Top Canadian Stock Gainers and Losers of October 2023

Gold brought in gold for investors’ portfolios, with Kinross, Barrick and Agnico topping the gainers list, while the top five losers are all cannabis.

Ruth Saldanha 2 November, 2023 | 9:13AM
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Top Stock Gainers for October 2023

Gold led the charge for the gainers in October, with Kinross Gold K stock leading the pack of the top stock gainers under our coverage in Canada. The stock was up nearly 17% last month and is up 33% for the year so far.

Barrick Gold ABX stock was the next highest gainer, up 12.2% for the month. However, the stock is still down nearly 3% since the start of the year.

Fairfax Financial Holdings FFH gained 8.7% last month, and it is now trading at one-star, which means we believe it is overvalued. It is up 46% for the year.

Agnico Eagle Mines is the third gold company to make the gainers list this month, up 5.3% in October, reversing some losses. It is now down 5% for the year.

Our fifth top gainer is uranium producer Cameco Corp CCO stock, which was up 5.2% in October. The stock has gained an eye-watering 84% since the start of the year. 

 

Top Stock Losers in October 2023

In October Cannabis stocks lost again, with all the top five stocks that lost the most being in the sector.

Among the stocks in our coverage universe, Curaleaf Holdings CURA stock lost the most, down over 34% for the month.

The next stock that lost the most is the Canopy Growth WEED stock, which was our top gainer for September. The stock lost 25.71% in October, and is down over 75% year-to-date.

Green Thumb Industries GTII stock  revered its gains from last month, ending the month down 23.5%. It is down 4% so far this year.

Tilray brands TLRY was one of the worst performers both last month and this, losing another 23% this month after losing 18.84% in September.

Rounding off the list is the Aurora Cannabis ACB stock, which lost 22.7% for the month. 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Agnico Eagle Mines Ltd87.39 CAD1.52Rating
Aurora Cannabis Inc9.01 CAD12.06Rating
Barrick Gold Corp23.38 CAD1.56Rating
Cameco Corp66.34 CAD-0.49
Canopy Growth Corp10.79 CAD21.10Rating
Curaleaf Holdings Inc6.96 CAD-2.79Rating
Fairfax Financial Holdings Ltd Shs Subord.Vtg1,504.59 CAD1.44Rating
Green Thumb Industries Inc17.74 CAD-2.47Rating
Kinross Gold Corp8.97 CAD1.47Rating
Tilray Brands Inc2.39 CAD0.84Rating

About Author

Ruth Saldanha

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

 
 
 

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