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RBC Reaffirms Imperial Oil's Underperform Rating, C$124 Price Target

RBC Capital Markets on Friday reaffirmed Imperial Oil's (IMO.TO, IMO) underperform rating and C$124 price target following the release of the company's first-quarter results.Key takeaways from Imperial Oil's conference call include the company's cost optimization initiatives, with the company's restructuring resulting with roughly 130 employees departing in the first quarter.Imperial Oil also returned C$350 million to shareholders during the quarter via dividends. Its capital spending reached C$478 million, below RBC's forecast of C$525 million.The company indicated that it does not intend to alter the pace of capital investment this year despite a stronger commodity pricing backdrop.Price: $177.38, Change: $+2.78, Percent Change: +1.59%

$IMO$IMO.TO

Mining & Metals97d ago

Magna International Price Target Trimmed to US$74.00 at CIBC

CIBC trimmed its price target on Magna International (MG.TO, MGA) by US$2.00 to US$74.00, and maintained its outperformer rating.Magna reported strong first-quarter results, providing further evidence of the company's s solid execution and disciplined approach, writes analyst Ty Collins. He links the negative share price reaction to market factors and some noise within the outlook, which was essentially unchanged, except for a $400 million (1%) reduction to FY sales.While macro risks remain (USMCA, Iran War) Collins believe Magna is well positioned to navigate potential impacts."We continue to see a clear pathway for margin improvement and strong cash flow generation, and view significant share buybacks as supportive."Price: $80.50, Change: $-2.18, Percent Change: -2.64%

$MG.TO$MGA

Mining & Metals97d ago

Black Mammoth Metals Provides Exploration Update For the 305 Property in Nevada

Black Mammoth Metals (BMM.V), down 8.5% on last look, on Monday said a ground gravity survey of its 305 property in Nevada delineated another drill target area, trending in a north-south direction, intersected by a northeast- trending gravity anomaly.There has not been any known drilling in the new drill target area in the south indicated by the company's gravity and IP surveys, a statement said.The 305 property is drill ready subject to completion of a Bureau of Land Management (BLM) Notice of Intent, Black Mammoth confirms.The company also staked nine unpatented lode claims on lands administered by the BLM. Together with the 40 existing claims, the 305 property now covers a total of 409 hectares (1012 acres).Black Mammoth Metals shares were last seen down $0.33 to $3.55 on the TSX Venture Exchange.Price: $3.55, Change: $-0.33, Percent Change: -8.51%

$BMM.V

Mining & Metals97d ago

CIBC Resumes Coverage of Gibson Energy with Outperformer Rating, C$32 Price Target

CIBC Capital Markets on Friday resumed coverage of Gibson Energy (GEI.TO) after coming off restriction, with an outperformer rating and an increased price target to C$32.00 from C$30.00CIBC views Gibson's acquisition of the Chauvin infrastructure assets in Alberta as strategic and accretive, extending the company's Hardisty platform with a complementary asset with favorable economics.Alongside a visible pipeline of follow-on projects, the acquisition enhances visibility to the company's target of a 7%+ infrastructure EBITDA per-share compound annual growth rate through 2030.Price: $30.11, Change: $+0.21, Percent Change: +0.70%

$GEI.TO

Mining & Metals97d ago

RBC Lifts Price Targets of Headwater, Whitecap After Q1 Results

RBC Capital Markets on Friday raised the price targets of Headwater Exploration (HWX.TO) and Whitecap Resources (WCP.TO) following the release of their first-quarter results.RBC lifted Headwater's price target to C$14.00 from C$13.00 with a sector-perform rating, as the company's cash flow of C$0.41 per share exceeded RBC's projection of C$0.39 and the Street estimate of C$0.37.RBC also increased Whitecap's price target to C$18.00 from C$17.00 and maintained its sector-perform rating after the company's adjusted funds from operations of C$0.84 per share beat RBC's forecast of C$0.75 and the Street expectation of C$0.74.Meanwhile, RBC reiterated Advantage Energy's (AAV.TO) sector-perform rating and C$14.00 price target. The company's cash flow of C$0.71 per share beat RBC's estimate of C$0.68 and the Street forecast of C$0.67.Price: $13.33, Change: $-0.13, Percent Change: -0.93%

$AAV.TO$HWX.TO$WCP.TO

Mining & Metals97d ago

Transat Launches South Packages on Porter Flights; Shares up 4.6%

Transat A.T (TRZ.TO) and Porter Airlines are launching new Transat packages that combine Porter non-stop flights to Nassau, Grand Cayman, Cancun and Puerto Vallarta, with Transat's "recognized tour operator expertise," taking "another step forward" in their commercial partnership, the companies said on Monday.For some "popular destinations" served by both carriers, such as Cancun and Puerto Vallarta, packages will now feature expanded flight options operated by either Porter or Transat, said the companies.New packages will be available from Toronto, Ottawa and Hamilton for travel on or after Nov. 1, 2026, the companies added."These additions mark a significant enhancement to Transat's South destination portfolio," said Renee Boisvert, Vice-President, Tour Operator Products at Transat. "Through our partnership with Porter Airlines, we're expanding our reach with sought-after destinations like Nassau and George Town, while giving travellers more ways to build the trip that suits them best."The company's shares were last seen up $0.12 at $2.68 on the Toronto Stock Exchange.Price: $2.68, Change: $+0.12, Percent Change: +4.69%

$TRZ.TO

Mining & Metals97d ago

CN Rail Sets New Monthly Record For April Grain Movement

CN Rail (CNR.TO) moved 3.2 million metric tonnes of grain from Western Canada during the month of April, setting a new monthly record, the company said on Monday.The April figure makes eight months of strong performance for this crop year, with seven months being new monthly records, a statement added.CN Rail shares were last seen down $0.41, to $151.78, on the Toronto Stock Exchange.Price: $151.92, Change: $-0.27, Percent Change: -0.18%

$CNR.TO

Mining & Metals97d ago

RBC Keeps Hudbay Minerals' Outperform Rating, C$40 Price Target

RBC Capital Markets on Friday maintained Hudbay Minerals' (HBM.TO) outperform rating and C$40 price target.Hudbay continues to demonstrate stability at its core operations, with a clear and credible path to near and long-term production growth, RBC said.With guidance reaffirmed across all metrics and a net debt-free balance sheet, RBC remains constructive on the shares.Hudbay's Copper World project and Cactus projects in Arizona provide long-term upside for the company, RBC said.Hudbay traded at $30.77 per share at last look Monday on the Toronto Stock Exchange.Price: $30.80, Change: $-0.22, Percent Change: -0.71%

$HBM.TO

Mining & Metals97d ago

TSX Now Up 20 Pts, Was Down 120 Pts Early Monday; Comes After Losses In 6 of Last 7 Full Sessions

S&P/TSX CompositeS&P/TSX Composite

Mining & Metals97d ago

A.I.S. Resources Edging Up As Secures Option to Acquire Pocologan Project in New Brunswick

A.I.S. Resources (AIS.V) secured an option to acquire the Pocologan copper-gold-silver project in New Brunswick, the company said Monday.Under the terms, A.I.S must pay C$30,000 cash upon signing and issue $30,000 worth of shares within five business days following acceptance from the TSX Venture Exchange.The company must also pay $30,000 cash and issue $30,000 worth of shares over four years. The share consideration can be settled using cash and the price of the common shares to be issued will be volume weighted average price and shall not be less than $0.09.The optionor will retain a 2% net smelter royalty (NSR), and A.I.S. has the right of first refusal to purchase 50% of the NSR for $1 million cash.A.I.S' planned work on the project includes data verification, mapping, prospecting, geochemical sampling, airborne and ground geophysics, target modelling, and potential first-pass drilling.Price: $0.10, Change: $+0.01, Percent Change: +5.56%

$AIS.V

Mining & Metals97d ago

Cascadia Minerals Launches 15,000-Meter Drill Program at Carmacks Project in Yukon

Cascadia Minerals (CAM.V) has commenced a 15,000-meter diamond drilling program at the Carmacks copper-gold project in Yukon, the company said Monday.This is the largest diamond drill program on the property since 2007, according to Cascadia.Drilling will continue testing expansion of sulfide mineralization at the Carmacks deposit, including step-outs on key 2025 intersections, the company said.Cascadia will also initiate metallurgical and engineering studies to complete work necessary to prepare for a pre-feasibility study in 2028, the company said.Cascadia launched the campaign following a recently completed equity investment by Agnico Eagle (AEM.TO).

$AEM.TO$CAM.V

Mining & Metals98d ago

TSX Down 120 Pts Early Monday; Comes After Losses In 6 of Last 7 Full Sessions

S&P/TSX CompositeS&P/TSX Composite

Mining & Metals98d ago

Agnico Eagle Mines Up 0.3% In US Premarket As Renews Share Buyback

Agnico Eagle Mines (AEM.TO) said Monday that the Toronto Stock Exchange has approved its notice to renew its normal course issuer bid (NCIB).Under the NCIB, Agnico Eagle may purchase for cancellation, on the open market at its discretion, during the period commencing on May 6, 2026 and ending on the earlier of May 5, 2027 and the completion of purchases under the NCIB, up to the lesser of either 25,024,469 common shares, which is 5% of the issued and outstanding common shares and/or that number of common shares that can be purchased under the NCIB for an aggregate purchase price, excluding commissions, of not more than US$2 billion, subject to the normal terms and limitations of such bids.Based on the closing share price of $188.21 on April 30, 2026, 10,626,428 common shares would be purchasable under the NCIB, representing approximately 2.12% of the issued and outstanding common shares as of April 30, 2026, it said. As of April 30, 2026, Agnico Eagle had 500,489,369 issued and outstanding common shares, it added.Agnico Eagle shares were last seen up 0.3% in US premarket, having been down US$0.81, to US$182.89 a littler earlier.

$AEM.TO

Mining & Metals98d ago

Errington Metals Further Defines Errington Zone at Sudbury Project With 2025 Drilling

Errington Metals (EM.V) has better defined the size and shape of the Errington mineralized zone, which is part of its Sudbury Basin Project in Ontario, the company said on Monday.The Errington zone remains open along strike and at depth (down-dip) with priority areas identified for follow-up exploration drilling. Multiple holes also intersected copper- and gold-rich stringer mineralization, and elevated copper values within zinc-rich massive sulphide intervals, a statement added.Key intercepts from the 2025 diamond drilling program include 23.8 m grading 3.98% copper, 5.76% zinc, 2.61 grams per tonne (g/t) gold and and 130.2 g/t silver.Errington said the results improve confidence in the continuity of mineralization and will feed into 3D geological modelling and an updated mineral resource estimate targeted for the second half of this year.Errington shares closed down $0.04, to $2.96, on Friday on the TSX Venture Exchange.

$EM.V

Mining & Metals98d ago

P2 Gold Reports Latest Drill Results from Lucky Strike Zone in Nevada

P2 Gold (PGLD.V) provided Monday the results from an additional 10 reverse circulation drill holes at the Lucky Strike Zone within the Gabbs project in Nevada.Highlights include 0.69 grams per tonne (g/t) gold and 0.25% copper over 74.68 meters, including 1.32 g/t gold and 0.38% copper over 30.48 meters.Drill data confirmed that higher-grade gold and copper is at the core of Lucky Strike, which could be potentially larger than the Sullivan zone.The Lucky Strike zone remains open in all directions, P2 Gold said.P2 Gold expects to complete an updated resource estimate on Gabbs in the third quarter, while a feasibility study expected in the fourth quarter.

$PGLD.V

Mining & Metals98d ago

AIMIA Updated On Its Share Buybacks For April

Aimia (AIM.TO) repurchased and settled for cancellation a total of 228,900 of its common shares in the month of April 2026 under the company's normal course issuer bid program, it said Monday.The total represents 0.3% of Aimia's 88,790,285 common shares outstanding as at April 30, 2026, the company added.Shares repurchased in April were at a weighted-average price of $2.79 per common share for a total settlement of $638,344 excluding brokerage fees, Aimia said. Through April 30, 2026, Aimia has repurchased and cancelled 9,611,032 common shares since it first announced its share buyback initiative on June 4, 2024, it added.On June 4, 2025 Aimia announced the renewal of its NCIB through June 5, 2026 with approval to purchase for cancellation up to 5,906,629 of its common shares. Through April 30, 2026 Aimia has purchased and cancelled 3,489,700 shares or 59.1% of allowable shares in its current NCIB program, Monday's statement noted.Shares edged lower on the TSX last Friday.

$AIM.TO

Mining & Metals98d ago

Agnico Eagle Renewing Normal Course Issuer Bid

$AEM.TO

Mining & Metals98d ago

Sienna Senior Living Enters Two Purchase Agreements to Buy a Retirement Residence in Greater Ottawa Area and Long-term Care Community in GTA For Combined Investment of Near $109M

$SIA.TO

Mining & Metals98d ago

Dynacor Group Renews Share Buyback Program

Dynacor Group (DNG.TO) said Monday that the Toronto Stock Exchange has approved its notice to renew its normal course issuer bid (NCIB) program.Dynacor may buy back up to 3.8 million shares from May 6, for one year.Under its NCIB, which terminates on May 5, Dynacor repurchased 508,500 shares at a weighted average price of $ 4.5871.Dynacor shares closed up $0.27, to $6.08 on Friday on the Toronto Stock Exchange.

$DNG.TO

Mining & Metals98d ago

Earnings Flash (AIDR.CN) Rocket Doctor AI Q4 2025 Loss Per Share Basic and Diluted $0.10 Per Share Vs Loss of $0.04 a Year Ago

$AIDR.CN

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