Profound Medical
This stock was just upgraded to Strong Buy at Raymond James. Profound Medical Corp. (NASDAQ: PROF) operates as a commercial-stage medical device company that develops magnetic resonance guided ablation procedures for treatment of prostate disease, uterine fibroids and palliative pain treatment in Canada, Germany, the United States and Finland.
The company’s lead product is the Tula-Pro system, which is used for magnetic resonance imaging scanners in hospitals and treatment facilities. The company also offers Sonalleve, a therapeutic platform for the treatment of uterine fibroids and palliative pain relief associated with metastases in bone, as well as noninvasive treatment of uterine fibroids.
Data shows that hedge funds are big fans of the stock as they own 26% of the shares. In addition the company’s CEO, Arun Menawat, owns 2% of the stock.
Raymond James has set a $15 target price. The consensus target is $13.31, and the stock traded on Friday at $4.85. Hitting the Raymond James target would be a 200% gain.
Skeena Resources
Gold has started to trade higher, and this could be a great way to play the precious metal. Skeena Resources Ltd. (NYSE: SKE) explores and develops mineral properties in Canada.
The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip and Eskay Creek gold mines. The former comprises one mining lease and four mineral tenures that cover an area of approximately 1,932 hectares, and the latter consists of eight mineral leases, two surface leases and various unpatented mining claims, that total 6,151 hectares in British Columbia. The company was formerly known as Prolific Resources and changed its name in June 1990.
Recently, gold broke through the downtrend line from back in March and could be ready for a big move higher.
The $16 target price at Raymond James is less than the 52-week high of $13.39, but the stock traded on Friday at $5.50. Hitting the Raymond James target would be a 190% gain.
These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, they are not penny stocks with absolutely no track record or liquidity.
Originally published at 24/7 Wall St.
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