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Calibre Mining Corp. (CXB)
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TerraVest Industries Inc. (TVK)
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Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A)
Q: Thanks to you,I've done well with TVK and HPS.A
With the recent drop in their share prices-Would you be comfortable adding here or am I trying to catch a falling knife?
Also what is your opinion of CXB as a Mid tier gold miner? It has had a good run lately,as have most gold stocks.
Thankyou!
With the recent drop in their share prices-Would you be comfortable adding here or am I trying to catch a falling knife?
Also what is your opinion of CXB as a Mid tier gold miner? It has had a good run lately,as have most gold stocks.
Thankyou!
5i Research Answer:
Up to a point. We would continue to keep weighting size in mind, as there are still risks. But we think both HPS and TVK have been beaten up sufficiently on tariff concerns. Tariffs may not happen to the degree investors fear. The general outlook for both (non tariff) remains solid and the valuation adjustments do make them more attractive overall. CXB is up 40% YTD and reports tonight. EPS growth does look very good. The balance sheet has some leverage and the stock is not particularly cheap at 30X earnings. But as a growing mid-tier producer we think it looks fairly attractive overall. The sector outlook remains strong.