Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Guyana Goldfields Inc. (GUY-T) announced that its board of directors has “unanimously” rejected a takeover proposal by Gran Colombia Gold Corp. (GCM-T). It said the board reaffirms its “unanimous support” for a transaction it previously entered into with Silvercorp Metals Inc. (SVM-T; SVM-N).
"The board has determined that the Gran Colombia Proposal is not in the best interests of the company or its shareholders," the company stated in a release.
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Sienna Senior Living Inc. (SIA-T) said its first-quarter revenue increased by 1.7 per cent to $166.4-million versus the year-earlier period. Its net loss was $2.5-million, or 4 cents per share, versus a profit of $442,000, or a penny per share, a year earlier.
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BTB Real Estate Investment Trust (BTB.UN-T) reported first-quarter rental income was $23.9-million, up from $21.6-million a year earlier.
The trust reported a net loss of $5.6-million, or 8.9 cents per unit, versus a profit of $1.4-million, or 2.5 cents a year, earlier. Adjusted funds flow came in at $5.5-million versus $4.6-million a year earlier.
The trust also cut its annual distribution from 42 cents to 30 cents, citing the impact from COVID-19.
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Jamieson Wellness Inc. (JWEL-T) reported first-quarter revenue increased by 16.5 per cent to $84.5-million, which was in line with expectations and compared to $72.6-million in the first quarter of 2019.
Net income was $8-million or 20 cents per share, which was in line with expectations and compared to $5.4-million or 14 cents per share a year ago. Adjusted EPS was 19 cents up from 16 cents a year earlier.
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Martinrea International Inc. (MRE-T) reported total sales of $872.7-million in the first quarter, down 14.7 per cent from a year earlier.
Net income was $29-million or 36 cents per share down from $55.3-million or 66 cents a year ago.
Analysts were expecting revenue of $898.1-million and earnings of 36 cents.
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Birchcliff Energy Ltd. (BIR-T) reported first-quarter revenue of $123.3-million, up from $178.4-million. Analysts were expecting revenue of $141.6-million.
Adjusted funds flow was $36.9-million, or 14 cents per share, down from $116.6-million, or 44 cents, a year ago.
The company recorded a net loss of $45.2-million, or 17 cents per share, compared to net income of $15.8-million or 6 cents per share.
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Turquoise Hill Resources Ltd. (TRQ-T) reported revenue of $US130.7-million, down from US$352.7-million a year ago. Analysts were expecting revenue of US183.8-million.
Income for the period was $19-million, compared with income of $105.2-million.
Income attributable to shareholders was US$55.4-million, or 3 cents, versus $111.2-million, or 6 cents a year ago
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American Hotel Income Properties REIT LP (HOT.UN-T) reported revenues of $61.9-million in the first quarter, down from $80.5-million a year earlier, a drop it said was “due to COVID-19 impacts in March 2020.”
Its loss was $12.6-million, or 16 cents per unit, compared to a loss of $500,000, or a penny per share, a year earlier.
Funds from operations came in at $4.7-million, or 6 cents, down from $11.4-million, or 15 cents, a year ago. Analysts were expecting FFO of 6 cents per share.
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Pizza Pizza Royalty Corp. (PZA-T) which indirectly owns the Pizza Pizza and Pizza 73 Rights and Marks, reported system sales from the 749 restaurants in the royalty pool decreased 6.1 per cent to $125.8- million from $133.9-million in the same quarter last year when there were 772 restaurants in the royalty pool.
Same-store sales growth fell 6.6 per cent. Total system sales came in at $125.8-million down from $133.9-million.
Adjusted earnings from operations came in at $6.4-million or 19.5 cents which was in line with expectations and compared to versus $6.9-million or 21 cents a year ago.
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Equitable Group Inc. (EQB-T) reported net income of $24.9-million or $1.46 per share versus $40.5-million or $2.42 per share.
The company said its provision for credit losses increased to $35.7-million in the quarter, “primarily due to a decline in macroeconomic assumptions used to estimate future credit losses.” The result compared to $9.6-million a year earlier.
The company also put its planned dividend increase on hold “because of regulatory guidance to the banking industry by the Office of the Superintendent of Financial Institutions to support the financial and operational resilience of all federally regulated banks including Equitable Bank.”
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