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BMO Raises Bombardier Price Target to $320.00 After Q1 Beat, 2026 FCF Guidance Raise

BMO Capital Markets raised its price target on the shares of Bombardier (BBD-B.TO) by $20.00 to $320.00, maintaining its outperform rating after the aircraft manufacturer reported first-quarter results on Thursday.Analyst Fadi Chamoun notes that Bombardier's first-quarter results exceeded expectations, with solid orders momentum, underpinning the company's best first quarter free cash flow (FCF) performance in nearly 20 years, catalyzing a 2026 FCF guidance raise."BBD's transformation has positioned the company for sustained FCF generation, combined with a growing set of opportunities to re-invest in growth at a strong 20%+ ROIC is supportive for valuation," Chamoun adds.Price: $292.25, Change: $+3.61, Percent Change: +1.25%

$BBD-B.TO

Mining & Metals9d ago

RBC Lifts Methanex's Price Target to US$70.00 from US$65.00

RBC Capital Markets maintained its sector-perform rating on the shares of Methanex (MX.TO., MEOH) and raised its price target to US$70.00 from US$65.00 following the Wednesday release of the company's first-quarter results.The higher price target mainly reflects higher methanol prices through 2026, RBC said.Methanex is poised to realize a very strong second quarter as elevated methanol prices hit the bottom line, according to RBC.Based on the company's May 2026 non-discounted methanol price, RBC estimated that the company would generate roughly $1.70 per share of free cash flow per month, which would mainly be allocated to debt reduction, and potentially some share buybacks.However, the main uncertainty is when the Iran conflict will be resolved, and the time it takes for methanol prices to normalize, RBC said.Price: $85.71, Change: $-3.17, Percent Change: -3.57%

$MEOH$MX.TO

Mining & Metals9d ago

Silver Viper Minerals Upgrades To OTCQX Best Market

Silver Viper Minerals (VIPR.V) has qualified to trade on the OTCQX Best Market, the company said on Friday.The company upgraded to OTCQX from the OTCQB Venture Market and its common shares begin trading today on OTCQX under the symbol VIPRF, added the company."We are pleased to upgrade to the OTCQX Best Market, which reflects our continued commitment to strong corporate governance, transparency, and engagement with our growing U.S. investor base," said Steve Cope, President and Chief Executive Officer of Silver Viper. "This uplisting enhances Silver Viper's visibility and accessibility for U.S. investors and supports our broader capital markets strategy as we advance our portfolio of precious metals projects in Mexico, including our flagship La Virginia Gold-Silver Project."The company's shares were last seen up $0.02 at $0.85 on the TSX Venture Exchange.Price: $0.85, Change: $+0.02, Percent Change: +2.41%

$VIPR.V

Mining & Metals9d ago

National Bank of Canada Downgrades Arizona Metals to Sector Perform, Cuts Price Target to C$0.25

National Bank of Canada on Thursday downgraded Arizona Metals' (AMC.TO) rating to sector perform from outperform while its price target was reduced to C$0.25 from $0.90.The changes were based on 0.4x asset NAVPS plus corporate adjustments, the bank said.Arizona Metals recently announced the results of a preliminary economic assessment on its Kay project in Arizona. The study did not meet expectations, with high costs and complex refractory metallurgical processing, National Bank said.The bank updated its base-case model, with the Kay project now carried at nil, leaving a US$75 million potential resource credit for future exploration at the Sugarloaf Peak asset."Going forward, we expect AMC to take some time to reset expectations before refocusing on exploration targeting," National Bank said. "We expect future upside opportunities to be primarily driven by commodity price backdrop and identification of exploration opportunities that are contingent on drill permits and financing ability."Arizona Metals traded at $0.29 per share at last look Friday on the Toronto Stock Exchange.Price: $0.29, Change: $-0.01, Percent Change: -3.39%

$AMC.TO

Mining & Metals9d ago

Makenita Resources Acquires the 23,517 Acre "Serpentinization Iron-Magnetite Project" in Saskatchewan; Shares up 4.7%

Makenita Resources (KENY.CN) acquired the "Serpentinization Iron-Magnetite Project" in Saskatchewan, the company said on Friday.This project consists of 23,517 contiguous acres that directly borders Max Power Corp in Saskatchewan, said the company and added that it is prospective for iron and magnetite."This project has a massive footprint in a known area prospective for iron and magnetite," said Jason Gigliotti, President of Makenita Resources. "In certain situations when you have large iron formations that are rich in specific minerals, like magnetite, you can stimulate that iron formation to produce naturally occurring hydrogen. This project directly borders Max Power Corp (Maxx). With just over 30 million shares outstanding, any success in the ground would have a meaningful impact on the Company given such a small float. Management anticipates a very active remainder of the year on multiple projects and is very optimistic about the near- and mid-term outlook for Makenita."Shares of the company were last seen up $0.005 at $0.11 on the Canadian Securities Exchange.Price: $0.11, Change: $+0.01, Percent Change: +4.76%

$KENY.CN

Mining & Metals9d ago

Gibson Energy Closes $400 Million Chauvin Infrastructure Acquisition to Extend Hardisty Platform

Gibson Energy (GEI.TO) closed its previously announced acquisition of Teine Energy's Chauvin Infrastructure Assets.Gibson, through the deal, acquired a crude oil gathering pipeline system and associated infrastructure connecting Chauvin to the Hardisty oil hub, extending the company's strategic footprint at Hardisty and "reinforcing the stable, contracted nature of its cash flows." The acquisition of the Chauvin infrastructure assets is "underpinned by long-term take-or-pay and area-of-dedication agreements" with Teine Energy, it added.The company also sanctioned the Hardisty Connection growth project which will directly connect the Chauvin Infrastructure Assets to the company's core terminal and enhance connectivity for customers. Gibson expects to sanction the Chauvin pipeline expansion project to increase effective capacity from 30,000 barrels per day to an expected 45,000 barrels per day, by the end of 2026.Funding for the $400 million purchase price for the deal was done through a combination of proceeds from Gibson's previously completed $215 million bought deal equity offering and drawings under its existing credit facility.Shares of the company were last seen down 0.7% at $29.53 on the Toronto Stock Exchange.Price: $29.53, Change: $-0.22, Percent Change: -0.74%

$GEI.TO

Mining & Metals9d ago

Choice Properties REIT Upgraded to Outperformer From Neutral, Keeps C$16.50 Target at CIBC As "With Or Without FCR, Recent Pullback Is An Opportunity"

Price: $15.26, Change: $+0.19, Percent Change: +1.26%

$CHP-UN.TO

Mining & Metals9d ago

Independent Review Confirms Potential of GoldHaven Resources' Copecal Project in Brazil

An independent specialist geology consultant has validated and enhanced the geological understanding of GoldHaven Resources' (GOH.CN) Copecal project in Brazil, the company said Friday.This was after a detailed review of drill core and data from an inaugural diamond drilling program of nine holes totaling 1,085.7 meters, GoldHaven said.The review confirmed the potential for large-scale, structurally controlled hydrothermal gold system. Clear vectors to higher-grade mineralization were identified at the East and West targets, the company said.The company plans to advance an expanded drill program in 2026."The geological features identified at Copecal with the initial phase of drilling remain encouraging and consistent with the expected signature of an intrusion-related, hydrothermal system," Senior Project Geologist Gustavo Almeida said."At the scale of the project, the association of gold and gold-copper anomalism with fold hinge structures and magnetic features provides a clear and technically sound framework for follow-up drilling," Almeida said.

$GOH.CN

Mining & Metals9d ago

West Fraser Keeps Neutral, Target Eased To C$100 From $102 at CIBC As "Executing Well, But Housing Backdrop Remains Challenged"

Price: $87.00, Change: $+1.00, Percent Change: +1.16%

$WFG.TO

Mining & Metals9d ago

NovaRed Mining Expands Wilmac Copper-Gold Project With Option of Trojan-Condor Corridor

NovaRed Mining (NRED.CN) entered into a property option amending agreement, whereby it may buy a 70% interest in an additional five mineral tenures comprising about 4,573.82 hectares, known collectively as the Trojan-Condor Corridor, it said Friday.These additional claims are adjacent to the nine claims that comprise NovaRed's existing Wilmac Copper-Gold project and expand the project size to a total of 16,077.76 hectares, it added. The company must pay the optionor $100,000 and issue 3-million units in its capital to the optionor upon Canadian Securities Exchange (CSE) acceptance for filing.Each unit will consist of one common share and a two-year transferable share purchase warrant entitling the optionor to buy a share for $1.80. The company must pay an additional $150,000 to the optionor by March 31, 2027, and fund $8.5 million in exploration expenditures on the claims, including $1.5 million in stages in 2026, in order to exercise the option.The 70% interest in the claims that NovaRed may buy pursuant to the option is subject to a 2% net smelter returns royalty (NSR), the company said. It may buy one-half of the NSR for a one-time payment of $2 million.Upon the exercise of the option, the company must pay the optionor an annual advance royalty payment of $100,000 per year so long as the company retains its interest in the property."Our priority is to integrate the historical IP, magnetics, soils, and drill data with our 2026 geophysical program at Wilmac and define the most compelling drill targets across the consolidated Project," said NovaRed Mining Chief Executive Brian Goss.Shares of the company closed unchanged at $1.8 on Thursday on the CSE.

$NRED.CN

Mining & Metals9d ago

Allied Properties REIT Keeps Neutral Rating, Price Target Eased To C$10.50 from $11 at CIBC As "Banking On The Back Half"

Price: $9.92, Change: $+0.08, Percent Change: +0.81%

$AP-UN.TO

Mining & Metals9d ago

Queen's Road Capital Up 3.4% As Completes Upsized C$33.8M Private Placement

Queen's Road Capital Investment (QRC.TO) completed its upsized private placement for gross proceeds of C$33.8 million, the company said on Friday.This comes after the placement was upsized to more than 2.18 million shares at a price of C$15.50 each, it added.Proceeds will be used to fund additional investments in accordance with the company's investment policy, said the company."Queen's Road Capital welcomes several new shareholders to our register including two major Canadian institutional investors, one U.K.-based major institution and two Hong Kong-based family offices," said Warren Gilman, Chairman and Chief Executive Officer.Price: $15.94, Change: $+0.53, Percent Change: +3.44%

$QRC.TO

Mining & Metals9d ago

TSX Had First Win In Six Sessions on Thursday

$^GSPTSE$.GSPTSE

Mining & Metals9d ago

TSX Now Down Near 35 Pts, Was Down Double That In Early Moments of Friday Trade

$^GSPTSE$.GSPTSE

Mining & Metals9d ago

Nasdaq-listed Datavault AI Buying CyberCatch Holdings in C$136.8 Million Deal

Cybersecurity company CyberCatch Holdings (CYBE.V) entered into a binding letter of intent that will see Nasdaq-listed Datavault AI buy it in a deal valued at C$136.8 million, the company said Friday.Under the terms, Datavault AI will acquire 100% of CyberCatch's issued and outstanding common shares in exchange for about 49.9 million newly issued shares of Datavault AI common stock at C$5.11 per CyberCatch share.All issued and outstanding CyberCatch securities convertible into or exercisable for CyberCatch common shares will be exchanged for Datavault AI shares at a deemed value of US$2.00 per Datavault AI share.Upon closing, Datavault AI stockholders will hold approximately 92.48% of Datavault AI while CyberCatch shareholders will hold 7.52%, on a non-fully diluted basis.CyberCatch is expected to operate as a subsidiary of Datavault AI. CyberCatch founder, Chairman, and Chief Executive Officer Sai Huda will serve as president of the subsidiary, reporting to Nathaniel Bradley, CEO of Datavault AI.The deal is expected to position Datavault AI to bring CyberCatch's AI-enabled cyber risk mitigation solution into Datavault AI's SanQtum-secured edge Graphics Processing Unit ecosystem. This would address a global information security market projected to reach US$240 billion in 2026, the companies said.

$CYBE.V$DVLT

Mining & Metals9d ago

InPlay Oil Confirms Monthly Dividend for May 2026

InPlay Oil's (IPO.TO) board of directors declared a monthly cash dividend of $0.09 per common share, unchanged from the prior month.It is payable on May 29, 2026, to shareholders of record at the close of business on May 15.

$IPO.TO

Mining & Metals9d ago

BeMetals Resumes Trading on TSXV; To Launch 1-For-10 Reverse Stock Split

BeMetals' (BMET.V) common shares will resume trading on the TSX Venture Exchange (TSXV), effective at the open of market on May 5, it said Friday.The company also received approval from the TSXV to consolidate its outstanding common shares on the basis of one new common share for every 10 common shares. The reverse stock split will take effect at the start of trading on May 8.The 294.4-million common shares issued and outstanding prior to the consolidation will be reduced to about 29.4-million common shares, the company said. It expects to send letters of transmittal to registered holders of its common shares for use in transmitting their existing share certificates to its registrar and transfer agent in exchange for new certificates representing the number of post-consolidation common shares to which each shareholder is entitled.The company's shares last traded Apr. 15, closing at $0.06 on the TSXV.

$BMET.V

Mining & Metals9d ago

Nova Leap Health Acquires Nova Scotia-based Parkwood Home Care

Nova Leap Health (NLH.V) subsidiary Earth Angels has acquired Parkwood Home Care, which has operations in Nova Scotia, for $3.5 million, the company said on Friday.Nova Leap will pay $3.2 million in cash, along with a $300,000 promissory note over a three-year period, a statement said.The cash on closing was funded by way of a $2.2 million draw on Nova Leap's acquisition debt facility and by $1 million of cash on hand. The new debt is repayable over a five-year term. The company said it still has access to up to US$3.05 million in available credit.Parkwood reported unaudited revenue of $3.8 million and adjusted EBITDA of $785,000 for its 2025 fiscal year."Our Nova Scotia operations were Nova Leap's fastest growing geography and delivered record results in 2025," said chief executive Chris Dobbin. "The acquisition of Parkwood by Earth Angels represents a logical next step in building further density in a market we know well. It enhances our ability to scale efficiently, deepens our presence in the province and expands our role across the continuum of care, positioning our Nova Scotia platform for sustained growth."Nova Leap shares closed unchanged at $0.37 on Thursday on the TSX Venture Exchange.

$NLH.V

Mining & Metals9d ago

Imperial Oil's Q1 Net Income Falls YoY

Imperial Oil's (IMO.TO) net income dropped year over year in the first quarter, the company said Friday.Imperial Oil booked a net income of C$940 million, or $1.94 per share, falling from $1.29 billion, or $2.52 per share, in the year-ago period.Analysts expected Imperial Oil's earnings at $2.30 per share, according to FactSet.Revenue slipped to $12.45 billion from $12.52 billion while expenses increased to $11.21 billion from $10.83 billion.Upstream production stood at 419,000 gross oil-equivalent barrels per day in the first quarter, rising from 418,000 gross oil-equivalent barrels per day in the year-ago period."Against a backdrop of significant volatility in global commodity markets, we remain committed to our long-standing corporate strategy of maximizing the value of our existing assets while progressing advantaged growth opportunities," Chairman, President and Chief Executive Officer John Whelan said.Imperial Oil declared a dividend of $0.87 per share for the second quarter, unchanged from the first quarter. The dividend is payable July 1 to shareholders of record as of June 4.The company plans to renew its normal course issuer bid in June.

$IMO.TO

Mining & Metals9d ago

Real Matters Swings to Consolidated Net Income in Q2, Consolidated Net Revenue Rises

Real Matters (REAL.TO) swung to consolidated net income in the second quarter, while consolidated net revenue rose, the company said on Friday.For the second quarter, the company posted consolidated net income of US$1.2 million, compared to consolidated net loss of $2.2 million in the corresponding year-ago quarter.It posted second quarter adjusted net income per diluted share of $0.01 per share, compared to adjusted net loss per diluted share of $0.02 per share in the year-ago quarter. The consensus estimates compiled by FactSet for Non GAAP EPS was nil.Second quarter consolidated net revenue was $13.6 million, compared to $10.1 million in the year-ago quarter. The consensus estimates compiled by FactSet for sales was $12.7 million.For the second quarter, consolidated revenue was $47.2 million, compared to $37.3 million in the year-ago quarter."U.S. Appraisal revenues were up 26% and Adjusted EBITDA was up 41%. Our U.S. Title segment delivered exceptional year-over-year growth in the second quarter, with revenues up 127% and Net Revenue increasing 176%, driven by new client wins, market share gains, and improved refinance market conditions," said Real Matters Chief Executive Officer Brian Lang.

$REAL.TO

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