Equity Research Associate

Equity Research Associate - Metals and Mining (Toronto) Join to apply for the Equity Research Associate - Metals and Mining (Toronto) role at Stifel Financial Corp. 1 day ago Be among the first 25 applicants. Responsibilities Build and maintain Excel-based financial models, including income statements, balance sheets, cash flow statements, and discounted cash flow analysis. Develop written product with modest direction from the senior Research Analyst. Read, understand and assess both NI 43‑101 technical reports and financial statements. Have a rudimentary ability to follow and synthesize macroeconomic data as it pertains to precious and base metals pricing and outlook. Analyze information obtained from management to conceptualize and define operational problems. Perform validation and testing of models to ensure adequacy; reformulate models as necessary. Build and update comparable company sheets. Collaborate with the broader mining team on idea generation and combined written publications. Manage databases and electronic data services (Bloomberg, FactSet, CapIQ, etc.). Clearly state and defend the Analyst’s investment thesis and outlook for each of the stocks under coverage. Respond to basic questions from institutional sales and clients regarding covered companies and industry data requests. Evaluate basic valuation methodologies for stocks under coverage and the broader sector. Meet the special project demands of the senior Research Analysts. Use all resources to determine and locate relevant data. Continue to build industry knowledge and find avenues for independent investigation in the sector. Willing to occasionally travel to visit mining and exploration projects. Key Qualifications Excellent communication skills, both written and verbal. Skills in primary research, interviewing, and data gathering. Strong quantitative skills with comprehensive understanding of accounting, equity analysis, valuation, and financial modeling. Creativity with respect to investment analysis and a passionate interest in capital markets and the mining sector. Ability to work under a high‑pressure and time‑sensitive environment. Meticulous attention to detail while maintaining an ability to see the overall picture. Desire to join and help build a winning team. Education & Experience Undergraduate degree in business with a focus on finance and a robust understanding of the mining sector, or in Mining Engineering or Geology with a demonstrated understanding of financial concepts. Minimum 1–2 years full‑time equity research work experience or 2–4 years of industry experience. Advanced qualification (CFA, P. Eng, P. Geo, MBA, or CPA) would be an asset but not required. Systems & Technology Proficient in Microsoft Office Suite. Experience using Bloomberg, FactSet, or a similar platform. About Stifel Stifel Canada is a leading provider of investment banking services, including advisory and underwriting, institutional sales and trading, and research services. We offer a full suite of focused debt capital markets, equity capital markets, financial advisory, and investment services, delivering superior advice and execution to a broad range of corporate clients and institutional investors worldwide. Stifel Canada is a subsidiary of Stifel Financial Corp., a public (NYSE – SF) full‑service global investment bank with over 8,500 personnel operating in Canada, the United States, and Europe. At Stifel Canada we offer an entrepreneurial environment, competitive pay, and a comprehensive benefits package that includes health, dental, fertility, paramedical, and vision care, HCSA, wellness initiatives, life insurance, paid parental leave, and paid time off. Inclusiveness and Equal Opportunity At Stifel Canada we are committed to our vision of an equitable, diverse and inclusive finance industry where people of all genders, races, sexual orientations and abilities have equal opportunity to advance, succeed and lead. If you require accommodation for the recruitment process, please let us know and we will work with you to meet your needs. Applicants will be required to undergo a background check only if, and after, a conditional offer of employment has been extended. Seniority Level Entry level Employment Type Full‑time Job Function Finance and Sales #J-18808-Ljbffr