TORONTO – Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,543.90 down 41.15 points):
Bombardier (TSX:BBD.B). Transportation equipment. Up 24 cents, or 5.67 per cent, at $4.47 on 25.76 million shares. The plane and train maker stock hit a new 52-week high after reporting that its revenues soared 25 per cent in the first-quarter, helped by higher-than-expected aircraft deliveries. Profits were up US$148 million from year-earlier U$155 million, with both per share figures equalled to eight cents.
Surge Energy Inc. (TSX:SGY). Oil and gas. Up 69 cents, or 18.80 per cent, at $4.36 on 18.55 million shares. The Calgary-based company said Paul Colborne will be its new president and CEO, effective immediately. It also announced the sale of non-core assets pegged at about US$42.75 million and a $2.5-million financing through private placement.
Kinross Gold Corp. (TSX:K). Miner. Up two cents, or 0.36 per cent, at $5.63 on 9.25 million shares.
Bankers Petroleum Ltd. (TSX:BNK). Up 33 cents, or 13.04 per cehnt, a $2.86 on 6.49 million shares. First-quarter profits nearly doubled to $14.2 million or six cents per share from year-earlier $7.77 million or three cents per share as revenue jumped close to 30 per cent. The Calgary-based company cited record production levels for the improvement.
BlackBerry (TSX:BB). Wireless communications. Up 59 cents, or 3.96 per cent, at $15.49 on 6.10 million shares.
Iamgold Corp. (TSX:IMG). Miner. Down 14 cents, or 2.32 per cent, at $5.89 on 4.95 million shares. The gold sector led the decliners on the main index, falling 1.37 per cent to 200.27 points as the price of bullion fell US$5.10 to $1,468.60 an ounce on the New York Mercantile Exchange.
Toronto Venture Exchange (969.73 up 0.41 point):
Canadian Overseas Petroleum Ltd. (TSXV:XOP). Oil and gas. Up 5.5 cents, or 28.21 per cent, at 25 cents on 2.39 million shares.
WesternZagros Resources Ltd. (TSXV:WZR). Oil and gas. Up a penny, or 0.91 per cent, at $1.11 on 2.21 million shares.
Companies reporting major news:
Agrium Inc. (TSX:AGU). Fertilizer. Up 61 cents, or 0.64 per cent, at $95.61 on one million shares. The fertilizer giant booked a nine per cent hike in its first-quarter profits despite a 10 per cent drop in sales revenue. Retail sales pulled the overall revenue lower due to colder weather and a more typical spring season compared with an early spring season in the same period last year.
BCE Inc. (TSX:BCE). Media and telecommunications. Down 27 cents, or 0.56 per cent, at $47.65 on 775,906 shares. Canada’s largest communications company booked a 6.6 per cent increase in first-quarter earning while revenue was almost unchanged. BCE said it will reduce costs by $170 million this year. That’s on top of $1.5 billion in cost reductions last year.
Canadian Tire Corp. Ltd. (TSX:CTC.A). Retailer. Up $8.32, or 11.24 per cent, at $82.36 on 2.51 million shares. The company is set to create a $3.5 billion real estate investment trust, with an initial public offering to be launched later this year. Canadian Tire also posted a 2.9 per cent hike in its first-quarter earnings, boosted by a 1.7 per cent jump in total revenue.