Canaccord Genuity Group Inc. Reports Fourth Quarter and Fiscal 2025 Results
Canaccord Genuity Group Inc., a prominent financial services company listed on the Toronto Stock Exchange, recently disclosed its financial results for the fourth quarter and fiscal year 2025. The company, which operates in the capital markets sector, reported a loss per share of 0.01 CAD for the quarter ending March 31, 2025. This figure represents an improvement from the loss of 0.070 CAD per share reported in the same quarter of the previous year. The company’s revenue for the quarter was reported at 461.2 million CAD.
Despite the reported loss, Canaccord Genuity’s full-year revenue saw a significant increase of 19.5%, driven primarily by growth in its wealth management segment. This growth highlights the company’s strategic focus on expanding its wealth management services, which has been a key driver of its financial performance.
In other developments, Canaccord Genuity has made several adjustments to its stock price targets and ratings. The company lowered its stock price target for Cibus following an equity raise, and similarly adjusted its target for Bark Inc. to $2.00. Additionally, Canaccord Genuity reaffirmed its buy recommendation for Vericel with a target price of 61 USD.
The company also made changes to its ratings for several other stocks. It downgraded Adriatic Metals amid takeover talks and reduced its rating for CrowdStrike, although it increased the price target for the latter. Cresco Labs’ stock was also downgraded due to competitive pressures.
On the technical front, Canaccord Genuity Group’s shares crossed above the 200-day moving average, trading at 9.59 CAD, which is above the 52-week low of 7.45 CAD but below the 52-week high of 11.5 CAD.
As of June 4, 2025, the company’s closing price was 9.65 CAD, with a market capitalization of 968.9 million CAD. The price-to-earnings ratio stands at -20.83, reflecting the company’s recent financial performance.
These updates provide a comprehensive overview of Canaccord Genuity Group’s recent financial results and strategic adjustments in its stock evaluations.