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PFE   37.08 (-1.38%)
PYPL   61.40 (+1.96%)
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TSE:MKP

MCAN Mortgage (MKP) Stock Forecast, Price & News

C$16.27
+0.01 (+0.06%)
(As of 01:00 PM ET)
Compare
Today's Range
C$16.26
C$16.35
50-Day Range
C$14.84
C$16.45
52-Week Range
C$14.00
C$18.29
Volume
950 shs
Average Volume
17,601 shs
Market Capitalization
C$566.20 million
P/E Ratio
8.47
Dividend Yield
8.85%
Price Target
C$18.13

MCAN Mortgage MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
11.5% Upside
C$18.13 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.75 out of 5 stars


MKP stock logo

About MCAN Mortgage (TSE:MKP) Stock

MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company offers single-family residential mortgages, as well as residential construction, non-residential construction, and commercial loans, as well as engages in the real estate investments trusts and private investment activities. It also provides term deposits through a network of independent financial agents. The company was formerly known as MCAP Inc. and changed its name to MCAN Mortgage Corporation in September 2006. MCAN Mortgage Corporation was founded in 1980 and is headquartered in Toronto, Canada.

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MKP Stock News Headlines

The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
Closing Bell: Mcan Mortgage Corp up on Monday (MKP)
Closing Bell: Mcan Mortgage Corp up on Tuesday (MKP)
Closing Bell: Mcan Mortgage Corp down on Thursday (MKP)
The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
Closing Bell: Mcan Mortgage Corp up on Wednesday (MKP)
Closing Bell: Mcan Mortgage Corp up on Friday (MKP)
Closing Bell: Mcan Mortgage Corp down on Tuesday (MKP)
Closing Bell: Mcan Mortgage Corp down on Friday (MKP)
Closing Bell: Mcan Mortgage Corp down on Monday (MKP)
Closing Bell: Mcan Mortgage Corp up on Thursday (MKP)
MCAN Mortgage (TSE:MKP) Will Pay A Dividend Of CA$0.36
MCAN FINANCIAL GROUP ANNOUNCES CLOSING OF RIGHTS OFFERING
IIROC Trading Halt - MKP.RT.A
MCAN FINANCIAL GROUP ANNOUNCES $34 MILLION RIGHTS OFFERING
MCAN Mortgage Corporation declares $0.36 dividend
See More Headlines
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MKP Company Calendar

Ex-Dividend for 3/31 Dividend
3/14/2023
Dividend Payable
3/31/2023
Today
5/30/2023
Ex-Dividend for 6/30 Dividend
6/14/2023
Dividend Payable
6/30/2023
Next Earnings (Estimated)
8/08/2023

Industry, Sector and Symbol

Industry
Mortgage Investment
Sub-Industry
N/A
Sector
Finance
CIK
N/A
Fax
N/A
Employees
128
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$18.13
High Stock Price Forecast
C$18.25
Low Stock Price Forecast
C$18.00
Forecasted Upside/Downside
+11.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
C$63.15 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$104.32 million
Cash Flow
C$1.31 per share
Book Value
C$14.58 per share

Miscellaneous

Free Float
N/A
Market Cap
C$565.85 million
Optionable
Not Optionable
Beta
1.01

Key Executives

  • Ms. Karen H. Weaver CPA (Age 64)
    ICD.D, Pres, CEO & Non-Independent Director
    Comp: $903.21k
  • Ms. Floriana Cipollone B.Comm. (Age 56)
    C.A, Sr. VP & CFO
    Comp: $569.05k
  • Mr. Avish Buck
    Sr. VP & COO
  • Mr. Carl Scott Brown
    Sr. VP of Investments & Corp. Devel.
  • Mr. Michael Edward Jensen
    VP, Chief Compliance Officer and Chief Anti-Money Laundering & Privacy Officer
  • Michelle Liotta
    VP of HR
  • Mr. Eugene Basolini
    Pres of MTC Leasing Inc and Chief Operating Officer of MTC Leasing Inc
  • Ms. Sylvia Pinto
    VP, Corp. Sec. & Governance Officer
  • Ms. Milica Pejic
    VP & Chief Audit Officer
  • Ms. Nazeera Khan
    VP & Chief Audit Officer













MKP Stock - Frequently Asked Questions

Should I buy or sell MCAN Mortgage stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MCAN Mortgage in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MKP shares.
View MKP analyst ratings
or view top-rated stocks.

What is MCAN Mortgage's stock price forecast for 2023?

2 analysts have issued 1 year price targets for MCAN Mortgage's stock. Their MKP share price forecasts range from C$18.00 to C$18.25. On average, they expect the company's share price to reach C$18.13 in the next year. This suggests a possible upside of 11.5% from the stock's current price.
View analysts price targets for MKP
or view top-rated stocks among Wall Street analysts.

How have MKP shares performed in 2023?

MCAN Mortgage's stock was trading at C$15.00 at the beginning of 2023. Since then, MKP shares have increased by 8.4% and is now trading at C$16.26.
View the best growth stocks for 2023 here
.

When is MCAN Mortgage's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our MKP earnings forecast
.

How often does MCAN Mortgage pay dividends? What is the dividend yield for MCAN Mortgage?

MCAN Mortgage announced a quarterly dividend on Monday, May 8th. Shareholders of record on Thursday, June 15th will be given a dividend of 0.36 per share on Friday, June 30th. This represents a $1.44 annualized dividend and a dividend yield of 8.86%. The ex-dividend date of this dividend is Wednesday, June 14th.
Read our dividend analysis for MKP
.

Is MCAN Mortgage a good dividend stock?

MCAN Mortgage (TSE:MKP) pays an annual dividend of C$1.44 per share and currently has a dividend yield of 8.86%. MKP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 75.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MKP.

What other stocks do shareholders of MCAN Mortgage own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MCAN Mortgage investors own include Northview Apartment REIT (NVU.UN), North West (NWC), First National Financial (FN), Husky Energy Inc. (HSE.TO) (HSE), Surge Energy (SGY), Vermilion Energy (VET), Aurora Cannabis (ACB), BCE (BCE) and Bellatrix Exploration (BXE).

What is MCAN Mortgage's stock symbol?

MCAN Mortgage trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MKP."

How do I buy shares of MCAN Mortgage?

Shares of MKP stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is MCAN Mortgage's stock price today?

One share of MKP stock can currently be purchased for approximately C$16.26.

How much money does MCAN Mortgage make?

MCAN Mortgage (TSE:MKP) has a market capitalization of C$565.85 million and generates C$104.32 million in revenue each year. The company earns C$63.15 million in net income (profit) each year or C$1.92 on an earnings per share basis.

How many employees does MCAN Mortgage have?

The company employs 128 workers across the globe.

How can I contact MCAN Mortgage?

MCAN Mortgage's mailing address is 200 King St W Suite 600, TORONTO, ON M5H 3T4, Canada. The official website for the company is www.mcanmortgage.com. The company can be reached via phone at +1-416-5724880.

This page (TSE:MKP) was last updated on 5/30/2023 by MarketBeat.com Staff

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