B2Gold: Top 10 Undervalued Mid Cap Stocks on TSX (BTO)
B2Gold is now ranked among the top 10 mid cap stocks on the Toronto Stock Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
- Mid caps total market capitalization (2-10B)
Stocks in this category are held primarily for capital appreciation. Nano, micro, and small cap stocks can be very volatile and may generate high returns or losses. Whereas mid and large cap stocks tend to be more stable.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| TIXT | TELUS Intl | 11.99 | 23.50 | 11.51 (96.0%) | 131551 | 3309.2 | 0.0 | 45.6 |
| BTO | B2Gold | 3.60 | 6.28 | 2.68 (74.4%) | 2594284 | 4669.8 | 5.9 | 10.8 |
| FM | First Quantum Minerals | 12.43 | 20.97 | 8.54 (68.7%) | 2942746 | 8625.4 | 1.7 | 10.5 |
| LSPD | Lightspeed Commerce | 24.22 | 39.75 | 15.53 (64.1%) | 563974 | 3717.3 | 0.0 | 0.0 |
| VET | Vermilion Energy | 14.46 | 22.26 | 7.80 (54.0%) | 678854 | 2406.0 | 2.7 | 2.6 |
| AQN | Algonquin Power | 7.90 | 11.49 | 3.59 (45.4%) | 2023777 | 5438.6 | 7.1 | 0.0 |
| BEPC | Brookfield Renewable | 38.08 | 54.49 | 16.41 (43.1%) | 185128 | 6841.2 | 4.7 | 3.2 |
| TA | TransAlta | 9.90 | 13.45 | 3.55 (35.8%) | 621984 | 2603.7 | 2.2 | 4.7 |
| BHC | Bausch Health Companies | 10.90 | 14.46 | 3.56 (32.7%) | 320618 | 3982.9 | 0.0 | 0.0 |
| AC | Air Canada | 18.38 | 23.70 | 5.32 (28.9%) | 2076187 | 6910.9 | 0.0 | 3.1 |
All data provided as of January 27, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
B2Gold
B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue.
B2Gold is listed under BTO on the Toronto Stock Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
