TORONTO – Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (14,446.52 up 142.60 points):
Osisko Mining Corp. (TSX:OSK). Miner. Up 51 cents, or 6.86 per cent, to $7.94 on 38.9 million shares. The gold miner has accepted a friendly takeover bid by Yamana Gold Inc. (TSX:YRI) and Agnico Eagle Mines Ltd. (TSX:AEM) valued at $3.9 billion. Yamana shares were down 35 cents, or 3.81 per cent, to $8.82 on 7.2 million shares, while Agnico Eagle stock was down $2.74, or 8.19 per cent, to $30.71 on 3.5 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace. Down three cents, or 0.73 per cent, to $4.07 on 7.3 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down 35 cents, or 3.81 per cent, to $8.83 on 7.2 million shares.
Fortis Inc. (TSX:FTS.IR). Utilities. Down three cents, or 0.08 per cent, to $35.95 on 4.2 million shares.
Connacher Oil and Gas Ltd. (TSX:CLL). Oil and gas. Up 4.5 cents, or 16.36 per cent, to 32 cents on 4.2 million shares.
Precision Drilling Corp. (TSXPD). Oil and gas. Up 84 cents, or 6.50 per cent, to $13.76 on 3.9 million shares.
Toronto Venture Exchange (997.97 up 5.87 points):
Spartan Energy Corp. (TSXV:SPE). Oil and gas. Up 25 cents, or 6.28 per cent to $4.23 on 9.1 million shares.
Yangarra Resources Ltd. (TSXV:YGR). Oil and gas. Up nine cents, or 9.68 per cent, to $1.02 on 7.5 million shares.
Companies reporting major news:
Metro Inc. (TSX:MRU). Retail. Up $1.58, or 2.46 per cent, to $65.86 on 882,772 shares. The Montreal-based supermarket chain posted adjusted earnings of $1.07 per share, five cents higher than analysts had expected. Overall sales were up 1.7 per cent year over year, rising to $2.55 billion from $2.51 billion as sales benefited from a 0.25 per cent increase in prices, the first in a year.
Sherritt International Corp. (TSX:S). Miner. Up five cents, or 1.06 per cent, to $4.78 on 1.9 million shares. The company is facing criticism from a new source — Takota Asset Management Inc., a private investment firm that counts the mining company among its largest holdings. Takota said it will vote in favour of three directors proposed by a group of dissident shareholders led by Halifax-based activist investment firm Clarke Inc. (TSX:CKI) and withhold its votes for three of the Sherritt nominees — Peter Gillin, Edythe Marcoux, and Bernard Michel.