Undiscovered Gems In Canada Featuring These 3 Promising Stocks
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In the last week, the Canadian market has been flat, but it is up 19% over the past year with earnings forecasted to grow by 15% annually. In this promising environment, identifying stocks with strong fundamentals and growth potential can be key to uncovering hidden opportunities.
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% | ★★★★★★ |
| Tenaz Energy | NA | 33.64% | 50.62% | ★★★★★☆ |
| Mako Mining | 22.90% | 38.12% | 54.79% | ★★★★★☆ |
| Pizza Pizza Royalty | 15.66% | 3.64% | 3.95% | ★★★★☆☆ |
| Firm Capital Mortgage Investment | 57.73% | 9.38% | 5.91% | ★★★★☆☆ |
| Queen's Road Capital Investment | 7.20% | 22.14% | 22.20% | ★★★★☆☆ |
| Genesis Land Development | 53.32% | 25.58% | 47.05% | ★★★★☆☆ |
Below we spotlight a couple of our favorites from our exclusive screener.
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$2.19 billion.
Operations: Freehold Royalties Ltd. generated CA$323.04 million from its oil and gas exploration and production revenue segment. The company’s market cap stands at CA$2.19 billion, reflecting its significant presence in the industry.
Freehold Royalties, a smaller player in the oil and gas sector, reported net income of CAD 39.3 million for Q2 2024, up from CAD 24.26 million a year ago. The company trades at 57.5% below its estimated fair value and has high-quality earnings despite negative earnings growth (-5.9%) over the past year compared to the industry average (-36.7%). Its debt level remains satisfactory with a net debt to equity ratio of 24.6%.
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Delve into the full analysis health report here for a deeper understanding of Freehold Royalties.
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Examine Freehold Royalties' past performance report to understand how it has performed in the past.
Hammond Power Solutions
Simply Wall St Value Rating: ★★★★★★
Overview: Hammond Power Solutions Inc., along with its subsidiaries, specializes in designing, manufacturing, and selling a variety of transformers across Canada, the United States, Mexico, and India with a market cap of CA$1.71 billion.
Operations: Hammond Power Solutions generates CA$754.37 million in revenue from the manufacture and sale of transformers. The company has a market cap of CA$1.71 billion.