TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,222.46, up 37.14 points.)
Suncor Energy Inc. (TSX:SU). Energy. Up six cents, or 0.33 per cent, to $18.19 on 8.79 million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Down 21 cents or 0.88 per cent, to $23.63 on 6.59 million shares.
Teck Resources Ltd. (TSX:TECK.B) Materials. Up $1.66, or 10.72 per cent, to $17.14 on 5.7 million shares.
Freegold Ventures Ltd. (TSX:FVL). Materials. Down 24 cents, or 17.14 per cent, to $1.16 on 5.3 million shares.
OceanaGold Corp. (TSX:OGC). Materials. Down a penny, or 0.38 per cent, to $2.62 on 4.46 million shares.
Barrick Gold Corp. (TSX:ABX). Materials. Down 46 cents, or 1.16 per cent, to $39.24 on 3.86 million shares.
Companies in the news:
Lightspeed POS Inc. (TSX:LSPD) Down $1.82 or or 4.35 per cent to $40.05. Shares of Lightspeed POS began trading on the New York Stock Exchange Friday as the Canadian technology company tested the appetites of U.S. markets. The shares opened at US$32 after underwriters priced them at US$30.50 in a public offering. Lightspeed says it will raise US$305 million from the share offering and will invest the money in its cloud technology business, which is designed to help small businesses to accept payments.
Iamgold Corp. (TSX:IMG). Down five cents or 0.93 per cent to $5.34. Toronto-based Iamgold is well positioned to build and ramp up production at its US$1.3-billion Cote Gold mine in northern Ontario thanks to a debt financing announced this week, a healthy cash balance and near-record gold prices, analysts say. The project groundbreaking ceremony was to be held Friday, with Prime Minister Justin Trudeau and Ontario Premier Doug Ford in attendance at the site about 130 kilometres southwest of Timmins. Earlier this week, Toronto-based Iamgold announced it would raise US$450 million by issuing notes due in 2028, using the cash to repurchase US$400 million in notes due in 2025, with the rest for general corporate purposes. The financing, along with its holdings of US$832 million in cash at the end of the second quarter and manageable debt levels, provide plenty of room for the project to reach its potential, said National Bank analyst Mike Parkin in a report.
Algonquin Power and Utilities Corp. (TSX:AQN). Up 16 cents or 0.88 per cent to $18.36. Algonquin Power has signed a deal to buy a majority stake in a water utility in Chile for US$92.3 million (C$121.5 million). The Ontario-based company says the agreement would see it acquire a 53.5 per cent stake in Empresa de Servicios Sanitarios de Los Lagos S.A. (ESSAL). Algonquin says that due to local regulation a tender offer process will also be launched for the remaining shares of the company. The deal will make ESSAL Algonquin's first international water utility. The company in Southern Chile operates 48 potable water production systems, 29 sewage plants and distribution and sewage networks covering 33 municipalities.
This report by The Canadian Press was first published Sept. 11, 2020.
The Canadian Press
