Empowering Investors for over 20 years
Veritas is Canada's Leading
Independent Equity Research Firm
Our Mission is to Seek the Truth from the Facts
Darryl McCoubrey, Vice President, Partner, Utilities & Infrastructure Analyst, and Dimitry Khmelnitsky, Vice President, Partner, Head of Accounting & Special Situations
We Outperform
Our recommendations to Buy stocks have outperformed the S&P/TSX Composite by more than 300 basis points, while the Sell recommendations have underperformed by more than 400 basis points since March 1999.
Find out more about our Track Record.
We Are Independent
We provide investment research you can trust. We do not have investment banking or trading revenue or biases. That means we are only paid by the clients who read our research or receive our training. We call it the Veritas Way.
Find out more about our Investment Approach.
We Stand Up For Investors
We are the voice of investors and study accounting like no other. We have served on national and international accounting standards and regulatory advisory boards, taught at business schools and regularly are cited by major media outlets.
Find out more about Our Team.
We have many subscription options appropriate for all types of investors.
Contact our Sales Team to discuss your equity research needs. Contact Sales
Analysts Presentation
NEW WEBINAR
Brookfield: Sifting Through Complexities
With Dimitry Khmelnitsky and Ben Butler
Dimitry Khmelnitsky, Head of Accounting & Special Situations, and Benjamin Butler, Investment Analyst Utilities & Special Situations, will present their outlook for Brookfield Corp. (BN), Brookfield Asset Management Ltd. (BAM) and relevant affiliates.
Both BN and BAM are currently rated with SELL recommendations.
Tuesday, January 21
2:00 PM to 4:00 PM ET
Giving Back
Holiday Food Drive
Thank you to all the donors of our holiday food drive for Weston Area Emergency Support (WAES) . We raised more than $4,600. With the money raised, Veritas employees, family and friends went shopping to donate the food directly to WAES.
The need is urgent. In October and November, WAES had over 3,400 visits, up 20% from last year. This equates to over 4,000 more visits this year to date.
Veritas has raised $17,500 in previous food drives for WAES.
Find Out More
Veritas family and friends shopping for donations to give to the Weston Area Emergency Support.
Our Track Record
What is the V-List?
Veritas' track record is measured through our V-List, a model portfolio that has outperformed the S&P/TSX Composite Index by 289 basis points annually (as of December 31, 2024, from inception on October 31, 2004).
The V-List is a concentrated portfolio of 12 to 25 companies recommended by Veritas Investment Research as the best investment opportunities drawn from our firm’s research.
Stocks are selected based on their liquidity, lower volatility and potential for long-term capital appreciation, using bottom-up fundamental analysis and a strict review of accounting and disclosure practices to identify companies with defensible competitive advantages and the ability to generate meaningful cash flow.
V-List Model Portfolio vs S&P/TSX Index Since 2004 Inception
Returns greater than 1-year are presented as compound annual growth rates. *V-List inception October 30, 2004.
Showcasing Independent Research
Here is the replay from our Veritas Virtual Open House earlier this year. In it, you will meet our Co-founder and CEO, Anthony Scilipoti, and learn a little more about his vision for independent research and why it's so important to investors. You'll also meet Darryl McCoubrey, our Head of Research, to learn a little more about the Veritas methodology behind our investment research and what goes into making our investment recommendations.
Finally, you'll meet two of our analysts, Dan Fong and Shalabh Garg, who share some of their past successful picks and views on their sectors. Please contact sales if you'd like to learn more about subscribing to our research.
December 4, 2024
Lundin gold expands Ecuador drilling capacity
Martin Pradier, our Materials Sector Analyst. appeared on BNN Bloomberg to provide his insights on Lundin Gold Inc.'s (TSX: LUG) drilling in Ecuador. Up 111% for the year to date, Lundin Gold has been one of Martin's TOP PICKS for its rising production, high grades and low costs. The company has a 100%-owned gold mine called Fruta del Norte (FDN) in Ecuador but has been drilling at a nearby site called Bonza Sur and announced more successful drilling results this week. Martin visited the area recently and wrote a report last month for our clients about the company's prospects to double production over the next five to six years.
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Groupe Dynamite Inc. - Consumer Discretionary
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Brookfield Business Partners L.P. - Industrials
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Lundin Gold Inc. - Materials
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Our Affiliated Companies
The Veritas Group of Companies
Veritas Investment Research Corp., Veritas Asset Management Inc. and The Veritas Foundation
are owned by the Veritas Group of Companies, which is 100% employee-owned.
Veritas Asset Management Inc.
Veritas Asset Management was founded on the belief that superior research leads to better investment decisions. Our funds capitalize on the successful research of our affiliate Veritas Investment Research Corp.
Sam LaBell, Veritas Asset Management Advising Representative, Director
Our portfolios offer concentrated, high-conviction positions in companies identified through our research and due diligence work, applying a disciplined and systematic selection process.
Through our research, we identify opportunities to profit from mispriced securities, either by buying top-quality companies for long-term capital appreciation or through long-short hedging strategies. While our portfolios are primarily focused on Canadian equities, our portfolio managers also consider opportunities beyond Canada.
Veritas Foundation
The Veritas Foundation aims to be Canada's authoritative source for participating in the country's charitable sector and evaluating its effectiveness and impact. Our vision is to foster a thriving Canadian charitable sector.
Mark S. Bonham, Veritas Foundation Executive Director