3 Growth Stocks Wall Street Might be Sleeping On, But I’m Not

These growth stocks have more than doubled in the last year, yet there could certainly be more growth on the way for investors.

| More on:

Image source: Getty Images

When it comes to performance, some companies stand out more than others. The big names. Those invested in by people like Warren Buffett or Prem Watsa. But what about the smaller companies showing huge growth, and yet no one is really discussing them.

Today, I’m going to bring three of these companies to light. Stocks that have seen major growth in the last year, but remain under the radar. So without further ado, let’s get to it.

NGEx Minerals

First up, we have NGEx Minerals (TSX:NGEX), whose shares have climbed 131% in the last year alone. That growth comes from the company currently being in its exploration stage, and finding strong areas for mineral production. The mining company therefore hasn’t produced earnings yet, but there is a huge opportunity for those seeking future growth and long-term opportunities from successful exploration.

The company hosts a strong management team with extensive experience in the mining industry. They are specifically dedicated to copper exploration and development. And it’s copper that the company will continue to focus on in the near future.

Copper demand continues to be a vital material for the green energy transition. That demand has been rising and should continue to do so in the coming years. By focusing here, NGEx is positioning itself well for future growth. Especially with high-grade assets across the world already under development. 

Lumine Group

Another company that offers some exposure to significant growth is Lumine Group (TSXV:LMN). The company has seen shares surge by 112% in the last year alone. And that’s saying something, given that it’s a tech stock in the still volatile tech sector.

Lumine stock is a communications and media software acquisition specialist. The Canadian company focuses on acquiring and building software in this industry. They operate as a “buy and hold forever” acquirer, looking for companies with long-term growth potential.

This area of the market has already been proven by long-term acquirers such as Constellation Software (TSX:CSU). As long as management can prove their long-term purchases are strong, this could be a stellar opportunity for investors on the TSX today. And with shares already climbing so high, it seems many investors are already on board with this theory.

TerraVest Industries

Finally, TerraVest Industries (TSX:TVK) is another company seeing enormous strength in the last year. The oil and gas equipment provider saw shares climb 118% in the last year as of writing. And again, that seems to only be continuing for the foreseeable future.

TVK is known for consistent growth, boasting a history of consistent earnings growth, and with earnings per share (EPS) growing by 27% per year over the last three years! What’s more, there is significant insider ownership at 25%. This shows that management has a large financial stake in the company, so the company’s interests are their own interests.

While TVK may invest in the oil and gas market through its products, there is diversification as well. Its assets span across oil, gas, and now renewable energy. This will help through the clean energy transition, as well as provide diversification for less risk.

And TVK stock has been known to grow through acquisitions as well. All considered, even with recent share growth it provides a reasonable valuation. The price could certainly climb higher, making now a great time to pick up the stock. Especially with a nice little bonus dividend at a 1.08% yield.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends Constellation Software, Lumine Group, and TerraVest Industries. The Motley Fool has a disclosure policy.

More on Stocks for Beginners

A data center engineer works on a laptop at a server farm.
Tech Stocks

Why Hut 8 Stock is Up 44% in the Last Week

Hut 8 stock (TSX:HUT) has surged in the last week, and even more year to date. But if you think…

Read more »

Coworkers standing near a wall
Tech Stocks

Why Nvidia Stock Fell 10% Last Week

Nvidia stock (NASDAQ:NVDA) fell by 10% last week after its competitor announced an earnings date, but without preliminary results.

Read more »

edit Business accounting concept, Business man using calculator with computer laptop, budget and loan paper in office.
Dividend Stocks

Got $5,000? Buy and Hold These 3 Value Stocks for Years

These essential and valuable value stocks are the perfect addition to any portfolio, especially if you have $5,000 you want…

Read more »

data analytics, chart and graph icons with female hands typing on laptop in background
Stocks for Beginners

What Investors Should Take Away From WinPak Stock’s Earnings

WinPak (TSX:WPK) stock has stagnated in share price over the last few years, but has there been enough momentum to…

Read more »

bulb idea thinking
Stocks for Beginners

3 No-Brainer Stocks to Buy Now for Less Than $1,000

If you're looking for companies bound for more greatness, these three no-brainer stocks are easy buys, no matter what the…

Read more »

Dollar symbol and Canadian flag on keyboard
Stocks for Beginners

TFSA: 4 Canadian Stocks to Buy and Hold Forever

Here are four stocks that you can buy and hold for decades in your TFSA.

Read more »

Young adult woman walking up the stairs with sun sport background
Stocks for Beginners

New to Investing? This Step-by-Step Guide Will Get You Started

New to investing? Then follow this guide to help you get started, by paying off your debts and saving towards…

Read more »

Man with no money. Businessman holding empty wallet
Dividend Stocks

3 Ways Canadian Investors Can Save Thousands in 2024

If you've done the budgeting and are still coming out with less money than you'd like, consider these three ways…

Read more »