Here are three small to mid-cap stocks on the TSX to watch this year. You may even decide to buy some of these inexpensive, potential winners.

HPQ-Silicon Resources stock preparing for success

HPQ-Silicon Resources (TSX:HPQ) rose from a 52-week low of $0.05 to a 52-week high of $1.18 over the past year. At the time of writing, the stock is trading for $1.04 per share. You can buy 100 shares of HPQ for just over $100!

HPQ-Silicon Resources explores for quartz and silicon materials in Canada and manufactures solar cells. The company has also shared some exciting news with investors.

• HPQ and Apollon Solar renewed their agreement to develop silicon materials for energy storage and hydrogen production on February 4.
• Gen1 PUREVAPTM Nano Silicon Reactor (“NSiR”) commissioning tests are leading the way for low-cost manufacturing of Nano Silicon for batteries.

Bernard Tourillon, President and CEO of HPQ, had this to say about the success of the NSiR tests:

“With the Gen1 PUREVAPTM NSiR operational and exceeding expectations from the start, HPQ NANO is uniquely positioned to be at the forefront of low-cost manufacturing of Nano Silicon for batteries and other applications, as we continue working on scaling up the capabilities of our PUREVAPTM NSiR process.”

HIVE Blockchain Technologies expanding crypto mining capacity

HIVE Blockchain Technologies (TSX:HIVE) rose from a 52-week low of $0.135 to a 52-week high of $3.50 last year. At the time of writing, the stock is trading for $2.81 per share.

HIVE Blockchain Technologies is a cryptocurrency mining company in Canada, Sweden, and Iceland. The company sells digital currencies, including Ethereum and Bitcoin.

HIVE Blockchain is the most liquid stock on the TSX.V. Last year, investors traded 1.7 billion shares. If you want a venture stock with sufficient trading activity, HIVE might be a good choice.

Moreover, the company has made some exciting announcements. The company is planning on expanding its Ethereum footprint and increasing its capacity to mine bitcoin. The prices of these cryptocurrencies have soared and now might be a good time to invest in a company like HIVE.

Facedrive launches EV subscription service in Toronto

Facedrive (TSX:FD) rose from a 52-week low of $1.96 to a 52-week high of $57.00 last year. As of Friday, the stock is trading for $53.54 per share. Technically a mid-cap stock at a market capitalization of nearly $5 billion, this is still a good buy on the TSX.

Facedrive is Canada’s ride-sharing company. On February 4, the company announced that it is expanding Steer, an electric vehicle subscription service in Toronto. In September 2020, Facedrive acquired Steer, a Washington, D.C. – based electric vehicle subscription service.

Ridesharing platforms are feeling some heat from the COVID-19 pandemic. Consumers are taking fewer rides as a result of going out less often. Nevertheless, there is some long-term value in this ride-sharing platform.

Now is the time to buy this stock before the price pops more.

The post 3 Small Cap TSX Stocks to Watch appeared first on The Motley Fool Canada.

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Short-term gambling in the stock market isn’t the best idea. It certainly isn’t for those with weak stomachs or low cash balances. You can just as easily lose money at this game as you can make it.

Still, silver stocks are worth watching right now as the stock market becomes more dramatic. Here are three Toronto Stock Exchange silver stocks to put on your watch list.

Fortuna Silver Mines reluctant to release guidance

Fortuna Silver Mines (TSX:FVI)(NYSE:FSM) rose to a 52-week high of $12.61 at the beginning of the year after falling to a 52-week low of $2.05 after the sell-off in March 2020. Today, investors are trading the stock for $11.31 per share.

Fortuna Silver Mines extracts silver and gold in Latin American countries including Peru, Mexico, and Argentina. Fortuna reported production results for the fourth quarter and full year 2020 on January 19. The company is still reluctant to issue confident production guidance during the ongoing COVID-19 pandemic.

As one of the top TSX silver stocks by market capitalization, Canadian investors should watch Fortuna Silver Mines this week at least out of interest. The Reddit army seems set on causing further volatility. Even if you are wise enough to keep your money out of this battle, Fortuna Silver Mines should still be on your watch list.

Pan American Silver expects a 35% increase in silver production

Pan American Silver (TSX:PAAS)(NASDAQ:PAAS) rose from a 52-week low of $14.22 to a 52-week high of $53.30. As of Monday, investors are trading the stock for $46.12 per share. The annual dividend yield is small at 0.88%.

Pan American Silver extracts silver and gold in Canada, Mexico, Peru, Argentina, and Bolivia. Michael Steinmann, president & CEO, released production guidance for 2021 on January 19.

“We are expecting a 35% increase in silver production relative to 2020 and record gold production in 2021, despite our assumption that COVID-19 will continue to have an impact on operations. Under our 2021 guidance assumptions, we expect to be generating robust levels of free cash flow.”

Like Fortuna Silver Mines, Pan American Silver might be in for some volatility this week if the Reddit army succeeds with their plans to shake up precious metals stocks. If you don’t want to play with the speculators, that’s fine. But, keep this stock on your watch list in case things get too exciting not to watch.

Silvercorp Metals stock to report results on February 4

Silvercorp Metals (TSX:SVM)(NYSE:SVM) rose to a 52-week high of $11.62 from a 52-week low of $2.12. Now, investors are trading the stock for $9.54 per share. The annual dividend yield isn’t much at 0.38%.

Silvercorp Metals extracts silver, gold, lead, and zinc metals in China. Silvercorp will report Q3 Fiscal 2021 financial results on Thursday, February 4, 2021 after the market closes. On January 15, the silver company announced that it expects to meet the previous released annual production guidance of between 6.2 and 6.5 million ounces of silver.

If you don’t own Silvercorp stock, don’t worry. Still, Silvercorp has a good chance of getting caught up in the frenzy created by the Reddit army. So, if you want to at least watch finance history being made, then put Silvercorp on your watch list.

The post 3 Top TSX Silver Stocks to Buy appeared first on The Motley Fool Canada.

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Now that a new year has begun, you might be considering buying some great stocks on the Toronto Stock Exchange. Here are three stocks that you might be looking to buy this year.

Barrick Gold stock still in the $30 range

Barrick Gold (TSX:ABX)(NYSE:GOLD) rose from $17.52 in March 2020 to a 52-week high of $41.09. The price of gold soared during the COVID-19 pandemic on both concerns about a recession and inflation. Since then, the price of the metal has stabilized, and investors are now trading the stock for $29.58 per share.

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

“As today’s results show, in the face of unprecedented challenges we have succeeded in beating our earnings consensus, reinforcing our 10-year plan and capitalizing on the gold price to maintain an industry-leading balance sheet. Our year-to-date gold production of 3.6 million ounces keeps Barrick on track to achieve our guidance of between 4.6 and 5.0 million ounces for the year.”

Barrick will release its 2020 Q4 and full-year results on Thursday, February 18, 2021. The annual dividend yield is decent at 1.58%.

Barrick Gold might be better to put on your watch list than in your stock market portfolio. A vaccine has been released, and the public is more confident in the economy, meaning another meteoric rise in the price of gold is less likely today.

Pay attention to Franco-Nevada earnings

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

Franco-Nevada had a remarkable year. The firm achieved record financial results last year in terms of revenue, EBITDA, and net earnings. Compared to royalty and streaming peers, Franco-Nevada delivered the highest EBITDA margins and a record earnings margin of 55% during the third quarter.

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

The annual dividend yield is low at 0.85%. If you are looking for a decent materials stock to buy, pay attention to upcoming Franco-Nevada earnings before making a final decision.

Keep Wheaton Precious Metals on your watch list

Wheaton Precious Metals (TSX:WPM)(NYSE:WPM) rose from $26.99 to a 52-week high of $76.69 last year. Like both Franco-Nevada and Barrick, Wheaton Precious Metals is now selling for less than its 52-week high. Investors are trading the stock for $51.25 per share on Friday.

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

“Wheaton’s high-quality portfolio of assets generated nearly $230 million in operating cash flow in the third quarter alone, resulting in a record of over $555 million in the first nine months of 2020. Given Wheaton’s unique dividend policy, the strong cash flow in the quarter resulted in a 20% increase in our dividend.”

The annual dividend yield is 1.21%. If you are interested in buying materials stocks for your retirement portfolio, Wheaton Precious Metals should be on your watch list.

The post 3 Top TSX Materials Stocks to Buy appeared first on The Motley Fool Canada.

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While technology stocks now report high price-to-sales (P/S) and price-to-book (P/B) ratios, there may still be some good stocks to buy in software.

Here are three top Toronto Stock Exchange software stocks to consider buying in 2021.

Constellation Software stock succeeded last year

Constellation Software (TSX:CSU) rose from a 52-week low of $1,076.34 to a 52-week high of $1789.63. As of Friday, investors are trading the tech stock for $1,598.02 per share.

Constellation Software released the following statement regarding the impact of COVID-19 on the firm.

“The pandemic may also have an adverse impact on many of the Company’s customers, including their ability to satisfy ongoing payment obligations to the Company, which could increase the Company’s bad debt exposure. The future impacts of the pandemic and any resulting economic impact are largely unknown and rapidly evolving.”

Technology’s success might not be over yet. Still, there is a risk of a bubble. Constellation Software’s P/S ratio is 8.92 and its P/B ratio is 37.93. For a stock with an annual dividend yield of only 0.31%, it might not be worth the risk.

CGI trading lower than pre-pandemic high

CGI (TSX:GIB.A)(NYSE:GIB) fell to $67.23 during the March market sell-off from a 52-week high of $114.49. Investors are trading the stock for $100.69 per share, just $13.80 less than the pre-pandemic high at the time of writing.

President and CEO George Schindler had this to say about fourth-quarter earnings last year:

“In the quarter, our trusted client relationships led to rising bookings and superior cash generation. We see a healthy pipeline of opportunities for profitable growth through both build and buy and we are well-positioned to continue creating value for our clients as they increasingly rely on technology to navigate these dynamic times.”

CGI will announce fiscal 2021 first-quarter earnings on January 27. CGI has a P/S ratio of 2.12 and a P/B ratio of 3.57. It seems this stock is generating strong cash and hasn’t been drastically overvalued by the pandemic. Still, before you make a bet on one of the pandemic’s losing stocks, wait to see how last quarter’s earnings fared.

Nuvei reports strong revenue growth

Nuvei (TSX:NVEI) fell to $43.51 during the March market sell-off from a 52-week high of $82.04. Investors are trading the stock for $73.25 per share on Friday.

Nuvei provides cloud-based payment platforms for merchants globally. Philip Fayer, Nuvei’s chairman and CEO, commented on the firm’s strong performance during the third quarter.

“I am incredibly proud of all that we accomplished in the third quarter, as we embarked on our journey as a publicly-traded company. We believe our performance, which included total volume of $11.5 billion along with strong revenue growth, is a testament to the strength of our technology, business model and focus on high growth verticals.”

Nuvei has a P/S ratio of 29.59 and a P/B ratio of 8.28, making this a less-overvalued stock. Just because these values are lower than Constellation Software doesn’t necessarily mean this is a better option for you. Like CGI, wait until Nuvei reports earnings before making the final decision to buy.

The post 3 Top TSX Software Stocks to Buy appeared first on The Motley Fool Canada.

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Despite all this, there are pros and cons to the current state of the Toronto Stock Exchange. On the one hand, there are some great stocks selling for low prices. Then again, winners of the troubling year are bringing in strong revenue.

Here are three stocks that you might consider buying this year.

Canadian Natural Resources generates strong free cash flow

Canadian Natural Resources (TSX:CNQ)(NYSE:CNQ) hasn’t recovered since March 2020, despite some major investors in the stock, including the Saudi Arabia Sovereign Wealth Fund. This stock fell to $9.80 during the March market sell-off from a 52-week high of $41.16. As of Wednesday, investors are trading the stock for $31.26 per share. At the current price, the annual dividend yield is more than decent at 5.45%.

Canadian Natural’s chief financial officer, Mark Stainthorpe, commented on the substantial free cash flow generation last year:

“Our unique and diversified asset base allows us to generate significant free cash flow above our disciplined capital program and maintain our dividend payment level, unchanged through the commodity price cycle. In the third quarter, we generated approximately $1.74 billion in adjusted funds flow and approximately $467 million in free cash flow, after capital expenditures and dividend payments, reflecting the flexibility and strength of our long life low decline asset base.”

If you are looking to invest in a stock that is still selling for less than its pre-pandemic high, Canadian Natural Resources should be at the top of your list!

Nutrien stock soars on solid sales results

Unlike Canadian Natural Resources, Nutrien (TSX:NTR)(NYSE:NTR) stock has done quite well since the price fell to $34.80 in March 2020. At the time of writing, investors are trading the stock for $66.76 per share, just under the 52-week high of $70.21. The annual dividend yield is sufficient at 3.44%.

Chuck Magro, Nutrien’s president and CEO, is happy with the performance of the company:

“Nutrien delivered another quarter of solid operating results with strong fertilizer sales volumes and exceptional growth of orders through our digital agriculture platform, surpassing $1 billion of sales. Market conditions are improving around the world with higher crop and fertilizer prices, lower expected inventories and strong demand for crop inputs as we finish the year and enter 2021.”

The growth of orders and sales volumes are certainly a draw for investors. If you would prefer a stock that has strong price momentum, you might want to consider buying Nutrien shares this year.

Is Suncor Energy heading for a full rebound?

Suncor Energy (TSX:SU)(NYSE:SU) stock also has not rebounded yet from the March 2020 selloff. This energy stock fell to $14.02 during the March market sell-off from a 52-week high of $43.72. Investors are trading the stock for $23.10 per share on Wednesday. The annual dividend yield is lower than Canadian Natural Resources but still enticing at 3.64%.

Mark Little, president and CEO of Suncor, believes the company is doing the best it can given the circumstances surrounding the COVID-19 pandemic:

“Although the pandemic continues to have adverse impacts on our industry, we remain focused on items within our control, including the safety of our workforce and communities, and structural changes that lower our cost base, preserve the financial resiliency of the company and set the foundation for long-term value creation.”

Suncor Energy also secured investment capital from the Saudi Arabia Sovereign Wealth Fund last year. If you find value in this news, Suncor Energy should at least be on your watch list.

The post 3 Top Toronto Stock Exchange Stocks to Buy in 2021 appeared first on The Motley Fool Canada.

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Convenience, discount, and consumer staples stocks needed to adapt by increasing delivery and curbside pick up options. Those businesses which succeeded in offering safe shopping options to customers performed well in the stock market last year.

Here are three consumer stocks on the Toronto Stock Exchange to consider buying in 2021.

Alimentation Couche-Tard stock fell on Carrefour SA announcement

Alimentation Couche-Tard (TSX:ATD.A)(TSX:ATD.B) stock bounced back quickly after the March market sell-off last year. Unfortunately, the company hasn’t started off the year on a strong note. The stock fell by 9% in mid-January on news of a planned acquisition of Carrefour SA.

As of Friday, investors are trading the stock for $37.25 per share. If the recent drop was an overreaction, then this might actually represent a good buying opportunity. The annual dividend yield is still a low 0.94% at the current price.

Claude Tessier, CFO of Alimentation, announced the renewal of the stock’s share repurchase program:

“Our balance sheet, with $6 billion of cash, on hand and available under our credit facility, remains well-positioned to support our global growth ambition. We continue to favor a balanced approach towards capital allocation and have announced the renewal of our share repurchase program representing 4.0% of the public float of our Class B shares to complement our quarterly dividend, for which an increase of 25.0% was approved on November 24, 2020.”

If you are looking for a strong stock to buy this year, Alimentation Couche-Tard is selling for a decent price on the TSX.

Dollarama is a top 2020 performer

Dollarama (TSX:DOL) stock is going strong after a fantastic run during 2020. The stock rose to a 52-week high of $55.45 from a low of $34.70. Investors were selling the stock for $50.10 per share on Friday. The annual dividend yield isn’t much at 0.35%.

President and CEO Neil Rossy expressed satisfaction with the firm’s performance last year:

“We are very pleased with our strong performance in the third quarter of Fiscal 2021, highlighted by a double-digit increase in sales, robust same-store sales growth and an industry-leading gross margin. Our strong financial and operating results reflect the relevance of our compelling and affordable everyday products, the convenience we offer Canadian consumers from coast to coast, and our disciplined execution in maintaining well-stocked stores.”

If you want to invest in strong price momentum from last year, Dollarama is a top name in discount consumer goods. You could do worse than a long-term investment in Dollarama.

George Weston sales are strong despite pandemic

Unlike Dollarama, George Weston (TSX:WN) hasn’t had the best year. The stock fell to $84.01 during the March market sell-off from a 52-week high of $111.65. At the time of writing, investors are trading the stock for $97.04 per share. The annual dividend yield is the highest of these three stocks at 2.29%.

Galen G. Weston, Chairman and CEO, discussed the strong sales at George Weston despite the ongoing COVID-19 pandemic:

“Our financial results in the third quarter underscore the resiliency of our businesses, with each showing improved financial performance over the second quarter of 2020. Loblaw generated strong same-store sales and furthered key strategic initiatives. Choice Properties collected close to 98% of rents in the quarter and made significant progress in its capital recycling program to further improve the quality of its portfolio.”

While George Weston may not have performed well last year on the TSX, 2021 could see a turnaround for this stock. If you want to invest in stocks that still have some room for a rebound in 2021, George Weston is a solid option.

The post 3 Top TSX Consumer Stocks to Buy in 2021 appeared first on The Motley Fool Canada.

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Here are three top TSX financial stocks to buy in 2021.

CIBC stock surpasses its pre-pandemic high

Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) fell to $67.52 during the March market sell-off from a pre-pandemic high of approximately $110 per share. Nevertheless, the stock has persevered since last March and has reached a new 52-week high. As of Thursday, the stock is trading for $113.77 per share.

Even better: the annual dividend yield is fantastic at 5.13%. This is a great stock with a strong dividend yield. This is definitely one stock to consider buying this year.

Victor G. Dodig, CIBC president and CEO, is proud of how well the company reacted to the unique challenges last year:

“At the same time, we took steps to position our bank for the future, including making strategic investments in our people, processes and platforms, and taking steps to enhance our efficiency. As we enter fiscal 2021, our strong financial position will enable us to continue executing our client-focused strategy to deliver growth and generate value for all our stakeholders.”

CIBC is one of the safest banks in the world. If you are looking for a strong investment to grow your savings, CIBC stock is one of your best options.

Manulife Financial

Manulife Financial (TSX:MFC)(NYSE:MFC) stock hasn’t completely rebounded since the March 2020 market crash. Nevertheless, this represents an opportunity to profit off the remaining difference. This financial stock fell to $12.58 during the March market sell-off from a 52-week high of $27.78.

Today, investors are trading the stock for $24.41 per share. The annual dividend yield would be a great addition to your retirement portfolio at 4.60%.

Manulife Financial will release its fourth-quarter 2020 financial results on February 10. Manulife president and CEO Roy Gori noted that Manulife’s sales were down only a small percent from the prior-year quarter in the firm’s third-quarter earnings report:

“The global diversity of our franchise, strength of our offerings, and quality of our distribution capabilities were evident in Manulife’s third quarter APE sales, which were down only 2% from the prior year quarter, despite the challenging environment. In addition, we delivered core earnings of $1.5 billion and net income of $2.1 billion for the quarter, which reflects the resilience of our business.”

Overall, Manulife is actually doing fairly well considering the circumstances. If you are looking for a top financial stock to buy this year, Manulife stock should be on your list.

Sun Life Financial

Like Manulife, Sun Life Financial (TSX:SLF)(NYSE:SLF) stock also hasn’t fully rebounded from last year. The stock fell to $35.43 during the March market sell-off from a 52-week high of $66.44. Investors are trading the stock for $59.90 per share as of Thursday. The annual dividend yield is decent at 3.63%.

Sun Life Financial will release its fourth-quarter 2020 financial results on February 11. Sun Life has been busy with profitable acquisitions in the past year. It will be interesting to see an update on the firm’s activities.

“Our Asset Management business generated a 25% increase in year-over-year sales and Sun Life reached approximately $1.2 trillion in AUM in the third quarter. We also completed the majority acquisition of InfraRed Capital Partners and recently announced our intention to purchase a majority stake in Crescent Capital Group LP. This will bring SLC Management’s total  AUM to approximately $145 billion on a pro forma basis as at September 30, 2020.”

Sun Life has some exciting plans for 2021. If you want to buy a top insurance stock this year, Sun Life is a must-own asset for your retirement portfolio.

The post 3 Top TSX Financial Stocks to Buy appeared first on The Motley Fool Canada.

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BCE stock offering a 6% dividend yield

BCE (TSX:BCE)(NYSE:BCE) fell to $46.03 during the March market sell-off from a 52-week high of $65.28. As of Tuesday, investors are trading the stock for $54.82 per share. The annual dividend yield is the highest of the three major Canadian telecom companies at 6.03%.

BCE will report Q4 of 2020 earnings on February 4. Glen LeBlanc, CFO of BCE and Bell Canada, discussed Bell’s terrific financial position in the Q3 financial update:

“Despite the ongoing effects of the COVID crisis, all Bell operating segments delivered better performance trajectories and improved revenue and adjusted EBITDA results compared to Q2, contributing to Q3 free cash flow of over $1 billion and bringing total cash generation this year to more than $3.25 billion, 14% higher than in 2019.”

BCE had suffered some revenue loss from sports advertising earlier in the year. Now that some time has passed and the vaccine is being rolled out, BCE is bouncing back. Thus, this is one telecom stock that you should consider buying in 2021.

Rogers expanding digital efforts during the pandemic

Rogers Communications (TSX:RCI-B)(NYSE:RCI) fell to $46.81 during the March market sell-off from a 52-week high of $67.34. Investors were trading the stock for $60.50 per share on Tuesday. The annual dividend yield is the lowest of these three major Canadian telecom stocks at 3.29%.

Rogers will report Q4 of 2020 earnings on January 28. Joe Natale, President and CEO of Rogers, saw improvement during the third-quarter from earlier in the year:

“The strong sequential improvement in our third quarter results is reflective of solid execution across our businesses, including continued growth in our digital-first efforts, to ensure our customers have a range of channels available to meet their needs. Our company has adjusted well throughout the pandemic and will continue driving cost and service improvements while we remain focused on investing for the long-term in our leading networks, including bringing Canada’s largest 5G network to even more communities.”

Like BCE, Rogers also experienced a decrease in revenue from canceled sporting events. Luckily, the world will be getting back to normal soon. Therefore, Rogers is one telecommunications stock that you should consider buying in 2021.

Telus

TELUS (TSX:T)(NYSE:TU) has essentially made a full rebound in price. The market value fell to $18.55 during the March market sell-off from a 52-week high of $27.74. Now, investors are trading the stock for $26.41 per share. The annual dividend yield is decent at 4.69% and it is getting better.

Darren Entwistle, President and CEO of Telus, announced the reinstatement of the company’s dividend growth program:

“Today’s [dividend increase] is the 19th since 2011, and reinforces the strength of our financial and operational performance, which enable us to successfully execute on our industry-leading shareholder-friendly program in combination with a strong balance sheet. TELUS has now returned nearly $19 billion to shareholders, including $13.6 billion in dividends, representing approximately $15 per share since 2004.”

The growing dividends are only one reason you should be watching this stock in 2021.

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Here are three gold and energy stocks to watch in 2021.

Barrick Gold stock’s bull run ran out of steam

Barrick Gold (TSX:ABX)(NYSE:GOLD) might have had a great year during 2020, however, the stock has been trending down since November 2020. Barrick Gold stock is now selling for $10.96 less than the stock’s 52-week high of $41.09. As of Monday, the stock was trading for $30.13 per share. The dividend yield is low at 1.51% annually.

On February 18, Barrick Gold will report full-year and Q4 2020 earnings. President & CEO Mark Bristow released this statement regarding the performance of the company during the first three quarters of the year:

“As today’s results show, in the face of unprecedented challenges we have succeeded in beating our earnings consensus, reinforcing our 10-year plan and capitalizing on the gold price to maintain an industry-leading balance sheet. Our year-to-date gold production of 3.6 million ounces keeps Barrick on track to achieve our guidance of between 4.6 and 5.0 million ounces for the year.”

It was certainly a good year for gold stocks like Barrick. It will be exciting to hear about how the end of the year went for this popular gold stock. Unfortunately, it appears that this stock may have run out of steam.

Will Enbridge rebound in the new year?

Unlike gold, energy stocks suffered during 2020. Enbridge (TSX:ENB)(NYSE:ENB) fell to a 52-week low of $33.06 from a 52-week high of $57.32 after the March 2020 market sell-off. Today, Enbridge stock is still trading for $14.95 less than its pre-pandemic high. At the time of writing, the market value of Enbridge stock is $42.37 per share. The dividend yield is 7.88% annually.

Enbridge President and CEO Al Monaco updated shareholders on the firm’s secured capital program in its Q3 earnings report:

“In the near term, completion of our secured capital program, and embedded growth within each business, is expected to generate 5% to 7% DCF per share through 2022, and support growing free cash flow, net of capital and dividend requirements.”

Hopefully, next year will be better for energy stocks. But it’s also hard to say how quickly the world will return to pre-pandemic energy demand.

TC Energy’s share price is still depressed

TC Energy (TSX:TRP) has also been going through a rough time. The stock fell to a 52-week low of $47.05 from a 52-week high of $76.58 after the March 2020 market sell-off. The stock still hasn’t accomplished much of a rebound since then. It is selling for $53.79 per share as of Monday, $22.79 less than the 52-week high. The dividend yield is 6.00% annually.

TC Energy President & CEO Russ Girling has decent expectations for 2021 despite the difficult year:

“Success in advancing these and other organic growth opportunities emanating from our five operating businesses across North America is expected to support annual dividend growth of eight to 10 per cent in 2021 and five to seven per cent thereafter in this historically low interest rate environment.”

TC Energy’s dividend growth looks attractive, but this is not the best market for energy stocks. Travel is still down and the rollout of the vaccine is slow. It might take the rest of 2021 for energy demand to pick up.

The post 3 Volatile TSX Stocks to Watch in 2021 appeared first on The Motley Fool Canada.

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When you invest in a company, you should sign up to receive email alerts via the investor relations section of the firm’s website. Moreover, whenever the company sets a date to release earnings, mark your calendar! Earnings calls are a great way to stay informed about the financial health of the company.

As a prudent investor, understanding the current and future profitability of the firms in which you invest is crucial. To make good decisions in the stock market, a good investor must do their research.

Here are three stocks that you should watch in 2021.

Bank of Nova Scotia delivering strong results

Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) is still trading under its pre-pandemic 52-week high of $74.92. The stock fell to a 52-week low of $46.38 after the March 2020 market sell-off. Nevertheless, the stock has made some good progress in rebounding.

As of January 8, the stock is trading for $68.99 per share, not far from under its pre-pandemic market value. The dividend yield is 5.22% annually.

President and CEO Brian Porter had this to say about the bank’s fourth-quarter results:

“We delivered improved fourth-quarter results to end the year on a strong note. The Bank’s resilience during the pandemic reflects our strong asset quality and the benefits from our investments in people, processes, and technology as well as our diversified business model. I am extremely proud of the entire Scotiabank team. We continue to focus on our customers, while supporting employees.”

If you are interested in buying some outstanding stocks this year, the Bank of Nova Scotia should be on your list!

Bank of Montreal named a top sustainable bank

Like the Bank of Nova Scotia, the Bank of Montreal (TSX:BMO)(NYSE:BMO) also spent most of 2020 rebounding from the March 2020 market crash. The bank fell from its pre-pandemic 52-week high of $104.75 to a 52-week low of $55.76. The stock is trading for $99.24 per share at the time of writing.

Bank of Montreal stock is only $5.51 away from a complete rebound to its pre-pandemic market value. Now is a great time to buy this stock. Further, the dividend yield is more than decent at 4.27% annually.

BMO Financial Group CEO Darryl White commented on the bank’s achievements during 2020 in its fourth-quarter financial release:

“As we look ahead to 2021, we are continuing to accelerate the execution of our strategy and our Purpose, to Boldly Grow the Good in business and life. We are recognized as a global leader in sustainability, including being the highest-rated bank and placing 15th overall among the 5,500 companies reviewed by the Wall Street Journal in its recent ranking of the Most Sustainably Managed Companies in the World, and scoring in the top 10% of banks on the Dow Jones Sustainability Indices.”

The Bank of Montreal should definitely be on your list of top stocks to buy in 2021.

Brookfield Asset Management stock is a must-own

Brookfield Asset Management (TSX:BAM.A)(NYSE:BAM) suffered a huge drop this year in March to a 52-week low of $31.35. Now the stock is trading for $49.39, just $11.09 below its pre-pandemic 52-week high of $60.48. Now is a good time to catch the remaining rebound in stock market value.

The dividend yield is the lowest out of these three top TSX stocks to buy at 1.24% annually. Nevertheless, Brookfield is a highly regarded name. You can trust your hard-earned savings to Brookfield.

Brookfield CEO Bruce Flatt sounded thrilled with the performance of the firm in its third-quarter earnings results:

“Our third quarter results reflect the strength of both our operating businesses and our asset management franchise. We generated record operating FFO in the quarter, and over the last twelve months earned a record $2.8 billion of cash available for distribution and/or reinvestment, underlining the stability and continued growth of our cash flows. With over $75 billion of capital for deployment, our business is stronger than it has ever been.”

For these reasons, Brookfield is one of the top stocks to own this year.

The post 3 Top TSX Stocks to Buy for the New Year appeared first on The Motley Fool Canada.

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