3 TSX Stocks Under $100 to Buy in August

These three TSX stocks are some of the best and cheapest investments you can buy now, making them some of my top picks for August.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s premium investing services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Despite cooling inflation and interest rates starting to decline, there is still a lot of uncertainty in the stock market, keeping many stocks cheap and giving Canadian investors plenty of opportunity to find TSX stocks trading under $100 to buy in August.

We saw this again last week, with a significant selloff to begin the week due to fears that the U.S. economy was cooling off too quickly. By the end of the week, markets had already recovered significantly due to new economic data showing the economy was doing better than initially expected.

Investors need to capitalize on this uncertainty and buy high-quality TSX stocks while they’re still trading at compelling valuations.

So, if you’ve got cash on the sidelines you’re looking to put to work today, here are three top TSX stocks trading under $100 to buy right now.

One of the best small-cap growth stocks in Canada

If you’re looking for top TSX stocks to buy now, WELL Health Technologies (TSX:WELL) continues to show why it’s one of the best to consider.

Created with Highcharts 11.4.3Well Health Technologies PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.ca

Throughout the pandemic and the years that followed, WELL grew rapidly by acquisition. However, it wasn’t just the new businesses it bought that allowed it to grow rapidly. It was also all the organic growth potential that these investments had themselves.

For example, one of its subsidiaries, Circle Medical, just passed the $100 million annual revenue run-rate mark for the first time. That’s extremely impressive, considering WELL bought Circle Medical less than four years ago when its annualized revenue run rate was roughly $5 million.

In addition, WELL’s strategy of acquiring numerous outpatient clinics across Canada has also given the stock a tonne of potential. It continues to scale its costs and improve the efficiency of its clinics to drive growth in its profitability, giving it a tonne of growth potential over the coming years.

The stock is set to report second-quarter earnings tomorrow, and analysts again expect these results to be strong, extending its current streak of more than four straight years of beating expectations each quarter.

So, if you’re looking for top TSX stocks to buy today, I strongly recommend WELL.

One of the top TSX stocks to buy while it’s still cheap

In addition to WELL, Cineplex (TSX:CGX) is another TSX stock with tremendous potential in the coming quarters that still trades cheaply today.

The stock has been consistently impacted by uncontrollable factors since the pandemic. However, it finally looks like Cineplex may have turned the corner, especially with so many blockbuster films scheduled to be released in the second half of 2024 and into 2025.

Traditionally, Cineplex has done a fantastic job of generating revenue growth when its attendance levels are high through increased box office prices and strong concession sales.

Therefore, as attendance continues to improve, not only should Cineplex’s sales start to rebound, but Cineplex should continue to see improvements in its profitability, creating a tonne of potential for a significant rally in its share price.

The stock continues to trade so cheaply that even with Cineplex’s struggles over the last few years, it’s still electing to start buying back shares in the near term. So, if you’ve got cash to invest today, Cineplex is certainly one of the top TSX stocks to buy in August.

A top high-yield dividend stock that’s perfect for passive-income seekers

Finally, if you’re a passive-income seeker looking for top TSX stocks to buy in August, I’d recommend a reliable stock like CT REIT (TSX:CRT.UN), the real estate investment trust (REIT) that’s largely owned by Canadian Tire.

With roughly 90% of its revenue coming from a reliable tenant like Canadian Tire and many new projects in the pipeline, CT REIT is not only a reliable dividend stock that can earn you attractive passive income but also has plenty of long-term growth potential.

Right now, the stock’s dividend yield is sitting just shy of 6.5%. Furthermore, it’s increased that dividend every year since it went public and has never had a single year where its revenue didn’t increase as well, including through the pandemic.

So, if you’re looking for a top dividend stock to buy in August, CT REIT is easily one of the best on the TSX.

Should you invest $1,000 in Yamana Gold right now?

Before you buy stock in Yamana Gold, consider this:

The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Yamana Gold wasn’t one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $20,697.16!*

Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 29 percentage points since 2013*.

See the Top Stocks * Returns as of 3/20/25

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Daniel Da Costa has positions in Well Health Technologies. The Motley Fool recommends Cineplex. The Motley Fool has a disclosure policy.

Confidently Navigate Market Volatility: Claim Your Free Report!

Feeling uneasy about the ups and downs of the stock market lately? You’re not alone. At The Motley Fool Canada, we get it — and we’re here to help. We’ve crafted an essential guide designed to help you through these uncertain times: "5-Step Checklist: How to Prepare Your Portfolio for Volatility."

Don't miss out on this opportunity for peace of mind. Just click below to learn how to receive your complimentary report today!

Get Our Free Report Today

More on Investing

A shopper makes purchases from an online store.
Tech Stocks

Buy the Dip on the Return of Recession Stocks?

If a recession comes back, there are some stocks that could fair well afterwards. And this is one of the…

Read more »

RRSP Canadian Registered Retirement Savings Plan concept
Retirement

Here’s the Average Canadian TFSA and RRSP at Age 60

Many Canadian retirees have tens of thousands invested in ETFs like the iShares S&P/TSX 60 Index Fund (TSX:XIU).

Read more »

TFSA (Tax-Free Savings Account) on wooden blocks and Canadian one hundred dollar bills.
Dividend Stocks

Here’s Exactly How a $20,000 TFSA Could Potentially Grow to $200,000

Index funds like the iShares S&P/TSX Capped Composite Index (TSX:XIC) are tax free in a TFSA.

Read more »

dividend growth for passive income
Investing

5 Canadian Growth Stocks to Buy and Hold for the Next 15 Years

These Canadian stocks have tremendous long-term growth potential, making them five of the best investments you can buy and hold…

Read more »

Man holds Canadian dollars in differing amounts
Stocks for Beginners

Cash Is King? Think Again During Today’s Market Dip

Sure, cash is great, but during a market dip investors may want to consider using some of the cash to…

Read more »

grow money, wealth build
Stocks for Beginners

How I’d Build a $15,000 Portfolio for Income and Growth With Canadian Value Stocks

Looking for some Canadian value stocks to buy without breaking the bank? Here's a trio to consider buying this month.

Read more »

Dividend Stocks

How I’d Invest $6,000 in Canadian Real Estate Stocks to Build Lasting Wealth

Canadian REITs on sale! See how grocery-anchored retail properties offering 9% yields could turn $6,000 into lasting wealth despite US…

Read more »

Piggy bank with word TFSA for tax-free savings accounts.
Investing

3 Canadian Value Stocks I’d Hold in My TFSA Through Market Volatility

Given their healthy growth prospects and discounted stock prices, these three value stocks would be ideal additions to your TFSA.

Read more »