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Parex Resources And Other Great Growth Stocks

Looking to add potential meaningful upside to your portfolio, but unsure where to start? Stocks such as Parex Resources and Wesdome Gold Mines are considered to be high growth in terms of how much they’re expected to earn and return to shareholders, according to the market. If a buoyant growth prospect is what you’re after in your next investment, I’ve put together a list of high-growth stocks you may be interested in, based on the latest financial data from each company.

Parex Resources Inc. (TSX:PXT)

Parex Resources Inc. engages in the exploration, development, production, and marketing of oil and natural gas in South America. Founded in 2009, and now led by CEO David Taylor, the company provides employment to 279 people and with the market cap of CAD CA$2.59B, it falls under the mid-cap stocks category.

Extreme optimism for PXT, as market analysts projected an outstanding earnings growth, which is expected to more than double, supported by an equally strong sales growth of 72.68%. It appears that PXT’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 14.51%. PXT’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 PXT? Have a browse through its key fundamentals here.

TSX:PXT Future Profit Nov 19th 17
TSX:PXT Future Profit Nov 19th 17

Wesdome Gold Mines Ltd. (TSX:WDO)

Wesdome Gold Mines Ltd. explores for, extracts, processes, produces, and sells gold in Canada. Formed in 1976, and currently run by Duncan Middlemiss, the company now has 263 employees and has a market cap of CAD CA$239.66M, putting it in the small-cap stocks category.

WDO is expected to deliver a triple-digit high earnings growth over the next couple of years, bolstered by an equally impressive revenue growth of 62.02%. 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. Furthermore, the high growth of over 100% in operating cash flows indicates that a large portion of this earnings increase is high-quality, day-to-day cash generated by the business, rather than one-offs. WDO’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Want to know more about WDO? Check out its fundamental factors here.

TSX:WDO Future Profit Nov 19th 17
TSX:WDO Future Profit Nov 19th 17

Real Matters Inc. (TSX:REAL)

Real Matters Inc. develops and provides network management solutions to mortgage lending and insurance industries in Canada and the United States. Established in 2004, and currently lead by Jason Smith, the company currently employs 850 people and with the stock’s market cap sitting at CAD CA$778.16M, it comes under the small-cap stocks category.

REAL’s projected future profit growth is a robust 37.61%, with an underlying 42.57% growth from its revenues expected over the upcoming years. An affirming signal is when net income increase also comes with top-line growth. Even though some cost-reduction initiatives may have also pushed up margins, in the case of REAL, it does not appear too severe. REAL’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.

Should you add REAL to your portfolio? Check out its fundamental factors here.

TSX:REAL Future Profit Nov 19th 17
TSX:REAL Future Profit Nov 19th 17

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.

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