Bankers Petroleum Ltd., Petroamerica Oil Corp. and Aura Minerals Inc. headline the list of Raymond James’ 13 best picks for 2011.
Based on analyst price targets, the best pick list for next year is expected to average a total return of 54% over the next twelve months. Bankers is expected to gain 168%, Petroamerica, 142% and Aura 115%. North American Energy Partners Inc., meanwhile, has the lowest expected return of 11%.
“These stocks represent a current snapshot of our analysts’ best ideas, however, we continue to encourage investors to focus on risk adjusted returns and appropriate asset
allocation while investing over the long term,” said Daryl Swetlishoff, head of investment research at Raymond James, in a note to clients.
Also on the 2011 list are: CGI Group Inc., Domtar Corp., Eldorado Gold Corp., Fortress Paper Ltd., Genivar Income Fund, Great Basin Gold Ltd., Groupe Aeroplan Inc., McCoy Corporation, Paladin Energy Ltd.
In the second half of 2010 (from July 27 to Dec 2), Raymond James’ 13 analyst-selected stocks for 2010 returned 24.9% on average compared to 22.5% for the S&P/TSX SmallCap Index.
