Is CIBC a reliable analyst?

In short — Over 1 year, 45.5% of CIBC's targets proved profitable, for an average gain of +13.7% per call (all calls, winners and losers) — i.e. +4.5% vs its sector, across 11 timestamped calls replayed against real prices. JPI verdict: mixed reliability. An analyst can be good in one sector and poor in another — details below.

45.5%profitable calls

+13.7%avg gain / call

+4.5%vs sector

11scored calls

The stocks CIBC covers (track record per stock)

Stock

Calls

% profitable

Avg gain 2015+

Avg gain 2020+

Last 12 months

▸ NEM Newmont

100%

+55.3%

+20.3%

-1.7% (2)

Stock	Rating	Issued	Matures (1yr)	Price at call	Target	End price	Targeted	Result
NEM	▲ Outperformer	Apr 21, 26	Apr 21, 27	$111.85	🎯$176	$95.06	+57%	-15% so far
NEM	▲ Outperformer	Oct 10, 25	Oct 10, 26	$85.14	🎯$112	$95.06	+32%	+12% so far
NEM	▲ Outperformer	Jul 10, 24	Jul 10, 25	$47.17	🎯$61	$59.91	+29%	+27.5%
NEM	▲ Outperformer	Feb 24, 20	Feb 23, 21	$50.26	🎯$58	$56.79	+15%	+13.1%
NEM	▲ Outperform	Jul 24, 15	Jul 23, 16	$17.8	—	$40.05	—	+125.5%
NEM	▼ Sector Underperform	Jul 10, 13	Jul 10, 14	$26.61	—	$25.55	—	+4.4%

% profitable = share of its calls that made money (1 year). Avg gain / call = average absolute gain per call (winners and losers). Point-in-time, S&P 500 backtest.