Torex Gold Resources, Kinaxis Inc and More at 52-week Highs & Lows (Mar 15-21)
Stella-Jones Inc., Descartes and More at 52-week Highs & Lows (Archive From Mar 08-14)
Canadian & US Markets Rise. Treasury yields also rose Tuseday after the latest CPI data showed inflation cooled, with some traders anticipating financial-sector distress will remain contained and leave the Fed free to focus on inflation. 52 week highs included Stella-Jones Inc. & Descartes. 52 Week lows included Cronos Group Inc. & AutoCanada Inc.
Here are this week’s 52-week high and low stocks on Stockchase:
Highs & Lows for Mar 08th-14th
- 52 week high
Stella-Jones Inc., Descartes and a limited number of TSX Stock
- 52 Week low
Cronos Group Inc, AutoCanada Inc. and a limited number of TSX stock
52-Week High TSX Stocks
Here’s this week’s 52-week high stocks on Stockchase…
Ag Growth International Inc (AFN-T) TSE
Peak valuation now. He models $60, today's price. Would buy at $35. It's cyclical which will decline in a recession.
Bombardier Inc (B) (BBD.B-T) TSE
It has always been over-leveraged and is still that way today. It has had to dump positions just to stay afloat. It is in a decent place with the jet business but not enough to warrant buying it.
Bird Construction Income Fund (BDT-T) TSE
Question was on comparing Aecon to Bird. They have good yields of 5%. Backlogs are not as meaningful in this environment. Construction costs are up and there are still supply chain issues. Bird is in a better situation since it has fewer fixed costs.
Stella-Jones Inc. (SJ-T) TSE
Boring business (utility poles and railway ties). Very strong dividend. Has been performing well in terms of business. Good ling term prospects (infrastructure growth will require products.
5N Plus (VNP-T) TSE
Volatile. Not easy to understand. Engineered materials mainly for the solar industry. They've diversified. A recent acquisition may be transformative, wait and see. Hold if you own it. He's revisiting it. He prefers NEO, as a cheap way to play the EV market.
Wajax Corp (WJX-T) TSE
(A Top Pick Nov 11/21, Down 21.3%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with WJX has triggered its stop at $22. To remain disciplined, we recommend covering the position at this time. We will look for better opportunities.
WSP Global Inc. (WSP-T) TSE
$8.8 billion in debt but shareholder equity is $6 billion, so there is not a lot of debt. He models $113.35. Hold this in a recession or bear market, but buy this below $134.
GFL Environmental Inc. (GFL-T) TSE
Are in a great space, a growth area in industrials. But their debt is too high and explains their volatility. They grow by acquiring, which adds to debt. Managed well, though.
TFI International Inc (TFII-T) TSE
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Solid M&A pipeline. Trades at a premium. Continued growth during COVID. Tailwinds from global trade complexities.
Kinaxis Inc (KXS-T) TSE
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. 50% increase in workforce; positive sign. Reduced margins expected to normalize. Backlog remains healthy. Fair valuation compared to software peers.
CGI Group (A) (GIB.A-T) TSE
Very affordable tech name.Company has done very good job building shareholder value.Trading around 16X 2024 EPS.Wait to buy shares on weakness.
(A Top Pick Feb 16/22, Down 3%) Inexpensive at 9-10x earnings. Fantastic dividend yield, almost 6%. Peers are pursuing EMs. GWO is doing the opposite, focusing on mature markets. Very well run. Conservative, nice total return.
IGM Financial Inc. (IGM-T) TSE
A good dividend and balance sheet is strong. Cash flow, too. Most of your return will come from the dividend. The problem is that they're in a secular growth industry anymore, not like the 1990s or the early 2000s, and it's being disrupted by fintech. IGM is fine, but will not appreciate much.
Thomson Reuters Corp (TRI-T) TSE
Fundamentally a strong company.Recent increase in shares makes name expensive.Waiting for shares to fall before buying.Long term is a good investment.Very strong assets and management.
Quipt Home Medical (QIPT-X) TSXV
Low valuation for in-home medical services company.Does not own shares in the company, but has owned in the past.Looking into buying shares in the future.Management team has done great job growing company.
🛢 Basic Materials
Osisko Gold Royalties Ltd. (OR-T) TSE
(A Top Pick Jan 05/23, Up 4%) Pretty strong dividend, which he's bullish on right now. One of the best charts in the gold space, if not the best. Doesn't hesitate to recommend.
Torex Gold Resources (TXG-T) TSE
(A Top Pick Feb 07/22, Up 17%) One mine is winding down, but another is ramping up production. Well funded, cash on the balance sheet. No debt. Trading at 3-4x operating cashflow. He took profits when it ran up.
Eagle Plains Resources Ltd. (EPL-X) TSXV
Mostly early stage exploration projects. Good diversification. Likes their Copper Canyon project which is part of the overall Galore Creek project.
52-Week Low TSX Stocks
Here’s this week’s 52-week lows stocks on Stockchase…
🛢 Basic Materials
They have a large Brazilian gold deposit. The problem here are indigenous people challenges there and a government contract that pays out a crazy amount to the managers. This payout is not aligned to the shareholders' interests. Then again, it's a cheap stock vs. gold in the ground.
Integra Resources (ITR-X) TSXV
Likes the managers, but concerned with the topography. A decent-sized gold project. A good speculation.
Scorpio Gold Corp. (SGN-X) TSXV
It's a 10 cent stock, when even the big companies aren't doing well. If you like it, sure go ahead. But there's nothing he can add.
Metallis Resources (MTS-X) TSXV
A great young team. It’s too early to say what sort of success they’re going to have. Their early implementation of their royalty/streaming business plan has been absolutely flawless, but you have to understand that it is a new company/young team risk.
First Mining Finance Corp (FF-T) TSE
(Market Call Minute.) Great execution with a $500 million market cap. Thinks it is ahead of itself. It is expensive.
Laramide Resources Ltd. (LAM-T) TSE
Chart shows a up pattern on the beginning of the year. Even though it had a nasty day today, the uptrend has not been violated. Has to get through about the $1.25 area before it can be considered a breakout. If you know the fundamentals and this matches them, it could be okay. (See Top…
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…
Mountain Province Diamonds Inc. (MPVD-T) TSE
Sees no change to the dividend theory. The 3 Irish business millionaires actually control the company and are holding it long-term for the dividends. The company has some costs going on disadvantaging it. The diamond sector itself has not produced really stellar performance. This is a “wait and see”.
Canasil Resources Inc. (CLZ-X) TSXV
Has a silver discovery in the Durango area of Mexico. It is a joint venture with Orex (REX-X) earning in. They are carried for 35% once Orex has earned in. A very interesting project. They drilled into an alteration zone and hit good mineralization which is fairly consistent and looks like it is averaging 2-250…
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.
Orex Minerals (REX-X) TSXV
(Top Pick Jul 13/11, Down 8.69%) Funding issue. Venture is down about 38%. Exploration companies have come off the most. Smaller company that didn’t have a lot of cash. Two days ago they came up with a huge whole with 1.3 grams. If you have a long-term perspective, wait until they do their funding.
Salona Global Medical (SGMD-X) TSXV
Underlying business still working fantastically. Comes down to market size and market cap. Trades at around 1x sales, whereas peers are around 3x sales. As they continue to grow organically and by acquisition, revenue keeps going up. Announced NASDAQ listing, which will boost multiple. Acquisition in progress should boost revenue by 35-40%, share price should…
Willow Biosciences (WLLW-T) TSE
Figured out a way to use an agent to produce CBD in a lab, which will make it cheaper and more consistent. Still rolling it out into the commercial space. The future.
Enwave (ENW-X) TSXV
He owned the stock years ago. They dry things like food. They are now getting into the marijuana space. It has done very well lately but if they are going to get meaningful contracts, they are going to do well.
Nova Leap Health Corp. (NLH-X) TSXV
Doesn't know much about this. Shied away from it for now, because it doesn't trade much. Has the potential to be a bigger small-cap healthcare company, an area that he likes.
Aurora Cannabis (ACB-T) TSE
Lots of opportunity in the US. Guilty of using easy money to build massive facilities. Big writedowns. Big equity offering. Doesn't see an imminent big export market. Longer term potential, but it's an outside probability.
Charlotte’s Web (CWEB-T) TSE
Wellness drives CBD demand and there's more competition entering this space. The CBD market continues to expand into drinks and food. He used to own this, but sees better opportunities. But CWEB is one of the U.S. leaders in this crowded space, so it's okay. You want to be in this space.
OrganiGram Holdings Inc. (OGI-T) TSE
(A Top Pick Jan 14/21, Up 35.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with OGI has triggered its stop at $3.00. We recommend covering the balance of the position at this time. When combined with the previous recommendation to cover half the position, this results in a net investment gain over 46%.
Titan Medical Inc. (TMD-T) TSE
Medical robotics? He does not know TMD-T well. He plays the space through and ETF of BOTZ-Q. He prefers ISRG-Q, if you wanted an individual holding.
Knight Therapeutics (GUD-T) TSE
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Trades at a cheap valuation. Investors’ patience has run out. Recent acquisition gave it a new life. Current environment can be favorable. Unlock Premium - Try 5i Free
Canopy Growth Corp. (WEED-T) TSE
It is the biggest in the Canadian market and is moving into the U.S. market as well. He focuses on the U.S. market. An inventory of cannabis products is building in New York with some of it being the illegal variety.
Jamieson Wellness (JWEL-T) TSE
Going forward, will be a large market for healthcare products. Aging population will ensure demand for products. Vitamins will help aging population. Healthcare will do well in the long term.
High Tide Inc. (HITI-X) TSXV
Cannabis is such a challenging sector. Has expanded into the U.S. He has great respect for management. It could be a possible takeout target.
Snip Interactive Inc (SPN-X) TSXV
This does mobile marketing for big brands, where you use your phone to run loyalty programs and purchase validations. Down 53% in the last year, because it got caught up in the downdraft in the TSX Venture. It would be higher today, except that their financing was the worst kept secret on Bay Street, which…
Corus Entertainment (B) (CJR.B-T) TSE
Balance sheet's come down in 3 steps. After the first 2 steps, the stock doubled, but it was short term and you had to be quick. No guarantees it will happen again a third time. Yesterday's dividend cut may cause a quick pop in the stock.
Transcontinental Inc. (A) (TCL.A-T) TSE
Longer-term downtrend, the opposite of what the market's a doing in a negative way. It's a big sign that something is not moving in the right direction. Be cautious.
AutoCanada Inc. (ACQ-T) TSE
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Struggling with broad market weakness. Investors are throwing in the towel. Has to prove it can meet expectations. Turnaround might be taking hold.
Cogeco Communications (CCA-T) TSE
(A Top Pick Jan 26/23, Down 10.7%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with CCA has triggered its stop at $61. To remain disciplined, we recommend covering the position at this time.
ESE Entertainment Inc. (ESE-X) TSXV
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Has had a good start to the year. UP 19%. Expensive at 17x sales. THey made an acquisition that brought in $24M in revenues. Insiders own 31%. Moving into Europe. Remains speculative but getting interesting. Unlock Premium - Try 5i Free
Dream Impact Trust (MPCT.UN-T) TSE
A small-cap company, not focussed on real estate, managed by Dream Unlimited. Focused on renewable energy and have an interest in the office buildings owned by Dream Office REIT. DRA has a growing land base in the GTA for condo sites. It's trading at a discount to NAV. They've traded a substantial issuer bid to…
Artis Real Estate Investment Trust (AX.UN-T) TSE
(A Top Pick Jan 26/23, Down 7.8%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with AX.UN has triggered its stop at $8.80. To remain disciplined, we recommend covering the position at this time.
Greenlane Renewables Inc. (GRN-T) TSE
Likes the sector, lots of runway. Renewable natural gas. Governments are increasing demand. On his radar. Will look at again when risk appetite in the market returns.
NorthWest Health Prop Real Est Inv Trust (NWH.UN-T) TSE
It owns medical facilities globally. This includes medical office buildings, hospitals, etc. The balance sheet is a bit stretched along with an 8% yield. Another concern is some cash flow disruption due to not hedging currencies.
Small company, losing money. Data analytics, enterprise software solutions in the financial space. Too tiny for his firm. (Analysts’ price target is $0.52)
Clear Blue Technologies International Inc (CBLU-X) TSXV
Light stands for solar driven lights. The real opportunity is in Africa. It is a relatively illiquid stock.
Tidewater Midstream and Infrastructure Ltd (TWM-T) TSE
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Recent earnings: EPS was a loss of 7c versus an expected gain of 3.2c. EBITDA did increase 12%, though. Cash flow per share increased 18%. Debt remains high at 2.9X EBITDA, though just within the company's targetted range. A couple of brokers lowered target prices on the results. While a…
Anaergia Inc. Subordinate Voting Shares (ANRG-T) TSE
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company reported good sales growth, suggesting good adoption. Results missed estimates by $2M. There is opportunity here but expectations are high. Growing at nearly 50% and no reason for slowing growth. The stock has held well despite the miss. Unlock Premium - Try 5i Free
Tilray Inc. (TLRY-Q) TSE
A smart move to get into beer by buying some brands. True, they are losing money, but this and Canopy are the best in this space.
Cargojet Inc (CJT-T) TSE
Would not buy at current share price.Too much investment into the sector will depress prices.Well run company, but saturated market.Strong management.If shares fall under $100, will look into buying.
Gensource Potash (GSP-X) TSXV
We need potash, and demand will spike. Reticent to chase a small name like this. Look to a large cap. He likes NTR, which is reasonably priced, all things considered.
Baytex Energy Corp (BTE-T) TSE
Looking at the chart, pretty big runup since the pandemic. Most energy stocks have had a sideways consolidation over the last year or so. Oil likely to move lower and be in a sideways, choppy trading range. Easy money's been made.
Yangarra Resources (YGR-T) TSE
There are aspects that will detract institutional ownership. There are some promotional aspects. The name is cheap and are paying down debt. It is not a name he is looking at. The quantitative and qualitative aspects need to match and for him it does not meet his requirements.
Gran Tierra Energy Inc. (GTE-T) TSE
Great energy stock, but seeing better opportunity in other names. Operating in Colombia which has geopolitical risk. Windfall taxes etc.
Polaris Infrastructure (PIF-T) TSE
Allan Tong’s Discover Picks Companies like Polaris trade at high PEs (102.44x), but that’s par for the course. Another caveat is that PIF is a small-cap of only $344 million, so it can be vulnerable to market mood swings—and we’ve had no shortage of that. PIF pays a steady dividend of 5%, which investors can…
Use this list wisely to identify buying opportunities.
Happy trading !!!