Loading the Elevenlabs Text to Speech AudioNative Player...
The Morningstar Canada Large-Mid Cap Index rose 7.1% in November 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.
Worst-Performing Stocks of November 2024
• Curaleaf CURA
• Stella-Jones SJ
• B2Gold BTO
• Barrick Gold ABX
• Franco-Nevada FNV
Metrics for the Best-Performing Stocks
Shopify SHOP
• Sector: Technology
• Industry: Software – Application
• Economic Moat: Wide
Shopify rose 48.6% in November, lifting shares 63.7% over the past year. The company’s stock has a Morningstar Rating of 3 stars and is trading at a 15% premium to its fair value estimate of C$141.00.
CAE CAE
• Sector: Industrials
• Industry: Aerospace & Defense
• Economic Moat: Not Rated
CAE advanced 34.3%, bringing the stock up 22.0% over the past year. The company’s stock has a quantitative Morningstar Rating of 3 stars.
Air Canada AC
• Sector: Industrials
• Industry: Airlines
• Economic Moat: None
Air Canada jumped 32.3%, bringing the stock up 41.6% over the past year. The company’s stock has a Morningstar Rating of 2 stars and is trading at a 45% premium to its fair value estimate of C$17.20.
Celestica CLS
• Sector: Technology
• Industry: Electronic Components
• Economic Moat: Not Rated
Celestica rallied 26.3%, bringing the stock up 229.2% from one year ago. The company’s stock has a quantitative Morningstar Rating of 3 stars.
Methanex MX
• Sector: Basic Materials
• Industry: Chemicals
• Economic Moat: Not Rated
Methanex climbed 20.4%, bringing the stock up 15.3% over the past year. Shares are 11.6% below their last high on May 21, 2024. The company’s stock has a quantitative Morningstar Rating of 5 stars.
Metrics for the Worst-Performing Stocks
Curaleaf CURA
• Sector: Healthcare
• Industry: Drug Manufacturers – Specialty & Generic
• Economic Moat: None
Curaleaf tumbled 33.3% in November and declined 42.8% over the past year. Shares are 69.2% below their last high on April 30, 2024. The company’s stock has a Morningstar Rating of 5 stars and is trading at an 84% discount its fair value estimate of C$16.50.
Stella-Jones SJ
• Sector: Basic Materials
• Industry: Lumber & Wood Production
• Economic Moat: Not Rated
Stella-Jones slid 15.0%, having fallen 7.2% from one year ago. Shares are 27.0% below their last high on July 24, 2024. The company’s stock has a quantitative Morningstar Rating of 4 stars.
B2Gold BTO
• Sector: Basic Materials
• Industry: Gold
• Economic Moat: Not Rated
B2Gold fell 11.3%, having fallen 5.8% from one year ago. Shares are 15.7% below their last high on Oct. 21, 2024. The company’s stock has a quantitative Morningstar Rating of 3 stars.
Barrick Gold ABX
• Sector: Basic Materials
• Industry: Gold
• Economic Moat: None
Barrick Gold fell 8.4%, but was still up 5.3% from one year ago. Shares are 16.9% below their last high on Oct. 21, 2024. The company’s stock has a Morningstar Rating of 4 stars and is trading at an 18% discount to its fair value estimate of C$30.00.
Franco-Nevada FNV
• Sector: Basic Materials
• Industry: Gold
• Economic Moat: Not Rated
Franco-Nevada fell 7.2%, but was still up 14.2% from one year ago. Shares are 10.3% below their last high on Oct. 29, 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.
Keep Up to Date with the Most Important News
