Bright outlook... The Globe and Mail attempts to identify Canadian stocks that are expected to generate the highest returns over the next year in its Wednesday, Jan. 23, edition. The Globe's David Parkinson writes in the Number Cruncher column that with the help of Morningstar Canada consultant Craig McGee they looked at analysts consensus 12-month price targets for S&P/TSX composite index constituents, and compared them with current prices to determine the percentage change in share price implied by those consensus targets. They then added in the expected dividend yields, to get a forecast total return for the next 12 months. The stocks on Mr. McGugan's list are forecast to generate an average total return of 52 per cent in the next year. The median return is a more modest 35 per cent. Either way, that suggests Mr. McGugan's picks would deliver a home run for investors. Mr. McGugan warns that high hopes for big growth and (by extension) stock appreciation can often also come with significant risk and volatility. Stock expected to generate the highest returns over the next year are Rubicon Minerals, Premier Gold Mines, Colossus Minerals, Gabriel Resources, Bankers Petroleum and Wil-LAN.