Best Stock Options this February 2026 in Canada

Cameco stands out as a prime uranium producer capitalizing on the growing demand for nuclear energy, boasting impressive one-year returns of 150.51% and a remarkable five-year return of 962.11%. With a modest dividend yield of 0.20%, it remains an attractive choice for investors looking to benefit from structural demand tailwinds in the industry. Recent analyst ratings, including a consensus "Buy" from five analysts, suggest continued confidence in its growth potential, with a price target forecasting a 79.42% upside.

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

The average 12-month price 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 signals from both short and long-term moving averages, suggesting it is a good long-term investment.

Gildan Activewear, a consumer cyclical company, is currently trading at a 33% discount to its fair value estimate of $128, making it an appealing choice for value-focused investors. With a solid dividend yield of 1.62% and impressive returns of 24.10% over the past year and 180.80% over five years, this stock demonstrates strong growth potential. Analysts are optimistic, with a consensus rating of B+, as reflected in recent recommendations from BMO Capital and UBS which maintain their "Outperform" and "Buy" ratings, respectively.

Gildan Activewear (GIL) has a Zacks Rank of #2 (Buy), indicating positive analyst sentiment, with earnings estimates for the year up by 18.8% over the past three months.

Northland Power, a notable player in power generation, has been recognized as one of February 2025's top performers. With an attractive dividend yield of 5.84% and a consensus rating of Moderate Buy, the stock showcases solid analyst support, including multiple Outperform ratings from National Bank Financial Inc. Although its one-year return stands at 10.30%, the five-year performance has seen a significant decline of 59.78%, indicating potential volatility for investors to consider.

Northland Power has a consensus rating of 'Moderate Buy' based on 4 buy ratings, 4 hold ratings, and no sell ratings, with an average price target of C$22.56.

Over the past year, Northland Power (NPI) has seen a -0.36% change, with a 52-week price range of C$15.96 to C$25.99.

The average 12-month price target for Northland Power is C$23.17, indicating a potential upside of 22.64% from its current price of C$18.89, with targets ranging from C$19.00 to C$27.00.

Rogers Communications stands out as a communication services company with a narrow economic moat and a robust market position. Currently, it offers a dividend yield of 3.95% and has delivered a solid one-year return of 19.23%, although its five-year return reflects a decline of 19.64%. With a consensus rating of Moderate Buy from analysts, Rogers is seen as a more favorable investment compared to its peers in the business services sector.

Analysts rate Rogers Communications as a Moderate Buy, which is more favorable than the average Hold rating for other business services companies.

RCI has a bullish consensus from 10 Wall Street analysts, with a median price target of $39.26, suggesting a potential upside of 6.4% from its current price of $36.90.

While Rogers stock doesn't currently offer rapid dividend growth, it has potential for improved cash flow and a safer dividend as integration risks decrease.

Brookfield Asset Management, a leading player in infrastructure and asset management, has shown resilience with a 27% increase from its 52-week lows, showcasing its diversified revenue streams. Currently, the stock offers a dividend yield of 3.33% and has a one-year return of -17.71%, contrasted by a robust five-year return of 57.84%. With a consensus rating of "Moderate Buy" from 20 Wall Street analysts, it remains an attractive option for investors looking for stability in the asset management sector.

Brookfield Asset Management (BAM) has a consensus rating of 'Moderate Buy' from 20 Wall Street analysts, with 2 sell ratings, 8 hold ratings, 8 buy ratings, and 2 strong buy ratings.

BAM's all-time high closing price was $62.21 on July 24, 2025, while its 52-week high is $64.10 and the 52-week low is $41.78.

Analysts have a neutral consensus on BAM with a median price target of $61.00, suggesting a potential upside of 15.6% from the current price of $52.78.

TMX Group has shown impressive performance with a 1-year return of 11.51% and an outstanding 5-year return of 107.93%. This financial data and stock exchange operator, recognized for its strong analyst ratings, is particularly appealing for investors seeking reliable income, as it offers a dividend yield of 1.61%. With a consensus price target averaging C$66.89 from six Wall Street analysts, TMX Group continues to be a solid choice in the market.

X stock has a median price target of $55.00 from 21 Wall Street analysts, indicating a 0.3% upside from its current price of $54.84.

The average price target for TMX Group is C$66.89, with a potential upside of 31.65% from its last price of C$50.81.

RB Global stands out as a strong investment choice, boasting a remarkable 21.53% return over the past year and an impressive 108.95% over the last five years. With a dividend yield of 1.06%, it offers reliable income to investors, backed by positive analyst recommendations, including a "Buy" from B of A Securities and an "Outperform" from RBC Capital.

Ritchie Bros. Auctioneers has positive buy signals from both short and long-term moving averages, indicating a favorable outlook for the stock.

RB Global, Inc. (RBA) offers a dividend yield of 1.1%, meaning investors receive $1.10 annually for every $100 invested, with a payout ratio of 58.01%.

RBA has a consensus analyst rating of Buy, with 17% recommending Strong Buy and 83% recommending Buy.

Wheaton Precious Metals shines as a leading precious metals streaming company, boasting a remarkable 138.66% return over the past year, fueled by rising gold and silver prices. With a dividend yield of 0.66%, the company has attracted favorable attention from analysts, earning a consensus rating of "Buy" with notable upgrades from RBC Capital to "Outperform." This makes Wheaton an attractive option for investors seeking exposure to precious metals and consistent performance in a dynamic market.

Wheaton Precious Metals (WPM) has a consensus rating of Buy from 6 analysts, with 17% recommending Strong Buy, 67% recommending Buy, and 17% suggesting Hold.

WPM's only stock split occurred on December 21, 2004, when it executed a 1-for-5 split, resulting in investors receiving 1 new share for every 5 shares held.

Wheaton Precious Metals' main competitors include Agnico Eagle Mines (AEM), Barrick Gold (ABX), Franco-Nevada (FNV), Pan American Silver (PAAS), and Alamos Gold (AGI).

WPM's implied volatility is currently 41.6, placing it in the 89th percentile, indicating it has been more volatile than 89% of the past year, although it is slightly below its 20-day moving average.

An attractive option for investors seeking stable income, Canadian National Railway is currently trading at a 7.7% discount to its fair value estimate of $147. With a dividend yield of 2.62% and a five-year return of 5.15%, it demonstrates solid performance, especially compared to competitor CP, which has underperformed over the past year. Analysts recognize the company's potential, with ratings ranging from Equal Weight to Outperform, suggesting a favorable outlook for long-term investors.

Over the past 12 months, CP has underperformed CNR, with returns of -7% for CP compared to a 6% decline for CNR.

CNR is a decent option for dividend investors, especially if freight volumes increase and market sentiment shifts towards long-term growth stocks.

Great-West Lifeco has shown impressive growth, with a 14.4% increase in February 2025 and a solid year-over-year performance of 33.4%. Investors can benefit from a dividend yield of 5.61%, although the stock's one-year return stands at only 3.93%, reflecting some challenges in the recent past. Despite this, the company is anticipated to grow earnings and revenue at rates of 6.4% and 4.3% per annum, making it a suitable choice for those seeking reliable income from a financially healthy company.

Great-West Lifeco reported record Q3 results, with a 30% year-over-year increase in EPS and strong base earnings growth, making it a potentially attractive investment.

Great-West Lifeco's stock closed at C$64.75, showing a return of 46.0% over the past year and 116.0% over the past three years.

Great-West Lifeco is expected to grow earnings and revenue by 6.4% and 4.3% annually, with EPS growth projected at 8.4% per year and a return on equity of 17.6% in three years.

Analysts have an average twelve-month price target of C$64.33 for Great-West Lifeco, with a high of C$73.00 and a low of C$57.00, indicating a potential downside of -2.30% from the current price of C$65.85.

Thomson Reuters presents a compelling investment opportunity, currently trading at a significant 22.3% discount to its fair value estimate of $233. With a dividend yield of 1.76% and a solid 5-year return of 51.79%, it has the potential for recovery, especially as analysts maintain positive ratings, including "Outperform" from CIBC and "Overweight" from Wells Fargo.

TRI is currently trading near the bottom of its 52-week range and has dropped 0.66%, or $0.82, since the last market close.

The average 12-month price target for TRI, based on 10 Wall Street analysts, is $179.91, with a potential range between $160.00 and $210.00, indicating a possible 48.65% upside from its current price of $121.03.

In the past 12 months, TRI has underperformed the S&P 500, with a return of -24% compared to the S&P 500's +15% growth.

Nutrien stands out as a financially healthy basic materials company, currently offering a dividend yield of 3.58%. With a robust one-year return of 26.50% and a five-year return of 46.13%, it has garnered a bullish consensus among analysts, reflected in its B+ rating and price targets ranging from $55.00 to $82.05. Investors can find confidence in the stock's positive signals from both short and long-term moving averages, suggesting strong growth potential ahead.

NTR has buy signals from both short and long-term moving averages, indicating a positive forecast for the stock.

NTR has a bullish consensus from 36 Wall Street analysts, with a median price target of $67.50, suggesting a 1.7% upside from its current price of $66.38.

The average price target for Nutrien Ltd is $67.78, with estimates ranging from $60.00 to $77.00, indicating a slight decrease from the current price of $68.68.

Nutrien is projected to maintain free cash flow above $2.1 billion over the next decade, with estimates reaching approximately $2.23 billion by 2029.

TC Energy operates a robust natural gas pipeline and energy infrastructure network, making it an appealing choice for investors seeking reliable income through established dividends. With a dividend yield of 4.50% and a solid one-year return of 19.27%, the stock shows promise, bolstered by favorable analyst ratings from RBC Capital and BMO Capital, both maintaining an outperform and market perform rating, respectively. Additionally, technical indicators suggest a positive outlook, supporting the view that TC Energy could be a strong long-term investment.

The suitability of TRP as a long-term investment varies based on valuation methods; it has shown a 1.8% decline year-to-date but a 19.2% increase over the past year.

TRP refers to TC Energy Corp, which is traded on the Toronto Stock Exchange.

Current signals indicate that TC Energy Corporation (TRP) is a buy, as short-term moving averages are above long-term averages, suggesting positive momentum.