Undervalued Large-Cap Stocks on TSE July 2025

July 30, 2025

July 2025

BHC:TSE

Toronto Stock Exchange

The Toronto Stock Exchange (TSE) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization.

Large-Cap

Large-Cap stocks have a market capitalization of $10 billion or more.

Our Valuation

A stock is considered undervalued if it trades at a discount to our valuation. To determine a stock’s intrinsic value, we developed an algorithm that uses 6 valuation models to determine the value of a company.* To learn more about stockcalc’s valuation methods, click here.

Undervalued stocks on the TSE

Stocks in this category are held primarily for potential income and capital appreciation.

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Symbol	Name	Close Price ($)	Valuation ($)	Difference (%)	Average Vol (30D)	Market Cap ($M)	Yield (%)	P/E Ratio
BHC	Bausch Health Companies	6.22	12.44	99.97	374190	2299	0.00	0.0
MX	Methanex	44.90	87.04	93.85	197407	3031	2.30	10.6
BIP.UN	Brookfield Infr Partners	45.45	70.15	54.35	413762	20993	5.14	0.0
TFPM.U	Triple Flag Precious	12.56	17.67	40.65	-	2529	0.00	0.0
OLA	Orla Mining	14.51	19.63	35.28	533841	4678	0.00	0.0
AQN	Algonquin Power	7.52	9.95	32.33	1778104	5795	5.61	19.4
NGT	Newmont	72.32	94.77	31.05	199100	81505	1.94	11.9
MG	Magna International	49.82	64.03	28.53	2516783	14049	5.39	9.0
RCI.B	Rogers Communications	36.84	47.27	28.30	1453090	19857	5.43	11.4
IMG	Iamgold	9.40	11.97	27.38	2048910	5448	0.00	4.6

All data provided as at market close May 29, 2025.

Company Details

Bausch Health Companies

BHC:TSX

Close Price

6.22

Our Valuation

12.44

% Difference

99.97

Market Cap ($M)

2299

P/E Ratio

0.0

Bausch Health Companies Inc is a world-wide specialty pharmaceutical, consumer health, and medical device company with a focus on branded products for the gastroenterology, hepatology, neurology and dermatology markets. The company reports revenue in five segments: Salix; International; Solta Medical; Diversified Products and Bausch + Lomb. It generates maximum revenue from the Bausch + Lomb segment.

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Methanex

MX:TSX

Close Price

44.90

Our Valuation

87.04

% Difference

93.85

Market Cap ($M)

3031

P/E Ratio

10.6

Methanex Corp manufactures and sells methanol. Its customers use methanol as a feedstock to produce end-products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel.

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Brookfield Infr Partners

BIP.UN:TSX

Close Price

45.45

Our Valuation

70.15

% Difference

54.35

Market Cap ($M)

20993

P/E Ratio

0.0

Brookfield Infrastructure Partners LP is a Bermuda exempted limited partnership that owns and operates quality, long-life assets that generate stable cash flows, by virtue of barriers to entry or other characteristics that tend to appreciate in value over time. It focuses on acquiring infrastructure assets that have low maintenance capital costs and high barriers to entry. The company's segments consist of Utilities, Transport, Midstream, and Data.

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Triple Flag Precious

TFPM.U:TSX

Close Price

12.56

Our Valuation

17.67

% Difference

40.65

Market Cap ($M)

2529

P/E Ratio

0.0

Triple Flag Precious Metals Corp is a streaming and royalty company focused on precious metals. Its revenues are largely generated from a diversified portfolio of properties in Australia, Canada, Colombia, Cote d'Ivoire, Mexico, Mongolia, Peru, South Africa, and the United States.

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Orla Mining

OLA:TSX

Close Price

14.51

Our Valuation

19.63

% Difference

35.28

Market Cap ($M)

4678

P/E Ratio

0.0

Orla Mining Ltd is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds three gold projects; the Camino Rojo gold and silver project in Zacatecas State, Musselwhite gold mine project located in Ontario and the South Railroad projects in Nevada, USA, and the Cerro Quema gold project in Panama. It conducts business activities in Mexico, Panama, the United States, and Canada.

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Algonquin Power

AQN:TSX

Close Price

7.52

Our Valuation

9.95

% Difference

32.33

Market Cap ($M)

5795

P/E Ratio

19.4

Algonquin Power & Utilities Corp is a Canada-based diversified international generation, transmission, and distribution company.

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Newmont

NGT:TSX

Close Price

72.32

Our Valuation

94.77

% Difference

31.05

Market Cap ($M)

81505

P/E Ratio

11.9

Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to sell roughly 5.

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Magna International

MG:TSX

Close Price

49.82

Our Valuation

64.03

% Difference

28.53

Market Cap ($M)

14049

P/E Ratio

9.0

Magna International prides itself on an entrepreneurial culture and a corporate constitution that outlines the distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2024, 48% of Magna's USD 42.

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Rogers Communications

RCI.B:TSX

Close Price

36.84

Our Valuation

47.27

% Difference

28.30

Market Cap ($M)

19857

P/E Ratio

11.4

Rogers Communications is the largest wireless service provider in Canada, with its more than 11 million subscribers equating to one third of the total Canadian market. Its wireless business accounted for more than half of total revenue and has increasingly been providing a bigger portion of total company sales over the last several years.

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Iamgold

IMG:TSX

Close Price

9.40

Our Valuation

11.97

% Difference

27.38

Market Cap ($M)

5448

P/E Ratio

4.6

Iamgold Corp is a mid-tier gold mining company. The company operating gold mines are divided into geographic segments such as Cote Gold mine - Canada, Burkina Faso - Essakane mine, Westwood mine - Canada. The company's s non-gold mine segments are Exploration and evaluation and development, and Corporate - which includes royalty interests. The company generates the majority of its revenue from the Cote Gold mine segment.

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