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The Canadian market has been experiencing a robust year, with the TSX climbing over 17%, reflecting a broader trend of economic growth, favorable central bank policies, and increasing corporate profits. In this context of market strength and optimism, discovering lesser-known stocks that exhibit strong fundamentals and potential for growth can be particularly rewarding for investors seeking to diversify their portfolios.
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% | ★★★★★★ |
| Santacruz Silver Mining | 14.30% | 49.04% | 63.44% | ★★★★★★ |
| Taiga Building Products | NA | 6.05% | 10.50% | ★★★★★★ |
| 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% | ★★★★☆☆ |
| Dundee | 5.93% | -38.65% | 39.44% | ★★★★☆☆ |
Let's explore several standout options from the results in the screener.
Centerra Gold
Simply Wall St Value Rating: ★★★★★★
Overview: Centerra Gold Inc. is a gold mining company involved in the acquisition, exploration, development, and operation of gold and copper properties across North America, Turkey, and internationally, with a market capitalization of approximately CA$2.18 billion.
Operations: Centerra Gold generates revenue primarily from its Öksüt, Molybdenum, and Mount Milligan segments, with contributions of $603.31 million, $239.65 million, and $429.08 million respectively. The company's financial performance is influenced by its cost structure and market conditions affecting these segments.
Centerra Gold, a notable player in the mining sector, is navigating its path with no debt on its books, contrasting with a 4.2% debt-to-equity ratio five years ago. The company trades at 53.1% below its estimated fair value, suggesting potential upside compared to industry peers. Recent financials show a turnaround with net income of US$104 million for the first half of 2024 versus a loss last year and earnings per share reaching US$0.49 from continuing operations. Despite significant insider selling recently, it has repurchased over 3 million shares for US$21.9 million this year, indicating confidence in its valuation prospects despite forecasted earnings decline by an average of 6.1% annually over the next three years.
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Get an in-depth perspective on Centerra Gold's performance by reading our health report here.
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Review our historical performance report to gain insights into Centerra Gold's's past performance.