Canadian Potentially Undervalued Companies

Chorus Aviation

Market Cap: CA$533.3m

Through its subsidiaries, provides aviation services.

Sagicor Financial

Market Cap: CA$1.1b

Provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States.

Russel Metals

Market Cap: CA$2.2b

Engages in the distribution of steel and other metal products in Canada and the United States.

Air Canada

Market Cap: CA$5.4b

Provides domestic, U.S. transborder, and international airline services.

Eldorado Gold

Market Cap: CA$7.7b

Engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, and Greece.

Firan Technology Group

Market Cap: CA$254.3m

Manufactures and sells aerospace and defense electronic products and subsystems in Canada, the United States, and China.

Serabi Gold

Market Cap: CA$189.3m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Transcontinental

Market Cap: CA$1.7b

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.

Gildan Activewear

Market Cap: CA$11.9b

Manufactures and sells various apparel products.

ACT Energy Technologies

Market Cap: CA$173.7m

Provides directional drilling services to oil and natural gas exploration and development companies in Canada and the United States.

Highwood Asset Management

Market Cap: CA$69.0m

Together with its subsidiary, operates as an oil and gas exploration and production company in Canada.

Propel Holdings

Market Cap: CA$841.8m

Operates as a financial technology company.

Tenaz Energy

Market Cap: CA$712.4m

An energy company, engages in the acquisition and development of oil and gas properties in Canada and the Netherlands.

Martinrea International

Market Cap: CA$754.7m

Engages in the design, development, manufacture, and sale of engineered, value-added lightweight structures, and propulsion systems for automotive sector in North America, Europe, and internationally.

Bonterra Energy

Market Cap: CA$134.6m

A conventional oil and gas company, engages in the development and production of oil and natural gas in Canada.

PHX Energy Services

Market Cap: CA$322.6m

Provides horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies in Canada, the United States, Albania, the Middle East regions, and internationally.

Sangoma Technologies

Market Cap: CA$244.6m

Develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications in the United States of America and internationally.

AtkinsRéalis Group

Market Cap: CA$14.0b

Provides professional services and project management, and capital investment services in United Kingdom, Canada, the United States, Saudi Arabia, and internationally.

Vecima Networks

Market Cap: CA$243.1m

Engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics.

Open Text

Market Cap: CA$8.2b

Designs, develops, markets, and sells information management software and solutions in North, Central, and South America, Europe, the Middle East, Africa, Australia, Japan, Singapore, India, and China.

Allied Gold

Market Cap: CA$2.8b

Explores and produces mineral deposits in Africa.

First Quantum Minerals

Market Cap: CA$23.7b

Engages in the exploration, development, and production of mineral properties.

Bird Construction

Market Cap: CA$1.4b

Provides construction services in Canada.

ARC Resources

Market Cap: CA$14.3b

Engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada.

Andean Precious Metals

Market Cap: CA$956.9m

Engages in the acquisition, exploration, development, and processing of mineral resource properties in the United States.

Alaris Equity Partners Income Trust

Market Cap: CA$869.6m

A private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments.

Northland Power

Market Cap: CA$4.5b

Operates as a power producer in Canada, the Netherlands, Germany, Colombia, Spain, the United States, and internationally.

Hudbay Minerals

Market Cap: CA$8.3b

A diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America.

Aecon Group

Market Cap: CA$1.6b

Aecon Group Inc., together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally.

Decibel Cannabis

Market Cap: CA$66.3m

An integrated cannabis company, engages in the cannabis cultivation in Canada.

Valeura Energy

Market Cap: CA$770.3m

Engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey.

Calian Group

Market Cap: CA$520.4m

Provides business products and solutions in Canada and internationally.

Alithya Group

Market Cap: CA$170.5m

Provides information technology services and solutions through digital technologies in Canada, the United States, and internationally.

Wesdome Gold Mines

Market Cap: CA$3.0b

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada.

Torex Gold Resources

Market Cap: CA$5.7b

Operates as an intermediate gold producer.

WELL Health Technologies

Market Cap: CA$992.7m

Operates as a practitioner-focused digital healthcare company in Canada, the United States, and internationally.