Canoe EIT Income Fund (TSE:EIT.UT)

TSX:EIT.UT

EIT.UT

Canoe EIT Income Fund

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Canoe EIT Income Fund (EIT.UT) Price & Analysis

428 Followers

EIT.UT Stock Chart & Stats

C$15.71

Market closed

C$15.71

Day’s Range― - ―

52-Week RangeC$15.00 - C$17.26

Previous CloseN/A

VolumeN/A

Average Volume (3M)172.19K

Market Cap

N/A

Enterprise ValueC$3.29B

Total Cash (Recent Filing)C$76.77M

Total Debt (Recent Filing)C$256.12M

Price to Earnings (P/E)7.9

Beta0.56

Next Earnings

Aug 26, 2026

EPS EstimateN/A

Next Dividend Ex-DateN/A

Dividend Yield7.63%

Share Statistics

EPS (TTM)1.52

Shares Outstanding189,728,360

10 Day Avg. Volume210,798

30 Day Avg. Volume172,189

Financial Highlights & Ratios

PEG Ratio-0.18

Price to Book (P/B)0.95

Price to Sales (P/S)7.62

P/FCF Ratio297.00

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price TargetN/A

Price Target UpsideN/A

Rating ConsensusN/A

Number of Analyst Covering0

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

Bulls Say, Bears Say

Bulls Say

Conservative Balance SheetLow leverage and growing equity/assets give the fund financial flexibility during market stress. A modest debt load reduces financing risk for a closed-end income vehicle, supporting sustained distributions and the ability to hold positions through volatility without forced sales.

Income-focused, Diversified MandateA clear, income-oriented mandate focused on dividend-paying, mature sectors creates structural cash-generation potential and lowers earnings cyclicality versus growth strategies. Diversified sector exposure and active management help preserve yield and manage downside over multi-month horizons.

Improving Revenue TrendAccelerating revenue indicates stronger underlying investment returns or income capture, which can support distributions and NAV recovery. Sustained top-line improvement over several quarters would translate into more reliable distributable cash flow for an income fund.

Bears Say

Weak Cash ConversionPersistent weak or volatile cash generation versus accounting income implies distributions may rely on realized gains or return of capital in down markets. This undermines distribution durability and increases reinvestment pressure if market income softens.

Volatile Reported EarningsLarge year-to-year swings in net income reflect market-driven valuation and realized gain variability. For an income fund, such volatility reduces predictability of distributable income and makes long-term cashflow planning and target yields less reliable.

Uneven Returns On EquityInconsistent ROE suggests performance is highly sensitive to market cycles or manager timing. That variability increases investor risk in a fund relying on active portfolio management to deliver income and capital gains over a multi-month horizon.

EIT.UT FAQ

What was Canoe EIT Income Fund’s price range in the past 12 months?

Canoe EIT Income Fund lowest stock price was C$15.00 and its highest was C$17.26 in the past 12 months.

What is Canoe EIT Income Fund’s market cap?

Currently, no data Available

When is Canoe EIT Income Fund’s upcoming earnings report date?

Canoe EIT Income Fund’s upcoming earnings report date is Aug 26, 2026 which is in 109 days.

How were Canoe EIT Income Fund’s earnings last quarter?

Currently, no data Available

Is Canoe EIT Income Fund overvalued?

According to Wall Street analysts Canoe EIT Income Fund’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Canoe EIT Income Fund pay dividends?

Canoe EIT Income Fund pays a Monthly dividend of C$0.1 which represents an annual dividend yield of 7.63%. See more information on Canoe EIT Income Fund dividends here

What is Canoe EIT Income Fund’s EPS estimate?

Canoe EIT Income Fund’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Canoe EIT Income Fund have?

Canoe EIT Income Fund has 189,728,360 shares outstanding.

What happened to Canoe EIT Income Fund’s price movement after its last earnings report?

Currently, no data Available

Which hedge fund is a major shareholder of Canoe EIT Income Fund?

Currently, no hedge funds are holding shares in TSE:EIT.UT

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Canoe EIT Income Fund

Canoe EIT Income Fund is a closed-ended balanced fund launched and managed by Canoe Financial LP. It is co-managed by Haber Trilix Advisors, LP. The fund invests in the public equity and fixed income markets of Canada and the United States. Its equity portion seeks to invest in the stocks of companies operating across diversified sectors. The fund primarily invests in growth and value stocks of mid-cap and large-cap companies. It invests in equity and debt securities of royalty and income trusts, corporations, partnerships, or other issuers. The fund was formerly known as EnerVest Diversified Income Trust. Canoe EIT Income Fund was formed on August 5, 1997 and is domiciled in Canada.