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FOUND: 4 - What They Never Told You

What's Going On With Manulife Financial Shares Today

BMO Capital analyst Tom MacKinnon downgraded Manulife Financial Corp (TSX:MFC) (NYSE:MFC) to Market Perform from Outperform, citing weak 1Q22 results and disappointing IFRS17 disclosure. The analyst also lowered the price target to C$27 from C$37. MacKinnon states that while MFC points to perhaps a larger than expected 20% decline in BVPS/10% decline in core…

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RBC Capital Cuts Stella-Jones Price Target By 7%

Stella-Jones Inc (TSX:SJ) (OTC:STLJF) price target has been lowered to C$40 from C$43 by RBC Capital analyst Walter Spracklin. The analyst maintained the Sector Perform rating on the shares. Spracklin stated that SJ started the year strong, with Q1 results ahead of expectations and a better than expected top-line across all segments. However, the company…

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RBC Capital Ticks Up Imperial Oil Price Target By 1.5%

Imperial Oil Ltd (TSX:IMO) (NYSE:IMO) price target has been raised to C$66 from C$65 by RBC Capital analyst Greg Pardy while maintaining the Outperform rating on the shares. The analyst states that the bullish stance toward Imperial Oil reflects its capable leadership team, favorable long-term operating outlook, strong balance sheet, and commitment to shareholder returns.…

Benzinga

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RBC Capital Cuts Equitable Group Price Target By ~6%

RBC Capital analyst Geoffrey Kwan lowered the price target for Equitable Group Inc. (TSX: EQB) (OTC: EQGPF) to C$80 from C$85. The analyst maintained the Outperform rating on the shares.

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Tilray's Good Supply Brand Expands High-Potency Cannabis Portfolio, Here Are The Details

Tilray Brands, Inc. (Nasdaq: TLRY) (TSX:TLRY) is expanding Good Supply's cannabis portfolio with the launch of new high-potency products including liquid wax vapes and exclusive new

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RBC Capital Cuts Hudbay Minerals Price Target By 14%

RBC Capital analyst Sam Crittenden lowered the price target for HudBay Minerals Inc (TSX:HBM) (NYSE:HBM) to C$12 from C$14. The analyst maintained the Outperform rating on the shares. Crittenden stated that, despite what should be the year's weakest quarter, he continues to expect strong FCF and production growth from Hudbay in 2022. The analyst believes…

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What's Going On With Keyera Shares Today

Keyera Corp (TSX:KEY) (OTC:KEYUF) price target was raised to C$37 from C$35 by RBC Capital analyst Robert Kwan. The risk-adjusted expected total return to price target supports Outperform rating for the shares. With the recent Investor Day in March, the analyst viewed most of the quarterly updates as incremental, although noted the increase in guidance…

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RBC Capital Bumps Up Suncor Energy Price Target By 12%

RBC Capital analyst Greg Pardy raised the price target for Suncor Energy Inc. (TSX:SU) (NYSE:SU) to C$47 from C$42 while maintaining the Sector Perform rating on the shares. The analyst states that Suncor’s Q1 results were solid while its conference call was uneventful. Pardy mentions that Suncor’s operating performance path will determine its relative market…

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RBC Capital Cuts dentalcorp Price Target By 10%

dentalcorp Holdings Ltd (TSX: DNTL) price target has been lowered to C$18 from C$20 by RBC Capital analyst Douglas Miehm. The analyst has an Outperform rating on the shares.

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EQ Bank Raises Interest Rate On US Dollar Accounts By 25bps

EQ Bank, powered by Equitable Bank, Canada's Challenger Bank, increased its USD account interest rate by 25 bps to 1.25%. The new rate is now in effect. Equitable Bank is a subsidiary of Equitable Group Inc. (TSX:EQB) (OTC:EQGPF). "When we launched US dollar accounts, we wanted to give our customers a far better alternative…

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i3 Energy Hikes Dividend By 25%

i3 Energy PLC (TSX:ITE) (OTC:ITEEF) increased the minimum dividend to be paid in 2022 by 25%, from £11.827 million to £14.784 million, to be implemented by increasing the monthly dividend. The company stated that the increase reflects the solid performance of its production assets, positive results from the initial phase of its…

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Why Endeavour Silver Shares Are Surging Today

Endeavour Silver Corp (TSX:EDR) (NYSE:EXK) reported a first-quarter revenue increase of 67% year-over-year to $57.7 million, beating the consensus of $52.76 million. Silver oz sold increased by 176% due to both increased silver production and the sale of the larger finished goods inventory held at December-end. Adjusted EPS was $0.07, above the…

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Why Exro Technologies Shares Are Trading Higher Today

ev Transportation Services (evTS) signed an agreement with Exro Technologies Inc.(TSX:EXRO) (OTC:EXROF) to purchase 1,000 units of its 100V Coil Drive System beginning in 2023. Financial terms not disclosed. This order follows months of collaboration under NDA between the parties to demonstrate the improvement and optimization of FireFly powertrain performance enabled by Exro's…

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Cargojet Names Scott Calver As Finance Chief

Cargojet Inc (TSX:CJT) (OTC:CGJTF) announced the appointment of Scott Calver as its new Chief Financial Officer. Calver most recently served as the CFO of Trimac Transportation. Before Trimac, Calver served as Vice President, Finance for ICS Courier from 2004 to 2008. Cargojet provides air cargo services to all major cities across North…

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TELUS Partners With Taoglas To Provide Smart Waste Solutions Across Canada

Taoglas Waste Technologies entered a strategic collaboration with TELUS Corp (TSX:T) (NYSE:TU) regarding smart waste management solutions and services. The collaboration will combine TELUS Smart City solutions with the Taoglas Waste Insights software platform, allowing cities to enhance the operation of waste management systems. "We are pleased to team up with Taoglas Waste Technologies…

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RBC Capital Bumps Up George Weston Price Target By ~8%

RBC Capital analyst Irene Nattel raised the price target for George Weston Ltd (TSX:WN) (OTC:WNGRF) to C$179 from C$165 with an Outperform rating on the shares. The analyst updated the model and valuation to reflect the actual Q1 share buyback at George Weston along with Q1 results. Nattel says that the constructive outlook on George Weston…

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NFI Subsidiary New Flyer Of America Reveals Receipt Of New Contracts

NFI Group Inc (TSX:NFI) (OTC:NFYEF) subsidiary New Flyer of America Inc. has received a new contract from the Dallas Fort Worth International Airport for four battery-electric, zero-emission Xcelsior CHARGE NG forty-foot heavy-duty transit buses. Financial terms were not disclosed. DFW is the second busiest airport globally, connecting 62.5 million customers to 267 international…

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Innergex To Bring 425 Megawatt-Hours Of Battery Storage To Chile

Innergex Renewable Energy Inc (TSX:INE) has awarded Mitsubishi Power an order for two utility-scale battery energy storage system (BESS) projects for its Emerald storage solution totaling 425 megawatt-hours in the Atacama desert of Northern Chile. Mitsubishi Power is a power solutions brand of Mitsubishi Heavy Industries, Ltd. (OTC:MHVYF). These projects will be colocated with existing…

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Converge Unveils New Services Product For IBM Guardium Insights

Converge Technology Solutions Corp (TSX:CTS) (OTCQX:CTSDF) launched a new services product for International Business Machines Corp (NYSE:IBM) IBM Guardium Insights. Converge Enterprise Cloud for IBM Guardium Insights (CECIGI) is a cloud-agnostic, hosted, and managed solution for data security and compliance. The new offering is featured and available in the IBM product catalog. CECIGI allows clients…

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Ag Growth Expands Its Credit Facility

Ag Growth International Inc (TSX:AFN) (OTC:AGGZF) increased its revolving credit facilities by ~C$150 million. The Series B and C Notes, with a principal amount owing of ~C$57 million, will be concurrently retired through the expanded credit facilities. Ag Growth's revolving credit facilities now total ~C$694 million. "While we will continue to carefully…

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What's Going On With CGX, Frontera Energy Shares Today

CGX Energy Inc. (TSXV:OYL) (OTC:CGXEF) and Frontera Energy Corp (TSX:FEC) (OTC:FECCF) have successfully discovered light oil in the Santonian and Coniacian and gas condensate in the Maastrichtian and Campanian at the Kawa-1 exploration well, offshore Guyana. The JV encountered hydrocarbons in multiple zones extending from 4,638 metres in the Maastrichtian to 6,568 metres in the…

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What's Going On With Cargojet Shares Today

Cargojet Inc (TSX: CJT) (OTC: CGJTF) declared a cash dividend of C$0.2860 per common voting share and variable voting share for the period from April 1, 2022, to June 30, 2022, representing an increase of 10.0% from the previous quarter.

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What's Going On With Ballard Power Systems Shares Today

Ballard Power Systems Inc (NASDAQ:BLDP) (TSX:BLDP) reported first-quarter revenue of $21 million, an increase of 19% year-over-year, driven by growth in Power Product sales, more than offsetting the decline in Technology Solutions revenue. EPS loss widened to $(0.14) compared to $(0.06) in 1Q21. The gross loss was $(0.2) million, compared to a $2.6…

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What's Going On With Chorus Aviation Shares Today

Chorus Aviation Inc (TSX:CHR) (OTC:CHRRF) price target was raised to C$5 from C$4.75 by RBC Capital analyst Walter Spracklin. The analyst maintained the Outperform rating on the shares. Spracklin says, while Q1 was mixed, management provided solid new guidance on the back of the Falko acquisition. The analyst adds that the acquisition created the "world's…

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Why Points.com Shares Are Soaring Today

Points.com Inc (NASDAQ:PCOM) (TSX:PTS) entered into an arrangement agreement with Plusgrade Parent L.P. to be acquired for $25 per common share in cash (equivalent to C$32.21). The transaction values Points at ~$385 million on an equity value basis. The consideration represents a 45% premium to Points' closing price on the TSX on May…

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