Investment Dealer Raymond James Ltd. Tuesday announced its Canadian equity analysts’ best picks list for 2012.

The list highlights 10 individual stocks of Canadian companies that Raymond James analysts expect will produce superior results during the upcoming year.

The 10-analyst-selected stocks are:

  • Alamos Gold Inc. (TSX:AGI)
  • Bird Construction Inc. (TSX:BDT)
  • Domtar (NYSE:UFS; TSX:UFS)
  • Eldorado Gold Corp. (NYSE:EGO; TSX:ELD)
  • Fortress Paper (TSX:FTP)
  • Legacy Oil & Gas Inc. (TSX:LEG)
  • Lumina Copper Corp. (TSXV:LCC)
  • Methanex (NASDAQ:MEOH; TSX:MX)
  • Secure Energy Services Inc. (TSX:SES)
  • Shoppers Drug Mart (TSX:SC)

“The Raymond James Canadian research team is proud of our long-term stock picking record, with the annual best picks list delivering a simple average holding period return of 18.5% over the past 9 years, outpacing the S&P/TSX small cap index by 7.5% on the same basis,” says Daryl Swetlishoff, head of research at Raymond James Ltd. “With the pronounced market volatility amid macro uncertainty, the results for 2011 were, however, less encouraging with a holding period return of -34.1% compared to -11.8% for the S&P/TSX small cap index.”

Swetlishoff reminds investors that individual results will vary and transaction costs related to investing in these stocks will affect overall performance “These stocks represent a current snapshot of our analysts’ best ideas; however, we continue to encourage investors to focus on risk adjusted returns and appropriate asset allocation while investing over the long term,” he says.