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HISTORICAL FACTS: 5 - The Untold Story

Dream Residential REIT Completes $125M IPO, Intends To Make First Distribution In June

Dream Residential Real Estate Investment Trust (TSX:DRR) completed its initial public offering of 9.62 million units of the REIT at $13.00 per unit. The offering resulted in gross proceeds of $125.06 million and began trading on the Toronto Stock Exchange in U.S. dollars today under the symbol "DRR.U." The REIT indirectly acquired an…

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Why Real Matters Shares Are Trading Lower Today

Toronto Stock Exchange approved an amendment to Real Matters Inc (TSX:REAL) (OTC:RLLMF) current Normal Course Issuer Bid (NCIB) to increase the number of common shares from 6 million common shares to 7.6 million common shares that the company may purchase for cancellation. No other terms of the NCIB have changed. Real Matters believes that…

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What's Going On With TMX Group's Shares Today

TMX Group (TSX:X) (OTC:TMXXF) welcomed six new issuers to Toronto Stock Exchange (TSX) and 15 new issuers to TSX Venture Exchange (TSXV) in April 2022. TSX listed 6 new issuers in April 2022, compared with 11 in March 2022 and 18 in April 2021. Total financings raised in April 2022 in TSX decreased…

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What's Going On With AutoCanada Shares Today

AutoCanada Inc. (TSX:ACQ) (OTC:AOCIF) was downgraded to Sector Perform from Outperform, and the price target was lowered to C$37 from C$52 by National Bank analyst Maxim Sytchev. The analyst believes that AutoCanada's management continues to execute well, but the shares will have a challenge recapturing the prior highs amid higher inflation. Recently, Canaccord analyst Luke Hannan has…

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What's Going On With Telesat Shares Today

Telesat Corp (TSX:TSAT) (NASDAQ:TSAT) reported first-quarter revenue of C$185.77 million, a decline of 2.5% year-over-year. The revenue decrease was due to a reduction of service for one of Telesat's North American direct-to-home customers, termination and reductions on contract renewal of certain services, and a decline in equipment sales to Canadian government customers.…

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Resolute Forest Products Q1 Earnings Miss Estimates

Resolute Forest Products (NYSE:RFP) (TSX:RFP) reported first-quarter FY22 sales growth of 8.3% year-on-year to $945 million, missing the consensus of $1.27 billion. Adjusted EPS of $2.26 missed the analyst consensus of $2.48. Selling, general and administrative expenses fell 21.7% Y/Y to $36 million. The operating margin was 24.8%, and operating income for the…

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What's Going On With SNC-Lavalin Shares Today

SNC-Lavalin Group Inc (TSX:SNC) (OTC:SNCAF) reported first-quarter revenue growth of 3.8% year-over-year to C$1.89 billion (+4% Y/Y). Adjusted EPS declined to C$0.25 from C$0.51 for the quarter. SNCL Services revenue totaled C$1.66 billion (+6.8% Y/Y) and +8.4% Y/Y on an organic basis. The increase was driven by organic revenue growth of 10% in…

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Here's How BCE Fared In Q1

BCE, Inc (NYSE:BCE) reported first-quarter FY22 operating revenue growth of 2.5% year-on-year to C$5.85 billion. The company attributed the performance to a 4.2% increase in service revenue to C$5.18 billion, reflecting robust wireless, residential Internet, and media growth. Product revenue decreased 8.8% Y/Y to C$673 million due to fewer mobile device transactions and…

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What's Going On With Avcorp Industries Shares Today

Avcorp Industries Inc. (TSX:AVP) (OTC:AVPFF) has entered into a definitive arrangement agreement to be acquired by Latécoère S.A. for C$0.11/share in cash. The deal price represents a 16% premium to the closing price of C$0.095 on May 4, 2022, and a 28% premium to the weighted average trading price for the 60 trading…

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Why Home Capital Shares Traded Lower Today

Home Capital Group Inc (TSX:HCG) (OTC:HMCBF) reported first-quarter EPS of C$1.02, compared with C$1.24 in 1Q21. The net interest margin was 2.18%, compared with 2.46% in 4Q21 and 2.61% in 1Q21. Non-interest expenses were C$65 million versus C$61.7 million in 4Q21 and C$64.1 million in 1Q21. Home Capital' Mortgage originations were C$2.76…

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Why Paramount Resources Shares Are Surging Today

Paramount Resources Ltd (TSX:POU) (OTC:PRMRF) first-quarter sales volumes averaged 82,137 Boe/d (45% liquids), in-line with expectations. The company‘s cash from operating activities was C$175 million (C$1.25 per basic share) in the quarter. Adjusted funds flow was C$238 million (C$1.70 per basic share), and Free cash flow was C$103 million (C$0.74 per basic…

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Why Topaz Energy Shares Are Rising Today

RBC Capital analyst Luke Davis raised the price target of Topaz Energy Corp (TSX:TPZ) (OTC:TPZEF) to C$28 from C$27.50 while maintaining the Outperform rating on the shares. The analyst states that Topaz posted solid Q1/22 results underscored by meaningful free cash generation alongside increased guidance following the Keystone Royalty acquisition. Davis mentions that the management…

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What's Going On With Gibson Energy Shares Today

RBC Capital analyst Robert Kwan raised the price target for Gibson Energy Inc. (TSX:GEI) (OTC:GBNXF) to C$28 from C$27 with an Outperform rating on the shares. Kwan stated that Gibson Energy's shares continue to offer an attractive dividend yield (almost 6%) that is conservatively underpinned by cash flow (68% trailing DCF payout ratio), with confirmed…

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Why MEG Energy Shares Are Trading Higher Today

MEG Energy Corp (TSX:MEG) (OTC:MEGEF) price target has been raised to C$22 from C$21 by RBC Capital analyst Greg Pardy. The analyst maintained his Outperform rating on the shares. The analyst stated that the bullish stance towards MEG Energy reflects its capable leadership team, top-quartile oil sands operations at Christina Lake, balance sheet deleveraging, and…

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What's Going On With Athabasca Oil Shares Today

RBC Capital analyst Luke Davis raised the price target for Athabasca Oil Corp (TSX:ATH) (OTC:ATHOF) to C$3.25 from C$2.50 while maintaining the Sector Performs rating on the shares. The analyst removed the Speculative Risk qualifier. The analyst states that Athabasca’s positioning continues to improve, with steady operational performance setting the stage for a strategic shift…

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Amerigo Resources Clocks 42% Profit Growth In Q1

Amerigo Resources LTD (TSX:ARG) (OTC:ARREF) reported a first-quarter net income of $15.5 million, an increase of 42.4% year-over-year, and EPS of $0.09 (C$0.11). Revenue for the quarter was $53.8 million, an increase of 10% Y/Y, including copper tolling revenue of $50.4 million and molybdenum revenue of $3.4 million. EBITDA of $26.4 million (+13.3%…

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Brookfield Infrastructure Clocks 27% Top-Line Growth In Q1; Plans Stock Split

Brookfield Infrastructure Partners L.P (TSX:BIP) (NYSE:BIP) reported a first-quarter FFO per unit of $0.96, an improvement from $0.93 a year ago. Brookfield Infrastructure reported a net income of $70 million for the quarter, compared to $190 million in the prior year. FFO for the quarter totaled $493 million, increasing 14% from the…

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Sandstorm Gold Agrees To Acquire Nomad Royalty For C$755M

Sandstorm Gold Ltd. (TSX:SSL) (NYSE:SAND) has agreed to acquire Nomad Royalty Company Ltd's (TSX:NSR) (NYSE:NSR) issued and outstanding shares in an all-share transaction valued at C$755 million. The consideration implies a value of ~C$11.57 per Nomad share based on the closing price of the Sandstorm shares on TSX on April 29, 2022, and represents…

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What's Going On With Baytex Energy Shares Today

RBC Capital analyst Greg Pardy raised the price target for Baytex Energy Corp (TSX:BTE) (OTC:BTEGF) to C$7 from C$6 while maintaining the Sector Perform rating on the shares. Pardy notes Baytex is off to a nice start in 2022 amid ongoing debt reduction and impressive drilling results in its emerging Clearwater oil play. The analyst…

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What's Going On With Pason Systems Shares Today

Pason Systems Inc. (TSX:PSI) (OTC:PSYTF) price target has been raised to C$23 from C$22 by RBC Capital analyst Keith Mackey while maintaining the Outperform rating on the shares. The analyst mentioned that Pason reported strong 1Q22 results, highlighting growth in revenue per industry day and EBITDA margins. Mackey stated that global drilling activity remains strong,…

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What's Going On With Fairfax Financial Shares Today

RBC Capital analyst Mark A. Dwelle raised the price target for Fairfax Financial Holdings (TSX:FFH) (OTC:FRFHF) to $750 from $675. The analyst kept Outperform rating for the shares. Dwelle stated that the hard market is still driving strong top-line growth and improved underwriting margins, and management did a great job of protecting book value as…

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RBC Capital, BMO Boost Toromont Industries Price Target

Toromont Industries Ltd (TSX:TIH) (OTC:TMTNF) price target has been raised to C$130 from C$126 by BMO Capital analyst Devin Dodge with an Outperform rating for the shares. Dodge stated that the demand backdrop remains very favorable for Toromont, and they expect activity levels in TIH's territories to gain momentum through 2022. Supply chain challenges tempers…

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Why Baytex Energy Shares Are Trading Lower Today

BMO Capital analyst Ray Kwan raised the price target for Baytex Energy Corp (TSX:BTE) (OTC:BTEGF) to C$8.50 from C$8 while maintaining the Market Perform rating on the shares. The analyst mentions that while the quarter was in line, the Clearwater at Peavine continues to deliver exceptional results, with recent wells having initial rates as high…

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BMO Capital Boosts Advantage Energy Price Target By 17%

Advantage Energy Ltd (TSX: AAV) (OTC: AAVVF) price target has been raised to C$14 from C$12 by BMO Capital analyst Mike Murphy.

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RBC Capital Bumps Up Atco' Price Target By 4%

RBC Capital analyst Maurice Choy raised the price target for Atco Ltd (TSX: ACO.X) (OTC: ACLLF) to C$49 from C$47 with a Sector Perform rating on the shares.

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