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PrairieSky Royalty Posts Lower Profit, Higher Revenue for Q1; Quarterly Dividend Maintained

PrairieSky Royalty (PSK.TO) after trade Monday said its first-quarter profit fell slightly while revenue rose year-over-year.The Western Canadian oil and gas royalty company said it earned $55.8 million, or $0.24 per share, in the period, down from $58.4 million, or $0.25 per share, a year prior. FactSet expected $0.22 per share.Revenue rose to $133.8 million from $128.1 million in the year-ago quarter. Royalty production revenue stood at $118.5 million and other revenue was $15.3 million."It was another strong quarter as third-party operators continued to be very active across PrairieSky's land base bringing wells on production and leasing our fee lands. At current benchmark commodity pricing, we anticipate the level of activity on our land base and the growth in oil and NGL royalty production to continue," Chief Executive Andrew Phillips said.The company's board approved the company's second-quarter dividend of $0.265 per share, payable on July 15 to shareholders of record on June 30.PrairieSky shares closed up $0.26 to $31.11 on the Toronto Stock Exchange.

$PSK.TO

Mining & Metals110d ago

Hemlo Receives Conditional Approval to Graduate to the Toronto Stock Exchange

Hemlo Mining (HMMC.V) after close on Monday said it received conditional approval to list its shares on the Toronto Stock Exchange and graduate from the TSX Venture Exchange.Final approval of the listing is subject to the company fulfilling all of the requirements of the TSX, including receipt of all required documentation on or before July 14. Hemlo said it will issue a news release once the TSX confirms the date on which trading of its shares is expected to commence on the TSX."Receiving conditional approval to graduate to the Toronto Stock Exchange marks a defining milestone for Hemlo Mining and validates the disciplined execution of our capital markets strategy since acquiring the Hemlo Gold Mine. The TSX listing will help broaden our shareholder base, enhance trading liquidity, and position Hemlo alongside Canada's premier gold producers - reflecting both the historic scale of our asset and the institutional confidence we have built. This is a critical step in our staged uplisting plan, ensuring Hemlo is appropriately recognized within the global gold equity universe." chief executive Jason Kosec said.Hemlo's shares closed up $0.31 to $7.14 on the TSX Venture Exchange..

$HMMC.V

Mining & Metals110d ago

VersaBank Begins Receiving QCAD Deposits Under Stablecorp Deal; Notes Kraken Listing Of C$ Stablecoin

VersaBank (VBNK.TO) on Monday said began receiving QCAD deposits under its previously announced custody services agreement with Stablecorp, a Canadian digital-asset infrastructure company and servicer of the QCAD Digital Trust and whose investors include Coinbase, Circle, DeFi Technologies and FTP Ventures.QCAD is Canada's first regulatory compliant Canadian-dollar stablecoin.The bank also congratulated Stablecorp on the listing of QCAD on Kraken, a registered restricted dealer in Canada and one of the longest-standing crypto asset trading platforms globally. Under the listing, QCAD will be available for trading on Kraken, facilitating the settlement of digital-asset transactions in a Canadian dollar denominated instrument."The start of the flow of QCAD deposits is not only further validation of the market-readiness of our VersaVault technology for the rapidly growing digital asset opportunity but also represent a significant milestone for the bank as our first incremental income from our digital asset strategy," said president David Taylor. "The value of stablecoins in circulation is forecast to grow to as much as US$4 trillion in the next four years - a 20-fold increase. Licensed, regulated banks, as they have been for centuries, are the trusted, regulated safekeepers of deposits for individuals and businesses, and are ideally positioned to act in the same capacity," he added.Shares of VersaBank closed up $2.20 to $24.05 on the Toronto stock Exchange.

$VBNK$VBNK.TO

Mining & Metals110d ago

Premium Brands Says Third Female Director Search Ongoing

Premium Brands Holdings (PBH.TO) on Monday said it is currently searching for a third female board director.After Kathleen Keller-Hobson retires at the May 6 annual meeting, and following the recent addition of a male director tied to the acquisition of Stampede Culinary Partners, only two of the eight board nominees this year are women, the company said.The company also said it can appoint up to two additional directors between annual meetings and expects to name a third qualified female director within the next three months."The board is reviewing many able candidates and fully expects to strengthen the board's capabilities and to meet its board diversity policy, including its objective to have women constitute 30% of its directors," the company added.

$PBH.TO

Mining & Metals110d ago

Earnings Flash (PSK.TO) PrairieSky Royalty Reports Q1 Total Revenue $133.8M

$PSK.TO

Mining & Metals110d ago

PrairieSky Q1 Per Share Basic and Diluted $0.24 Vs $0.25 a Year Earlier

$PSK.TO

Mining & Metals110d ago

Questor Technology's Chief Executive Resigns; Appoints Interim CEO

Questor Technology (QST.V) on Monday said chief executive Audrey Mascarenhas has stepped down, effective immediately.No reason for Mascarenhas' departure was offered.The company said Mascarenhas, who joined Questor in 1999 and became CEO in 2005, led the firm to a leading market position in waste gas combustion and helped build strong brand recognition in domestic and international markets.The board is working on a transition plan expected to be completed in the near term. During the transition, Mike Lindsay will serve as interim president and CEO.Mascarenhas will remain a member of the board, while Paul Huizinga has assumed the role of chair, the company said.Shares of the company closed down $0.04 at last look at $0.31 on the TSX Venture Exchange.Price: $0.30, Change: $-0.06, Percent Change: -15.71%

$QST.V

Mining & Metals110d ago

AtkinsRealis Group Confirms 925-megawatt Reactor Submission to CNSC

AtkinsRealis Group (ATRL.TO) said Monday it has submitted a plan to the Canadian Nuclear Safety Commission (CNSC) for a 925-megawatt nuclear reactor, noting this differs from what is shown on the regulator's website and that it is working to correct the information."The 925-MW net licensing is intentional, prioritizing replicability, regulatory confidence, and execution discipline," the company added.The company said the CANDU Monark is designed to meet the needs of domestic nuclear-utility clients. It focuses on using proven technology, regulatory familiarity, and execution certainty.The company added that the reactor could potentially be increased to about 1,000 MW in the future. This would depend on decisions by the owner, the specific site, and regulatory approval. "This uprate potential is enabled through well-understood design margins, turbine-generator selection, and balance-of-plant-optimization, rather than unproven core design changes."The company's shares were last seen down $0.86 to $92.44 on the Toronto Stock Exchange.Price: $92.59, Change: $-0.71, Percent Change: -0.76%

$ATRL.TO

Mining & Metals110d ago

Telus To Expand PureFibre Services To Calgary-Bonavista Through Fibre Connect, Ledcor Partnership

Telus (T.TO), in partnership with Fibre Connect and Ledcor, on Monday said Telus PureFibre services will soon be available in the community of Calgary-Bonavista.Telus said, to date, more than 1.2 million homes and businesses in Alberta have access to TELUS PureFibre, including over 120,000 in rural areas."Beyond building crucial infrastructure that will support this region for generations to come, this partnership empowers local residents and businesses with the connectivity and capabilities they need to thrive in a digital-first world," said Shazia Zeb Sobani, vice-president, National Fibre Program, at Telus.This project includes over 250,000 meters of fiber construction, the company said in a statement.Teluz shares were last seen down $0.21 to $16.78 on the Toronto stock Exchange.Price: $16.78, Change: $-0.21, Percent Change: -1.24%

$T.TO$TU

Mining & Metals110d ago

enCore Energy Appoints Richard Little as CEO; William M. Sheriff Returns as Executive Chair

enCore Energy (EU.V) on Monday said the independent members of its board of directors have unanimously voted to appoint Richard H. Little as chief executive officer, replacing Robert Willette, effective immediately.The company said that Little will also join its board of directors, effective immediately."enCore Founder and former Executive Chair, William M. Sheriff, has agreed to the Board's request for his immediate return as Executive Chair," said the company.According to a statement, Little brings over 30 years of industry and public company experience "primarily focused on enhancing production, well performance, operational efficiency, acquisitions and divestitures." Little previously served as the chief executive officer of Fury Resources, Inc. Prior to this, he served as the chief executive officer of Ajax Resources, LLC. Little also served as chief executive officer of Halcon Resources."Achieving our goals takes an intense management focus and strong commitment to a clear vision and path forward," said Mark Pelizza, enCore's Lead Independent Director, "With William Sheriff's proven vision and guidance, combined with Richard Little's strong track record as a seasoned operator who focuses on execution and operational rigor, enCore will be better positioned to deliver a more disciplined approach to maximizing shareholder returns. As Directors, we are committed not only to focusing on our oversight of operations but also on providing shareholders with timely disclosure. We renew our commitment to transparency and superior shareholder communications as our new management works towards the realization of exceptional potential at Dewey Burdock and Alta Mesa East."The company's shares were last seen down $0.02 at $2.88 on the TSX Venture Exchange.Price: $2.88, Change: $-0.02, Percent Change: -0.69%

$EU.V

Mining & Metals110d ago

NevGold Upsizes Brokered Private Placement Financing to up to Around C$42.2 Million

NevGold (NAU.V) on Monday said it is upsizing best-efforts private placement of shares to $42.2 million, up from its original $25-million target.The company said it will now look to place 22.2 million shares priced of C$1.90 each.The company plans to use proceeds for advancing its Limousine Butte antimony-gold project in Nevada, the Nutmeg Mountain gold project in Idaho, and for working capital and general corporate purposes.The company's shares were last seen up $0.04 to $2.14 on the TSX Venture Exchange.Price: $2.16, Change: $+0.06, Percent Change: +2.86%

$NAU.V

Mining & Metals110d ago

Stifel Canada on Investor Expectations For CAE

Stifel Canada completed a survey of 26 buy-side investors ahead of CAE (CAE.TO, CAE) releasing its new longer-term transformation-plan targets in May, alongside fiscal fourth-quarter results."Since Matt Bromberg took the helm in August 2025, the company has been teasing out a broad framework for its turn-around plans, but has yet to provide hard targets for growth, margin improvement, ROIC, and FCF," notes analyst Daryl Young, who is maintaining a buy rating and C$50.00 price target on the stock.Stifel's clear takeaway is that investors are "laser focused" on CAE harvesting FCF, with less focus on growth. Young believes capex curtailments alone will likely be sufficient to achieve the low-end of FCF expectations post transformation. He adds that 40% of survey responses indicated expectations for $2.00-$2.50 of FCF/sh post transformation in F2029 (~6% FCF yield to current share price).Price: $35.91, Change: $-0.91, Percent Change: -2.47%

$CAE$CAE.TO

Mining & Metals110d ago

Transoceanic Investments Announces OTCQB Ticker Change

Transoceanic Investments (OCEN.V) on Monday said following its April 9 name change its ticker on the OTCQB has changed to OCEEF effective immediately.The company's shares were last seen down $0.005 at $0.075 on the TSX Venture Exchange.Price: $0.08, Change: $-0.01, Percent Change: -6.25%

$OCEN.V

Mining & Metals110d ago

RBC Expects "Resilient" Q1 Results From P&C Sector

RBC Capital Markets expects "resilient" first-quarter results from the property and casualty (P&C) insurance sector, but does not believes the results will be enough to change currently subdued investor sentiment on the sector.Analyst Bart Dziarski raised his price target on Fairfax Financial (FFH.TO) to US$2,261.00 from US$2,234.00 primarily reflecting the Poseidon transaction, and maintained an outperform rating. He believes the current valuation does not reflect the positive momentum in Fairfax's underwriting operations and investment portfolio."We expect Fairfax's underwriting results to remain strong in a favourable (albeit slowing) pricing environment where Fairfax has a historical track record of opportunistic growth. Fairfax's investment portfolio has been re-positioned to take advantage of the current interest rate environment driving improving investment results which we expect to continue," he wrote. Dziarski expects the P/B valuation discount vs. peers to narrow as Fairfax continues to consistently deliver solid operating results.As for the diversified financials sector, Dziarski remains cautious on goeasy (GSY.TO) and will look for updates on goeasy remediating issues within the LendCare portfolio, both regarding internal controls/financial reporting and charge-offs/loan losses. "We believe resolution of the foregoing is important for sentiment to improve."He is maintaining an underperform rating and $33.00 price target on goeasy. Dziarski does not expect management's 3-point action plan to take hold until 2028+ and sees downside risk to valuation as investors reassess the durability of book value and the company's ability to stabilize credit performance.Price: $2482.26, Change: $+25.42, Percent Change: +1.03%

$FFH.TO$GSY.TO

Mining & Metals110d ago

Richards Group Declares April Dividend

Richards Group (RIC.TO) on Monday declared a cash dividend for the month ended April 30 of C$0.11 per share, unchanged from the prior month.The company said that the dividend will be to shareholders of record at the close of business on April 30 and will be payable on May 14.

$RIC.TO

Mining & Metals110d ago

D2L Says Rasmussen University Selected D2L Brightspace to Deliver Inclusive AI in Education

D2L (DTOL.TO) on Monday said that Rasmussen University. part of American Public Education, Inc. selected D2L Brightspace to help power all courses and programs, replacing its previous learning platform, Blackboard.The company said the transition to D2L Brightspace is set to help streamline administrative processes between American Public Education institutions, to better enhance content creation through artificial intelligence and deliver more engaging, inclusive learning experiences.The company said that, following a pilot in May, Rasmussen University plans to implement D2L Brightspace across all programs, with a focus on nursing education."We're excited to support Rasmussen University in its mission to meet learners with more personalized, flexible, and career-focused learning experiences designed to help them reach their goals," said chief executive John Baker. "We're delighted to extend our relationship with American Public Education and help deliver a more engaging and inspiring learning platform for educators and learners."The company's shares were last seen down $0.17 to $8.91 on the Toronto Stock Exchange.Price: $8.91, Change: $-0.17, Percent Change: -1.87%

$DTOL.TO

Mining & Metals110d ago

TSX Down 27 Points at Midday

The Toronto Stock Exchange is down 27 points at midday as Middle East peace prospects grow fainter.Miners, down 0.5%, is the worst performer, as precious metals prices decline.Healthcare and energy, up 2% and 0.9% are the best performers.On the economic front, all eyes were on the release of Canadian CPI for March.CIBC noted the 2.4% headline reading, driven by a 0.9% not seasonally adjusted m/m increase (0.5% after seasonal adjustment), was actually slightly below the consensus expectation (2.6%) but still a sharp acceleration from 1.8% in the prior month."Everyone knew that inflation jumped in March due to higher gasoline prices, the only question remaining was how high?," CIBC said. "As it turned out," the bank added, "the jump in headline inflation wasn't quite as high as expected, and core measures continued to show little sign of inflationary pressure outside of the surge in fuel prices. Pass-through from higher energy prices into core measures of inflation may become more evident closer to the summer months, particularly in areas such as air fares, but slack within the Canadian economy should prevent those measures from reaccelerating too much, enabling the Bank of Canada to remain on the sidelines through 2026."For RBC the bottom line is that while some components, particularly grocery prices and rent, are still running well above year-ago levels, the March report reinforces its view that recent increases in oil prices can push headline inflation higher in the near term but are unlikely to re-ignite broader inflation pressures. RBC said the BoC will keep a close eye on inflation expectations, but added slower core price growth measures leave the central bank flexibility to also keep an eye on what is still a soft economic backdrop with the unemployment rate still elevated.In stocks, Rupert Resources (RUP.TO) jumped 65% to an all-time high of $11.86, after it announced that it was being acquired by Agnico Eagle Mines (AEM.TO) in a deal that values the company at $2.9 billion.

S&P/TSX CompositeS&P/TSX Composite$RUP.TO

Mining & Metals110d ago

CIBC Revises Price Targets for Power and Utility Equities

CIBC Capital Markets over the weekend outlined changes to price targets of power and regulated utilities equities ahead of the first-quarter earnings season.CIBC raised its price target for Canadian Utilities (CU.TO) to C$51.00 from C$47.00 given a higher P/E multiple applied to its 2027 earnings estimate. ATCO (ACO-X.TO)'s price target was also increased to C$82 from C$72.The price targets for Emera (EMA.TO), Fortis (FTS.TO) and Hydro One (H.TO) were each increased by C$1.00, while Algonquin Power & Utilities (AQN.TO)'s price target increased to US$6.50 from US$6.25.CIBC also boosted Brookfield Renewable Partners' (BEP-UN.TO) price target to US$40.00 from US$37.00 to reflect higher estimates.According to CIBC, investors should hold a balance of power and regulated utilities equities. Capital Power (CPX.TO) and Brookfield are among the preferred power names while ATCO and Fortis are the preferred regulated utilities names.Price: $66.33, Change: $-0.14, Percent Change: -0.22%

$ACO-X.TO$AQN.TO$BEP-UN.TO$CPX.TO$CU.TO$EMA.TO$FTS.TO$H.TO

Mining & Metals110d ago

DEFSEC Technologies Announces Board Changes; Shares up 13%

DEFSEC Technologies (DFSC.V) on Monday said David Ibbetson, former General Manager of General Dynamics Mission Systems International (GDMS) has joined DEFSEC's board of directors.The company said Ibbetson has more than 35 years in the aerospace and defense industry, and 25 years with General Dynamics, where he served in "progressively senior executive roles," most recently as the General Manager of the international division of General Dynamics Mission Systems, headquartered in Ottawa.The company further said Ibbetson led operations throughout Canada, United Kingdom, Italy, Saudi Arabia, Oman, Turkey and the UAE, "delivering major US and Canadian programs" such as Land C4ISR, CH-148 Cyclone and CP-140 Aurora Integrated Mission System and "exporting products and systems into immense programs" of the UK Ministry of Defense and other allied nations' militaries."Dave brings immense wisdom and experience to the company," said chief executive Sean Homuth. "His experience growing and leading defense enterprises on a global scale while successfully navigating relationships with governments and major defense contractors, will be of very great value to DEFSEC, as we enter a new phase of expected growth."The company also announced the departure of Paul Mangano from the DEFSEC board of directors."Paul has agreed to step down to allow the board space to bring on a seasoned Canadian executive with deep experience in the delivery of large-scale Canadian defence programs," Homuth added. "This aligns with company's growth strategy and focus on increasing participation in Canada's Defence Industrial Strategy."The company's shares were last seen up $0.36 to $3.11 on the TSX Venture Exchange.Price: $3.11, Change: $+0.36, Percent Change: +13.09%

$DFSC.V

Mining & Metals110d ago

CIBC Picks Cenovus, Kelt, Suncor, Tamarack, Tenaz, Whitecap as Its Top Ideas for Canadian Oil Equities

CIBC Capital Markets said Friday its top ideas for Canadian oil equities in the first quarter include Cenovus Energy (CVE.TO), Kelt Exploration (KEL.TO), Suncor Energy (SU.TO), Tamarack Valley Energy (TVE.TO), Tenaz Energy (TNZ.TO) and Whitecap Resources (WCP.TO).CIBC said Canadian oil equities showed strong performance in the first quarter, driven by geopolitical conflict in the Middle East.Oil prices and U.S Gulf Coast crack spreads increased by 78% and 200% during the quarter, respectively, helping improve realizations for liquids-focused producers and integrated companies, CIBC said.Due to the oil price spike, CIBC expects meaningful tailwinds for Suncor and Cenovus, while Imperial Oil (IMO.TO) could face a headwind.Higher oil prices could also drive working capital adjustments, which could increase net debt levels for the integrateds, CIBC added.CIBC said Canadian LNG projects look increasingly attractive for supply security amid the Middle East conflict. As a result, CIBC expects the LNG Canada Phase 2 and Ksi Lisims LNG projects to be sanctioned in 2026.Price: $84.28, Change: $+0.59, Percent Change: +0.70%

$CVE.TO$IMO.TO$KEL.TO$SU.TO$TNZ.TO$TVE.TO$WCP.TO

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Mining & Metals110d ago

TSX Down 27 Points at Midday

S&P/TSX CompositeS&P/TSX Composite$RUP.TO