Three Undiscovered Gems In Canada To Enhance Your Portfolio

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The Canadian market has shown impressive resilience, rising 1.1% over the last week with the Materials sector surging by 3.8%, and an overall annual growth of 21%. In light of these promising conditions and forecasted earnings growth of 15% annually, identifying lesser-known stocks with strong fundamentals can be a strategic move to enhance your portfolio.

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%

★★★★★★

Tornado Global Hydrovacs

14.62%

24.52%

64.90%

★★★★★☆

Westshore Terminals Investment

NA

-2.67%

-9.77%

★★★★★☆

Grown Rogue International

24.92%

43.35%

67.95%

★★★★★☆

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%

★★★★☆☆

Click here to see the full list of 47 stocks from our TSX Undiscovered Gems With Strong Fundamentals screener.

Let's uncover some gems from our specialized screener.

Silvercorp Metals

Simply Wall St Value Rating: ★★★★★★

Overview: Silvercorp Metals Inc., with a market cap of CA$1.29 billion, is involved in the acquisition, exploration, development, and mining of mineral properties through its subsidiaries.

Operations: Silvercorp Metals generates revenue primarily from its mining operations in Guangdong ($27.35 million) and Henan Luoning ($200 million). The company's net profit margin is a key financial metric to consider when evaluating its profitability.

Silvercorp Metals, a Canadian mining company, is trading at 89.7% below its estimated fair value and has shown robust earnings growth of 149.4% over the past year, outpacing the industry average of 1.2%. The firm reported Q1 revenue of US$72 million and net income of US$21.94 million, both significantly up from last year’s figures. Recently, Silvercorp announced a share repurchase program to buy back up to 8.67 million shares by September 2025, aiming to enhance shareholder value.

TSX:SVM Earnings and Revenue Growth as at Sep 2024
TSX:SVM Earnings and Revenue Growth as at Sep 2024

Standard Lithium

Simply Wall St Value Rating: ★★★★★★

Overview: Standard Lithium Ltd. explores, develops, and processes lithium brine properties in the United States with a market cap of CA$372.43 million.

Operations: Standard Lithium Ltd. does not currently report any revenue segments in its financial statements.