Markets started off the week on a low note, hampered by fears of rising Covid-19 cases and bank reports. Oil also fell around 1.3%.
This week, some gold companies are back trading at their 52-week highs. Kinross Gold (K-T) and Roxgold Inc (ROXG-T) are among the gold stocks seeing strength. WELL Health Technologies (WELL-T) and Northland Power Inc (NPI-T) are breaking out, hitting their 52-week high.
Travel stock Transat AT Inc. (TRZ-T) as well as Charlotte’s Web (CWEB-T) are back this week on the 52-week low list. Transat AT Inc. (TRZ-T) is expected to continue to struggle due to rising covid cases.
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…
Aimia (AIM-T) TSE
Aimia preferred shares: It's run into problems. It'll be difficult going forward. The value was in the Air Canada miles, not Aeroplan. If you own a preferred share that's not paying a yield, then it's distressed. Take a loss.
EGI Financial Holdings Inc. (EFH-T) TSE
Involved in nonstandard automobile/motorcycle insurance as well as home insurance. BV of around $14.37 but Tangible Book is $13.50. No debt. Overly capitalized by over $35 million. Stable management. Basically Canadian, but their big driver is Europe. 25%-30% growth. Will probably earn about $1.30 next year. Have an option of putting in a dividend, free…
Firstservice Corp (FSV-T) TSE
(A Top Pick Nov 05/19, Up 46%) It is a great Canadian Company. He likes that it. It is asset light and has little fixed costs. They grew the business through organic growth and tuck-in acquisitions. Buy it now on weakness. They continue to execute incredibly well.
CloudMD (DOC-X) TSXV
WELL Health vs. Cloud MD, and buy the warrants? Different companies in the same sector. He owns both and expects both to excel in the coming year. Cloud MD just released earnings, not as strong as he expected, but talked about future catalysts coming in the fall. WELL just announced an acquisition and got financing…
🛢 Basic Materials
Belo Sun Mining (BSX-T) TSE
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.
Champion Iron Limited (CIA-T) TSE
They hold Quebec assets. They just reported a quarter that blew away expectations. The iron ore price has bounced back, and CIA produces high-grade iron ore, so they fetch a premium price. Also, transporatation costs have declined in the last month. If China comes back into the fray, CIA will enjoy huge growth. (Analysts’ price…
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.
Endeavour Mining Capital (EDV-T) TSE
If he was going to buy a silver producer, this would be it. The best of the Canadian producers. His preference is Wheaton Precious Metals as a royalty play.
First Quantum Minerals (FM-T) TSE
A risky stock that’s driven him nuts. He bought it around $10.96. It’s finally breaking out. Copper stocks could do well although his exit price is around $11 which could move up depending on how it performs. (Analysts’ price target is $15.47)
Fortuna Silver Mines (FVI-T) TSE
It is a producer-developer. He is adding more to his silver allocation. They are opening a mine in Argentina that will be one of the world's most profitable mines. There will be production upside, and upside from the price of the commodity. (Analysts’ price target is $10.60)
Lithium Americas Corp (LAC-T) TSE
Very speculative. It's a long-term lithium play. We will still buy e-cars, even though today's data showed a one-month drop in sales. LAC is another way to green your portfolio, like NFI-T. E-cars will be normal in 20 years. (Analysts’ price target is $12.68)
Nickel Creek Platinum Corp. (NCP-T) TSE
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.
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)
Pretium Resources (PVG-T) TSE
(A Top Pick Dec 07/18, Up 36%) A volatile stock, but he likes the golds, holding 10-20% in a portfolio. Gold has a long runway.
Roxgold Inc (ROXG-T) TSE
The only small cap gold stock they own. It's caught up in the West African politics. They like the projects going forward though and they are securing their production.
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…
Titan Mining Corp. (TI-T) TSE
They have had a fantastic track record on the exploration front. They bought a shut in zinc mine and then the price of zinc dropped. He would stay away from it until they delineate new zones they can extract ore from.
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.
Regulus Resources Inc. (REG-X) TSXV
(A Top Pick Mar 05/19, Down 29%) The decline is the issue with everyone moving away from base metals. There copper asset in Peru is the place to be. The issue is that the corruption at the government level is slowing the permit process for juniors. He continues to hold it.
Globex Mining Enterprises Inc (GMX-T) TSE
It is not a mining company, but a project generator. The CEO has done this for 25 years. He then sells off projects to companies that try to turn them into mines. He gets stock and a royalty in exchange. He has about a 160 properties. Some day the CEO will want to sell the…
Hudbay Minerals Inc. (HBM-T) TSE
Analysts see a target of $4.25. He is more cautious based on how vibrant the economy will be. Their business is focused on base metals like copper. Commodities will likely be in a sideways range for some time to come. Earnings are negative and expected to be down over 100% this year. This is not…
Maverix Metals (MMX-N) TSE
He's long owned this and knows the owner. The recent market sell off--and in this stock--has been spectacular. This is a wonderful speculation, not an investment. A fine small-cap precious metals stock.
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.
Copper Mountain Mining (CMMC-T) TSE
Copper pricing seems to be Firming here. Commodities are starting to come off from a bottom here. It is 9 years into a bull market and into a recovery. If you are going to play it, this is probably a not bad place to be. Copper looks interesting here.
Calibre Mining Corp. (CXB-X) TSXV
A growing low-cost producer in Nicaragua. They also do exploration. Exploration is the area you want to be looking at. (Analysts’ price target is $3.10)
Kinross Gold (K-T) TSE
Bullish on gold. This one will give you exposure to the miners. He's always looked for the best operators, like KL with its clean balance sheet. Watch the USD. If it continues to rally, you'll get a much better opportunity to buy.
Sanatana Resources Inc. (STA-X) TSXV
(Top Pick Nov 8/12, Down 76.12%) He got out in the 4th quarter last year. They were the donut around the deposit. With Gold falling off and the market changing, there is now no rational reason to own it.
AcuityAds Inc (AT-X) TSXV
This has done well. Originally, he had thought it was a concept stock, but they’ve proved their concept is working. He is not ready to invest yet.
Maxar Technologies (MAXR-T) TSE
(A Top Pick Oct 18/19, Up 275%) He kept picking away it and still owns it. A few years ago, this stood at $80, but fell to $10 when they a great deal to buy DigitalGlobe which increased the company's value though levered the balance sheet. MAXR does satellite imaging and analytics for defence and…
Altus Group (AIF-T) TSE
He owns this one and likes the management team. There seems to be a consistent buyer of this stock. They have high margins. It is not cheap at these levels. There are not too many ways to play technology from a real estate perspective. They have a strong position on pricing data in the real…
Ilookabout Corp (ILA-X) TSXV
Provides a service very similar to Alphabet (GOOGL-Q), which is provided for free. When your competitor is providing your services free, it is tough to be competitive.
Mission Ready Service (MRS-X) TSXV
In the military services type industry. He used to own this. They just signed a contract and the stock price jumped. If that contract pans out, then the stock is going higher for sure. You want to make sure that it is real. Sometimes companies announce agreements and they are not as great as they…
Plant based protein from soy and peas. The new method for extracting protein will be used in a new plant in Canada. They have well over 100 patents related to protein extraction from various plants. The plant will go into production at the end of 2020.
Major Drilling Group International Inc (MDI-T) TSE
As commodity prices go up this one should do better. He likes the management and their philosophy. The balance sheet is in good shape. He thinks most of the tax loss selling has been done and it will go up now. He would like to find a good entry point to buy into it.
Toromont Industries (TIH-T) TSE
A very well run company with a pristine track record. It pays a low yield, and he looks for higher ones. He needs a sustained income. If the company pays a low yield, you expect the company to somehow raise its share price. Tailwinds for TIH are rising infrastructure spends in Quebec and Ontario plus…
Input Capital Corp (INP-X) TSXV
They do canola mainly. At these prices the stock is so cheap. He sold because he was not seeing enough capital being deployed in Canola streams.
TomaGold Corporation (LOT-X) TSXV
One of the few stocks that has been going up. Have drilled some good holes in Québec. Good high-grade widths at depth were previous drilling was off to the side but not great. It only has 3 holes into it and they are currently drilling off to the sides. Until it is known what is…
Electrovaya Inc. (EFL-T) TSE
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company has been growing revenues well and has paid off a debenture. Revenue growth is expected to pick up and the company should be profitable this year. Trading at around 10x revenue and 41x expected earnings. A good prospect for the battery space. Unlock…
Telemedicine is a very hot space, but can't accept the valuations (he's a value investor). They make good acquisitions. Many revenues come from clinics. All tech companies have sky-high valuations, betting on future sales and earnings. Not for the feint of heart. The valuation is too high.
Leon’s Furniture (LNF-T) TSE
vs. Canadian Tire Canadian Tire: A short report recently has pressured shares and are now under 10x earnings, cheap. Their problem is that they were slow getting e-commerce. If you don't have good e-commerce, a store is treading water. But the bad news is already priced into the stock price. He prefers Leon's Furniture for…
North West Company (NWC-T) TSE
Allan Tong’s Discover Picks This consumer defensive name operates retail stores, selling groceries and household items, in the Canadian far north, Alaska and Caribbean. Because it operates in such an extreme geography, NWC enjoys a monopoly. North West Company pays 4.45% dividend. Read Best Dividend Stocks Canada for our full analysis.
Waterloo Brewing Ltd. (WBR-T) TSE
(A Top Pick Nov 19/18, Down 6%) A craft brewing company that also receives outsourcing from bigger brewing companies. A house of brands type company. Strong management team that has grown revenue successfully. A small cap stock that isn’t well followed by investors. A potential takeover candidate.
George Weston Ltd. (WN-T) TSE
(A Top Pick Jun 17/19, Down 2%) It has done very well considering the environment. They are being hurt most in the food services business. All of the grocery chains have been doing very well during the COVID crisis.
He's overexposed in Boralex, Innergex and AQN, so he doesn't own this one, but he would buy this. A good company. NPI has more overseas and offshore wind operations than its peers. Offshore wind energy is riskier given saltwater erosion. NPI's dividend should rise over time. Money is moving into renewable energy as a whole.…
52-Week Low TSX Stocks
Here’s this week’s 52-week lows stocks on Stockchase…
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.
Auxly Cannabis (XLY) TSXV
Their model is based on getting royalties off the cannabis companies they produce. They've done some smart deals and have been able to put pressure on producers who needed money. Not sure why it moved so down today.
Stuart Olson Inc (SOX-T) TSE
In the construction space his favorite is WSP Global. SOX is similar and he thinks they may be a value trap as there is some concerns about the dividend, the strength of the balance sheet and their ties to the energy sector.
They sell energy contracts. They have under gone several management changes over the years. He is not a great fan of this business model.
It's currently in the midst of a potential merger with Air Canada. COVID has also decreased air travel significantly. Current cash positions will help the company weather the crisis. However, they will probably burn through their cash by the end of this year. There is also competition from private companies who can undersell them by…
This has limited history, but it is a $1.50 stock that is acting quite well. It’s too early in its history for him to have too much of a comment on it. It certainly looks like it is going higher, and he would watch it.
Antibe Therapeutics Inc. (ATE-X) TSXV
(A Top Pick Aug 01/19, Up 24%) There's been a lot going here: the reported good phase 2 drug test results. They did financing recently and are planning for phase 3 which will cost $50 million, so they have enough cash for 18 months. The next phase will start in Q2 2021 and last two…
🛢 Basic Materials
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…
Use this list wisely to identify buying opportunities.
Happy trading !!!