Equity Research Associate - Metals & Mining

bmo; Toronto; On-site; CAD 110,000 - 130,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Retirement savings plan

Job summary

BMO Capital Markets is seeking an Equity Research Associate for the Metals and Mining coverage, based in Toronto. The role focuses on analyzing publicly traded metals & mining companies, building detailed financial models, and delivering timely research reports.

The ideal candidate has strong analytical skills, 3+ years of relevant experience, and proficiency in Excel (Pivot, VBA) with Bloomberg and financial modeling expertise. This is an in-office role in Toronto.

Qualifications

• Post-secondary degree in a related field; geology or engineering preferred.
• Master's degrees, CPA/CA and/or CFA charter-holders or those pursuing.

Responsibilities

• Conduct financial analysis of metals and mining companies.
• Assist senior analyst with industry and company analysis.
• Develop and maintain financial models to forecast performance.
• Analyze financial statements, market data and industry trends.
• Prepare research reports and investment recommendations.
• Monitor earnings and news for covered companies.
• Attend earnings calls and industry events.
• Develop large datasets of financial and industry data.
• Engage with sales, trading and clients; ensure compliance with policies.

Skills

Excel

Pivot tables

VBA

Python

Financial modeling

Valuation techniques

Written communication

Verbal communication

Attention to detail

Independent work

Education

Post-secondary degree in related field

Master's degree preferred

CPA/CA or CFA pursuing

Tools

Bloomberg

Excel

Word

PowerPoint

Job description

Application Deadline

11/14/2026

Address

100 King Street West

Job Family Group

Customer Solutions

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets

We are currently searching for an associate to join our team, covering Metals and Mining, and based in our Toronto office (this is an in-office and not a remote or hybrid role).

Description

The Equity Research Associate will support one of BMO's Metals and Mining Analyst in analyzing publicly traded companies, conducting industry research, and preparing detailed financial models and reports. This role is ideal for individuals with strong analytical skills and a passion for financial markets.

Key responsibilities include:

• Conduct thorough financial analysis of publicly traded companies within metals and mining.
• Assist senior analyst in conducting comprehensive industry and company analysis.
• Develop and maintain financial models to forecast company performance.
• Analyze financial statements, market data, and industry trends.
• Prepare detailed research reports, presentations, and investment recommendations.
• Monitor news, earnings releases, and other relevant information for covered companies and industries.
• Attend company earnings calls, conferences, and industry events.
• Develop, work with and maintain large data files of financial and industry data.
• Engage with sales, trading, and investment clients.
• Ensure compliance with all regulatory and firm policies.

Experience/Skills

A combination of exceptional writing skills, technical knowledge and skills in equity research, finance or accounting demonstrated through relevant work and educational experience is required. Candidates must have a clear and proven track record of achievement throughout the education and career. Prior experience in metals and mining strongly preferred .

Other necessary attributes include:

• Minimum of 3 years of relevant experience in industry and/or finance.
• Must have experience working in metals and mining.
• Strong analytical and quantitative skills.
• Expert proficiency in Excel, including experience with pivot tables, VBA macros, and handling large legacy files, is required. Knowledge of Python for data wrangling is a plus.
• Proficiency in financial modeling and valuation techniques.
• Excellent written and verbal communication skills.
• Strong attention to detail and organizational skills.
• Superior work ethic, self-motivated and the ability to work independently.
• Ability to systematically manage a heavy workload and meet stringent deadlines.
• Flexibility to work irregular or extended hours.
• A keen interest in Equity Research and metals and mining.
• Solid technology skills with robust knowledge of Excel, Word, PowerPoint, Bloomberg.

Education

Candidates should have:

• Post-secondary degree in a related field of study, preferably geology or engineering.
• Preference given to candidates with Master's degrees, CPA/CA and/or CFA charter-holders or those pursuing.

Salary

The salary range for this role is $110,000 up to $130,000 CAD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements)

This job posting is for a current vacancy.

Salary :

Pay Type:

Salaried

The above represents BMO Financial Group's pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group's expected target for the first year in this position.

BMO Financial Group's total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

• BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one - for yourself and our customers. We'll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opp