NEW YORK ( TheStreet) -- Gerdau ( GGB), Petroleo Brasileiro ( PBR), Banco Bradesco ( BBD), Itau Unibanco Holding ( ITUB), Ryanair ( RYAAY), VALE ( VALE), Rio Tinto ( RIO), GoldCorp ( GG), Barclays Plc ( BCS) and Lloyds Banking Group ( LYG) have an upside of 27% to 70%, based on analysts' consensus estimates of 12-month price targets.

Besides providing attractive returns, these stocks receive high ratings from analysts. We have identified stocks from Brazil, Ireland, U.K. and Canada and diverse sectors, such as airlines, metals & mining, banking & financials and energy, that you should watch.

These stocks have a minimum market capitalization of $10 billion and the potential to deliver average earnings growth of around 30%-50% during 2011. On average, the following 10 stocks delivered around 15%-20% returns in 2010 and are expected to be strong, going forward.

The stocks are stacked by upside, great to greatest.

10. Gerdau is an integrated steel player operating in Brazil, North America and Latin America.

During the third quarter, net revenue increased 20% year-over-year on the back of improved sales. However, higher production costs dented profitability. Gross Income declined 7% during this period.

Pursuant to its expansion plans, Gerdau acquired Gerdau Ameristeel and Acos Villares (a company engaged in the production of long steel), during the past six months. These acquisitions will increase Gerdau's exposure in specialty steel.

The stock is trading at 7-7.2 times its estimated 2011 enterprise value per EBITDA, compared to the peer average of 6-6.2 times, and has a dividend yield of 1.7%.

9. Petroleo Brasileiro is an integrated state-owned oil and gas major in Brazil operating in segments like exploration, production and refining. The company has forged partnerships with several international oil companies like Royal Dutch Shell ( RDS.A) and Exxon Mobil ( XOM).

Petrobras' estimated oil reserves are 11 billion-12 billion barrels of oil equivalent, with a production output of more than 2 million barrels of oil equivalent per day. The energy giant recently acquired Libra oil field in the Santos Basin, and this additional acreage will sustain the present production growth rate of 5% to 7% over the next few years, according to a JPMorgan report.

Exploration and production capex stood at $8.8 billion, doubling from the second quarter. The majority of investment was utilized for pre-salt projects. Overall, experts peg 2011 capex at around $30 billion-$35 billion.

The company has a replacement ratio -- which indicates the reserves added over production --of 144%, surpassing the ratios for China Petroleum & Chemical Corporation ( SNP) and PetroChina ( PTR). Petrobras has underperformed during the past year, shedding around 15%. Analysts expect a substantial upside from current levels in the coming months. The stock is trading at 11 times its 2011 earnings.

8. Banco Bradesco is among the top five banks in Brazil, in terms of assets.

During the third quarter, corporate and auto loans (accounting for two-thirds of total loans) declined, as regulators aimed to prevent the formation of a credit bubble. Overall, the increase in total loans was slower than forecasts, at 20% year over year. However, payroll loans, personal loans and SMEs grew at 71%, 50% and 27.5%, respectively.

Tighter spreads that declined 30 basis points quarter-over-quarter plunged net interest margins (NIM) to 7.5% at the end of September. Moreover, the bank has a 25% market share in insurance premiums.

The stock has a positive outlook, given its medium-term growth prospects. Earnings are expected to grow at 20%-30% during 2011. Strong asset quality would also upgrade its earnings profile in 2011. The bank's provision coverage stands at 122.6%, up 100 basis points from the June quarter. Dividend yield stands at 0.9%, with a capital adequacy ratio of 16.8%, as of March 2010. The stock is trading at 3 times its 2011 book.

7. Itau Unibanco Holding is a Brazil-based commercial bank operating in the corporate and investment banking segments.

During the September quarter, loan growth stood at 18%. Corporate loan growth was slower at 7%, while SME and retail lending rose 30% and 21%, respectively. However, higher funding costs and competition took a toll on NIM, in turn, weighing on NII, which grew 3% quarter over quarter.

Going forward, lower operating costs could boost earnings, which will manifest in 2011 when branch integration costs lower. Favorable asset quality trends may also improve earnings. Itau's 25% return on equity is encouraging, and the stock has delivered 7% gains to investors during the last year.

6. Ryanair is the holding company for Ryanair, which is Europe's largest passenger airline operating in Ireland, U.K. and continental Europe.

During the third quarter, total revenue grew 22% year-over-year, on the 6% year-over-year increase in traffic, to 17 million from 16 million a year ago. Average fares rose 15% during the same period. Unit costs were up 15% and loss reduced to ¿10 million (around $14 million) for the third quarter.

In a press statement, Michael O'Leary, Ryanair's CEO, said, "This small quarter three loss of ¿10 million (around $14 million) is disappointing, as we were on track to break even, but earnings were hit by a series of air traffic control strikes/walkouts, compounded by a spate of bad weather airport closures in December. The scale of these disruptions is evident by the fact that we cancelled over 3,000 flights in the third quarter, compared to over 1,400 cancellations during the previous fiscal year." The stock is trading at 12.6 times its estimated 2011 earnings.

5. VALE is a metals and mining giant producing iron ore and iron ore pellets.

The company reported record revenues, margins, earnings and cash flows during the third quarter. Operating revenue increased 110% year-over-year to $14.5 billion, while operating income and net profit surged 200% each. Operating margin increased to 55.6% from 47.9% in the second quarter.

Sales of bulk materials comprising of iron ore, pellets, manganese ore and ferroalloy, metallurgical and thermal coal represented 77.7% of the third-quarter operating revenues, in line with 75.6% realized in the second quarter. Sales to Asia contributed 56.4% toward total revenue in the third quarter from 48.2% in the second quarter. The stock is trading at 6.7 times its estimated 2011 earnings.

4. Rio Tinto is a global metal and mining player, especially in aluminum, copper, coal and iron ore. The company has operations in more than 50 countries, with bulk production coming from Australia and North America.

Global iron ore operations set a new quarterly production record of 65 million tonnes and a new annual record at 239 million tonnes. Besides, coking coal and bauxite production also swelled. However, mined and refined copper production slumped during this period.

Rio Tinto announced an off-market takeover offer to acquire all outstanding shares of Riversdale Mining at a 16 AUD per share cash offer. During the fourth quarter, the company announced capital projects worth $5.5 billion and the figure for the full year amounts to $10.8 billion. The stock is trading at 7.6 times its 2011 earnings and has gained 34% during the last year.

3. GoldCorp is a Canada-based gold producer with operations in North and South Americas.

Robust gold sales increased revenue 28% year-over-year to $885.8 million during the September quarter. Net profit surged over 65% year-over-year to $231.5 million.

The company reported higher cash flows before working capital in the order of $470.6 million on production of 596,200 ounces and lower cash costs.

On gold production details, Chuck Jeannes, Goldcorp president and CEO, said in a press statement, "Our peer-leading cash cost profile will remain supported over time by low-cost gold production from cornerstone mines including Red Lake and Peñasquito. We have begun commissioning of the high pressure grinding roll circuit, representing the completion of Peñasquito construction and the final component of designed 130,000 tonne throughput capacity, which we expect to reach early in 2011. The expected completion of the Andean Resources acquisition will add Cerro Negro, another large, high-quality gold asset in Argentina." The stock is trading at 20 times its estimated 2011 earnings.

2. Barclays Plc is a London-based financial services provider engaged in retail, corporate and investment banking.

Total loans and advances remained flat in the September quarter, compared to the June quarter, reflecting a modest growth in loans across its retail portfolio and a reduction in wholesale exposure.

Impairment charges on loans and advances declined 25% in the September quarter, compared to the same period last year, attributable to lower charges in the retail and wholesale portfolios.

Net income increased 15% year-over-year, while profit before tax and profit after tax rose 4% and 1%, respectively, during the same period.

The group had a core Tier-1 ratio of 10%, exceeding the mandated requirement. The stock has delivered modest returns during the last year; however, analysts expect gains of above 50% in the next year.

1. Lloyds Banking Group is a U.K.-based financial services company operating in the retail, wholesale, international banking and insurance segments.

During the third quarter, new lending remained subdued, although gross mortgage lending increased. The group mobilized customer deposits during the quarter, compared to the growth delivered in the first half of 2010. However, income from the wholesale segment dipped marginally during the third quarter.

The retail segment continued to experience substantial income growth during the September quarter, primarily attributable to the migration of mortgage business to standard variable-rate products.

Lloyds faced pressure from higher funding costs. However, prudent lending improved net interest margin. For the second half of 2010, management expects to see modest margin expansion. On average, analysts expect the stock to rise 70% over the next year.

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