CI Financial: Stocks Analysts Recently Downgraded on TSX (CIX)
CI Financial Corp is among the group of Toronto Stock Exchange stocks recently downgraded by analysts. This means each stock on this list has seen its averge consensus value drop in the last week so at least one analyst has downgraded their view on these stocks.
This report is generated monthly. It displays the number of analysts along with their buy-hold-sell ratings for the company. A company is included in this list when its mean rating decreases from the previous week. Stocks in this category are generally sold to preserve capital.
Companies can get downgraded for a number of reasons - but primarily due to reduced future earnings potential due to loss of contracts, new faltering product lines or increasing costs relative to revenue or financial risk.
| Symbol | Name | Buy | Out Perform | Hold | Under Perform | Sell | No Opinion | Mean Rating | Prev Mean Rating | Mean Label |
|---|---|---|---|---|---|---|---|---|---|---|
| FM | First Quantum Minerals Ltd | 0 | 1 | 5 | 0 | 0 | 0 | 3.1667 | 3.5556 | Hold |
| ERF | Enerplus Corp | 3 | 2 | 1 | 0 | 3 | 0 | 3.2222 | 4.6 | Hold |
| CIX | CI Financial Corp | 1 | 0 | 4 | 0 | 0 | 0 | 3.4 | 3.5 | Hold |
| SSRM | SSR Mining Inc | 1 | 1 | 6 | 0 | 0 | 0 | 3.375 | 3.625 | Hold |
| KSI | kneat.com Inc | 1 | 4 | 0 | 0 | 0 | 0 | 4.2 | 4.25 | Outperform |
All data provided as of February 22, 2024.
More about CI Financial Corp
CI Financial is a diversified provider of wealth management products and services, primarily in the Canadian market. The company had CAD 119.0 billion in core assets under management, another CAD 278.5 billion in wealth management assets under advisement, and CAD 23.4 billion in assets under custody at the end of September 2023, making it one of the largest nonbank affiliated asset managers in Canada.
CI Financial Corp is listed under CIX on the Toronto Stock Exchange.
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