In this article, we’d be discussing the 5 stocks to invest in according to Robert Richards’ Heathbridge Capital. In order to check out our detailed analysis of Heathbridge Capital’s 13F portfolio, go instead to 10 Stocks to Invest in Today According to Robert Richards’ Heathbridge Capital.
5. TELUS Corporation (NYSE:TU)
Heathbridge Capital’s Stake Value: $27.6 million
Percentage of Heathbridge Capital’s 13F Portfolio: 8.29%
Number of Hedge Fund Holders: 12
TELUS Corporation is a telecommunications company headquartered in Vancouver, British Columbia. Heathbridge Capital holds 1.2 million shares of the company as of the third quarter of 2021 after a 14% decrease in stake.
On November 9, TD Securities analyst Vince Valentini lowered the price target on Telus Corporation to CAD 32 from CAD 33 and kept a ‘Buy’ rating on the shares.
4. Newmont Corporation (NYSE:NEM)
Heathbridge Capital’s Stake Value: $28.2 million
Percentage of Heathbridge Capital’s 13F Portfolio: 8.48%
Number of Hedge Fund Holders: 48
Newmont Corporation (NYSE:NEM) is the largest gold mining company in the world. It is an American company headquartered in Denver, Colorado. Heathbridge Capital holds 520,530 shares in the company as of the third quarter of 2021 after a 2% increase in stake.
The stake accounts for 8.48% of the fund’s portfolio.
3. Verizon Communications Inc. (NYSE:VZ)
Heathbridge Capital’s Stake Value: $28.9 million
Percentage of Heathbridge Capital’s 13F Portfolio: 8.69%
Number of Hedge Fund Holders: 57
Verizon Communication Inc. (NYSE:VZ) is a popular telecommunications company in the US. It is headquartered in New York City. Heathbridge Capital holds 535,775 shares in the company.
On December 9, Verizon announced that the corporation has surpassed its annual target of 14,000 5G Ultra Wideband cell locations, expanding its phone service across the country.
2. TC Energy Corporation (NYSE:TRP)
Heathbridge Capital’s Stake Value: $31.3 million
Percentage of Heathbridge Capital’s 13F Portfolio: 9.42%
Number of Hedge Fund Holders: 15
TC Energy Corporation (NYSE:TRP) is a Canadian multinational energy company that develops energy infrastructure like gas and liquid fuel pipelines in North America and Mexico. Heathbridge Capital holds 652,515 shares in the company as of the third quarter of 2021, after a decrease of stake by 3%. TD Securities analyst Linda Ezergailis lowered the price target on TRP stock to CAD 72 from CAD 73 and kept a ‘Buy’ rating on the shares.
1. Manulife Financial Corporation (NYSE:MFC)
Heathbridge Capital’s Stake Value: $32.4 million
Percentage of Heathbridge Capital’s 13F Portfolio: 9.72%
Number of Hedge Fund Holders: 15
Manulife Financial Corporation (NYSE:MFC) is a Canadian financial company headquartered in Toronto, Ontario, with over 1.6 million shares owned by Heathbridge Capital after the hedge fund decreased the stake by 4%.
On November 17, National Bank analyst Gabriel Dechaine raised the price target on Manulife Financial Corporation to CAD 28 from CAD 27 and kept a ‘Sector Perform’ rating on the shares.
You can also take a peek at Analysts Are Recommending These 10 Stocks for 2022 and 10 Canadian Dividend Stocks to Buy for 2022.
