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
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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 Ltd14.04 CAD-1.34Rating
Bombardier Inc A2.15 CAD1.90
BRP Inc114.94 CAD-0.68Rating
Cameco Corp33.10 CAD0.49
Cenovus Energy Inc14.36 CAD0.21
CI Financial Corp27.90 CAD0.32Rating
Crescent Point Energy Corp5.10 USD2.82
Eldorado Gold Corp9.52 USD0.21
Iamgold Corp3.56 CAD0.28
Power Corporation of Canada34.31 USD-0.01

About Author

Ruth Saldanha

Ruth Saldanha  is Senior Editor at Morningstar.ca. Follow her on Twitter @KarishmaRuth.


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