Canadian Undervalued based on future growth

Tourmaline Oil

Market Cap: CA$23.2b

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

Eldorado Gold

Market Cap: CA$7.9b

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

Parkland

Market Cap: CA$6.8b

Operates food and convenience stores in Canada, the United States, and internationally.

OceanaGold

Market Cap: CA$6.5b

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

SSR Mining

Market Cap: CA$6.3b

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

RioCan Real Estate Investment Trust

Market Cap: CA$5.6b

RioCan meets the everyday shopping needs of Canadians through the ownership, management and development of necessity-based and mixed-use properties in densely populated communities.

G Mining Ventures

Market Cap: CA$5.5b

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

Torex Gold Resources

Market Cap: CA$4.6b

Operates as an intermediate gold producer.

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.

goeasy

Market Cap: CA$3.3b

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

First National Financial

Market Cap: CA$2.9b

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services residential and commercial mortgages in Canada.

Advantage Energy

Market Cap: CA$1.9b

Engages in the acquisition, exploitation, development, and production natural gas, crude oil, and natural gas liquids (NGLs) in the Province of Alberta, Canada.

Primaris Real Estate Investment Trust

Market Cap: CA$1.6b

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

Bird Construction

Market Cap: CA$1.5b

Provides construction services in Canada.

Aecon Group

Market Cap: CA$1.5b

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.

Lassonde Industries

Market Cap: CA$1.5b

Develops, manufactures, and markets a range of ready-to-drink beverages, fruit-based snacks, frozen juice concentrates, and specialty food products in Canada, the United States, and internationally.

Propel Holdings

Market Cap: CA$1.3b

Operates as a financial technology company.

Alphamin Resources

Market Cap: CA$1.2b

Engages in the production and sale of tin concentrate.

Sagicor Financial

Market Cap: CA$1.2b

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

DeFi Technologies

Market Cap: CA$1.1b

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

Magellan Aerospace

Market Cap: CA$969.6m

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

Nexus Industrial REIT

Market Cap: CA$757.7m

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.

Orezone Gold

Market Cap: CA$735.3m

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

Mattr

Market Cap: CA$711.8m

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.

Stingray Group

Market Cap: CA$690.8m

Operates as a music, media, and technology company in Canada, the United States, and internationally.

Timbercreek Financial

Market Cap: CA$631.4m

Provides shorter-duration structured financing solutions to commercial real estate investors in Canada.

Integra Resources

Market Cap: CA$630.4m

A precious metals producer, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States.

Cogeco

Market Cap: CA$587.0m

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

Magna Mining

Market Cap: CA$586.4m

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

Dexterra Group

Market Cap: CA$584.4m

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

North American Construction Group

Market Cap: CA$555.3m

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

VersaBank

Market Cap: CA$528.8m

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

Pollard Banknote

Market Cap: CA$520.2m

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

Total Energy Services

Market Cap: CA$495.7m

Operates as an energy services company primarily in Canada, the United States, Australia, and internationally.

Logan Energy

Market Cap: CA$470.6m

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

PHX Energy Services

Market Cap: CA$338.4m

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.