The markets are declining but not collapsing. Investors remain concerned about the coronavirus, and Tuesday’s elections are still in the air. Uncertainty rules the day, compounded by recent market losses. However, Wall Street expects the bulls to be back in action after next week’s results – who wins is less important than a result. Meanwhile, market declines and low stock prices make for a great buy time – if you are judging the bottom right. When you do this, the rest is just “buy cheap and sell high”. To that end, Wall Street analysts have pointed to stocks that may have bottomed out. Using the TipRanks database, we identified three such stocks. Each has dropped significantly, but also has a strong buy consensus rating and an upside potential of at least 30% for the months ahead. Fury Gold Mines (FURY) gold – the precious metal asset only – has become popular over the course of 2020 The coronavirus crisis and investors’ desire for a stable store of value drove them to surpass $ 2,000 earlier this year, and an ounce of gold will still sold for over $ 1,800. For those who don’t have these types of resources, buying stocks in gold mining companies may be the next best thing. Fury Gold Mines is a small-cap mining company headquartered in Toronto that is focused on exploiting the vast resources of Northern Canada. With mines in British Columbia, northern Quebec and the far north of Nunavut, Fury has large gold reserves in both open pit and underground mines. Global gold production has declined 1% in the last 12 months, which is the first indication that we may be at the height of the gold price and that prices will continue to rise soon. This development would be a good sign for Fury, which is operating at a net loss. The company was formed earlier this year as part of a reorganization of Auryn Resources that included a merger with Eastmain and the divestment of Peruvian mines. The result is a company focused on Canadian development and able to take advantage of Canada’s stable work environment. The stock recently saw a sharp decline as the new FURY ticker began trading, taking Auryn’s place in the market and maintaining the older company’s trading history. The decline caused Fury shares to decline 67% this month. The analyst Matthew O’Keefe, who covers the stock for Cantor, sees a lot of upside potential. The analyst noted, “Based on a combined gold equivalent resource of 3.9 million ounces, Fury is trading at $ 43 an ounce versus others at $ 60 an ounce. We expect new management to begin with new drill results ( towards the end of 2020) leaves its mark. ” and in the course of 2021) and demonstrates the further development of its projects, should the stock increase. “But how much is going up? O’Keefe’s target price of $ 2.60 on FURY suggests upside potential of 126% for the coming year and supports his Buy recommendation. (To see O’Keefe’s track record, click here.)” Wall Street analysts’ consensus on Fury is a strong buy, based on 4 buy ratings with no sell or hold, the stock is selling for $ 1.13 and the average target price of $ 3.37 suggests it is in the Nearly double next 12 months. (See FURY stock analysis on TipRanks) Star Bulk Carries (SBLK) Next up, Star Bulk Carries is a Greece-based shipping company specializing in the bulk transportation trade, the backbone of the global shipping industry. Star Bulk operates a fleet of 116 hauliers ranging in size from ~ 50,000 tons to huge Newcastlemax bulk carriers with a capacity of over 200,000 tons, caused by corona Eighth trade disruptions have been harsh for the industry, and SBLK was no exception. The stock has fallen 47% since the start of the year. However, the company’s financial performance this year was in line with the historical pattern: the first half of a calendar year recorded a net loss while the second half recorded net gains. The losses in the first half of 20 were normal for SBLK’s pattern – and the outlook for the third quarter is a return to net income with forecast earnings per share of 30 cents. Analyst Amit Mehrotra covers this stock for Deutsche Bank and notes a number of related points:[We] The company’s net debt is expected to improve approximately $ 50 million from the second quarter due to cash flow generation of more than $ 40 million in the third quarter. We also anticipate the company’s projected breakeven point to drop below $ 11,000 per day. We remain frustrated with the poor performance of SBLK shares in the context of the improved fundamentals mentioned above. However, we are still very satisfied with the intrinsic value of SBLK’s equity. The value is improving in the current environment … “Mehrotra briefly summarizes his view on Star Bulk:” Overall, we are encouraged by the fundamental development of the company … “The analyst rates SBLK with a buy while its target price of 15 USD implies an upside potential of 143% over current levels. (To see Mehrotra’s track record, click here.) With 3 recent buy ratings, SBLK holds a unanimously strong buy rating based on analyst consensus. The stock is currently trading at $ 6.18 and has an average price target of $ 12.09, an increase of 96% for a year. (See SBLK stock analysis on TipRanks.) Heritage-Crystal Clean (HCCI) Pollution is a problem no matter what. We all want a clean environment to live in and we should all care about the way modern industrial pollutants are disposed of. Heritage-Crystal Clean resides in this cleaning niche and provides environmental cleaning services including vacuum street cleaning services, light industrial and mechanical parts cleaning technology, and a variety of waste recovery services including recovery and disposal of oil and oil products, antifreeze, and general industrial liquid waste. It is an important, often overlooked, and important niche in a modern technological society. After slipping into negative territory in the second quarter, HCCI reported stronger results for the third quarter. Revenue increased sequentially from $ 74 million to $ 82 million, and earnings per share increased from a loss of 31 cents to a profit of 18 cents. Despite the positive results, both earnings and sales remain depressed compared to the prior-year quarter, and the stock has not regained momentum after falling in March last year. The HCCI has fallen 49% since the beginning of the year. Roth Capital’s Gerry Sweeney, in his commentary on the stock, states that “Earnings continue to grow as economic activity improves with orders for COVID Shelter in Place … The peak of the quarter was a faster-than-expected margin recovery. While the margins are still below the pre-pandemic level of the previous year of 25.7%, they have increased compared to the margins in the second quarter of (28.2%). The improvement was due to higher workloads and asset leverage, lower solvent costs, and the internalization of waste disposal… ”Sweeney gives the stock a buy. His target price of $ 21 shows confidence in a solid 32% uptrend for the next year. (To see Sweeney’s track record, click here.) In the past three months, three other analysts have thrown their hats on HCCI. The three additional buy ratings give the stock a strong buy consensus rating. With an average price target of $ 20.75, investors can take home a 30% profit if the target is met in the next 12 months. (See HCCI stock analysis at TipRanks.) To find great ideas for trading rundown stocks at attractive valuations, visit TipRanks ‘Best Stocks to Buy, a newly launched tool that brings together all of TipRanks’ stock insights. Disclaimer: The opinions expressed in this article are exclusively those of the presented analysts. The content is intended to be used for informational purposes only. It is very important that you do your own analysis before making any investment.