Shopify Earnings: Robust Growth Across All Areas
We are raising our fair value estimate to USD $105 per share, from USD $80 previously, for wide-moat Shopify after the firm reported strong results and provided fourth-quarter guidance that was meaningfully better than our expectations. Our fair value estimate for Canadian shares rises to C$141 from C$110. Performance for both revenue and profitability were […]
Canadian Funds with the Highest Exposure to Shopify
Shopify SHOP stock, one of the most widely held companies in Canada, skyrocketed 21% on Tuesday following its third-quarter earnings report, and in the process giving a big boost to some mutual funds and exchange-traded funds with big holdings of the ecommerce firm’s shares. Shopify stock rose C$26.89, closing at C$152.26, clocking the biggest intraday […]
First Mining Unveils Q3 Results, Showcases First Nation Agreement and New Mineral Discoveries
On Nov. 5, the company announced that it submitted the final environmental impact statement/environmental assessment for the Springpole project. The final EIS/EA submission marks a significant procedural milestone in the advance of the project and follows over two and a half years of consultation and engagement on the draft EIS/EA submitted in May 2022. The […]
2 Canadian Bank Stocks Priced Below Their True Value
Canadian bank stocks have been big winners in 2024, leading the market higher. But there are still opportunities for long-term investors to put money to work. We looked for the most undervalued financial services stocks in the Morningstar Canada Index, and two banks stood out. Toronto-Dominion Bank TD and Bank of Montreal BMO both carry […]
Creating an Eco-Conscious Investment Portfolio
Every day shows more alarming evidence of global warming, including catastrophic flooding in Spain, devastating back-to-back hurricanes, wildfires in the Amazon and elsewhere, and extreme downpours in India. The list goes on. It’s why the United Nations meets annually to make progress on curbing climate change. For investors, there are plenty of risks and opportunities […]
US Judge Limits Scope of Investor Lawsuit Against Rio Tinto Regarding Mongolian Mine
In a 40-page decision, Liman dismissed the claim against Rio Tinto because it was Turquoise Hill Resources, which owned 66% of the mine with Mongolia owning the rest, that said the draw bell schedule was on track. Liman said Rio Tinto was not liable for that statement even though an affiliate of the Anglo-Australian mining […]
Post-Election Deficit Worries Drive Surge in US Bonds…
The Federal Reserve may be cutting interest rates, but yields have been rising in the US bond market. That trend continued Wednesday after Donald Trump’s victory in the US presidential election. The jump in yields and price declines come as bond investors worry about two significant headwinds. One is the negative impact of increased bond […]
Barrick Trails Competitors as No. 2 Miner Fails to Capitalize on Bullion Surge
Barrick is one of several miners that have struggled to capitalize on the bullion boom amid higher mining costs and weaker output. But among the largest precious metal producers — Newmont Corp., Agnico Eagle Mines Ltd. and AngloGold Ashanti Ltd. — Barrick has routinely underperformed, with its shares virtually unchanged since the beginning of January. […]
Ross Beaty to be Honored with TNM Lifetime Achievement Award
Beaty sounded excited, and why not? He’s got a history of drawing out big things from the deep. Since 2017 as chairman, he’s built Equinox Gold (TSX: EQX; NYSE-AM: EQX) into a nearly 1-million-oz. annual producer with a C$3.5 billion market value. Its latest mine, Greenstone in Ontario, poured first gold in May and is ramping […]
Disappointing October Canadian Jobs Report Increases Likelihood of…
Canada’s latest jobs report underscores a labor market slowdown, fueling calls for the Bank of Canada to make a sizeable interest rate cut to offset weakening economic momentum. According to the report released Friday by Statistics Canada, the Canadian economy added 15,000 jobs in October, falling significantly short of the consensus prediction of 25,000, while […]