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The Morningstar Canada Large-Mid Cap Index rose 3.6% in January 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.
• Kinross Gold K
• Agnico Eagle Mines AEM
• Lundin Gold LUG
• Franco-Nevada FNV
Worst-Performing Stocks of January 2025
• Capital Power CPX
• Bombardier BBD.B
• Air Canada AC
• Rogers Communications RCI.B
• Ivanhoe Mines IVN
Metrics for the Best-Performing Stocks
Celestica CLS
• Sector: Utilities
• Industry: Utilities – Independent Power Producers
• Economic Moat: Not Rated
Celestica jumped 35.3% in January, lifting shares 288.3% over the past year. The company’s stock has a quantitative Morningstar Rating of 1 star.
Kinross Gold K
• Sector: Basic Materials
• Industry: Gold
• Economic Moat: None
Kinross Gold rose 22.6%, having risen 124.4% from one year ago. The company’s stock has a Morningstar Rating of 1 star and is trading at a 93% premium to its fair value estimate of C$8.50.
Agnico Eagle Mines AEM
• Sector: Basic Materials
• Industry: Gold
• Economic Moat: None
Agnico Eagle Mines jumped 20.1%, having risen 109.3% from one year ago. The company’s stock has a Morningstar Rating of 1 star and is trading at a 67% premium to its fair value estimate of C$81.00.
Lundin Gold LUG
• Sector: Basic Materials
• Industry: Gold
• Economic Moat: Not Rated
Lundin Gold advanced 17.4%, having risen 134.5% from one year ago. The company’s stock has a quantitative Morningstar Rating of 2 stars.
Franco-Nevada FNV
• Sector: Basic Materials
• Industry: Gold
• Economic Moat: Not Rated
Franco-Nevada rose 17.0%, bringing the stock up 37.5% over the past year. The company’s stock has a quantitative Morningstar Rating of 2 stars.
Metrics for the Worst-Performing Stocks
Capital Power CPX
• Sector: Utilities
• Industry: Utilities – Independent Power Producers
• Economic Moat: Not Rated
Capital Power slid 16.5% in January, but was still up 52.1% from one year ago. Shares are 22.6% below their last high on Dec. 6, 2024. The company’s stock has a quantitative Morningstar Rating of 4 stars.
Bombardier BBD.B
• Sector: Industrials
• Industry: Aerospace & Defense
• Economic Moat: Narrow
Bombardier slid 13.0%, but shares were still up 71.2% for the year. Shares are 25.1% below their last high on Oct. 15, 2024. The company’s stock has a Morningstar Rating of 3 stars and is trading at a 16% discount to its fair value estimate of C$101.00.
Air Canada AC
• Sector: Industrials
• Industry: Airlines
• Economic Moat: None
Air Canada slid 11.9%, but was still up 7.6% over the past year. Shares are 25.1% below their last high on Dec. 10, 2024. The company’s stock has a Morningstar Rating of 2 stars and is trading at a 14% premium to its fair value estimate of C$17.20.
Rogers Communications RCI.B
• Sector: Communication Services
• Industry: Telecom Services
• Economic Moat: Narrow
Rogers Communications fell 9.7%, leaving the stock down 34.0% for the year. Shares are 38.2% below their last high on Feb. 1, 2024. The company’s stock has a Morningstar Rating of 5 stars and is trading at a 40% discount to its fair value estimate of C$66.00.
Ivanhoe Mines IVN
• Sector: Basic Materials
• Industry: Other Industrial Metals & Mining
• Economic Moat: Not Rated
Ivanhoe Mines fell 8.5%, but shares were still up 10.6% for the year. Shares are 26.8% below their last high on May 21, 2024. The company’s stock has a quantitative Morningstar Rating of 2 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 reviewed by Morningstar editors. Learn more about Morningstar’s use of automation.
The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies.