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 Voting17.15 CAD-1.38Rating
Bombardier Inc Registered Shs -A- Multiple Vtg Conv110.04 CAD-0.37Rating
Brookfield Renewable Corp Ordinary Shares - Class A (Sub Voting)30.03 USD1.32Rating
BRP Inc80.39 CAD0.41Rating
Canadian Tire Corp Ltd230.00 CAD0.00
Canfor Corp17.38 CAD1.58Rating
Canopy Growth Corp5.54 CAD1.47Rating
Saputo Inc28.72 CAD0.21Rating
Tilray Brands Inc1.63 USD2.52Rating
West Fraser Timber Co.Ltd139.02 CAD0.83Rating

About Author

Ruth Saldanha

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

 
 
 

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