Business & Investment

Three Top TSX Material Stocks to Buy

Last year was an unprecedented time for the stock market. It was difficult to predict a pandemic of rising gold and tech stock prices. Nevertheless, that’s what we saw last year.

Now that the new year has begun, you may be thinking of buying some great stocks at Toronto Stock Exchange.. Here are three stocks that you may be considering buying this year:

Barrick Gold shares are still in the $ 30 range

Barrick gold (TSX: ABX)(NYSE: GOLD) It rose from $ 17.52 in March 2020 to a 52-week high of $ 41.09.The· Gold price During the COVID-19 pandemic, it soared due to concerns about both recession and inflation. Since then, metal prices have stabilized and investors are now trading stocks at $ 29.58 per share.

President and CEO Mark Bristow commented on the company’s success last year, despite the COVID-19 pandemic challenge.

“As today’s results show, we have succeeded in breaking profit consensus, strengthening our 10-year plan and leveraging gold prices to maintain an industry-leading balance sheet in the face of unprecedented challenges. With 3.6 million ounces of gold production since the beginning of the year, Barrick can achieve guidance of 4.6 million to 5 million ounces a year. “

Barrick will announce its fourth quarter 2020 and full year results on Thursday, February 18, 2021. The annual dividend yield is decent at 1.58%.

Barrick Gold may be better on the watchlist than on the stock market portfolio. With the release of the vaccine, the public is confident in the economy. So today it is unlikely that gold prices will rise sharply again.

Pay attention to Franco-Nevada’s earnings

Franco Nevada (TSX: FNV)(NYSE: FNV) Last year it rose from a 52-week low of $ 105.93 to a 52-week high of $ 222.15. Like Barrick Gold, Franco-Nevada’s market value fell at the end of last year. At the time of writing, investors are trading shares for $ 157.69 per share.

Franco Nevada It was a wonderful year. Last year, the company achieved record results in terms of revenue, EBITDA and net income. Compared to royalties and streaming peers, Franco-Nevada achieved the highest EBITDA margin and a record profit margin of 55% in the third quarter.

Franco-Nevada CEO Paul Brink looks forward to continued success in Franco-Nevada in the near future. “It is exciting for the future to see levels of organic growth across our portfolio of production, advanced and exploration assets.”

The annual dividend yield is as low as 0.85%. If you are looking for an inventory of decent materials to buy, pay attention to future Franco-Nevada earnings before making a final decision.

Put Wheaton Precious Metal on your watch list

Wheaton Precious Metals (TSX: WPM)(NYSE: WPM) Last year it rose from $ 26.99 to a 52-week high of $ 76.69. Like both Franco-Nevada and Barrick, Wheaton Precious Metals is currently selling at highs of less than 52 weeks. Investors are trading shares on Friday for $ 51.25 per share.

Randy Smallwood, President and CEO of Wheaton Precious Metals, commented on strong operating cash flow in the third quarter of last year.

“Wheaton’s high-quality asset portfolio generated nearly $ 230 million in operating cash flow in the third quarter alone, setting a record of over $ 555 million in the first nine months of 2020. Given Wheaton’s unique cash flow policy, the quarterly result was a 20% increase in cash flow. “

The annual dividend yield is 1.21%. If you are interested in buying material stocks in your retirement portfolio, you should include Wheaton Precious Metals in your watchlist.


Stupid contributor Debra Ray There are no positions in any of the listed stocks.

Three Top TSX Material Stocks to Buy

https://www.fool.ca/2021/01/24/3-top-tsx-materials-stocks-to-buy/ Three Top TSX Material Stocks to Buy

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