10 Canadian stocks that are still cheap

Markets may be up, but there are still 49 stocks that are trading below our fair value estimates

Ruth Saldanha 8 February, 2019 | 6:00PM

The S&P/TSX Composite index is having a great year so far, with total returns of over 9% year to date. The S&P 500 has returned around 4.4% in Canadian dollars for the same time period.

With markets rising, are there any stocks that are still cheap? Turns out, yes, there are. Using Morningstar Direct, we found 49 stocks that are currently trading below our fair value estimates.

We decided to take a look at the 10 most undervalued of these. Before we present the list, though, it is important to note that all of these stocks have high fair value uncertainty.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
BlackBerry Ltd7.92 CAD-2.94
Bombardier Inc A1.32 CAD-9.59
BRP Inc70.25 CAD-4.78
Cameco Corp11.95 CAD-0.67
Cenovus Energy Inc11.98 CAD-2.09
CI Financial Corp25.40 CAD-0.24
Crescent Point Energy Corp3.18 USD-2.97
Eldorado Gold Corp9.53 USD26.73
Iamgold Corp4.14 CAD6.70
Power Corporation of Canada25.75 USD-0.30

About Author

Ruth Saldanha

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca