IAMGold responds to its new activist pressure

Activist investors make their money by targeting underperforming firms they feel would benefit from better management or assets sales. Here’s a look at how IAMGold is responding to its new activist pressure.
IAMGOLD, $3.91, is a buy. The miner (Toronto symbol IMG; TSINetwork Rating: Speculative) (www.iamgold.com; Shares outstanding: 476.9… Read More

Major Drilling’s revenue is rocketing

Major Drilling’s revenue is rocketing

Improved business in North, Central and South America led to an 68.9% jump in revenue for this company during the quarter ended July 31, 2021.

A new acquisition should further boost the company’s presence and earnings in Western Australia.

The stock trades at 18.1 times the company’s… Read More

Potash Corp. & Agrium Inc. merger still paying off

Potash Corp. & Agrium Inc. merger still paying off

Agrium Inc. completed its merger with Potash Corp in 2019. The new combined company, Nutrien, has benefited from higher commodity prices and better-than-expected cost cutting following the merger. This industry giant has also made strategic acquisitions to further spur its earnings.

The company has raised its… Read More

Major is building on its 305% gain

MAJOR DRILLING, $9.16 (Toronto symbol MDI; TSINetwork Rating: Speculative) (www.majordrilling.com; Shares o/s: 82.0 million; Market cap: $805.4 million; No divd.) is a large contract driller that mainly serves the mining industry.
Demand for Major Drilling’s specialized drilling services, especially from senior gold producers, is beginning to… Read More

Hello, Pat. I just joined your Inner Circle today. I’m looking forward to receiving great information to help me achieve my financial goals. I’d like to ask about two speculative stocks. One, Dynacor Gold, is familiar to me, however moving forward do you think this is a good time to start buying? The second, Zenabis Global, grows cannabis. What are your thoughts? Should I start accumulating shares? Thanks.

A: Dynacor Gold Mines, $1.75, symbol DNG on Toronto (Shares outstanding: 38.8 million; Market cap: $69.0 million; www.dynacor.com), is a dividend-paying junior gold company headquartered in Montreal.

The company is engaged in production through the processing of ore purchased from the artisanal and small-scale mining industry… Read More