This article presents an overview of the 5 High-Growth Canadian Dividend Stocks To Invest In. For a detailed overview of such stocks, read our article, 13 High-Growth Canadian Dividend Stocks To Invest In.
5. Pan American Silver Corp (NYSE:PAAS)
Number of Hedge Fund Investors: 22
Canadian-based mining company Pan American Silver Corp (NYSE:PAAS) has a dividend yield of 2.7% as of January 11. During the third quarter, Pan American Silver Corp’s (NYSE:PAAS) adjusted EPS in the period came in at $0.01, missing estimates by $0.06. Revenue in the period jumped 81.9% year over year to $616.3 million, missing estimates by $47.92 million.
As of the end of the third quarter of 2023, 22 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Pan American Silver Corp (NYSE:PAAS).
4. Rogers Communications Inc Class B (NYSE:RCI)
Number of Hedge Fund Investors: 24
Canadian communications and media company Rogers Communications Inc Class B (NYSE:RCI) ranks 4th in our list of the high-growth Canadian dividend stocks to invest in. In November, Rogers Communications Inc Class B (NYSE:RCI) posted third quarter results. Adjusted EPS in the period came in at C$1.27. Revenue jumped 36.1% year over to C$5.09 billion.
As of the end of the third quarter of 2023, 24 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Rogers Communications Inc Class B (NYSE:RCI). The biggest hedge fund stakeholder of Rogers Communications Inc Class B (NYSE:RCI) during this period was Steve Cohen’s Point72 Asset Management which owns an $124 million stake in Rogers Communications Inc Class B (NYSE:RCI).
3. Kinross Gold Corporation (NYSE:KGC)
Number of Hedge Fund Investors: 29
Canadian-based gold and silver mining company Kinross Gold Corporation (NYSE:KGC) is one of the top dividend stocks. The stock has a dividend yield of about 2% as of January 11. Kinross Gold Corporation’s (NYSE:KGC) third quarter results came in better than expected. Adjusted EPS in the period came in at $0.12, beating estimates by $0.02. Revenue in the quarter jumped about 28.4% year over year to $1.1 billion, beating estimates by $30 million.
A total of 29 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Kinross Gold Corporation (NYSE:KGC). The biggest stake in Kinross Gold Corporation (NYSE:KGC) belongs to Dmitry Balyasny’s Balyasny Asset Management which owns a $30.2 million stake in Kinross Gold Corporation (NYSE:KGC).
2. Barrick Gold Corp (NYSE:GOLD)
Number of Hedge Fund Investors: 36
Barrick Gold Corp (NYSE:GOLD) was among the top stock picks of Barron’s for 2024. Barron’s said Barrick Gold Corp (NYSE:GOLD) plans to boost its mine output by 30% by the end of the decade. The publication also praised Barrick Gold Corp’s (NYSE:GOLD) CEO Mark Bristow, who it said is the industry’s “most effective leader.”
Barron’s also said Barrick Gold Corp (NYSE:GOLD) has virtually no debt, a healthy dividend yield and attractive valuation.
A total of 36 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Barrick Gold Corp (NYSE:GOLD). The biggest hedge fund stakeholder of Barrick Gold Corp (NYSE:GOLD) during this period was Jean-Marie Eveillard’s First Eagle Investment Management which owns a $611 million stake in Barrick Gold Corp (NYSE:GOLD).
1. Agnico Eagle Mines Ltd (NYSE:AEM)
Number of Hedge Fund Investors: 38
Canadian-based gold mining company Agnico Eagle Mines Ltd (NYSE:AEM) in October posted third quarter results. Adjusted EPS in the quarter came in at $0.44, beating estimates by $0.02. Revenue in the period jumped 13.1% year over year to $1.64 billion, meeting estimates.
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