Weekly Watchlist - Feb.17, 2024 - Beaten up stocks

When the pendulum swings back the other way, it won't take much for these names to double or triple.

Copaur Minerals - Market Cap $13 Million Canadian

What a ride it's been for Copaur Shareholders, you did well to sell the top in early 2022. I didn’t expect this kind of carnage in the name, but here we are, the stock has a made a full round trip back to 2021 levels.

Copaur has 3 really good projects with proven drill results and the flagship even has a resource already of over 500k ounces in Nevada. Which was once considered the top jurisdiction in the world for these type of projects.

I think part of what’s going on is that the market realizes that Copaur is going to eventually have to raise some capital in 2024, and with no upcoming drill results in the short term there will be no catalyst for the stock. This may get even cheaper yet.

Whenever the sector turns around, it wouldn’t surprise me to this stock double or triple in very short order. If they can replicate some of their drilling success in a bull market for the sector, it could be alot of fun.

Sibayne Stillwater - Market Cap 3.3 Billion USD

Sibayne is a large producer of multiple commodities, but the main focus is Platinum group metals and precious metals. The stock was over $20 in 2022 but is now close to $4, the company is also focused on shareholder returns and the current annual dividend yield is over 6%.

I don’t mind getting paid to wait for the sector to turn around. Palladium prices are now back to 2018 levels at under $1000 per ounce, Platinum is currently $900 an ounce, it was over $2300 an ounce in 2008 at it’s peak. I don’t think either of those commodities are as left for dead as many believe, both are extremely scarce.

There has been some big players taking positions in the stock recently, JP Morgan just took a 5% stake yesterday. Follow the smart money.

Sibayne currently trades at a large discount to book value with the ratio currently at .63 over the last 5 years the average has been nearly 2. This is one metric but does point to it being very undervalued here.

With earnings set to be released in the next couple weeks, I will be watching closely and if the stock takes another hit, I will add at these levels.

Disclaimer

The views and opinions expressed on this website are for educational and informational purposes only, and should not be considered as investment advice. The author may hold positions in stocks mentioned on this website.  The author of this website is not a licensed stockbroker or financial advisor.  Nothing contained herein should be construed as a recommendation to buy, hold or sell any securities or financial products.  Always seek the advice of a financial advisor and do your own independent research prior to making any trade or investment decisions.

We do not guarantee the accuracy or completeness of any information on this website.  Such information is provided “as is” without warranty or condition of any kind, either express or implied.  Past performance may not be indicative of future results. This website could include inaccuracies or typographical errors.

We are not liable or responsible for any damages incurred whatsoever from actions taken from information provided on this website, including financial losses.  Since all readers who access any information on this website are doing so voluntarily, and of their own accord, any outcome of such access is understood to be their sole responsibility.  In no event shall we be liable to any person for any decision made or action taken in reliance upon the information provided herein.