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6 stocks for less than $10 that you shouldn't overlook

Jamie Cameron
12. 4. 2024
4 min read

Today, we take a look at six dynamic companies from different sectors that have proven to be particularly interesting with their financial results and potential for the coming year. We'll present key numbers and analyst estimates that suggest revenue and earnings growth, despite some of the challenges these firms have faced in the past year.

These companies have specific strategies and trends that could positively impact their future performance in light of global economic uncertainties and volatile market conditions.

Seanergy Maritime $SHIP+1.0%

Seanergy Maritime specializes in shipping dry commodities worldwide. The company operates a fleet of 17 cargo ships to provide global shipping operations. In 2023, Seanergy reported unexpected earnings per share of 3 cents in the second quarter, which represented a surprise of 160 % against an expected loss. Despite these positive results, the company still faces high risk due to uncertainties in the global economy that could affect the cargo and shipping industry. For 2024, analysts expect revenue of $147.52 million and EPS of $1.19, pointing to potential growth from the previous year, when the company posted revenue of $110.23 million and EPS of 12 cents.

SHIP
$12.13 $0.12 +1.00%
Capital Structure
Market Cap
248.8M
Enterpr. Val.
448.2M
Valuation
P/E
12.6
P/S
1.9
Dividends
Yield
1.4%
Payout
12.2%

Crescent Point Energy $CPG-0.1%

Crescent Point Energy is a major player in the upstream oil and natural gas. It primarily concentrates its operations in Canada and the US, where it focuses on the exploration and development of hydrocarbon resources. In 2023, the company reported Mixed results, but delivered excellent results in the fourth quarter, raising expectations for the period ahead. For 2024, analysts expect Crescent Point's revenue to reach $3.18 billion, which would represent a 35% increase from $2.36 billion last year. Although the company's performance in fiscal 2023 has fluctuated, its stock may remain attractive due to heightened geopolitical tensions that could drive up oil prices.

CPG
$8.59 -$0.01 -0.12%
Capital Structure
Market Cap
5.3B
Enterpr. Val.
10.9B
Valuation
P/E
23.9
P/S
2.0
Dividends
Yield
3.2%
Payout
-458.0%

Hudbay Minerals $HBM+3.7%

Hudbay Minerals is a diversified mining company that focuses on producing copper concentratesprimarily in North and South America. In 2023, Hudbay showed significant fluctuations in its financial results, but showed improvement in the fourth quarter when it achieved EPS of 20 cents, beating the expected target of 12 cents per share. For 2024, analysts expect further growthforecasting revenue of $1.91 billion and EPS of 38 cents, a significant improvement over last year. This forecast reflects the company's potential to take advantage of the growing global demand for copper, a key raw material for the electrical and renewable energy industries.

HBM
$9.99 $0.36 +3.74%
Capital Structure
Market Cap
3.5B
Enterpr. Val.
4.6B
Valuation
P/E
41.6
P/S
1.8
Dividends
Yield
0.1%
Payout
6.2%

TransAlta Corporation $TAC+0.1%

TransAlta Corporation, a leading electrical supplier energy with an extensive portfolio that includes hydroelectric, wind and solar farms, gas-fired power plants and cleaner energy transition projects. In 2023, TransAlta reported significant growth in the first three quarters, with an average surprise of 206,3 % above expectations, demonstrating its ability to respond effectively to market demands and optimize its operations. However, in the fourth quarter, the company posted a loss of 20 cents per share, worse than the expected 14 cents. Although analysts are forecasting a loss for the current year a decline sales to $1.99 billion, which would be 20% less than last year, the company is still well positioned to take advantage of the continued interest in renewable energy and can expect a resurgence in growth.

TAC
$7.11 $0.01 +0.14%
Capital Structure
Market Cap
2.2B
Enterpr. Val.
6.7B
Valuation
P/E
5.0
P/S
0.9
Dividends
Yield
1.7%
Payout
17.8%

Centerra Gold $CGAU+2.7%

Centerra Gold, a major mining company focused on gold and copperoperating in North America, Turkey and other international locations. In 2023, Centerra experienced challenges, which were reflected in its financial results, particularly when in the first quarter. For fiscal year 2024, analysts expect Centerra to achieve revenue of $1.14 billion and EPS of 40 cents, representing significant improvement over last year, when revenue was $1.09 billion and EPS was 5 cents. With the growing interest in gold as a hedge against inflation, Centerra Gold may provide an investment opportunity with the potential for steady dividend income and capital growth.

CGAU
$7.21 $0.19 +2.71%
Capital Structure
Market Cap
1.6B
Enterpr. Val.
929.2M
Valuation
P/E
27.7
P/S
1.3
Dividends
Yield
2.1%
Payout
77.6%

Sandstorm Gold $SAND+1.0%

Sandstorm Gold operates as a company with gold royalties and provides predictable cash flow through gold purchase agreements from the operations of other mining companies. In 2023, the company went through a volatile period but ended the year strongly with a quarterly surprise of 300 % above expectations in the fourth quarter. For fiscal year 2024, analysts expect Sandstorm Gold to post revenue of $168.6 million, down slightly from the previous year's $179.6 million, on expected EPS of 7 cents. With a forward yield of 1.15% and stable royalty income, Sandstorm has the potential to offer investors attractive combination predictability and speculative growth, which is important in a volatile economic environment.

SAND
$5.86 $0.06 +1.03%
Capital Structure
Market Cap
1.7B
Enterpr. Val.
2.2B
Valuation
P/E
73.3
P/S
9.7
Dividends
Yield
1.4%
Payout
81.1%

Disclaimer: There is plenty of inspiration to be found on Bulios, but stock selection and portfolio construction is up to you, so always conduct thorough self-analysis.

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