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TSX stocks to watch next week as analysts see triple-digit upside

By Investing.com2 min readInvesting.com
TSX stocks to watch next week as analysts see triple-digit upsideTSX stocks to watch next week as analysts see triple-digit upside

TSX stocks to watch next week as analysts see triple-digit upside

Canadian small-cap resource and tech stocks are flashing triple-digit analyst upside for next week, even as most have stumbled double-digits in the past week. The disconnect between recent selloffs and bullish analyst targets is setting up a high-stakes watchlist on the TSX.

Double-Digit Drops, Triple-Digit Upside

The TSX’s most-watched names for next week are almost all high-beta resource and digital asset plays. Many just posted -10% to -16% declines in the past week—yet analysts see 150% to 265% potential upside from current levels.

TickerPrice1W ReturnAnalyst UpsideAnalyst TargetRec.
Energy Fuels Inc$7.45-10.3%[Pro][Pro]Strong Buy
Troilus Gold Corp$1.05-11.8%217.0%[Pro]Strong Buy
HIVE$1.94-4.9%211.9%[Pro]Strong Buy
Lithium Argentina AG$4.30-10.2%205.6%[Pro]Strong Buy
First Mining Gold Corp$0.42-9.4%202.3%[Pro]Strong Buy
CADY$2.92-12.9%182.9%[Pro]Strong Buy
SCZ$6.93-15.4%178.1%[Pro]Strong Buy
Americas Gold and Silver Corporation$3.11-16.1%177.1%[Pro]Strong Buy
Andean Precious Metals Corp.$3.53-9.1%170.3%[Pro]Strong Buy
NovaGold Resources Inc$5.98-7.0%147.9%[Pro]Strong Buy

Take: The magnitude of analyst upside here is notable—especially after a week of sharp declines. This is a classic "rubber band" scenario: either analysts are overly optimistic, or the recent selling is overdone and could reverse sharply.

Analyst Moves & News Catalysts

  • Americas Gold and Silver Corporation was just initiated at Buy by Stifel, citing a projected 58% silver production CAGR through 2028 and a recapitalization plan.
  • Lumina Metals Corp. maintained at ’spec. buy’, but with a lowered target (C$18, down from C$19) and a warning of 25.8% downside to fair value.
  • NovaGold Resources Inc featured in several global commodity news items, including Middle East supply risks and LNG deals, but no direct earnings or operational updates.
  • HIVE: Recent Form 4 filing, plus analyst target upgrades up to $8.00 with bullish calls on AI and digital asset exposure.

Insights & What to Watch

  • Resource Focus: Nearly all top names are miners or digital asset plays, making this a sector-driven watchlist.
  • Volatility Alert: Most have negative P/E ratios, reflecting early-stage risk or losses—expect continued large swings.
  • Sentiment Split: Analyst consensus is "Strong Buy" across the board, but price action is sharply negative. A catalyst (like a commodity price reversal or positive earnings) could spark a rebound—or expose over-optimism.
  • News-Driven Moves: Watch Americas Gold and Silver Corporation for execution on its turnaround plan, and HIVE for further digital asset/AI news.

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