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Interested in finding potentially undervalued stocks? If so, one idea is to search for companies trading at the steepest discounts to their analyst target prices.

We ran a screen on large-cap companies (market caps above $10 billion) for those trading at steep discounts to even their lowest analyst target prices.

Because target prices tend to be inflated due to analyst bullishness, we only considered the lowest, most pessimistic analyst target price. Also, to only consider companies with sufficient coverage, we included those with 5 or more target prices.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.‬

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you think these stocks should be trading higher? Use this list as a starting point for your own analysis.

List sorted by potential upside implied by target price.

1. The Mosaic Company (NYSE:MOS): Engages in the production and marketing of concentrated phosphate- and potash-based crop nutrients for the agriculture industry worldwide. Market cap of $23.22B. Of the 12 analysts that have set a target price on the stock, the lowest price target stands at $72.00. This implies a current upside of 30.81% from current levels around $55.04. The stock has lost 31.4% over the last year.

2. Arcelor Mittal (NYSE:MT): Engages in the production and marketing of steel worldwide. Market cap of $30.95B. Of the 9 analysts that have set a target price on the stock, the lowest price target stands at $24.50. This implies a current upside of 26.75% from current levels around $19.33. This is a risky stock that is significantly more volatile than the overall market (beta = 2.14). The stock has had a good month, gaining 13.97%.

3. Talisman Energy Inc. (NYSE:TLM): Engages in the exploration, development, production, transportation, and marketing of crude oil, natural gas, and natural gas liquids. Market cap of $12.29B. Of the 13 analysts that have set a target price on the stock, the lowest price target stands at $15.16. This implies a current upside of 25.08% from current levels around $12.12. It's been a rough couple of days for the stock, losing 9.42% over the last week.

4. Kinross Gold Corporation (NYSE:KGC): Engages in mining and processing gold ores. Market cap of $14.62B. Of the 19 analysts that have set a target price on the stock, the lowest price target stands at $16.00. This implies a current upside of 24.90% from current levels around $12.81. The stock has had a couple of great days, gaining 5.67% over the last week.

5. Cliffs Natural Resources Inc. (NYSE:CLF): Produces iron ore pellets, lump and fines iron ore, and metallurgical coal products. Market cap of $10.21B. Of the 16 analysts that have set a target price on the stock, the lowest price target stands at $87.00. This implies a current upside of 23.88% from current levels around $70.23. This is a risky stock that is significantly more volatile than the overall market (beta = 2.48). The stock has had a couple of great days, gaining 7.53% over the last week.

6. Teck Resources Limited (NYSE:TCK): Operates as a diversified mining, mineral processing, and metallurgical company. Market cap of $23.10B. Of the 8 analysts that have set a target price on the stock, the lowest price target stands at $47.00. This implies a current upside of 21.79% from current levels around $38.59. The stock has lost 38.66% over the last year.

7. The Toronto-Dominion Bank (NYSE:TD): Provides various banking and financial services in North America and internationally. Market cap of $68.95B. Of the 5 analysts that have set a target price on the stock, the lowest price target stands at $89.97. This implies a current upside of 19.10% from current levels around $75.54. The stock has gained 5.05% over the last year.

8. Halliburton Company (NYSE:HAL): Provides various products and services to the energy industry for the exploration, development, and production of oil and natural gas worldwide. Market cap of $31.96B. Of the 30 analysts that have set a target price on the stock, the lowest price target stands at $42.00. This implies a current upside of 18.71% from current levels around $35.38. The stock has lost 12.19% over the last year.

9. Total SA (NYSE:TOT): Operates as an integrated oil and gas company worldwide. Market cap of $118.33B. Of the 7 analysts that have set a target price on the stock, the lowest price target stands at $60.00. This implies a current upside of 18.02% from current levels around $50.84. The stock has lost 2.9% over the last year.

10. Enersis S.A. (NYSE:ENI): Engages in the generation, transmission, and distribution of electricity in Chile, Argentina, Brazil, Colombia, and Peru. Market cap of $11.79B. Of the 5 analysts that have set a target price on the stock, the lowest price target stands at $21.00. This implies a current upside of 17.06% from current levels around $17.94. The stock has lost 12.5% over the last year.

*Target price data sourced from Yahoo! Finance, all other data sourced from Finviz.

Source: 10 Most Undervalued Large Cap Stocks By Target Price