Connect with us

Articles

These 7 High-Upside Stocks Belong in Your Portfolio

Navigating the stock market is a difficult task for the inexperienced. The first step in making a successful trade is understanding how prices work and…

Published

on

This article was originally published by Investor Place

Navigating the stock market is a difficult task for the inexperienced. The first step in making a successful trade is understanding how prices work and what they represent. However, one of the best approaches you can take is seeking out high-upside stocks.

It is a value investing approach. A good value investor looks for companies with low prices relative to their intrinsic worth and is willing and able to buy shares when they’re cheap. There is no one-size-fits-all strategy, but intelligent risk management demands caution.

I’m taking a deep dive into high-upside stocks that are looking to break out of this list. But at the same time, all of these companies have solid operating models; these aren’t fly-by-night operations. But a word of caution before moving forward: even the best consensus estimates are just estimates in the end. They can go wrong. It’s very important to make sure the stock that you are interested in actually matches your risk-return profile.

With that in mind, here are seven high-upside stocks to buy:

  • Occidental Petroleum Corp. (NYSE:OXY)
  • Penn National Gaming (NASDAQ:PENN)
  • Fox Corp. (NASDAQ:FOX)
  • ChargePoint Holdings (NYSE:CHPT)
  • Barrick Gold (NYSE:GOLD)
  • Teladoc Health (NYSE:TDOC)
  • Shopify (NYSE:SHOP)

High-Upside Stocks: Occidental Petroleum Corp. (OXY)

Source: bht2000 / Shutterstock.com

TipRanks 12-Month Consensus Price Target: $39.21 (17% upside potential)

Occidental Petroleum is a privately owned company that produces and sells crude oil. The stock of this American multinational corporation has been steadily rising over recent decades due largely to increased sales from its operations in Latin America, especially Colombia.

However, the Covid-19 pandemic was devastating for Occidental Petroleum and other companies in the space. The energy company was already dealing with the $57 billion purchase of Anadarko Petroleum. At the purchase, many analysts questioned the wisdom of accepting so much additional debt to finance the purchase. The pandemic added to the company’s miseries. In response, Occidental is disposing of non-core assets to decrease leverage.

But now, things are getting back to normal, and energy prices are on the move. Therefore, OXY stock has all the potential for a comeback.

Penn National Gaming (PENN)

Penn (PENN) National Gaming logo on the website homepage.Source: Casimiro PT / Shutterstock.com

TipRanks 12-Month Consensus Price Target: $95.33 (26% upside potential)

Penn National Gaming operates casinos and racetracks with 44 facilities spread across America and Canada. It also owns a 36% stake in Barstool Sports company.

Over the last decade, the regional land-based casino operator has done very well, a rare outlier the last year. Penn National Gaming’s revenue for 2020 was $3.579 billion. In 2019, annual revenue came in at $5.301 billion, representing a decrease of 32%.

However, things are doing very well in the year thus far. But by investing in Barstool Sports, the company has carved out a niche in mobile sportsbook betting.

High-Upside Stocks: Fox Corp. (FOX)

The Fox Corporation (FOXA) headquarters in New York City.Source: Leonard Zhukovsky / Shutterstock.com

TipRanks 12-Month Consensus Price Target: $44.50 (13% upside potential)

Fox Corporation has become one of America’s most successful media companies. They produce and license news programs for distribution through cable television systems as well direct broadcast satellite operators.

With advertiser spending rebounding, things are looking pretty good for FOX. Most recently, the company reported record earnings for the fourth quarter and fiscal 2021 financial results. Revenue grew by 20%.

A rise in advertising revenue was seen across all three segments: television (51%), cable network (17%) and other revenues (30%). With the pandemic slowly receding into the background, things will only get better from this period. According to Executive Chairman and Chief Executive Officer Lachlan Murdoch, “We look forward to the year ahead, anticipating the return of normalized sports and entertainment calendars and the start of the midterm election cycle.”

ChargePoint Holdings (CHPT)

CHPT a chargepoint charging stationSource: Michael Vi / Shutterstock.com

TipRanks 12-Month Consensus Price Target: $32.89 (54% upside potential)

ChargePoint operates the largest network of separately owned EV charging stations, active in 14 countries. As the world pivots towards clean energy, companies like ChargePoint stand to benefit immensely. We have already seen President Joe Biden release a comprehensive $2 trillion infrastructure and economic recovery package that has a significant EV component.

To accommodate the expected growth of EVs by 2030, AlixPartners estimates $300 billion is needed to build out global infrastructure, including $50 billion in America, a feat that would take quite some time and effort. But as the Chinese proverb goes, “A journey of a thousand miles begins with a single step.” Under Biden’s infrastructure plan, 500,000 charging devices would be installed in a national EV charging network in America by 2030.

Against this backdrop, ChargePoint, an industry leader, becomes an enticing prospect for any portfolio. Most recently, analysts expected the company to narrow losses to 12 cents apiece. But ChargePoint reported a second-quarter loss of 13 cents. However, sales finished at $56 million — an increase from their prior year’s same quarter by 61% and beating expectations.

Looking ahead, ChargePoint expects revenue between $60 million and $65 million for its third quarter. In addition, the company hiked full-year revenue guidance between $225 million and $235 million, from $195 million to $205 million, for the fiscal year ending January 31, 2022.

High-Upside Stocks: Barrick Gold (GOLD)

Closeup of a large gold nugget. stocks under $10Source: Shutterstock

TipRanks 12-Month Consensus Price Target: $25.79 (31% upside potential)

Barrick Gold is a Canadian multinational mining company that engages in the production and sale of gold and copper and mining-related activities such as exploration for new deposits or mine development on old ones to increase its reserves quantity.

Global miners have been a major hot topic in the investment world this year. Shares of global mining companies skyrocketed to record highs last year. It turns out these stocks were not worth their value, though, as prices fell with international turmoil.

Barrick’s latest EPS figure of 29 cents beat analysts’ expectations by a narrow margin. The company reported revenue of $2.89 billion, which missed estimates of $2.92 billion. Even though gold production fell 9.4% in the second quarter, realized prices rose 5.5%. This is because there were more buyers than ever before, thanks to people who wanted one safe-haven asset during this time of uncertainty caused by pandemic fears and a weakened dollar.

Barrick restated a capital investment plan of $1.8 billion to $2.1 billion on the bright side. The production plan is reaffirmed at 4.4 million ounces to 4.7 million gold ounces and 410 million pounds to 460 million pounds of copper.

Teladoc Health (TDOC)

The Teladoc (TDOC) logo through a magnifying glass.Source: Postmodern Studio / Shutterstock.com

TipRanks 12-Month Consensus Price Target: $200.95 (45% upside potential)

Teladoc Health is multinational telemedicine and virtual healthcare company. They have primary services including, but not limited to, medical opinions via teleseminars or email correspondence, AI-powered analysis on prescription drugs and patient records from various providers such as hospitals or insurance companies.

Last year was a satisfying one for the company. Due to strict lockdowns, patients turned towards telemedicine for their needs. It led to a bonanza for companies like Teladoc, which saw full-year revenue jump 98% year-over-year to $1.1 billion. However, now that things are getting back to normal, there is a fear that a slowdown may occur. In the second fiscal quarter, Teladoc finished with a net loss of $133.8 million, or 86 cents a share, which more than doubled the loss from the year-ago period.

Looking ahead, the company anticipates third quarter revenue between $510 million and 520 million, with a net loss range of 78 cents to 68 cents a pop. For the full year, they guided for $2 billion to $2.025 billion in sales alongside an expected per-share loss range from $3.35 to $3.60.

High-Upside Stocks: Shopify (SHOP)

shopify logo sign on building facadeSource: Beyond The Scene / Shutterstock.com

TipRanks 12-Month Consensus Price Target: $1,709.95 (20% upside potential)

Shopify is the go-to platform for e-commerce stores. It offers secure, reliable and scalable cloud services that enable online retailers to sell their products across different channels with a single click of a button from anywhere in the world.

In announcing second-quarter 2021 financial results, the tech giant, for the first time, achieved a $1 billion revenue quarter on record gross merchandise value (GMV). Total revenue ended up at $1.1 billion, an increase of 57% from the year-ago period. GMV was $42.2 billion, a jump of $12.1 billion or 40% year-on-year. Adjusted net income came in at $284.6 million, or $2.24 per diluted share. These figures compare very favorably with adjusted net income of $129.4 million, or $1.05 per diluted share, last year.

Shopify’s digital commerce trends were very strong in the first half of 2021. It combined the secular growth in e-commerce, stimulus distributed this March and April, and lower than expected operating expenses. As a result, full-year 2021 adjusted operating income is expected to outpace last year’s results.

On the publication date, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence.

More From InvestorPlace

The post These 7 High-Upside Stocks Belong in Your Portfolio appeared first on InvestorPlace.




Author: Faizan Farooque

Articles

Karora Resources Strengthens Board with Appointment of New Australian-based Director Shirley In’t Veld

TORONTO, Dec. 6, 2021 – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce the appointment…

TORONTO, Dec. 6, 2021 – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce the appointment of Shirley In’t Veld to its Board of Directors effective immediately.

Paul Andre Huet, Chairman and CEO of Karora said, “”I am pleased to welcome Shirley In’t Veld to Karora’s Board of Directors. The addition of Shirley’s extensive experience as a senior executive and director in the Australian mining, renewables and energy sectors to our team further strengthens our Board and is a strong endorsement of Karora’s position as a premier gold producer. In particular, her experience as a former Director of Northern Star Resources (an Australian gold producer with World class projects located in Australia and North America), her in depth knowledge of Western Australia, and expertise in ESG matters will be a tremendous addition to our Board. We look forward to benefitting from Shirley’s input as we continue to unlock the full potential of our Australian operations.”

Shirley In’t Veld has over 30 years of career experience in mining, renewables and energy sectors. She is currently a Director of Alumina Limited, NBN Co Limited (National Broadband Network Co.) and APA Group. She was formerly Deputy Chair of CSIRO (Commonwealth Science and Industrial Research Organisation), Director of Northern Star Resources Limited, Perth Airport, DUET Group, Asciano Limited and Alcoa of Australia Limited and a Council Member of the Chamber of Commerce and Industry of Western Australia. She was also the Managing Director of Verve Energy (2007 – 2012) and, previously, served 10 years in senior roles at Alcoa of Australia Limited, WMC Resources Ltd, Bond Corporation and BankWest Perth.

In 2014, Shirley was Chair of the Queensland Government Expert Electricity Panel and a member of the Renewable Energy Target Review Panel for the Australian Department of Prime Minister and Cabinet. She also served as a member of the COAG Energy Council Selection Panel, a Council member of the Australian Institute of Company Directors (Western Australia) and the SMART Infrastructure Facility (University of Wollongong).

About Karora Resources 

Karora is focused on doubling gold production to 200,000 ounces by 2024 compared to 2020 and reducing costs at its integrated Beta Hunt Gold Mine and Higginsville Gold Operations (“HGO”) in Western Australia. The Higginsville treatment facility is a low-cost 1.6 Mtpa processing plant, expanding to a planned 2.5 Mtpa by 2024, which is fed at capacity from Karora’s underground Beta Hunt mine and Higginsville mines. At Beta Hunt, a robust gold Mineral Resource and Reserve is hosted in multiple gold shears, with gold intersections along a 4 km strike length remaining open in multiple directions. HGO has a substantial Mineral gold Resource and Reserve and prospective land package totaling approximately 1,900 square kilometers. The Company also owns the high grade Spargos Reward project which is anticipated to begin mining in 2021. Karora has a strong Board and management team focused on delivering shareholder value and responsible mining, as demonstrated by Karora’s commitment to reducing emissions across its operations. Karora’s common shares trade on the TSX under the symbol KRR and also trade on the OTCQX market under the symbol KRRGF.

Cautionary Statement Concerning Forward-Looking Statements

This news release contains “forward-looking information” including without limitation statements relating to the growth potential of the Beta Hunt Mine, the results of exploration and development work, liquidity and capital resources of Karora, production guidance and the potential of the Beta Hunt Mine, Higginsville Gold Operation, the Aquarius Project and the Spargos Gold Project.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Karora to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could affect the outcome include, among others: future prices and the supply of metals; the results of drilling; inability to raise the money necessary to incur the expenditures required to retain and advance the properties; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; results of exploration programs; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; or delays in obtaining governmental approvals, projected cash operating costs, failure to obtain regulatory or shareholder approvals. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Karora ‘s filings with Canadian securities regulators, including the most recent Annual Information Form, available on SEDAR at www.sedar.com.

Although Karora has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Karora disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

Cautionary Statement Regarding the Higginsville Mining Operations
A production decision at the Higginsville gold operations was made by previous operators of the mine, prior to the completion of the acquisition of the Higginsville gold operations by Karora and Karora made a decision to continue production subsequent to the acquisition. This decision by Karora to continue production and, to the knowledge of Karora, the prior production decision were not based on a feasibility study of mineral reserves, demonstrating economic and technical viability, and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, which include increased risks associated with developing a commercially mineable deposit. Historically, such projects have a much higher risk of economic and technical failure. There is no guarantee that anticipated production costs will be achieved. Failure to achieve the anticipated production costs would have a material adverse impact on the Corporation’s cash flow and future profitability. Readers are cautioned that there is increased uncertainty and higher risk of economic and technical failure associated with such production decisions.

www.karoraresources.com

SOURCE Karora Resources Inc.



Author: MikeyMike426

Continue Reading

Articles

Copaur Minerals Looks To Acquire New Placer Dome Gold In An All-Stock Deal

Copaur Minerals Inc. (TSXV: CPAU) announced on Friday evening a binding letter agreement stipulating its planned acquisition of all the
The post Copaur…

Copaur Minerals Inc. (TSXV: CPAU) announced on Friday evening a binding letter agreement stipulating its planned acquisition of all the issued and outstanding common shares of New Placer Dome Gold Corp. (TSXV: NGLD). The acquisition is expected to be settled in an all-stock deal.

The combination of the British Columbia-focused Copaur Minerals and Arizona-focused New Placer Dome Gold is said to “create a leading gold-copper exploration and development company with a portfolio of assets in two of North America’s foremost mining districts.”

Under the terms of the agreement, each New Placer Dome Gold share held will be exchanged for 0.1182 shares of Copaur Minerals, the ratio being a 55% premium on the 20-day average price of each company as of November 30, 2021.

The firm reported that after the transaction, New Placer Dome Gold will become a wholly-owned subsidiary representing 47% equity in Copaur Minerals and will be delisted from the TSX Venture Exchange. New Placer Dome Gold is also being proposed to get a minimum of two seats on the Copaur Minerals board, subject to the latter’s approval.

Currently, New Placer Dome Gold has approximately 170.4 million shares while Copaur Minerals has roughly 23.0 million shares.

In their latest quarterly financials dated September 30, 2020, Copaur Minerals recorded total assets worth $5.87 million and a net loss of $0.07 million while New Placer Dome Gold reported a total of $14.59 million in assets and a net loss of $0.08 million.

A concurrent financing by the two companies is in the pipeline as a condition to the transaction, with plans to raise gross proceeds of up to $15.0 million. Copaur Minerals will also lend New Placer Dome Gold $0.8 million in debt to fund the latter’s exploration work on the Bolo property. The loan is convertible to company units at $0.08 per unit at the sole discretion of Copaur Minerals.

The proposed transaction is expected to close in March 2022, subject to the approval of the shareholders of New Placer Dome Gold and customary regulatory approvals and closing conditions.

Copaur Minerals last traded at $1.16 while New Placer Dome Gold last traded at $0.085 on the TSX Venture. Trading for both shares has been halted since the announcement of the acquisition.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Copaur Minerals Looks To Acquire New Placer Dome Gold In An All-Stock Deal appeared first on the deep dive.




Author: ER Velasco

Continue Reading

Precious Metals

Top Silver Stocks To Watch In December

3 Silver Stocks For Your Watchlist…

3 Silver Stocks For Your Potential Watchlist

In recent times, the market for silver stocks has been fairly interesting to follow. Throughout the last year and a half, the price of silver assets has skyrocketed due to the pandemic. Many silver assets gained more in percentage terms than gold stocks. This drew a large number of new investors to the metal who had previously disregarded it.

The pandemic and market uncertainties have produced a level of volatility that has prompted some investors to reinvest in silver stocks. Silver stocks were also boosted as mainstream media reported that Reddit traders were pushing the metal’s price higher at the start of 2021. This drew a lot more attention to silver equities and, as a result, more investors.

So, why should you buy silver stocks? Silver, like gold, is an asset that people may own rather than money. When a metal is utilized more frequently by industrial enterprises, it tends to perform better. Fears of inflation are also affecting this industry right now, and no one knows what will happen in the end. So, plainly, there is a lot to consider if you are considering investing in silver stocks. Some people make an investment plan to pick which tickers to buy. With this in mind, let’s take a look at three silver stocks to keep an eye on right now.

Top Silver Stocks To Watch

Fortuna Silver Mines Inc. (NYSE: FSM)

Fortuna Silver Mines is a company that explores, extracts, and processes precious metals. The company is looking for reserves of silver, gold, zinc, and lead. Its main assets include the Cayloma and San Jose mines, as well as the Lindero Gold Project.

The business recorded a record third-quarter 2021 output of 87,950 gold equivalent ounces on October 12th. Its overall gold production in the quarter was 26,235 ounces, with 24,318 ounces in dore and a 1918 ounce gain in gold-in-carbon inventory. It produced 68,088 ounces of gold in the first nine months of 2021. This figure is consistent with the company’s revised annual outlook.

The company stated that “Gold production was 1,529 ounces, an increase of 12 percent over the third quarter of 2020. The increase in production is due to higher head grades located in the Animas NE vein. Gold production for the first nine months of 2021 totaled 4,712 ounces, which is above plan.” Will FSM be on your list of silver stocks to watch?

Endeavour Silver Corp. (NYSE: EXK)

Endeavour Silver Corp. is a silver firm that we have previously discussed extensively. This corporation acquires, explores, and develops land. Endeavour is working on mineral processing, refining, and reclamation. The majority of Endeavour’s key assets are in both Mexico and Chile. Endeavour’s mines are mostly used to mine silver and gold.

On December 2nd, the company announced that it has intersected high-grade silver-gold mineralization at its Guanacevi and Bolanitos operations. At its Guanacevi operations, it reported 1.97 gpt Au and 1,254 gpt Ag for 1,412 gpt AgEq over a 3.22 m ETW, and 4.36 gpt Au and 1,450 gpt Ag for 1,798 gpt AgEq over a 3.18 m ETW. At Bolanitos, Endeavour reported 8.08 gpt Au and 151 gpt Ag for 797 gpt AgEq over a 1.67 m ETW, and 1.26 gpt gold and 241 gpt silver for 342 gpt AgEq over a 0.96 m ETW.

CEO of Endeavour, Dan Dickson said, “We continue to see exceptional drilling results within the El Curso and the Santa Cruz Sur systems at our Guanacevi silver mine. We have been operating at Guanacevi for more than 15 years and these encouraging results support our view that we can continue to extend the mine life.” Will EXK be on your silver stock watchlist?

Harmony Gold Mining Company Limited (NYSE: HMY)

Harmony Gold Mining Company Limited is a mining stock that has been mentioned a lot on goldstocks.com in the past. This firm searches for, extracts, and processes gold, silver, copper, and uranium. It presently operates in South Africa and Papua New Guinea, both of which have proven to be profitable for the company.

The company’s earnings and revenues increased year over year in fiscal year 2021, according to the most recent release. This was owing to rising metal prices and the company’s rapid expansion. Given that Harmony hasn’t issued any updates in quite some time, it’ll be interesting to see what they have in store for their shareholders before the end of the year.

Best Silver Stocks In 2021?

It’s challenging to decide which silver stocks to buy. There are several factors to consider before investing in mining companies. However, completing an extensive study and selecting what is ideal for you will be quite beneficial throughout the process. Which silver stocks will you be keeping an eye on for the time being?

The post Top Silver Stocks To Watch In December appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.

Author: Joe Samuel

Continue Reading

Trending