Ikkuma Res (IKM:TSX) and GrowMax Resources (BOE:TSX) Are Fully Valued

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I have used the analysis tools on the website stockcalc.com to generate some of the content of this blog post. These tools and reports are available for free at www.stockcalc.com/TopPicks.aspx.

Fully Valued Stocks on TSX

Today we are looking at companies that are considered fully valued based on the Analyst data in the StockCalc database.

In this table we can see the close price and target price for these companies along with the number of analysts covering the stock. We also have included the fiscal year for the target price as sometimes these analyst targets are not for the current or even the next fiscal year.

There can be a number of reasons why a company would be on this list. What is particularly interesting are companies with a large analyst following that make this list. We need to dig deeper into these companies to understand why the difference in price versus target.

Today’s Data on TSX

Today’s data is for companies listed on the TSX Venture Exchange.

Symbol Name Target Year Close Price Target Price Mean Currency Target Price # of Estimates
IKM Ikkuma Resources Corp 2018 0.650000 0.5867 CAD 3
BOE GrowMax Resources Corp 2018 0.135000 0.1000 CAD 1
PNE.R Pine Cliff Energy Ltd 2018 0.920000 0.4546 CAD 11

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

IKM:TSX Ikkuma Res

http://www.ikkumarescorp.com
Ikkuma Res has 44 employees and is headquartered in Canada.
Ikkuma Resources Corp is an oil and gas company. It is engaged in exploration, developmentand production of petroleum and natural gas resources located in the foothills of Alberta and British Columbia.

BOE:TSX GrowMax Resources

http://www.growmaxcorp.com
GrowMax Resources has 67 employees and is headquartered in Canada.
GrowMax Resources Corp operates as a phosphate and potash mining company in Peru. It is involved in the exploration and development of phosphate and potassium-rich brine resources, and other minerals, as well as development of fertilizer projects.

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The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.