3 Canadian Stocks to Sell

These names are looking a little expensive right now.

Andrew Willis 11 August, 2021 | 2:35AM
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Sale

Broad markets have made a strong recovery from the depths of early 2020, but some names have rebounded a bit too much. In Canada, a few companies have already started correcting this year, and with no – or only narrow – economic moats to fend off competition, they may need to correct further to find buyers.

Tailwinds to gold prices, declining cost advantages and a limited auction market for expensive equipment have caught the attention of investors in these names year to date:

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Agnico Eagle Mines Ltd64.09 CAD-1.00Rating
Ritchie Bros Auctioneers Inc61.98 USD-0.93Rating
Saputo Inc32.18 CAD-0.59Rating

About Author

Andrew Willis

Andrew Willis  is Content Editor for Morningstar.ca. Follow him on Twitter @AndrewWillisCDN.

 

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