aires, produces and develops lithium and borate products. Recently, demand for their product has grown significantly, leading the company to expand on an international scale and create better product flexibility. Allkem is listed on both the ASX and the Toronto Stock Exchange.

10) Pilbara Minerals (ASX: PLS) 57%

Pilbara Minerals is the third lithium producer to make the top ten list and could speak to the demand of lithium and its popularity among investors. Pilbara Minerals claims to be well-positioned to be a major player in the growing lithium supply chain. Their biggest project is the Pilgangoora Project, located in Western Australia’s resource-rich Pilbara region.

Correct as of 6/07/22. Figures taken from Yahoo Finance from 1/07/21 – 30/06/22. Only includes companies that have been trading for the entire period. Past performance is not an indicator of future performance. 

Should you buy shares?

Some stocks have had an astronomical rise in share price, but that’s not always the case. It is important to bear in mind that past performance does not indicate future performance. Before investing in stocks consider your own personal circumstances, investment strategies and goals. If ever in doubt, consider seeking the advice of a professional financial advisor.

Cover image source: LookerStudio(Shutterstock.com)