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RBC Lifts Cenovus Energy's Price Target to C$45 from C$42

RBC Capital Markets on Wednesday increased Cenovus Energy's (CVE.TO) price target to C$45 from $42 with an outperform rating, based on improved consistency and expanded multiples.Cenovus Energy's first-quarter results included upstream production of 972,100 barrels of oil equivalent per day, beating expectations, as well as better upstream-downstream margins.The company has also sold its Canadian Commercial Fuels business for $275 million."Our constructive stance towards Cenovus reflects its capable leadership team, shareholder alignment, free cash flow generation and enhanced portfolio via the MEG Energy acquisition/WRB disposition," RBC said.Cenovus traded at $37.93 per share at last look Thursday on the Toronto Stock Exchange.Price: $37.89, Change: $-1.60, Percent Change: -4.05%

$CVE.TO

Mining & Metals2d ago

Draganfly Partners With ACSL to Bring NDAA-Compliant Japanese Drones to Canadian Market

Draganfly (DPRO.CN, DPRO) signed an exclusive master distributor agreement and launched technology integrations with ACSL, it said Thursday."This partnership will bring ACSL's technology to the Canadian market while the resulting collaboration will lead to the development of exciting new capabilities and interoperability between both companies' drone platforms," said the company in a statement.Draganfly, as the exclusive Canadian partner, is bringing the ACSL SOTEN to market, a compact, easy-to-deploy, multi-mission platform with swappable payloads and a secure-by-design architecture. Through technical integration, certain Draganfly made drones like the Apex and Commander 3XL will be compatible with SOTEN's swappable camera payloads along with the ACSL TAITEN Smart Controller, it said.The SOTEN platform will be available across Canada exclusively through Draganfly starting in June 2026.Shares of the company were last seen down 0.1% at $7.30 on the Canadian Securities Exchange.Price: $7.30, Change: $-0.01, Percent Change: -0.14%

$DPRO.CN

Mining & Metals2d ago

AutoCanada Appoints Mike Woodward as Chief Financial Officer

AutoCanada (ACQ.TO) appointed Mike Woodward as chief financial officer, effective July 6, 2026, the company said on Thursday.He has more than 18 years of financial leadership experience across public and private companies, stated the company.Most recently, he served as CFO of the Canada Enterprise Emergency Funding Corporation (CEEFC). He has also served as CFO of Lynx Air and Campus Energy previously.Earlier in his career, Woodward held senior roles in investment banking at Bank of Montreal (BMO.TO) and CIBC World Markets, advising on a range of M&A and capital markets transactions."Mike brings a strong combination of financial discipline, strategic insight, and operational experience," said Samuel Cochrane, Chief Executive Officer and Interim Chief Financial Officer of AutoCanada. "We look forward to his contributions and are pleased to welcome him to the AutoCanada team as we continue to execute on our strategic initiatives."The company's shares were last seen down $0.09 at $22.35 on the Toronto Stock Exchange.Price: $22.52, Change: $+0.08, Percent Change: +0.36%

$ACQ.TO$BMO.TO

Mining & Metals2d ago

Sherritt Sector Perform and C$0.30 Target "Under Review" at National Bank After Co Suspends JV Activities in Cuba In Response to Expanded US Sanctions

Price: $0.19, Change: $-0.07, Percent Change: -26.00%

$S.TO

Mining & Metals2d ago

TELUS, Powerfleet Launch AI-powered Vision 360 Vehicle Safety Technology

TELUS (T.TO) has partnered with Powerfleet to bring advanced AI-driven vehicle safety technology to the Canadian market, the company said Thursday.The collaboration allows TELUS to introduce its Vision 360 safety solution to Canada. The product uses artificial intelligence and multiple cameras to provide commercial drivers with a complete, real-time view around their vehicle, helping prevent accidents.The partnership comes as Transport Canada implements a federal mandate requiring all new school buses to be equipped with perimeter visibility systems by November 2027."By partnering with Powerfleet to add Vision 360 to our connected fleet and asset portfolio, we're enhancing our telematics offering with AI-driven insights," said Jodi Baxter, vice-president of AI, wireless and Internet of Things at TELUS."This launch is a direct response to the needs of Canadian fleet owners who prioritize safety and operational efficiency," Baxter added.Price: $17.56, Change: $+0.01, Percent Change: +0.06%

$T.TO

Mining & Metals2d ago

TSX Up Near 120 Pts, But Was Up Nearer 180 Pts In Early Moments of Thursday Trade; Still, Adding To 415 Pts Gained Wednesday

$^GSPTSE$.GSPTSE

Mining & Metals2d ago

Parex Resources to Issue Private Offering of US$500 Million Senior Notes

Parex Resources (PXT.TO) will issue US$500 million aggregate principal amount of senior unsecured notes due 2031 in a private placement offering, it said Thursday.The notes were priced at par and will bear interest at a rate of 8.50% per annum and mature on May 11, 2031. Closing of the offering is expected to on May 11, it added.Proceeds, after payment of the initial purchasers' fees and estimated offering expenses, will be deposited into an escrow account pending satisfaction of certain escrow release conditions, including the consummation of the previously announced acquisition of Frontera Energy Corporation's exploration and production assets in Colombia, it said. Net proceeds, upon satisfaction of the escrow release conditions, will be released.Parex will use the proceeds to fund the cash portion of the consideration for the Frontera deal, and to pay fees and expenses in connection with the Frontera deal and the offering. Proceeds not used for such purposes will be used for general corporate needs.Shares in Parex were down more than 4% yesterday.

$FEC.TO$PXT.TO

Mining & Metals2d ago

Maxus Mining Launching Maiden Drill Campaign at Alturas West Project in British Columbia

Maxus Mining (MAXM.CN) is launching a maiden exploration program at the Alturas West project in British Columbia.The company plans to complete up to 2,000 meters of diamond drilling to test high-priority exploration targets and expand the known historical zones of antimony mineralization.Maxus is also conducting a regional airborne geophysical program to support targeting across the project."With the addition of airborne geophysical surveys across our portfolio, we are strengthening our targeting pipeline and improving our ability to prioritize high-quality drill targets," Chief Executive Officer Scott Walters said.In addition, the company plans to undertake early-stage metallurgical testing, including ore-sorting studies, to evaluate processing characteristics and potential cost optimization pathways."By advancing metallurgical understanding early, we aim to accelerate the potential pathway to production and contribute to establishing a secure, domestic antimony supply for North America," Walters said.Its shares rose by more than 3% yesterday.

$MAXM.CN

Mining & Metals2d ago

ADF Group's CFO Jean-Francois Boursier to Retire on Dec. 31, 2026; Search For Successor Will Start In Coming Days

ADF Group's (DRX.TO) Chief Financial Officer Jean-Francois Boursier will retire on Dec. 31, 2026, after more than 16 years of service with the company, it said on Thursday.Boursier will remain in his position until that date and then, starting from Jan. 1, 2027, will serve as a strategic advisor, He will stay in that role until a date to be confirmed, to ensure a smooth leadership transition, the company added.A recruitment process will begin in the coming days, and Boursier will "actively participate" in that, the company further added."Jean-Francois ensured the strength of the Corporation's financial position and the disciplined allocation of capital by overseeing sustained investments across the business, including the construction of the plant in Great Falls, Montana, the automation of our plant in Terrebonne, Quebec, and, more recently, the acquisition of Groupe LAR in Metabetchouan, Quebec, last September," said Jean Paschini, Chairman of the Board and Chief Executive Officer.

$DRX.TO

Mining & Metals2d ago

Earnings Flash (ALC.TO) Algoma Central Corp Reports Q1 Revenue C$127.8M Vs $107.2M in 2025; Swings to Profit

$ALC.TO

Mining & Metals2d ago

Fairfax India to Increase Stake in IIFL Capital Services to 51%

Fairfax India (FIH-U.TO), through its unit, FIH Mauritius Investments, entered into an investment agreement with IIFL Capital Services and its existing promoters pursuant to which Fairfax India, through a combination of deals, will increase its ownership interest in IIFL Capital, it said Thursday.Shares of the company closed up 1.1% to $18 on Wednesday on the Toronto Stock Exchange.

$FIH-U.TO

Mining & Metals2d ago

Dundee Provides Latest Drill Results from Shovelnose Project in British Columbia

Dundee (DC-A.TO) reported Thursday the latest in-fill drilling results from Westhaven Gold's (WHN.V) Shovelnose gold-silver project in British Columbia.Dundee has an option to earn up to a 60% interest in Westhaven's four Spences Bridge Gold Belt properties including Shovelnose by funding up to C$85 million in staged project expenditures. Under the first phase, Dundee has committed a minimum of C$30 millon, inclusive of a fully funded 50,000m drill program at Shovelnose, which is funding the activities outlined and is expected to continue through the remainder of 2026.Among drilling highlights, assays from 14 drill holes include 54.0 meters grading 8.99 grams per tonne (g/t) gold and 55 g/t silver, as well as 42.0 m grading 4.35 g/t gold and 41 g/t silver.About 8,537 meters of drilling have been completed within the South Zone deposit, representing 23% of the planned mineral resource drilling program, Dundee said.Initial drilling is focused on completing 35,000 m of mineral resource in-fill drilling at the South Zone deposit to support an updated resource estimate for a pre-feasibility study expected in the second half of 2027.The 2026 drilling program is also expected to include 15,000 m of exploration drilling and additional dedicated drilling for hydrogeological, geotechnical and metallurgical studies."We are pleased with the early progress of the South Zone resource in-fill drilling program, which is advancing in line with our expectations and continuing to support our confidence in the continuity and quality of the deposit. The initial work is enabling us to better define the margins of the mineralized system and provides an important foundation for the next stages of technical work as we advance the project through the joint venture," Dundee President and Chief Executive Officer Jonathan Goodman said.Shares in Dundee gained 5.6% yesterday.

$DC-A.TO$WHN.V

Mining & Metals2d ago

Lightspeed Commerce Appoints Bhawna Singh as Chief Technology Officer

Lightspeed Commerce (LSPD.TO) has appointed Bhawna Singh as chief technology officer, the company said on Thursday.Bhawna Singh was most recently chief technology officer at Okta, where she led the technology strategy for a global customer identity platform powering billions of secure authentications. Before that, Singh served as CTO at Glassdoor, where she led global engineering, accelerated international expansion, and delivered data-driven product innovation.Lightspeed has also shipped new capabilities across its Lightspeed Retail and Lightspeed Restaurant, combining AI-powered automation, deeper ecosystem integrations, and enhanced payment and ordering capabilities within its unified platforms, a statement added.Lightspeed shares were last seen unchanged at $9.42 in U.S. pre-market trading. It closed up $0.06, to $12.86 on Wednesday on the Toronto Stock Exchange.

$LSPD.TO

Mining & Metals2d ago

Premium Brands Q1 Adjusted Earnings, Revenues Rise; Bullish On Outlook

Premium Brands Holdings (PBH.TO) reported higher adjusted earnings and revenue in the first quarter, declared a second quarter dividend, and maintained 2026 sales and adjusted EBITDA guidance ranges, while affirming that it expects to exceed its 5-year plan.The company also maintained its 2026 sales and adjusted EBITDA guidance ranges, and affirmed that the company expects to exceed its 5-year plan of 2027 sales and adjusted EBITDA targets of C$10.0 billion and C$1.0 billion, respectively.First quarter adjusted EPS from continuing operations was C$0.83 per share, compared to C$0.70 per share in the corresponding year-ago quarter. The consensus forecast at FactSet was $0.73, but that was against a year earlier $0.68. Adjusted earnings from continuing operations was $42.6 million, compared to $31.3 million in the year-ago quarter.First quarter revenue from continuing operations was C$2.05 billion, compared to C$1.65 billion in the year-ago quarter.Looking ahead, the company affirmed it expects to exceed its 5-year plan of 2027 sales and adjusted EBITDA targets of $10.0 billion and $1.0 billion, respectively.The company's board of directors approved a cash dividend of C$0.85 per share for the second quarter of 2026, which will be payable on July 15, 2026 to shareholders of record at the close of business on June 30, 2026. It is unchanged from the prior quarter."We are pleased with the progress we made in the quarter towards achieving our long-term business objectives and remain very well positioned to meet or exceed our goals and targets for 2026. During the quarter we continued to leverage recent capacity expansions to support new sales initiatives, including a very successful national launch with a key customer. This combined with significant progress being made in improving operating efficiencies at several new production facilities translated into record financial results for the quarter," said George Paleologou, President and CEO.Paleologou added: "We are also pleased to have completed the acquisition of Stampede Culinary Partners during the quarter. The onboarding of Stampede is progressing well, and we are working closely with its leadership team on several growth and synergy initiatives that will enhance its operational and financial performance.""Subsequent to the quarter we closed the sale of our 74% interest in Shaw Bakers for net proceeds of approximately $160 million. This transaction represents the first step in our strategy to monetize non-core investments, from which we expect to ultimately generate well over $1.0 billion in net proceeds."On the acquisitions front, we are evaluating several attractive opportunities, however, any transaction we do will be done within the context of continuing to strengthen our financial position,"Shares in PBH gained 2.5% in Canada yesterday.

$PBH.TO

Mining & Metals2d ago

BriaCell Therapeutics Adds New Clinical Site For Phase 3 Bria-ABC Study

BriaCell Therapeutics (BCT.TO) has added NYU Langone Health's Laura and Isaac Perlmutter Cancer Center, as a clinical trial site in its ongoing Phase 3 clinical study, the company said on Thursday.The Phase 3 clinical study in advanced breast cancer (Bria-ABC) is evaluating the company's lead clinical candidate, Bria-IMT, plus an immune check point inhibitor in advanced metastatic breast cancer.Interim analysis of the Phase 3 study will be conducted after 144 patient events (deaths) have occurred, with overall survival (OS) as the primary endpoint.The Bria-IMT combination regimen has also been granted FDA Fast Track designation.BriaCell shares were last seen up US$0.033, to US$4.183, in U.S. pre-market trading.

$BCT.TO

Mining & Metals2d ago

Parex Resources Announced Private Offering of US$500M Senior Notes

$PXT.TO

Mining & Metals2d ago

Medical Facilities Q1 Net Earnings, Revenue Higher

Medical Facilities (DR.TO) first quarter net earnings and revenue both climbed, the company said on Thursday.Net earnings jumped 86% to US$13.1 million, or US$0.21 per diluted share, from US$7.05 million, or US$0.12 per share, in the prior year period.Revenue grew 10.8% to US$67.1 million."We had a strong first quarter, driven by a favourable payor mix as well as higher volumes of orthopedic and spine procedures," said chief executive Jason Redman."During the quarter, we continued our several-year track record of returning capital to shareholders through our NCIB. However, the big highlight for the quarter came in January with the sale of our majority interest in OSH for gross cash proceeds of approximately $46 million. We ended the period with a very solid balance sheet and a robust cash position, providing us with significant financial strength and flexibility to continue investing in our hospitals and returning capital to our shareholders."Medical Facilities closed down $0.14, to $16.96, on Wednesday on the Toronto Stock Exchange.

$DR.TO

Mining & Metals2d ago

Sherritt Suspends Direct Involvement In Cuba JV Activities Amid Expanded US Sanctions; Alberta Ops Not Impacted Currently

Sherritt International (S.TO) has suspended its direct participation in joint venture activities in Cuba, effective immediately, after the US expanded its sanctions against that nation, the company said Thursday.Brian Imrie, Richard Moat and Brett Richards have resigned from Sherritt's board of directors following the development.Sherritt said it is taking steps to repatriate its expatriate employees in Cuba, adding that it has requested that its partners repatriate their expatriate personnel in Canada.Sherritt has not been formally designated by the latest US sanctions on Cuba, although it expects a designation at any time. "In any event, the mere issuance of the executive order itself creates conditions that materially alter the corporation's ability to operate in the ordinary course, including activities related to Sherritt's Cuban joint venture operations," Sherritt said."The executive order, and any designation under the executive order, may also result in financial or other providers being unable or unwilling to continue to support Sherritt's operation or other business activities," the company added.Meanwhile, Shertitt said currently there is no immediate impact on operations in Fort Saskatchewan, Alberta. The refinery is continuing to produce finished nickel and cobalt for sale. The inventory of feed it has available for such production is expected to last until approximately mid-June, it added.

$S.TO

Mining & Metals2d ago

National Bank Sees Canadian Dollar Softness in Q2 But to Strengthen in H2 2026

National Bank of Canada said it expects some near-term softness through Q2 for the Canadian dollar (CAD or loonie) but it looks for the currency to strengthen into the second half of the year.

$$CAD$$CXY

Mining & Metals2d ago

Maple Leaf Foods Q1 Adjusted Earnings Per Share And Sales Increase

Maple Leaf Foods (MFI.TO) reported a rise in its adjusted earnings per share and sales in the first quarter, beating analysts' expectations.For the three months ended March 31, 2026, the company reported earnings of $46.1 million or adjusted basic earnings per share of $0.34 compared with $49.6 million or $0.21 EPS. The result beat a consensus estimate compiled by FactSet of $0.30 EPS.Sales increased to $962.9 million compared with $906.7 million, a year-ago, beating a consensus estimate compiled by FactSet of $956.2 million."We delivered 6% year-over-year revenue growth, the sequential margin recovery we expected, and higher Adjusted EBITDA, driven by operating efficiency, favourable mix, and disciplined cost management, while generating strong Free Cash Flow," said Maple Leaf Foods Chief Executive Curtis Frank. "With leading brands, scalable growth platforms, and initiatives like Fuel for Growth strengthening our cost structure, we are on track to deliver our 2026 outlook of mid-single-digit revenue growth, continued margin expansion and disciplined capital allocation."Its board also approved a quarterly dividend of $0.21 per share, unchanged from the prior quarter, payable on June 30, to shareholders of record at the close of business on June 8. The company had increased its quarterly dividend from $0.19 per share to $0.21 per share in Q4.Shares of the company closed down 0.2% to $28.13 on Wednesday on the Toronto Stock Exchange.

$MFI.TO

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Mining & Metals2d ago

Premium Brands Q1 Adjusted Earnings, Revenues Rise; Bullish On Outlook

$PBH.TO