• 1:11 PM

    August 12, 2016: Algonquin Power & Utilities Corp. (AQN) announced another solid quarter early in morning, before market opened. Algonquin reported what consensus anticipated being a solid Q2 2016. The adjusted EPS of $0.10 remained marginally ahead of $0.09 street estimate as its core utilities performed far better than expected, which was partially offset by

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  • 10:04 PM

    On this Tuesday, Oracle reported better-than-expected fiscal third quarter earnings, but fell short of revenue projections. The firm delivered non-GAAP third quarter earnings of 64 cents a share on revenue of $9 billion. Net income for the quarter remained $2.14 billion (50 cents a share). Larry Ellison, Oracle executive chairman and CTO said “In absolute

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  • 5:39 AM

    Thompson Creek Metals Company Inc. (NYSE:TC) released satisfactory second quarter operating results for its Mt. Milligan copper-gold mine during market trading hours. The ramp-up at Mt Milligan made material progress in the quarter (second quarter is the seventh full quarter of operation), as the mine produced (on a payable basis) 20.2 million lbs of copper

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  • 10:20 AM

    Recently the management team of Ag Growth International Inc. (TSE:AFN) visited Toronto to meet with institutional investors. We summarize the key discussion points. Westeel acquisition integration is progressing well. Company remains confident that it will realize its forecasted $5 million of near-term EBITDA synergies (roughly split 50/50 between revenue and cost synergies). In June 2015,

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  • 7:17 AM

    Before market opened on Thursday, Silver Standard Resources Inc.(NASDAQ:SSRI) posted extraordinary second quarter production results and increased 2015 guidance. Silver Standard has made it again. First quarter production exceeded expectations, and now second quarter has crushed our estimates. At Marigold, gold production of 48.7 thousand ounces beat our estimate by 29%. Silver production also impressed,

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  • 8:10 AM

    Pacific Rubiales Energy Corp (TSE:PRE) disclosed the termination of the proposed takeover offer from Alfa, S.A.B. de C.V. and Harbour Energy that will leave the firm to continue pushing forward in a challenging environment. With the deal falling through and with company’ high debt levels / limited growth visibility, we expect the stock will suffer

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  • 7:08 AM

    Following approval of the Environmental Impact Assessment (EIA) for its 70%-owned Santo Domingo project obtained on the plans outlined in the 2014 Feasibility Study (FS), Capstone Mining Corp. (TSE:CS) is continuing to evaluate the project within the stage-gate approach re-scoped given market conditions. As the original plan for SD prioritized copper recovery over iron, we

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  • 6:04 PM

    After market closed, MTY Food Group (TSE:MTY) posted second quarter Revenues of $38.4 million, EBITDA of $13.4 million and EPS of $0.44 versus our estimates of $35.5 million, $10.9 million and $0.33 versus consensus of $34.3 million, $12.0 million and $0.37 respectively. The solid earnings were largely the result of higher than anticipated ($1.5 million)

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  • 6:02 PM

    For Horizon North Logistics (TSE:HNL), we are off restriction following the completion of its $80.6 million bought deal, which includes 15% overallotment option at $3.75 per share. We are reiterating our 12 months price target of $4.00 and maintain “Sector Outperform” rating as of now. We see company financing in expectation of LNG opportunities. Following

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