Kinross Gold
Investors who are more aggressive may want to consider this smaller-cap mining company. Kinross Gold Corp. (NYSE: KGC) engages in the acquisition, exploration and development of gold properties principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana and Mauritania.
The company is also involved in the extraction and processing of gold-containing ores, reclamation of gold mining properties and the production and sale of silver.
Kinross announced last month that it has acquired deemed beneficial ownership of 5,018,017 common shares of Allegiant Gold issuable upon exercise of common share purchase warrants previously acquired by Kinross. The warrants were acquired as part of the previously announced investment in Allegiant completed on March 17, 2022. Pursuant to the investment, Kinross purchased 10,036,034 units of Allegiant, representing 9.9% of its issued and outstanding shares. Each unit consisted of one common share and one-half of one common share purchase warrant.
Kinross Gold stock investors receive a 2.89% dividend. The BofA Securities price target is $4.90, while the consensus target is $5.62. On Friday, shares traded at $3.85 apiece.
Opendoor Technologies
This could be one of the best small-cap technology ideas now. Opendoor Technologies Inc. (NASDAQ: OPEN) operates a digital platform for residential real estate in the United States. The platform enables consumers to buy and sell a home online. The company also provides title insurance and escrow services.
Mortgage rates have dropped some recently, after zooming over 7% late last year. While the housing market is cooling some, in the hot markets the company focuses on, like Phoenix, the demand is still strong.
The $4.50 JMP Securities target price compares with the $4.31 consensus target and a $2.05 share price seen on Friday.
SoundHound AI
This top artificial intelligence (AI) stock could be a huge winner as its technology continues to be added to other platforms. SoundHound AI Inc. (NASDAQ: SOUN) develops an independent voice AI platform that enables businesses across industries to deliver high-quality conversational experiences to their customers.
Its products include the Houndify platform, which offers a suite of Houndify tools to help brands build conversational voice assistants, such as automatic speech recognition, natural language understanding, wake words, custom domains, text-to-speech and embedded voice solutions.
The company announced in January that as part of a targeted restructuring, it will increase its focus on SoundHound for Restaurants while reducing investment in new verticals and already completed language development projects. It will maintain its growing licensing business in smart devices, TV and automotive verticals.
These measures are expected to reduce costs by approximately 40% while still enabling the company to deliver revenue growth of over 50% in 2023. As a result of this restructuring, cost reductions and revenue growth, SoundHound expects to have much lighter capital needs going forward and become operating cash flow positive by the fourth quarter of this year.
Wedbush has set its target price at $5. The consensus target is $3.70, and shares traded on Friday at $3.65.
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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