Iconic Minerals: Top 10 Undervalued Basic Materials Sector Stocks on TSX-V (ICM)
Iconic Minerals is now ranked among the top 10 undervalued stocks in the Basic Materials sector on the TSX Venture 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 |
|---|---|---|---|---|---|---|---|---|
| LKY | Lucky Minerals | 0.01 | 0.02 | 0.01 (239.5%) | 190874 | 1.0 | 0.0 | 0.0 |
| ICM | Iconic Minerals | 0.03 | 0.09 | 0.06 (209.4%) | 65491 | 3.9 | 0.0 | 0.0 |
| UNV | Universal Copper | 0.01 | 0.04 | 0.02 (162.4%) | 44046 | 2.1 | 0.0 | 0.0 |
| SAG | Sterling Metals | 0.04 | 0.10 | 0.06 (160.9%) | 75289 | 4.5 | 0.0 | 0.0 |
| JAX | Jaxon Mining | 0.01 | 0.03 | 0.02 (158.4%) | 174445 | 1.7 | 0.0 | 0.0 |
| LSTR | Lodestar Battery Metals | 0.03 | 0.08 | 0.05 (157.0%) | 58671 | 1.3 | 0.0 | 0.0 |
| STUV | Stuve Gold | 0.04 | 0.10 | 0.06 (156.1%) | 717 | 1.2 | 0.0 | 0.0 |
| XND | Xander Resources | 0.01 | 0.01 | 0.01 (154.5%) | 117298 | 0.3 | 0.0 | 0.0 |
| ZAC | Zacatecas Silver | 0.13 | 0.32 | 0.19 (153.1%) | 92968 | 11.3 | 0.0 | 0.0 |
| TMRR | Tempus Resources | 0.01 | 0.01 | 0.01 (149.2%) | 160054 | 1.4 | 0.0 | 0.0 |
All data provided as of December 22, 2023.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Iconic Minerals
Iconic Minerals Ltd is a mineral exploration company. It mainly focuses on acquiring and exploring gold and lithium properties in Nevada. The exploration assets of the company include New Pass property located in Churchill County; Midas South property located in Elko County; Bonnie Claire Lithium Project located in Nye County; and Smith Creek Lithium Project.
Iconic Minerals is listed under ICM on the TSX Venture 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.
