3 TSX Stocks Estimated To Be Undervalued For September 2024

Date:

The Canadian market experienced significant volatility in August, with a strong start and a subdued finish, ultimately recovering from an early-month dip of nearly 5%. As the economy continues to expand and inflation trends closer to target, investors are shifting their focus towards growth opportunities. In this context, identifying undervalued stocks can be crucial for capitalizing on potential gains during periods of market fluctuation.

Top 10 Undervalued Stocks Based On Cash Flows In Canada

Name

Current Price

Fair Value (Est)

Discount (Est)

goeasy (TSX:GSY)

CA$189.67

CA$357.90

47%

Computer Modelling Group (TSX:CMG)

CA$12.74

CA$22.26

42.8%

Alvopetro Energy (TSXV:ALV)

CA$5.04

CA$9.00

44%

Kinaxis (TSX:KXS)

CA$147.32

CA$279.54

47.3%

Obsidian Energy (TSX:OBE)

CA$9.26

CA$18.08

48.8%

Africa Oil (TSX:AOI)

CA$2.06

CA$3.66

43.8%

Calibre Mining (TSX:CXB)

CA$2.28

CA$4.53

49.6%

Viemed Healthcare (TSX:VMD)

CA$10.45

CA$20.08

48%

NFI Group (TSX:NFI)

CA$19.31

CA$37.43

48.4%

NanoXplore…

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