The Latest Breaking News from TSX

BMO Capital Upgrades This Energy Services Company - Read Why

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…

Benzinga · May 12, 2022

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…

Benzinga · May 12, 2022

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…

Benzinga · May 12, 2022

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…

Benzinga · May 11, 2022

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…

Benzinga · May 11, 2022

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.

Benzinga · May 11, 2022

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…

Benzinga · May 11, 2022

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…

Benzinga · May 11, 2022

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…

Benzinga · May 11, 2022

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…

Benzinga · May 11, 2022