Atb Cap Markets Forecasts Higher Earnings for Canopy Growth

Canopy Growth Co. (NASDAQ:CGC - Free Report) - Analysts at Atb Cap Markets lifted their Q3 2025 earnings per share estimates for shares of Canopy Growth in a note issued to investors on Monday, December 16th. Atb Cap Markets analyst F. Gomes now forecasts that the company will post earnings of ($0.48) per share for the quarter, up from their previous estimate of ($0.49). Atb Cap Markets has a "Strong Sell" rating on the stock. The consensus estimate for Canopy Growth's current full-year earnings is ($2.38) per share. Atb Cap Markets also issued estimates for Canopy Growth's FY2027 earnings at ($3.08) EPS, FY2028 earnings at ($14.38) EPS and FY2029 earnings at ($10.27) EPS.

Canopy Growth Trading Down 4.2 %

Shares of CGC traded down $0.12 during mid-day trading on Thursday, reaching $2.71. The company had a trading volume of 4,977,213 shares, compared to its average volume of 7,444,928. The stock has a market cap of $295.24 million, a price-to-earnings ratio of -0.55 and a beta of 0.83. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.82. The firm has a fifty day simple moving average of $4.08 and a 200-day simple moving average of $5.42. Canopy Growth has a fifty-two week low of $2.71 and a fifty-two week high of $14.92.

Hedge Funds Weigh In On Canopy Growth

Several hedge funds and other institutional investors have recently made changes to their positions in CGC. Mackenzie Financial Corp boosted its holdings in Canopy Growth by 13.2% in the 2nd quarter. Mackenzie Financial Corp now owns 33,165 shares of the company's stock worth $214,000 after acquiring an additional 3,864 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Canopy Growth by 19.9% in the second quarter. Commonwealth Equity Services LLC now owns 55,566 shares of the company's stock valued at $358,000 after purchasing an additional 9,226 shares during the period. TD Asset Management Inc grew its holdings in Canopy Growth by 16.1% during the 2nd quarter. TD Asset Management Inc now owns 74,758 shares of the company's stock valued at $483,000 after purchasing an additional 10,376 shares in the last quarter. Sassicaia Capital Advisers LLC purchased a new stake in Canopy Growth during the 3rd quarter worth $54,000. Finally, PFG Investments LLC acquired a new position in Canopy Growth in the 3rd quarter worth $54,000. Institutional investors and hedge funds own 3.33% of the company's stock.

Canopy Growth Company Profile

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.