Tahoe Resources And Other High Growth Stocks

Tahoe Resources and Argonaut Gold 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. 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.

Tahoe Resources Inc. (TSX:THO)

Tahoe Resources Inc., together with its subsidiaries, acquires, explores for, develops, and operates mineral properties in the Americas. Established in 2009, and headed by CEO Ronald Clayton, the company employs 2,684 people and has a market cap of CAD CA$2.05B, putting it in the mid-cap stocks category.

THO’s projected future profit growth is a robust 29.20%, with an underlying 72.82% growth from its revenues expected over the upcoming years. It appears that THO’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 positive return on equity of 6.18%. THO’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Should you add THO to your portfolio? Have a browse through its key fundamentals here.

TSX:THO Future Profit Jun 16th 18
TSX:THO Future Profit Jun 16th 18

Argonaut Gold Inc. (TSX:AR)

Argonaut Gold Inc. engages in the exploration, mine development, and production activities in North America. The company provides employment to 681 people and has a market cap of CAD CA$389.34M, putting it in the small-cap group.

AR’s projected future profit growth is a robust 33.31%, with an underlying 74.87% growth from its revenues expected over the upcoming years. It appears that AR’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. Moreover, the substantial growth of over 100% in operating cash flows shows that a decent part of earnings is driven by robust cash generation from operational activities, not one-off or non-core activities. AR’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Could this stock be your next pick? Have a browse through its key fundamentals here.

TSX:AR Future Profit Jun 16th 18
TSX:AR Future Profit Jun 16th 18

Sandstorm Gold Ltd. (TSX:SSL)

Sandstorm Gold Ltd. operates as a gold streaming and royalty company. Started in 2007, and headed by CEO Nolan Watson, the company size now stands at 19 people and with the market cap of CAD CA$1.10B, it falls under the small-cap category.

SSL’s forecasted bottom line growth is an optimistic 30.86%, driven by the underlying double-digit sales growth of 29.31% 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. We see this bottom-line expansion directly benefiting shareholders, with expected positive return on equity of 2.15%. SSL’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 SSL to your portfolio? I recommend researching its fundamentals here.

TSX:SSL Future Profit Jun 16th 18
TSX:SSL Future Profit Jun 16th 18

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