20 undervalued large cap stocks on the TSX

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We are looking for potentially winning underpriced Canadian stocks

). Like other banks on this list, it is being affected by variable interest rates and general anxiety about banks. Long investors bullish on CIBC should expect a reversion to the mean due to strength in the bank’s size and balance sheet.

Franco-Nevada is considered 12 per cent undervalued and riding a 19 per cent growth in share price over 52 weeks. It is well diversified in terms of ore, silver and platinum production and a favourite of institutions and funds. For investors looking for a way to gain exposure to precious metals, its high price has them asking if there is still room to grow.

Nutrien is the world’s largest fertilizer producer. On balance it stands out with a 4.8 P/E, 3.2 per cent yield and 12 per cent room to grow in terms of valuation. These numbers are due to strong 2022 profits, the result of geopolitical increases in the cost of energy that markets don’t expect to continue. It is trading near its 52-week low, having lost 35 per cent of its value, with investors waiting for a rebound.

Continuing 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.

 

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