Top and Bottom Canadian Stocks of…

The Morningstar Canada Large-Mid Cap Index rose 1.0% in October amid a rally in the technology sector. The large-mid index tracks the performance of the top 90% of the Canadian investable universe by market cap, and each month we screen from among the stocks in this index to find the best- and worst-performing companies. Data in this article is sourced from Morningstar Direct.

• Celestica CLS
• AtkinsRealis ATRL
• NexGen Energy NXE
• Brookfield Global Listed Infrastructure Income Fund BAM
• Pan American Silver PAAS

Worst-Performing Stocks of October 2024

• Canadian Apartment Properties Real Estate Investment Trust CAR.UN
• Veren VRN
• Saputo SAP
• Algonquin Power & Utilities AQN
• Capstone Copper CS

Metrics for the Best-Performing Stocks

Celestica CLS

• Sector: Technology
• Industry: Electronic Components
• Economic Moat: Not Rated

Celestica rallied 37.8% in October, rising 194.3% from one year ago. The company’s stock has a quantitative Morningstar Rating of 3 stars.

AtkinsRealis ATRL

• Sector: Industrials
• Industry: Engineering & Construction
• Economic Moat: None

AtkinsRealis jumped 21.9%, bringing the stock up 74.2% over the past year. The company’s stock has a Morningstar Rating of 3 stars and is trading at a 12% premium to its fair value estimate of C$60.00.

NexGen Energy NXE

• Sector: Energy
• Industry: Uranium
• Economic Moat: Not Rated

NexGen Energy jumped 16.1%, lifting shares 22.3% over the past year. Shares are 15.7% below their last high on May 7, 2024. The company’s stock has a quantitative Morningstar Rating of 3 stars.

Brookfield Global Listed Infrastructure Income Fund BAM

• Sector: Financial Services
• Industry: Asset Management
• Economic Moat: Not Rated

Brookfield Global Listed Infrastructure Income Fund advanced 15.5%, having risen 92.9% from one year ago. The company’s stock has a quantitative Morningstar Rating of 1 star.

Pan American Silver PAAS

• Sector: Basic Materials
• Industry: Gold
• Economic Moat: Not Rated

Pan American Silver climbed 15.3%, bringing the stock up 64.6% over the past year. The company’s stock has a quantitative Morningstar Rating of 3 stars.

Metrics for the Worst-Performing Stocks

Canadian Apartment Properties Real Estate Investment Trust CAR.UN

• Sector: Real Estate
• Industry: REIT – Residential
• Economic Moat: Not Rated

Canadian Apartment Properties Real Estate Investment Trust fell 15.4% in October, shares were still up 18.8% for the year. Shares are 18.2% below their last high on Sept. 13, 2024. The company’s stock has a quantitative Morningstar Rating of 4 stars.

Veren VRN

• Sector: Energy
• Industry: Oil & Gas E&P
• Economic Moat: Not Rated

Veren fell 13.9%, having fallen 32.3% from one year ago. Shares are 43.4% below their last high on April 29, 2024. The company’s stock has a quantitative Morningstar Rating of 5 stars.

Saputo SAP

• Sector: Consumer Defensive
• Industry: Packaged Foods
• Economic Moat: None

Saputo fell 9.0%, having fallen 2.6% from one year ago. Shares are 17.4% below their last high on July 12, 2024. The company’s stock has a Morningstar Rating of 2 stars and is trading at an 8% premium to its fair value estimate of C$24.50.

Algonquin Power & Utilities AQN

• Sector: Utilities
• Industry: Utilities – Renewable
• Economic Moat: Not Rated

Algonquin Power & Utilities fell 8.9%, shares were still up 2.9% for the year. Shares are 27.5% below their last high on May 7, 2024. The company’s stock has a quantitative Morningstar Rating of 4 stars.

Capstone Copper CS

• Sector: Basic Materials
• Industry: Copper
• Economic Moat: Not Rated

Capstone Copper fell 8.9%, but shares were still up 104.0% for the year. Shares are 16.3% below their last high on May 21, 2024. The company’s stock has a quantitative Morningstar Rating of 3 stars.

Companies that are not formally covered by a Morningstar analyst are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative star rating.

This article was generated with the help of automation and artificial intelligence. It was reviewed by Morningstar editors.

The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies.

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