TORONTO – Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (14,610.96, down 47.06 points):
B2Gold Corp. (TSX:BTO). Miner. Down six cents, or 2.17 per cent, to $2.71 on 7.5 million shares.
Bellatrix Exploration Ltd. (TSX:BXE). Oil and gas. Down 66 cents, or 6.46 per cent, to $9.55 on 7.2 million shares.
Eastern Platinum Ltd. (TSX:ELR). Miner. Down 0.5 cents, or 5.88 per cent, to eight cents on 5.3 million shares.
Ram Power, Corp. (TSX:RPG). Utilities. Down three cents, or 42.86 per cent, to four cents on 5.2 million shares.
Fortis Inc. (TSX:FTS.IR). Utilities. Down 26 cents, or 0.67 per cent, to $38.55 on 3.9 million shares.
CAE Inc. (TSX:CAE). Aerospace. Up five cents, or 0.34 per cent, to $14.89 on 2.9 million shares.
Toronto Venture Exchange (983.58, down 2.15 points):
Fancamp Exploration Ltd. (TSXV:FNC). Miner. Up 0.5 cents, or 9.09 per cent, to six cents on 10 million shares.
KWG Resources Inc. (TSXV:KWG). Miner. Down 0.5 cents, or 6.67 per cent, to seven cents on 3.5 million shares.
Companies reporting major news:
Bank of Montreal (TSX:BMO). Bank. Down 18 cents, or 0.23 per cent, to $76.62 on 3.2 million shares. The bank raised its dividend by two cents to 78 cents per share as it reported a quarterly profit of $1.1 billion, up 12 per cent from a year ago. Adjusted earnings per share were $1.63, up 13 per cent from the same quarter last year and 10 cents ahead of estimates.
National Bank (TSX:NA). Bank. Down $1.17, or 2.49 per cent, to $45.86 on 3.1 million shares. The bank, reporting after markets closed Tuesday, posted a second-quarter profit of $362 million, down 13 per cent from a year ago. Adjusted earnings were $1.05 a share, a penny higher than analyst estimates, and it raised its dividend four per cent. However revenue of $1.28 billion missed expectations for $1.34 billion.
Transcontinental Inc. (TSX:TCL.A). Publishing. Down six cents, or 0.40 per cent, to $14.99 on 175,662 shares. Canada’s competition regulator will approve a deal for the printing company to acquire 74 weekly newspapers in Quebec from Sun Media Corp. if the company tries to sell 34 newspapers. The Competition Bureau said the condition will help preserve advertising competition in the small Quebec communities where these publications and their websites are located.
Valeant Pharmaceuticals (TSX:VRX). Drug Manufacturer. Down $2.93, or 2.14 per cent, to $138.11 on 991,527 shares. The company upped the cash portion of its hostile takeover offer for Botox maker Allergan by $10 to US$58.30 a share. The stock portion of the offer remains the same at 0.83 of a Valeant share, valuing the proposal at $162.86 per share or almost $50 billion in total. Meanwhile, Nestle says it is paying $1.4 billion in cash to Valeant for the rights to sell lip and wrinkle treatment Restylane and other skin products in the U.S. and Canada.