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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 |
|---|---|---|---|---|---|---|
| GSV | Gold Standard Ventures Corp | 2017 | 2.210000 | 3.7000 | CAD | 2 |
| SRX | Storm Resources Ltd | 2017 | 4.090000 | 5.8850 | CAD | 10 |
| LMC | Leagold Mining Corp | 2017 | 2.340000 | 5.7500 | CAD | 1 |
| MJN | Cronos Group Inc | 2017 | 1.790000 | 3.7600 | CAD | 5 |
| CKG | Chesapeake Gold Corp | 2017 | 3.120000 | 6.0000 | CAD | 1 |
| BLN | Blackline Safety Corp | 2018 | 3.820000 | 6.3750 | CAD | 2 |
| MPH | Medicure Inc | 2017 | 8.300000 | 12.2167 | CAD | 3 |
| FIL | Filo Mining Corp | 2017 | 2.100000 | 3.6000 | CAD | 1 |
| AT | AcuityAds Holdings Inc | 2017 | 3.960000 | 6.0625 | CAD | 4 |
| EMC | Emblem Corp | 2017 | 1.600000 | 3.3875 | CAD | 4 |
| FCF | Founders Advantage Capital Corp | 2017 | 2.800000 | 4.5625 | CAD | 4 |
| SOG | Strategic Oil & Gas Ltd | 2017 | 2.460000 | 4.0000 | CAD | 1 |
| POE | Pan Orient Energy Corp | 2017 | 1.770000 | 3.4000 | CAD | 1 |
| THCX | The Hydropothecary Corp | 2018 | 1.240000 | 3.8500 | CAD | 2 |
| SIL | SilverCrest Metals Inc | 2017 | 1.790000 | 3.2500 | CAD | 1 |
| LTE | Lite Access Technologies Inc | 2018 | 1.800000 | 4.0000 | CAD | 1 |
| M | Mosaic Capital Corp | 2017 | 7.490000 | 10.8750 | CAD | 4 |
| ABCN | ABcann Global Corp | 2017 | 0.890000 | 2.4000 | CAD | 1 |
| PRN | Profound Medical Corp | 2017 | 1.100000 | 3.5500 | CAD | 3 |
| EGT | Eguana Technologies Inc | 2018 | 0.250000 | 2.0000 | CAD | 1 |
| CBX | Cortex Business Solutions Inc | 2018 | 4.010000 | 7.0000 | CAD | 4 |
| GFG | GFG Resources Inc | 2018 | 0.660000 | 2.1000 | CAD | 1 |
| ACST | Acasti Pharma Inc | 2018 | 1.670000 | 10.0000 | CAD | 1 |
| RP | RepliCel Life Sciences Inc | 2017 | 0.450000 | 3.5000 | CAD | 1 |
| BSR | Bluestone Resources Inc | 2017 | 1.420000 | 4.0000 | 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.
GSV:TSX Gold Standard Ventures
http://www.goldstandardv.com
Gold Standard Ventures has 12 employees and is headquartered in Canada.
Gold Standard Ventures Corp is an advanced stage gold exploration company. It is also engaged in acquiring, exploring mineral projects, with project situated across Nevada for gold and other minerals.
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 British Columbia.
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.