|Bid||46.91 x 0|
|Ask||46.96 x 0|
|Day's Range||46.14 - 47.27|
|52 Week Range||33.00 - 52.12|
|Beta (5Y Monthly)||0.87|
|PE Ratio (TTM)||26.75|
|Earnings Date||Mar. 25, 2020 - Mar. 29, 2020|
|Forward Dividend & Yield||0.18 (0.38%)|
|Ex-Dividend Date||Jan. 08, 2020|
|1y Target Est||49.13|
There are a number of quality stocks investors can consider when looking to invest their new 2020 contribution room. Consider a defensive stock with growth opportunities like Dollarama Inc (TSX:DOL).
Tired of sluggish returns? This trio of stocks, including Dollarama (TSX:DOL), could give your portfolio the boost of growth it needs.
The Alimentation Couche-Tard stock and Dollarama stock are the top two consumer stocks on the TSX in the past decade. Both offer portfolio protection when the market is declining.
The TFSA is one of the best tools that you have to invest and grow your capital towards your financial goals. Don't waste the opportunity by holding cash, instead invest in companies like Dollarama Inc (TSX:DOL).
Kinaxis Inc. (TSX:KXS) and Dollarama Inc. (TSX:KXS) stocks have been stars in the 2010s, and I expect this to continue over the next decade.
Dollarama’s share price has the potential to drop in fiscal 2021 following disappointing Q3 2020 results. Is it a good stock for your TFSA or RRSP?
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,897.34, up 5.16 points.)Lundin Mining Corp. (TSX:LUN). Basic Materials. Up 30 cents, or 4.27 per cent, to $7.32 on 13.01 million shares.Encana Corp. Energy. (TSX:ECA). Up 24 cents, or 4.69 per cent, to $5.36 on 9.3 million shares.Canadian Natural Resources Ltd. (TSX:CNQ) Energy. Up $1.19, or 3.29 per cent, to $37.40 on 7.43 million shares.Continental Gold Inc. (TSX:CNL). Mining. Up three cents, or 0.56 per cent, to $5.36 on 5.52 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Up nine cents, or 6.62 per cent, to $1.45 on 4.86 million shares.Royal Bank of Canada. (TSXL:RY). Financial Services. Down $2.23, or 2.08 per cent, to $104.95 on 4.73 million shares.\---Companies in the news:Dollarama Inc. (TSX:DOL). Consumer Defensive. Down $4.34, or about 8.85 per cent, to $44.70 on 2.37 million shares. Dollarama Inc. reported a third-quarter profit of $138.6 million or 44 cents per diluted share, up from $132.1 million or 40 cents per diluted share in the same quarter last year, helped by a boost in sales. Sales for the quarter totalled $947.6 million, up from $864.3 million, and same-store sales, a key retail metric, grew 5.3 per cent.Canadian Natural Resources Ltd. (TSX:CNQ) Energy. Up $1.19, or 3.29 per cent, to $37.40 on 7.43 million shares. Canadian Natural Resources Ltd. said it will spend $250 million more in 2020 than it did last year to drill conventional oil wells in Alberta, which will allow it to add three rigs to drill at about 60 locations. The company linked the decision to the provincial government's recent move to exempt certain new conventional wells from the oil curtailment program it enacted last January and the province's corporate tax cuts announced last spring.Royal Bank of Canada. (TSXL:RY). Financial Services. Down $2.23, or 2.08 per cent, to $104.95 on 4.73 million shares. Royal Bank of Canada says it expects to face a challenging environment in the coming year amid interest rate uncertainty. The bank says it believes it's well prepared to gain market share. The comments came as the bank announced a slightly lower fourth-quarter profit compared with a year ago due in part to declines at its capital markets and insurance units, as well as increased provisions for credit losses in banking, wealth management and capital markets.Laurentian Bank of Canada. (TSX:LB). Financial Services. Down $1.33, or about 2.91 per cent, to $44.45 on roughly 471,000 shares. Laurentian Bank of Canada raised its quarterly dividend by a penny to 67 cents per share as it reported a fourth-quarter profit or $41.3 million or 90 cents per diluted share. That's down from a profit of $50.8 million or $1.13 per diluted share in the same quarter last year.This report by The Canadian Press was first published Dec. 4, 2019.The Canadian PressNote to readers: CORRECTS TSX numbers
MONTREAL — Shares in Dollarama Inc. dropped nearly nine per cent Wednesday despite reporting strong third-quarter results.The discount retail chain saw same-store sales jump 5.3 per cent for the quarter ended Nov. 3 — exceeding the 3.1 per cent growth in the same quarter the previous year.That increase consisted of a 2.8 per cent boost in average transaction size, thanks in part to an increase in the number of units per basket, the company said. A 2.4 per cent increase in traffic also helped same-store sales grow."Based on our performance to date, we are narrowing our underlying full-year comparable store sales assumption to four per cent to 4.5 per cent, the top end of the previously disclosed range," said CEO Neil Rossy in a statement.Sustained momentum in this metric in the 2021 financial year — Dollarama is currently reporting for its 2020 financial year — "could be a catalyst for share price/modest valuation expansion, in our view," wrote Irene Nattel, an RBC Dominion Securities Inc. analyst, in a note. Analysts had expected a 3.75 per cent quarterly increase in same-store sales for the discounter, she wrote, below the reported 5.3 per cent increase.Dollarama shares closed down $4.34, or 8.85 per cent, to $44.70 on the Toronto Stock Exchange.Nattel attributed the intraday trading activity to management's cautious tone around fourth-quarter expectations and projected shipping costs for the next financial year.For the quarter, Dollarama reported a profit of $138.6 million, up from $132.1 million in the same quarter last year, helped by a boost in sales.The discount retailer says the profit amounted to 44 cents per diluted share compared with a profit of 40 cents per diluted share in the same quarter last year.Sales in the quarter totalled $947.6 million, up from $864.3 million.Analysts on average had expected sales of $936.8 million and a profit of 45 cents per share, according to financial markets data firm Refinitiv.New stores helped boost sales. Dollarama added 21 net new stores in the quarter — up from 14 in the same quarter last year — for a total count of 1,271 as of Nov. 3. It remains on track to open between 60 and 70 net new stores in this financial year as it works to grow to 1,700 locations in Canada by 2027.This report by The Canadian Press was first published Dec. 4, 2019.Companies in this story: (TSX:DOL)The Canadian Press
Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) and Dollarama Inc. (TSX:DOL) are vulnerable to the civil unrest and rising geopolitical risk being witnessed in Latin America.