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The best cheap stocks to buy now

We've rounded up the best cheap stocks to buy now in Canada.

Mackenzie Domazet

Stacie Hurst

Updated

Oct 12, 2021

Fact checked

Here are the best cheap stocks to buy now in Canada and the US. These stocks are starting points for your own research and should not be taken as advice to buy any particular stock.

Finder’s list of the best cheap stocks is based on the results of our proprietary ranking system.

We used Finder’s proprietary algorithm to rate Canadian stocks listed on the TSX and US stocks listed on the NYSE and Nasdaq. Our rating is based on price, performance, profit, revenue and dividends. Our fundamental analysis filters stocks by taking into account historical prices, dividends, revenue growth, (low) price volatility and profit margins.
This might indicate a quality stock, but we do not guarantee the performance or returns of any investment.
For Canadian stocks, we filter out stocks that have been listed for less than 5 years and companies that have market caps of less than CAD $200 million. For US stocks, we filter out stocks that have been listed for less than 5 years and companies that have market caps of less than $1 billion. This is done to better compare historical data and avoid smaller, more speculative stocks.
This methodology no doubt filters out some good stocks, so our decision to include or exclude a stock from our list does not indicate whether it’s a good or bad investment. For more information about our algorithm, check out our stock ranking page.

This list and data was compiled October 7, 2021. The algorithm was last updated 27 January 2021.

Best cheap stocks in Canada

1: Belo Sun Mining Corp

2: Wallbridge Mining Company Limited

3: Excelsior Mining Corp

4: Lucara Diamond Corp

5: Gold Standard Ventures Corp

6: Neptune Wellness Solutions Inc

7: Fission Uranium Corp

8: Almonty Industries Inc

9: Americas Gold and Silver Corporation

10: Athabasca Oil Corporation

Best cheap stocks in the US

1: IRSA Propiedades Comerciales S.A

2: Ambev S.A

3: Mizuho Financial Group Inc

4: Banco Bradesco S.A

5: Banco Santander S.A

6: Banco Bradesco S.A

7: Itaú Unibanco Holding S.A

8: Telefónica S.A

9: Nomura Holdings Inc

10: Aegon N.V

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Our selection of top picks is based on the same criteria as our annual Stock Trading Platform Awards. This is updated yearly to reflect changes in the market.

"Best for" picks are those we've evaluated to be best for specific product features or categories – you can read our full methodology here. If we show a "Promoted" pick, it's been chosen from among our commercial partners and is based on factors that include special features or offers, and the commission we receive.

This isn't an exhaustive list of all the trading platforms out there. What's best for you depends on your own investing strategy, budget and financial goals.

What you should know before buying cheap stocks

There’s no single winning strategy to finding what experts might call the best-performing cheap stocks in Canada and the US, because the most important considerations are your own goals and circumstances. But that shouldn’t discourage you from doing your homework and investing.

Whether you care more about short-term capital gains or long-term dividend growth, it’s important to know whether a stock is performing well, making a profit, paying dividends or going backwards. Always remember that past performance does not guarantee future results. Investments can increase and decrease in value.

The information provided here is general in nature. It is not personal financial advice, and your personal objectives, financial situation and needs have not been taken into consideration. The best cheap stocks listed on this page may not be the best investments for you. So you should do your own research, and speak with an investment professional if in doubt.

What are penny stocks?

Penny stocks are low-priced stocks of small companies that have usually just gone public. While there is no universally agreed upon definition for penny stocks, many investment professionals agree that these stocks cost no more than $5 and are issued by companies with a market capitalization of no more than $300 million.

Some penny stocks trade on major exchanges like the TSX or NYSE, but many trade on OTC Markets.

If you’re looking for a low-cost investment opportunity, penny stocks may seem like an attractive option. But keep in mind that cheap stocks may not only represent small or new companies.

Cheap stocks may also represent companies that pose a high risk to investors. As with any investment, you could earn a profit on your investment—or you could lose your money. Learn more in our guide to investing in penny stocks.

Best cheap stocks to buy now in Canada

1. Belo Sun Mining Corp (TSX: BSX)

Formerly known as Verena Minerals Corporation, Belo Sun Mining Corp. is a gold exploration and development company in Brazil. Its flagship property, the Volta Grande Gold project, consists of 4 mining concession applications, 58 exploration permits and 16 exploration permits.

Market cap: C$225.252 million
YTD performance: -47.42%
1 year performance: -51.43%
5 year performance: 182.36%
Headquarters: Canada

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The best cheap stocks to buy now

We've rounded up the best cheap stocks to buy now in Canada.

How did we pick the best cheap stocks?

Best cheap stocks in Canada

Best cheap stocks in the US

How we choose our top picks

What you should know before buying cheap stocks

What are penny stocks?

Best cheap stocks to buy now in Canada

Best cheap US stocks to buy now

4. Banco Bradesco S.A (NYSE: BBDO)

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