3 Top Undervalued Small Caps In Canada With Insider Activity
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The Canadian market has been closely watching the developments from the U.S. Federal Reserve's annual symposium in Jackson Hole, where discussions have heightened anticipation around potential rate cuts. With markets largely treading water and awaiting further clarity, small-cap stocks in Canada present intriguing opportunities for investors looking to capitalize on undervalued assets with insider activity. In this article, we explore three top undervalued small caps in Canada that are drawing attention due to recent insider transactions.
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 | 34.80% | ★★★★★★ |
| Nexus Industrial REIT | 3.5x | 3.5x | 24.45% | ★★★★★☆ |
| Obsidian Energy | 6.6x | 1.0x | 48.20% | ★★★★★☆ |
| Flagship Communities Real Estate Investment Trust | 3.4x | 3.6x | 48.72% | ★★★★★☆ |
| Bragg Gaming Group | NA | 1.2x | 17.26% | ★★★★★☆ |
| Trican Well Service | 8.2x | 1.0x | 5.07% | ★★★★☆☆ |
| Hemisphere Energy | 6.0x | 2.3x | 9.67% | ★★★★☆☆ |
| Information Services | 23.9x | 2.1x | -66.66% | ★★★★☆☆ |
| Sagicor Financial | 1.4x | 0.3x | -45.06% | ★★★★☆☆ |
| Primaris Real Estate Investment Trust | 11.3x | 3.0x | 43.84% | ★★★★☆☆ |
Here's a peek at a few of the choices from the screener.
Calibre Mining
Simply Wall St Value Rating: ★★★★☆☆
Overview: Calibre Mining is a gold mining company focused on the acquisition, exploration, and development of gold properties in Nicaragua with a market cap of approximately $0.47 billion.
Operations: Revenue primarily comes from refined gold sales, totaling $564.69 million. The company experienced a gross profit margin of 42.07% and a net income margin of 9.30% in the latest period ending June 30, 2024. Operating expenses were $122.60 million and non-operating expenses amounted to $62.40 million for the same period.
PE: 25.9x
Calibre Mining, a small Canadian gold producer, has shown promising drill results from its Eastern Borosi program in Nicaragua, including 13.24 g/t Au over 5.8 metres and other high-grade intercepts. Recent insider confidence is evident with notable share purchases over the past year. Despite a dip in profit margins to US$20.76 million for Q2 2024 from US$33.2 million last year, the company forecasts annual earnings growth of 22%.
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Unlock comprehensive insights into our analysis of Calibre Mining stock in this valuation report.
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Gain insights into Calibre Mining's historical performance by reviewing our past performance report.
Killam Apartment REIT
Simply Wall St Value Rating: ★★★★☆☆
Overview: Killam Apartment REIT operates as a real estate investment trust focusing on owning, managing, and developing multi-residential properties across Canada with a market cap of approximately CA$2.23 billion.