U.S. Potentially Undervalued Companies

NexMetals Mining

Market Cap: US$124.8m

Through its subsidiaries, engages in the acquisition, exploration, and evaluation of mineral properties in Canada, Barbados, and Botswana.

Offerpad Solutions

Market Cap: US$129.7m

Provides technology-enabled solutions for residential real estate market in the United States.

Oncology Institute

Market Cap: US$336.6m

An oncology company, provides various medical oncology services in the United States.

Black Hills

Market Cap: US$4.4b

Through its subsidiaries, operates as an electric and natural gas utility company in the United States.

PSB Holdings

Market Cap: US$107.3m

Operates as a bank holding company for Peoples State Bank that provides a range of retail consumer and commercial banking products and services to individuals and businesses in the United States.

Sims

Market Cap: US$2.6b

Engages in buying, processing, and selling of ferrous and non-ferrous recycled metals in Australia, China, India, Thailand, Turkey, the United States, and internationally.

Gorman-Rupp

Market Cap: US$1.2b

Designs, manufactures, and sells pumps and pump systems in the United States and internationally.

Aurinia Pharmaceuticals

Market Cap: US$1.7b

A biopharmaceutical company that engages in delivering therapies to people living with autoimmune diseases with high unmet medical needs.

Raymond James Financial

Market Cap: US$34.3b

A diversified financial services company, provides private client group, capital markets, asset management, banking, and other services to individuals, corporations, and municipalities in the United States, Canada, and Europe.

Leonardo

Market Cap: US$30.5b

An industrial and technological company, engages in the helicopters, defense electronics and security, cyber security and solutions, aircraft, aerostructures, and space sectors in Italy, the United Kingdom, rest of Europe, the United States of America, and internationally.

HIVE Digital Technologies

Market Cap: US$1.3b

A technology company, engages in the building and operating data centers powered by green energy in Bermuda.

Vulcan Energy Resources

Market Cap: US$1.2b

Engages in the geothermal energy, and lithium exploration and production activities in Europe, Germany, and Australia.

ATEX Resources

Market Cap: US$740.9m

Engages in the exploration and evaluation of mineral properties in South America.

TransDigm Group

Market Cap: US$73.3b

Designs, produces, and supplies aircraft components in the United States and internationally.

American Eagle Outfitters

Market Cap: US$3.0b

Operates as a multi-brand specialty retailer in the United States and internationally.

Localiza Rent a Car

Market Cap: US$42.8b

Engages in car and fleet rental business in Brazil and internationally.

Advantage Solutions

Market Cap: US$567.1m

Provides business solutions to consumer packaged goods companies and retailers in North America, Asia Pacific, and Europe.

National Grid

Market Cap: US$52.1b

Engages in the transmission and distribution of electricity and gas.

AIRO Group Holdings

Market Cap: US$611.2m

A multi-faceted advanced Aerospace and Defense company.

Nicolet Bankshares

Market Cap: US$1.9b

Operates as the bank holding company for Nicolet National Bank that provides banking products and services for businesses and individuals in Wisconsin, Michigan, and Minnesota.

Silver Tiger Metals

Market Cap: US$312.5m

Engages in the exploration and evaluation of mineral properties in Mexico.

Prairie Operating

Market Cap: US$101.1m

An independent energy company, engages in the acquisition, development, and production of crude oil, natural gas, and natural gas liquids in the United States.

AMC Entertainment Holdings

Market Cap: US$1.5b

Through its subsidiaries, engages in the theatrical exhibition business in the United States and Europe.

Check Point Software Technologies

Market Cap: US$21.8b

Develops, markets, and supports a range of products and services for IT security worldwide.

Andersons

Market Cap: US$1.3b

Operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally.

SNDL

Market Cap: US$661.4m

Engages in the production, distribution, and sale of cannabis products for the adult-use market in Canada.

TerraVest Industries

Market Cap: US$3.0b

Manufactures and sells goods and services to agriculture, mining, energy production and distribution, chemical, utilities, transportation and construction, and other markets in Canada, the United States, and internationally.

Grupo Televisa

Market Cap: US$26.5b

Owns and operates cable companies and provides direct-to-home satellite pay television system in Mexico and internationally.

TDK

Market Cap: US$4.1t

Engages in manufacture and sale of electronic components in Japan, Europe, China, Asia, the Americas, and internationally.

Futu Holdings

Market Cap: US$24.6b

Provides digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally.

NetEase

Market Cap: US$742.6b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

OneWater Marine

Market Cap: US$258.2m

Operates as a recreational marine retailer in the United States.

Inovio Pharmaceuticals

Market Cap: US$133.9m

A biotechnology company, focuses on the discovery, development, and commercialization of DNA medicines to treat and protect people from diseases associated with human papillomavirus (HPV), cancer, and infectious diseases.

M/I Homes

Market Cap: US$3.8b

Engages in the construction and sale of single-family residential homes in Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee.

8x8

Market Cap: US$302.7m

Provides contact center, voice, video, chat, and enterprise-class application programmable interface (API) solutions worldwide.

TRX Gold

Market Cap: US$237.6m

A junior gold mining company, engages in the exploration, development, and production of mineral property in Tanzania.