In the case of the following three Canadian small caps, for one reason or the other, the analyst estimated earnings per share (EPS) targets have been put at a significant increase to the company’s last reported EPS. Generally, this would signal either a very strong (earnings generating) news release, or the start to profitability.
Kelt Exploration Ltd. (TSX: KEL)
Kelt Exploration Ltd., is a Canada-based oil and gas company. The Company is focused on exploration, development and production of crude oil and natural gas resources, primarily in west central Alberta and northeastern British Columbia. The Company’s land holdings are located in three core areas: a natural gas property at Grand Cache, Alberta, a liquids-rich natural gas property at Inga, British Columbia, and an oil prospect at Karr, Alberta. The Company was ormed as a result of a plan of arrangement involving Celtic Exploration Ltd., ExxonMobil Celtic ULC, a wholly owned subsidiary of ExxonMobil Canada Ltd., and the Company. In December 2013, Kelt Exploration Ltd. Completed acquisition of certain crude oil and natural gas assets located at Pouce Coupe/Spirit River. In July 2014, Kelt Exploration Ltd completed the acquisition of private Canadian oil and gas company with crude oil and natural gas assets located at Valhalla/La Glace.
Market Cap: $1,046,472,087
EPS Upgrade: 321%
Price Change (1 month): 32%
Richmont Mines Inc. (TSX: RIC)
Richmont Mines Inc. is engaged in activities related to the acquisition, exploration, development and operation of mineral properties. The Company produces gold from the Island Gold Mine in Ontario, and the Beaufor Mine, Monique Mine and the W Zone Mine in Quebec. The Company is advancing the Island Gold Deep project beneath the Island Gold Mine in Ontario. The Beaufor Mine property and the W Zone Mine, along with other adjacent properties such as Pascalis, Perron, Colombière, Courvan and Perron Blocks 2, 3 and 4, are located approximately 20 kilometres northeast of the town of Val-d’Or, in the Abitibi-East country, in the Province of Quebec. The Island Gold Mine is located approximately 83 km northeast of Wawa, Ontario, in the Sault Ste.
Market Cap: $230,896,756
EPS Upgrade: 165%
Price Change (1 month): -9%
CRH Medical Corp. (TSX: CRH)
CRH Medical Corporation is a North American company focussed on providing physicians with innovative products for the treatment of gastrointestinal diseases. The Company’s distribution strategy focuses on physician education, patient outcomes, and patient awareness. CRH creates meaningful relationships with physicians. The Company’s first, and currently only product, the CRH O’Regan System, is a single use, disposable, hemorrhoid technology that is safe and highly effective in treating hemorrhoid grades I – IV. CRH distributes the CRH O’Regan System, treatment protocols, operational and marketing expertise as a complete, turnkey package directly to physicians. CRH utilizes its Web-based platform to connect doctors with patients, as well as educating its install base of physicians.
Market Cap: $214,937,296
EPS Upgrade: 138%
Price Change (1 month): 68%
