Issaurinko/iStock via Getty Images Introduction The 'Undercovered' Dozen series aims to highlight undercovered stocks on our platform for you to have another source for idea generation. This time around, we're looking at ideas published from June 28th - July 11th. Take a look at what these undercovered stocks and ideas might hold for you.
And please join the conversation below to share what you think: are any of these worth following up on? Teck Resources And Newmont Corp: A Golden Long/Short In The Mining Space Ticker Rating Analyst NEM , NGT:CA ; TECK , TECK.B:CA Strong Buy; Sell QOE Capital Click to enlarge Throughout the last year, there has been a lot of movement through the industrials sector, with gold prices driving upward and copper volatility in particular. The sector provides a unique investment opportunity, specifically among two competitors, as the landscape of the industry gathers speculation.
We believe there is a window of opportunity to capitalize on the upside potential from the market discounting Newmont Corporation ( NEM ) and the potential underperformance of Teck Resources Limited ( TECK ). We propose 130% long exposure to Newmont Corporation and 50% short exposure in Teck Resources as gold price forecasts suggest significant top line upside for Newmont Corporation, while maintaining higher growth potential through exposure in copper and the company is liquid, providing more investment opportunity to scale operations or increase total production. Navitas.