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 running 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 next few 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 the price rise above $2,000 earlier this year, while an ounce of gold still sells for more than $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 owns 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%. This suggests for the first time that we may be in a “peak gold” state, and prices will soon rise further. This bodes well for Fury because Fury is in a net Loss status. 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 the total gold equivalent resources 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) it will be branded and throughout 2021) and show the progress of its project, the stock should rise. “But by how much? O’Keeffe’s target price for FURY is $2.60, indicating a 126% upside potential for the coming year and supporting his “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 shipping industry. Star Bulk operates a fleet of 116 aircraft carriers, ranging in size from approximately 50,000 tons to large Newcastlemax bulk carriers (over 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 has been consistent with its historical pattern-a net loss in the first half of the calendar year and a net gain in the second half. The loss in 1H20 is the normal performance of the SBLK form-the outlook for the third quarter is the recovery of net profit, and earnings per share are expected to be 30 cents. The analyst is Deutsche Bank (Deutsche Bank) stock, the analyst 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 generated 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, the value is increasing…” Mehrotra succinctly summarized his views on Star Bulk’s view: “Overall, we are encouraged by the company’s basic trend…” The analyst rated SBLK as “Buy”, and his $15 target price implies a 143% upside potential from current levels. (To view Mehrotra’s transaction history, click here) After obtaining 3 recent “buy” comments, SBLK received a consistent “Strong Buy” rating from analyst consensus. The stock is currently trading at US$6.18, with an average target price of US$12.09 and a one-year upside of 96%. (See SBLK stock analysis on TipRanks) Legacy-Crystal Clean (HCCI) pollution is a problem, anyway. We all want to live in a clean In this 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 vacuum services for street cleaning, light industry and mechanical parts cleaning technology, and various A variety of waste recycling services, including oil and oil product recovery and disposal, antifreeze, and general industrial waste liquid. In modern technological society, this is an important and often overlooked important niche market. HCCI in the second quarter After falling into negative growth, stronger results were reported in the third quarter. Revenues 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 achieved , But compared with 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 It pointed out: “As the COVID shelter order has improved economic activity, revenue 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 are interested in next year The 32% 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. The other three buy ratings are this The stock offers a strong buy consensus rating. If the target price is $20.75, investors are expected to realize 30% gains in the next 12 months. (See HCCI stock analysis on TipRanks) Find attractively low prices For a good idea of stock trading, 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 an article by selected analysts. The content is for reference only. Before making any investment, it is very important to conduct your own analysis.