Top Small Cap Stocks to Watch: AGI, Canaccord, MDA Space, AutoCanada, Sienna

Small-cap stocks have been making headlines recently, and several companies are poised for significant movements in the coming days. The S&P/TSX Small Cap Index has shown a remarkable performance, rising approximately 35% over the past year. As of its record close of 1,179.02 on October 15, this index reflects strong investor interest in smaller capitalized companies.

Key Small-Cap Stocks to Watch

• MDA Space Ltd. (MDA-T)
• Ag Growth International Inc. (AFN-T)
• Canaccord Genuity Group Inc. (CF-T)
• AutoCanada Inc. (ACQ-T)
• Sienna Senior Living Inc. (SIA-T)

MDA Space Ltd. (MDA-T)

MDA Space recently reported third-quarter results revealing a revenue increase to $409.8 million, up from $282.4 million year-over-year. This performance exceeded analyst expectations. However, net income decreased to $24.4 million, translating to 19 cents per share compared to 24 cents last year. Despite these challenges, MDA anticipates revenue growth for 2025 in the range of $1.57 billion to $1.63 billion, marking a potential year-over-year increase of approximately 48%.

Ag Growth International Inc. (AFN-T)

Ag Growth is facing scrutiny after postponing its third-quarter results. Initially set for release on November 14, the company has delayed these results due to issues regarding its Brazilian operations. This has raised concerns among analysts, leading to predictions of stock pressure, with estimations of a potential 15% decline due to the uncertainty surrounding its financial reporting.

Canaccord Genuity Group Inc. (CF-T)

Canaccord revealed a non-cash impairment charge of $110 million in its U.S. capital markets division. The company is also grappling with increased provisions related to ongoing regulatory matters in the U.S. Despite these setbacks, Canaccord recorded an adjusted revenue of $530.4 million, surpassing expectations. Analysts remain cautiously optimistic regarding the company’s future, citing ongoing improvements in its wealth management segment.

AutoCanada Inc. (ACQ-T)

AutoCanada reported a revenue decline of 15% to $1.2 billion, missing expectations. This downturn has been attributed to decreased sales across various sectors. The company incurred a net loss of $2.9 million, contrasting with a profit of $27.2 million from the previous year. Despite the challenges, interim CEO Samuel Cochrane emphasized cost-reduction initiatives aimed at achieving long-term profitability.

Sienna Senior Living Inc. (SIA-T)

Sienna reported better-than-expected revenue growth of 16.4%, totaling $261.7 million. This positive performance is largely driven by increased occupancy rates in retirement homes. The company also noted a significant rise in its net operating income, highlighting advantages in its long-term care segment through higher funding and revenue streams from acquisitions.

As these small-cap stocks navigate challenges and opportunities, investors will be closely monitoring their performance in the upcoming trading sessions. Key earnings dates and business developments will play a crucial role in shaping market expectations.