The Latest Breaking News from TSX

Toronto Stock Exchange approved an amendment to Real Matters Inc (TSX:REAL) (OTC:RLLMF) current Normal Course Issuer Bid (NCIB) to increase the number of common shares from 6 million common shares to 7.6 million common shares that the company may purchase for cancellation. No other terms of the NCIB have changed. Real Matters believes that…

TMX Group (TSX:X) (OTC:TMXXF) welcomed six new issuers to Toronto Stock Exchange (TSX) and 15 new issuers to TSX Venture Exchange (TSXV) in April 2022. TSX listed 6 new issuers in April 2022, compared with 11 in March 2022 and 18 in April 2021. Total financings raised in April 2022 in TSX decreased…

BCE, Inc (NYSE:BCE) reported first-quarter FY22 operating revenue growth of 2.5% year-on-year to C$5.85 billion. The company attributed the performance to a 4.2% increase in service revenue to C$5.18 billion, reflecting robust wireless, residential Internet, and media growth. Product revenue decreased 8.8% Y/Y to C$673 million due to fewer mobile device transactions and…

Avcorp Industries Inc. (TSX:AVP) (OTC:AVPFF) has entered into a definitive arrangement agreement to be acquired by Latécoère S.A. for C$0.11/share in cash. The deal price represents a 16% premium to the closing price of C$0.095 on May 4, 2022, and a 28% premium to the weighted average trading price for the 60 trading…

Home Capital Group Inc (TSX:HCG) (OTC:HMCBF) reported first-quarter EPS of C$1.02, compared with C$1.24 in 1Q21. The net interest margin was 2.18%, compared with 2.46% in 4Q21 and 2.61% in 1Q21. Non-interest expenses were C$65 million versus C$61.7 million in 4Q21 and C$64.1 million in 1Q21. Home Capital' Mortgage originations were C$2.76…

Paramount Resources Ltd (TSX:POU) (OTC:PRMRF) first-quarter sales volumes averaged 82,137 Boe/d (45% liquids), in-line with expectations. The company‘s cash from operating activities was C$175 million (C$1.25 per basic share) in the quarter. Adjusted funds flow was C$238 million (C$1.70 per basic share), and Free cash flow was C$103 million (C$0.74 per basic…

RBC Capital analyst Luke Davis raised the price target of Topaz Energy Corp (TSX:TPZ) (OTC:TPZEF) to C$28 from C$27.50 while maintaining the Outperform rating on the shares. The analyst states that Topaz posted solid Q1/22 results underscored by meaningful free cash generation alongside increased guidance following the Keystone Royalty acquisition. Davis mentions that the management…

RBC Capital analyst Robert Kwan raised the price target for Gibson Energy Inc. (TSX:GEI) (OTC:GBNXF) to C$28 from C$27 with an Outperform rating on the shares. Kwan stated that Gibson Energy's shares continue to offer an attractive dividend yield (almost 6%) that is conservatively underpinned by cash flow (68% trailing DCF payout ratio), with confirmed…

MEG Energy Corp (TSX:MEG) (OTC:MEGEF) price target has been raised to C$22 from C$21 by RBC Capital analyst Greg Pardy. The analyst maintained his Outperform rating on the shares. The analyst stated that the bullish stance towards MEG Energy reflects its capable leadership team, top-quartile oil sands operations at Christina Lake, balance sheet deleveraging, and…