TipRanks identifies the 10 best Canadian analysts based on their success rate and average returns generated through stock recommendations. The list highlights analysts like Michael Siperco from RBC Capital, Jeremy Hoy from Canaccord Genuity, and Mike Parkin, who have delivered impressive returns for investors.
Analysts play a key role in the stock market by providing investors with recommendations based on thorough research and analysis. Their expertise helps in assessing a company’s financial health and growth potential, aiding investors in making proper decisions. Importantly, a few analysts surpass their peers with their stock-picking abilities and deliver notable returns through their recommendations.
Topping the list is Michael Siperco from RBC Capital, with an impressive overall success rate of 70.7% and an average return of 16.5%. Notably, his most remarkable rating was on Coeur Mining , a precious metals mining company. His Buy recommendation on CDE stock, spanning February 13, 2024 to May 13, 2024, yielded a return of 104.3%.
Mike Parkin bags the third spot on the list, with an 82% overall success rate and an average return of 14%. His best recommendation was on Kinross Gold , a Canadian-based gold and silver mining company. The analyst’s Buy call on K stock generated a stellar 61.8% return between February 20, 2024, and May 20, 2024.
Dalton Baretto is placed fifth on the list. The analyst has a 74% overall success rate and a 10.2% average return per rating. Baretto’s best recommendation was on Magna Mining , a Canadian copper and nickel mining company. The analyst’s Buy call on NICU stock generated a stellar 102.3% return between February 21, 2024, and May 21, 2024.
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