The Canadian small cap stocks on our list have a significant portion of their sales in the United States
SmallCapPower | July 28, 2017: The Canadian dollar is up 7% compared to the U.S. dollar this year. A rising dollar can help businesses who import products from abroad. Due to the increase in the relative strength in the dollar, these businesses can now import goods at a lower cost. This has the opposite effects for businesses who are net exporters, as companies abroad now must pay more for the domestic product. Since the Canadian dollar has risen relative to the U.S. dollar this year, Canadian companies who export to the U.S. may see a slump in sales. Today we have identified three Canadian small cap stocks that have a significant portion of their revenues generated from U.S. sales.
Centerra Gold Inc. (TSX: CG) – $6.67
Gold
Centerra Gold Inc. is a Canada-based gold mining company focused on operating, developing, exploring and acquiring gold properties in Asia, North America and other markets across the world. Its Kyrgyz segment includes Kumtor Gold Co. (KGC) (Kyrgyz Republic), which operates Kumtor Mine. Its Mongolian segment includes Centerra Gold Mongolia LLC (CGM) (Mongolia), which operates ATO Project and Gatsuurt Project, and Boroo Gold LLC (BGC) (Mongolia), which operates Boroo Mine. Its Turkish segment includes Centerra Luxembourg Holdings S.ar.L (Luxembourg), Centerra Exploration B.V. (CEBV) (The Netherlands), and Oksut Madencilik Sanayi Ve Tkaret A.S. (Turkey), which operates Oksut Project. Its Canadian segment includes Hearts Peak Project and Greenstone Gold Mines (Canada).
- Market Cap: $1,942,845,644
- Revenue (LTM): $1,298,116,828
- Primary Country of Risk: U.S.
International Barrier Technology Inc. (TSXV: IBH) – $0.31
Construction Supplies & Fixtures
International Barrier Technology Inc. (Barrier) manufactures and sells fire-rated building materials in the United States. The Company’s product, Pyrotite, a fire-barrier material consists of the formulation reinforced with chopped fiberglass strands and applied directly to structural sheathing (oriented strand board (OSB) or plywood) designed to prevent ignition and inhibit the spread of flames. The product is marketed through supply agreements as LP FlameBlock Fire-Rated OSB Sheathing into Residential Roof Deck, Wall Assembly, Wildland Urban Interface Zones and Structurally Insulated Panel (SIP) market, and Blazeguard FR Deck Panel into the commercial modular market.
- Market Cap: $16,642,327
- Revenue (LTM): 5,181,000
- Primary Country of Risk: U.S.
Omni Lite Industries Canada Inc. (TSXV: OML) – $1.92
Iron & Steel
Omni-Lite Industries Canada Inc. is a research and development company engaged in the manufacture of precision components forged from composite and other alloyed materials. The Company operates through four business segments: Military, Aerospace, Specialty Automotive, and Sports and Recreation. The Company’s geographical segments are the United States, Canada and Barbados. The Company’s activities consist of developing, producing and marketing specialized metal matrix composite, aluminum, carbon and stainless steel alloy products. Through its subsidiaries Omni-Lite Industries International Inc., Omni-Lite Industries California Inc., Formed Fast International Inc. and Omni-Lite Properties Inc., the Company designs, engineers, manufactures and markets specialized components to a range of Fortune 500 customers.
- Market Cap: $19,806,835
- Revenue (LTM): 10,439,000
- Primary Country of Risk: U.S.
Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.
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