Earlier on February 21, Brianne Gardner, senior wealth manager at Velocity Investment Partners, Raymond James, appeared on BNN Bloomberg and shared her outlook on Canadian & US large caps. Gardner began by addressing the day’s market volatility and noted that a Supreme Court ruling struck down emergency powers used to impose tariffs, which she viewed as a net positive for businesses and consumers. Gardner observed a shift in leadership away from broad momentum toward earning quality in sectors like energy, infrastructure, and industrials. She particularly mentioned that while AI spending remains a major theme, investors are now demanding proof that capital expenditure is translating into sustainable returns.
Gardner described her investment strategy as being constructive yet patient, maintaining dry powder or cash on the sidelines. She favors the materials and energy sectors, the latter of which has benefited from geopolitical risks. She noted that her team has been taking profits on technology names and is looking for international diversification. She emphasized the importance of owning high-quality companies with pricing power and strong balance sheets.
That being said, we’re here with a list of the 10 best Canadian value stocks to buy.
Our Methodology
We used screeners to identify Canadian stocks that are trading below a forward P/E of 15, and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Note: All data was sourced on March 3.
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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
10 Best Canadian Value Stocks to Buy
10. Endeavour Silver Corp. (NYSE:EXK)
Endeavour Silver Corp. (NYSE:EXK) is one of the best Canadian value stocks to buy. On February 27, Endeavour Silver Corp. reported financial results for the full-year 2025. The company achieved record annual revenue of $467.5 million, which is a 115% increase over 2024, driven by a 48% surge in silver equivalent production to 11 million ounces. This was supported by the commissioning of the Terronera mine, the acquisition of the Kolpa mine, and higher realized metal prices.
Strategically, Endeavour Silver Corp. highlighted the commencement of commercial production at Terronera in October 2025 and the finalization of a definitive agreement to sell the Bolañitos mine. Despite operational successes, the company reported a net loss of $119.1 million for the year, largely attributed to $126.2 million in derivative contract losses and increased finance costs following the start of commercial operations at Terronera.
In Q4, consolidated cash costs rose to $19.05 per silver ounce, and all-in sustaining costs reached $41.19 per ounce, reflecting the initial high costs of ramping up Terronera and the impact of a stronger Mexican peso. While throughput increased across the portfolio, the company noted that Terronera’s initial efficiency was affected by electrical disruptions, which are currently being addressed through new operational initiatives. Additionally, Endeavour Silver Corp. (NYSE:EXK) briefly paused operations at Terronera in February 2026 due to local security concerns and blockades, though normal activities resumed shortly thereafter.
Endeavour Silver Corp. (NYSE:EXK) is a silver mining company that acquires, explores, develops, extracts, processes, refines, and reclaims mineral properties in Mexico, Chile, Peru, and the US. It explores for gold & silver deposits, and precious metals, as well as polymetals.
9. Hudbay Minerals Inc. (NYSE:HBM)
Hudbay Minerals Inc. (NYSE:HBM) is one of the best Canadian value stocks to buy. On March 2, Hudbay Minerals reached a deal to buy Arizona Sonoran Copper Company/ASCU in an all-share transaction worth roughly C$9.35 per share. ASCU shareholders will receive 0.242 Hudbay shares for each share they own, representing a 30% premium. This merger gives Hudbay full control of the Cactus project, which, when combined with its Copper World asset, creates the third-largest copper district in North America and establishes a major hub for US copper production.
The acquisition is designed to increase Hudbay’s production capacity. The company expects its annual copper output to grow from 125,000 tonnes to over 250,000 tonnes by 2030, with the potential to reach 350,000 tonnes. Hudbay Minerals Inc. (NYSE:HBM) also anticipates between $5 million and $10 million in annual corporate savings and plans to use resources from Copper World, such as sulfuric acid, to improve operations at the Cactus site.
For ASCU shareholders, the deal provides an immediate payout premium while reducing the risks and costs of developing a large mining project alone. The boards of both companies have approved the agreement, and the deal is expected to close in Q2 2026. ASCU investors will vote on the proposal in May, and the transaction still requires standard regulatory and court approvals.
Hudbay Minerals Inc. (NYSE:HBM) is a diversified mining company that explores, develops, operates, and optimizes properties in North and South America.
