Discovering Canada's Undiscovered Gems In August 2024
In This Article:
The Canadian market has experienced significant volatility in 2024, with sharp swings in key indices like the S&P/TSX Composite Index reflecting broader economic uncertainties. Despite these fluctuations, discerning investors can still find promising opportunities among small-cap stocks that demonstrate resilience and potential for growth. In this context, identifying undiscovered gems involves looking for companies with strong fundamentals, innovative business models, and the ability to navigate market turbulence effectively.
Top 10 Undiscovered Gems With Strong Fundamentals In Canada
| Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
|---|---|---|---|---|
| TWC Enterprises | 6.74% | 10.99% | 25.68% | ★★★★★★ |
| Jaguar Mining | 1.19% | 5.49% | 5.12% | ★★★★★★ |
| Taiga Building Products | NA | 6.05% | 10.50% | ★★★★★★ |
| Amerigo Resources | 12.87% | 7.49% | 12.97% | ★★★★★☆ |
| Reconnaissance Energy Africa | NA | 31.73% | -6.92% | ★★★★★☆ |
| Firan Technology Group | 17.91% | 3.75% | 23.32% | ★★★★★☆ |
| Mako Mining | 22.90% | 38.12% | 54.79% | ★★★★★☆ |
| Pizza Pizza Royalty | 15.66% | 3.64% | 3.95% | ★★★★☆☆ |
| Queen's Road Capital Investment | 7.20% | 22.14% | 22.20% | ★★★★☆☆ |
| Genesis Land Development | 53.32% | 25.58% | 47.05% | ★★★★☆☆ |
Let's review some notable picks from our screened stocks.
Aris Mining
Simply Wall St Value Rating: ★★★★☆☆
Overview: Aris Mining Corporation, with a market cap of CA$949.44 million, engages in the acquisition, exploration, development, and operation of gold properties in Canada, Colombia, and Guyana.
Operations: Aris Mining generates revenue primarily from its Segovia Operations ($409.96 million) and the Marmato Project ($48.43 million).
Aris Mining, a Canadian mining company, has shown significant progress recently. The company became profitable this year and is trading at 96.5% below our estimate of its fair value. Its debt to equity ratio increased from 27.8% to 58.7% over the past five years but remains satisfactory with a net debt to equity ratio of 35.5%. Aris's interest payments are well covered by EBIT at 6.7x coverage, indicating strong financial health despite recent shareholder dilution.
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Delve into the full analysis health report here for a deeper understanding of Aris Mining.
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Examine Aris Mining's past performance report to understand how it has performed in the past.
Extendicare
Simply Wall St Value Rating: ★★★★☆☆
Overview: Extendicare Inc., with a market cap of CA$636.02 million, operates through its subsidiaries to provide care and services for seniors in Canada.
Operations: Extendicare generates revenue primarily from long-term care services and home healthcare operations. The company reported CA$1.15 billion in total revenue, with a net profit margin of 3.2%.