As of June 2015, the following are the top penny stocks to keep on your radar. With most of the S&P 500 overvalued, trading at 21.5 times trailing earnings, hot penny stocks with upside are hard to find.
A common theme for June 2015’s list of top penny stocks is companies and sectors currently out of favor with investors. Our list of top penny stocks takes us from gold, to energy, to telecom, and even pharmaceuticals. Keep these companies on your radar while always doing your own research prior to investing.
4. Lake Shore Gold Corp. (NYSE/LSG)
Stock Price: CA$1.24
Market Cap: CA$540 million
Revenue: CA$256 million
Lake Shore Gold Corp. is a gold miner operating out of Ontario, Canada. What is impressive about this gold miner is that it has managed to improve profitability, despite the slump in bullion prices.
Net income improved from a loss of $318 million in 2012 to a net profit of $24.0 million in 2014. Production volumes have also moved in the right direction—climbing from 85,600 ounces in 2011, to over 185,000 ounces of gold in 2014. (Source: LSG Investor Presentation, April 29, 2015.)
The strong performance is largely due to low costs. All-in sustaining costs (AISC), averaged $872.00 an ounce in 2014, or 28% lower than the current spot price of gold. Gold currently trades at $1,209 an ounce.
Results are expected to improve in 2015. In the first quarter of this year, Lake Shore Gold Corp. reported AISC of $750.00 an ounce and revenues that were 29% higher than the same period last year. (Source: LSG Investor Presentation, April 29, 2015.)