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Have analysts changed their views on stocks?



TipRanks

What is the bottom line of these three stocks? Analysts say “buy”

The market is falling, but not crashing. Investors are still concerned about the coronavirus, and Tuesday’s election is still ongoing. The recent market losses have exacerbated the impact of uncertainties. However, Wall Street expects that the bulls will start to run again after next week̵

7;s results-who wins is less important than getting the results. At the same time, market declines and low stock prices become an opportunity to buy gold-if you correctly judge the bottom. To do this, the rest is “buy low and sell high.” For this reason, Wall Street analysts have been pointing out stocks that may bottom out. Using the TipRanks database, we identified three such stocks. Each metal has fallen sharply, but each metal has a Strong Buy consensus rating and has at least 30% upside potential in the coming months. Fury Gold Mines Gold-just a precious metal asset-will become more and more popular during 2020. The coronavirus crisis and investors’ desire for a stable store of value made its price rise above US$2,000 earlier this year, while an ounce of gold still sells for more than US$1,800. For those who do not have such resources, buying shares of gold miners may be the next best option. FuryGold Mines is a small mining company headquartered in Toronto, dedicated to developing the vast resources of northern Canada. . Fury has mines in British Columbia, northern Quebec and the northernmost area of ​​Nunavut. Therefore, Fury has large gold reserves in open-pit mines and underground mines. In the past 12 months, world gold production has fallen by 1%, which suggests for the first time that we may be in a “peak gold” state, and prices will soon rise further. The company was established at the beginning of this year as a reorganization of Auryn Resources, including the merger with Eastmain and the divestment of the Peruvian mine. The result is a company focused on Canadian development, able to take advantage of Canada’s stable working environment. Recently, when the new FURY stock started trading, the stock fell sharply, replacing Auryn’s position in the market and maintaining the trading history of the old company. The fall caused Fury’s stock price to fall 67% this month, and analyst Canton believes that Cantor’s stock still has room to rise. Analysts pointed out: “Based on a total gold equivalent resource of 3.9Moz, Fury’s transaction price is $43/ounce, while the peer’s transaction price is $60/ounce. We expect that as the new management releases new drilling results (to At the end of 2020) won the favor, and throughout 2021) and showed the progress of its project, the stock should rise. “But how much has it gone up?” O’Keeffe’s target price for FURY is US$2.60, indicating a 126% upside potential for the coming year and supporting its “Buy” rating. (To watch O’Keefe’s performance record, click here) Wall Street analysts’ consensus on Fury is a strong buy, based on a 4 buy rating, no sell or hold. The current price of the stock is $1.13, and its average price target is $3.37, which indicates that the stock has nearly doubled upside potential in the next 12 months. (See FURY stock analysis on TipRanks). Star Bulk Carrier (SBLK) is followed by Star Bulk Carrier, a Greek-based transportation company that specializes in dry bulk ocean-going vessel trade, which is the backbone of the world’s shipping industry. Star Bulk operates a fleet of 116 aircraft carriers, ranging from approximately 50,000 tons to giant Newcastlemax bulk carriers with a rated weight of more than 200,000 tons. Trade interruption caused by corona is difficult for the industry, and SBLK is no exception. Year-to-date, the stock has fallen 47%. However, the company’s financial performance this year is in line with historical records-there was a net loss in the first half of the calendar year and a net gain in the second half. The loss in 1H20 is a normal phenomenon of the SBLK model, and the outlook for the third quarter is the recovery of net profit, with earnings per share expected to be 30 cents. When analysts were preparing for this stock at Deutsche Bank, analyst Amit Mehrotra pointed out a series of related points: “[We] It is believed that the company’s net debt position should increase by approximately US$50 million compared to the second quarter, reflecting the debt settlement of more than US$40 million in cash flow in the third quarter. We also expect the company’s expected balance of payments to be reduced to below $11k per day. . . Although we are frustrated with the sluggish performance of SBLK stock under the condition of continuous improvement of the above-mentioned fundamentals… We are still very satisfied with the intrinsic value of SBLK equity in the current environment, and the value is increasing…” Mehrotra briefly summarized his views on Star Bulk Views: “Overall, we are encouraged by the development of the company’s fundamentals…” The analyst rated SBLK as “Buy”, and he set the target price at $15. This is a 143% increase from the current level. Potential. (To view Mehrotra’s transaction history, click here) After receiving 3 recent “buy” comments, SBLK received a consistent “Strong Buy” rating from the consensus of analysts. The stock’s current trading The price is US$6.18, the average target price is US$12.09, and the one-year upside is 96%. (See SBLK stock analysis on TipRanks) Legacy-Crystal Clean (HCCI) pollution is a problem, anyway. We all want to live in In a clean environment, we should all be concerned about how to dispose of modern industrial pollutants. Heritage-Crystal Clean lives in this clean environment and provides environmental cleaning services, including street cleaning vacuum services, light industry and mechanical parts cleaning technology, and various A variety of waste recycling services, including oil and oil recycling and disposal, antifreeze, and general industrial waste liquid. In modern technological society, this is an important and often overlooked important niche market. HCCI is the second After falling into negative quarterly growth, stronger results were reported in the third quarter. Revenue increased from $74 million to $82 million, and earnings per share changed from a loss of 31 cents to a gain of 18 cents. Despite the positive results. Achievements, but compared to the same period last year, earnings and revenue are still sluggish, and after the fall in March last year, the stock has failed to regain its appeal. HCCI has fallen 49% so far. RothCapital’s Gerry Sweeney commented on the stock China states: “As the economic activity of the COVID temporary shelter improves, income continues to rebound. The focus of the quarter was a faster-than-expected profit margin rebound. Although the profit margin is still down from 25.7% before the pandemic last year, it is higher than the profit margin in the second quarter (28.2%). The driving force for improvement comes from the increase in labor utilization and asset leverage, the reduction in solvent costs, and the internalization of waste disposal…” Sweeney rated the stock as a buy. The price target of $21 he set shows that people have a 32 %’S strong upside is full of confidence. (To view Sweeney’s track record, click here.) In the past three months, three other analysts have expressed doubts about HCCI. Three more buy ratings for the stock A strong buy consensus rating is provided. If the average price target is set at $20.75, then if the target is achieved in the next 12 months, investors are expected to receive 30% of the return. (See HCCI stock analysis on TipRanks ) To find great ideas for trading low-priced stocks with attractive valuations, please visit TipRanks’ Best Buys to Buy. This is a newly launched tool that combines all the stock insights from TipRanks. This article is only those featured analyses. Teacher’s article. The content is for reference only. It is very important to conduct your own analysis before making any investment.


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