Canadian Undervalued based on future growth

Tourmaline Oil

Market Cap: CA$23.3b

Engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in the Western Canadian Sedimentary Basin.

ARC Resources

Market Cap: CA$13.8b

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

IAMGOLD

Market Cap: CA$10.2b

Through its subsidiaries, operates as a gold producer and developer in Canada and Burkina Faso.

Artemis Gold

Market Cap: CA$8.0b

Focuses on the identification, acquisition, and development of gold properties.

New Gold

Market Cap: CA$7.8b

An intermediate gold mining company, engages in the development and operation of mineral properties in Canada.

OceanaGold

Market Cap: CA$7.6b

A gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand.

Eldorado Gold

Market Cap: CA$7.5b

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

B2Gold

Market Cap: CA$7.3b

Operates as a gold producer company in Canada.

DPM Metals

Market Cap: CA$6.7b

A gold mining company, engages in the acquisition, exploration, development, mining, and processing of precious metals.

G Mining Ventures

Market Cap: CA$6.4b

A mining company, engages in the acquisition, exploration, and development of precious metal projects.

Torex Gold Resources

Market Cap: CA$5.8b

Operates as an intermediate gold producer.

SSR Mining

Market Cap: CA$5.7b

Engages in the acquisition, exploration, and development of precious metal resource properties in the United States, Türkiye, Canada, and Argentina.

K92 Mining

Market Cap: CA$4.5b

Engages in the exploration and development of mineral deposits in Papua New Guinea.

Premium Brands Holdings

Market Cap: CA$4.2b

Manufactures and distributes food products under various brands in the United States, Canada, Asia, Europe, and internationally.

Aris Mining

Market Cap: CA$2.8b

Engages in the acquisition, exploration, development, and operation of gold properties in Canada, Colombia, and Guyana.

goeasy

Market Cap: CA$2.1b

Provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada.

Primaris Real Estate Investment Trust

Market Cap: CA$1.8b

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in enclosed shopping centres in Canadian markets.

Bird Construction

Market Cap: CA$1.6b

Provides construction services in Canada.

Alphamin Resources

Market Cap: CA$1.3b

Engages in the production and sale of tin concentrate.

Cascades

Market Cap: CA$1.2b

Produces, converts, and markets packaging and tissue products in Canada and the United States.

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.

Magellan Aerospace

Market Cap: CA$976.6m

Through its subsidiaries, engineers and manufactures aeroengine and aerostructure components for aerospace markets in Canada, the United States, and Europe.

MCAN Mortgage

Market Cap: CA$895.7m

Operates as a loan and mortgage investment corporation in Canada.

DeFi Technologies

Market Cap: CA$895.1m

A technology company, develops exchange traded products that synthetically track the value of a single DeFi protocol or a basket of protocols in Canada.

Propel Holdings

Market Cap: CA$837.5m

Operates as a financial technology company.

Orezone Gold

Market Cap: CA$795.2m

Engages in the mining, exploration, and development of gold properties.

Nexus Industrial REIT

Market Cap: CA$755.8m

Nexus is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties.

ShaMaran Petroleum

Market Cap: CA$718.9m

Engages in the oil and gas exploration and production.

Dexterra Group

Market Cap: CA$650.8m

Engages in the provision of support services for the creation, management, and operation of infrastructure in Canada.

Mattr

Market Cap: CA$627.0m

Operates as a materials technology company that serves the transportation, communication, water management, and energy and electrification markets in Canada, the United States, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

Cogeco

Market Cap: CA$580.9m

Operates in the communications and media sectors in Canada and the United States.

North American Construction Group

Market Cap: CA$566.7m

Provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States.

Magna Mining

Market Cap: CA$558.8m

Engages in the acquisition, exploration, and development of mineral properties in Canada.

Pollard Banknote

Market Cap: CA$534.9m

Manufactures and sells lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

VersaBank

Market Cap: CA$529.2m

Provides various banking products and services in Canada and the United States.

Logan Energy

Market Cap: CA$500.4m

Engages in the exploration, development, and production of crude oil and natural gas properties.