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B2Gold Corp, Kinross Gold, and SIlvercorp Metals Among Top Canadian Mining Stocks With Huge Growth Potential

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Senior Editor
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Precious metals have been flying high in recent months with prices having surged significantly which is good news for Canadian mining stocks. For instance, gold is up almost 25% year to date and despite operational challenges presented by the pandemic miners have managed to bring exceptional returns in the most recent quarter.

Kinross Gold focusing on growth projects to drive value

One Canadian stock that ha performed exceptionally in recent months is Kinross Gold Corporation (NYSE:KGC) which is up almost 30% in the past there months. The company has benefited from growing gold prices and its focus on growth projects in the Americas. Kinross is delivering strong production from its largest Paracatu mine where it produces at low costs.

The mining company is also expanding the low-cost Gilmore project at Fort Knox which is expected to extend the mine life up to 2030. Also, the Tasiast 24k mine is on course and will increase output to around 21,000 tin per day by next year.

Silvercorp Metals among Canadian mining stocks showing growth potential

Silvercorp Metals Inc. (NYSEAMERICAN:SVM)  is also another stock that has done well this year and it is up 36% year to date. The stock has a huge potential of growing with its Chinese assets where it produces its metals from operating profitably. Its 12-month trailing earnings margin rate is 52.5% compared to the industry average of 22.5%.

The company expects its fiscal 2021 production which will end on March 31 next year to 6.2-6.5 million silver ounces, 66.1 million – 68.5 million pounds of lead as well as 24.5 million – 24.7 million pounds of zinc.

B2Gold Corp announces positive mine results from Mamba area

For investors seeking exposure in the gold sectors, B2Gold Corp (NYSE:BTG) offers a good opportunity. The growth-oriented mining company has primary assets located in the Philippines, Nicaragua, Mali, and Namibia.

Recently the company announced encouraging drill results from the Mamba region located in the anaconda area around 20 kilometers from Fekola Mine. There were also positive infill results from the Fekola mine.

Engine Media, FANDOM SPORTS and Versus Systems Among Candian eSports Stocks Leveraging Opportunities In The Industry

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Senior Editor
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The COVID-19 pandemic had a huge impact on equity stocks but Canadian eSports stock held well as more people turned to eSports for entertainment. The eSports sector is potential markets for investors who are looking for growth stocks as most operators are showing huge growth potential going forward.

Engine Media acquires interest in On Up Group

One Canadian eSports stock that has been performed well in recent times is Engine Media (TSX:GAME) which has been consolidating its position in the industry through acquisitions. The company recently completed the acquisition of a 20.48% stake in mobile game company One Up Group LLC. The acquisition price will be satisfied with their issuance of the principal amount of $3 million convertible debentures by Engine Media.

Also, the company’s UMG Gaming unit has expanded its partnership to manage and run the upcoming Gears Esports season following successful management of the Gears 5 Spring Online Major.

FANDOM Sports To test Its All Ages Esports App

FANDOM Sports Media Corp (CSE:FDM)  has announced that it has uploaded a feature highlight video of all ages SuperFan engagement app. The company’s CEO David Vinokurov stated that they are currently evaluating infrastructure needs and planning for a large scale beta pilot of the app with approved partners. David said that the company has been designing unique and innovative capabilities for the platform which will help in differentiating itself in the iGaming vertical.

According to consumer research firm @CV and ProEdgeMR, revenue in the eSports sector is expected to hit 14 billion this year due to COVID-19 tailwinds.

Versus Systems Appoint David Spiegel to the advisory board

Versus Systems Inc. (CSE:VS) is also enhancing its executive leaders and recently it appointed David Spiegel to the advisory board. Spiegel will bring dynamic experience considering he has a track record in the development and implementation of marketing programs for various media firms and their partners. He has been one of the most popular publishers in the past decade and recently he led the merger of New York media with Vox media.

The Green Organic Dutchman, Tilray and Valens Among Canadian Cannabis Stocks Exuding Huge Growth Potential Going Forward

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Senior Editor
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During the COVID-19 pandemic, cannabis was declared an essential product and as a result, some Canadian cannabis stocks saw a surge in sales generating more revenue for operators. Most pot stocks are currently trading cheaply which could be an opportunity for investors to pick cannabis stocks now.

Valens poised to produce more returns going forward

One stock exhibiting huge growth potential is Valens Company (TSC:VLNS)  which is on track to derive more growth from cannabis derivatives. Valens leans towards high-margin derivative products despite the launch of the products facing supply issues and regulatory products. The company has established itself in the cannabis extraction segment and through the processing of pot and hemp biomass the company has been profitable in there of the last five quarters

Tilray among promising growth Canadian cannabis stocks

Another stock that is showing huge potential is Tilray (NASDAQ:TLRY) with the company on track to improving its margins and attaining profitability by the end of the year.  In the second quarter, the company’s revenue was up 10% YoY to $50.4 million with a gross margin being around 26%. Also, the company reduced its EBITDA loss YoY to $12.3 million from $18.7 million in Q2 2019.

The sales growth was not impressive but this was due to a drop in the average selling price of cannabis by 43% because of the impact of terminating a supply contract. Going into the third quarter the company could post impressive growth since the one time impact has been taken care of.

The Green Organic Dutchman to export products to New Zealand and Australia

The Green Organic Dutchman Holdings Ltd (TSX:TGOD) jumped 11% last week after the company announced an exclusive distribution agreement with LeafCann. The deal with the Australian distributor will see the Canadian cannabis operator export its products to New Zealand and Australia.

Following the successful launch of its Highly Dutch brand in Quebec, TGOD is now looking to expand the brand to the rest of Canada as from late September.

CloudMD, KInaxis, And mCloud Technologies Among Fast Growing Canadian AI Stocks Revolutionizing Different Segments

By
Senior Editor
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Even with the volatility that markets have experienced this year, Canadian AI stocks have performed relatively better compared to broader markets. AI companies are disrupting various sectors and will be important in the next phase of the technology revolution. Some AI stocks have done exceptionally well and are showing massive potential going forward.

Kinaxis leveraging AI to disrupt global supply chains

One of the stocks that have been hot this year is Kinaxis (TSX:KXS) which offers supply chain management and operations solutions. During the pandemic, the company saw its services becoming important as COVID-19 disrupted supply chains with its client base sprawling.

Kinaxis powers its growth through AI and machine learning with the growth of global supply chain analytics and disruptions during the pandemic boosting its growth. During the second quarter, the company saw a 45% growth in total revenue to $61.4 million while SaaS revenue grew 26% to $35.7 million.

mCloud Technologies among fast-growing Canadian AI stocks 

Another AI stock that is exhibiting massive growth is mCloud Technologies Corp (TSXV:MCLD). The company employs AI technologies to address energy problems such as the extension of the health of critical energy infrastructure, maximizing production, and curbing energy waste.

The company’s Connected Industries Business Development VP Brent Stanley stated recently that they focus on connected worker solution. He added that they create software applications for platforms like RealWear to offer users data and remote expert connections required. Its AssetCare platform offers filed data to analytics programs and IIoT supported by the LiveOps team that monitors analytics for users.

CloudMD using AI to transform healthcare

CloudMD Software & Services Inc. (TSX:DOC) is also another AI stocks that are revolutionizing the provision of healthcare. The company employs a connection of AI, telemedicine, and primary care clinics to deliver healthcare to Canadians. Dr. Esssam Hamza the CEO of the company is expected to present during the LD Micro 500 Virtual investor conference running from September 1-4, 2020. LD Micro Investor is one of the largest microcap investor conferences in the US.

Ballard Power, Lightspeed and Real Matters Among Canadian Tech Stocks Promising More Growth Post COVID-19

By
Senior Editor
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Canadian tech stocks have been on a meteoric rise since the market crash in March 2020. Most of the stocks benefitted from COVID-19 tailwinds and have outperformed the broader market with some generating massive gains. Here are some stocks expected to continue growing post-pandemic.

LightSpeed’s omnichannel platform boosted revenue growth during the pandemic

One of the stocks that have performed exceptionally this year is point-of-sale solutions provider Lightspeed POS (TSX:LSPD). The stock has jumped 302% since mid-March thanks to the shift into an omnichannel platform that has boosted demand for the company’s products.

Although the pandemic led to the shutting of the closure of the company’s physical locations retailers it nevertheless managed to hold well. Lightspeed kept its Q2 2020 revenue flat at $36 million QoQ but grew almost 50% from Q2 2019. The company promises more growth even beyond the pandemic as its online platform continues to grow.

Real Matters among Canadian tech stocks riding on COVID-19 tailwinds

Real Matters (TSX:REAL) has also surged over 265% since March thanks to the pandemic which forced banks to lower interest rates which acted as a catalyst for the company. the low rates led to an increase in refinancing activities which offered a solid base for the growth of Real matters.

In its recent quarter, the company reported a 53% growth in net revenue with adjusted EBITDA almost doubling. The company’s tech-based platform is important to insurance companies and mortgage lenders and with refinancing activity surging the Real matters platform has seen a surge in volumes.

Ballard Power reported 9% growth in revenue in Q2

Another Canadian tech stock that has had exceptional results is Ballard Power Systems Inc. (TSX:BLDP). The company’s zero-emission PEM fuel cells enable electrification of mobility that includes trans, commercial trucks, buses, forklift trucks, marine vessels, UAVs, and passenger cars. In Q2 the company reported revenue growth of 9% to $25.8 million with a gross margin of 21. Ballard Power finished the quarter with cash and investment of $170.3 million.

Amex Exploration, Wheaton Precious Metals And B2Gold Among Canadian Mining Stocks Riding On High Precious Metal Prices

By
Senior Editor
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Precious metals have been among the few bright spots this year amid the COVID-19 pandemic that has ravaged markets and Canadian mining stocks have performed exceptionally. In the second quarter, most investors turned to safe-haven assets such as gold with the demand surge leading to higher gold prices.

Amex Exploration discovered high-grade fold in Perron Gold Project

One of the company’s that is benefiting significantly from the recent surge in gold prices is Amex Exploration (TSXV:AMX) which has gained 7,000% in the last 12 months. The company hit high-grade gold in three different zones that include its 100% owned Perron Gold Project located in Quebec.

This gold mining stock offers a huge opportunity of multiplying returns in the long run because it is a leveraged play on gold. For Amex Exploration is exceptional performance was because it succeeded in an area where major miners had failed by hitting a huge discovery.

Wheaton Precious Metals among top-performing Canadian mining stocks

Another stock that has performed exceptionally is Wheaton Precious Metals Corp (NYSE:WPM) which reported inspiring Q2 2020 results.  Revenue was up 30.87% YoY to $247.954 million with the company producing 156,188 ounces of gold equivalent in the quarter. Net Income in the quarter was $105.812 million compared to a net loss of $124.694 million in Q2 2019.

From August 26, 2020, the company will be trading ex-dividend. It has declared a dividend of $0.1 per share payable on September 10, 2020, to stockholders who will be on record before the ex-dividend date.

B2Gold reported record Q2 2020 revenues

B2Gold Corp (NYSE:BTG) is also another Canadian mining stock that is currently looking hot. The company had record cash flow and revenue in Q2 2020 thanks to a 65% YoY increase in sales to $445 million. Despite the political instability in Mali where the company’s Fekola mine is located its operations have not been affected and the company is on track to produce a million gold ounces in 2020.

Enthusiast Gaming, HeadsUp Entertainment, And Score Media & Gaming Among Canadian eSports Stocks Exuding Growth potential

By
Senior Editor
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The esports industry saw a sure during the pandemic as people stayed at home due to COVID-19 and Canadian eSports stocks have benefitted greatly. Newzoo predicts that the gaming market will hit revenue of $159.3 billion this year which is largely due to the shift into esports.

Enthusiast Gaming consolidating its position with the acquisition of Omnia Media

One of the Canadian esports stocks making strides this year is Enthusiast Gaming (TSE:EGLX). The company has been consolidating its position in the esports sector and recently it signed an agreement with Blue Ant to acquire a 100% stake in Omnia Media. Omnia Media is a YouTube gaming platform and the company expects to close the deal in Q3 2020.

Enthusiast Gaming will pay Blue Ant cash of around $11 million subject to changes and vendor-take-back note at $5.75 million face value. Also, the company will receive an 18% interest in Enthusiast Gaming. Once the deal is finalized Enthusiast Gaming will be the largest esports and gaming company in North America in terms of users.

HeadsUp Entertainment among Canadian eSports Stocks

HeadsUp Entertainment International Inc. which also focuses on eSports, online gaming, and sports betting is building its operations in multiple fronts and enhancing its shareholder value. The company is also finalizing a media partnership for new areas of operations, developing 2 new gaming platforms expected to launch soon. As announced previously announced a letter of intent to acquire a licensed gaming operator is in final stages and could be announced by September 5, 2020.

Score Media and Gaming close financing deal to expand theScore Bets in North America

Score Media and Gaming Inc. (TSXV:SCR) has announced the closing of the previously announced bought deal offering through a short-form prospectus. Underwriters bou8ght around 38.5 million of Class A Subordinate Voting Shares of theScore at $0.65 per share for total gross proceeds of around $25.03 million. Proceeds of the offering will be used as general working capital which includes the expansion of the company’s betting operations in the US and Canada.

Village Farms, The Valens And GW Pharmaceuticals Among Canadian Cannabis Stocks Promising Profits

By
Senior Editor
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The past year the marijuana sector endured torrid times but investors should not be fooled because there are some Canadian cannabis stocks that have not lost their allure. Cannabis stocks are turning from the growth phase to the phase where the focus is profitability and few names have been profitable this year despite the impact of the pandemic.

Valens leveraging Cannabis 2.0 to drive profits

One stock that is showing the huge potential that recently posted positive EBITDA is The Valens Company Inc. (TSX:VLNS). The company reported a profit of CA$2.7 million on revenue of CA$17.6 million in Q2 2020 which was almost double what it posted last year. However, the company saw a drop from Q1 revenue which was due to a decline in biomass shipments from its extraction partners.

Valens has massive potential considering it launched its cannabis derivatives and edibles last year. The Cannabis 2.0 market has huge potential and is estimated at CA$2.7 billion with some analysts saying that it will be worth CA$5 billion next year.

Village Farms among profitable Canadian Cannabis stocks

Another profitable cannabis operator is Village Farms International (NASDA:VFF) which held to profitability amid the pandemic. The company’s cannabis Venture Pure Sunfarms broke even in Q2 2002 with an operating profit of $173,000.

The company’s JV is the leading seller of dried cannabis flowers in the most populous province in the country and it is preparing to launch Cannabis 2.0 products. In the past six months, Pure Sunfarms attained a gross margin of 44%.

GW Pharmaceutical’s Epidiolex could generate Sales of 500 million annually

GW Pharmaceuticals (NASDAQ:GWPH) is also another stock that is showing massive growth potential. The company focuses on medical marijuana with its Epidiolex drug that has been approved for the treatment of tuberous sclerosis complex and childhood-onset epilepsy which has the potential of bringing sales of $500 million annually. Although GW Pharmaceuticals is yet to turn a profit it has however lowered its losses in the last two quarters and could post profits next year.

OpenText, Predictmedix and CloudMD Among Fast Growing Canadian AI Stocks Capitalizing on COVID-19 Tailwinds

By
Senior Editor
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The artificial intelligence sector is revolutionizing almost every aspect of our daily lives and Canadian AI stocks are leading in disrupting the space. According to experts, AI is expected to be pervasive and grow exponentially which implies most applications will be automated soon.

Co-op Group integrates OpenText’s supply chain tech to on-board suppliers

Open Text (NASDAQ:OTEX) which is an enterprise software company that offers AI and analytics solutions is currently one of the hot AI stocks in Canada. The company has been employing open-source machine learning models and data from the client to develop a prediction model labeled OpenText™Magellan™.

Recently the company announced that Co-op Group had automated its supplier by onboarding some of its suppliers using the OpenText Trading Grid. The functionality allows suppliers to on-board quickly while at the same time letting suppliers share real-time data ion orders that include sending Advanced Shipping Notification notifying Co-op Group on pending deliveries.

Predictmedix deploys AI-based COVID-19 screening tech in Ontario and Montreal

Another stock that is making strides in the sector is Predictmedix Inc (CSE:PMED) which employs AI-based tech in mass healthcare screening of infectious diseases such as COVID-19. There is the market potential for the company’s AI-screening technologies especially in alcohol cannabis and opioid impairment detection.

The company has deployed its COVID-19 screening technology at two major sites in partnership with North American company Juiceworks Exhibits. The company has launched its tech at the Flow Water facility in Ontario and also in a 24-hour pharmacy location in Montreal. The technology can identify and predict people with a high likelihood of being infected with COVID-19.

CloudMD Software among AI stocks revolutionizing healthcare

CloudMD Software and Services Inc. (TSXV:DOC) is also another AI-based tech company that is transforming healthcare by connecting doctors and patients on its mobile and desktop platform. During the pandemic, the stock surged as patients shifted to online shunning visits to hospitals due to COVID-19. Recently the company entered an agreement for the acquisition of majority interest in West Mississauga medical clinic as it expands its services.

Absolute Software, Enghouse, and LightSpeed Among Canadian Tech Stocks Promising More Growth Beyond 2020

By
Senior Editor
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Although most sectors were impacted significantly by the pandemic Canadian tech stocks on the other hand have had a great year. Canadian tech stocks are on average up 90% year to date and they benefitted from pandemic tailwinds as the need to go digital became apparent. Some of these stocks are poised to delivering massive returns beyond 2020.

Enghouse among Canadian tech stocks poised to offer more returns in the next decade

Enghouse Systems (TSX:ENGH) is one of the stocks that will deliver huge returns in the next decade having delivered over 1500%to shareholders in the last ten years. The $4 billion company is in a better position to continue delivering more returns partly because of its specialty area which is enterprise-level software solutions.

The company also specializes in communication networks and visual computing which are areas expected to see demand growth as more people work from home. Most importantly the company has reinvested most of its returns into the business via strategic acquisitions of various software enterprises.

Absolute Software’s solutions becoming important in the current setting

Another exciting Canadian tech stock is Absolute Software Corp (TSX:ABT) which is expected to show exceptional performance beyond 2020. The company is a leader in the cybersecurity sector which provides tracking and tracing software solutions for laptops. The cybersecurity space is a potential sector and the company’s services are increasingly becoming necessary which is interesting.

In the FY2020 ended June 30, 2020, Absolute reported revenue of $104.7 million which is a 6% YoY increase. For FY2021 the company expects to grow annual revenue by 7%-13% to between $112 million and $118 million.

Lightspeed showing solid performance amid the pandemic

Lightspeed POS (TSX:LSPD) is also another attractive Canadian tech stock currently which has risen 85 years to date. In its recent quarter, the company almost doubled its gross e-commerce transaction volume with the payments and recurring software revenue increasing 57% YoY. Despite the impact of the pandemic the company still expects revenue of between $38-$40 million for the September quarter.

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