In this article, we will take a look at the 5 Most Profitable Canadian Stocks to Buy Now. For a deeper discussion and an extended list, please see the 10 Most Profitable Canadian Stocks to Buy Now.
5. Bank of Montreal (NYSE:BMO)
On February 25, Raymond James reaffirmed its Outperform rating on Bank of Montreal (NYSE:BMO) with a CAD$214 price target. The bank reported a robust quarter, with ongoing growth in market-sensitive sectors.
Bank of Montreal (NYSE:BMO) reported adjusted earnings per share of CAD$3.48, exceeding the forecast of CAD$3.23. This sparked a 7.74% surprise for investors. Revenue also crossed expectations, reaching CAD$9.82 billion vs. a forecast of CAD$9.43 billion.
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BMO’s Canadian Personal & Commercial Banking segment achieved a 7% increase year-over-year in revenue, led by robust expansion in personal and commercial operating deposits and strong chequing account activity. Meanwhile, U.S. Banking reported revenue of $2.11 billion, up 2% amid currency challenges, owing to strong deposit growth and improved operating leverage.
Looking ahead, BMO expects earnings per share to range between $2.40 and $2.72 in the coming quarters, with full-year fiscal 2026 revenue of $27.88 billion and fiscal 2027 revenue of $28.93 billion.
Bank of Montreal (NYSE:BMO) is a Canadian financial institution that provides personal and commercial banking, wealth management, global markets, and investment banking products and services.
4. Cameco Corporation (NYSE:CCJ)
On March 2, Cameco Corporation (NYSE:CCJ) presented its outlook at the 47th Annual Raymond James Institutional Investor Conference, with the company pointing out the nuclear energy market’s solid long-term fundamentals.
Cameco Corporation (NYSE:CCJ) stressed a tightening supply-demand balance, adding that 3.1 billion pounds of uranium demand will stay uncontracted through 2045, with substantial supply gaps. A lack of investment and dependence on Russian supply raises further risks, potentially supporting higher prices.
Moreover, the company’s MacArthur River mine is projected to produce 14.5-16 million pounds this year, with potential for an increase in critical assets. Cameco’s stake in Westinghouse Electric Company also has the potential to generate $400-600 million in EBITDA per reactor from new build projects.
Cameco Corporation (NYSE:CCJ) is one of the world’s largest uranium suppliers, with operations anchored by high-grade reserves and low-cost production. The company also maintains exposure across the nuclear fuel cycle through strategic investments, including stakes in Westinghouse Electric Company and Global Laser Enrichment.
3. Canadian Natural Resources Limited (NYSE:CNQ)
Scotiabank increased its price target for Canadian Natural Resources Limited (NYSE:CNQ) to CAD$62 from CAD$58, while retaining a Sector Outperform rating on the company’s shares. The firm noted solid results from the company’s mining and upgrading operations in Q4 2025, which resulted in the company producing 7% cash flow per share and beating production by 1%.
Moreover, the company recorded adjusted net earnings of CAD$7.4 billion for the fiscal year 2025, highlighting the efficiency of its integrated activities. This performance was aided by a considerable drop in net debt, which fell by CAD$2.7 billion to CAD$16 billion by the year’s end.
Looking ahead, Canadian Natural Resources Limited (NYSE:CNQ) has forecasted continuous growth in 2026. The company intends to sustain its production pace with an adjusted production range of 1,615,000 to 1,665,000 BOEs per day. In addition, Canadian Natural has restructured its capital program to focus on high-return projects, with a capital budget of CAD$6 billion for 2026.
Canadian Natural Resources Limited (NYSE:CNQ) is a Canadian energy company focused on the exploration, development, and production of crude oil, natural gas, and natural gas liquids.
2. Franco-Nevada Corporation (NYSE:FNV)
On March 12, H.C. Wainwright increased its price target for Franco-Nevada Corporation (NYSE:FNV) to $305 from $285, while keeping a Buy rating on the company’s shares.
The company generated $1.9 billion in revenue for the year, resulting in a net income of $1.1 billion. The company profited from high production at major properties such as Antamina and Antapaccay.
Franco-Nevada Corporation (NYSE:FNV) issued a positive outlook for the coming quarters, with FY2026 EPS expectations ranging from $1.67 to $1.75 each quarter and annual sales projections of $2.77 billion.
The mining company expects total GEOs of 510,000 to 570,000 in 2026, representing a 4% rise at the midpoint from the reported amount in 2025. Cote Gold, Porcupine, and Valentine Gold will make an impact for the first full year, driving the upside. Salares Norte and Greenstone’s continuous expansion, as well as recent acquisitions, will also help to drive growth.
Franco-Nevada Corporation (NYSE:FNV) is a Canadian mining company that specializes in gold royalties and streaming. The company’s business model is built on royalties and streams from mining activities, which provide stable, predictable revenue.
1. Lululemon Athletica Inc. (NASDAQ:LULU)
On March 18, Truist Securities reduced its price target for Lululemon Athletica Inc. (NASDAQ:LULU) shares to $170 from $200, keeping a Hold rating. The firm highlighted persistent uncertainty over the company’s CEO search as the main driver for the price target adjustment. The athletic gear retailer is under interim leadership for now as it looks for a new CEO.
Meanwhile, on March 17, Jefferies reiterated its Hold rating on Lululemon Athletica Inc. (NASDAQ:LULU) and set a $170 price target on the company’s shares. The company announced fourth-quarter comparable revenue growth of 3% and EPS of $5.01, exceeding estimates.
The company’s gross margin declined by about 550 basis points year-over-year, while inventory remained high at 18% above the previous year’s levels. The company provided revenue projections for fiscal 2026 of $11.35 billion to $11.5 billion, which exceeded the average estimate of $11.04 billion.
Lululemon Athletica Inc. (NASDAQ:LULU), a Canadian athleisure company founded in 1998, designs, develops, and distributes a variety of sportswear, accessories, and footwear.
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