Discovering Three Undiscovered Gems In Canada For Savvy Investors
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Over the last 7 days, the Canadian market has risen 2.7%, with notable gains in the Materials sector at 6.9% and the Financials sector at 2.5%. In light of a market that is up 16% over the past year and earnings forecasted to grow by 15% annually, identifying stocks with strong fundamentals and growth potential can be particularly rewarding for investors.
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% | ★★★★★★ |
| Jaguar Mining | 1.19% | 5.49% | 5.12% | ★★★★★★ |
| Taiga Building Products | NA | 6.05% | 10.50% | ★★★★★★ |
| Amerigo Resources | 12.87% | 7.49% | 12.97% | ★★★★★☆ |
| 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.
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 across Western Canada and the United States, with a market cap of CA$2.07 billion.
Operations: Freehold Royalties Ltd. generates revenue primarily from its oil and gas exploration and production segment, amounting to CA$323.04 million. The company has a market cap of approximately CA$2.07 billion.
Freehold Royalties reported net income of CAD 39.3 million for Q2 2024, up from CAD 24.26 million a year ago, with basic earnings per share rising to CAD 0.26 from CAD 0.16. The company declared a monthly dividend of CAD 0.09 per share payable on October 15, reflecting its strong financial health and commitment to shareholder returns. Despite negative earnings growth of -5.9% over the past year, Freehold's EBIT covers interest payments by a factor of 15x, and it trades at nearly half its estimated fair value (58%).
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Unlock comprehensive insights into our analysis of Freehold Royalties stock in this health report.
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Gain insights into Freehold Royalties' past trends and performance with our Past report.
Hammond Power Solutions
Simply Wall St Value Rating: ★★★★★★
Overview: Hammond Power Solutions Inc., along with its subsidiaries, designs, manufactures, and sells various transformers across Canada, the United States, Mexico, and India with a market cap of CA$1.54 billion.
Operations: Hammond Power Solutions generates revenue primarily from the manufacture and sale of transformers, amounting to CA$754.37 million. The company operates across multiple regions including Canada, the United States, Mexico, and India.