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Top Growth Stocks To Buy

Ingrid Hart

Robust, high-growth companies such as Evertz Technologies are appealing to investors for many reasons. They bring about a strong upside to your portfolio, and less downside risk as opposed to financially challenged companies. Investment in growth companies can benefit your current holdings, whether it be in established tech giants or undiscovered micro-caps. Here, I’ve put together a few companies the market is particularly optimistic towards.

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. Formed in 1966, and now led by CEO Romolo Magarelli, the company currently employs 1,538 people and with the stock’s market cap sitting at CAD CA$1.27B, it comes under the small-cap group.

Driven by the positive double-digit sales growth of 11.85% over the next few years, ET is expected to deliver an excellent earnings growth of 16.79%. 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. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 30.78%. ET’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Want to know more about ET? Other fundamental factors you should also consider can be found here.

TSX:ET Future Profit Mar 28th 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. Formed in 1986, and run by CEO Ian Dundas, the company size now stands at 404 people and with the stock’s market cap sitting at CAD CA$3.62B, it comes under the mid-cap group.

ERF’s forecasted bottom line growth is an optimistic double-digit 13.41%, driven by the underlying 80.52% sales growth over the next few years. 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. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 23.35%. ERF’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. Thinking of investing in ERF? Other fundamental factors you should also consider can be found here.

TSX:ERF Future Profit Mar 28th 18

Argonaut Gold Inc. (TSX:AR)

Argonaut Gold Inc. engages in the exploration, mine development, and production activities in North America. The company now has 627 employees and has a market cap of CAD CA$441.78M, putting it in the small-cap category.

AR’s forecasted bottom line growth is an optimistic 25.31%, driven by the underlying 78.62% sales growth over the next few years. 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. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 12.55%. 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. Want to know more about AR? Have a browse through its key fundamentals here.

TSX:AR Future Profit Mar 28th 18

For more financially robust companies with high growth potential to enhance your portfolio, explore this interactive list of fast growing companies.


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.