Best Stock Investments For Beginners this February 2026 in Canada

Cameco (CCO.TO) is a top-rated uranium producer poised to capitalize on the increasing demand for nuclear energy, reinforced by long-term contracts and a stake in Westinghouse. With a remarkable one-year return of 150.51% and a five-year return of 962.11%, this stock has garnered a consensus Buy rating from multiple analysts, indicating strong market confidence. Investors seeking exposure to a growth sector may find Cameco an attractive option, especially with an average price forecast suggesting significant upside potential.

CCO has a consensus rating of 'Buy' from 5 analysts.

The average 12-month stock forecast for Cameco Corp (CCO.TO) is 209.26 CAD, indicating a potential upside of 79.42%, with a forecast range of 126.52 to 308.01 CAD.

Cameco Corporation stock shows positive buy signals from both short and long-term moving averages, suggesting a favorable long-term outlook.

Granite Real Estate Investment Trust (GRT.UN.CA) stands out as an attractive option for conservative investors, boasting a solid dividend yield of approximately 4% and a remarkable 15-year track record of increasing dividends. With a one-year return of 24.09% and a five-year return of 13.52%, this REIT emphasizes consistent income and financial stability. Recently rated B+ by analysts at RBC Capital, who maintain an "Outperform" outlook, GRT.UN.CA represents a reliable choice for those seeking dependable cash flow from financially healthy investments.

Descartes Systems Group (DSG.TO) stands out as a growth stock with a solid foundation, boasting recurring revenues and high margins, while targeting an annual growth rate of 10-15%. Despite experiencing a 33.94% decline over the past year, it has delivered impressive returns of 38.64% over the last five years. Analysts have a favorable outlook, with a price target of CAD 155.58, indicating potential for recovery and value for long-term investors.

Analysts predict a price target of 155.58 CAD for DSG stock, with estimates ranging from a low of 132.38 CAD to a high of 175.57 CAD.

DSG refers to The Descartes Systems Group Inc, a leader in providing software-as-a-service solutions for logistics-intensive businesses.

Fortis (FTS.TO) stands out as a reliable choice for investors, showcasing a solid 3.44% dividend yield backed by 52 years of consecutive dividend growth. With a remarkable 41.49% return over the past five years and a one-year return of 16.99%, it’s particularly appealing for those seeking stable income from financially healthy companies. Analysts maintain a cautious yet positive outlook, with RBC Capital rating it as Sector Perform and Credit Suisse holding a Neutral stance.

FTS stock refers to shares of Fortis Inc., which are traded on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE) under the symbol FTS.

Analysts project an average price target of $52.88 for Fortis, with estimates ranging from $46.00 to $57.67, indicating a potential increase of 0.92% from the last closing price of $52.40.

AltaGas Ltd (ALA.CA) is a defensive utility stock that combines a robust U.S. utility business with expanding midstream operations in Canada, making it an appealing choice for investors seeking consistent income through a dividend yield of 3.06%. With a strong focus on cash flow generation and prudent debt management, analysts rate ALA as a 'Buy', highlighting its undervaluation by 36.1% compared to its intrinsic value. Delivering impressive returns of 22.79% over the past year and 120.08% over five years, AltaGas is well-positioned for continued growth, backed by a projected annual dividend growth of 5-7%.

AltaGas is a strong long-term investment due to its solid cash flows, effective debt management, and growth initiatives in Canada and the US.

ALA stock is currently undervalued by 36.1%, with a market price of 41.58 CAD compared to its intrinsic valuation.

The average 12-month price target for ALA stock is C$47.72, indicating a potential increase of 16.71% from its last price of C$40.89.

Canadian National Railway (CNR.TO) stands out as a strong contender in the transportation and logistics sector, particularly with its established presence in Canada’s energy and communications markets. Offering a dividend yield of 2.62%, the company presents a potential for growth despite a recent one-year return of -11.01%. Analysts maintain a positive outlook, with Citigroup rating it a "Buy" and CIBC upgrading to "Outperform," making it an attractive option for investors seeking reliable income and dividend growth potential.

Over the past 12 months, CNR has outperformed CP, with CNR experiencing a 6% drop compared to CP's 7% decline.

CNR is a decent option for dividend investors, especially if freight volumes improve, potentially leading to higher stock demand.

Emphasizing its diversified approach in aerospace, aviation, and manufacturing, Exchange Income Corp. (EIF.TO) presents an appealing investment opportunity. With a 2.72% dividend yield and impressive returns of 73.63% over the past year and 169.02% over five years, EIF shows strong growth potential, particularly with mid-teens growth anticipated in 2026. Analysts maintain a favorable outlook, with ratings ranging from "Buy" to "Outperform," highlighting its attractiveness for dividend-focused portfolios.

EIF offers a strong yield and diversified income, making it appealing for dividend-focused investors, but its long-term viability depends on its ability to manage macroeconomic challenges and maintain cash flow.

Analysts have a consensus rating of 'Strong Buy' for EIF, with price targets ranging from C$80.00 to C$107.00, suggesting a potential increase from the current price of C$95.79.

Exchange Income Corporation (EIF.TO) is a diversified, acquisition-oriented company with segments in Aerospace & Aviation and Manufacturing.

Investing in EIF carries company-specific risks, such as potential drops in stock price due to earnings misses or management decisions; diversifying investments can help mitigate this risk.