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Loblaw on "Good Footing" to Deliver 8% to 10% EPS Growth Target, says National Bank

Loblaw Companies (L.TO) remains on a good footing to deliver against its financial framework of 8% to 10% EPS growth, writes National Bank analyst Vishal Shreedhar after meeting with Loblaw management including with chief financial officer Richard Dufresne.Management is confident in its ability to navigate the current macro backdrop, as second-quarter trends so far appear to be stable q/q (top and bottom line) and the consumer backdrop seems resilient.Loblaw also expressed confidence in its real estate growth plans, suggesting it is gaining market share, particularly in the discount grocery segment. T&T, whose stores in the U.S. are beating expectations, is said to have a long growth runway.In Shoppers Drug Mart, generic versions of semaglutide, commonly known under the brand name Ozempic, are expected to be positive (higher gross margin rate and higher volumes to offset lower prices). Loblaw also aims to roll out a new store concept for Shoppers with focus on mid-tier beauty.Shreedhar is keeping an outperform rating and $67.00 price target on the shares of Loblaw. "Given an uncertain macro backdrop, we favour proven staples such as L to add resiliency to portfolios."

$L.TO

Mining & Metals39d ago

Legend Power Systems Up 25% On $1.3 Million of Orders for 12 of its SmartGATE Systems

Legend Power Systems (LPS.V) shares were last seen up 25% after the company on Thursday said it received orders for 12 SmartGATE energy-management systems in in it fiscal second quarter, worth a total $1.3 million .The orders follow implementation of the company's "enhanced three-pronged strategy" intended to address customer evaluation of the broader financial impact of power conditions on commercial buildings.The orders include a combination of government-related expansion projects, reseller channel sales, and existing customer expansion opportunities, it said. Delivery timing is expected to occur over the current and upcoming quarters, it added.The company will release its fiscal second-quarter results on Friday.Shares of the company were last seen up $0.025 to $0.125 on the TSX Venture Exchange.Price: $0.13, Change: $+0.03, Percent Change: +25.00%

$LPS.V

Mining & Metals39d ago

Argyle Resources Receives Final Approvals for a One-For-Five Share Consolidation; Shares Down 20.8%

Argyle Resources (ARGL.CN) on Thursday said it received all required approvals to go ahead with a one-for-five share consolidation.The company's shares will begin trading on a post-consolidation basis under its existing ticker symbol."Following completion of the consolidation, the company expects to have approximately 11,374,060 common shares issued and outstanding, subject to adjustments for fractional shares and 3,705,218 common shares reserved for issuance," added the company.The company's shares were last seen down $0.025 to $0.095 on the Canadian Securities Exchange.Price: $0.10, Change: $-0.03, Percent Change: -20.83%

$ARGL.CN

Mining & Metals39d ago

Iconic Minerals Starts Drilling at the New Pass Gold Property in Nevada

Iconic Minerals (ICM.V) on Thursday said it launched an exploration-drilling program at its New Pass Gold Property in Nevada.The program is designed to test extensions of a mineralized zone that has already been defined over more than 3,000 feet of strike length and remains open along strike and at depth.New Pass is being explored under a joint venture agreement with McEwen Mining (MUX.TO) with Iconic serving as operator."We are excited to have drilling underway at New Pass as we target extensions of the mineralized zone," said chief executive Richard Kern. "Core recovery has been excellent, and the drilling is helping define the structure and alteration associated with the system. We have already identified a decalcified and silicified limonite-stained section that we believe represents the mineralized zone. Importantly, the geological characteristics intercepted to date appear analogous to Carlin-type mineralized structures found elsewhere in Nevada."Iconic Minerals shares were last seen up $0.005 to $0.085 on the TSX Venture Exchange.Price: $0.09, Change: $+0.01, Percent Change: +6.25%

$ICM.V

Mining & Metals39d ago

Amex Exploration Raises $50 Million in a Brokered Offering and Close the First Tranche of a Private Placement

Amex Exploration (AMX.V) closed a best-efforts private placement of shares that raised $50 million, including the full exercise of the brokers' over-allotment option, while closing the first tranche of concurrent share offer that raised $1.8 million.The company's brokered offering placed 11.1-million shares priced at C$4.50 apiece. It also closed a first tranche of the brokered portion of ia concurrent private placement, placing 394,011 shares at the offering price for C$1.8 million.Proceeds will be used to fund the capital expenditures for its bulk sampling program and a portion of the phase 1 development of the Perron Gold project, a feasibility study on the phase 2 development of the project, exploration of the company's properties, and general corporate needs.Shares of the company were last seen down $0.02 to $4.69 on the TSX Venture Exchange.Price: $4.69, Change: $-0.02, Percent Change: -0.42%

$AMX.V

Mining & Metals39d ago

TSX up 117 Points at Midday, Boosted by Commodities, Utilities

The Toronto Stock Exchange is up 117 points at midday, led by strong gains in commodities and utilities.The energy sector is up 1.6% as oil prices bounce back from Wednesday's plunge. The United States is still waiting on Iran's response to its latest peace proposal, though Reuters reports that Iran will not agree to U.S. demands to end its nuclear program.Crude oil is up US$2.90 to US$101.16 on last look.Utilities is up 1.2%, while the mining sector is up 1%.Healthcare and info tech are the sole decliners, shedding 0.6% and 0.3%, respectively.In stocks, Lightspeed Commerce (LSPD.TO) is 8.8% lower after it reported lower fourth-quarter adjusted earnings, even though revenue advanced 15%.

S&P/TSX Composite$GSPTSE$LSPD.TO

Mining & Metals39d ago

Parvis Invest Signs Binding LOI to Buy FavorPoint Capital To Expand Into the United States

Parvis Invest (PVIS.V) entered into a binding letter of intent (LOI) to buy 100% of the outstanding equity interests of FavorPoint Capital, a Financial Industry Regulatory Authority (FINRA)-registered broker-dealer headquartered in Scottsdale, Arizona, as it looks to expand into the United States, it said on Thursday. No financial details were given.A single Parvis issuer will be able to raise from Canadian and U.S. accredited investors through one platform, one onboarding process, and one regulated distribution relationship, following closing. Parvis will also be able to act as a placement agent for U.S. Regulation D private offerings, onboard U.S.-based accredited investors directly, and originate new mandates from U.S. real estate sponsors and fund managers, it said.The deal is structured as a two-stage all cash deal. Under the terms, Parvis will buy an initial 24.9% minority interest in FavorPoint, with the remaining 75.1% interest to be acquired following the approval of a Continuing Membership Application (CMA) by the FINRA."Canadian private market issuers on our platform have been asking for U.S. distribution access for some time," said Chief Executive David Michaud. "This acquisition gives them a regulated path to U.S. capital through a single platform, without managing separate distribution relationships or compliance regimes on each side of the border... The U.S. accredited investor market is significantly larger than Canada's, and our issuers have been underserved by the lack of a direct, compliant path to it. This acquisition closes that gap."The company believes the combined entity will extend Parvis's existing AI-powered deal sourcing and digital distribution infrastructure across the U.S. market without requiring a material technology rebuild. FavorPoint's existing leadership team will remain in place following closing to ensure regulatory continuity across the firm's FINRA-regulated operations.FavorPoint will become a wholly owned U.S. unit of Parvis following closing, expected on or about June 15, registered with FINRA as a broker-dealer and operating in compliance with applicable U.S. securities laws. Parvis's Canadian operations will continue to be conducted through its unit, Parvis Investment Services Inc., registered as an Exempt Market Dealer with securities commissions across Canada.Shares of Parvis were last down $0.025 to $0.22 on the TSX Venture Exchange.Price: $0.22, Change: $-0.03, Percent Change: -10.20%

$PVIS.V

Mining & Metals39d ago

Lithium Africa Begins Trading on the OTCQB Venture Market Under the Symbol "LTAFF"

Lithium Africa's (LAF.V) shares are now trading on the OTCQB Venture Market in the United States under the symbol "LTAFF", the company said on Thursday.The company's shares will remain trading on the TSX Venture Exchange and Frankfurt Stock Exchange under the symbols "LAF" & "6MQ"."Lithium Africa is still a young company, and a big part of what we're doing right now is getting out there and telling our story," said chief executive Tyron Breytenbach. "The OTCQB listing opens the door to U.S. investors and provides a transparent way for them to participate in what we're building across the African lithium belt, alongside our shareholders in Canada and Europe."The company's shares were last seen down $0.02 at $1.78 on the TSX Venture Exchange.Price: $1.78, Change: $-0.02, Percent Change: -1.11%

$LAF.V

Mining & Metals39d ago

Superior Plus Maintained at Buy at Stifel Canada Following Q1 Results; Price Target Raised to C$10.00

Stifel Canada on Thursday maintained its buy rating on the shares of Superior Plus (SPB.TO) while raising its price target to C$10.00 from C$9.00 as it adjusted its models following the company's first-quarter results."We are updating our estimates following SPB's Q1/26 results. Q1/26 was an encouraging update, with propane results better-than-feared and the delivery optimization challenges seemingly stabilized. However, the key focus is the emerging data center opportunity at Certarus and the need to pause the NCIB to fund capex. To date, five data center contracts have been secured, including the previously announced large hyperscale project slated for mid-2027. There is a healthy amount of investor skepticism surrounding the capital investment required to pivot into data centers. We sympathize given the recent execution challenges and the perceived lack of barriers to entry to CNG distribution but we think the risk/reward is compelling (even if this proves to be an AI/data center bubble). Also, as a scaled early-mover, the initial years of this nascent opportunity could be very attractive akin to Certarus' first 10-years of O&G growth," analyst Daryl Young wrote.(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: $7.64, Change: $+0.19, Percent Change: +2.55%

$SPB.TO

Mining & Metals39d ago

National Bank of Canada Maintains Hemlo Mining's Outperform Rating, C$9.00 Target

National Bank of Canada on Thursday maintained its outperform rating on the shares of Hemlo Mining (HMMC.V) and its C$9.00 price target following the miner's first-quarter results.Hemlo reported first-quarter financial results in its first full quarter under new management. All-in sustaining cost was better than expected, benefiting from a higher gold sales, among other factors.The results overall lent incremental de-risking with higher free cash flow, early deleveraging and visibility for improvements, such as mining fleet upgrades and processing optimization.Adjusted earnings per share was $0.09, below National Bank's estimate of $0.25 and consensus estimate of $0.18.National Bank attributed the earnings miss to costs and non-op items, including depreciation, royalties, finance costs and tax expense.Price: $5.85, Change: $-0.50, Percent Change: -7.87%

$HMMC.V

Mining & Metals39d ago

MDA Space Upbeat on Its Commercial and Defense Prospects, Notes RBC

MDA Space (MDA.TO) is positive on its prospects in both commercial and defense markets, RBC Capital Markets analyst Ken Herbert, who has an outperform rating and $58.00 price target on the shares of the company, wrote.The company's chief financial officer Guillaume Lavoie, who presented at the RBC Canadian Industrials Conference, highlighted a global space economy that is projected to reach up to $1.8 trillion by 2035, including 40,000 to 50,000 new satellites expected to launch within the decade. MDA estimates its addressable share at 20% to 30% of the space market.The expected growth in Canadian defense spending, from $63 billion today to potentially $155 billion in 2035, also provides opportunities for MDA in terms of satellite systems and other products, captured under its newly created 49North business.MDA has $300 million in net cash, and sees strategic M&A as an option. It remains focused on either key technologies, or assets that would help with greater sales exposure into the U.S. market, Herbert writes. MDA sees its space technology; space-grade ASIC chips, digitally formed and electronically steered beams, and its manufacturing capabilities, as key reasons supporting its "right to win".Price: $57.50, Change: $+2.46, Percent Change: +4.47%

$MDA.TO

Mining & Metals39d ago

DLP Resources Announces Closing Of Brokered Offering For Gross Proceeds Of C$6 Million

DLP Resources (DLP.V) announced Thursday the closing of its previously announced "best efforts" private placement for gross proceeds of C$6 million, which includes the exercise in full of the agent's option.The company sold 24 million units at a price of C$0.25 each.Each unit consists of one common share and one common share purchase warrant, said the company and added that each warrant entitles the holder thereof to purchase one common share at a price of C$0.35 at any time from July 21, 2026 to May 21, 2029.The company plans to use the net proceeds for the advancement of its Aurora Cu-Mo-Ag Project in southwest Peru, the exploration of its Esperanza Cu-Mo Project in southern Peru, as well as for general working capital and corporate purposes.The closing of the offering remains subject to the final approval of the TSX Venture Exchange.The company's shares were last seen down $0.005 at $0.20 on the TSX Venture Exchange.

$DLP.V

Mining & Metals39d ago

National Bank of Canada Maintains Torex Gold Resources' Outperform Rating, C$101 Target

National Bank of Canada Thursday maintained Torex Gold Resources (TXG.TO)'s outperform rating and a C$101 target.The company appointed Dan Rollins as chief financial officer from senior vice president of corporate development and investor relations, effective June 17.The change is effective as Andrew Snowden assumes the role as president and chief executive officer upon the departure of Jody Kuzenko.National Bank believes Rollins brings a depth of familiarity and capability to maintain a high-functioning executive team, which the company is known for.Torex Gold at last look lost 1.8% to $58.27 on the Toronto Stock Exchange on Thursday.Price: $58.27, Change: $-1.09, Percent Change: -1.84%

$TXG.TO

Mining & Metals39d ago

Decibel Cannabis Swings To Q1 Adjusted Profit As Revenue Jumps

Decibel Cannabis Company (DB.V) Thursday reported a swing to a first-quarter adjusted profit, as revenue increased.Adjusted earnings, which excludes most one-time items, was $3.07 million, or $0.01 per share, compared with an adjusted loss of $0.15 million, or nil per share, for the prior year period. The result was better than the consensus analyst estimate of nil per share, as polled by FactSet.Net revenue jumped 41% to $29.84 million, a tad above the $29.8 million expected. Growth was driven by continued international demand and success with recent domestic sales launches, the company said.For its fiscal second-quarter, Decibel is guiding to net revenue of $33 million to $35 million, implying year-over-year growth of 14% to midpoint of range.It maintained its 2026 full year net revenue guidance of $130 million to $135 million.Decibel shares were last seen unchanged at $0.13 on the TSX Venture Exchange.

$DB.V$HMMJ.TO

Mining & Metals39d ago

NevGold Starts 20,000 Meter Drill Program At Antimony-Gold Limo Butte Project, Nevada

NevGold (NAU.V) started a 20,000-meter drill program at its antimony (Sb) and gold (Au) Limousine Butte Project in Nevada, it said Thursday.The drill program, it said, will be focused on Mineral Resource conversion and expansion, expanding mineralization around the 2025 discovery of the high-grade antimony-gold Bullet Zone and Armory Fault, and new project-wide discoveries utilizing the NevGold geological model of the project. NevGold will start with two Reverse Circulation (RC) drill rigs for the 20,000-meter program.The company said it will consider adding more drill rigs as the current program is established. NevGold will drill test the historical Nevada Antimony Mine and Lage Antimony Mine area."The 2025 program was a "step-change" in our understanding of the project geology, as we successfully intercepted significant antimony-gold mineralization in 100% of the holes that we drilled testing the "under the older thrusted upper dolomite" target," said NevGold chief executive Brandon Bonifacio. "This led to the important discoveries of the Bullet Zone and high-grade control Armory Fault, which will be a key focus of our upcoming drilling."The company also said it intends to settle accrued original issue discount on its convertible security with Mercer Street Global Opportunity Fund II, LP, in the amount of $555,208.33 in 227,544 common shares of the company, at $2.44 apiece. NevGold issued the convertible security in the principal amount of $3 million to Mercer on August 30, 2024, which was subsequently converted by Mercer into common shares of the company.Shares of the company were last seen down 1.6% at $2.42 on the TSX Venture Exchange.Price: $2.38, Change: $-0.08, Percent Change: -3.25%

$NAU.V

Mining & Metals39d ago

Latin Metals Posts High-Grade Gold, Silver Intercepts From Cerro Bayo Project

Latin Metals (LMS.V) reported initial results from the partner-funded Phase I drill program completed by Daura Gold at the Cerro Bayo project in Argentina, the company said Thursday.The program intersected multiple zones of gold and silver mineralization across several target areas, including high-grade intervals grading up to 8.83 grams per tonne gold and 739 g/t silver.The results confirm the presence of a large, fertile low-sulphidation epithermal system within the Deseado Massif, a major silver-gold district.Drilling intersected broad zones of silver mineralization beginning at surface in multiple holes, highlighting the scale and strength of the hydrothermal system at Cerro Bayo. The results suggest that Cerro Bayo could host a district-scale hydrothermal system.Daura is planning a Phase II drill program in the third quarter, expanding exploration across both Cerro Bayo and La Flora.Under the terms of an option agreement, Daura may earn up to a 75% interest in the project, or 80% with a top-up right, by completing staged exploration, including payments of US$1.7 million to Latin Metals, payments of US$400,000 to the underlying vendor, completion of exploration work commitments including 28,000 m of drilling, and the preparation of a technical report containing a mineral resource estimate.Price: $0.23, Change: $-0.01, Percent Change: -2.17%

$LMS.V

Mining & Metals39d ago

Max Power Mining Up Near 6% As Announces $25 Million Investment By Eric Sprott

Max Power Mining (MAXX.CN), up 5.6% on last look, has arranged a $25 million private placement of units with mining magnate Eric Sprott, the company said Thursday.The company will issue 12.5 million units at $2.00 apiece. Each unit will consist of one share and a two-year share purchase warrant to buy a share at $2.75. Sprott already holds more than 10% of Max Power's shares, a statement said.Chief executive Ran Narayanasamy said the $25 million investment accelerates and further de-risks its plan to become the first company in the world to make a large-scale commercial discovery of natural hydrogen, an emerging new primary energy source.The private placement is expected to close on May 28.Max Power shares were last seen up $0.12, to $2.22, on the Canadian Securities Exchange.Price: $2.23, Change: $+0.11, Percent Change: +5.19%

$MAXX.CN

Mining & Metals39d ago

North American Niobium And Critical Minerals Diamond Drilling Mobilizes At Bardy And Blanchette On June 1

North American Niobium and Critical Minerals (NIOB.CN) mobilized a diamond drill program at the second of three pegmatite projects in Quebec, Bardy and Blanchette, it said Thursday.At least 14 holes covering 4,450 metres are planned on the properties, where the goal is to intersect niobium and rare earth element bearing pegmatite systems, it said. Diamond drilling at the 100%-owned Bardy and Blanchette projects in Quebec's Mauricie region is scheduled to begin on or about June 1, 2026."The drill targets at Bardy and Blanchette were not chosen on geology alone; they sit where radon data, high-resolution magnetics, and surface mapping all line up," said NIOB chief executive Murray Nye. "We also continue to work closely with the Atikamekw community at Wemotaci as we advance into the field."Shares of the company were last seen down 2.4% at $0.8 on the Canadian Securities Exchange.Price: $0.79, Change: $-0.03, Percent Change: -3.66%

$NIOB.CN

Mining & Metals39d ago

InPlay Oil Receives TSX Approval For Normal Course Issuer Bid; Shares Up 3.3%

InPlay Oil (IPO.TO) announced that the Toronto Stock Exchange accepted its notice of intention to make a normal course issuer bid.Under the NCIB, the company may purchase for cancellation, from time to time, as it considers advisable, up to a maximum of around 1.79 million common shares, which represents 10% of the company's public float of around 17.93 million common shares as at May 14, 2026.The NCIB will begin on May 25, 2026 and will terminate on May 24, 2027 or such earlier time as the NCIB is completed or terminated at the option of InPlay.The company's shares were last seen up $0.58 at $18.02 on the Toronto Stock Exchange.Price: $18.06, Change: $+0.62, Percent Change: +3.56%

$IPO.TO

Mining & Metals39d ago

PMET Resources Starts 2026 Summer-Fall Drilling Campaign at Shaakichiuwaanaan Property

PMET Resources (PMET.TO) has commenced its 2026 summer-fall drilling campaign at the Shaakichiuwaanaan property in Quebec, the company said on Thursday.The exploration campaign comprises about 45,000 meters of drilling, while the Shaakichiuwaanaan Camp has reopened ahead of schedule, with critical restart activities completed and exploration teams remobilizing to site, it added.PMET noted drilling will focus on exploration, geotechnical, hydrogeological and geological data collection to support the company's ongoing exploration and development work streams.Exploration and resource development initiatives are expected to include step out and infill drilling at the CV13 Pegmatite and follow up drilling across the "highly prospective" CV5 - CV4 corridor, building on the strong 2025 results at CV4."The 2026 summer-fall drill campaign is designed to further test and expand known exploration targets, while supporting the next phase of technical de-risking at Shaakichiuwaanaan as we advance CV5 and CV13 towards production," said PMET Executive Vice President for Exploration Darren Smith.Shares in PMET are unchanged at $6.58 today.Price: $6.55, Change: $-0.03, Percent Change: -0.46%

$PMET.TO

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Mining & Metals39d ago

Parvis Invest Signs Binding LOI to Buy FavorPoint Capital To Expand Into the United States

$PVIS.V