As shoppers are busy hunting doorbuster deals this Black Friday, shares of seabed mineral resources firm The Metals Company (TMC), precious metal producer Endeavour Silver (EXK), and Bitcoin miner CleanSpark (CLSK) are also occupied with ringing up gains of their own.
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3 Stocks Top Market with Biggest Gains
As of 2:32 p.m. EST, they topped the 50-item list of stocks with the highest gain on Friday. Their shares climbed as follow:
* The Metals Company (TMC) – 18.52%
* Endeavour Silver (EXK) — 15.08%
* CleanSpark (CLSK) — 13.16%
Do These Big Black Friday Movers Still Have Upside?
What do these companies do, and are they really worth buying at this time? The chart below provides a snapshot and details follow.
The Metals Company (TMC) — This is a Canadian company that harvests polymetallic nodules — small-sized rocks that sit on the deep ocean floor — from the Pacific Ocean. These rocks are packed with useful metals like nickel, copper, cobalt, and manganese, and are critical to the manufacturing of electric vehicles and renewable energy infrastructure such as solar panels, wind turbines, and smart grids.
The Vancouver-based company was established in 2011. It rebranded from DeepGreen Metals in 2021, the year it went public.
TMC stock has surged over 500% since January. Analysts currently have a Strong Buy rating on the stock based on three Buys issued over the past three months. At $8.33, the average TMC price target indicates approximately 21% upside.
Endeavour Silver (EXK) — Also a Canadian company, Endeavour mines precious metals, primarily silver and gold, in Latin America. The mid-tier firm operates four active mines across Mexico and Peru.
Since the start of the year, EXK has soared by over 170%, fueled by investor excitement about two big new projects from the miner — commercial production in Terronera Mine in Jalisco, Mexico, and the Pitarilla Project. The Pitarilla Project is situated in Durango, Mexico, and is one of the world’s largest undeveloped silver deposits.
Wall Street analysts have a Strong Buy consensus rating on EXK, with seven Buys issued over the last three months. The average EXK price target of $10.61 implies almost 7% growth potential.
CleanSpark (CLSK) – This is a Nevada-based bitcoin miner that operates several data centers across the U.S. and positions itself as an energy-efficient mining company. CleanSpark is one of several public Bitcoin miners, such as Riot Platforms (RIOT) and Marathon Digital (MARA), that are preaching green energy in digital asset mining.
Wall Street analysts are also Bullish on CleanSpark’s shares and currently hold a Strong Buy consensus rating on the stock based on 10 Buys issued over the last three months.
At $60.97, the average CLSK price target suggests a nearly 61% upswing potential from the current price.
