10 cheap Canadian stocks

A uranium miner, an energy distributor and a financial services provider all make the cut in our list of 10 stocks that are trading at deep discounts to our fair value estimates.

Ruth Saldanha 20 September, 2018 | 5:00PM



Everyone loves a good bargain, whether in gadgets, clothes or stocks. In keeping with that spirit, today we present some stock ideas that are trading at deep discounts -- in some cases, more than 40% lower than what our stock analysts think their fair value should be.

Six of those stocks are gold producers. Over the past year, gold has fallen 9% to around US$1,200 per ounce while the S&P/TSX Composite Index has added more than 9%, as of Sept. 14, 2018. We spoke about three of these gold companies in a recent article, which explained how they are likely to ride out the current weakness.

But today, we focus on three of the stocks on the list that are not in the gold industry. One of those is an elusive triple threat: wide moat, attractive yield, and cheap!

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Agnico Eagle Mines Ltd103.47 CAD-1.52
Barrick Gold Corp37.23 CAD-1.38
Cameco Corp14.14 CAD0.00
Cenovus Energy Inc5.39 CAD0.94
CI Financial Corp17.71 CAD0.68
Eldorado Gold Corp13.90 CAD-2.04
Enbridge Inc40.49 CAD-0.25
Iamgold Corp5.05 CAD-1.17
Kinross Gold Corp11.92 CAD-2.61

About Author

Ruth Saldanha

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca

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