Despite the high prices, stocks that have surged on the exchanges remain a worthy investment! While buying at inflated prices may seem counterintuitive, investing in stocks that are gaining attention could pay off. If the factors driving growth remain strong, stock prices may continue to climb. Furthermore, in a robust market, these stocks often attract more investor interest, potentially driving prices even higher. Let’s take a look at some stocks that could fit this profile.
First up is CES Energy Solutions (TSX: CEU). The company reported record revenue of CAD 553.2 million for the second fiscal quarter, marking a 7% year-over-year increase. This growth clearly indicates that CES is capable of thriving in a challenging market. Adjusted EBITDA rose 29% to CAD 95.4 million, achieving a profit margin of 17.3%.
Additionally, CES announced a quarterly dividend of CAD 0.03 per share. The combination of strong earnings growth, disciplined financial management, and shareholder returns makes CES stock an attractive option for investors looking for comprehensive, growth-oriented investments in the energy sector.
Next is Torex Gold (TSX: TXG). With strong financial performance and a bright outlook, this stock is becoming a favorite among investors. The company reported a 27.9% year-over-year increase in quarterly revenue to CAD 949.3 million. Torex produced 229,316 ounces of gold in the first half of the year, on track to meet production expectations for the sixth consecutive year. This reflects consistency and reliability in the company’s operations.
Moreover, Torex’s financial health is impressive, with a strong balance sheet including CAD 108.7 million in cash and a low debt-to-equity ratio of 7.3%. The company’s expected price-to-earnings ratio is 9.7, suggesting that the stock is undervalued relative to its earnings potential. This poses an attractive opportunity for investors seeking growth at a reasonable price. Furthermore, Torex’s ongoing Media Luna project provides a clear path for future growth and diversification beyond gold. The company is expected to deliver its first batch of copper concentrate by year-end and achieve commercial production in the first fiscal quarter of 2025.
Finally, Torex’s stock is currently priced at CAD 26, close to its 52-week high of CAD 26.85, reflecting strong investor confidence. For those looking to capitalize on the thriving gold market and Torex’s strategic projects, this stock is an excellent choice.
