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Corsa Coal: Top 10 Undervalued Steel Industry Stocks (CSO)

The Globe and Mail - Sun Jul 16, 2023
Industry Group

Corsa Coal is now ranked among the top 10 undervalued stocks in the Steel industry on the Toronto Stock Exchange or 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).

Steel: Companies that produce coking coal. Stocks in this category are held primarily for capital appreciation.

SymbolNameClose Price ($)Valuation ($)DifferenceAverage Vol (30D)Market Cap ($M)Yield (%)P/E Ratio
LIF-TLabrador Iron Ore Royalty30.9531.640.69
(2.23)
196,0181,982.89.28.1
ASTL-TAlgoma Steel Group9.5212.753.23
(33.93)
112,3551,399.42.95.5
CSO-XCorsa Coal0.380.390.01
(1.48)
50,51139.200

More about Corsa Coal

All data provided as-at market close July 12, 2023. The list is sorted by stocks with the greatest percentage difference between valuation and price. Corsa Coal Corsa Coal Corp is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel. Its core business is producing and selling metallurgical coal to domestic and international steel and coke producers in the Atlantic and Pacific basin markets. Its segments are Northern Appalachia (NAPP) and the company's corporate office. NAPP is a distinct operating segment based on its metallurgical coal operations and location in the U.S. Corsa Coal is listed under CSO 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) and Analyst Consensus

Artificial intelligence at Report on Business

AI at The Globe and Mail This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.