Canada Forecast Undervalued Stocks – July 2026
Explore stocks in Canada trading below analyst forecast fair value for July 2026, including Celestica Inc. (CLS.TO), Franco-Nevada Corporation (FNV.TO), Royal Bank of Canada (RY.TO). These equities on the Toronto Stock Exchange (TSX) are currently priced below consensus analyst targets, presenting potential bullish opportunities for value-oriented investors.
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Signal Criteria
Price<Monthly Forecast
Monthly Forecast
| Symbol | Price | Change | Volume | Market Cap | Sector / Industry | Monthly Forecast | GRADE |
|---|---|---|---|---|---|---|---|
| CLS.TO Celestica Inc. | $449.49 | +4.52% +19.42 | 518.4K | 51.7B | Technology | 528.90 | B+Grade |
| FNV.TO Franco-Nevada Corporation | $302.72 | -0.13% -0.40 | 396.3K | 58.4B | Basic Materials | 320.33 | B+Grade |
| RY.TO Royal Bank of Canada | $296.11 | +0.98% +2.86 | 3.6M | 411.5B | Financial Services | 309.57 | Z Grade |
| QUU.TO Mackenzie US Large Cap Equity Index ETF | $302.35 | +0.07% +0.20 | 7.9K | 6.2B | Financial Services | 306.89 | Z Grade |
| ZGD.TO BMO Equal Weight Global Gold Index ETF | $259.99 | +0.22% +0.56 | 1K | 277.4M | Financial Services | 287.72 | Z Grade |
| HPS-A.TO Hammond Power Solutions Inc. | $269.92 | -1.68% -4.62 | 60.2K | 3.2B | Industrials | 283.75 | Z Grade |
| WCN.TO Waste Connections, Inc. | $239.58 | +0.09% +0.22 | 472.2K | 60.4B | Industrials | 246.35 | Z Grade |
| QAH.TO Mackenzie US Large Cap Equity Index ETF (CAD-Hedged) | $238.45 | +0.11% +0.27 | 77 | 1.2B | Financial Services | 241.27 | Z Grade |
| TIH.TO Toromont Industries Ltd. | $210.63 | -6.71% -15.14 | 956.2K | 17.2B | Industrials | 240.38 | Z Grade |
| NA.TO National Bank of Canada | $228.42 | +0.45% +1.02 | 1.3M | 88B | Financial Services | 234.62 | Z Grade |
| FSV.TO FirstService Corporation | $198.02 | +2.18% +4.22 | 174.2K | 9.1B | Real Estate | 233.25 | Z Grade |
| ZJG.TO BMO Junior Gold Index ETF | $212.11 | +0.71% +1.49 | 3.4K | 168.1M | Financial Services | 230.03 | Z Grade |
| QCN.TO Mackenzie Canadian Equity Index ETF | $217.43 | +0.66% +1.43 | 5.9K | 3B | Financial Services | 222.73 | Z Grade |
| AEM.TO Agnico Eagle Mines Limited | $206.18 | +0.67% +1.37 | 797.6K | 103.1B | Basic Materials | 222.14 | Z Grade |
| QQC-F.TO Invesco NASDAQ 100 Index ETF CAD Hedged | $215.30 | -0.34% -0.73 | 9.2K | 1.3B | Financial Services | 220.54 | Z Grade |
| QCE.TO Mackenzie Canadian Large Cap Equity Index ETF | $213.93 | +0.81% +1.71 | 162 | 267.6M | Financial Services | 217.75 | Z Grade |
| TFII.TO TFI International Inc. | $205.82 | -3.11% -6.61 | 343.3K | 16.9B | Industrials | 214.06 | Z Grade |
| IAG.TO iA Financial Corporation Inc. | $207.02 | +0.94% +1.92 | 388.7K | 18.7B | Financial Services | 207.96 | Z Grade |
| ZQQ.TO BMO NASDAQ 100 Equity Hedged to CAD Index ETF | $189.45 | -0.35% -0.67 | 60.8K | 3.1B | Financial Services | 201.99 | Z Grade |
| SHOP.TO Shopify Inc. | $179.14 | +11.64% +18.68 | 5.3M | 232.5B | Technology | 196.98 | Z Grade |
| DOL.TO Dollarama Inc. | $187.73 | +1.65% +3.05 | 531.1K | 50.8B | Consumer Defensive | 196.95 | Z Grade |
| MEQ.TO Mainstreet Equity Corp. | $180.86 | +1.77% +3.14 | 4.6K | 1.7B | Real Estate | 194.28 | Z Grade |
| VFV.TO Vanguard S&P 500 Index ETF | $185.63 | +0.23% +0.42 | 346.5K | 33.8B | Financial Services | 193.30 | Z Grade |
| IMO.TO Imperial Oil Limited | $177.72 | -1.97% -3.57 | 674.3K | 85.9B | Energy | 179.32 | Z Grade |
| CIGI.TO Colliers International Group Inc. | $144.01 | +4.71% +6.48 | 137.8K | 7.2B | Real Estate | 178.70 | Z Grade |
| QDXH.TO Mackenzie International Equity Index ETF (CAD Hedged) | $175.49 | +0.21% +0.37 | 55 | 40M | Financial Services | 178.19 | Z Grade |
| RBA.TO RB Global, Inc. | $164.29 | +4.35% +6.85 | 202.8K | 30.6B | Industrials | 169.43 | Z Grade |
| TD.TO The Toronto-Dominion Bank | $168.87 | -0.08% -0.13 | 5.4M | 279B | Financial Services | 169.33 | Z Grade |
| CM.TO Canadian Imperial Bank of Commerce | $166.93 | +0.75% +1.25 | 2.7M | 154.7B | Financial Services | 167.89 | Z Grade |
| QDX.TO Mackenzie International Equity Index ETF | $162.76 | +0.65% +1.05 | 4.2K | 1.7B | Financial Services | 166.26 | Z Grade |
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Understanding Forecast Undervalued Stocks
Canada Forecast Undervalued Stocks – [July 2026]
Explore equities in Canada trading below analyst forecast fair value for [July 2026], including Celestica Inc. (CLS.TO), Franco-Nevada Corporation (FNV.TO), and Royal Bank of Canada (RY.TO). These stocks listed on Toronto Stock Exchange (TSX) are currently priced below consensus analyst targets, presenting potential upside opportunities for value-oriented investors.
Understanding Forecast Undervalued Stocks
The Forecast Undervalued Stocks screen identifies equities on Toronto Stock Exchange (TSX) whose current price is below consensus analyst fair value estimates, signaling potential bullish opportunities. Rankings rely on live market data and adjust dynamically according to your filters:
- Current Price: $449.49, $302.72, $296.11
- Trading Volume: 518.4K, 396.3K, 3.6M
- Market Capitalization: 51.7B, 58.4B, 411.5B
- Sector / Industry: Technology, Basic Materials, Financial Services
- Analyst Rating / Forecast Gap: -, -, -
This screen helps investors identify mispriced opportunities where the market may not yet have reflected analysts’ expectations, making it a valuable tool for Canada value investors.
Why Track Forecast Undervalued Stocks in Canada?
Market Insights
- Using this filter-driven screen, investors can identify stocks on Toronto Stock Exchange (TSX) trading at a discount to analyst targets.
- Spot sectors in Canada where the market may be underpricing future earnings potential.
- Track equities where analysts suggest meaningful upside from current prices.
- Compare forecast discount levels across industries to locate the deepest value opportunities in Canada.
Trading Opportunities
- This screen is also useful for actionable setups.
- Find stocks on Toronto Stock Exchange (TSX) with strong analyst buy ratings and large price-to-target gaps.
- Discover undervalued equities in Canada with improving earnings momentum and upward revisions.
- Evaluate stocks trading below fair value alongside technical breakout signals for better entry timing.
- Combine forecast undervalued screens with fundamental catalysts, such as earnings beats, for high-conviction trades.
Filter-Based Market View
- The results on this page update automatically based on the following filter settings: Country: Canada, Stock Exchange: Toronto Stock Exchange (TSX), Market Cap: All, Grade / Analyst Rating: All, Volume: All, Price Range: All.
- Changing any of these filters dynamically adjusts the stocks, statistics, and analysis, ensuring the page content reflects the exact market segment you are tracking.
Related Resources
Frequently Asked Questions
Forecast undervalued stocks are equities whose current market price is below the consensus analyst forecast fair value. Currently, CLS.TO is among the undervalued stocks with a price of $449.49, a +4.52% change, and trading volume of 518.4K.
MEYKA compares current market prices against consensus analyst price targets, using real-time data including current price ($449.49), volume (518.4K), and market cap (51.7B) to rank stocks by their discount to analyst fair value on the Toronto Stock Exchange (TSX).
No. Analyst forecasts represent estimates and can be revised. A stock trading below forecast fair value may reflect legitimate risks the market is pricing in. Always combine forecast data with fundamental analysis and risk management before investing.
MEYKA updates the forecast undervalued stocks list in real time, continuously tracking changes in price ($449.49), percentage change (+4.52%), volume (518.4K), and market cap (51.7B) relative to analyst targets.
Yes. Combining forecast undervalued stocks with technical momentum signals, earnings growth trends, or insider buying activity can provide stronger confirmation that the market discount may close, creating more high-conviction setups.