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 Ltd6.44 CAD0.31
Bombardier Inc A0.71 CAD-1.39
BRP Inc49.26 CAD-2.86
Cameco Corp14.61 CAD-0.07
Cenovus Energy Inc6.04 CAD-2.42
CI Financial Corp16.44 CAD-1.14
Crescent Point Energy Corp1.44 USD-2.70
Eldorado Gold Corp8.65 USD0.70
Iamgold Corp5.27 CAD3.94
Power Corporation of Canada16.41 USD-0.98

About Author

Ruth Saldanha

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca

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