Stornoway Diamond Corp. (TSX:SWY) released its 2016 financial and operating results on Feb. 23. Stornoway is one of the top diamond exploration and development companies in Canada. It is headquartered in Montreal and is listed on the Toronto Stock Exchange. The company’s flagship asset is the Renard Diamond Project, which is the first diamond mine in Quebec.
The major highlights in Stornoway's financial report for 2016 included the official opening of Reinard Diamond Mine on Oct. 19, 2016, in a grand ceremony that was attended by local as well as regional dignitaries, Stornoway staff, stakeholders in the project and members of the local community. The Renard Diamond Mine is the first diamond producing mine in Quebec and the sixth in Canada. The project was initiated in July 2014 and the first commercial production was announced on Jan. 1.
The total costs of the project as of Dec. 31, 2016, stood at 771.2 million Canadian dollars ($585.8 million), which was 99% of the project’s budget. With CA$2.8 million set aside for 2017, the total cost of completing the project is estimated at CA$774 million, which is CA$37 million below the initial budget set for the project in 2014.
Top Canadian Stocks To Watch For 2019: Information Services Group Inc.(III)
Advisors' Opinion:- [By Logan Wallace]
CGI Group (NYSE: GIB) and Information Services Group (NASDAQ:III) are both computer and technology companies, but which is the better investment? We will contrast the two companies based on the strength of their profitability, earnings, dividends, analyst recommendations, risk, valuation and institutional ownership.
- [By Joseph Griffin]
3i Group (LON:III) had its price target upped by Societe Generale from GBX 1,020 ($13.58) to GBX 1,130 ($15.04) in a research note released on Thursday. The brokerage currently has a buy rating on the stock.
- [By Joseph Griffin]
RMR Group (NASDAQ: RMR) and Information Services Group (NASDAQ:III) are both finance companies, but which is the better investment? We will compare the two companies based on the strength of their analyst recommendations, risk, profitability, dividends, valuation, institutional ownership and earnings.
Top Canadian Stocks To Watch For 2019: China Metro-Rural Holdings Limited(CNR)
Advisors' Opinion:- [By Ethan Ryder]
State of Tennessee Treasury Department lessened its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 842,775 shares of the transportation company’s stock after selling 13,507 shares during the quarter. State of Tennessee Treasury Department owned about 0.11% of Canadian National Railway worth $61,565,000 as of its most recent filing with the SEC.
- [By Shane Hupp]
Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp cut its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 21.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,956,400 shares of the transportation company’s stock after selling 522,300 shares during the period. Canadian National Railway accounts for about 1.7% of Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s investment portfolio, making the stock its 7th biggest position. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned 0.27% of Canadian National Railway worth $184,215,000 at the end of the most recent reporting period.
- [By Max Byerly]
Canadian National Railway (NYSE:CNI) (TSE:CNR) – Cormark raised their Q3 2018 earnings per share (EPS) estimates for Canadian National Railway in a research report issued to clients and investors on Tuesday, April 10th. Cormark analyst D. Tyerman now expects that the transportation company will post earnings per share of $1.15 for the quarter, up from their previous estimate of $1.14.
- [By Shane Hupp]
Wall Street analysts expect that Canadian National Railway (NYSE:CNI) (TSE:CNR) will announce $1.02 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Canadian National Railway’s earnings, with the highest EPS estimate coming in at $1.06 and the lowest estimate coming in at $0.97. Canadian National Railway reported earnings per share of $1.00 in the same quarter last year, which would suggest a positive year over year growth rate of 2%. The company is expected to announce its next quarterly earnings results on Tuesday, July 24th.
- [By Stephan Byrd]
Brokerages expect Canadian National Railway (NYSE:CNI) (TSE:CNR) to announce earnings of $1.03 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Canadian National Railway’s earnings, with the highest EPS estimate coming in at $1.10 and the lowest estimate coming in at $0.97. Canadian National Railway reported earnings of $1.00 per share in the same quarter last year, which would indicate a positive year over year growth rate of 3%. The business is scheduled to issue its next quarterly earnings report on Tuesday, July 24th.
Top Canadian Stocks To Watch For 2019: Safeway Inc.(SWY)
Advisors' Opinion:- [By Jim Robertson]
In addition, Goldcorp��s (NYSE: GG) �l茅onore mine in the heart of the territory along with the Troilus mine (which produced over 2 million ounces of gold from 1997-2010 and is estimated to have another remaining 2 million ounces of reserves) are helping to maintain the interest of junior exploration companies in nearby properties. The same can be said about the Otish Mountains�area following the discovery of diamonds by�Stornoway Diamond Corporation (TSX: SWY) at their Renard diamond mine which is projected to produce 1.5-2 millions carats per year.
Top Canadian Stocks To Watch For 2019: Wells Fargo & Company(WFC)
Advisors' Opinion:- [By Shah Gilani]
The dirt at Wells Fargo & Co. (NYSE: WFC) knows no depths. Last week, yet another example of systemic fraud was unearthed.
From 2017 through early 2018, employees at the Systemically Important Financial Institution (SIFI) fraudulently altered social security numbers, addresses, and dates of birth on thousands of corporate customer documents.
- [By Douglas A. McIntyre]
Wells Fargo & Co. (NYSE: WFC), plagued by a long list of banking rule violations and hundreds of millions of dollars in government penalties, has launched a new marketing campaign:
- [By Lee Jackson]
This large cap bank is a solid value play for 2018, but still faces the possibility of large fines. Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.8 trillion in assets. The company provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,700 locations, 12,800 ATMs, the internet and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. Wells Fargo serves one in three households in the United States.
