Top pick Barrick Mining just raised its dividend a whopping 140% as it generates record earnings and continues its strategic asset reorganization.
Warner Music Group Corp. is well-positioned for higher-margin catalog revenues, added streaming adoption, and new AI monetization opportunities.
ARC Resources keeps returning its cash flow to shareholders through a growing dividend and substantial share buybacks.
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IAMGOLD $3.72 (Toronto symbol IMG; TSINetwork Rating: Speculative) (1-888-464-9999; www.iamgold.com; Shares outstanding: 405.9 million; Market cap: $1.5 billion; No dividends paid) owns 41% of the Sadiola mine in Mali; 90% of the Essakane mine in Burkina Faso; 100% of the Westwood mine in Quebec; and 95% of the Rosebel mine in Suriname, South America. It also owns 92.3% of the Cote gold project in Ontario. In the three months ended December 31, 2015, IAMGold’s revenue fell 12.6%, to $238.2 million from $272.5 million a year earlier. (All figures except share price and market cap in U.S. dollars.) Cash flow per share dropped to $0.02 from $0.25. Lower gold prices and production caused the declines. IAMGold’s long-term production outlook is positive. Meantime, the company holds a high $691.3 million in cash and gold bullion. Most of that cash came from the $500 million sale of its Niobec niobium mine in Quebec’s Saguenay-Lac-Saint-Jean region in early 2015. When used as an additive, niobium makes steel stronger, more heat-resistant and easier to weld....
ALAMOS GOLD $7.83 (Toronto symbol AGI; TSINetwork Rating: Speculative) (604-681- 2802; www.alamosgold.com; Shares outstanding: 268.2 million; Market cap: $2.1 billion; Dividend yield: 0.3%) owns the Mulatos and El Chanate mines in Mexico and the Young-Davidson mine in northern Ontario. In the three months ended December 31, 2015, Alamos’s gold production rose 5.7%, to a record 104,734 ounces from 99,083 a year earlier. However, lower gold prices offset the higher production. That caused the company’s cash flow per share to fall to $0.07 from $0.22 (all figures except share price in U.S. dollars). Alamos holds cash of $289.6 million. The company’s outlook is positive, but like most gold producers, its shares will be heavily influenced by the future direction of gold prices....
MITEL NETWORKS $8.78 (Toronto symbol MNW; TSINetwork Rating: Extra Risk) (613-592-2122; www.mitel.ca; Shares outstanding: 120.8 million; Market cap: $1.1 billion; No dividends paid) develops products for business telephone systems. It will buy another industry company—Polycom (symbol PLCM on Nasdaq)—for $1.96 billion U.S. in a friendly takeover. Activist investor Elliott Management Corp. has pushed Mitel to join with Polycom. Elliott first acquired stakes in the two companies in October 2015. It now holds 6.6% of Polycom and 9.6% of Mitel. Mitel will pay $3.13 U.S. in cash plus 1.31 Mitel shares for each Polycom share....
CALIAN GROUP $19.85 (Toronto symbol CGY; TSINetwork Rating: Speculative) (613-599-8600; www.calian.com; Shares outstanding: 7.4 million; Market cap: $147.3 million; Dividend yield: 5.6%) is the new name of Calian Technologies. The company also changed its stock symbol to CGY from CTY. Calian made the name change because of its expansion into new areas such as healthcare through its Business and Technology Services unit. That subsidiary supplies 70% of Calian’s revenue and provides corporate clients with engineers, health care workers and other skilled professionals on a contract basis. The company’s Systems Engineering business (30% of revenue) sells hardware and software for testing, operating and managing satellite and other communication systems....