Canadian Mid cap Stocks to Buy

August 25, 2021 03:44 AM EEST | By Team Kalkine Media

The mid-cap companies tend to handle market volatility better than penny or small-cap stocks. These companies have a proven and stable business model, thereby offering investors higher returns and profitability as compared to penny or small stocks companies.

*The company is in the business of selling packing materials and machines used for perishable products and medical devices. Winpak derives most of its revenue from Canada and the US.

*Winpak posted revenue of US$ 0.24 million in the second quarter of fiscal 2021, up from US$ 0.21 million in Q2 FY20. Its net income was US$ 0.03 million in the same quarter.

*Stelco Holdings posted revenue of C$ 918 million in Q2 FY21, increasing by 123 per cent YOY. Its adjusted EBITDA was C$ 410 million, and its adjusted net income was C$ 380 million in the same quarter.

*Labrador Iron Ore Royalty Corporation posted royalty revenue of C$ 79.2 million in Q2 FY21, up from C$ 46.7 million in Q2 FY20. Its net income was C$ 110.2 million in the same quarter.


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