The Latest Breaking News from TSX

RBC Capital analyst Paul Treiber lowered the price target for Softchoice Corp (TSX:SFTC) (OTC:SFTFC) to C$23 from C$27 while maintaining the Sector Perform rating on the shares, given reduced peer valuations. The analyst states that Softchoice reported Q1 below consensus/RBC, as certain onetime headwinds weighed on profitability and growth. Positively, Software & Cloud revenue was…

iA Financial Corporation Inc (TSX:IAG) (OTC:IAFNF) price target has been reduced to C$86 from C$96 by RBC Capital analyst Darko Mihelic to account for higher risk in the current environment. The analyst maintained the Outperform rating on the shares. Mihelic mentioned that analysts have significantly reduced the 2022 core EPS estimate following the quarter, but…

RBC Capital analyst Walter Spracklin lowered the price target for CCL Industries Inc (TSX:CCL) (OTC:CCDBF) to C$74 from C$80. The analyst maintained the Outperform rating on the shares. Spracklin states that 1Q22 results came in above expectations and (in contrast with last quarter) there was no cautionary language around near term trends. The company indicated…

Boat Rocker Media Inc (TSX: BRMI) price target has been lowered to C$9 from C$10 by RBC Capital analyst Drew McReynolds while maintaining the Outperform rating in the shares. 1Q22 results were below the analyst firm's forecast attributed entirely to timing given the inherent quarterly volatility of the business.

Galaxy Digital Holdings Ltd.(TSX:GLXY) (OTC:BRPHF) provided a preliminary quarter-to-date company update. Galaxy Digital has a liquidity position of ~C$1.6 billion, including C$800 million in cash and over C$800 million in net digital assets, with the majority of net digital assets in non-algorithmic stablecoins. Galaxy Digital said it maintains a healthy capital and liquidity…

Neo Performance Materials Inc (TSX:NEO) (OTC:NOPMF) reported first-quarter revenue growth of 27.1% year-over-year to $166.28 million. Adjusted EPS improved to $0.56 from $0.39 in 1Q21. Volumes saw a decline of 16.6% Y/Y, reflecting the recent spike in COVID-19 in Asia, several natural disasters that impacted production facilities and customers, and the ongoing…

Tree Island Steel Ltd. (TSX:TSL) (OTC:TWIRF) declared a regular quarterly dividend of C$0.03 per share and an additional C$0.02 per share as a special dividend on its the issued and outstanding common shares. Both the regular and special dividends are payable on July 15, 2022, to holders of record at the close of…

Endeavour Silver Corp (TSX:EDR) (NYSE:EXK) price target has been lowered to C$5.25 from C$6 by BMO Capital analyst Ryan Thompson. The analyst has a Market Perform rating on the shares. Related: Why Endeavour Silver Shares Are Surging Today Thompson mentions that the cash costs for the quarter were slightly above guidance due to increased labour, power,…

BMO Capital analyst John Gibson raised the price target for STEP Energy Services Ltd (TSX: STEP) (OTC: SNVVF) to C$7.50 from C$4.50 while maintaining the Outperform rating on the shares.

Boyd Group Services Inc (TSX:BYD) (OTC:BYDGF) price target has been lowered to C$165 from C$188 by BMO Capital analyst Jonathan Lamers. The analyst has a Market Perform rating on the shares. Lamers mentions that the Q1 Adjusted EBITDA margin was nearly the lowest, related to a range of industry-wide labor and parts supply challenges. He…

BMO Capital analyst John Gibson upgraded Total Energy Services Inc (TSX:TOT) (OTC:TOTZF) to Outperform from Market Perform and raised the price target to C$11 from C$10 post 1Q22 results. The analyst states that the company's inexpensive valuation (<3x 2023 EV/EBITDA) screens well relative to the coverage group. Combining this with his extremely strong outlook for…