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The Canadian market has shown robust performance, climbing 1.1% in the last 7 days and up 15% over the past year, with earnings projected to grow by 16% annually in the coming years. In this favorable environment, identifying undervalued small-cap stocks with insider buying can offer promising opportunities for investors looking to capitalize on potential growth.
Top 10 Undervalued Small Caps With Insider Buying In Canada
| Name | PE | PS | Discount to Fair Value | Value Rating |
|---|---|---|---|---|
| Calfrac Well Services | 2.7x | 0.2x | 33.02% | ★★★★★★ |
| Nexus Industrial REIT | 3.6x | 3.5x | 23.81% | ★★★★★☆ |
| Obsidian Energy | 6.8x | 1.1x | 46.54% | ★★★★★☆ |
| Flagship Communities Real Estate Investment Trust | 3.4x | 3.6x | 48.00% | ★★★★★☆ |
| Bragg Gaming Group | NA | 1.2x | 15.91% | ★★★★★☆ |
| Hemisphere Energy | 6.0x | 2.3x | 9.67% | ★★★★☆☆ |
| Information Services | 23.9x | 2.1x | -66.74% | ★★★★☆☆ |
| Sagicor Financial | 1.3x | 0.3x | -43.42% | ★★★★☆☆ |
| Primaris Real Estate Investment Trust | 11.4x | 3.0x | 43.53% | ★★★★☆☆ |
| Trican Well Service | 8.3x | 1.0x | 4.14% | ★★★☆☆☆ |
Let's dive into some prime choices out of 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 and Nevada with a market cap of approximately $0.49 billion (CAD).
Operations: Calibre Mining generates revenue primarily from refined gold sales, amounting to $564.69 million in the latest period. The company reported a gross profit margin of 42.07% and a net income margin of 9.30%.
PE: 26.0x
Calibre Mining, a small Canadian mining company, has shown promising results from recent exploration programs. Their Pan Heap Leach Gold Mine in Nevada and Eastern Borosi Mine Complex in Nicaragua revealed higher-than-expected gold grades. Despite a drop in net income to US$20.76 million for Q2 2024, insider confidence is evident with significant share purchases over the past year. The company's consolidated production guidance for 2024 remains strong at 275,000-300,000 ounces of gold.
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Get an in-depth perspective on Calibre Mining's performance by reading our valuation report here.
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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 primarily operates in the residential real estate sector, focusing on apartments, commercial properties, and manufactured home communities with a market cap of approximately CA$2.22 billion.
Operations: The company generates revenue primarily from Apartments (CA$312.15 million), with additional income from Commercial properties (CA$21.61 million) and Manufactured Home Communities (MHCs) (CA$20.92 million). The gross profit margin has shown a notable trend, reaching 65.59% as of the latest period ending 2024-06-30.