Mid-Cap

  • 12:33 PM

    TransGlobe Energy (NASDAQ:TGA) announced poorer than estimated fourth quarter CFPS of -$0.14 against consensus at -$0.05. The key reason of the miss was led by lower crude sales (mainly due to Egypt) and lower than estimated realized prices.  Analysts yet maintain “Sector Perform” rating on TransGlobe Energy with 1-year target price of C$3.25 per share.

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  • 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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  • 10:20 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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  • 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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  • 5:54 PM

    Before market opened on Wednesday; SEMAFO (TSE:SMF) released an revised NI 43-101 resource forecast for the recently acquired Natougou Au deposit in Burkina Faso. We reiterate our “Sector Outperform” rating on SEMAFO shares and our 12 months target price of C$5.50. Our risk assessment remains “Speculative”. The revised resource forecast includes an Indicated resource of

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  • 5:39 PM

    On Tuesday, after market closed, listening to the fourth quarter conference call and reviewing the recent technical document for Bell Creek, we rate Lake Shore Gold Corp. (TSE:LSG) as “Sector Perform” and have downgraded our target price to $1.35 per share. Minor net asset value changes; lower near-term CF. We have adj. unit cost estimates,

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