Exploring Undiscovered Gems in Canada December 2024

In This Article:

As Canadian markets navigate the evolving landscape of bond yields and interest rate adjustments, investors are increasingly looking beyond traditional cash holdings to explore opportunities in other asset classes. In this environment, identifying promising small-cap stocks can be particularly rewarding, as these companies often offer unique growth potential and resilience amidst shifting economic conditions.

Top 10 Undiscovered Gems With Strong Fundamentals In Canada

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Reconnaissance Energy Africa

NA

9.16%

15.11%

★★★★★★

Lithium Chile

NA

nan

42.01%

★★★★★★

Minsud Resources

NA

nan

-29.01%

★★★★★★

Amerigo Resources

14.04%

7.04%

11.73%

★★★★★☆

Maxim Power

25.01%

12.79%

17.14%

★★★★★☆

Mako Mining

10.21%

38.44%

58.78%

★★★★★☆

Grown Rogue International

24.92%

43.35%

67.95%

★★★★★☆

Corby Spirit and Wine

65.79%

7.46%

-5.76%

★★★★☆☆

Petrus Resources

19.44%

17.20%

46.03%

★★★★☆☆

DIRTT Environmental Solutions

58.73%

-5.34%

-5.43%

★★★★☆☆

Click here to see the full list of 45 stocks from our TSX Undiscovered Gems With Strong Fundamentals screener.

Let's review some notable picks from our screened stocks.

Evertz Technologies

Simply Wall St Value Rating: ★★★★★★

Overview: Evertz Technologies Limited designs, manufactures, and distributes video and audio infrastructure solutions for production, post-production, broadcast, and telecommunications markets globally, with a market cap of approximately CA$948.45 million.

Operations: Revenue primarily stems from the Television Broadcast Equipment Market, amounting to CA$494.95 million.

Evertz Technologies, a Canadian player in the communications sector, showcases a compelling mix of financial stability and strategic moves. Despite facing a 14.8% earnings drop over the past year, it's trading at 10.1% below its estimated fair value, suggesting potential upside compared to industry peers. The company remains debt-free, enhancing its financial flexibility and reducing risk exposure. Recent activities include repurchasing 202,684 shares for CAD 2.56 million and declaring a quarterly dividend of CAD 0.20 per share. With positive free cash flow and no debt concerns, Evertz appears poised for steady future growth within its market segment.

TSX:ET Debt to Equity as at Dec 2024
TSX:ET Debt to Equity as at Dec 2024

Kraken Robotics

Simply Wall St Value Rating: ★★★★☆☆

Overview: Kraken Robotics Inc. is a marine technology company that designs, manufactures, and sells sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications globally, with a market cap of CA$708.89 million.