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  4 Mining Stocks That Could Pull Off Positive Surprises This Earnings Season  
  Lorimer Wilson on 2019-02-07 03:45:56.0
 
 

"…Given the large number of players operating in the mining space, picking the right stocks is…not an easy task but our proprietary methodology makes it fairly simple."

Prepared by Lorimer Wilson, editor of munKNEE.com - Your KEY To Making Money! [Editor's Note: This summary* of the original article by Anindya Barman has been edited ([ ]), restructured and abridged (?) by 70% for a FASTER - and easier - read.]

"One can trim down the list with the combination of a favorable Zacks Rank…and a positive Zacks Earnings ESP. You can uncover the best stocks to buy or sell before they report with our Earnings ESP Filter.

Earnings ESP ? the percentage difference between the Most Accurate Estimate and the Zacks Consensus Estimate ? is our proprietary methodology for determining stocks that have high chances of delivering earnings surprises in their next announcements. Our research shows that for stocks with this combination, the chance of a positive earnings surprise is as much as 70%.

Our Choices

Below we list 4 mining stocks that have the right combination of elements to pull off positive surprises this earnings season:

1. New Gold Inc. (NGD) is an intermediate gold mining company with assets in Canada and Mexico….The stock has an Earnings ESP of +166.7% and carries a Zacks Rank of #2. The company delivered a positive earnings surprise of 66.7% in the last reported quarter.

2. Osisko Gold Royalties Ltd (OR) is a mining company…engaged in exploration and mining for gold and other precious metals…The stock has an Earnings ESP of +60% and a Zacks Rank of #3. The company delivered a positive earnings surprise of 200% in the last reported quarter.

3. Hudbay Minerals Inc. (HBM) is a mining company…engaged in the discovery, production and marketing of base and precious metals in North and Central America…[HBM has a] Zacks Rank of #3 stock…[and] an Earnings ESP of +100%. The company delivered a positive earnings surprise of 350% in the last reported quarter.

4. Teck Resources Limited (TECK) is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy…The stock has an Earnings ESP of +4.81% and carries a Zacks Rank of #3. The Zacks Consensus Estimate for Q4 earnings has been revised 3.7% upward over the last 60 days."

(*The author's views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.)

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The post 4 Mining Stocks That Could Pull Off Positive Surprises This Earnings Season appeared first on munKNEE.com.

 
 
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