4 TSX Price Performers To Buy This Month

3 min read | April 07, 2021 11:37 AM EDT | By Shreya Biswas

Source: solarseven, Shutterstock

After the long Easter weekend, investors are gearing up yet another month of exploring the right stocks. If they were to take a peek at the top Canadian bourse of Toronto Stock Exchange (TSX), they would notice the top price performers that are outshining their peers on the trending charts.

What more should you know about these companies? Let’s take a close look at the profiles of the top TSX-listed price performers to know better.

 

Constellation Software Inc (TSX:CSU)


Constellation Software Inc is a Canadian tech company that focuses on building software for public and private sector markets and is operational in North and South Americas, Europe, Australia and Africa.

Since debuting on the TSX in May 2006, its stocks have ballooned by a whopping 10,234 per cent in the last 15 years. More recently, Constellation shares inflated by over 41 per cent in the past year and by nearly eight per cent year-to-date (YTD).

1-year chart of stock performance of Constellation Software (Source: EODHD/Others/Thomson Reuters)

 

The Toronto-based diversified software company recorded a 31 per cent year-over-year (YoY) surge in its net income of US$ 436 million in 2020. It also pays a quarterly dividend of US$ 1, currently posting a dividend yield of 0.285 per cent, according to the TMX data.

 

E-L Financial Corporation Limited (TSX:ELF)


Founded in 1968, E-L Financial Corporation is an investment and insurance holding company based out of Toronto. Its stocks surged over 53 per cent in the past one year, while recording a growth of nearly 23 per cent YTD.

It currently holds a price-to-earnings (P/E) ratio of 6.8, a return on equity (ROE) of 7.92 per cent and a return on assets of 1.99 per cent, as per TMX.

E-L Financial distributes a dividend of C$ 1.25 on a quarterly basis, with a dividend yield of 0.532 per cent. It reported an annual net income of C$ 500 million in 2020.

 

Fairfax Financial Holdings Limited (TSX:FFH)


A Toronto-based holding company, Fairfax Financial Holdings engages in investment and insurance related claims management. Its stocks record a one-year growth of about 44 per cent and YTD growth of 29 per cent.

1-year chart of stock performance of Fairfax Financial (Source: EODHD/Others/Thomson Reuters)

 

On Tuesday, Fairfax stock hit a fresh 52-week high of C$ 562.35. It posts a price-to-earnings (P/E) ratio of 94.5, a return on equity (ROE) of 19.34 per cent and a return on assets of 3.72 per cent.

Fairfax too pays a dividend of US$ 10 on an annual basis, currently posting an yield of 2.282 per cent, as per TMX data.

 

Franco-Nevada Corporation (TSX:FNV)


Trending high among top basic materials and metal stocks on the TSX, Franco-Nevada Corporation saw its scrips skyrocket by over 100 per cent in the past five years. It posts a price-to-earnings (P/E) ratio of 76.2, a return on equity (ROE) of 6.15 per cent and a return on assets of 5.94 per cent.

Also based in Toronto, Franco-Nevada focuses on investing in precious metals and royalty streams and accumulating a diversified portfolio of them. Its net income for the third quarter of 2020 surged by 51 per cent YoY to US$ 153 million.

Franco-Nevada, currently holding a dividend yield of 0.797 per cent (as per TMX data), pays a quarterly dividend of US$ 0.26 to its shareholders.


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