November Growth Opportunities – Millennium Minerals And More
Looking to add potential meaningful upside to your portfolio, but unsure where to start? Stocks such as Millennium Minerals and Northern Star Resources are considered to be high growth in terms of how much they’re expected to earn and return to shareholders, according to the market. The list I’ve put together below are of stocks that compare favourably on all criteria, which potentially makes them a good investment if you believe the growth has not already been reflected in the share price.
Millennium Minerals Limited (ASX:MOY)
Millennium Minerals Limited explores for, develops, mines, and processes gold properties in Australia. Millennium Minerals is headed by CEO Peter Cash. With the stock’s market cap sitting at AUD A$132.76M, it comes under the small-cap group
Should you add MOY to your portfolio? Check out its fundamental factors here.
Northern Star Resources Limited (ASX:NST)
Northern Star Resources Limited engages in the exploration and development of gold deposits in Australia. Founded in 2000, and currently run by Stuart Tonkin, the company currently employs 1,000 people and with the company’s market cap sitting at AUD A$3.31B, it falls under the mid-cap category.
Extreme optimism for NST, as market analysts projected an outstanding earnings growth rate of 42.29% for the stock, supported by a double-digit sales growth of 17.35%. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 23.90%. NST’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. Interested to learn more about NST? Other fundamental factors you should also consider can be found here.
Lovisa Holdings Limited (ASX:LOV)
Lovisa Holdings Limited operates as a fashion jewelry retailer. Formed in 2010, and currently headed by CEO Steven Doyle, the company provides employment to 855 people and with the company’s market capitalisation at AUD A$635.35M, we can put it in the small-cap category.
LOV’s projected future profit growth is a robust 19.35%, with an underlying 27.79% growth from its revenues expected over the upcoming years. It appears that LOV’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 72.46%. LOV’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. A potential addition to your portfolio? Other fundamental factors you should also consider can be found here.
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.
