TSX:THNC
TSX:THNCSoftware

3 TSX Penny Stocks With Market Caps Under CA$200M

As the bull market marks its third anniversary, Canadian equities have shown impressive resilience, with the TSX gaining 67% since October 2022. For investors willing to explore beyond well-known stocks, penny stocks—often representing smaller or newer companies—offer intriguing opportunities amidst current market conditions. Despite their somewhat outdated name, these stocks can still present surprising value when supported by strong financial foundations.
TSXV:SCZ
TSXV:SCZMetals and Mining

How Investors May Respond To Santacruz Silver Mining (TSXV:SCZ) Plan for Nasdaq U.S. Listing

Santacruz Silver Mining recently announced its intention to list its common shares on the Nasdaq Capital Market, pending shareholder approval for a share consolidation to meet listing requirements. This move aims to expand the company’s visibility and accessibility to U.S. investors, marking a significant step in its broader growth strategy. We’ll examine how Nasdaq’s potential to enhance liquidity and market profile could shape Santacruz Silver Mining’s investment narrative. The latest GPUs...
TSX:IVN
TSX:IVNMetals and Mining

Ivanhoe Mines (TSX:IVN) Earnings Growth Forecast at 51%, Reinforcing Bullish Investor Narratives

Ivanhoe Mines (TSX:IVN) has posted standout growth rates, with revenue projected to climb 30.8% per year and earnings expected to soar 51.1% annually. Both figures handily beat the Canadian market's 5% and 11.8% growth rates, respectively. Over the past year, earnings surged 95.6% compared to a five-year average of 30.7% per year, affirming the company's rapid expansion. The combination of strong profitability, ongoing revenue momentum, and the stock trading below analyst price targets is...
TSX:FSV
TSX:FSVReal Estate

FirstService (TSX:FSV) Valuation in Focus After Q3 Earnings Dip and Muted Q4 Guidance

FirstService (TSX:FSV) just released its third quarter earnings, showing a small bump in revenue but a dip in net income. Alongside the results, management signaled that Q4 revenue should remain steady compared to last year. See our latest analysis for FirstService. After a relatively quiet few months on the news front, FirstService’s shares have been under pressure, dropping 17.6% over the past month and ending down 19% in the last quarter. Even so, the longer-term picture is more positive,...
TSX:VBNK
TSX:VBNKBanks

3 TSX Stocks That May Be Trading Below Their Estimated Value In October 2025

As the bull market in Canada marks its third anniversary, with the TSX having gained 67% since October 2022, investors are keenly observing how cooler inflation and potential interest rate cuts might influence future growth. Amidst trade tensions and valuation concerns, identifying stocks that may be trading below their estimated value becomes crucial for those looking to capitalize on opportunities within this evolving economic landscape.
TSXV:BEW
TSXV:BEWSoftware

TSX Penny Stocks Spotlight: G2 Goldfields And Two More Promising Picks

The Canadian market has experienced a robust bull run, with the TSX gaining 67% since October 2022, supported by cooler inflation and potential interest rate cuts. In this context, investors are increasingly looking at smaller or newer companies that offer unique growth opportunities. While the term "penny stock" might seem outdated, these stocks can still provide significant value when backed by strong financials.
TSX:SEA
TSX:SEAMetals and Mining

Seabridge Gold (TSX:SEA): Assessing Valuation After Supreme Court Win and $4.4 Million Tax Recovery

Seabridge Gold (TSX:SEA) has scored a financial win after the Supreme Court of British Columbia ruled in its favor against the Canada Revenue Agency. This has resulted in a $4.4 million recovery for the company and the prospect of further repayments. See our latest analysis for Seabridge Gold. The Supreme Court ruling has sparked renewed optimism around Seabridge Gold, with the stock’s share price climbing almost 93% year-to-date and boasting a 58% gain over the past 90 days. While momentum...
TSX:AG
TSX:AGMetals and Mining

First Majestic Silver (TSX:AG): Valuation Insights Following Silver Price Decline and Easing Trade Tensions

Shares of First Majestic Silver (TSX:AG) are under pressure as silver prices fall, following renewed optimism around a potential U.S.-China trade deal. President Trump's latest comments have eased trade tensions and prompted a shift out of precious metals. See our latest analysis for First Majestic Silver. Despite today’s pullback, First Majestic Silver's momentum has been impressive lately, with a 6.7% 1-month share price return and a staggering 112% share price gain year-to-date. The 1-year...
TSX:EQB
TSX:EQBBanks

EQB (TSX:EQB): Assessing Valuation After Recent 15% Share Price Decline

EQB (TSX:EQB) shares have drifted lower over the past three months, slipping about 15%. Investors are watching closely to see whether this pullback offers any opportunities in a bank that has outperformed over the longer term. See our latest analysis for EQB. EQB's share price has retreated in recent months, yet it's hard to ignore the bank’s big-picture momentum. Despite a tough year with a 1-year total shareholder return of -15.9%, EQB’s 3-year and 5-year total returns, both more than 100%,...
TSX:WN
TSX:WNConsumer Retailing

A Closer Look at George Weston (TSX:WN) Valuation Following S&P/TSX Index Inclusion

George Weston (TSX:WN) saw its preferred shares added to the S&P/TSX Preferred Share Index. This move often leads to more investor focus as index-tracking funds rebalance their portfolios to reflect the change. See our latest analysis for George Weston. George Weston’s inclusion in the S&P/TSX Preferred Share Index has drawn fresh attention from investors, likely contributing to its momentum this year. While the 1-year total shareholder return stands at an impressive 15.7%, the recent 1-day...
TSX:CG
TSX:CGMetals and Mining

Did Centerra Gold’s (TSX:CG) Q3 Profit Surge and Board Shift Signal a New Growth Trajectory?

Centerra Gold Inc. recently reported third-quarter 2025 results, highlighting a jump in sales to US$395.16 million and net income to US$292.19 million, while also announcing a quarterly dividend of C$0.07 per share and confirming a leadership transition on its Board of Directors effective January 2026. An extraordinary gain contributed to the margin uplift this quarter, as the company continues to pursue self-funded growth initiatives across its operating mines despite lower year-on-year...
TSX:TCW
TSX:TCWEnergy Services

Trican Well Service (TSX:TCW) Is Down 11.1% After Reporting Higher Q3 Sales and Net Income Has The Bull Case Changed?

Trican Well Service Ltd. recently announced its third quarter 2025 results, reporting sales of CA$300.59 million and net income of CA$28.9 million, both up from the same period a year earlier. This increase in revenue and earnings highlights the company's ability to grow its operational performance even amid fluctuations in the broader energy market. We'll explore how stronger quarterly sales and net income shape Trican's outlook given analyst expectations for future revenue and margin...
TSX:CCA
TSX:CCATelecom

Cogeco Communications (TSX:CCA) Margin Slips as Earnings Decline Challenges Bullish Valuation Narratives

Cogeco Communications (TSX:CCA) posted a net profit margin of 11.1%, slightly down from 11.4% the previous year. Over the last five years, the company’s earnings have declined at an average annual rate of 3.9%. Despite an expected 4.89% rate of earnings growth ahead, this is well below the Canadian market’s 11.7% average. Revenues are forecast to decline by about 0.3% annually for the next three years. While the stock trades at a relatively low PE of 7.9x and below its estimated fair value,...
TSX:BB
TSX:BBSoftware

How Investors Are Reacting To BlackBerry (TSX:BB) Expanding Cybersecurity Training Partnerships in Southeast Asia

BlackBerry, alongside Malaysia's MCMC and Universiti Kebangsaan Malaysia, recently expanded its cybersecurity programs in ASEAN, backed by a CAD $226,000 Canadian government investment and new academic partnerships to train government officials, civil society, and youth in Malaysia. This marks a significant extension of BlackBerry's focus on software-driven cyber defense capacity building, aligning with international efforts to strengthen regional digital security talent pools. We'll explore...
NEOE:VRNO
NEOE:VRNOPharmaceuticals

Verano Holdings (NEOE:VRNO) Losses Worsen, Challenging Hopes for Margin Turnaround

Verano Holdings (NEOE:VRNO) continues to face rising losses, widening at an annual rate of 45.1% over the past five years. With revenue projected to grow just 2.4% per year, which is well behind the Canadian market’s 5% pace, the company’s negative profit margins and lack of improvement in earnings keep the focus on its unprofitable core business. Still, its discounted valuation compared to pharmaceutical peers offers a glimmer of reward for investors seeking value in an otherwise challenging...
TSX:NGD
TSX:NGDMetals and Mining

New Gold (TSX:NGD) Is Up 13.8% After Record Q3 Results and Debt Reduction Has The Bull Case Changed?

New Gold Inc. recently reported record third-quarter results, with revenue of US$462.5 million, net income of US$142.3 million, and significant production growth driven by the Rainy River mine. The company also repaid US$260 million of debt and emphasized a disciplined approach to acquisitions while prioritizing organic growth and shareholder value. With record free cash flow reported in the third quarter, we'll evaluate how this operational strength shapes New Gold's investment...
TSX:ARE
TSX:AREConstruction

Aecon (TSX:ARE) Returns to Profitability, Challenging Skepticism Over Earnings Quality and Valuation

Aecon Group (TSX:ARE) is forecast to deliver standout annual earnings growth of 207.99% in the coming years, while revenue is expected to rise at 5.5% per year, outpacing the Canadian market’s 5% growth projection. The company has recently turned profitable, with net profit margins improving after posting positive results in the last year. This follows five years in which earnings fell by 26.4% per year. Investors are likely focusing on Aecon’s valuation, with shares trading at a low 0.4x...