TPX-B.TO - Molson Coors Canada Inc.

Toronto - Toronto Delayed Price. Currency in CAD
48.95
+1.92 (+4.08%)
At close: 3:56PM EDT
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Previous Close47.03
Open49.49
Bid47.25 x 0
Ask49.05 x 0
Day's Range48.26 - 49.49
52 Week Range47.03 - 82.50
Volume2,043
Avg. Volume5,846
Market Cap10.605B
Beta (5Y Monthly)0.71
PE Ratio (TTM)N/A
EPS (TTM)-38.46
Earnings DateN/A
Forward Dividend & Yield3.00 (6.38%)
Ex-Dividend DateMar. 06, 2020
1y Target EstN/A
  • Ottawa’s ‘backwards’ limit on pot drinks is having unintended consequences, producers warn
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    Ottawa’s ‘backwards’ limit on pot drinks is having unintended consequences, producers warn

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  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,394.36, up 158.15 points.)Baytex Energy Corp. (TSX:BTE). Energy. Up 15 cents, or 34.09 per cent, to 59 cents on 16.2 million shares.Suncor Energy Inc. (TSX:SU). Energy. Up 88 cents, or 3.69 per cent, to $24.73 on 13.7 million shares.Royal Nickel Corp. (TSX:RNX). Materials. Down one cent, or 1.89 per cent, to 52 cents on 9.8 million shares.HEXO Corp. (TSX:HEXO). Health care. Down five cents, or 5.38 per cent, to 88 cents on 9 million shares.BlackBerry Ltd. (TSX:BB). Technology. Up 57 cents, or 8.55 per cent, to $7.24 on 7.4 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Down half a cent, or 1.11 per cent, to 44.5 cents on 6.9 million shares.Companies in the news:BCE Inc. (TSX:BCE). x. Huawei Technologies Inc.'s ambitions to be a player in Canada's 5G network took a major hit Tuesday as two of the country's three largest telecom companies announced partnerships with the Chinese tech giant's European rivals. Bell Canada announced Tuesday morning that Sweden-based Ericsson will be its second supplier of the radio access network equipment that has been Huawei's main product line in Canada since entering the market in 2008. Later in the day, Telus Corp. announced that it had also selected Ericsson, as well of Nokia of Finland, as suppliers for its 5G networks. Air Canada (TSX:AC). X. Air Canada has raised $1.59 billion from share and debt offerings intended to offset some of the carrier's losses from the COVID-19 pandemic. The company said Tuesday it sold 35.4 million voting shares at $16.25 apiece for gross proceeds of $575.6 million. It also issued $1.02 billion in convertible senior unsecured notes due in 2025, well above its initial plan for about $540 million. The financing proceeds help to bolster Air Canada's liquidity after confinement measures and border shutdowns "destroyed demand and depleted cash," chief financial officer Michael Rousseau said in a release.Molson Coors Beverage Co. (TSX:TPX.B). x. Molson Coors Beverage Co. will eliminate about 190 temporary and permanent jobs in Quebec by the end of 2021 following its move to a new brewery complex south of Montreal. The company told employees Tuesday that the more automated facility being built in Longueuil will have new technologies that will improve its efficiency. Molson says 87 permanent and 101 temporary employees will be affected over the next 20 months. Teamsters union spokesman Stephane Lacroix says workers are in limbo because several details about the plant's restructuring still have to be clarified.This report by The Canadian Press was first published June 2, 2020.The Canadian Press

  • The Canadian Press

    Molson will eliminate about 190 jobs following 2021 move of Montreal brewery

    MONTREAL — Molson Coors Beverage Co. will eliminate about 190 temporary and permanent jobs in Quebec by the end of 2021 following its move to a new brewery complex south of Montreal.The company told employees Tuesday that the more automated facility being built in Longueuil will have new technologies that will improve its efficiency.Molson says 87 permanent and 101 temporary employees will be affected over the next 20 months.Teamsters union spokesman Stephane Lacroix says workers are in limbo because several details about the plant's restructuring still have to be clarified.He says the union represents about 500 workers at the Montreal brewery and a distribution centre.This report by The Canadian Press was first published June 2, 2020.Companies in this story: (TSX:TPX.B)The Canadian Press

  • 2 Dividend Stocks to Buy and Sell Today
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    The COVID-19 crisis is striking fear into markets again, so investors may want to take profits in hot dividend stocks like Calian Group Ltd. (TSX:CGY).The post 2 Dividend Stocks to Buy and Sell Today appeared first on The Motley Fool Canada.

  • Canopy Growth hopes for summer love as Seth Rogen pot drinks near release
    Yahoo Finance Canada

    Canopy Growth hopes for summer love as Seth Rogen pot drinks near release

    Investors will get to decide if the Canopy Growth’s beverage bet is paying off as cannabis fights an uphill battle for a home inside Canadian coolers. 

  • Molson Coors expects Q2 drop in sales due to loss of bar and restaurant sales
    The Canadian Press

    Molson Coors expects Q2 drop in sales due to loss of bar and restaurant sales

    Molson Coors Beverage Co. shares fell more than 10 per cent after the beer maker said it expects a challenging second quarter due to the COVID-19 pandemic.The company's shares fell $7.25, or 10.62 per cent, to $61.00 on the Toronto Stock Exchange on Thursday afternoon. Molson shares on the New York Stock Exchange dropped US$5.59, or 12.11 per cent, to US$40.58 in mid-day trading."It's safe to say that the first quarter of 2020 was unlike any other in our company's long history," chief executive Gavin Hattersley told a conference call with analysts after the company released its latest financial results.He noted two significant events that occurred as the company came out of a restructuring: a deadly shooting at its Milwaukee brewery in February and the coronavirus."In a few short months, the landscape for businesses has changed, not only for our industry, but for all of industry."The company is no longer measuring its progress against the five components of its revitalization plan, but rather two new metrics that involve protecting employees and mitigating short-term impacts, and positioning the business to succeed in what the new normal looks like after the pandemic subsides."The coronavirus has had and will have a material impact on our business," Hattersley said.The company, which reports its results in U.S. dollars, saw a first-quarter loss of US$117.0 million or 54 cents per share for the quarter ended March 31 compared with a profit of US$151.4 million or 70 cents per share a year ago.Net sales for the quarter ended March 31 totalled US$2.10 billion, down from US$2.30 billion.Molson Coors reported an underlying profit of US$77 million or 35 cents per share for the quarter compared with a profit of US$112.7 million or 52 cents per share in the first three months of 2019. The company outperformed analyst expectations of US$76.07 million or 33 cents on this metric, according to financial markets data firm Refinitiv.The company, which recently withdrew its 2020 financial guidance due to COVID-19 related uncertainty, expects a significant drop in sales and profits in the second quarter and possibly beyond as a result of the closure of bars and restaurants due to the pandemic.It estimated about 23 per cent of its 2019 consolidated net sales resulted from what it called on-premises consumption, which has effectively been reduced to zero.In the latter half of March, the company experienced a surge in off-premise sales or those at retailers as consumers stocked their pantries, the CEO said, but that trend did not continue into April.The brewer noted that while sales to retailers continue to do well, it does not expect them to fully offset the loss of the bar and restaurant sales.Molson has taken several steps "to protect our balance sheet and put ourselves in the best position to weather the storm," said Hattersley.That includes reducing its capital expenditures for the year by about $200 million, as well as limiting new hiring and furloughing some employees.This report by The Canadian Press was first published April 30, 2020.Companies in this story: (TSX:TPX.B) Aleksandra Sagan, The Canadian Press

  • Molson Coors Reports 2020 First Quarter Results
    Business Wire

    Molson Coors Reports 2020 First Quarter Results

    Molson Coors Reports 2020 First Quarter Results

  • Molson Coors Beverage Company to Webcast 2020 First Quarter Earnings Conference Call
    Business Wire

    Molson Coors Beverage Company to Webcast 2020 First Quarter Earnings Conference Call

    Molson Coors Beverage Company to Webcast 2020 First Quarter Earnings Conference Call

  • Molson Coors and HEXO Corp Expand Partnership with Joint Venture in Colorado
    Business Wire

    Molson Coors and HEXO Corp Expand Partnership with Joint Venture in Colorado

    Molson Coors Beverage Company and HEXO Corp have formed a joint venture to explore opportunities for non-alcohol hemp-derived CBD beverages in CO.

  • Market Crash 2020: Why Are These Canadian Stocks Down So Much?
    The Motley Fool

    Market Crash 2020: Why Are These Canadian Stocks Down So Much?

    Stocks unfairly punished by today's market crash include Rogers Sugar (TSX:RSI), Molson Coors (TSX:TPX.B)(NYSE:TAP), and Northwest Healthcare REIT (TSX:NWH.UN). The post Market Crash 2020: Why Are These Canadian Stocks Down So Much? appeared first on The Motley Fool Canada.

  • Molson Coors (TSX:TPX.B) Might Buy This Cannabis Stock in 2020
    The Motley Fool

    Molson Coors (TSX:TPX.B) Might Buy This Cannabis Stock in 2020

    Molson Coors Canada Inc. (TSX:TPX.B)(NYSE:TAP) could enter the marijuana market in 2020. That's good news for one cannabis stock in particular.The post Molson Coors (TSX:TPX.B) Might Buy This Cannabis Stock in 2020 appeared first on The Motley Fool Canada.

  • Molson Coors Beverage Company Announces Updates Related to COVID-19
    Business Wire

    Molson Coors Beverage Company Announces Updates Related to COVID-19

    Molson Coors Beverage Company (NYSE: TAP; TSX: TPX) today announced several initiatives aimed at protecting and supporting employees – including requiring employees to work from home if they are able, creating a new voluntary paid leave program, thank you pay incentive and paid leave policy, and implementing additional measures to protect its employees who are still working on site. The company is also announcing that it is withdrawing, in its entirety, its financial outlook for 2020 and beyond that was previously provided on February 12, 2020 due to uncertainty regarding the impact of the COVID-19 pandemic.

  • Molson Coors Recommends Stockholders Reject "Mini-Tender" Offer by TRC Capital Investment Corporation
    Business Wire

    Molson Coors Recommends Stockholders Reject "Mini-Tender" Offer by TRC Capital Investment Corporation

    Molson Coors Recommends Stockholders Reject "Mini-Tender" Offer by TRC Capital Investment Corporation

  • Do These 3 Checks Before Buying Molson Coors Canada Inc. (TSE:TPX.B) For Its Upcoming Dividend
    Simply Wall St.

    Do These 3 Checks Before Buying Molson Coors Canada Inc. (TSE:TPX.B) For Its Upcoming Dividend

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  • Canadians: Double Your Money With This 1 Stock!
    The Motley Fool

    Canadians: Double Your Money With This 1 Stock!

    Molson Coors Canada Inc. is trading at a steep discount to intrinsic value. Add it to your TFSA or RRSP today!

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  • This Cannabis Stock Can Rise 300% by 2023
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    This Cannabis Stock Can Rise 300% by 2023

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