I have used the analysis tools on the website stockcalc.com to generate some of the content of this blog post. These tools and reports are available for free at www.stockcalc.com/TopPicks.aspx.
Undervalued Stocks on TSX
Today we are looking at companies that are considered undervalued based on the Analyst data in the StockCalc database.
In the table below we can see the close price and target price for these companies along with the number of analysts covering the stock. We also have included the fiscal year for the target price as sometimes these analyst targets are not for the current or even the next fiscal year.
There can be a number of reasons why a company would be on this list. What is particularly interesting are companies with a large analyst following that make this list. We need to dig deeper into these companies to understand why the difference in price versus target.
Today’s Data on TSX
Today’s data is for companies listed on the TSX Venture Exchange.
| Symbol | Name | Target Year | Close Price | Target Price Mean | Currency | Target Price # of Estimates |
|---|---|---|---|---|---|---|
| SRX | Storm Resources Ltd | 2017 | 5.220000 | 6.3636 | CAD | 11 |
| APH | Aphria Inc | 2017 | 5.230000 | 6.1917 | CAD | 6 |
| WED | Westaim Corp | 2017 | 2.920000 | 4.0333 | CAD | 3 |
| MT | Mettrum Health Corp | 2018 | 6.720000 | 8.5500 | CAD | 3 |
| OGI | OrganiGram Holdings Inc | 2017 | 2.810000 | 4.2200 | CAD | 5 |
| CKG | Chesapeake Gold Corp | 2017 | 4.380000 | 6.0000 | CAD | 2 |
| LLG | Mason Graphite Inc | 2017 | 1.360000 | 2.3000 | CAD | 2 |
| FCF | Founders Advantage Capital Corp | 2017 | 3.700000 | 5.2500 | CAD | 2 |
| PRB | Probe Metals Inc | 2017 | 1.310000 | 2.5000 | CAD | 1 |
| RX | Biosyent Inc | 2017 | 7.900000 | 10.2500 | CAD | 1 |
| FPC | Falco Resources Ltd | 2017 | 0.910000 | 1.7500 | CAD | 2 |
| POE | Pan Orient Energy Corp | 2017 | 1.530000 | 3.4000 | CAD | 1 |
| DAN | Arianne Phosphate Inc | 2017 | 0.810000 | 1.8750 | CAD | 2 |
| HEO | H2O Innovation Inc | 2017 | 1.800000 | 2.7500 | CAD | 1 |
| GQC | GoldQuest Mining Corp | 2017 | 0.300000 | 1.2167 | CAD | 3 |
| TTR | Titanium Transportation Group Inc | 2017 | 1.450000 | 2.6250 | CAD | 4 |
| JTR | GreenSpace Brands Inc | 2018 | 1.220000 | 2.0750 | CAD | 4 |
| GFG | GFG Resources Inc | 2017 | 1.200000 | 2.8000 | CAD | 1 |
| OLA | Orla Mining Ltd | 2017 | 1.260000 | 2.1500 | CAD | 2 |
| PRN | Profound Medical Corp | 2017 | 1.070000 | 3.2000 | CAD | 2 |
| ATM | Atacama Pacific Gold Corp | 2018 | 0.410000 | 1.3250 | CAD | 2 |
| CBX | Cortex Business Solutions Inc | 2017 | 3.100000 | 6.0833 | CAD | 3 |
| RP | RepliCel Life Sciences Inc | 2017 | 1.230000 | 2.1500 | CAD | 1 |
| ACST | Acasti Pharma Inc | 2018 | 1.710000 | 10.0000 | CAD | 1 |
| ICC | ICC International Cannabis Corp | 2018 | 0.920000 | 2.1000 | CAD | 1 |
Let’s look at a few companies…
Lets look at a couple of the companies on this list to get a better understanding of them.
SRX:TSX Storm Resources
http://www.stormresourcesltd.com
Storm Resources has 28 employees and is headquartered in Canada.
Storm Resources Ltd is an oil and gas exploration and development company. It mainly operates in the provinces of Alberta and British Columbia.
APH:TSX Aphria
http://www.aphria.com
Aphria has 57 employees and is headquartered in Canada.
Aphria Inc is engaged in the business of producing and selling medical marijuana.
Free Valuation
Run a valuation on any of the companies listed above at www.stockcalc.com/valureport.aspx.
The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.