TORONTO – Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,137.18 down 32.56 points):
Gran Colombia Gold Corp. (TSX:GCM). Mine explorer. Up half a cent, or 1.35 per cent, at 37.5 cents on 8,097,360 shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Oil and gas. Down 76 cents, or 2.70 per cent, at $27.43 on 5,684,036 shares. The Calgary-based company is increasing it 2013 capital spending by nearly eight per cent compared to this year as it eyes more oil and natural gas liquids growth. The company set a budget of $6.9 billion for next year, a nearly $500 million increase over what it expects to spend in 2012.
Kinross Gold Corp. (TSX:K). Miner. Unchanged at $9.81 on 5,055,071 shares. The gold sector dipped 0.03 per cent at 302.19 points as the price of the bullion plunged US$25.30 to $1,695.80 an ounce on the New York Mercantile Exchange.
Yamana Gold Inc. (TSX:YRI). Miner. Down 15 cents, or 0.82 per cent, at $18.11 on 4,158,040 shares.
Manulife Financial Corp. (TSX:MFC). Insurer. Up two cents, or 0.16 per cent, at $12.76 on 4,079,384 shares.
Research In Motion Ltd. (TSX:RIM). Wireless telecommunications. Down five cents, or 0.43 per cent, at $11.50 on 3,530,131 shares. The company has been actively trading for the last few weeks as analysts weigh in on the prospect of its new operating system and phone set to launch at the end of January.
TSX Venture Exchange (1,192.75 down 15.25 points):
Petroamerica Oil Corp. (TSXV:PTA). Oil and gas explorer. Up 2.5 cents, or 8.77 per cent, at 31 cents on 2,610,689 shares. The Calgary-based company’s stock jumped a day after providing an update on its Las Maracas-5 field production in Colombia.
Touchdown Resources Inc. (TSXV:TDW). Mineral explorer. Unchanged at half a cent on 2,566,000 shares.
Companies reporting major news:
Bank of Montreal (TSX:BMO). Bank. Up 34 cents, or 0.57 per cent, at $59.63 on 2,448,375 shares. The big bank beat analyst estimates when it reported fourth-quarter earnings of $1.08 billion or $1.59 per share before adjustments, a 41 per cent increase over the same period last year. Analysts had been expecting $1.37 per share of net income and $1.43 per share on an adjusted basis for the fourth quarter. Revenue totalled $4.18 billion, a jump from $3.82 billion and higher than the estimated $3.8 billion.
CAE Inc. (TSX:CAE). Flight simulator. Up two cents, or 0.20 per cent, at $9.82 on 368,238 shares. The Montreal-based company won a series of military contracts worth a total of $70 million, which includes developing two tactical operational flight trainers for the Royal Australian Navy, simulator services for the King Air 350 aircraft of the Australian Defence Force and C-130 aircraft training to the Royal New Zealand airforce.
Canadian Pacific Railway (TSX:CP). Railway. Up $1.65, or 1.81 per cent, at $93 on 583,941 shares. The Calgary-based company announced after markets closed that it will cut 4,500 jobs by 2016 through job reductions, attrition and fewer contractors as part of its restructuring plan. The company says it expects 1,700 positions to be eliminated by the end of the year. Earlier in the day, CP said it is seeking potential buyers for a U.S. line that stretches about 1,000 kilometres across several states in the U.S. Midwest.