Latest news with #SteveOdland
Yahoo
24-04-2025
- Business
- Yahoo
Is Cenovus Energy Inc. (NYSE:CVE) the Most Undervalued Canadian Stock to Buy According to Wall Street Analysts?
We recently published a list of the 10 Most Undervalued Canadian Stocks to Buy According to Wall Street Analysts. In this article, we are going to take a look at where Cenovus Energy Inc. (NYSE:CVE) stands against other undervalued Canadian stocks according to Wall Street analysts. As February was concluding, Reuters reported that Canada's economy showed unexpected strength in Q4 2024, with an annualized growth rate of 2.6%. Household spending in particular, which makes up over half of the total GDP, rose by 1.4% in Q4. Business investments, which were stagnant for the past 11 quarters, finally showed positive momentum with a 0.7% growth in Q4. This was fueled by a 4.2% surge in investment in machinery and equipment. On a per capita basis, real GDP rose by 0.2% in Q4, which represents the second increase in the last 11 quarters. However, recently, amidst concerns over a US-led trade war, a Reuters poll from April indicates rising recession risks for Canada, which will potentially trigger at least two more Bank of Canada rate cuts this year, despite a temporary 90-day pause on some reciprocal tariffs announced by the US. Economists have now lowered Canada's growth forecasts to 1.2% for this year and 1.1% for the next, down from 1.7% and 1.6% respectively. All the economists surveyed agree that the US tariffs have negatively affected business sentiment. Inflation is projected to average 2.4% in 2025 and 2.1% in 2026. On April 7, Steve Odland, The Conference Board president and CEO, joined CNBC's Special Report to talk about the impact of tariff-led uncertainty on CEO sentiments. Steve Odland emphasized that CEOs need clarity on numbers, costs, and the rules of the game to plan effectively. While CEOs felt somewhat positive about the general direction of the economy, the introduction of tariffs had thrown everything into confusion. Odland described the situation as chaotic because many had expected tariffs to target countries like China, not close allies such as Canada and Mexico. This move was a shock to the system and raised questions about whether the tariffs were a temporary negotiating tactic or a long-term policy change, which further complicates business planning. In a conversation regarding the expectation of certain countries to come to the negotiating table, Odland responded that some countries, including Canada and Mexico, would likely be prioritized for quick resolution due to their importance. This is because of the integrated nature of the North American supply chain, especially in industries like automotive manufacturing. The conversation suggested that if firm deals could be reached with Canada, Mexico, China, Vietnam, and Taiwan, ideally resulting in zero tariffs, business confidence would improve. We first used the Finviz stock screener to compile a list of cheap Canadian stocks that had a forward P/E ratio under 15. We then selected the 10 stocks with high upside potential of over 35%. The stocks are ranked in ascending order of their upside potential. We have also added the hedge fund sentiment for each stock, as of Q4 2024, which was sourced from Insider Monkey's database. Note: All data was sourced on April 21. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A fleet of oil tankers at sea, representing the global reach of a crude oil supplier. Forward P/E Ratio as of April 21: 11.57 Number of Hedge Fund Holders: 39 Average Upside Potential as of April 21: 51.75% Cenovus Energy Inc. (NYSE:CVE) develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products. It develops and produces bitumen and heavy oil in northern Alberta and Saskatchewan. Its oil sand assets include Foster Creek, Christina Lake, and Sunrise projects, as well as Lloydminster thermal and conventional heavy oil assets. The company's Oil Sands segment contributes to its overall upstream performance. In 2024, the Oil Sands segment achieved a record production of 610,700 BOE per day, which was an increase of ~3% year-over-year. This was fueled by increased production at the Sunrise project and new annual production records at the Foster Creek and Lloydminster thermal assets within this segment. Notably, in Q4 2024, the Oil Sands segment reached a new quarterly production record of 629,000 BOE per day. Cenovus Energy Inc. (NYSE:CVE) now anticipates continued growth from its Oil Sands assets. The company completed a major turnaround at Christina Lake in Q3 2024. The Foster Creek optimization project, which was 64% complete at the end of 2024 with first oil expected in early 2026 and full ramp-up in 2027, will also contribute to increased production from this segment. L1 Long Short Fund stated the following regarding Cenovus Energy Inc. (NYSE:CVE) in its first quarter 2024 investor letter: 'Cenovus Energy Inc. (NYSE:CVE) (Long +20%) shares performed strongly as the WTI oil price increased 16% to ~US$83/bbl, while refining margins in the U.S. Midwest improved dramatically from a low base. During March, Cenovus's 2024 investor day was well received, where its 5-year outlook for the business included growth in upstream production of around 150m bbl/d above the current 800m bbl/d and a material turnaround of its downstream refining business. Over the next five years, the company expects to generate C$32b of cumulative free cash flow based on a US$75/bbl WTI oil price, a highly attractive prospect given its current market cap of ~C$51b. Furthermore, it has committed to return 100% of excess cash flow back to investors once it reaches its C$4b net debt target (expected in 2024). Cenovus's strong cash flow generation, combined with the long-life nature of its oil sands assets and its low cost of production, make it one of our preferred Energy exposures.' Overall, CVE ranks 5th on our list of the most undervalued Canadian stocks to buy according to Wall Street analysts. While we acknowledge the growth potential of CVE, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CVE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
24-04-2025
- Business
- Yahoo
Is BRP Inc. (NASDAQ:DOOO) the Most Undervalued Canadian Stock to Buy According to Wall Street Analysts?
We recently published a list of the 10 Most Undervalued Canadian Stocks to Buy According to Wall Street Analysts. In this article, we are going to take a look at where BRP Inc. (NASDAQ:DOOO) stands against other undervalued Canadian stocks according to Wall Street analysts. As February was concluding, Reuters reported that Canada's economy showed unexpected strength in Q4 2024, with an annualized growth rate of 2.6%. Household spending in particular, which makes up over half of the total GDP, rose by 1.4% in Q4. Business investments, which were stagnant for the past 11 quarters, finally showed positive momentum with a 0.7% growth in Q4. This was fueled by a 4.2% surge in investment in machinery and equipment. On a per capita basis, real GDP rose by 0.2% in Q4, which represents the second increase in the last 11 quarters. However, recently, amidst concerns over a US-led trade war, a Reuters poll from April indicates rising recession risks for Canada, which will potentially trigger at least two more Bank of Canada rate cuts this year, despite a temporary 90-day pause on some reciprocal tariffs announced by the US. Economists have now lowered Canada's growth forecasts to 1.2% for this year and 1.1% for the next, down from 1.7% and 1.6% respectively. All the economists surveyed agree that the US tariffs have negatively affected business sentiment. Inflation is projected to average 2.4% in 2025 and 2.1% in 2026. On April 7, Steve Odland, The Conference Board president and CEO, joined CNBC's Special Report to talk about the impact of tariff-led uncertainty on CEO sentiments. Steve Odland emphasized that CEOs need clarity on numbers, costs, and the rules of the game to plan effectively. While CEOs felt somewhat positive about the general direction of the economy, the introduction of tariffs had thrown everything into confusion. Odland described the situation as chaotic because many had expected tariffs to target countries like China, not close allies such as Canada and Mexico. This move was a shock to the system and raised questions about whether the tariffs were a temporary negotiating tactic or a long-term policy change, which further complicates business planning. In a conversation regarding the expectation of certain countries to come to the negotiating table, Odland responded that some countries, including Canada and Mexico, would likely be prioritized for quick resolution due to their importance. This is because of the integrated nature of the North American supply chain, especially in industries like automotive manufacturing. The conversation suggested that if firm deals could be reached with Canada, Mexico, China, Vietnam, and Taiwan, ideally resulting in zero tariffs, business confidence would improve. We first used the Finviz stock screener to compile a list of cheap Canadian stocks that had a forward P/E ratio under 15. We then selected the 10 stocks with high upside potential of over 35%. The stocks are ranked in ascending order of their upside potential. We have also added the hedge fund sentiment for each stock, as of Q4 2024, which was sourced from Insider Monkey's database. Note: All data was sourced on April 21. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A scenic view of a lake with a recreational vehicle speeding across its surface. Forward P/E Ratio as of April 21: 7.76 Number of Hedge Fund Holders: 8 Average Upside Potential as of April 21: 40.29% BRP Inc. (NASDAQ:DOOO) designs, develops, manufactures, and sells powersports vehicles and marine products. The Powersports segment offers year-round products like all-terrain vehicles, seasonal products like snowmobiles, and OEM engines. The Marine segment includes boats, pontoons, outboard engines, and related PA&A, and other services. In FQ4 2025, revenue from the company's Year-Round Products was $1.1 billion, which was a decrease of 17% year-over-year. This was attributed to reduced shipments aimed at right-sizing the network inventory. Within the Year-Round Products category, Can-Am side-by-side vehicles experienced a retail decrease of about 10% in FQ4 due to the non-current unit dynamic, while the industry saw a low single-digit decline. Despite this, FY2025 was the second-best year ever for Can-Am side-by-side retail. BRP Inc.'s (NASDAQ:DOOO) strategy is to double down on its Powersports leadership position and focus its efforts and investments on its core activities, such as Year-Round Products. The company's innovation is showcased through the launch of the Can-Am electric motorcycle, which expanded its modular design with a new high-cc ATV platform. Overall, DOOO ranks 9th on our list of the most undervalued Canadian stocks to buy according to Wall Street analysts. While we acknowledge the growth potential of DOOO, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than DOOO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
24-04-2025
- Business
- Yahoo
Is Precision Drilling Corp. (NYSE:PDS) the Most Undervalued Canadian Stock to Buy According to Wall Street Analysts?
We recently published a list of the 10 Most Undervalued Canadian Stocks to Buy According to Wall Street Analysts. In this article, we are going to take a look at where Precision Drilling Corp. (NYSE:PDS) stands against other undervalued Canadian stocks according to Wall Street analysts. As February was concluding, Reuters reported that Canada's economy showed unexpected strength in Q4 2024, with an annualized growth rate of 2.6%. Household spending in particular, which makes up over half of the total GDP, rose by 1.4% in Q4. Business investments, which were stagnant for the past 11 quarters, finally showed positive momentum with a 0.7% growth in Q4. This was fueled by a 4.2% surge in investment in machinery and equipment. On a per capita basis, real GDP rose by 0.2% in Q4, which represents the second increase in the last 11 quarters. However, recently, amidst concerns over a US-led trade war, a Reuters poll from April indicates rising recession risks for Canada, which will potentially trigger at least two more Bank of Canada rate cuts this year, despite a temporary 90-day pause on some reciprocal tariffs announced by the US. Economists have now lowered Canada's growth forecasts to 1.2% for this year and 1.1% for the next, down from 1.7% and 1.6% respectively. All the economists surveyed agree that the US tariffs have negatively affected business sentiment. Inflation is projected to average 2.4% in 2025 and 2.1% in 2026. On April 7, Steve Odland, The Conference Board president and CEO, joined CNBC's Special Report to talk about the impact of tariff-led uncertainty on CEO sentiments. Steve Odland emphasized that CEOs need clarity on numbers, costs, and the rules of the game to plan effectively. While CEOs felt somewhat positive about the general direction of the economy, the introduction of tariffs had thrown everything into confusion. Odland described the situation as chaotic because many had expected tariffs to target countries like China, not close allies such as Canada and Mexico. This move was a shock to the system and raised questions about whether the tariffs were a temporary negotiating tactic or a long-term policy change, which further complicates business planning. In a conversation regarding the expectation of certain countries to come to the negotiating table, Odland responded that some countries, including Canada and Mexico, would likely be prioritized for quick resolution due to their importance. This is because of the integrated nature of the North American supply chain, especially in industries like automotive manufacturing. The conversation suggested that if firm deals could be reached with Canada, Mexico, China, Vietnam, and Taiwan, ideally resulting in zero tariffs, business confidence would improve. We first used the Finviz stock screener to compile a list of cheap Canadian stocks that had a forward P/E ratio under 15. We then selected the 10 stocks with high upside potential of over 35%. The stocks are ranked in ascending order of their upside potential. We have also added the hedge fund sentiment for each stock, as of Q4 2024, which was sourced from Insider Monkey's database. Note: All data was sourced on April 21. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). Aerial view of oil and gas drilling rigs in sun-kissed desert. Forward P/E Ratio as of April 21: 9.39 Number of Hedge Fund Holders: 15 Average Upside Potential as of April 21: 53.25% Precision Drilling Corp. (NYSE:PDS) is a drilling company that provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries. It operates through Contract Drilling Services and Completion & Production Services segments. In 2024, the company experienced a 12% year-over-year increase in drilling activity in Canada. Precision also reported near full utilization of its Canadian Super Series rigs, which highlighted the demand for its high-specification drilling assets in the region. In Q4, Precision's drilling activity in Canada averaged 55 rigs, which is an increase of 1 rig sequentially and 1 rig year-over-year. The daily operating margins in Canada during Q4 were $14,559, which was an increase of ~$2,131 year-over-year. While this was slightly below guidance of $15,000 per day, these margins included ~$4 million in rig reactivation costs, which, if excluded, would have resulted in margin performance exceeding guidance. For Q1 2025, Precision Drilling Corp. (NYSE:PDS) anticipates its Canadian drilling margins to remain consistent with Q4 2024, in the range of $14,500 to $15,000 per day. Overall, PDS ranks 4th on our list of the most undervalued Canadian stocks to buy according to Wall Street analysts. While we acknowledge the growth potential of PDS, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PDS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
22-04-2025
- Business
- Yahoo
Is Gildan Activewear (GIL) the Most Undervalued Canadian Stock to Buy According to Wall Street Analysts?
We recently published a list of the 10 Most Undervalued Canadian Stocks to Buy According to Wall Street Analysts. In this article, we are going to take a look at where Gildan Activewear Inc. (NYSE:GIL) stands against other undervalued Canadian stocks according to Wall Street analysts. As February was concluding, Reuters reported that Canada's economy showed unexpected strength in Q4 2024, with an annualized growth rate of 2.6%. Household spending in particular, which makes up over half of the total GDP, rose by 1.4% in Q4. Business investments, which were stagnant for the past 11 quarters, finally showed positive momentum with a 0.7% growth in Q4. This was fueled by a 4.2% surge in investment in machinery and equipment. On a per capita basis, real GDP rose by 0.2% in Q4, which represents the second increase in the last 11 quarters. However, recently, amidst concerns over a US-led trade war, a Reuters poll from April indicates rising recession risks for Canada, which will potentially trigger at least two more Bank of Canada rate cuts this year, despite a temporary 90-day pause on some reciprocal tariffs announced by the US. Economists have now lowered Canada's growth forecasts to 1.2% for this year and 1.1% for the next, down from 1.7% and 1.6% respectively. All the economists surveyed agree that the US tariffs have negatively affected business sentiment. Inflation is projected to average 2.4% in 2025 and 2.1% in 2026. On April 7, Steve Odland, The Conference Board president and CEO, joined CNBC's Special Report to talk about the impact of tariff-led uncertainty on CEO sentiments. Steve Odland emphasized that CEOs need clarity on numbers, costs, and the rules of the game to plan effectively. While CEOs felt somewhat positive about the general direction of the economy, the introduction of tariffs had thrown everything into confusion. Odland described the situation as chaotic because many had expected tariffs to target countries like China, not close allies such as Canada and Mexico. This move was a shock to the system and raised questions about whether the tariffs were a temporary negotiating tactic or a long-term policy change, which further complicates business planning. In a conversation regarding the expectation of certain countries to come to the negotiating table, Odland responded that some countries, including Canada and Mexico, would likely be prioritized for quick resolution due to their importance. This is because of the integrated nature of the North American supply chain, especially in industries like automotive manufacturing. The conversation suggested that if firm deals could be reached with Canada, Mexico, China, Vietnam, and Taiwan, ideally resulting in zero tariffs, business confidence would improve. We first used the Finviz stock screener to compile a list of cheap Canadian stocks that had a forward P/E ratio under 15. We then selected the 10 stocks with high upside potential of over 35%. The stocks are ranked in ascending order of their upside potential. We have also added the hedge fund sentiment for each stock, as of Q4 2024, which was sourced from Insider Monkey's database. Note: All data was sourced on April 21. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A closeup of a woman in a fashionable activewear outfit, grinning confidently. Forward P/E Ratio as of April 21: 11.64 Number of Hedge Fund Holders: 25 Average Upside Potential as of April 21: 48.75% Gildan Activewear Inc. (NYSE:GIL) manufactures and sells various apparel products. It provides various activewear products, such as T-shirts, fleece tops & bottoms, sports shirts, polos, and tank tops. Some of its brands include Gildan, Gildan Performance, Gildan Hammer, Gildan Softstyle, Comfort Colors, American Apparel, and Champion. In Q4 2024, net sales in the company's Activewear segment rose by 11% year-over-year, which was fueled by higher sales volumes across various channels and product lines. Gildan is capturing the market due to strong consumer response to product innovations like the soft cotton technology. For the full year 2024, if the impact of the Under Armour phase-out is excluded from the Hosiery and Underwear category, the Activewear segment's growth aligns with the mid-single-digit increase observed in that category. The expansion of Gildan Activewear Inc.'s (NYSE:GIL) Champion brand through distributors in the printwear channel is also expected to contribute to market share gains in 2025. Moreover, Gildan is benefiting from a changing competitive landscape with some players exiting the market. The company's international Activewear business has seen a substantial 20% increase in sales in the last two quarters. Overall, GIL ranks 7th on our list of the most undervalued Canadian stocks to buy according to Wall Street analysts. While we acknowledge the growth potential of GIL, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GIL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
22-04-2025
- Business
- Yahoo
Is Ero Copper Corp. (ERO) the Most Undervalued Canadian Stock to Buy According to Wall Street Analysts?
We recently published a list of the 10 Most Undervalued Canadian Stocks to Buy According to Wall Street Analysts. In this article, we are going to take a look at where Ero Copper Corp. (NYSE:ERO) stands against other undervalued Canadian stocks according to Wall Street analysts. As February was concluding, Reuters reported that Canada's economy showed unexpected strength in Q4 2024, with an annualized growth rate of 2.6%. Household spending in particular, which makes up over half of the total GDP, rose by 1.4% in Q4. Business investments, which were stagnant for the past 11 quarters, finally showed positive momentum with a 0.7% growth in Q4. This was fueled by a 4.2% surge in investment in machinery and equipment. On a per capita basis, real GDP rose by 0.2% in Q4, which represents the second increase in the last 11 quarters. However, recently, amidst concerns over a US-led trade war, a Reuters poll from April indicates rising recession risks for Canada, which will potentially trigger at least two more Bank of Canada rate cuts this year, despite a temporary 90-day pause on some reciprocal tariffs announced by the US. Economists have now lowered Canada's growth forecasts to 1.2% for this year and 1.1% for the next, down from 1.7% and 1.6% respectively. All the economists surveyed agree that the US tariffs have negatively affected business sentiment. Inflation is projected to average 2.4% in 2025 and 2.1% in 2026. On April 7, Steve Odland, The Conference Board president and CEO, joined CNBC's Special Report to talk about the impact of tariff-led uncertainty on CEO sentiments. Steve Odland emphasized that CEOs need clarity on numbers, costs, and the rules of the game to plan effectively. While CEOs felt somewhat positive about the general direction of the economy, the introduction of tariffs had thrown everything into confusion. Odland described the situation as chaotic because many had expected tariffs to target countries like China, not close allies such as Canada and Mexico. This move was a shock to the system and raised questions about whether the tariffs were a temporary negotiating tactic or a long-term policy change, which further complicates business planning. In a conversation regarding the expectation of certain countries to come to the negotiating table, Odland responded that some countries, including Canada and Mexico, would likely be prioritized for quick resolution due to their importance. This is because of the integrated nature of the North American supply chain, especially in industries like automotive manufacturing. The conversation suggested that if firm deals could be reached with Canada, Mexico, China, Vietnam, and Taiwan, ideally resulting in zero tariffs, business confidence would improve. We first used the Finviz stock screener to compile a list of cheap Canadian stocks that had a forward P/E ratio under 15. We then selected the 10 stocks with high upside potential of over 35%. The stocks are ranked in ascending order of their upside potential. We have also added the hedge fund sentiment for each stock, as of Q4 2024, which was sourced from Insider Monkey's database. Note: All data was sourced on April 21. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A vast open-pit mine in a remote area, revealing the mining operations of the company. Forward P/E Ratio as of April 21: 4.89 Number of Hedge Fund Holders: 15 Average Upside Potential as of April 21: 59.64% Ero Copper Corp. (NYSE:ERO) explores, develops, and produces mining projects in Brazil. Its flagship asset includes Caraiba operations that produce and sell copper concentrates located in northeastern Bahia State in Brazil, as well as gold and silver produced and sold as by-products. The Caraiba Operations focuses on copper concentrate production with gold as a significant byproduct and achieved record copper production in Q4 2024. Throughout 2024, improved metal prices and stronger operating margins within the Caraiba Operations contributed to a cash flow from operations of $145.4 million for the entire company and an adjusted EBITDA of $216.2 million. Ero Copper Corp. (NYSE:ERO) anticipates that Q1 2025 will be the softest for Caraiba as the company works to implement additional development at the Pilar mine, the benefits of which are expected to emerge over subsequent quarters. The mobilization of a second development contractor is also underway to enhance access to high-grade stopes and increase operating flexibility at Caraiba. Overall, ERO ranks 3rd on our list of the most undervalued Canadian stocks to buy according to Wall Street analysts. While we acknowledge the growth potential of ERO, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ERO but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
