Three Undiscovered Gems in Canada with Strong Potential
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The Canadian market has climbed 1.1% over the last week and is up 20% over the past 12 months, with earnings expected to grow by 15% per annum over the next few years. In this promising environment, identifying stocks with strong fundamentals and growth potential can be particularly rewarding; here are three undiscovered gems in Canada that stand out.
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% | ★★★★★☆ |
| Tornado Global Hydrovacs | 14.62% | 24.52% | 64.90% | ★★★★★☆ |
| 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% | ★★★★☆☆ |
We're going to check out a few of the best picks from our screener tool.
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$2.16 billion.
Operations: Freehold Royalties Ltd. generated CA$323.04 million in revenue from its oil and gas exploration and production activities. The company has a market cap of CA$2.16 billion, focusing on royalty interests in various energy sectors across Western Canada and the United States.
Freehold Royalties, trading at 56.3% below its estimated fair value, boasts high-quality earnings and a net debt to equity ratio of 24.6%, which is satisfactory. Despite a -5.9% earnings growth over the past year, it outperformed the Oil and Gas industry average of -36.7%. The company reported CAD 39.3 million in net income for Q2 2024, up from CAD 24.26 million last year, with diluted EPS rising to CAD 0.26 from CAD 0.16 previously.
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Delve into the full analysis health report here for a deeper understanding of Freehold Royalties.
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Explore historical data to track Freehold Royalties' performance over time in our Past section.
Hammond Power Solutions
Simply Wall St Value Rating: ★★★★★★
Overview: Hammond Power Solutions Inc., along with its subsidiaries, specializes in designing, manufacturing, and selling a range of transformers across Canada, the United States, Mexico, and India with a market cap of CA$1.67 billion.