TORONTO – Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (14,555.97 up 62.29 points):
Osisko Mining Corp. (TSX:OSK). Miner. Unchanged at $7.73 on 10.4 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace. Up two cents, or 0.50 per cent, to $4.03 on eight million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up one cent, or 0.12 per cent, to $8.554 on 6.2 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up 14 cents, or 4.73 per cent, to $3.10 on 5.7 million shares.
Manulife Financial Corp. (TSX:MFC). Insurance. Up 25 cents, or 1.22 per cent, to $20.78 on 3.5 million shares.
Torex Gold Resources Inc. (TSX:TXG). Miner. Unchanged at $1.17 on 3.3 million shares.
Toronto Venture Exchange (1,004.88 up 7.67 points):
Malbex Resources Inc. (TSXV:MBG). Miner. Up one cent, or 33.33 per cent, to four cents on 9.3 million shares.
POET Technologies Inc. (TSXV:PTK). Semiconductors. Up 43 cents, or 21.39 per cent, to $2.44 on 5.9 million shares.
Companies reporting major news:
Canadian National Railways (TSX:CNR). Railway. Up 59 cents, or 0.94 per cent, to $63.57 on 1.3 million shares. After markerts closed, Canada’s largest railway posted adjusted net income of 66 cents a share, three cents better than estimates. Revenues grew nine per cent to $2.69 billion, beating estimates of $2.64 billion.
Canadian Pacific Railway Ltd. (TSX:CP). Transportation. Up $8.63, or 5.26 per cent, to $172.62 on 525,430 shares. The company posted higher first-quarter profits that beat market expectations, despite having to cope with a particularly harsh winter. Net income for the first three months of the year was $254 million, up 17 per cent from $217 million in the same 2013 quarter.
Rogers Communications Inc. (TSX:RCI.B). Communication services. Down $1.50, or 3.39 per cent, to $42.78 on 1.5 million shares. After markets closed Monday, the telecom reported that quarterly net income dropped 13 per cent to $307 million or 57 cents per share. On an adjusted basis, the results missed analyst expectations, coming in at 66 cents per share, four cents below the average estimate.
Teck Resources Ltd. (TSX:TCK.B). Miner. Up 57 cents, or 2.37 per cent, at $24.58 on 1.47 million shares. Teck stock was up despite the company having reported adjusted profit of $105 million or 18 cents a share, down from $328 million or 56 cents per share in the same 2013 period and below the 24 cents per share that had been forecast by analysts. Teck, which also missed on revenue, said it plans to eliminate 600 positions, delay the restart of a B.C. coal mine and cut spending by five per cent.
Valeant Pharmaceuticals International Ltd. (TX:VRX). Speciality pharmaceuticals. Up $10.62, or 7.65 per cent, at $149.38 on 1.1 million shares. Valeant has teamed with Bill Ackman’s Pershing Square Capital Management in a cash and stock bid worth about US$48 billion for Botox maker Allergan based on Valeant’s closing price of US$135.41 in New York.