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High Growth Stocks To Invest In

Laura Kearns

Argonaut Gold and Evertz Technologies are a few noticeable companies with a strong future outlook. The market’s optimistic sentiment towards these stocks indicates a level of confidence in the future outlook of their businesses. Analysing the most recent financial data, I’ve created a list of companies that compare favourably in all criteria, making them potentially good additions to your portfolio.

Argonaut Gold Inc. (TSX:AR)

Argonaut Gold Inc., a mining company, engages in the exploration, development, and production of gold and silver in North America. The company currently employs 627 people and with the stock’s market cap sitting at CAD CA$418.26M, it comes under the small-cap group.

AR’s forecasted bottom line growth is an optimistic 28.63%, driven by the underlying 78.13% sales growth over the next few years. It appears that AR’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 6.07%. AR’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. A potential addition to your portfolio? I recommend researching its fundamentals here.

TSX:AR Future Profit Feb 25th 18

Evertz Technologies Limited (TSX:ET)

Evertz Technologies Limited designs, manufactures, and distributes video and audio infrastructure solutions for the production, post–production, and transmission of television content in Canada, the United States, and internationally. Established in 1966, and currently run by Romolo Magarelli, the company provides employment to 1,538 people and with the stock’s market cap sitting at CAD CA$1.34B, it comes under the small-cap category.

An outstanding 22.50% earnings growth is forecasted for ET, driven by an underlying sales growth of 21.10% over the next few years. It appears that ET’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 31.12%. ET’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. Want to know more about ET? Other fundamental factors you should also consider can be found here.

TSX:ET Future Profit Feb 25th 18

Enerplus Corporation (TSX:ERF)

Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. Founded in 1986, and currently run by Ian Dundas, the company provides employment to 472 people and has a market cap of CAD CA$3.53B, putting it in the mid-cap stocks category.

ERF is expected to deliver a buoyant earnings growth over the next couple of years of 13.41%, bolstered by an equally impressive revenue growth of 66.57%. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 21.01%. ERF’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. A potential addition to your portfolio? Have a browse through its key fundamentals here.

TSX:ERF Future Profit Feb 25th 18

For more financially robust companies with high growth potential to enhance your portfolio, use our free platform to explore our interactive list of these stocks.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned.