Novo Resources: Top 10 Undervalued Basic Materials Sector Stocks on TSX (NVO)
Novo Resources is now ranked among the top 10 undervalued stocks in the Basic Materials sector 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)
Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| BSX | Belo Sun Mining | 0.04 | 0.12 | 0.07 (156.9%) | 251436 | 20.5 | 0.0 | 0.0 |
| NVO | Novo Resources | 0.14 | 0.32 | 0.18 (126.9%) | 151570 | 41.6 | 0.0 | 0.0 |
| SCY | Scandium Intl Mining | 0.02 | 0.04 | 0.02 (92.8%) | 48042 | 7.1 | 0.0 | 109.9 |
| OREA | Orea Mining | 0.01 | 0.03 | 0.01 (88.7%) | 3.4 | 0.0 | 0.0 | |
| IAU | i-80 Gold | 1.75 | 3.29 | 1.54 (88.0%) | 1500292 | 479.6 | 0.0 | 0.0 |
| MPVD | Mountain Province Diamond | 0.18 | 0.32 | 0.14 (76.5%) | 188802 | 38.6 | 0.0 | 0.8 |
| ORE | Orezone Gold | 0.82 | 1.45 | 0.63 (76.4%) | 209216 | 302.0 | 0.0 | 5.0 |
| EXN | Excellon Resources | 0.19 | 0.33 | 0.14 (75.8%) | 198644 | 8.1 | 0.0 | 0.9 |
| NEO | Neo Performance Materials | 5.90 | 10.34 | 4.44 (75.2%) | 71830 | 261.5 | 6.8 | 0.0 |
| SGNL | Signal Gold | 0.12 | 0.20 | 0.09 (73.9%) | 419939 | 28.9 | 0.0 | 0.0 |
All data provided as of April 29, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Novo Resources
Novo Resources Corp is a company engaged in the business of evaluating, acquiring, and exploring natural resource properties with a focus on gold. The organization has business interests in properties located in Australia, Canada, and the USA. Its projects include Beatons Creek Property, Millennium Property, Blue Spec; Paleo-Placer; Comet Well, and others. It has two segments Mining operations and exploration operations.
Novo Resources is listed under NVO 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.
