4 Canadian Stocks You Should Watch In 2021

After a horrendous 2020, this year markets are filled with optimism as vaccines are being rolled out. Among Canadian stocks, there have been a few that have fared better than most even in the pandemic thanks to excellent survival strategies and highly agile operations. These champions are ideal for making investments.

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So, if you are looking to invest in some strong names, take a look at these companies that might just be worth keeping an eye on: 

Westshore Terminals (TOR: WTE.TO) (OTC PNK: WTSHF)

The Vancouver-based company operates coal storage and loading terminals in the British Columbia region. It possesses high adaptability standards and had gone on with normal operations even at the time when COVID-19 was at its peak. 

Westshore’s Q3 report for 2020 showed its coal loading revenue had dropped by 17% to $85 million. Despite the push for green energy, demand for coal is still quite high. Yet, the broader economic pressure has had downward pressure on its earnings and therefore it had to see a drop in its revenues and profits of last year. However, this year the company is more optimistic and expects to add volume in its operations. 

Additionally, Westshore has a favorable PE ratio of 9.46. Also, it is perfect for those investors who expect regular dividends from their investments since it offers a quarterly dividend of $0.16 per share thereby representing a yield of 3.34% which is pretty good.  

Last week when some TSX stocks started rallying, this one was amongst the biggest gainers and its shares rose by around 13.2%. Its price has remained more or less the same since then, therefore it is a stock you should keep an eye on.   

Lassonde Industries (TOR: LAS-A.TO) (OTC PNK: LSDAF)

If you are not into riskier investments and are looking for companies that are profitable and have sufficient revenues to back their performance then go for this one. Lassonde Industries is famous for its ready-to-drink juices and drink segments with various brands like Fruité, Tropical Grove, Allen’s, Del Monte, and Oasis brands. 

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Disclaimer: All the information in this article - is published in good faith and for general information purpose only. Hashtag Investing does not make any warranties about the completeness, ...

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