Toromont Industries Ltd. should see continued earnings growth thanks to its leading market share and Canada’s plan to increase spending on infrastructure projects.
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.
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Western Copper & Gold Corp., $0.68, symbol WRN on Toronto (Shares outstanding: 94.2 million; Market cap: $65.9 million; www.westerncoppercorp.com), owns the Casino project in the Yukon. The mining site is Western Copper’s sole asset. It contains an estimated 8.9 million ounces of gold, 65 million ounces of silver, 4.5 billion pounds of copper and 483 million pounds of molybdenum. The company completed a feasibility study on the project in 2013. The operation would centre on an open-pit mine with a 22-year life expectancy. Western Copper is now two years into the permitting stage. It should take another two years to complete....
Waste Management Inc., $58.21, symbol WM on New York (Shares outstanding: 445.7 million; Market cap: $26.1 billion,www.wm.com), is the largest solid waste disposal company in North America. The company operates about 265 landfills, 300 transfer stations and 600 collection operations. Waste Management has moved up to new highs since reporting strong results in the three months ended December 31, 2015. Excluding one-time items, it earned $320 million, or $0.71 a share. That’s up from $278 million, or $0.60 a share, a year earlier. It also beats the consensus forecast of $0.68. The improvement came from Waste Management’s focus on controlling costs and pricing its new contracts high enough to protect its profit margins. The company has also increased its customer retention by providing better service....
Skyworks Solutions Inc., $77.10, symbol SWKS on Nasdaq (Shares outstanding: 191.7 million; Market cap: $14.8 billion; www.skyworksinc.com), makes a variety of chips and other electronic components for cellphones, tablet computers and other wireless devices. Foxconn—the maker of Apple’s iPhone and iPad—accounts for over 40% of Skyworks’ sales. Skyworks is also developing chips for other applications beyond mobile devices. They include smart meters that help electrical utilities cut fraud and make their grids more efficient. The company continues to benefit from the growing number of people who use mobile devices, such as smartphones, to communicate and access the Internet....
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