TipRanks Identifies the Top 10 Canadian Analysts of 2020
TORONTO, Jan. 27, 2021 /PRNewswire/ -- TipRanks, the world's leading analyst ranking service, has identified the top ten best performing analysts in the Canadian stock market in 2020.
The ranking was based on the analysts' ability to generate returns with their stock ratings and price targets. TipRanks' algorithms calculated the average return and statistical significance of each rating, as well as the analysts' overall success rate. Each rating made during 2020 was measured over three months.
This is the first time that TipRanks has announced the best Canadian analysts of the year. It added Canadian market coverage to its service in 2018.
Andrew Semple from Echelon Wealth Partners takes first place. Three Canaccord Genuity analysts feature on the list. Four out of the ten analysts have general market coverage, three cover the basic materials sector, one technology, one consumer goods, and one financial.
TipRanks CEO, Uri Gruenbaum, commented, "I am delighted that TipRanks has identified the top 10 Canadian analysts of 2020. While we are not an analyst endorsement platform, we are always excited to see those that generate excess returns and feel obligated to highlight them."
The top 10 Canadian analysts of 2020 are:
- Andrew Semple, Echelon Wealth Partners, General, 97% success rate, 47.70% average return per recommendation, 29 ratings
- Doug Taylor, Canaccord Genuity, Technology, 77% success rate, 31.50% average return per recommendation, 66 ratings
- Paul Quinn, RBC Capital, Consumer Goods, 75% success rate, 18.10% average return per recommendation, 100 ratings
- Rob Goff, Echelon Wealth Partners, General, 68% success rate, 49.70% average return per recommendation, 50 ratings
- Tom Gallo, Canaccord Genuity, General, 75% success rate, 24.40% average return per recommendation, 67 ratings
- Dalton Baretto, Canaccord Genuity, Basic Materials, 69% success rate, 17.70% average return per recommendation, 108 ratings
- Chris Thompson, PI Financial, Basic Materials, 60% success rate, 33.60% average return per recommendation, 60 ratings
- Hamir Patel, CIBC, Basic Materials, 74% success rate, 22.40% average return per recommendation, 53 ratings
- Andrew Partheniou, Stifel Nicolaus, General, 88% success rate, 53.40% average return per recommendation, 17 ratings
- Mario Mendonca, TD Securities, Financial, 89% success rate, 16.30% average return per recommendation, 37 ratings
About TipRanks:
TipRanks is a leading fintech company founded in 2012 with the goal of bringing transparency to the markets. TipRanks has developed the world's first Financial Accountability Engine ™ that tracks and measures events including analyst ratings, social media activity, corporate filings, and news analysis. TipRanks owns and operates the www.TipRanks.com website serving more than 2 million investors and provides proprietary datasets to the tier one banks and online brokers including TD Ameritrade, ETrade, Nasdaq, Saxobank, Santander, eToro and many others.
TipRanks is backed by top tier VC's and industry leaders including former AG and governor of NY Eliot Spitzer, Finance Professor Roni Michaely, Poalim Capital Markets, PryTek and others. TipRanks was named one of the world's 50 Fintech "Emerging Stars" by KPMG and H2 Ventures.
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