Four companies are added to RBC quantitative analyst’s list of top 40 Canadian stock picks

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Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow

RBC Capital Markets analyst Bish Koziol has added four stocks and removed four from his quantitatively driven Top 40 list. Stocks are chosen by a ranking system gauging valuations, price momentum, growth and earnings predictability.

First Quantum Minerals Ltd., Dundee Precious Metals Inc., iA Financial Corp and Magna International Inc. were removed.

RB Global Inc., Toronto-Dominion Bank, Altagas Ltd. and Bank of Nova Scotia were added.

The list as it now stands includes Canadian Natural Resources, Enerplus Corp., Cenovus Energy Inc., Imperial Oil Ltd, Trican Well Service Ltd., Pason Systems Inc., Ovintiv Inc., Suncor Energy Inc., ARC Resources Ltd., Stella-Jones Inc., Teck Resources Ltd., Labrador Iron Ore Royalty, Toromont Industries Ltd., TFI International Inc., Thomson Reuters Corp., Ritchie Bros. Auctioneers Inc., Richelieu Hardware…

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