3 TSX Stocks That May Be Valued Below Their Estimated Worth

September 16, 2024 01:47 PM EDT | By Team Kalkine Media
 3 TSX Stocks That May Be Valued Below Their Estimated Worth
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Aritzia Inc. (TSX:ATZ) has garnered attention due to its notable performance in the retail sector. With a market capitalization of CA$5.34 billion, Aritzia specializes in designing, developing, and selling women's apparel and accessories in Canada and the United States. The company has achieved revenue of CA$2.37 billion from its apparel segment. Despite a recent dip in net income from CA$17.47 million to CA$15.83 million, Aritzia's earnings growth forecast stands at an impressive 60.4% annually. This figure notably exceeds the market average growth rate of 15.3%. Insider ownership is robust at 18.9%, reflecting a strong commitment from the company's executives. For the fiscal year, Aritzia anticipates revenue growth between 8% and 12%, indicating a positive outlook despite recent fluctuations.

Aya Gold & Silver Inc. (TSX:AYA), with a market capitalization of CA$2.12 billion, operates primarily in Morocco. The company's revenue is driven by its operations at the Zgounder Silver Mine, contributing CA$41.54 million. Aya Gold & Silver is noted for its high insider ownership of 10.2% and is projected to experience an annual earnings growth rate of 71.3%, significantly surpassing the market average. Recent developments include the spinout of the Amizmiz Gold Project and an option agreement on the Tijirit Project with Mx2 Mining. Although there have been minor delays in the expansion of the Zgounder Silver Mine, Aya's revenue growth forecast remains strong at 46.2% annually. Insider activity has leaned towards acquiring more shares rather than selling, signaling confidence in the company’s future.

Ivanhoe Mines Ltd. (TSX:IVN) is a prominent player in the mining sector with a market capitalization of CA$23.74 billion. The company is engaged in mining, development, and exploration activities primarily across Africa. Ivanhoe Mines boasts a strong earnings growth forecast of 71.6% annually, a figure that significantly exceeds the market average. The company has recently achieved notable milestones, including a memorandum of understanding with Zambia’s Ministry of Mines and record production at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo. Insider ownership stands at 12.4%, reflecting a high level of executive involvement. Despite some insider selling in recent months, Ivanhoe Mines is expected to experience substantial revenue growth at 83% annually

 


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