4 December, 2019 – Stockhead by Nick Sundich
As the year winds down and AGM season concludes, brokers have been busy filling their Christmas stockings with stock picks they think will be winners.
Here are five predictions made in the last week that stood out:
1. Navarre Minerals (ASX:NML)
Navarre is drilling for gold in Western Victoria. Its neighbour is none other than Stavely Minerals (ASX:SVY), which became a four-bagger after a 40 per cent copper hit.
The excitement sent Navarre on a run of its own, from 8c to 14c. But while it has retreated back to 10c, WA broker Hartleys has put a 15c price target on it believing success of its own is near.
“Navarre holds out attention because we feel the company is one or two good holes away from a major discovery in the Stawell Corridor,” analyst John Macdonald said.
“Navarre has the management and portfolio to continue this sector exposure.”
To read the story in full: On the Radar: 5 small caps that brokers pick for growth in the months ahead