Horizonte Minerals: Top 10 Undervalued Basic Materials Sector Stocks on TSX (HZM)
Horizonte Minerals 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 |
|---|---|---|---|---|---|---|---|---|
| HZM | Horizonte Minerals | 0.31 | 1.20 | 0.89 (286.6%) | 60221 | 83.3 | 0.0 | 0.0 |
| GBAR | Monarch Mining | 0.01 | 0.02 | 0.01 (230.9%) | 637828 | 0.9 | 0.0 | 0.0 |
| EXN | Excellon Resources | 0.09 | 0.29 | 0.20 (219.6%) | 51818 | 3.5 | 0.0 | 0.0 |
| GMTN | Gold Mountain Mining | 0.09 | 0.24 | 0.15 (169.2%) | 201165 | 7.9 | 0.0 | 0.0 |
| TML | Treasury Metals | 0.13 | 0.33 | 0.20 (152.2%) | 212460 | 18.7 | 0.0 | 0.0 |
| OREA | Orea Mining | 0.02 | 0.04 | 0.02 (120.0%) | 35987 | 4.5 | 0.0 | 0.0 |
| FURY | Fury Gold Mines | 0.45 | 0.97 | 0.52 (114.5%) | 14339 | 65.5 | 0.0 | 0.0 |
| MPVD | Mountain Province Diamond | 0.23 | 0.47 | 0.25 (110.2%) | 190954 | 48.2 | 0.0 | 0.9 |
| BSX | Belo Sun Mining | 0.06 | 0.12 | 0.06 (104.8%) | 24470 | 27.3 | 0.0 | 0.0 |
| LAAC | Lithium Americas | 7.80 | 15.57 | 7.77 (99.6%) | 242391 | 1291.1 | 0.0 | 0.0 |
All data provided as of November 13, 2023.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Horizonte Minerals
Horizonte Minerals PLC is a United Kingdoms based identification, acquisition, exploration, and development of mineral projects. It engaged in nickel development and mainly focuses on Brazil. It owns and operates the Araguaia Nickel Laterite project located south of the Carajas mining district, northeast Brazil, and the Vermelho Nickel-Cobalt project located in the Carajas region, north-eastern Brazil. The nickel produced by the company is used in stainless steel and electric vehicles.
Horizonte Minerals is listed under HZM 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.
