Top Canadian Stock Gainers and Losers of November 2023

Shopify led the charge in November, while Lithium Americas lost the most.

Ruth Saldanha 1 December, 2023 | 4:10AM
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Top Stock Gainers for November 2023

Software company Shopify SHOP led the charge, up an eye-watering 55% in November. It is up 111% this year.

Second on the list of gainers is Curaleaf Holdings CURA stock, which lost the most in October. In November, it gained 29.4%.

T-shirt and apparel maker Gildan Activewear GIL gained 29% in November and is up over 33% for the year. Cannabis company Green Thumb Industries GTII stock also continued oscillating, going from October’s loser list to last month’s winner side of the table. It gained 26.4% in November and is up 16% for the year.

Rounding off the list of the gainers in November is lumber company Canfor Corp CFP which gained over 22% last month. We still think the stock is undervalued, and you can read more about it here.

Top Stock Losers in November 2023

In November the loser list was mixed across sectors. The top loser for the month was Lithium Americas LAC down 5.68% for the month. You can read more about it here

The second largest loser was packaging firm Saputo SAP which lose a little over 4% in November but is still up over 50% year-to-date.

The next stock on the losers list is toy maker Spin Master TOY which is down 3.5% for the month, despite a successful movie launch. The stock is flat for the year. You can read more about it here.

The fourth biggest loser for November in our Canadian coverage universe is Bausch and Lomb BLCO which lost 2.5%. It is up close to 2% for 2023 so far but is undervalued by more than 30% relative to our fair value estimate.

Rounding off the list is fertilizer firm Nutrien NTR which lost close to 2% in November.  

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Bausch & Lomb Corp20.44 CAD-1.21Rating
Canfor Corp14.82 CAD-0.47Rating
Curaleaf Holdings Inc5.35 CAD-2.73Rating
Gildan Activewear Inc52.04 CAD0.81Rating
Green Thumb Industries Inc15.43 CAD-0.13Rating
Lithium Americas Corp3.82 CAD-0.39Rating
Nutrien Ltd69.21 CAD-1.58Rating
Saputo Inc29.46 CAD0.31Rating
Shopify Inc Registered Shs -A- Subord Vtg89.50 CAD-3.70Rating
Spin Master Corp Shs Subord Voting29.46 CAD1.10Rating

About Author

Ruth Saldanha

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

 
 
 

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