Analyst Alert: Goldman Downgrades BHP Group (BHP:NYE) to Neutral

The company’s average 12-month target price will be USD 52.40. Its based on 12 analysts stock projections.

Goldman Sachs analyst downgraded BHP Group. On Thursday, November 24th in a research note, they published. They updated their coverage of the stock to a Neutral rating, down from a Buy rating.
 

BHP Group Limited Stock Analysis:

 
The company’s average 12-month target price will be USD 52.40. It’s based on 12 analysts’ stock projections. The consensus analyst rating for BHP Group is a Hold. BHP Group stock analysis by Stock Target Advisor is Bullish. Based on 9 positive and 3 negative indications. The stock price of BHP Group Limited was USD 60.04 at the most recent closing. The stock price of BHP Group Limited changed by:
  • +2.32% over the previous week
  • +19.46% over the previous month
  • +8.12% over the previous year

STA Research assigns Americas Silver Corp.(USA:TSX) with a Speculative Buy rating and a $1 target

Americas Silver Corp Stock Analysis:

Analysts rate Americas Silver Corp with a consensus Strong Buy rating and a 12-month average target price of $1.65 per share.

STA Research assigns a Speculative Buy rating to Americas Silver Corp and sets the target price at $1 on the company’s stock.

Based on the Americas Silver Corp stock forecasts from 2 analysts, the average analyst target price for Americas Silver Corp is CAD 1.65 over the next 12 months. Americas Silver Corp’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Americas Silver Corp is Bearish, which is based on 1 positive signals and 7 negative signals. At the last closing, Americas Silver Corp’s stock price was CAD 0.65Americas Silver Corp’s stock price has changed by +25.00% over the past week, +6.56% over the past month and -30.85% over the last year.

About Americas Silver Corp (USA:CA:TSX)

Americas Gold and Silver Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral properties in North America. It explores for silver, lead, zinc, copper, and gold deposits. The company holds 100% interests in the Cosalá Operations consisting of 67 mining concessions that covers approximately 19,385 hectares located in the state of Sinaloa, Mexico; and the San Felipe development project in Sonora, Mexico. It also owns a 60% interest in the Galena Complex located in the northern Idaho Silver Valley, Idaho; and a 100% interest in the Relief Canyon mine located in the Pershing County, Nevada, the United States. The company was formerly known as Americas Silver Corporation and changed its name to Americas Gold and Silver Corporation in September 2019. Americas Gold and Silver Corporation was incorporated in 1998 and is headquartered in Toronto, Canada.

What we like:

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

What we don’t like:

Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Negative cashflow

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

Negative free cash flow

The company had negative total free 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.

Low Revenue Growth

This stock has shown below median revenue 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!

Analysts rate Cypress Development Corp.(CYP:TSX) with a Strong Buy rating and a target price of $3.38

Cypress Development Corp. Stock Analysis:

Analysts rate Cypress Development Corp. with a consensus Strong Buy rating and a 12-month average target price of $3.38 per share.

Based on the Cypress Development Corp. stock forecasts from 3 analysts, the average analyst target price for Cypress Development Corp. is CAD 3.38 over the next 12 months. Cypress Development Corp.’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Cypress Development Corp. is Slightly Bearish, which is based on 3 positive signals and 5 negative signals. At the last closing, Cypress Development Corp.’s stock price was CAD 1.17Cypress Development Corp.’s stock price has changed by -4.10% over the past week, -1.68% over the past month and -22.52% over the last year.

About Cypress Development Corp. (CYP:CA:TSV)

Cypress Development Corp. engages in the acquisition, exploration, evaluation, and development of mineral properties in the United States and Canada. It explores for lithium, zinc, and silver deposits. The company’s flagship project is the Clayton Valley project that covers an area of approximately 5,430 acres located in southwest Nevada. Cypress Development Corp. was incorporated in 1991 and is headquartered in Vancouver, 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.

High Gross Profit to Asset Ratio

This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

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.

Negative free cash flow

The company had negative total free 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.

Analysts rate Lithium Americas Corp. (LAC:NYE) with a Strong Buy rating and a $40 target

Piper Sandler resumed the overweight rating with a $38 LAC stock price target.

Based on the Lithium Americas stock forecast from 4 analysts, the average analyst LAC stock price target is USD 40.17 over the next 12 months. Lithium Americas Corp’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of LAC stock forecast is Bearish, which is based on 2 positive signals and 6 negative signals. At the last closing, Lithium Americas stock price was USD 27.18Lithium Americas stock price has changed by -3.18% over the past week, -1.49% over the past month and +23.49% over the last year.

 

About Lithium Americas Corp. (LAC:NYE):

Lithium Americas Corp. operates as a resource company in the United States and Argentina. The company explores for lithium deposits. It owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina; Thacker Pass project located in north-western Nevada; and Pastos Grandes project located in the Salta province of Argentina. The company was formerly known as Western Lithium USA Corporation and changed its name to Lithium Americas Corp. in March 2016. Lithium Americas Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.

 

 

Most Recent Analyst Rating for LAC’s stock:

Resumed Piper Sandler Overweight USD 38 2022-09-20
Target Lowered Canaccord Capital Buy » Buy USD 50 » USD 49 2022-07-22
Target Lowered by Deutsche Bank Capital USD 36 » USD 33 2022-07-06
Target Lowered by Deutsche Bank Capital USD 40 » USD 36 2022-05-06
Upgrade Morningstar Inc. Buy USD 45 2022-04-12
Target Raised by Deutsche Bank Capital USD 34 » USD 40 2022-04-05
Initiated by Stifel Nicolaus Research Buy 2022-02-24
Initiates Coverage On HSBC Buy USD 36 2022-01-27
Upgrades Cowen Outperform USD 30 » USD 40 2022-01-12
Upgrades Deutsche Bank Capital Buy USD 34 2022-01-11
Upgrades Piper Sandler Overweight USD 32 » USD 41 2022-01-11
Target Raised by B. Riley Positive » Buy USD 25 » USD 44 2021-11-24
Target Raised by Piper Sandler Neutral USD 22 » USD 32 2021-11-22
Target Raised by JP Morgan Overweight USD 28 » USD 39 2021-11-19
Target Raised by National Bank of Canada
Financial Outperform USD 32 » USD 40 2021-11-18
Target Raised by Canaccord Capital Buy USD 35 » USD 46 2021-11-18
Target Raised by TD Research Hold USD 36 » USD 45 2021-11-18
Target Up National Bank of Canada
Financial Outperform USD 50 2021-11-18
Downgraded Deutsche Bank Capital Buy » Hold USD 25 » USD 31 2021-11-16
Initiates Coverage On TD Research Hold USD 36 2021-10-28
Target Raised by Deutsche Bank Capital Buy USD 22 » USD 25 2021-10-04
Initiates Coverage On Piper Sandler Neutral USD 20 2021-10-01
Initiated by JP Morgan & Company Overweight USD 28 2021-09-30
Target Raised by Cowen Outperform USD 17 » USD 19 2021-08-30
Initiated by Industrial Alliance Securities Buy 2021-06-23

 

What we like:

High market capitalization:

LAC stock 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:

LAC 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 LAC stock 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 earnings:

LAC stock price is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value:

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

Highly leveraged:

Lithium Americas Corp. is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the stock forecast and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.

Negative cashflow:

Lithium Americas stock had negative total cash flow in the most recent four quarters.

Negative free cash flow:

Lithium Americas stock had negative total free cash flow in the most recent four quarters.