Top 3 Undervalued Small Caps With Insider Buying In Canada August 2024
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The Canadian market has recently experienced a positive shift, with the TSX rebounding over 5% amid easing inflation and better-than-expected economic data. As central banks in both Canada and the U.S. signal potential rate cuts, investor sentiment towards small-cap stocks is improving. In this favorable environment, identifying undervalued small-cap stocks with insider buying can provide significant opportunities for investors looking to capitalize on market trends.
Top 10 Undervalued Small Caps With Insider Buying In Canada
| Name | PE | PS | Discount to Fair Value | Value Rating |
|---|---|---|---|---|
| Calfrac Well Services | 2.6x | 0.2x | 35.94% | ★★★★★★ |
| Nexus Industrial REIT | 3.4x | 3.4x | 26.75% | ★★★★★☆ |
| Obsidian Energy | 6.4x | 1.0x | 49.43% | ★★★★★☆ |
| Bragg Gaming Group | NA | 1.2x | 18.09% | ★★★★★☆ |
| Trican Well Service | 8.0x | 1.0x | 7.33% | ★★★★☆☆ |
| Hemisphere Energy | 5.8x | 2.3x | 11.68% | ★★★★☆☆ |
| Information Services | 23.7x | 2.1x | -64.82% | ★★★★☆☆ |
| Sagicor Financial | 1.3x | 0.3x | -43.67% | ★★★★☆☆ |
| Primaris Real Estate Investment Trust | 11.0x | 2.9x | 44.99% | ★★★★☆☆ |
| ADENTRA | 16.4x | 0.3x | 10.25% | ★★★☆☆☆ |
Let's uncover some gems from our specialized screener.
Centerra Gold
Simply Wall St Value Rating: ★★★★★☆
Overview: Centerra Gold is a mining company engaged in the exploration, development, and production of gold and copper with operations primarily at the ?ksüt mine, Mount Milligan mine, and a molybdenum business segment.
Operations: Centerra Gold's revenue for the latest period was $1.27 billion, primarily from ?ksüt, Mount Milligan, and Molybdenum segments. The gross profit margin stood at 44.22%.
PE: 11.4x
Centerra Gold, a Canadian small-cap, reported a significant turnaround in Q2 2024 with sales of US$282.31 million and net income of US$37.67 million compared to a loss last year. They also announced a quarterly dividend of CAD 0.07 per share and repurchased 1,439,700 shares for $9.8 million between April and June 2024. Despite earnings forecasted to decline by an average of 13.7% annually over the next three years, insider confidence is evident with recent purchases indicating potential value recognition within the market.
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Get an in-depth perspective on Centerra Gold's performance by reading our valuation report here.
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Gain insights into Centerra Gold's historical performance by reviewing our past performance report.
Calibre Mining
Simply Wall St Value Rating: ★★★★☆☆
Overview: Calibre Mining is a gold mining company engaged in the exploration and production of refined gold, with a market cap of approximately C$0.88 billion.
Operations: Calibre Mining's primary revenue stream is from refined gold, with the latest reported revenue at $564.69 million. The company's gross profit margin has shown variability, reaching 42.07% in the most recent period. Operating expenses and non-operating expenses are significant cost components, with recent figures standing at $122.60 million and $62.40 million respectively. Net income margin was recorded at 9.30%.