Energy Stocks, Gold Stock with a Recent Analyst Upgrade

Most of the analysts who re-examined the gold stock, energy stocks on our list have increased their price targets and ratings

SmallCapPower | March 7, 2018: The energy stocks, gold stock on our list today have received improved ratings from analysts, due largely to expectations of increased production in 2018. They hold an average price upside of 66%. If these companies perform in-line with analyst predictions, they could see strong returns over the coming year.

Raging River Exploration Inc. (TSX:RRX) – $6.06
Oil & Gas Exploration and Production

Raging River Exploration is a Canada-based oil & gas exploration company operating in Alberta. The Company expects to produce 24,500 boe/d in 2018. RRX commenced production at its Duvernay light oil project in November and plans to conduct further drilling at the site throughout the year.

  • Market Cap: $1,401.7 Million
  • Number of Analysts Revising Up FY2018: 6
  • Average Price Target: $10.17
  • Price Upside: 68%

Spartan Energy Corp. (TSX:SPE) – $5.35
Oil & Gas Exploration and Production

Spartan Energy is a Canada-based oil and gas producer operating in Saskatchewan. The Company expects to produce 25,000 boe/d in 2018. While the Company’s operations are currently focused in southeast Saskatchewan, Spartan aims to expand its operations to West Central Saskatchewan and Alberta.

  • Market Cap: $951.2 Million
  • Number of Analysts Revising Up FY2018: 6
  • Average Price Target: $9.73
  • Price Upside: 82%

New Gold Inc.  (TSX:NGD) – $3.37
Gold

New Gold is a Canada-based gold producer operating in North America. The Company expects to produce 560 koz Au in 2018, up year-over-year from 430 koz driven by a production expansion at its Rainy River asset.

  • Market Cap: $1,915.7 Million
  • Number of Analysts Revising Up FY2018: 7
  • Average Price Target: $5.00
  • Price Upside: 48%

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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