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NYSE:CGC

Canopy Growth Stock Forecast, Price & News

$28.18
+1.53 (+5.74 %)
(As of 12/2/2020 12:00 AM ET)
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Today's Range
$26.71
Now: $28.18
$28.58
50-Day Range
$17.76
MA: $22.29
$29.00
52-Week Range
$9.00
Now: $28.18
$29.44
Volume6.56 million shs
Average Volume6.55 million shs
Market Capitalization$10.48 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.25
Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, CraftGrow, and Foria brand names. It also offers its products through Tweed Main Street, a single online platform that enables registered patients to purchase medicinal cannabis from various producers across various brands. Canopy Growth Corporation has a clinical research partnership with NEEKA Health Canada to investigate the efficacy of cannabinoids for the treatment of post-concussion neurological diseases in former NHL players; and partnership with Parent Action on Drugs. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation is headquartered in Smiths Falls, Canada.
Canopy Growth logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.86 out of 5 stars


Industry, Sector and Symbol

Industry Medicinals & botanicals
Sub-IndustryCannabis
SectorMedical
CUSIPN/A
CIKN/A
Phone855-558-9333
Employees4,434

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$297.34 million
Cash Flow$1.87 per share
Book Value$10.23 per share

Profitability

Net Income$-993,370,000.00
Net Margins-312.84%

Miscellaneous

Market Cap$10.48 billion
Next Earnings Date2/12/2021 (Estimated)
OptionableOptionable
$28.18
+1.53 (+5.74 %)
(As of 12/2/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Canopy Growth (NYSE:CGC) Frequently Asked Questions

How has Canopy Growth's stock price been impacted by COVID-19 (Coronavirus)?

Canopy Growth's stock was trading at $13.35 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CGC shares have increased by 111.1% and is now trading at $28.18.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Canopy Growth?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last year. There are currently 3 sell ratings, 10 hold ratings, 3 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Canopy Growth
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Canopy Growth?

Wall Street analysts have given Canopy Growth a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Canopy Growth wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Canopy Growth's next earnings date?

Canopy Growth is scheduled to release its next quarterly earnings announcement on Friday, February 12th 2021.
View our earnings forecast for Canopy Growth
.

How were Canopy Growth's earnings last quarter?

Canopy Growth Corp (NYSE:CGC) posted its quarterly earnings data on Thursday, November, 12th. The marijuana producer reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.14. The marijuana producer had revenue of $135.30 million for the quarter, compared to the consensus estimate of $118.49 million. Canopy Growth had a negative net margin of 312.84% and a negative return on equity of 13.11%. Canopy Growth's revenue was up 76.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.08) EPS.
View Canopy Growth's earnings history
.

What price target have analysts set for CGC?

17 equities research analysts have issued 12 month price targets for Canopy Growth's shares. Their forecasts range from $21.10 to $40.00. On average, they anticipate Canopy Growth's stock price to reach $30.01 in the next twelve months. This suggests a possible upside of 6.5% from the stock's current price.
View analysts' price targets for Canopy Growth
.

Who are some of Canopy Growth's key competitors?

What other stocks do shareholders of Canopy Growth own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Canopy Growth investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), General Electric (GE), Aurora Cannabis (ACB), Cronos Group (CRON), Canopy Growth (WEED), Tilray (TLRY), KushCo (KSHB) and Advanced Micro Devices (AMD).

Who are Canopy Growth's key executives?

Canopy Growth's management team includes the following people:
  • Mr. Bruce A. Linton, Co-Founder, Chairman & Co-CEO (Age 52)
  • Mr. Mark Anthony Nicholas Zekulin, Pres & Co-CEO
  • Mr. Timothy Rob Saunders, Exec. Officer
  • Mr. Rade Kovacevic, Exec. VP
  • Mr. Mike Lee, Acting Chief Financial Officer

What is Canopy Growth's stock symbol?

Canopy Growth trades on the New York Stock Exchange (NYSE) under the ticker symbol "CGC."

Who are Canopy Growth's major shareholders?

Canopy Growth's stock is owned by a variety of institutional and retail investors. Top institutional investors include Morgan Stanley (0.41%), The Manufacturers Life Insurance Company (0.29%), Swiss National Bank (0.26%), Toronto Dominion Bank (0.24%), TD Asset Management Inc. (0.20%) and JPMorgan Chase & Co. (0.20%). Company insiders that own Canopy Growth stock include Phillip Stephen Shaer, Rade Nikola Kovacevic and Tomas Iv Shipley.
View institutional ownership trends for Canopy Growth
.

Which institutional investors are selling Canopy Growth stock?

CGC stock was sold by a variety of institutional investors in the last quarter, including LPL Financial LLC, Banco Bilbao Vizcaya Argentaria S.A., BNP Paribas Arbitrage SA, Commonwealth Equity Services LLC, Swiss National Bank, Truist Financial Corp, Guggenheim Capital LLC, and IHT Wealth Management LLC. Company insiders that have sold Canopy Growth company stock in the last year include Phillip Stephen Shaer, Rade Nikola Kovacevic, and Tomas Iv Shipley.
View insider buying and selling activity for Canopy Growth
.

Which institutional investors are buying Canopy Growth stock?

CGC stock was acquired by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, Contrarius Investment Management Ltd, Morgan Stanley, Alberta Investment Management Corp, Point72 Asset Management L.P., Great West Life Assurance Co. Can, JPMorgan Chase & Co., and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp.
View insider buying and selling activity for Canopy Growth
.

How do I buy shares of Canopy Growth?

Shares of CGC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Canopy Growth's stock price today?

One share of CGC stock can currently be purchased for approximately $28.18.

How big of a company is Canopy Growth?

Canopy Growth has a market capitalization of $10.48 billion and generates $297.34 million in revenue each year. The marijuana producer earns $-993,370,000.00 in net income (profit) each year or $1.32 on an earnings per share basis. Canopy Growth employs 4,434 workers across the globe.

What is Canopy Growth's official website?

The official website for Canopy Growth is www.canopygrowth.com.

How can I contact Canopy Growth?

Canopy Growth's mailing address is 1 HERSHEY DRIVE, SMITH FALLS A6, K7A0A8. The marijuana producer can be reached via phone at 855-558-9333 or via email at [email protected]

This page was last updated on 12/3/2020 by MarketBeat.com Staff

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