Unclaimed black market container
As a rather large player in the potash/fertilizer space, Nutrien has reaped the benefits of this inflationary environment perhaps more than other commodity-centric peers. Indeed, increasing commodity prices have been a very bullish catalyst for this entire sector. The commodities sector has rebounded significantly after production suffered a massive blow during the pandemic. Saskatoon-based Nutrien (TSX:NTR) (NYSE:NTR) is one of the leading fertilizer manufactures in the world. However, ABX stock is a favourite among investors also due to the fact that Barrick is one of the largest miners with an impressive gold reserve across the world. This gold stock has recently garnered much attention partly because Warren Buffett previously owned Barrick in the past. Consequently, the management has updated its guidance of average gold deliveries to 4.5 million ounces per year moving forward.Īpart from the company’s highly diversified asset portfolio, Barrick also enjoys a stable balance sheet with $5 billion in cash and cash equivalents. These impressive volume numbers have enabled the company to post impressive revenue of $12.6 billion. Barrick has a meaningful presence in countries in Africa, the Middle East, North America, and Latin America.īarrick has delivered around 4.8 million ounces of gold in the previous fiscal year.
This company is one of the top gold miners of Canada, with gold reserves distributed all across the globe. Indeed, as far as top TSX stocks for investors seeking diversification go, Barrick Gold (TSX:ABX) (NYSE:GOLD) remains a top pick of mine. Accordingly, those looking for said diversification may want to consider these three top TSX stocks. Diversification is a great long-term strategy to reduce risk and improve risk-adjusted returns. There’s a Foolish argument to stay the course. Accordingly, investors watching various hyper-growth top TSX stocks outperform the broader market may feel inclined to keep their allocations as is. Those who have been prudently balancing their portfolios and reducing exposure to one given sector have been punished.
Indeed, in this hyper-growth market, investors have been rewarded by taking on more and more risk. Written by Chris MacDonald at The Motley Fool Canadaĭiversification - there’s a buzzkill of a word.