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Most Canadian stocks entered 2021 in a bashed-up state, battered by the pandemic. Though a handful companies continued to knock the ball of the park amid the lockdowns, a bulk of them are almost starting from scratch, trying to gain lost grounds.
In this article, we explore five stocks from diverse industries, which continued to outperform their respective index in 2021. Despite their healthy growth chart, the scrips navigated under the radar.
These stocks belong from healthcare, financial, energy, basic materials, and industrials sectors.
Presenting the five best kept secrets of Bay Street:
1) ATS Automation Tooling Systems Inc. (TSX:ATA)
This automotive product producer’s stock has risen 23.09 per cent this year, surpassing the gains of the TSX industrial index that is up 18.39 per cent year-to-date (YTD)*.
In the third quarter of fiscal 2021, ATS’ top line marginally increased by 1 per cent year-over-year (YoY) to C$ 369.7 million. Its diluted and basic earnings per share (EPS) soared by five times to C$0.20, as against C$0.04 in Q3 FY20.
ATS YTD Stock Performance Chart. (Source: EODHD/Others)
The stock registered a 52-week high of C$ 29.89 per share on February 19. It currently stands at C$ 27.51 apiece.
2) Greenbrook TMS Inc. (TSX:GTMS)
Stocks of the mental therapy provider are up 45.75 per cent YTD, overshadowing the healthcare index that has gained 40.38 per cent in 2021.
Greenbrook is a part of world’s first psychedelics driven exchange-traded fund (ETF). The stock’s last closed price is C$ 18.51, up 270.20 per cent against a 52-week low of C$ 5 per share. The company is likely to announce its fourth quarter results for 2020 on March 30, 2021.
Greenbrook’s YTD Stock Performance Chart. (Source: EODHD/Others)
3) Domtar Corporation (TSX:UFS)
The pulp and paper company’s share rallied last month, with nearly 19 per cent growth. It has surged 15.59 per cent YTD, yielding higher returns from the basic materials index that rose 11.27 per cent this year*.
The company expects pulp markets to recover steadily, guided by improved demand, restoration, and restocking in China.
Its stock is currently trading at C$ 42.52, down by 5 per cent from a 52-week high of C$ 49.00 per share.
Domtar’s YTD Stock Performance Chart. (Source: EODHD/Others)
4) Trisura Group Ltd. (TSX:TSU)
This insurance service company’s stock has swelled around 39 per cent, outpacing the financial index that has marched forward by 33.60 per cent this year*.
The firm posted a profit of C$ 10.9 million in Q4 2020, a massive surge of 162.4 per cent YoY.
Its EPS was C$ 1.05 in the last quarter of 2020 from EPS of C$0.47 in Q4 2019. The stock also holds a handsome return of 148.52 per cent in one year and a current price of C$ 123.72 per common share.
Trisura’s YTD Stock Performance Chart. (Source: EODHD/Others)
5) Crescent Point Energy Corp. (TSX:CPG)
This oil and gas stock is up 577.33 per cent from its 52-week low of C$ 0.75 (tumbled on March 18, 2020). Its current share price has grown more than 71 per cent YTD to C$ 5.08, outshining the energy index that is up 64.51 per cent in 2021*.
The company is all set to buy Kaybob Duvernay assets from Shell Canada Energy for C$900 million and expects to close the acquisition in April.
It will distribute a dividend yield of C$ 0.003 per stock for the current quarter.
Crescent’s YTD Stock Performance Chart. (Source: EODHD/Others)
*As per EODHD/Others data on March 4, 2021.
