Investing

5 Well-Known 'Strong Buy' Stocks Trading Under $10 With Huge Upside Potential

The company recently announced a definitive agreement with Asante Gold to sell its Chirano gold mine in Ghana for $225 million in total. Top analysts felt that the $225 million was below the intrinsic value of $263 million or more, but many felt that the Chirano mine was a very likely candidate for a sale given the small net asset value and it had a relatively short mine life expectancy.

Kinross Gold stock comes with a 2.19% dividend. The $7.65 BofA Securities price target is less than the consensus target of $9.75 but well above the $5.08 share price last seen on Friday.

Nokia

This telecommunications company ruled the cell phone arena until the advent of the smartphone in 2007 and recently re-emerged as a top meme stock. Nokia Corp. (NYSE: NOK) owns two main businesses: 1) Nokia Networks, a network infrastructure equipment supplier to global wireless and wireline operators, and 2) Technologies, its patent/IPR licensing activities.

In a very positive sign for investors this past week, the company resumed its quarterly dividend and initiated a share buyback program after reporting very solid fourth-quarter results, with comparable operating earnings above market estimates as the telecom equipment maker kept costs in check. Nokia also forecasted annual revenue that was largely ahead of projections and set a long-term target for operating margins of at least 14%, replacing its earlier 2023 target of between 11% and 13%.


The company’s first-quarter earnings report this week was also stellar, surpassing analysts’ earnings and revenue estimates.

Cowen has set an $8 target price, and the consensus target was last seen at $6.98. On Friday, Nokia stock was last seen Friday at $5.04 per share, up close to 3% on a dismal day.


These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, they are not penny stocks with absolutely no track record or liquidity, and major Wall Street firms have research coverage.

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