Intertape Polymer Group, Shopify Inc. and More at 52-week Highs (Archive From Dec 16-22)
The markets opened this week on weaker footing as coronavirus cases spiked and a new strain caused a fresh lockdown in the UK. Advances in stimulus talks helped offset some of the negative news. Markets shook off much of its losses Monday, pointing to a chance of a Santa rally.
This week, a whole slew of companies are trading at 52-week highs. E-commerce play CCL Industries (B) (CCL.B-T) and Intertape Polymer Group (ITP-T) are among those trading at premium. Basic materials as a sector is seeing more progress as well. Tech stocks Shopify Inc. (SHOP-T) and Constellation Software Inc. (CSU-T) continues to soar higher. Xebec Adsorptions Inc (XBC-X), which concluded an acquisition last week, has been well-rewarded.
Here’s this week’s 52-week high and low stocks on Stockchase:
52-Week High TSX Stocks
Here’s this week’s 52-week high stocks on Stockchase…
🛢 Basic Materials
He's owned this for two decades. ALS has been weak lately because a lot of its cash from royalties from coal mines. Alberta suspects coal gets backed out by natural gas, which means ALS's free cash flow from that gas will decline in the next five years. This stock is still very cheap based on…
First Quantum Minerals (FM-T) TSE
Outlook for copper is wonderful, as it's the metal of electronics. Zambian government is demanding more in taxes. Bought Panama mine at a high price. Political considerations are holding it back.
Labrador Iron Ore Royalty (LIF-T) TSE
(A Top Pick Dec 27/19, Up 41%) Pays a 6.5% dividend. The price of iron ore will remain strong in the coming year, but he's looking elsewhere.
Moneta Porcupine Mines (ME-T) TSE
A very large, low grade deposit. It has a little over 1 million ounces M&I, and probably 3 in inferred resources. A real, sketchy sort of deposit in that the mineralization is spotty. If you were to try to mine this as an open pit, your waste to ore ratio would be extremely high, especially…
Mega Uranium Limited (MGA-T) TSE
Very junior, although it has been around for a long time. It is basically a lot of hype and hope. They are doing some work in Australia, and virtually have no money. Nothing found to date has been feasible, that they can push it forward in a big way. He avoids companies like this like…
Scandium International Mining (SCY-T) TSE
He's learning as much as he can about this stock. He's nervous about little markets with great, big technogical promise. This could be a good market performer this year. Perhaps own this for the long-term, but knuckle down and learn what this company does with aluminum alloy technology.
Stelco Holdings Inc. (STLC-T) TSE
China buys a huge amount of steel and iron ore, so this will benefit Stelco and those commodity prices. The current CEO is very good. This has huge upside with strong real estate value. Will produce strong cash flow to the point that he predicts the dividend to return.
Bewhere Holdings Inc (BEW-X) TSXV
He finds it interesting, but got "stop-lossed" out of it. They have a unique low powered cellular device that can be used for tracking. This is another type of device that consumers could look to buy. It could be used to track trailers, or even jack hammers. They did an equity raise a while ago…
First Cobalt (FCC-X) TSXV
Cobalt is attractive but this is not a cheap producer, because they're in Canada and not Russia or Congo.
Foran Mining Corporation (FOM-X) TSXV
(Top Pick Jan 10/12, Down 5.00%) In general resource stocks have been difficult. It is with the crowd. Massive VMS deposit adjacent to Hudbay. At some point it will be developed and patience is required. Hudbay could expand by buying this one.
Fission 3.0 Corp (FUU-X) TSXV
Very small and not something he would normally recommend. This is more of a science experiment at this point. He prefers the big brother Fission Uranium (FCU-T).
Metalla Royalty & Streaming Ltd. (MTA-X) TSXV
It's a work in progress royalty company in gold and precious metals. Only three years old, it's very active by deploying $70 million of capital. Only two of their 45 assets are actually producing with two more coming on this year. So, there'll be a rapid advance in cash flow. The dividend is small but…
Pure Gold Mining Inc. (PGM-X) TSXV
A smart group of guys. They are putting a fair bit of work into proving their concept is right. They seem to be backing up their thesis. It is looking like it is working so far.
Santacruz Silver Mining Ltd (SCZ-X) TSXV
The silver sector has had a spectacular run. He has a prejudice against small mines, because they have all the risks of the big mines, but can never make you money.
Capstone Mining Corp. (CS-T) TSE
It is on his watch list. It has been there for a number of years. It has not done very much but once in a while it perks his interest. He is going to do a review in the next couple of weeks and it may move it up then.
Energy Fuels Inc. (EFR-T) TSE
Likes that they have done a bunch of things to consolidate their operations. Balance sheet looks fine. They are going to live and die on the price of uranium. If you have a positive outlook on uranium, this is definitely one that you want to own.
Marathon Gold Corp (MOZ-T) TSE
He does not own this, but has it as a speculative buy with a $2.50 target. He prefers to begin building a portfolio with royalty companies as they are the least risky, followed by the lowest cost producers and finally producers like this one. Their deposits appear attractive.
New Gold Inc. (NGD-T) TSE
Doesn't think there will be a take-over soon. The CEO used to be the CEO of Richmond Mines. They now have an operator. On their watch list and he has confidence in management.
Orvana Minerals (ORV-T) TSE
He owns it around these levels. They have mines in Bolivia and Spain and looking to acquire in Argentina. The property they just bought has costs of $500-$650 per ounce of gold. He is concerned about the revolving door on management. He does not know where gold prices are going to go. He will continue…
Premier Gold Mines (PG-T) TSE
It's a sum-of-the-parts story with three moving parts. The knock on it was they always needed to finance, but they financed. He likes their assets, including a joint venture with Barrick, which is worth PG's market cap alone. Their Ontario and Mexico assets are extraneous and will likely be sold. (Analysts’ price target is $3.93)
Sabina Gold & Silver Corp. (SBB-T) TSE
He met with the CEO yesterday. Their Nunavut is a project is a high-grade open pit, which costs a lot, but the grades as three times the average and yields a high 6 gr/tonne. He's waiting for a new feasibility study and expansion of the resource after the last three years of drilling. (Analysts’ price…
Teck Resources Ltd. (B) (TECK.B-T) TSE
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A base metals play fueled by infrastructure spending expectations. Government spending will help and the sector should also simply do well as the world economy resumes its growth. Unlock Premium - Try 5i Free
Taseko Mines Ltd. (TKO-T) TSE
This is on his watch list. He is not familiar with their fundamentals. Today's earnings release will help define their future.
Turquoise Hill Resources (TRQ-T) TSE
It's in production. The question is how much more capital does it require. It is a good deposit and they have a good partner, but Mongolia is and will be an issue. It is highly levered to copper prices and you still have the geopolitical risk. It is a big asset in terms of copper.
UEX Corp. (UEX-T) TSE
The million-dollar question: so where the price of uranium will go, because it's been dead for so long. Don't put new money into it. A long-term play, not short-term.
Defiance Silver Corporation (DEF-X) TSXV
A silver play in Mexico, one of the last great potential silver discoveries, i.e., an extension of the vein in terms of the length, width and depth. A great play and a good speculation.
Golden Minerals (AUMN-T) TSE
Has fallen down along with all the other junior gold mining stocks. Have done a very interesting switch from their focus in Argentina to Mexico where they bought a going concern, which they are able to improve. All the junior mining companies are down. Extremely volatile.
Copper Mountain Mining (CMMC-T) TSE
Copper equities in general have had a huge move since the bottom. The commodity has been bust for the last 10 years. There is a lot more room for copper to grow. As long as the balance sheet is not too bad, and it is a good company, then it is a good buy.
Imperial Metals Corp (III-T) TSE
There are easier ways to make money in copper than through this company. Has known this name for about 30 years. They had problems with the tailing stem in Williams Lake British Columbia. He’ll watch to see how the start up goes for Red Chris in Western BC.
NexGen Energy (NXE-T) TSE
NexGen vs. Fission He owns both Fission and NexGen. They're far from infrastructure in the Athabasca Basin and would be challenged if it wasn't for their deposits being large and of quality (and next to each other). They could get built as a pair. The Fission deposit is borderline-tier one deposit, whole Nexgen's is. The…
Alphamin Resources Corp (AFM-X) TSXV
The price of tin is less important to this company then it is to other tin producers, because their grade is so high. The grade is about 10X the average mine grade for tin worldwide. Thinks they will be able to announce production finance fairly shortly. The construction schedule will take some time. The Congo…
Likes it. They have had a good move recently. It fits into the industrial and material bucket. There is a stealth rally going on which is forecasting an improved economy. These companies have done quite well during the pandemic. Valuation is good, return on equity is positive, and the balance sheet is good. Could still…
Intertape Polymer Group (ITP-T) TSE
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It had a fantastic Q3 and it raised dividends once again. The stock is cheap and looks good. High debt remains a concern. A decent company with nice growing dividends. Unlock Premium - Try 5i Free
Rogers Sugar Inc (RSI-T) TSE
He hasn't looked at it recently. It's a safe, Canadian dividend stock, but not the kind of business he's looking at now. It's in a heavily regulated industry, a commodity, so if there's too much sugar produced in a given year, the stock will get hit.
Russel Metals (RUS-T) TSE
(A Top Pick Dec 13/19, Up 6%) A steady business. It's a volume business. It's ridden through Covid with confidence and is set up very well to supply steel to the US in the coming 6 months. There'll be a surge in steel demand.
Superior Plus Corp (SPB-T) TSE
(A Top Pick Dec 13/19, Up 10%) It hasn't stumbled during this pandemic. Incredibly consistent business, distributing propane across North America, such as Quebec. The stock had plunged from $12 to $6 during the pandemic, but they will get through this pandemic without lasting issues. (SPB was fine, but the market was irrational. SPB is…
ATS Automation (ATA-T) TSE
Very interesting opportunity. Automating production in healthcare and battery production. World is looking to lower costs and bring some processes onshore. Backlog is growing. Right place at right time. Stock's unreasonably down 20% this year. Great management executing well. No dividend. (Analysts’ price target is $25.50)
Interfor Corp (IFP-T) TSE
Earnings expectations are for a $0.14 loss this year per share, compared to $1.23 from last year. The company has recovered to strongly on the US housing market recovery. Based on historic valuations relative to book value he sees a range of $11 to $16 for the share price. It has a good balance sheet.…
Linamar Corp (LNR-T) TSE
Auto parts stocks can be value traps. They often have high ROE, low debt. Problem is they're cyclical, depending on how auto sales are doing. Feast or famine. He prefers companies that can increase earnings through thick and thin. Be very careful. Not long-term holdings, they're rentals.
Magna Int’l. (A) (MG-T) TSE
It has done quite well in the last quarter, making headlines in deals with electric vehicles. This is the one in the space she would own. Wait for a pullback.
Westport Fuel Systems Inc (WPRT-T) TSE
They were rallying last week after boosting their forecast. We have resistance just under $5. We are almost at the 200 week moving average. Wait until it punches through $5. It has been going up against the S&P since March.
Methanex Corp (MX-T) TSE
(A Top Pick Jan 09/20, Up 23%) A recovery play, very cyclical. Has moved dramatically since March lows, but there's still upside. Largest producer of methanol in the world. Continues to buy.
Xebec Adsorptions Inc (XBC-X) TSXV
(A Top Pick Dec 09/19, Up 191%) They make renewable natural gas: They take methane gas from garbage dumps, feed lots and other sources and turn that into natural gas that's shipped through a pipeline. They do this worldwide, building and designing these facilities. He sees strong tailwinds here for the next decade as governments…
Stella-Jones Inc. (SJ-T) TSE
(A Top Pick Mar 27/19, Down 19%) They're part of a duopoly. It enjoys highly recurring revenues. SJ shouldn't be impacted by the virus, just in their lumber segment. Strong balance sheet. More acquisitions to come for them in the pole side. The stock hasn't been this cheap in a decade. Trades at 13x earnings…
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Despite it being 90% up this year, it is still relatively cheap at 9x earnings. They also added to their dividends in the peak of the pandemic. They blew estimates away and the stock has seen some upgrades. Growth may slow but it has some…
First National Financial (FN-T) TSE
It’s slowly moved up from $28. The pullback is a natural phenomenon after the pop. Lots of volume. He would buy it here.
goeasy (GSY-T) TSE
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company has raised dividends in February. Business is good. It just raised $200M from a securitization funding. Unlock Premium - Try 5i Free
Northwest Healthcare Property REIT (NWH.UN-T) TSE
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A very decent REIT. They have a stable base of business with good income. Not cheap on valuation but the last quarter results were good and it has weathered the pandemic well. Unlock Premium - Try 5i Free
Tricon Capital Group (TCN-T) TSE
Owns 21,000 single-family units in the US sunbelt; this sector has seen a major tailwind during Covid. Covid has seen strong demand for spacious, suburban housing. Renting such a single-family home is cheaper (by sq. ft.) than a multi-family unit. TCN has enjoyed cash flow grow. Compared to its U.S. peers, TCN is very cheap.…
WPT Industrial REIT (WIR.UN-T) TSE
He loves industrial REITs because of e-commerce. Their holdings are all in the US. Interest rates are low, so refinancing is cheap. Best in class. (Analysts’ price target is $19.53)
ECN Capital (ECN-T) TSE
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The stock is still very cheap on all metrics. Considering growth perspectives, current book value and earnings power, it is attractively priced. It also has a strong record of dividend increases. Unlock Premium - Try 5i Free
Mogo Finance Technology Inc. (MOGO-T) TSE
This is a way to play the millennial fintech market with a dash of crypto. The stock made its IPO at 10, then pulled back sharply. They have a platform that allows millennials (or anyone else) to get loans, mortgages, and other financial products -- now including a crypto layer. There are 10 million millennials…
Genesis Land Development Corp. (GDC-T) TSE
Prefers Melcor Developments (MRD-T). When there have been housing difficulty like there has been, it’s extremely difficult for stocks like these.
IBI Group (IBG-T) TSE
This stock can respond well to small improvements. This has turnaround potential. The low multiple can expand and earnings can grow. Long-term, it's a play on urbanization. They can build subway stations, and then land contracts to build condos and malls which always spring up around stations. (Analysts’ price target is $7.25)
Arbor Realty Trust (ABR-N) TSXV
The dollar has been crazy. Te stock is definitely struggling a bit. It is more of a consolidation. It is forming a triangle. It depends what side of the triangle it breaks out on. Don’t make a prediction until it proves which side of the triangle it will break out on.
BRP INC. (DOO-T) TSE
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It is showing better momentum and 5i likes it. It is cheap on valuation and is less vulnerable to changing customer taste. Unlock Premium - Try 5i Free
Sleep Country Canada Holdings (ZZZ-T) TSE
He has liked this stock for some time. They disappointed analysts last year and that is now behind them. You should start to see very good year over year comparisons. The multiple got traded down into 12 times earnings. As the comparisons improve he expects the multiple to improve taking the stock back to the…
Shopify Inc. (SHOP-T) TSE
It has done very well. It is well positioned and will grow its business. It reflects the trend to e commerce. If it has grown to a lot of your portfolio you should take some off the table. MSFT-Q would allow you to diversify. It is well positioned.
Canadian Tire Corporation Ltd. (A) (CTC.A-T) TSE
It's one of the best survivors in retail. They held their own against Walmart. Great job diversifying into Sportscheck and Marks Work Warehouse. They have the goods that people want, so have benefitted from the pandemic. But the stock has recovered a lot. Trades at a 10x earning basis, so cheap. That said, there are…
Not one of the best in the space, but the whole group has seen a rise. Assets in Australia, which is a favourable jurisdiction. Wait for last night's election results to calm down before taking a position.
Polaris Infrastructure (PIF-T) TSE
It is the middle of the pack. The price momentum has held him back. Valuation is decent at 5x EBITA and 8x PE. The 5.5% yield is healthy with a reasonable payout ratio of 65%. Needs a little more positive fund flow before taking a position.
Blockchain ETFs? He loves block chain and has about 7% of his portfolio. He likes HIVE as they are a miner of block chain coins. Global integration is just getting going. The technology will benefit from the way global markets will go forward. Imagine if gold could have a tracking system for physical it would…
Route 1 Inc. (ROI-X) TSXV
The business allows a USB device to reach into a database. Many of the clients were US military and security agencies. A recent acquisition gives them good forward prospects.
AcuityAds Inc (AT-X) TSXV
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Some insider selling is normal since the stock is up more than 900% this year. The recent insider selling is not a great sign, but not so worrying in this case. At last report, insiders owned 23%. Unlock Premium - Try 5i Free
Hut 8 Mining Corp. (HUT-X) TSXV
(A Top Pick May 14/18, Down 21%) It had a tough go since he was on. He continues to believe it is one of the best plays to get exposure to bit coin. It is a well run company.
Constellation Software Inc. (CSU-T) TSE
A tech pick? CSU are great acquirers and integrators. Why buy a US tech stock when you can buy a Canadian one at half the price (in terms of valuation)? Software will take over the world.
52-Week Low TSX Stocks
Here’s this week’s 52-week lows stocks on Stockchase…
🛢 Basic Materials
It is supper big but not super rich. Other companies were in and pulled out. He has his doubts about it over the next 10 years or so. The problem is that most of the metal is at depth. There may be some debt issues.
Transatlantic Petroleum Corp. (U) (TNP-T) TSE
A clear Sell. Wouldn't Short. Making new lows pretty much every day since April. Volume has completely dried up.
Gabriel Resources (GBU-X) TSXV
They own the Rosia Montana gold mine in Transylvania. Have been trying to get permitted for approximately the last 10 years. This is going to continue to be an uphill battle. The resource is tremendous but he feels this is stuck in the jurisdiction where they don’t want the mine to go ahead. If they…
It is pure extraction. There are probably 3 or 4 of them. They are a leader. There are not too many companies here that are profitable and these guys are one of them. They do toll extracting for clients as well as getting their own Cannabis and extracting from them. They make a great margin.
They have weapons-detection technology and it's done well in the past 18 months with some new deals signed. They don't have a lot of revenue yet, and investors are waiting for that. $7 million over 12 months is their forecast revenue. But what happens in an economic downturn? He likes their partnerships so far, though.…
Use this list wisely to identify buying opportunities.
Happy trading !!!