This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Stocks Under $3 With Upside

8. Northgate Minerals (NXG) is a Canada-based gold and copper company with operations, development projects and exploration properties in Canada and Australia. The company is focused on the Kemess mine in British Columbia, Canada; Fosterville in Australia; Stawell in Australia; and Young-Davidson, located near the town of Kirkland Lake, Ontario.

Revenue for the first quarter of 2011 came in at $123 million, down 1.8% from $125.3 million in the first quarter of the prior year. Metal sales were 56,937 ounces of gold at a realized price of $1,386 per ounce, and 9 million pounds of copper at a realized price of $2.77 per pound. Adjusted net profit stood at $7.5 million or 2 cents per share, compared to $6.3 million or 2 cents per share.

Cash flow from operations was a strong $40.1 million or 14 cents per share. Subsequently, cash and cash equivalents stood at $308.1 million, while the company had a current ratio of 3.55

Of the eight analysts covering the stock, 75% recommend a buy, while the remaining rate a hold. There are no sell ratings on the stock. On average, analysts estimate 49.2% upside to $4.28 in value from current levels.

3 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
BRD $0.00 0.00%
GLCH $6.00 0.00%
PURE $0.55 0.00%
ACPW $2.40 0.00%
CPST $0.64 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs