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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 |
|---|---|---|---|---|---|---|
| SJR.A | Shaw Communications Inc | 2019 | 27.980000 | 30.6000 | CAD | 10 |
| OGI | OrganiGram Holdings Inc | 2019 | 6.210000 | 9.4583 | CAD | 6 |
| WED | Westaim Corp | 2019 | 2.730000 | 4.6250 | CAD | 2 |
| AM.H | HLS Therapeutics Inc | 2019 | 14.250000 | 20.0000 | CAD | 2 |
| KBLT | Cobalt 27 Capital Corp | 2019 | 3.980000 | 11.3500 | CAD | 9 |
| SYZ | Sylogist Ltd | 2019 | 12.730000 | 17.5000 | CAD | 2 |
| ALEF | Aleafia Health Inc | 2019 | 1.640000 | 6.5000 | CAD | 1 |
| BLN | Blackline Safety Corp | 2019 | 5.090000 | 7.3333 | CAD | 3 |
| WMD | WeedMD Inc | 2019 | 1.590000 | 3.7500 | CAD | 2 |
| HUT | Hut 8 Mining Corp | 2019 | 1.840000 | 5.0000 | CAD | 1 |
| FIL | Filo Mining Corp | 2019 | 2.200000 | 4.7250 | CAD | 4 |
| SGMA | Sigma Lithium Resources Corp | 2019 | 2.000000 | 4.5000 | CAD | 2 |
| RX | Biosyent Inc | 2019 | 8.200000 | 10.4167 | CAD | 3 |
| GENE | Invictus MD Strategies Corp | 2019 | 1.050000 | 3.0000 | CAD | 1 |
| ACST | Acasti Pharma Inc | 2020 | 1.450000 | 5.6000 | CAD | 2 |
| BTR | BonTerra Resources Inc | 2019 | 2.380000 | 6.0000 | CAD | 1 |
| MPH | Medicure Inc | 2019 | 6.400000 | 9.7500 | CAD | 2 |
| NLC | Neo Lithium Corp | 2019 | 0.830000 | 2.7000 | CAD | 4 |
| CKG | Chesapeake Gold Corp | 2019 | 1.980000 | 4.0000 | CAD | 1 |
| MCR | Macro Enterprises Inc | 2019 | 2.800000 | 5.1667 | CAD | 3 |
| MDP | Medexus Pharmaceuticals Inc | 2020 | 4.170000 | 10.5000 | CAD | 1 |
| GTT | GT Gold Corp | 2019 | 0.580000 | 3.7000 | CAD | 1 |
| PLU | Plateau Energy Metals Inc | 2019 | 0.740000 | 3.0000 | CAD | 1 |
| PTQ | Protech Home Medical Corp | 2019 | 0.620000 | 2.5000 | CAD | 1 |
| EPI | ESSA Pharma Inc | 2019 | 5.250000 | 37.3298 | 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.
SJR.A:TSX Shaw Communications
http://www.shaw.ca
Shaw Communications has 14000 employees and is headquartered in Canada.
Shaw Communications Inc is a communications and media company that offers consumers with broadband cable television, high-speed internet, home phone, telecommunications services, satellite direct-to-home services and engaging programming.
WED:TSX Westaim
http://www.westaim.com
Westaim has 8 employees and is headquartered in Canada.
Westaim Corp is a Canadian investment company engaged in providing long-term capital to businesses operating within the financial services industry. It provides its shareholders with capital appreciation and real wealth preservation.
Free Valuation
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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.