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  • Writer's pictureLucas Friesen

Market Summary: February 14, 2024

The TSX rose 304.43 points today, nearly erasing yesterday’s losses. At time of writing, bitcoin is up $2,328 (U.S.) to $52,250 (U.S.) per bitcoin.


Manulife Financial Corp. has $875.57B in assets and liabilities. It earned $5.6B on insurance revenue of $23.97B in 2023. It lost $1.97B on insurance revenue of $23.11B in 2022. It has $19.88B in net cash and short-term securities. Market cap: $55.41B.


Great-West Lifeco Inc. has $713.23B in assets and liabilities. It earned $2.86B from continuing operations on insurance revenue of $20.4B in 2023. It earned $3.62B from continuing ops on insurance revenue of $19.63B in 2022. It has $7.74B in cash and equivalents from continuing ops. Market cap: $38.75B.


Barrick Gold Corp. has $45.81B (U.S.) in assets and liabilities. It earned $1.95B (U.S.) on revenue of $11.39B (U.S.) in 2023. It earned $1.01B (U.S.) on revenue of $11.01B (U.S.) in 2022. It has $4.14B (U.S.) in cash and equivalents. It has also arranged a $1B (U.S.) share buyback. Market cap: $33.42B.


West Fraser Timber Co. Ltd. has $9.41B (U.S.) in assets and liabilities. It lost $167M (U.S.) on sales of $6.45B (U.S.) in 2023. It earned $2.05B (U.S.) on sales of $9.7B (U.S.) in 2022. It has $900M (U.S.) in cash and equivalents. Market cap: $8.46B.


Kinross Gold Corp. has $10.54B (U.S.) in assets and liabilities. It earned $415.4M (U.S.) on metal sales of $4.23B (U.S.) in 2023. It lost $605.7M (U.S) on metal sales of $3.45B (U.S.) in 2022. It has $352.4M (U.S.) in cash and equivalents. In 2024, the company expects to produce 2.1 million ounces of gold equivalent and plans to spend $1.05B (U.S.). Market cap: $8.3B.


CAE Inc. has $10.47B in assets and liabilities. It earned $59.1M on revenue of $1.09B in the quarter ended Dec. 31, 2023. It earned $80M on revenue of $969.9M in the comparable period. It has $124.5M in cash and equivalents. Market cap: $8.14B.


Keyera Corp. has $8.78B in assets and liabilities. It earned $424.03M on revenue of $7.05B in 2023. It earned $328.29M on revenue of $7.06B in 2022. It has $20.08M in cash. It plans to spend between $80M and $100M on growth expenditures in 2024. Market cap: $7.3B.


Dundee Precious Metals Inc. has $1.29B (U.S.) in assets and liabilities. It earned $192.93M (U.S.) on revenue of $520.09M (U.S.) in 2023. It earned $35.92M (U.S.) on revenue of $433.49M (U.S.) in 2022. It has $595.28M (U.S.) in cash and equivalents from continuing ops. The company expects to process between 2,800 and 3,000 kilotonnes of ore in 2024. Market cap: $1.44B.


Birchcliff Energy Ltd. produced 75,699 barrels of oil equivalent per day in 2023. It earned $9.78M on revenue of $740.35M in 2023. It earned $653.68M on revenue of $1.34B in 2022. It has 993,897 million barrels of oil equivalent in proved plus probable reserves. Market cap: $1.28B.


SSR Mining Inc. has nine people missing after a slip occurred at its Copler heap-leach pad, Turkey, on the morning of Feb. 13, 2024. The company suspended operations at the mine, after the slip. The company expected to produce between 200,000 and 220,000 ounces of gold at Copler in 2024. It’s unknown how much the slip will affect the company’s guidance. Market cap: $1.22B.


Algoma Steel Group Inc. has repaired and restarted its blast furnace at its coke-making plant. The company continues to make auxiliary repairs while it increases its coke-making capacity and rebuilds its inventory. Market cap: $1.14B.


Calian Group Ltd. has $703.27M in assets and liabilities. It earned $5.52M on revenue of $179.17M in the quarter ended Dec. 31, 2023. It earned $4.57M on revenue of $147.54M in the comparable period. It has $52.26M in cash and equivalents. Market cap: $702.52M.


Vecima Networks Inc. has $376.62M in assets and liabilities. It earned $3.58M on sales of $61.95M in the quarter ended Dec. 31, 2023. It earned $8.13M on sales of $76.21M in the comparable period. It has $2.58M in cash and equivalents. Market cap: $398.57M.


Quipt Home Medical Corp. has $243.89M (U.S.) in assets and liabilities. It lost $586,000 (U.S.) on revenue of $65.36M (U.S.) in the quarter ended Dec. 31, 2023. It earned $325,000 (U.S.) on revenue of $40.81M (U.S.) in the comparable quarter. It has $18.32M (U.S.) in cash. Market cap: $279.98M.


Alithya Group Inc. has $418.26M in assets and liabilities. It lost $2.53-milllion on revenue of $120.49M in the quarter ended Dec. 31, 2023. It lost $5.5M on revenue of $130.78M in the comparable quarter. It has $10.81M in cash. Market cap: $157.97M.


Ceres Global Ag Corp. has $315.91M (U.S.) in assets and liabilities. It earned $2.67M (U.S.) on revenue of $282.2M (U.S.) in the quarter ended Dec. 31, 2023. It lost $1.26M (U.S.) on revenue of $283.02M (U.S.) in the comparable quarter. It has $3.94M (U.S.) in cash. Market cap: $82.39M.


Synex Renewable Energy Corp. has $19.46M in assets and liabilities. It earned $104,260 on revenue of $972,718 in the quarter ended Dec. 31, 2023. It lost $654,855 on revenue of $458,445 in the comparable quarter. It has 1.08M in cash and restricted cash. Market cap: $10.1M.

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