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!

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

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

© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies