TORONTO – Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (14,308.00 down 127.58 points):
Osisko Mining Corp. (TSX:OSK). Miner. Up three cents, or 0.40 per cent, to $7.58 on 33 million shares. Goldcorp Inc. (TSX:G)(Miner. Down $1.00, or 3.59 per cent, to $26.84 on 4.7 million shares) increased its hostile takeover offer for Osisko Mining Corp. to $3.6 billion in stock and cash on Thursday in an attempt to topple a rival deal reached last week by Osisko. Goldcorp’s new bid for Osisko and its flagship Canadian Malartic gold mine in Quebec is up against a friendly offer involving Yamana Gold and two of Canada’s largest pension funds that valued Montreal-based Osisko at about $3.4 billion.
Alterra Power Corp. (TSX:AXY). Unchanged at 30 cents on 21.8 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down 16 cents, 1.67 per cent, to $9.44 on 7.3 million shares.
Petrobank Energy and Resources Ltd. (TSX:PBG). Oil and gas. Up three cents, or 7.69 per cent, to 42 cents on 6.6 million shares.
Crew Energy Inc. (TSX:CR). Oil and gas. Up $1.57, or 15.73 per cent, to $11.55 on 6.3 million shares.
Lundin Mining Corp. (TSX:LUN). Miner. Up two cents, or 0.38 per cent, to $5.29 on 6 million shares.
Toronto Venture Exchange (993.56 down 9.81 points):
Supreme Pharmaceuticals Inc. (TSXV:SL). Biotechnology. Up 0.5 cents, or 7.69 per cent, to seven cents on 8.4 million shares.
Spartan Energy Corp. (TSX:SPE). Oil and gas. Up 18 cents, or 4.93 per cent, to $3.83 on 6 million shares.
Companies reporting major news:
Cogeco Cable Inc. (TSX:CCA). Communication services. Up $2.80, or 4.83 per cent, to $60.80 on 236,868 shares. Despite fierce competition for TV customers, Cogeco Cable will keep its focus on service over price cuts to keep its customers, said CEO Louis Audet.The company, which operates in parts of Ontario and Quebec, prefers to compete by adjusting customers’ packages to their needs, Audet said Thursday, the day after Cogeco Cable and parent Company Cogeco Inc. reporter higher quarterly profits.
Corus Entertainment Inc. (TSX:CJR.B). Entertainment. Down one cent, or 0.04 per cent, to $23.98 on 249,304 shares. The company says its net income attributable to shareholders was $6.1 million in its second quarter or seven cents per share, compared with $5.9 million and seven cents EPS in the same quarter last year. Revenues were up 11 per cent to $191.4 million in the quarter from $172.6 million in the second quarter of 2013
National Bank of Canada (TSX:NA). Bank. Down 50 cents, or 1.09 per cent, to $45.23 on 764,436 shares. CEO Louis Vachon says Quebec’s new Liberal government must focus on restoring confidence and raising the province’s economic growth to the Canadian average. Vachon made the comments to shareholders at the Montreal-based bank’s first annual meeting held in Western Canada and the second to be held outside of Quebec.
Shaw Communications Inc. (TSX:SJR.B). Communication services. Up 14 cents, or 0.53 per cent, to $26.58 on 987,060 shares. The cable and media giant posted higher net income of $222 million in the second quarter, as it benefited from the sale of two French-language channels. The earnings, which amounted to 46 cents per share for the three month period ended Feb. 28, compared with net income of $182 million, or 38 cents per share, in the same quarter a year earlier.