Fresh Highs

Fresh highs for metals this week and all stock picks are a mix of 90% BUY, 2% HOLD, 8% SELL.

1. Buy Baltic Classifieds

Top stock pick this week BUY Baltic Classifieds Group by Deutsche Bank with a tip performance of 8%.

Baltic Classifieds Group (BCG) is the largest online classifieds group in the Baltics, which owns and operates fourteen leading vertical and generalist online classifieds portals in Lithuania, Estonia and Latvia. BCG's online classifieds portfolio comprises four business lines – Auto, Real Estate, Jobs & Services and Generalist. The portals are accessible through the websites of the Group's various brands via desktop and mobile. BCG share price launched in 2021 at 199p, rose to an all-time high of 253p later that year and is now at 243p.

This week BCG announced and executed a share buyback program of 71,300 of its own shares. These shares will be cancelled, reducing the numbers of shares in existence and potentially increasing the value of existing shares in the marketplace. Check out the buyback announcements here.

In Stockomendation Deutsche Bank says BUY and Bank of America is NEUTRAL. There are no active short positions.

2. BUY Resolute Mining

Second stock pick this week is BUY Resolute Mining by Berenberg with a tip performance of 6%.

Resolute Mining Ltd is an Australia-based gold miner, developer, and explorer company. The Company owns two producing gold mines: the Syama Gold Mine in Mile (Syama) and the Mako Gold Mine in Senegal (Mako).

Resolute Mining share price listed in 2019 at 35p, rose to an all-time high of 58p a few months later and is now at 27p.

Today (23rd) Resolute Mining passed a number of resolutions during its recent AGM held in Perth, Western Australia, you can see the announcement here.

In Stockomendation Berenberg is the only analyst with BUY and there are no active short positions open.

3. AVOID Calnex

Third interesting stock pick this week is AVOID Calnex Solutions by Steve Moore in ShareProphets with a tip performance of 5%

Calnex Solutions (CLX) designs, produces and markets test instrumentation and solutions for network synchronization and network emulation, enabling our customers to validate the performance of the critical infrastructure associated with digital communication networks.

Founded in 2006, Calnex is headquartered in Linlithgow, Scotland, with additional locations in Belfast, Northern Ireland, Stevenage, England and California in the US, supported by sales teams in China and India.

CLX share price launched at 55p in 2020, rose to an all-time high of 195p and is now at 52p.

On 21 May Calnex released FY24 Final Results in this RNS. It reported lower revenues due to market decline. Cash was also lower and the share price declined.

In Stockomendation Canaccord Genuity and Sumayya Mansoor say BUY, Steve Moore says AVOID. There are no active short positions.

UK Fund Manager Short Positions
See which UK Fund Managers are betting against your investments by accessing current & historical short positions on UK companies showing you which fund manager has shorted which company and by how much.

Join Now

Think you can pick stocks? Play the May league UK Share Picking game FREE : uksharepickinggame.co.uk

Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 23rd May 2024.