|Bid||0.00 x 900|
|Ask||31.77 x 1400|
|Day's Range||31.68 - 32.24|
|52 Week Range||21.57 - 45.61|
|Beta (5Y Monthly)||1.16|
|PE Ratio (TTM)||27.91|
|Forward Dividend & Yield||0.48 (1.51%)|
|Ex-Dividend Date||May 28, 2020|
|1y Target Est||41.31|
Brookfield Renewable Partners (NYSE: BEP) has been a compounding machine since its formation about two decades ago. From inception through the end of 2019, the renewable energy producer generated an annualized total return of 18%, which pulverized the S&P 500's 6% annualized total return during that period. Any small sum can turn into a million-dollar payday given enough time and rate of return.
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We asked our writers for their top stock picks from the financial sector. Some of the picks include Toronto-Dominion Bank (TSX:TD)(NYSE:TD), goeasy Ltd (TSX:GSY), and TMX Group Ltd (TSX:X). The post Top TSX Financial Stocks for June 2020 appeared first on The Motley Fool Canada.
With plenty of volatility in oil prices, renewable energy stocks are looking a lot more attractive to investors. One top renewable energy pick is recent outperformer Brookfield Renewable Partners (NYSE: BEP). Managed by the capable team at Brookfield Asset Management (NYSE: BAM), Brookfield Renewable's unit price growth has skunked the market over the last three years -- up 51.3%, compared to just 23.8% for the S&P 500.
(Bloomberg) -- Brookfield Asset Management Inc. is in discussions with administrators for Virgin Australia Holdings Ltd. over rejoining the bidding for the airline after withdrawing from consideration, people familiar with the matter said.The Canadian asset manager had submitted a proposal before the May 15 deadline for indicative offers for the carrier, but withdrew over concerns about the competitive environment, said one of the people, who asked not to be identified as the discussions are private.Brookfield’s concerns about the process include that there are too many bidders and that the timeline is too short, both of which make it difficult to ascertain the key information they would need to firm up a bid, said the people.The revival of Brookfield’s bid would shake up a shortlist that Deloitte had described as a small number of well-funded parties with strong aviation credentials. The process has included as many as 20 parties initially expressing interest.Either the administrators or Brookfield could decide not to proceed with the discussions. Representatives for Brookfield and Deloitte declined to comment.In its May 18 statement confirming that it had determined the shortlist, Deloitte said it could not comment on who the chosen parties were due to confidentiality commitments.Deloitte has said it plans to work intensely with the shortlisted parties, as it seeks binding offers by mid-June.Virgin Australia entered voluntary administration last month after being overwhelmed by A$6.5 billion ($4.3 billion) in debt amplified by years of losses and a severe revenue shortfall from coronavirus-related travel cancellations.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
All Class A Share amounts are presented, where applicable, on a post-stock split basis to account for the three-for-two stock split completed on April 1, 2020. BROOKFIELD, NEWS, May 21, 2020 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (BAM) (BAM-A.TO) today announced it has received approval from the Toronto Stock Exchange (“TSX”) for the renewal of its normal course issuer bid to purchase up to 132,829,848 Class A Limited Voting Shares (“Class A Shares”), representing 10% of the public float of Brookfield’s outstanding Class A Shares. Purchases under the bid will be made through the facilities of the TSX, the New York Stock Exchange (“NYSE”), and/or alternative trading systems.
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TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (14,509.66, up 6.45 points.)Centric Health Corp. (TSX:CHH). Health care. Down half a cent, or 2.08 per cent, to 23.5 cents on 19.6 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Down 14 cents, or 0.86 per cent, to $16.10 on 19.1 million shares.Enbridge Inc. (TSX:ENB). Energy. Down $1.04, or 2.36 per cent, to $43.00 on 10.7 million shares.Monarch Gold Corp. (TSX:MQR). Materials. Down four cents, or 14.04 per cent, to 24.5 cents on 10 million shares.Cenovus Energy Inc. (TSX:CVE). Energy. Unchanged to $4.94 on 9.8 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Up half a cent, or 1.18 per cent, to 43 cents on 9.2 million shares.Companies in the news:Aurora Cannabis Inc. (TSX:ACB). Up 91 cents or 11 per cent to $9.20. Aurora Cannabis Inc. says it incurred a $137.4 million net loss in its third quarter, down from the $1.3 billion it reported the quarter before. The Edmonton-based cannabis company says the period ended Mar. 31 saw improvement because the quarter before it had a $762.2 million goodwill impairment charge and $210.6 million impairment charge on intangibles and property, plant and equipment. Net revenue rose to $75.2 million from the $56 million it accrued the quarter before.WildBrain Ltd. (TSX:WILD). Up one cent to $1.11. WildBrain Ltd. continues to see advertising-supported video streaming to be a big part of its future growth despite current conditions affecting the company and industry, chief executive Eric Ellenbogen told analysts Thursday. Those conditions prompted WildBrain to record a $184.5-million writedown of goodwill and a third-quarter loss, due to the impact on advertising revenue from YouTube's changes to targeted ads as well as potential impacts of the COVID-19 economic slowdown. The one-time charge resulted in WildBrain reporting a loss of $221.7 million or $1.30 per share. That compared with a year-earlier net loss of $18.4 million or 14 cents per share.Brookfield Asset Management Inc. (TSX:BAM.A). Down 57 cents or 1.3 per cent to $43.06. Brookfield Asset Management Inc. sees investment opportunities growing in the coming months as the economy bounces back somewhat less than many expect. A slower recovery will mean more companies need capital and investment from firms like Brookfield that have been preparing for an economic shift, Brookfield chief executive Bruce Flatt told a conference call Thursday to discuss the company's latest results. The COVID-19 pandemic helped push the company into a first-quarter loss of US$US$157 million compared with a profit of nearly US$1.26 billion in the same quarter last year.Quebecor Inc. (TSX:QBR.B). Down 18 cents to $28.69. Quebecor Inc. reported a $131.6-million profit for the first quarter and a 2.7 per cent increase in revenue compared with the same time last year despite feeling the initial effects of the COVID-19 pandemic and economic slowdown. The telecommunications and media company, which operates the Videotron internet and wireless business and the TVA broadcasting network, said Thursday its network successfully absorbed a substantial increase in traffic since the crisis began. Chief executive Pierre Karl Peladeau said Quebecor helped its customers stay connected during the pandemic, by removing data caps on internet services and opening access to a news channel.This report by The Canadian Press was first published May 14, 2020. The Canadian Press
TORONTO — Brookfield Asset Management Inc. sees investment opportunities growing in the coming months as the economy bounces back somewhat less than many expect.A slower recovery will mean more companies need capital and investment from firms like Brookfield that have been preparing for an economic shift, Brookfield chief executive Bruce Flatt told a conference call Thursday to discuss the company's latest results."There'll be more opportunities in three months from now, and there'll be a greater number in six months from now. And that's merely because our expectation is that the economic recovery will be slightly less than everyone hopes," Flatt said.He said the company has US$60 billion in available liquidity ready to deploy as opportunities arise.The COVID-19 pandemic helped push the company into a first-quarter loss of US$US$157 million compared with a profit of nearly US$1.26 billion in the same quarter last year.The company, which keeps its books in U.S. dollars, says the loss amounted to 20 cents per share for the quarter ended March 31 compared with a profit of 39 cents per share a year ago.The loss came as Brookfield was hit by non-cash, unrealized adjustments during the last month of the quarter, which included the plunge on the stock markets. However, the alternative asset manager said that it expects many of these changes to reverse as markets recover.Toronto-based Brookfield announced last week a US$5-billion program to invest in cash-strapped retail business and operations, focused on companies that have US$250 million or more in revenues.The company has a direct interest in the success of the retail sector because it is heavily invested in malls and other retail properties, which make up about a third of its real estate assets under management, concentrated in the United States.The COVID-19 pandemic has forced the closure of many of the company's retail properties and reduced earnings from the sector. Brookfield's property division reported last week that only about 20 per cent of its retail tenants paid rent in April.Brian Kingston, chief executive of Brookfield's property divisions, said that while the sector is taking a short-term hit, the company's focus on densely populated high-growth markets is still sound.He said more online businesses are looking for physical stores in these areas, while weaker stores with older business models are bowing out and Brookfield is converting some of that freed-up space into residential and entertainment uses to create a more urban environment."We had initially expected this process to play out over an extended number of years. However, the sudden impact of the COVID-19 crisis has accelerated the demise of the weaker balance sheets and poor business models."This report by The Canadian Press was first published May 14, 2020.Companies in this story: (TSX:BAM.A)Ian Bickis, The Canadian Press
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BROOKFIELD, News, May 14, 2020 -- Brookfield Asset Management Inc. (NYSE: BAM, TSX: BAM.A) today announced financial results for the quarter ended March 31, 2020. Bruce Flatt,.
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The fate of retailers and shopping malls is becoming even more inextricably linked as mall owner Brookfield Asset Management (NYSE: BAM) announced it is establishing a $5 billion fund to take non-controlling interests in ailing retailers. With its Brookfield Property Partners (NASDAQ: BPY) unit, which typically holds Brookfield Asset's mall investments, already taking stakes in Aeropostale and Forever 21 to help forestall the ravages of the retail apocalypse, this latest effort deepens the relationship between landlord and tenant. Brookfield Asset Management is funding the program through its internal resources as well as those from its institutional partners.
Social distancing measures to impact Brookfield's (BAM) hospitality and retail properties in Q1. Yet, fee-related earnings are likely to grow due to the contributions from Oaktree distressed debt fund.
The oil industry could take a lot longer to recover than the economy. Five experts weigh in on better investments for reliable dividends.
Brookfield Asset Management Inc. (“Brookfield”) (TSX: BAM.A, NYSE: BAM) today announced the launch of a Retail Revitalization Program (“the Program”) to bring much needed capital and assist with the recapitalization of retail businesses with operations in the major markets in which Brookfield operates globally. The Program, which will be funded by Brookfield and its institutional partners, will focus on non-control investments in retail businesses to assist with their capital needs during this period of dislocation. Brookfield is targeting $5 billion to be put toward this Program.
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Three Canadian gems are now on sale: Royal Bank of Canada (TSX:RY)(NYSE:RY), Enbridge Inc. (TSX:ENB)(NYSE:ENB), and Brookfield Asset Management (TSX:BAM.A)(NYSE:BAM).The post These 3 Canadian Gems Are on Sale Now appeared first on The Motley Fool Canada.
Low oil prices are hurting oil production companies, many of which are spending more to pump oil than they are getting for it. Here's why they expect these stocks to benefit from oil prices at these levels. Travis Hoium (Frontline): Cratering oil prices are creating conditions for a huge windfall flowing to oil tanker companies like Frontline.
Like most other stocks, Brookfield Asset Management (NYSE: BAM) has suffered the ups and downs that have come with the coronavirus pandemic over the past two months. Brookfield Asset Management is an alternative asset manager, which means it makes investments outside of classic investment categories such as stocks and bonds. The company invests in many businesses through its publicly traded partnerships, which include Brookfield Property Partners (NASDAQ: BPY), Brookfield Infrastructure Partners (NYSE: BIP), Brookfield Renewable Partners (NYSE: BEP), and Brookfield Business Partners (NYSE: BBU).