Kalkine Media picks TSX undervalued small-cap stocks to watch in Q3

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Highlights

  • Transcontinental said that its top line grew by 20.3 per cent year-over-year to close at C$ 747.8 million in Q3 2022.
  • Sleep Country Canada noted an improved gross profit margin of 35.9 per cent in Q2 2022, compared to 34.5 per cent in Q2 2021.
  • Algoma Steel Group noted a growing net income of C$ 301.4 million in Q3 FY2023 relative to C$ 203.6 million reported in Q1 FY2022.

Canadian investors with money constraints can explore small-cap stocks like Transcontinental (TSX: TCL.A), Sleep Country (TSX: ZZZ), Dundee Precious Metals (TSX: DPM), ECN Capital (TSX: ECN), and Algoma Steel (TSX: ASTL).

Small-cap stocks are generally known for providing greater growth exposure as some have the potential to grow into bigger businesses. Due to the ongoing volatility in the market, many small-cap stocks appear to be undervalued at their present price level.

The small-cap companies mentioned above dole out dividends, which could be crucial for value seekers. So, let us have a detailed view of the following five undervalued small-cap stocks, shortlisted by Kalkine Media®, which also pay a dividend:


 


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