Undiscovered Gems In Canada Top 3 Stocks For September 2024
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Over the last 7 days, the Canadian market has remained flat, but it has seen a substantial 19% increase over the past year with earnings forecasted to grow by 15% annually. In this promising environment, identifying undiscovered gems that align with these growth trends can be a rewarding strategy for investors looking to capitalize on emerging opportunities.
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% | ★★★★★★ |
| Taiga Building Products | NA | 6.05% | 10.50% | ★★★★★★ |
| Amerigo Resources | 12.87% | 7.49% | 12.97% | ★★★★★☆ |
| Tenaz Energy | NA | 33.64% | 50.62% | ★★★★★☆ |
| Mako Mining | 22.90% | 38.12% | 54.79% | ★★★★★☆ |
| Pizza Pizza Royalty | 15.66% | 3.64% | 3.95% | ★★★★☆☆ |
| Firm Capital Mortgage Investment | 57.73% | 9.38% | 5.91% | ★★★★☆☆ |
| Queen's Road Capital Investment | 7.20% | 22.14% | 22.20% | ★★★★☆☆ |
| Genesis Land Development | 53.32% | 25.58% | 47.05% | ★★★★☆☆ |
We'll examine a selection from our screener results.
Freehold Royalties
Simply Wall St Value Rating: ★★★★☆☆
Overview: Freehold Royalties Ltd. focuses on acquiring and managing royalty interests in crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States, with a market cap of CA$2.19 billion.
Operations: Freehold Royalties Ltd. generates revenue primarily from its oil and gas exploration and production segment, which amounted to CA$323.04 million. The company has a market cap of CA$2.19 billion.
Freehold Royalties, a small-cap player in the Canadian market, has seen its debt to equity ratio rise from 15.1% to 24.7% over five years but maintains satisfactory net debt levels at 24.6%. Interest payments are well covered by EBIT with a 15.3x coverage ratio. Trading at nearly 57% below estimated fair value, Freehold also reported Q2 net income of CAD 39.3 million and declared dividends of CAD 0.09 per share for upcoming months.
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Delve into the full analysis health report here for a deeper understanding of Freehold Royalties.
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Evaluate Freehold Royalties' historical performance by accessing our past performance report.
Hammond Power Solutions
Simply Wall St Value Rating: ★★★★★★
Overview: Hammond Power Solutions Inc., along with its subsidiaries, specializes in designing, manufacturing, and selling various transformers across Canada, the United States, Mexico, and India with a market cap of CA$1.71 billion.
Operations: HPS generates revenue primarily from the manufacture and sale of transformers, totaling CA$754.37 million.