Top Canadian Stocks To Invest In 2023


Sundial Growers (NASDAQ:SNDL) stock is a perplexing one to analyze.

Source: Postmodern Studio / Shutterstock.com

The mass-market Canadian marijuana producer has had a wild ride in the last six months, going from an afterthought to the most talked-about cannabis stock out there. But during this time, one question has vexed Sundial bulls.

Does the company have the ability to deliver strong earnings consistently?

After the latest earnings report, those questions still loom large over Sundial. Yes, there definitely was something to cheer for. Net loss improved marginally, and the company noted that it would have recorded positive net income without an asset impairment charge.

Top Canadian Stocks To Invest In 2023: Natural Gas(NG)

NovaGold Resources Inc., through its subsidiaries, engages in the exploration and development of mineral properties primarily in North America. The company primarily explores for gold, silver, copper, zinc, and lead ores. It holds interests in the Donlin Creek property covering 81,361 acres and the Ambler property comprising 90,614 acres located in Alaska; and the Galore Creek property comprising 293,838 acres located in northwestern British Columbia, Canada. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc. in March 1987. NovaGold Resources Inc. was founded in 1984 and is based in Vancouver, Canada.


Advisors’ Opinion:

  • [By ]

    The Paulson & Co. 13F showed that it held 40 stocks at the end of the second quarter. Its largest position is drug manufacturer Bausch Health Companies (BHC), accounting for 18.2% of its overall portfolio. In addition, Paulson owns large positions in several gold producers,  the biggest being NovaGold Resources (NG).

  • [By Joseph Griffin]

    Get a free copy of the Zacks research report on Novagold Resources (NG)


    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Max Byerly]

    A number of large investors have recently made changes to their positions in NG. SlateStone Wealth LLC purchased a new stake in NovaGold Resources during the 4th quarter valued at about $49,000. Signition LP purchased a new position in NovaGold Resources during the fourth quarter worth approximately $50,000. Pin Oak Investment Advisors Inc. boosted its position in NovaGold Resources by 42.3% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 23,985 shares of the mining company’s stock worth $95,000 after purchasing an additional 7,125 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in NovaGold Resources by 16.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 24,610 shares of the mining company’s stock worth $98,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new position in NovaGold Resources during the fourth quarter worth approximately $128,000.


    ILLEGAL ACTIVITY WARNING: “NovaGold Resources (NG) Sees Large Volume Increase” was reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece of content can be accessed at www.tickerreport.com/banking-finance/4204737/novagold-resources-ng-sees-large-volume-increase.html.

    About NovaGold Resources (NYSEAMERICAN:NG)

  • [By Stephan Byrd]

    Novagold Resources (NASDAQ:NG) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Top Canadian Stocks To Invest In 2023: Prestige Brand Holdings Inc.(PBH)

Prestige Brands Holdings, Inc., together with its subsidiaries, engages in marketing, selling, and distributing over-the-counter healthcare and household cleaning products primarily in North America. The company?s Over-The-Counter Healthcare segment offers a portfolio of OTC products under nine core OTC brands, including Chloraseptic sore throat remedies, Clear Eyes eye drops, Compound W wart removers, Dramamine motion sickness products, Efferdent and Effergrip denture products, Little Remedies pediatric healthcare products, Luden’s cough drops, PediaCare pediatric healthcare products, and The Doctor?s brand of oral care products. This segment also provides other significant brands that include Dermoplast first-aid products, Murine eye and ear care products, NasalCrom allergy relief product, New-Skin liquid bandage, and Wartner wart removers. Its Household Cleaning segment markets household cleaning products, such as abrasive and non-abrasive tub and tile cleaner, scrubb ing pads and sponges, dilutables, anti-bacterial hard surface spray for counter tops, and glass cleaners under the Comet, Chore Boy, and Spic and Span brands. Prestige Brands Holdings distributes its products through various retail channels, including drug, food, dollar, and club stores, as well as supermarkets and mass merchandisers. The company was founded in 1996 and is headquartered in Irvington, New York.


Advisors’ Opinion:

  • [By Logan Wallace]

    Get a free copy of the Zacks research report on Prestige Consumer Healthcare (PBH)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Joseph Griffin]

    Prestige Consumer Healthcare Inc (NYSE:PBH) – Stock analysts at William Blair cut their Q4 2019 earnings estimates for shares of Prestige Consumer Healthcare in a report released on Thursday, February 7th. William Blair analyst J. Andersen now forecasts that the company will post earnings of $0.69 per share for the quarter, down from their previous forecast of $0.70. William Blair also issued estimates for Prestige Consumer Healthcare’s FY2020 earnings at $2.80 EPS.

  • [By Motley Fool Transcribers]

    Prestige Brands Holdings Inc  (NYSE:PBH)Q3 2019 Earnings Conference CallFeb. 07, 2019, 8:30 a.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

  • [By Logan Wallace]

    Shares of Prestige Brands Holdings, Inc. (NYSE:PBH) have been assigned a consensus recommendation of “Hold” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $71.40.

Top Canadian Stocks To Invest In 2023: NEW GOLD INC.(NGD)


New Gold Inc. engages in the acquisition, exploration, extraction, processing, and reclamation of mineral properties. The company primarily explore for gold, silver, and copper deposits. Its operating properties include the Mesquite gold mine in the United States; the Cerro San Pedro gold-silver mine in Mexico; and the Peak gold-copper mine in Australia. The company also has development projects, including the New Afton gold, silver, and copper project in Canada; and a 30% interest in the El Morro copper-gold project in Chile. The company was formerly known as DRC Resources Corporation and changed its name to New Gold Inc. in June 2005. New Gold Inc. was founded in 1980 and is headquartered in Vancouver, Canada.


Advisors’ Opinion:

  • [By Ethan Ryder]

    ILLEGAL ACTIVITY NOTICE: “New Gold Inc (NGD) Short Interest Down 3.5% in March” was published by Ticker Report and is owned by of Ticker Report. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at www.tickerreport.com/banking-finance/4282582/new-gold-inc-ngd-short-interest-down-3-5-in-march.html.

  • [By Ethan Ryder]

    New Gold (NYSEAMERICAN:NGD) had its price objective lowered by analysts at Royal Bank of Canada from $1.25 to $1.00 in a research report issued on Wednesday. The brokerage currently has an “underperform” rating on the basic materials company’s stock. Royal Bank of Canada’s target price indicates a potential upside of 14.50% from the stock’s current price.

Top Canadian Stocks To Invest In 2023: UniSource Energy Corporation(UNS)

UniSource Energy Corporation engages in the electric generation and energy delivery businesses. The company?s TEP segment generates, transmits, and distributes electricity to approximately 403,000 retail electric customers, including residential, commercial, industrial, and public sector customers in southeastern Arizona. It also sells electricity to other utilities and power marketing entities. As of December 31, 2010, this segment owned or leased 2,245 MW of net generating capacity, as well as owned or participated in electric transmission and distribution system consisting of 512 circuit-miles of 500-kV lines; 1,087 circuit-miles of 345-kV lines; 379 circuit-miles of 138-kV lines; 478 circuit-miles of 46-kV lines; and 2,621 circuit-miles of lower voltage primary lines. TEP segment generates electricity from coal, gas, oil, and solar sources. The company?s UNS Gas segment distributes gas to approximately 146,500 retail customers in Mohave, Yavapai, Coconino, and Navajo c ounties in northern Arizona, as well as Santa Cruz County in southeastern Arizona. As of December 31, 2010, this segment?s transmission and distribution system consisted of approximately 30 miles of steel transmission mains, 4,211 miles of steel and plastic distribution piping, and 136,439 customer service lines. The company?s UNS Electric segment transmits and distributes electricity to approximately 91,000 retail customers consisting of residential, commercial, and industrial customers in Mohave and Santa Cruz counties. As of December 31, 2010, UNS Electric?s transmission and distribution system consisted of approximately 56 circuit-miles of 115-kV transmission lines, 271 circuit-miles of 69-kV transmission lines, and 3,599 circuit-miles of underground and overhead distribution lines. This segment also owns the 65 MW Valencia plant, as well as 39 substations having an installed capacity of 1,788,050 kilovolt amperes. The company was founded in 1902 and is based in Tucson, Arizona.


Advisors’ Opinion:

  • [By Max Byerly]

    Uni Select (TSE:UNS)’s stock had its “hold” rating restated by equities research analysts at TD Securities in a report issued on Friday. They currently have a C$24.00 price objective on the stock. TD Securities’ price target points to a potential upside of 8.21% from the stock’s current price.

  • [By Ethan Ryder]

    Uni Select (TSE:UNS) had its price target lifted by investment analysts at Macquarie from C$24.00 to C$25.00 in a report released on Wednesday. Macquarie’s price objective suggests a potential upside of 18.32% from the stock’s current price.

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