Business
Buyers return to Toronto
Buyers return to Toronto
About this update from Centerra Gold Inc.
[{"type":"text","content":"\nBuyers return to Toronto\n\nIndustrials lead TSX\n\n Apr. 29, 2010 (Baystreet.ca) -- Bay Street stocks moved higher in mid-morning deals Thursday amid recovery in commodities prices and on hopes for a quicker resolution for the Greece sovereign debt crisis.The S&P/TSX composite index leaped 134.13 points, or 1.1%, by noon to 12,211.02. The main index shed 1.67% in the past two sessions reversing from a fresh 18-month high hit on Monday, after the S&P's downgraded the debt ratings of Spain, Greece and Portugal.Also encouraging earnings reports from major Canadian companies, including Potash Corp and Cenovus Energy helped lift sentiment.In the energy space, Cenovus Energy gained 4.06% after reporting first-quarter net earnings of $0.70 per share, compared to $0.69 in the year-ago quarter. The company has declared a quarterly dividend of $0.20 per share.Pacific Rubiales Energy rose 3.95%.Imperial Oil edged up 0.96% after announcing improved first-quarter net income of $0.56 a share, compared to $0.33 a share for the same period last year.In the gold space, Barrick Gold rose 2.56%.Gold explorer Centerra Gold gathered 5.10% after it swung to profit in first quarter, reporting net earnings of $0.52 per share, compared to a net loss of $0.09 per share in the same quarter last year.Gold miner Goldcorp slipped to loss in first-quarter, reporting net loss of $0.07 per share, compared to net income of $0.40 per share in the same quarter last year. Analysts were expecting the company to earn $0.25 per share for the quarter. The stock edged up 0.72%.Among financial stocks, Scotiabank added 1.14% and National Bank of Canada gained 1.55%.Fertilizer maker Potash Corp. was up 1.52%. The company reported improved first-quarter earnings of $1.47 per share, compared with $1.01 per share earned in the same period last year.Analysts were expecting the company to record earnings of $1.32 per share for the quarter. For fiscal 2010, the company revised up its net income guidance to a range of $4.50 - $5.25 per share, from the earlier $4.00 to $5.00 per share.Digital imaging products maker DALSA Corp. rallied nearly 26.42%. Yesterday, the company reported a threefold surge in its first quarter net income at $0.20 per share, up from $0.07 per share a year ago. Analysts were expecting the company to record earnings of $0.05 per share.Meanwhile, Research ...