Monday , 2 October 2023

5 Small Cap Stocks With Strong BUY Recommendations

investing-hold-buy-sellHaving already gained investor attention after rallying over 30% year-to-date, the 5 stocks below appear to be just warming up. From the reawakened uranium industry to the latest satellite imaging technology, this week’s picks will have analysts seeing big gains very soon.

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The comments above & below are edited ([ ]) and abridged (…) excerpts from the original article by SmallCapPower.com)

1. Ur-Energy Inc. (NYSEMKT:URG; TSX:URE) – CAD$1.02 ($0.78USD)
Uranium

Ur-Energy Inc. (www.ur-energy.com) is an exploration-stage mining company. The Company is engaged in uranium mining, recovery and processing activities, including its flagship uranium property Lost Creek in Sweetwater County, Wyoming…

Analyst Comments: 

URG has very little downside, while any surprise uranium price increase will most likely see its stock surge from current levels…

Ur-Energy has the potential to quadruple its production within a relatively short period of time if the price signal is right…leading to a double boost to its revenues…

Assuming that the average realized uranium price will reach $50/pound in the years going forward, Ur-Energy is sitting on a billion dollars worth of proven reserves with additional potential for more reserves to be made available from two sites currently not being exploited…

[All-in-all,] Ur-Energy’s viable and potentially economic reserves may be 10-20x its current market cap, if we assume a relatively moderate increase in uranium prices…

I think this is a great entry point for Ur-Energy and uranium miners in general. Source

  • Market Cap: $135.8 million CAD
  • YTD Price PCT Change: 31.0%
  • Analyst Price Target (1 year): $1.95 CAD
  • Implied Upside: 110%

2. ProntoForms Corp. (TSXV:PFM) – CAD$0.38
Software

ProntoForms Corporation (www.prontoforms.com) is a Canada-based company which researches, develops and markets mobile business software solutions to energy (utilities, gas and oil), field services and facility management industries.

[Its solutions are currently] used by approximately 50,000 subscribers in over 3,500 businesses to collect and analyze field data with smartphones and tablets in real time.

Analyst Comments:

An example of PFM’s success is a testimonial from VFC, a Salt Lake City-based facility protection company, stating that it leveraged ProntoForms software solutions to significantly raise productivity — and save more than $340,000 per year in their operations. (Source).

Of the 82 companies in the internet software industry with recommendations PHM is ranked #3 and is considered a strong BUY. (Source)

  • Market Cap: $34.6 million CAD
  • YTD Price PCT Change: 37.0%
  • Analyst Price Target (1 year): $0.78 CAD
  • Implied Upside: 109%

3. Patient Home Monitoring Corp. (TSXV:PHM) – CAD$0.29
Healthcare Facilities & Services

Patient Home Monitoring Corp. (www.phmcompanies.com) is a healthcare service company focused on a highly fragmented and developing market of small privately-held companies servicing chronically ill patients with multiple disease states caused mainly by age and obesity. It offers a range of products and services that improve outcomes, reduce hospital readmissions, and help control costs.

Analyst Comments:

Of the 36 companies in the medical care industry with recommendations PHM is ranked #5 and is considered a strong BUY. Source

  • Market Cap: $102.2 million CAD
  • YTD Price PCT Change: 54.3%
  • Analyst Price Target (1 year): $0.60 CAD
  • Implied Upside: 122%

4. GoldQuest Mining Corp. (TSXV:GQC) – CAD$0.52
Diversified Mining

GoldQuest Mining Corp. is a mineral exploration and development company with a portfolio of high-quality gold-copper exploration properties in the Dominican Republic.

Analyst Comments:

Of the 89 companies in the gold mining industry with recommendations GQC is ranked #32 and is considered a strong-to-moderate BUY. Source

  • Market Cap: $108.1 million CAD
  • YTD Price PCT Change: 85.2%
  • Analyst Price Target (1 year): $1.15 CAD
  • Implied Upside: 128%

5. UrtheCast Corp. (TSX:UR) – CAD$1.68
Broadcasting

UrtheCast Corp. (http://www.urthecast.com) is a technology company that serves the geospatial and geoanalytics markets.

The Company operates through the provision of the earth observation imagery and engineering and value-added services segment, with over four Earth Observation (EO) sensors in space, including two cameras aboard the International Space Station (ISS).

It is also developing and anticipates launching the fully integrated constellation of multispectral optical and synthetic aperture radar (SAR) satellites, called OptiSAR.

To that end UR has announced that it will receive approximately $17.6 million in funding from Innovation, Science and Economic Development Canada’s Industrial Technologies Office as part of its Strategic Aerospace & Defense Initiative (SADI) program. This funding will provide significant financial support for the ongoing development of UrtheCast’s planned constellation of Earth Observation satellites.

Analyst Comments: Of the 47 companies in the internet services industry with recommendations UR is ranked #19 and is considered a strong-to-moderate BUY. Source

  • Market Cap: $195.2 million CAD
  • YTD Price PCT Change: 116.3%
  • Analyst Price Target (1 year): $4.38 CAD
  • Implied Upside: 135%

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