Undiscovered Gems in Canada to Explore This October 2024
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Over the last 7 days, the Canadian market has remained flat, yet it boasts a remarkable 27% increase over the past year with earnings forecasted to grow by 16% annually. In such a dynamic environment, identifying stocks with strong growth potential and unique value propositions can be key to uncovering undiscovered gems.
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% | ★★★★★★ |
| Reconnaissance Energy Africa | NA | 15.28% | 7.58% | ★★★★★★ |
| Santacruz Silver Mining | 14.30% | 49.04% | 63.44% | ★★★★★★ |
| Lithium Chile | NA | nan | 30.02% | ★★★★★★ |
| Taiga Building Products | NA | 6.05% | 10.50% | ★★★★★★ |
| Grown Rogue International | 24.92% | 43.35% | 67.95% | ★★★★★☆ |
| Mako Mining | 22.90% | 38.12% | 54.79% | ★★★★★☆ |
| Queen's Road Capital Investment | 7.20% | 22.14% | 22.20% | ★★★★☆☆ |
| Genesis Land Development | 53.32% | 25.58% | 47.05% | ★★★★☆☆ |
| Dundee | 5.93% | -38.65% | 39.44% | ★★★★☆☆ |
Underneath we present a selection of stocks filtered out by our screen.
Aris Mining
Simply Wall St Value Rating: ★★★★★☆
Overview: Aris Mining Corporation is involved in acquiring, exploring, developing, and operating gold properties across Canada, Colombia, and Guyana with a market cap of CA$1.15 billion.
Operations: Aris Mining generates revenue primarily from its Segovia Operations and Marmato Project, with the Segovia Operations contributing $415.17 million and the Marmato Project $51.09 million.
Aris Mining, a smaller player in the metals and mining sector, has been making strides with its financials and operations. The company's debt to equity ratio improved from 35.8% to 33.1% over five years, while interest payments are well-covered at 6.2 times EBIT. Despite significant insider selling recently, Aris remains profitable with high-quality earnings and a satisfactory net debt to equity ratio of 22%. Recent gold production increased by 9% in Q3 2024 compared to the previous quarter, reaching 53,608 ounces. However, shareholders experienced dilution over the past year as the company navigates growth challenges.
High Liner Foods
Simply Wall St Value Rating: ★★★★★☆
Overview: High Liner Foods Incorporated processes and markets frozen seafood products in North America, with a market cap of CA$398.16 million.
Operations: High Liner Foods generates revenue primarily through the manufacturing and marketing of prepared and packaged frozen seafood, totaling $992.12 million.