Top Canadian Stock Gainers and Losers of June 2023

West Fraser Timber, Canfor and Bombardier stocks jump, while Canopy Growth, Tilray and Saputo stocks plunge.

Ruth Saldanha 4 July, 2023 | 9:57AM
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Top Stock Gainers in June 2023

West Fraser Timber WFG rallied 24.67% in June 2023, leaving the stock up 17.23% for the year. The company’s stock ended the month with a Morningstar Rating of 3 stars, trading close to our $125 fair value estimate, though it is still off from its $132.9 52-week high.

Canfor Corp CFP jumped 23.92% in June, rising 11.59% from the start of the year. The company’s stock ended the month with a 3-star rating, trading near our fair value estimate of $27.

Bombardier BBD.A climbed 21.35% during the month, lifting shares 24.95% for the year to date.

Air Canada AC jumped 16.61% for the month, and is up 28.88% for the year so far. The company’s stock ended the month with a 2-star rating, trading at a 37% premium to its fair value estimate of $18.3.

BRP DOO gained 16.23% last month. The stock is up 8.83% year-to-date. The company’s stock ended the month with a Morningstar Rating of 4 stars, trading at a 13% discount to its fair value estimate.

Top Stock Losers in June 2023

Canopy Growth WEED fell 54.87% in June, leaving the stock down 83.76% for the year.

Saputo SAP declined 14.98%, leaving the stock down 10.38% for the year. The company’s stock ended the month with a 2-star rating, trading at a 12% premium to its fair value estimate.

Tilray Brands TLRY fell 8.89% for the month, and the stock is down 44.14% year-to-date.

Brookfield Renewable BEPC 8.27% in June, and it is up 14.59% from the start of the year. The company’s stock ended the month with a 3-star rating, trading close to its fair value estimate of $44.

Canadian Tire CTC lost 8.18% for the month of June, and is up 16.58% for the year to dare.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Air Canada Shs Voting and Variable Voting19.90 CAD1.63Rating
Bombardier Inc Registered Shs -A- Multiple Vtg Conv57.19 CAD0.16
Brookfield Renewable Corp Ordinary Shares - Class A (Sub Voting)22.89 USD2.46Rating
BRP Inc94.04 CAD-1.40Rating
Canadian Tire Corp Ltd251.00 CAD0.62
Canfor Corp14.21 CAD-1.46Rating
Canopy Growth Corp10.79 CAD-1.10Rating
Saputo Inc25.95 CAD1.05Rating
Tilray Brands Inc1.72 USD-0.58Rating
West Fraser Timber Co.Ltd107.41 CAD0.93Rating

About Author

Ruth Saldanha

Ruth Saldanha  is Editorial Manager at Morningstar.ca. Follow her on Twitter @KarishmaRuth.

 
 
 

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