Topics

Mining Stocks

Barrick Mining sells its last Canadian mine

Barrick Mining is now selling its Hemlo gold mine. The divestiture ends the company’s long history of gold production in Canada.

BARRICK MINING, $40.63 is a buy. The miner (Toronto symbol ABX; TSINetwork Rating: Average) (barrick.com; Shares o/s: 1.7 billion; Market cap: $69.3 billion; Yield: 2.0%) is now selling its last producing Canadian gold mine, Hemlo, to Carcetti Capital for up to $1.09 billion. The deal includes $875 million in cash, $50 million in shares of the renamed Hemlo Mining Corp., and up to $165 million in contingent payments linked to output and gold prices starting in 2027.

1 min read

Pat McKeough

Growth Stocks

Corteva may break up

CORTEVA INC., $70.64, is a buy. The company (New York symbol CTVA; TSINetwork Rating: Extra Risk) (www.corteva.com; Shares o/s: 679.1 million; Market cap: $48.0 billion; Dividend yield: 1.0%) is now reportedly looking at breaking up into two parts: seeds and pesticides.

1 min read

Pat McKeough

Growth Stocks

Expedia hits new all-time highs

Expedia has a strong competitive position that includes its leading U.S. market share. At the same time, its One Key loyalty program continues to help it attract and retain customers. Note, Expedia’s geographic diversification also helps it to weather the volatility of any one market, whether economic, political or weather-related volatility. The stock has soared to all-time highs for our subscribers—but we think this Power Buy is poised to keep moving up.

2 min read

Pat McKeough

Spinoffs

Let our stock updates help direct you

2 min read

Pat McKeough

Spinoffs

Here’s our Spinoff Stock Portfolio for November 2025

Why we like spinoffs so much

We think that spinoffs are the closest thing you can find to a sure thing for two main reasons:

1) The management of a parent company will only hand out shares in a subsidiary to its own investors if it’s all but certain that business, and the parent, will be better off after the spinoff.
2) Spinoffs involve a lot of work and legal fees. The parent will only spin off the unwanted subsidiary if it can’t sell the stock for what it feels it’s worth.
That’s why firms have an incentive to do spinoffs under two sets of favourable conditions: When they feel it is not a good time to sell (which often means it’s a good time to buy); or, when they feel the assets they plan to spin off will be worth substantially more in the future.

1 min read

Pat McKeough

Spinoffs

This IPO looks extra risky

GEMINI SPACE STATION INC. $25 is a hold. The company (Nasdaq symbol GEMI; Finance sector; Shares outstanding: 117.1 million; Market cap: $2.9 billion; No dividends paid; Takeover Target Rating: Lowest; www.gemini.com) operates an electronic exchange that lets investors buy, sell and store cryptocurrencies like bitcoin.

1 min read

Pat McKeough

Spinoffs

Buy TC over SOBO despite 40% gain

On October 1, 2024, TC Energy completed the spinoff of its oil pipeline business as separate company South Bow. Investors received 0.2 of a South Bow share for every TC share they held.

The split has worked out well for both—TC is up 15%, while South Bow has gained nearly 40%. Both stocks remain solid picks for even more gains and steady income. For your new buying, however, we prefer TC.

2 min read

Pat McKeough

Spinoffs

Sony spins off financial business

SONY GROUP CORP. ADRs $29 is a hold. The Japanese conglomerate (New York symbol SONY; Manufacturing & Industry sector; ADRs outstanding: 6.0 billion; Market cap: $174.0 billion; Dividend yield: 0.5%; Takeover Target Rating: Medium; www.sony.com) will spin off its financing business as a separate firm called Sony Financial Group Inc. Those operations provide a range of banking, life insurance and other services in Japan, and they account for 7% of the company’s revenue.

1 min read

Pat McKeough

Spinoffs

Other factors make us wary

Spinoffs are a great way for companies to unlock hidden value. However, you have to look carefully at each situation, as the new company and former parent could face other challenges that offset the benefits of the split. That’s the case with Aptiv and Keurig Dr Pepper.

APTIV PLC $83 is a hold. The company (New York symbol APTV; Manufacturing & Industry sector; Shares outstanding: 217.8 million; Market cap: $18.1 billion; No dividend paid; Takeover Target Rating: Medium; www.aptiv.com) makes electronics hardware and software for self-driving cars. Its manufacturing facilities are mainly in Mexico, China and other parts of Asia, Europe, South America and Northern Africa.

2 min read

Pat McKeough

Spinoffs

Comerica activist wants a sale

COMERICA INC. $70 is a hold. The company (New York symbol CMA; Finance sector; Shares outstanding: 128.5 million; Market cap: $9.0 billion; Dividend yield: 4.2%; Takeover Target Rating: Medium; www.comerica.com) provides a wide range of banking services in 15 U.S. states, as well as Canada and Mexico.

1 min read

Pat McKeough

Testimonials

The cornerstones of Pat’s strategy–value, diversification and timelines–make his newsletter, The Successful Investor, highly profitable while minimizing risk. His advice is no-nonsense, down-to-earth and based on solid research. You’ll know what to invest in and what to avoid.

Chuck Chakrapani, PhD
Investors Association of Canada
The older I get the better dividends look. For retirees and would-be retirees who want to sleep at night, I can’t think of a better source of information on reliable growing dividend income than Pat McKeough’s newsletter, Dividend Advisor.

Jonathan Chevreau
Financial Post Columnist
As a manager of more than $500 million in mutual funds, I have access to the best brokerage research available in this country. But I still take time to read Pat McKeough’s premium newsletters

John Sartz
I appreciate the 25 years of above market returns I received by following your advice. at least 95% of my investment decisions were based on TSI recommendations.

Chuck J.
Subscriber since 1996. Inner Circle Member Since 2006
The newsletters I receive in Inner Circle Pro are fantastic! I have been following Pat’s advice for years and everything he has said has been amazing. His commentaries are brilliant, insightful, educational, rational and balanced. My returns are almost double the TSE and I have referred many of my friends who have switched over to your services.

Walter H.
Inner Circle Pro subscriber

Browse Premium Topics

Cannabis

Spinoffs

One of the ways a company can try to unlock its own hidden value is by creating a separate company out of a corporate subsidiary. The parent company can either sell stock in the new company to the public, or spin it off—hand the stock out to its own investors.

Dividend Stocks

Dividend stocks make cash payouts that serve as a way for companies to share the wealth they’ve accumulated. These payouts are drawn from earnings and cash flow and paid to the shareholders of the company. Typically, these dividends are paid quarterly, although they may be paid annually or even monthly as well.

ETFs

What are ETFs?

ETF is an acronym for exchange traded fund. These exchange traded funds are used to track indexes as closely as possible, since investors cannot actually buy an index outright.

Value Stocks

What are value stocks?

One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.

Blue Chip Stocks

Blue chip stocks are big, well-established, dividend-paying corporations with strong business prospects. These are companies that also have sound management that should be able to make the right moves to keep competing successfully in a changing marketplace.

Penny Stocks

A penny stock in general trades for under five dollars a share, and as the name implies, sometimes for pennies. Most of the time they’re young companies, or start-ups in speculative markets like mining or technology.

Growth Stocks

Growth stocks are companies that are likely to have sales and earnings growth well above market average. Frequently they pay few, if any, dividends. Instead they typically reinvest any extra cash flow to promote further growth. Chosen wisely—according to Pat McKeough’s advice—high-quality growth-oriented stocks can be worthwhile additions to most well-diversified portfolios.

Wealth Management

Wealth management is the practice of putting your savings to work so that it continues to grow over your lifetime and will also benefit your heirs. Wealth management encompasses many different areas of investing like long term investment planning and retirement planning.

Mining Stocks

Mining stocks are investments in companies that produce or explore for minerals. Some of these minerals include uranium, coal, molybdenum (which is used in steelmaking), copper, silver and gold. They are affected by fluctuating commodity prices in addition to their own business and operating risks.

How To Invest

Pat McKeough has been making investing for beginners simple—and profitable—by helping investors make big gains for more than 25 years. His advice to beginning investors is the same as it is for all investors: buy high-quality, mostly dividend paying stocks (or ETFs that hold these stocks) and evenly spread your investments over the five main economic sectors (Resources, Manufacturing, Finance, Utilities and Consumer). Pat also believes investors should avoid stocks in the broker/media limelight and focus on those with hidden or little-noticed assets.

Energy Stocks

What are energy stocks?

Businesses that work in the extraction, refining and delivery of energy sources such as natural gas, oil, uranium and coal, are considered energy stocks.