5 Undervalued Canadian Stocks To Invest In

3. Nutrien Ltd. (NYSE:NTR)

Latest P/E Ratio: 4.72

Nutrien Ltd. (NYSE:NTR) is an agricultural raw materials firm that sells urea, nitrates, and potash products. Institutional investors have invested heavily in the stock, with the latest estimates showing that 71% of its shares are held by them.

After sifting through 943 hedge funds for their March quarter of 2023 investments, Insider Monkey discovered that 32 had bought Nutrien Ltd. (NYSE:NTR)’s shares. Jean-Marie Eveillard’s First Eagle Investment Management is the largest investor with an investment worth $629 million.

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