The Latest Breaking News from TSX

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…

Benzinga · May 9, 2022

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…

Benzinga · May 6, 2022

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…

Benzinga · May 6, 2022

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…

Benzinga · May 5, 2022

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…

Benzinga · May 5, 2022

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…

Benzinga · May 5, 2022

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…

Benzinga · May 4, 2022

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…

Benzinga · May 4, 2022

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…

Benzinga · May 4, 2022

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…

Benzinga · May 4, 2022