In this article, we will discuss the 5 High Growth Canadian Stocks to Buy Now. For deeper discussion and analysis, read 10 High Growth Canadian Stocks to Buy Now.
5. Alamos Gold Inc. (NYSE:AGI)
Expected 5-year EPS Growth: 41.28%
On April 8, Canaccord raised its price target on Alamos Gold Inc. (NYSE:AGI) to C$80 from C$72 and maintained a Buy rating following strong fourth-quarter results. The company delivered record EBITDA, all-in sustaining cost margins, and free cash flow, benefiting from higher gold prices and disciplined operating execution. Those metrics are particularly important because they show Alamos is not merely riding commodity prices — it is converting favorable conditions into real shareholder value.
Earlier, on February 26, BofA also raised its price target on Alamos Gold Inc. (NYSE:AGI) to $57 from $48 while maintaining a Buy rating after revising metal price forecasts higher for 2026. Dual analyst upgrades reinforce the market’s view that Alamos is among the better-positioned North American gold producers.
The investment case for Alamos Gold Inc. (NYSE:AGI) is compelling because it combines production growth with financial discipline. Island Gold’s expansion is expected to materially increase output while lowering unit costs, potentially driving margin expansion even if gold prices remain stable. If gold prices continue rising amid inflation concerns, central bank buying, or geopolitical uncertainty, Alamos could benefit disproportionately due to its strong operating leverage.
Unlike many miners that struggle with debt or cost overruns, Alamos has built a reputation for prudent management, balance-sheet strength, and consistent execution. For investors seeking exposure to precious metals with lower operational risk and meaningful upside potential, Alamos Gold stands out as an excellent high growth Canadian stock to buy now.
Alamos Gold Inc. (NYSE:AGI) is a Canadian-based mid-tier producer focused on gold exploration, development, and mining, with operations in Canada and Mexico. Founded in 2003 and headquartered in Toronto, the company’s key assets include the Island Gold and Young-Davidson mines in Canada as well as the Mulatos district in Mexico. These are high-quality, long-life assets located in relatively attractive mining jurisdictions.
4. Boyd Group Services Inc. (NYSE:BGSI)
Expected 5-year EPS Growth: 46.55%
On April 14, Stephens lowered its price target on Boyd Group Services Inc. (NYSE:BGSI) to $157 from $200 while keeping an Overweight rating. The firm adjusted estimates to reflect storm-related softness in Q1 and current expectations around the Joe Hudson acquisition completed in January. Importantly, the positive rating signals continued confidence that Boyd can grow through temporary industry noise.
Earlier, on April 3, Goldman Sachs lowered its price target on Boyd Group Services Inc. (NYSE:BGSI) to $165 from $172 while maintaining a Neutral rating, citing caution on the pace of recovery in the collision repair industry. While near-term industry demand may fluctuate, deferred repairs and long-term vehicle complexity trends often support stronger future demand.
The investment case for Boyd Group Services Inc. (NYSE:BGSI) is built around scale, consolidation, and recurring demand. Auto accidents are an unfortunate but consistent reality, and modern vehicles are becoming more technologically advanced and expensive to repair. That favors large, sophisticated operators like Boyd that can handle ADAS calibrations, insurer relationships, and national service standards.
Boyd Group Services Inc. (NYSE:BGSI) is a leading North American operator of non-franchised collision repair centers and auto glass businesses. Founded in 1990 and headquartered in Winnipeg, Manitoba, the company operates under well-known brands including Gerber Collision & Glass in the U.S. and Boyd Autobody & Glass / Assured Automotive in Canada. It also owns Gerber National Claims Services, a third-party administrator serving insurers.
3. Lionsgate Studios Corp. (NYSE:LION)
Expected 5-year EPS Growth: 48.94%
On April 16, Baird analyst Vikram Kesavabhotla raised the firm’s price target on Lionsgate Studios Corp. (NYSE:LION) to $14 from $12 while maintaining an Outperform rating. The updated target reflects growing confidence following changes to the CEO’s employment agreement and continued progress as a standalone content company.
Earlier, on March 23, Citi analyst Jason Bazinet raised his price target to $11 from $9 and kept a Buy rating. Citi noted that investors may increasingly evaluate Lionsgate Studios Corp. (NYSE:LION) through a strategic lens following the Starz separation and elimination of the dual-class share structure. The firm’s transaction analysis suggested Lionsgate could be worth $13.50 per share in a sale scenario, implying meaningful upside from prior trading levels.
In a media world hungry for proven franchises and evergreen libraries, Lionsgate Studios Corp. (NYSE:LION)’s content portfolio could become increasingly valuable. The company also benefits from recurring licensing revenue and optional upside from new theatrical hits or streaming deals. For investors seeking a turnaround and potential acquisition story with real underlying assets, Lionsgate Studios looks like an intriguing high growth Canadian stock to buy now.
Lionsgate Studios Corp. (NYSE:LION) is a major Canadian-American entertainment company operating as a pure-play film and television content producer. Since May 2024, it has traded separately following its spin-off from Starz Entertainment, though Starz remains a significant shareholder. Headquartered in Santa Monica, California, Lionsgate owns one of the industry’s most valuable content libraries and franchises, including globally recognized film and television brands.
2. Eldorado Gold Corporation (NYSE:EGO)
Expected 5-year EPS Growth: 52.13%
On April 15, BMO Capital analyst Brian Quast lowered the firm’s price target on Eldorado Gold Corporation (NYSE:EGO) to C$82 from C$98 while maintaining an Outperform rating. Although the target was reduced, the continued bullish rating suggests confidence in Eldorado’s long-term value proposition despite recent market volatility. Analysts often trim targets to reflect commodity price swings, project timing, or broader market multiples rather than deterioration in the core business.
The day before, TD Securities lowered its price target on Eldorado Gold Corporation (NYSE:EGO) to $40 from $45 and kept a Hold rating, citing concerns that the Foran Mining transaction appeared relatively expensive and near-term dilutive. While acquisitions can pressure sentiment initially, they can also strengthen future production pipelines and reserve bases when executed strategically. Investors focused solely on short-term dilution may be overlooking the long-term benefits of asset expansion and optionality.
For investors bullish on gold and copper, Eldorado provides an attractive blend of precious-metals exposure, geographic diversification, and project upside. If gold prices remain elevated and Skouries progresses smoothly, the stock could see substantial re-rating potential. With a growing production base and long-life assets, Eldorado Gold appears to be an appealing mining stock to buy for long-term upside.
Eldorado Gold Corporation (NYSE:EGO) is a Canadian mining company that explores, develops, and operates gold and base metal mines with primary assets in Canada, Turkey, and Greece. Founded in April 1992 and headquartered in Vancouver, British Columbia, the company owns a diversified portfolio including Lamaque, Kisladag, Olympias, Efemcukuru, and the highly important Skouries project in Greece.
1. TransAlta Corporation (NYSE:TAC)
Expected 5-year EPS Growth: 55.02%
On April 16, CIBC analyst Mark Jarvi lowered the firm’s price target on TransAlta Corporation (NYSE:TAC) to C$24 from C$25 while maintaining an Outperformer rating. The small target reduction paired with a bullish rating indicates that analysts still see meaningful upside in the shares despite near-term market adjustments.
On March 24, National Bank upgraded TransAlta Corporation (NYSE:TAC) to Outperform from Sector Perform with a C$22 price target, citing the company’s potential for double-digit growth through 2029. The firm pointed to net load growth in Alberta, a recovery in power prices toward the mid-$80s per megawatt hour, and expected progress on the Keephills power plant as major catalysts. It also sees opportunity in coal-to-gas conversions beginning in 2026.
Unlike many pure renewable plays that still struggle with profitability, TransAlta Corporation (NYSE:TAC) combines clean-energy growth with established cash-generating assets. This gives management flexibility to return capital, reduce debt, and invest in new projects. For investors seeking income potential, energy transition exposure, and undervalued utility-style cash flow, TransAlta appears to be a strong stock to buy.
TransAlta Corporation (NYSE:TAC) is a major Canadian electricity producer that develops, owns, and operates a diversified portfolio of hydro, wind, solar, battery storage, and natural gas generation assets. Incorporated in 1909 and headquartered in Calgary, Alberta, the company has spent years repositioning itself away from coal and toward cleaner, more efficient energy sources.
While we acknowledge the potential of TAC as a high growth Canadian stock to buy now, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TAC and that has 100x upside potential, check out our report about this cheapest AI stock.
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