Westaim (WED:TSX) and Chesapeake Gold (CKG:TSX) Are Undervalued

I have used the analysis tools on the website stockcalc.com to generate some of the content of this blog post. These tools and reports are available for free at www.stockcalc.com/TopPicks.aspx.

Undervalued Stocks on TSX

Today we are looking at companies that are considered undervalued based on the Analyst data in the StockCalc database.

In the table below we can see the close price and target price for these companies along with the number of analysts covering the stock. We also have included the fiscal year for the target price as sometimes these analyst targets are not for the current or even the next fiscal year.

There can be a number of reasons why a company would be on this list. What is particularly interesting are companies with a large analyst following that make this list. We need to dig deeper into these companies to understand why the difference in price versus target.

Today’s Data on TSX

Today’s data is for companies listed on the TSX Venture Exchange.

Symbol Name Target Year Close Price Target Price Mean Currency Target Price # of Estimates
SRX Storm Resources Ltd 2017 4.380000 6.1546 CAD 11
WED Westaim Corp 2017 2.780000 4.0333 CAD 3
OGI OrganiGram Holdings Inc 2017 2.550000 3.8400 CAD 5
CKG Chesapeake Gold Corp 2017 3.750000 5.2500 CAD 2
LLG Mason Graphite Inc 2018 1.310000 2.3000 CAD 2
MPH Medicure Inc 2017 9.490000 11.9833 CAD 3
FCF Founders Advantage Capital Corp 2017 3.400000 4.7500 CAD 4
MMX Maverix Metals Inc 2017 1.400000 2.4000 CAD 1
RX Biosyent Inc 2017 7.500000 9.1250 CAD 2
LIX Lithium X Energy Corp 2018 1.460000 2.6250 CAD 2
SIL SilverCrest Metals Inc 2017 2.020000 3.2500 CAD 1
BLN Blackline Safety Corp 2017 3.200000 8.2500 CAD 1
POE Pan Orient Energy Corp 2017 1.610000 3.2500 CAD 1
M Mosaic Capital Corp 2017 9.770000 11.5833 CAD 3
SOG Strategic Oil & Gas Ltd 2017 2.650000 4.0000 CAD 1
DAN Arianne Phosphate Inc 2017 0.780000 1.7750 CAD 2
PRN Profound Medical Corp 2017 1.100000 2.9667 CAD 3
TTR Titanium Transportation Group Inc 2017 1.360000 2.5000 CAD 4
GFG GFG Resources Inc 2018 1.000000 2.1000 CAD 1
CBX Cortex Business Solutions Inc 2017 3.080000 6.4167 CAD 3
ACST Acasti Pharma Inc 2018 1.700000 10.0000 CAD 1
RP RepliCel Life Sciences Inc 2017 0.860000 3.5000 CAD 1
EMC Emblem Corp 2017 2.370000 4.0000 CAD 4
ICC ICC International Cannabis Corp 2018 0.810000 2.1000 CAD 1
RNK.A Wow Unlimited Media Inc 2017 1.730000 3.1500 CAD 1

Let’s look at a few companies…

Lets look at a couple of the companies on this list to get a better understanding of them.

WED:TSX Westaim

Westaim has 304 employees and is headquartered in Canada.
Westaim Corp is a Canadian investment company engaged in providing long-term capital to businesses operating within the financial services industry. It provides its shareholders with capital appreciation and real wealth preservation.

CKG:TSX Chesapeake Gold

Chesapeake Gold has 30 employees and is headquartered in Canada.
Chesapeake Gold Corp is a mining company. It is engaged in the exploration, development and recovery of precious metals.

Free Valuation

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The content presented here is in part from the website stockcalc.com and is provided on an as is or as available basis with all faults and may not be current in all cases. You should not rely on any of the information as authoritative or as a substitute for the exercise of your own skill and judgment in making an investment decision.