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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TRANSCANADA CORP., $49.08, Toronto symbol TRP, has agreed to buy Texas-based Columbia Pipeline Group (New York symbol GPCX) for $13 billion U.S. That figure includes $2.8 billion U.S. of Columbia’s debt. This is a big purchase for TransCanada, which has a market cap of $35.4 billion (Canadian). Columbia operates natural gas pipelines in the U.S. Northeast, Midwest, Mid-Atlantic and Gulf Coast regions, as well as underground gas storage terminals. It’s now working on $5.6 billion U.S. worth of new pipelines. Columbia has already secured contracts from gas shippers, which cuts the risk of these projects....
FEDEX CORP., $163.55, New York symbol FDX, jumped 13% this week after it reported better-than-expected quarterly results. It also increased its full-year earnings forecast. In the third quarter of its 2016 fiscal year, which ended February 29, 2016, the company earned $692 million. That’s up 18.1% from $586 million a year earlier. Earnings per share gained 23.6%, to $2.51 from $2.03, on fewer shares outstanding. These figures exclude costs to settle several lawsuits and other unusual items. On that basis, the latest earnings beat the consensus estimate of $2.34 a share....
ALIMENTATION COUCHE-TARD $59.93 (Toronto symbol ATD.B: TSINetwork Rating: Extra Risk) (1-800-361-2612; www.couchetard. com; Shares outstanding: 567.4 million; Market cap: $34.6 billion; Dividend yield: 0.5%) operates 7,979 convenience stores throughout North America.
In Europe, the company operates 2,218 stores across Scandinavia (Norway, Sweden and Denmark), Poland, the Baltic states (Estonia, Latvia and Lithuania) and Russia.
In the three months ended January 31, 2016, Couche-Tard’s sales rose 2.5%, to $9.33 billion from $9.11 billion a year earlier (all figures except share price in U.S....
In Europe, the company operates 2,218 stores across Scandinavia (Norway, Sweden and Denmark), Poland, the Baltic states (Estonia, Latvia and Lithuania) and Russia.
In the three months ended January 31, 2016, Couche-Tard’s sales rose 2.5%, to $9.33 billion from $9.11 billion a year earlier (all figures except share price in U.S....
NEW GOLD $5.06 (Toronto symbol NGD; TSINetwork Rating: Speculative) (888-315-9715; www.newgold.com; Shares outstanding: 509.5 million; Market cap: $2.5 billion; No dividends paid) has moved up 43% since the start of the year on higher gold prices—and its strong operating performance. New Gold has four mines: the Mesquite project in the U.S.; Cerro San Pedro in Mexico; the Peak mine in Australia; and the New Afton mine in B.C. In the three months ended December 31, 2015, New Gold’s cash flow per share rose 7.1%, to $0.15 from $0.14 a year earlier. (All figures except share price and market cap in U.S. dollars.) Production rose 24.2% in the latest quarter, to 131,700 ounces from 106,000. That offset falling gold prices in 2015....