IEA sees oil market balance, 3 ASX stocks to watch out for

1. 5 Canadian value stocks to buy in Q4 2021 Kalkine Media

2. Highlights ? A mining company listed below posted a return on equity of 84.4 per cent. ? A media stock mentioned here rocketed by more than 172 per cent year-over-year. ? An automotive supply firm among them held a dividend yield of 2.155 per cent. Investment in value stocks is often seen as a profitable venture as these generally offer a high return to investors. Value stocks are generally undervalued and are likely to appreciate in future considering the near-term and long-term horizons. Also read: Sharethrough IPO: How to buy this TSX-bound ad tech company's stock? On that note, we have shortlisted some of the Toronto Stock Exchange (TSX) value stocks that are worth exploring. ? Magna International Inc (? TSX:MG) The Ontario-based automotive supplier Magna International Inc noted its scrip moving up by 0.544 per cent and closed the session at C$ 99.77 apiece on Monday, October 25. MG scrip scaled up by more than 42 per cent in the past year and rose by about 11 per cent year-to-date (YTD). It increased by almost seven per cent in the last nine months and surged by more than two per cent in the previous month. On Wednesday, October 20, the company updated its 2021 outlook, reflecting a decrease in light vehicle production primarily due to the squeezed supply of semiconductor chips and pandemic impact on the automotive supply chain across the world. On Tuesday, October 26, Magna held a return on equity (ROE) of 20.08 per cent and a dividend yield of 2.155 per cent. ? Cineplex Inc (? TSX:CGX) Canadian entertainment and media firm Cineplex Inc witnessed its stock closing at C$ 13.70 apiece, up by 1.859 per cent on October 25. However, it had slipped by almost 18 per cent from its 52-week high of C$ 16.76 reached on June 17.

3. Its stock rocketed by more than 172 per cent year-over-year (YoY) and soared by more than 48 per cent YTD. It expanded by nearly 23 per cent in the previous nine months and gained almost five per cent in the last month. On October 26, the firm held a market capitalization of C$ 866 million with a 10-day average trade volume of 0.46 million. ? Kinross Gold Corporation (? TSX:K) The stock of the gold miner Kinross Gold Corporation went up by 2.433 per cent to C$ 8 apiece on October 25. It touched a day high of C$ 8.06 during the session. The gold stock plummeted by almost 30 per cent over the past year and descended by nearly 11 per cent in the last six months. However, it jumped up by more than two per cent in the past three months and increased by more than 18 per cent in the previous month. Kinross held an ROE of 20.81 per cent and a dividend yield of 1.889 per cent at the time of writing. ? Cargojet Inc (? TSX:CJT) The Mississauga-based air cargo carrier Cargojet Inc saw its stock priced at C$ 201.74 per share, up by 1.643 per cent on October 25. Its stock plunged by almost 10 per cent over the past year. However, it ascended by more than six per cent in the previous six months and surged by more than three per cent in the last three months. On October 26, the air transportation company stood at an ROE of 9.23 per cent and a dividend yield of 0.516 per cent from the valuation front.

4. ? Champion Iron Limited Ordinary Shares (? TSX:CIA) The iron ore miner Champion Iron Limited witnessed its stock scaling up by 3.016 per cent to C$ 4.44 apiece at the market close on October 25. Its stock had slumped by roughly 38 per cent from the one-year high of C$ 7.24 on July 29. The CIA stock marked a YoY growth of nearly 57 per cent and a quarter-to-date (QTD) gain of almost three per cent. However, it decreased by about 19 per cent in the last nine months and dropped by roughly 34 per cent in the past three months. Champion posted an ROE of 84.4 per cent and a return on assets (ROA) of 47.67 per cent at the time of writing.