Analysts rate Goliath Resources Ltd.(GOT:TSX) with a Strong Buy rating and a $1.65 target

Goliath Resources Ltd Stock Analysis:

Analysts rate Goliath Resources Ltd with a consensus Strong Buy rating and a 12-month average target price of $1.65 per share.

Based on the Goliath Resources Ltd stock forecasts from 1 analysts, the average analyst target price for Goliath Resources Ltd is CAD 1.65 over the next 12 months. Goliath Resources Ltd’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Goliath Resources Ltd is Slightly Bearish, which is based on 2 positive signals and 4 negative signals. At the last closing, Goliath Resources Ltd’s stock price was CAD 1.08Goliath Resources Ltd’s stock price has changed by -14.29% over the past week, -14.29% over the past month and +44.00% over the last year.

About Goliath Resources Ltd (GOT:CA:TSV)

Goliath Resources Limited, a junior resource exploration company, engages in the exploration of mineral properties in British Columbia, Canada. The company explores for gold, silver, copper, and molybdenum. It has an option to acquire 100% interests in the Luckystrike property, which covers 31,511 hectares located in Terrace, British Columbia; and the Golddigger property, which covers 23,858.51 hectares located to the southeast of Stewart. The company also holds interests in the Nelligan Project consisting of 391 mineral claims covering an area of 340 square kilometers situated in Quebec, Canada. Goliath Resources Limited is headquartered in Toronto, Canada.

What we like:

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

What we don’t like:

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Negative cashflow

The company had negative total cash flow in the most recent four quarters.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector.

2 Small Canadian Miners with long term potential: (GOT:TSX) (AOT:TSX)

With the electric vehicle industry on the cusp of exploding and gradually replacing ICE cars. demand is starting to rise considerably for rare and precious metals.  2 small junior Canadian miners currently penny stocks, could propose to be a great long term valuation play, in which Ascot Resources and Goliath Resources could me beneficiaries. Both companies engage in mineral exploration explores for gold, silver, copper, and molybdenum.

 

The Analysis:

Ascot Resources Ltd. Stock Analysis:

Based on the Ascot Resources stock forecast from 5 analysts, the average analyst target price for Ascot Resources is CAD 1.19 over the next 12 months. Ascot Resources average analyst rating is Buy . Stock Target Advisor’s own stock analysis of Ascot Resources is Bearish, which is based on 1 positive signals and 5 negative signals. At the last closing, Ascot Resources stock price was CAD 0.42Ascot Resources stock price has changed by +35.48% over the past week, +13.51% over the past month and -60.75% over the last year.

Ascot Resources stock forecast from 3 Crowd Analysts, has the average Crowd Analyst target for Ascot Resources at CAD 1.52 over the next 12 months. Ascot Resources average Crowd rating is a Strong Buy.

 

Goliath Resources Ltd Stock Analysis:

Based on the Goliath Resources stock forecast from 1 analysts, the average analyst target price for Goliath Resources is $1.65 over the next 12 months. Goliath Resources average analyst rating is Speculative. Stock Target Advisor’s own stock analysis of Goliath Resources is Slightly Bearish, which is based on 2 positive signals and 4 negative signals. At the last closing, Goliath Resources stock price was CAD 1.29Goliath Resources stock price has changed by +17.27% over the past week, +13.16% over the past month and +41.76% over the last year.

Goliath Resources stock forecast from 5 Crowd Analysts, has the average Crowd Analyst target for Goliath Resources at $2.16 over the next 12 months. Goliath Resources average Crowd Rating isa Strong Buy. 

 

In concluding, these 2 miners have great long term valuation potential, even though the outlined fundamentals, that are based on more mature companies, are a bit negative, there however is enough positive attributes and enough industrial demand to justify a speculative long position for future massive gains.  The higher the risk, means the returns could be outlandish, and the risk is always elevated when you are trying to find the next Barrick in the rough!