October 11th Picks

Trevali Mining Corp (TSX:$TV)

This commodities producer is looking to take advantage of the recent surge in global zinc prices and demand. In August, the company completed the acquisition of a portfolio of zinc assets from Glencore PLC, one of the biggest commodity mining companies in the world.

In addition to the Glencore assets, Trevali also operates the Santander mine in Peru and the Caribou mine in New Brunswick, positioning the company as a global top 10 producer of zinc. The most recent median target price for Trevali’s shares set by analysts is at $2.00 per share. The shares are currently trading at $1.56.

Average Volume: 3.12 million

Market Cap: $1.3 billion

P/E Ratio (TTM): 44.15

EPS (TTM): $0.0358

 

Trican Well Service Ltd (TSX:$TCW)

Trican was one of the most actively traded stocks of the day, with share price up by 2.37% at market close on Wednesday, reaching a 100-day high.

The company specializes in products and services that are used in the development and exploration of oil and gas reserves. Its recent merger with Canyon Services has made Trican the biggest driller in Canada. In the second quarter of 2017, the company experienced a massive 322% revenue increase compared with the same quarter last year, and it expects to continue its strong performance in the second half.

Average Volume: 1.91 million

Market Cap: $1.61 billion

P/E Ratio (TTM): N/A

EPS (TTM): -$0.0077

 

Lithium Americas Corp (TSX:$LAC)

The company conducts its lithium mining operations in Argentina and Nevada. It is poised to benefit from its Cauchari-Olaroz lithium project in Argentina through a positive feasibility study and its joint venture with SQM, a well-known lithium brine operator.

Also, with the surging global demand for lithium used in electric vehicle batteries, lithium companies, especially those operating in the lithium hotbed known as Argentina like Lithium Americas, will surely profit from the higher lithium prices.

Average Volume: 1.15 million

Market Cap: $769.06 million

P/E Ratio (TTM): N/A

EPS (TTM): -$0.095

 

Sherritt International Corp. (TSX:$S)

Another mining company, Sherritt is engaged in nickel and cobalt operations in Canada, Cuba and Madagascar. Although shares of the company dropped by 1.59% on Wednesday after setting a 100-day high, in the long term, the company will be able to gain from the booming battery market, since nickel and cobalt are highly sought after by battery manufacturers. Also, the geographical locations of its projects provide investors with low-cost, high-reward potential.

Average Volume: 712,690

Market Cap: $371.84 million

P/E Ratio (TTM): N/A

EPS (TTM): -$1.38

Village Farms International Inc (TSX:$VFF)

Village Farms is one of the largest vertically integrated greenhouse growers in North America, and the only publicly traded greenhouse produce company in Canada. Its shares jumped by 26.17% to $3.76 per share at market close on Wednesday, reaching a 52-week high.

Average Volume: 68,750

Market Cap: $116.66 million

P/E Ratio (TTM): 29.59

EPS (TTM): $0.1007

Featured Image: villagefarms.com

About the author: In addition to writing financial content and analysis, Jackson has worked as a business journalist at Stockwatch and research analyst at various organizations. He obtained his MA Economics from Concordia University in Montreal and BA Economics from the University of British Columbia, with special emphasis on environmental and industrial economics.