|Bid||5.44 x 0|
|Ask||5.45 x 0|
|Day's Range||5.43 - 5.46|
|52 Week Range||1.76 - 5.46|
|Beta (5Y Monthly)||1.50|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,897.34, up 5.16 points.)Lundin Mining Corp. (TSX:LUN). Basic Materials. Up 30 cents, or 4.27 per cent, to $7.32 on 13.01 million shares.Encana Corp. Energy. (TSX:ECA). Up 24 cents, or 4.69 per cent, to $5.36 on 9.3 million shares.Canadian Natural Resources Ltd. (TSX:CNQ) Energy. Up $1.19, or 3.29 per cent, to $37.40 on 7.43 million shares.Continental Gold Inc. (TSX:CNL). Mining. Up three cents, or 0.56 per cent, to $5.36 on 5.52 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Up nine cents, or 6.62 per cent, to $1.45 on 4.86 million shares.Royal Bank of Canada. (TSXL:RY). Financial Services. Down $2.23, or 2.08 per cent, to $104.95 on 4.73 million shares.\---Companies in the news:Dollarama Inc. (TSX:DOL). Consumer Defensive. Down $4.34, or about 8.85 per cent, to $44.70 on 2.37 million shares. Dollarama Inc. reported a third-quarter profit of $138.6 million or 44 cents per diluted share, up from $132.1 million or 40 cents per diluted share in the same quarter last year, helped by a boost in sales. Sales for the quarter totalled $947.6 million, up from $864.3 million, and same-store sales, a key retail metric, grew 5.3 per cent.Canadian Natural Resources Ltd. (TSX:CNQ) Energy. Up $1.19, or 3.29 per cent, to $37.40 on 7.43 million shares. Canadian Natural Resources Ltd. said it will spend $250 million more in 2020 than it did last year to drill conventional oil wells in Alberta, which will allow it to add three rigs to drill at about 60 locations. The company linked the decision to the provincial government's recent move to exempt certain new conventional wells from the oil curtailment program it enacted last January and the province's corporate tax cuts announced last spring.Royal Bank of Canada. (TSXL:RY). Financial Services. Down $2.23, or 2.08 per cent, to $104.95 on 4.73 million shares. Royal Bank of Canada says it expects to face a challenging environment in the coming year amid interest rate uncertainty. The bank says it believes it's well prepared to gain market share. The comments came as the bank announced a slightly lower fourth-quarter profit compared with a year ago due in part to declines at its capital markets and insurance units, as well as increased provisions for credit losses in banking, wealth management and capital markets.Laurentian Bank of Canada. (TSX:LB). Financial Services. Down $1.33, or about 2.91 per cent, to $44.45 on roughly 471,000 shares. Laurentian Bank of Canada raised its quarterly dividend by a penny to 67 cents per share as it reported a fourth-quarter profit or $41.3 million or 90 cents per diluted share. That's down from a profit of $50.8 million or $1.13 per diluted share in the same quarter last year.This report by The Canadian Press was first published Dec. 4, 2019.The Canadian PressNote to readers: CORRECTS TSX numbers
TORONTO — A Chinese mining company has signed a friendly deal to buy Continental Gold Inc. for $1.4 billion.Zijin Mining Group Co. Ltd. has agreed to pay $5.50 per share in cash for the Toronto-based company which is developing the Buritica gold project in Colombia.Continental shares closed at $4.87 on the Toronto Stock Exchange on Friday.The Buritica project is expected to produce approximately 250,000 ounces of gold per year on average over a 14-year mine life.The agreement is subject to the approval of at least a two-thirds majority vote by shareholders and simple majority of the votes cast by disinterested shareholders at a special meeting of Continental shareholders.Newmont Goldcorp Corp. and directors and officers of Continental, who collectively hold about a 21.5 per cent stake in Continental, have agreed to back the deal."In the span of a decade, Continental has transformed the Buritica project from a grassroots discovery into one of the world's largest and highest-grade gold projects," Continental chief executive Ari Sussman said in a statement."With production on the horizon in 2020, the timing is right for Continental to sell to a more experienced mine operator and therefore Continental's board of directors recommends that shareholders vote in favour of the transaction."This report by The Canadian Press was first published Dec. 2, 2019.Companies in this story: (TSX:CNL) The Canadian Press
BEIJING/TORONTO (Reuters) - China's Zijin Mining Group Co Ltd has agreed to buy Canadian miner Continental Gold Inc for C$1.3 billion (£779.42 million), but a top executive with the target company said elevated security concerns in Colombia pose a risk to the deal. State-backed Zijin's offer for Continental, announced on Monday, aims to secure Continental Gold's flagship Buritica gold project in Colombia. "Zijin doesn't have any experience in Colombia, and we have obviously had some incidents in the past," Continental Chief Financial Officer Paul Begin told Reuters.
If you own shares in Continental Gold Inc. (TSE:CNL) then it's worth thinking about how it contributes to the...
Gold continues to offer investors one of the best opportunities in 2019, and Continental Gold Inc (TSX:CNL) is one of the stocks with the most potential.