- The Omicron scare and mounting inflation continue to stress the Canadian economy in 2022.
- As government officials are undertaking necessary actions to control the virus spread, people could use quality value stocks to balance their financial health.
- A transportation and logistics stock mentioned here returned nearly 97 per cent in the last year.
The Omicron scare and mounting inflation continue to stress the Canadian economy in 2022. As government officials are undertaking necessary actions to control the virus spread, people could use quality value stocks to balance their financial health.
Here are the top five TSX-listed value stocks to consider for 2022 that may harness significant gains.
1. Nuvei Corporation (TSX:NVEI)
Nuvei Corporation, in Q3 FY2021, recorded an 88 per cent year-over-year (YoY) surge to US$ 21.6 billion in total volume. The payment technology company posted revenue of US$ 183.9 million in the latest quarter, up by 96 per cent YoY.
The Montreal-based company saw its scrip close at C$ 78.26 apiece on Thursday, January 6. This payment tech scrip, which clocked a 52-week high of C$ 180 (on September 17, 2021), delivered a one-year gain of over 21 per cent.
2. Pollard Banknote Limited (TSX:PBL)
Pollard Banknote Limited is a lottery firm and offers charitable gaming products worldwide. The Winnipeg-headquartered firm posted sales of C$ 116.9 million in the third quarter of FY2021.
The lottery firm will pay a quarterly dividend of C$ 0.04 per share on January 14. Stocks of Pollard Banknote increased by over eight per cent in the last one month. The lottery stock closed at C$ 38 per share on January 6.
3. Shopify Inc (TSX:SHOP)
Shopify Inc saw its third-quarter revenue rise by 46 per cent YoY in FY2021. Its revenue amounted to US$ 1.12 billion in the latest quarter.
Stocks of Shopify, which had a return on equity (ROE) of 38.87 per cent, closed at C$ 1,487.47 apiece on January 6, returning about eight per cent in the past year.
4. TFI International Inc (TSX:TFII)
TFI International Inc reported total revenue of US$ 2.09 billion in the third quarter of fiscal 2021 compared to 936.1 million in Q3 2020.
The transportation and logistics company has scheduled a quarterly dividend payment of US$ 0.27 apiece on January 17.
Stocks of TFI International closed at C$ 130.19 apiece January 6, returning nearly 97 per cent in the last year.
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5. Agnico Eagle Mines Limited (TSX:AEM)
Agnico Eagle Mines Limited recorded total revenue of US$ 974.07 million in the quarter ending September 30, 2021.
The Canadian gold miner, which had a market capitalization of C$ 15 billion, saw its stock close at C$ 63.63 apiece on January 6. The mining stock climbed over one per cent in the past one month.
When chosen with the right mindset, value stocks can fetch significant returns in the future. Hence, it is crucial to note financial and operational details combined with market dynamics to evaluate the risk and reward attached with any stock.