Discover 3 Undiscovered Gems in Canada with Promising Potential
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The Canadian market has shown robust performance, rising 2.1% over the last week and up 14% over the past year, with earnings forecasted to grow by 15% annually. In this thriving environment, identifying stocks with promising potential involves looking beyond the well-known names to uncover hidden gems that align with these positive trends.
Top 10 Undiscovered Gems With Strong Fundamentals In Canada
| Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
|---|---|---|---|---|
| Alvopetro Energy | NA | 52.76% | 59.10% | ★★★★★★ |
| TWC Enterprises | 7.71% | 8.87% | 30.01% | ★★★★★★ |
| Taiga Building Products | NA | 7.62% | 15.46% | ★★★★★★ |
| Frontera Energy | 28.78% | -0.59% | 34.36% | ★★★★★☆ |
| Reconnaissance Energy Africa | NA | 34.75% | -7.79% | ★★★★★☆ |
| Mako Mining | 28.08% | 39.01% | 48.79% | ★★★★★☆ |
| Queen's Road Capital Investment | 7.20% | 22.14% | 22.20% | ★★★★☆☆ |
| Genesis Land Development | 53.32% | 25.58% | 47.05% | ★★★★☆☆ |
| Senvest Capital | 54.38% | 2.12% | -0.88% | ★★★★☆☆ |
| Fairfax India Holdings | 17.90% | 2.65% | 1.15% | ★★★★☆☆ |
Let's review some notable picks from our screened stocks.
Aris Mining
Simply Wall St Value Rating: ★★★★☆☆
Overview: Aris Mining Corporation, with a market cap of CA$1.04 billion, engages in the acquisition, exploration, development, and operation of gold properties in Canada, Colombia, and Guyana.
Operations: Aris Mining Corporation generates revenue primarily from its Segovia Operations ($409.96 million) and Marmato Project ($48.43 million).
Aris Mining has become profitable this year, with high-quality earnings and a satisfactory net debt to equity ratio of 35.5%. The company reported gold production of 99,983 ounces for H1 2024, down from 104,906 ounces in the same period last year. Aris is expanding its Segovia processing plant to boost capacity by 50%, aiming for an annual output of 300,000 ounces. Trading at nearly half its estimated fair value, Aris's future looks promising as it integrates new assets and scales operations.
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Navigate through the intricacies of Aris Mining with our comprehensive health report here.
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Gain insights into Aris Mining's historical performance by reviewing our past performance report.
Hammond Power Solutions
Simply Wall St Value Rating: ★★★★★★
Overview: Hammond Power Solutions Inc., together with its subsidiaries, engages in the design, manufacture, and sale of various transformers in Canada, the United States, Mexico, and India with a market cap of CA$1.42 billion.
Operations: HPS generates revenue primarily from the manufacture and sale of transformers, amounting to CA$754.37 million. The company's market cap stands at CA$1.42 billion.