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Mining & Metals3d ago

Linamar Q1 Sales Increased 16.1% to reach $2.94B

$LNR.TO

Mining & Metals3d ago

Western Forest Products Q1 Loss Per Share, Diluted $1.83

$WEF.TO

Mining & Metals3d ago

Radisson Mining Resources Upsizes Bought-Deal Private Placement to $22 Million

Radisson Mining Resources (RDS.V) said Wednesday it upsized a bought-deal private placement of flow-through shares to $22 million from $20 Million.The company is selling underwriters 15.9-million flow-through shares priced at $1.38 each to raise $22 million. The underwriters also have an over-allotment option to acquire a further $3 million of the shares if demand warrants.The offering is expected to close around May 28, pending regulatory approvals, including from the TSX Venture Exchange, the company added.The company's shares were last seen down $0.04 to $1.05 on the TSX Venture Exchange.Price: $1.05, Change: $-0.04, Percent Change: -3.67%

$RDS.V

Mining & Metals3d ago

Earnings Flash (GGD.TO) GoGold Reported Record Quarterly Operating Cash Flows of US$21.2M On Revs of $30.3M From Sale of 383,695 Silver Equivalent Ounces

$GGD.TO

Mining & Metals3d ago

Kraken Robotics Up 1.8% As Signs Memorandum of Understanding with SEFINE SISAM

Kraken Robotics (PNG.V) has signed a Memorandum of Understanding (MOU) with SEFINE SISAM (Strategic Unmanned Systems Research Center) during the SAHA exposition in Turkiye, the company said on Wednesday.As part of the agreement, the company will work with SISAM to integrate Kraken's KATFISH into its mission planning software and develop automatic target recognition (ATR) capabilities for Kraken Synthetic Aperture Sonar, added the company."We're pleased to continue our work with SEFINE following a successful at-sea demonstration earlier this year," said Bernard Mills, Executive Vice President of Defence at Kraken Robotics. "This partnership poises us to rapidly develop and deliver relevant capability in a region that combines industrial excellence and operational need. Together, we are advancing fully integrated, autonomous solutions for seabed warfare and mine countermeasures-enhancing the speed, accuracy, and efficiency of maritime security operations."The company's shares were last seen up $0.13 at $7.20 on the TSX Venture Exchange.Price: $7.21, Change: $+0.14, Percent Change: +1.98%

$PNG.V

Mining & Metals3d ago

EMP Metals Receives First Saltworks Equipment Deliveries At Project Aurora Demonstration Plant

EMP Metals (EMPS.CN) has received the first equipment deliveries from its technology partner, Saltworks Technologies, at its Project Aurora demonstration plant, the company said early Wednesday.The first seven truckloads of production equipment from Saltworks Technologies have arrived at its Project Aurora lithium Demonstration Facility located at the company's Viewfield Project Area in Saskatchewan, the company said."The delivery is a significant operational milestone for Project Aurora, EMP's integrated, continuous-flow lithium refining demonstration system designed to process ten (10) m3/day of raw brine from wellhead to lithium chemicals," said the company.The production equipment will be immediately positioned within the facility, with remaining equipment deliveries expected over the coming weeks as the company works toward its targeted plant start date in the third quarter of 2026, it added."We are excited to have Saltworks' processing equipment arrive at our Stoughton facility pre-commissioned and on schedule," said Chief Executive Officer Karl Kottmeier. "This is a moment we've been building toward for several years and I want to thank Saltworks for their technical proficiency and dedication to the success of Project Aurora as we transition from construction to operation."Shares of the company were last seen down $0.025 to $0.55 on the Canadian Securities Exchange.Price: $0.55, Change: $-0.02, Percent Change: -4.35%

$EMPS.CN

Mining & Metals3d ago

Cannara Biotech Completes Medican Organic Buy; Appoints Nicholas Sosiak as its COO

Cannara Biotech (LOVE.TO) on Wednesday closed a deal to acquire Medican Organic, a unit of BZAM Ltd., for $2.8 million.This acquisition completes its prior acquisition of its Valleyfield cultivation and manufacturing facility, purchased from Medican on June 8, 2021, it added.The company also appointed Nicholas Sosiak as its Chief Operating Officer, effective April 23. Sosiak, who has served as the company's Chief Financial Officer since 2020, will transition fully into his new role while the company conducts a search for his successor as CFO, it said. Sosiak will act as the company's interim CFO throughout the search.Shares of the company were last seen up $0.03 to $1.78 on the Toronto Stock Exchange.Price: $1.78, Change: $+0.03, Percent Change: +1.71%

$LOVE.TO

Mining & Metals3d ago

Flow Capital Announces Repayment of TVision Investment After Viant Buy

Flow Capital (FW.V) on Wednesday said its investment in TVision Insights was repaid following TVision's acquisition by Viant Technology (DSP).The early repayment, in addition to the interest earned on the loan, provides the company with an accelerated realization of its investment and is expected to increase Flow's book value by about $1 million.Shares of the company were last seen up $0.08 to $0.82 on the TSX Venture Exchange.Price: $0.82, Change: $+0.08, Percent Change: +10.81%

$FW.V

Mining & Metals3d ago

Coelacanth Energy Completes its $80 Million Bought-Deal Financing

Coelacanth Energy (CEI.V) on Wednesday closed a bought-deal share financing that raised $80 million.The company sold underwriters 97.56-million priced at $0.82 each.Proceeds are earmarked for exploration and development of its projects in the Montney Two Rivers area in British Columbia and for working capital and general corporate purposes.The company's shares were last seen down $0.01 to $0.84 on the TSX Venture Exchange.Price: $0.84, Change: $-0.01, Percent Change: -1.18%

$CEI.V

Mining & Metals3d ago

FirstService Declares Quarterly Cash Dividend of US$0.305 Per Share

FirstService's (FSV.TO) board of directors declared a second-quarter cash dividend of US$0.305 per share, payable on July 7, to shareholders of record at the close of business on June 30, it said Wednesday.The payout is unchanged from the prior quarter.Price: $180.72, Change: $+9.51, Percent Change: +5.55%

$FSV.TO

Mining & Metals3d ago

Stifel Canada on Cargojet's "Solid" Q1

Cargojet (CJT.TO) reported solid first-quarter results despite the macro volatility, underpinned by resilient domestic network performance and growth in new charter business in South/Central America, notes Stifel Canada.Analyst Daryl Young, who is maintaining a buy rating and $120.00 price target on the company's shares, notes that, at first look, Cargojet's adjusted EBITDA of $81.9 million was 4.9% above consensus.Management provided a constructive outlook, with the domestic network performing well through April, while the new charter customers/routes are expected to smooth traditional seasonality across the year.Revenue associated with the grounding of the MD-11 jets last November is expected to continue through the third quarter of this year. The international aircraft, crew, maintenance and insurance (ACMI) business remains slow, but appears to have found a new run-rate for the north/south routes (east/west routes will still take time to recover), Young adds."Overall, we continue to think that CJT is doing a good job managing through the current depressed environment, with its fundamental results and share price poised to see upside as tariff/trade overhangs eventually fade."Price: $82.17, Change: $+4.47, Percent Change: +5.75%

$CJT.TO

Mining & Metals3d ago

RBC Lowers Colliers International Group's Price Target to US$155.00 From US$160.00, Maintains Outperform Rating

RBC Capital Markets maintained its outperform rating on the shares of Colliers International Group (CIGI.TO, CIGI) and lowered its price target to US$155.00 from US$160.00 after the company reported its first-quarter financial results.RBC characterized Q1 as "top-line strong but bottom-line wobbly.""Overall AEBITDA margin declined 67 bps to 9.5%, caused by: 1) CIGI has been investing in recruiting and IT investments to enable AI efficiencies within CRE, 2) Outsourcing had slower growth, 3) Lower utilization in residential development and telecom end markets in Engineering, 4) Higher than expected tax rate in Europe, 5) Integration under Harrison Street platform in IM, which has been well articulated in the past," stated RBC.While 2026 guidance was maintained, it relies on a strong H2, said RBC. CM and leasing appear on track to deliver "strong revenue growth", 25% expected for CM and 8% for leasing in 2026, which RBC expects to more fully flow through to EBITDA in H2, as it did last year. Europe and APAC "could be slowing somewhat" from the Iran war but NA "remains strong notwithstanding rate rise," it further stated."Given macro uncertainties and lingering AI impact overhang where one is 'guilty until proven innocent', CIGI's price action today suggests that the market has no patience for wobbly quarters nor backend-loaded guidance," said RBC in a note dated May 5, 2026.RBC continues to believe that for "patient investors", CIGI offers "good value" even under RBC's "more conservative" 2026 estimates at 13x AEPS and 10.5x AEBITDA."Our new PT of (US)$155 (-3%) is based on forward AEBITDA multiple of 12.5x, reflecting 11x for CRE, 12x for Engineering and 15x for IM. Maintain OP," added RBC.Price: $137.23, Change: $+5.09, Percent Change: +3.85%

$CIGI$CIGI.TO

Mining & Metals3d ago

TSX up 360 Points With Miners, Financials Leading Gains

The Toronto Stock Exchange is up 360 points at midday with miners (+5.2%) and financials (+15%), the best performers.Energy and info tech, down 4.8% and 1.6%, respectively, are the worst performers.Energy stocks are down as oil prices sink on hopes that the U.S. and Iran may be nearing a deal to re-open the Strait of Hormuz, media reports say.In domestic news, the Ivey Purchasing Managers Index (PMI) data released Wednesday showed that Canadian economic activity grew in April at the fastest pace in seven months as employment and prices accelerated. The seasonally adjusted index rose to 57.7 last month from 49.7 in March, its highest level since September.In stocks, Vermilion Energy (VET.TO) slumped over 12% to a fresh 52-week low, after it reported a first-quarter earnings miss.

$^GSPTSE$.GSPTSE$VET.TO

Mining & Metals3d ago

CIBC Confirms Outperformer Rating on Cargojet and Raises Target to $125 on Q1 Results

CIBC Capital Markets maintained its outperformer rating on the shares of Cargojet (CJT.TO) and raised its price target to C$125 from C$122 after the company reported its first-quarter financial results on Monday.Cargojet "continues to demonstrate its ability to extract incremental value from its existing fleet through improved asset utilisation and flexible redeployment," it said. About 12 to 13 aircraft operated for DHL are now available up to three days per week "for incremental charter opportunities, materially improving aircraft and crew productivity while lowering idle time," the bank noted.CIBC has seen the company "continue to benefit from healthy domestic demand environment while offsetting shorter-haul ACMI flying with charter opportunities.""The air freight market continues to face macro turbulence, whether it is ongoing trade uncertainty, the spike in fuel prices, or the Middle East conflict," said analyst Kevin Chiang. "CJT's Q1 results and outlook continue to demonstrate that the company is navigating through these headwinds."CIBC's 2026 and 2027 EBITDA forecast move to $341 million from $331 million expected earlier and to $355 million from $353 million, respectively, to reflect the company's revenue outlook and the current fuel price environment. Its EPS forecast moves lower as it adjusts its D&A expenses higher, the bank added.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $82.50, Change: $+4.80, Percent Change: +6.18%

$CJT.TO

Mining & Metals3d ago

CIBC Raises Topaz Energy's Price Target to C$34.50 from C$33.50 Following Q1 Results

CIBC Capital Markets on Tuesday maintained its outperformer rating on the shares of Topaz Energy (TPZ.TO) while raising its price target to C$34.50 from $33.50 following first-quarter results from the oil and gas processing and royalty company.The company's production of 24,600 barrels of oil equivalent per day (boe/d) in the first quarter beat CIBC's estimate of 24,000 boe/d and the consensus forecast of 23,800 boe/d.Topaz's first-quarter production exceeded the top end of its 2026 royalty volume guidance range, and the company also slightly raised its quarterly dividend.Price: $31.68, Change: $-0.11, Percent Change: -0.35%

$TPZ.TO

Mining & Metals3d ago

Kinaxis Price target Lowered to $200.00 at Stifel Canada Ahead of Q1 Report

Stifel Canada lowered its price target on the shares of Kinaxis (KXS.TO) by $45.00 to $200.00 ahead of the company reporting its first-quarter results today after market close.Analyst Suthan Sukumar, who is maintaining a buy rating on the company, sees a favorable demand backdrop in light of the ongoing tariff/geopolitical disruptions to global supply chains."AI traction remains early days, but we continue to see KXS uniquely positioned to monetize AI with potential for upside over the year given its extensive proprietary and real-time supply chain data, domain expertise, and deep integration into workflows for a highly captive and sticky client base," Sukumar writes.Acknowledging that the stock is "not inexpensive," Sukumar says durable industry tailwinds and a F26 SaaS guide that is already nearly ~90% covered by existing backlog, highlights the potential for beat-and-raises ahead."KXS remains a top-pick in our coverage, though our target goes lower to $200/share to reflect recent incremental software sector multiple compression."Price: $139.55, Change: $-3.09, Percent Change: -2.17%

$KXS.TO

Mining & Metals3d ago

UBS Prefers Australian Dollar to Canadian Dollar in The Medium Term

UBS said it stopped out its long AUD/CAD position last Wednesday.The bank highlighted this opportunity on April 16, with a target of 1.01 and a stop loss of 0.973.However, UBS continues to have a preference for the Australian dollar (AUD) over the Canadian dollar (CAD) in the medium term.

$$AUD$$CAD$$CXY$AUD/CAD

Mining & Metals3d ago

Hercules Metals Upsizes Private-Placement Share Financings to $31.5 Million

Hercules Metals (BIG.V) on Wednesday said it upsized private-placement share financings to $31.5 million from $23.2 million.The company sold underwriters 36.4-million shares price at $0.59 each in a bought-deal private placement, raising $21.4 million.It also is also seeking $10 million in a brokered private placement of 17-million shares, also priced at $0.59 eachBarrick Mining (ABX.TO) has a participation right to maintain its stake in the company but Hercules did not say if the company plans to participate in the offerings.Proceeds will be used for exploration and development of its 100% owned Hercules property in western Idaho and for general working capital needs.Shares of the company were last seen down $0.01 to $0.63 on the TSX Venture Exchange.Price: $0.63, Change: $-0.01, Percent Change: -1.56%

$ABX.TO$BIG.V

Mining & Metals3d ago

CIBC Sees a Favorable Backdrop for Gold Developers Amid High Gold Prices

The backdrop for gold developers including Fuerte Metals (FMT.V), Meridian Mining (MNO.TO) and Thesis Gold & Silver (TAU.V) is increasingly favorable amid high gold prices, CIBC Capital Markets said.Elevated gold prices have improved project economics, while strong equity financing appetite and record royalty deal flow continue to support project advancement and provide additional balance sheet flexibility, CIBC said.CIBC views recent consolidation in the gold sector as constructive for M&A, as it may help narrow the gap between buyer and seller expectations.CIBC's gold coverage reflects a broader review of the sector universe, focusing on names that offer the most compelling combination of robust economics, credible paths to construction, capable management teams and meaningful re-rating potential.CIBC also raised Skeena Resources (SKE.TO)'s price target to C$60.00 from $58.00.Price: $9.51, Change: $+0.26, Percent Change: +2.81%

$FMT.V$MNO.TO$SGD$SKE.TO$TAU.V$TO

Mining & Metals3d ago

National Bank Trims Timbercreek Financial Price Target to $7.00 After "Mixed" Q1

National Bank on Wednesday trimmed its price target on the shares of Timbercreek Financial (TF.TO) by $1.00 to $7.00 after the company reported a "mixed" first quarter.Timbercreek reported an earnings miss of $0.13, compared with National Bank's $0.16, notes analyst Jaeme Gloyn, who is maintaining a sector-perform rating on the company. Gloyn noted that Timbercreek is working through a "significant" impaired loan portfolio (driving consistently higher credit losses as loans resolve) and a lower interest rate environment (driving a net interest income miss).Still, Timbercreek delivered another quarter of strong originations, highlighting a robust pipeline, and stable distributable income that exceeded the common dividend, he added.Price: $6.63, Change: $-0.02, Percent Change: -0.30%

$TF.TO

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