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Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.

Home Capital Group Inc. (HCG-T) resumed its quarterly dividend and reported fourth-quarter earnings including growth in mortgage originations.

The company said net income was $52.7-million or $1.04 per share versus $55.3-million or $1.06 a year earlier.  Adjusted EPS was $1.06. The expectation was for earnings of $1.09 per share.

Total mortgage originations were $2.7-billion versus $1.9-billion a year earlier.

The board declared a dividend of 15 per common share, payable on March 31 to shareholders of record at the close of business on March 15.


MTY Food Group Inc. (MTY-T) reported that its fourth-quarter revenue grew 15 per cent year-over-year to $146.3-million. The company said the increase was due to a 40 per cent growth in Canadian food processing, distribution and retail revenues. The results were slightly below expectations of $147.3-million, according to S&P Capital IQ.

Net income attributable to owners reached $24.9-million, or $1 per share of 2021 compared to $20.1-million or 81 cents per share a year earlier. The expectation was for EPS of 99 cents.


Bonterra Resources Inc. (BTR-X) announced a $25-million private placement of flow-through shares and common shares.

The company said it has an agreement with Cormark Securities Inc., as lead agent, on behalf of a syndicate of agents for a “best efforts” private placement of 7,290,000 common shares that qualify as “flow-through shares” under the  Income Tax Act (Canada) at a price of $2.06 each for gross proceeds of $15-million and 8,270,000 common shares for $1.21 per share for gross proceeds of $10-million.


North American Construction Group Ltd. (NOA-T) reported revenue of $181-million for its fourth quarter, which was in line with expectations and compared to $136.1-million in the same period a year ago.

Net income of $15.3-million or 48 cents per share compared to $10-million or 32 cents in the year-earlier period. Adjusted earnings came in at 59 cents compared to 36 cents a year earlier, which was ahead of expectations of 55 cents.


Chorus Aviation Inc. (CHR-T) reported fourth-quarter operating revenue of $346.5-million up from $218.2-million a year ago and ahead of expectation of $289.5-million

Net income of $10.2-million or 6 cents compared to net income of $9.2-million a year earlier. Analysts were expecting earnings of 9 cents, according to S&P Capital IQ.


Western Forest Products Inc. (WEF-T) reported revenue of $327.9-million for its fourth quarter up from $318.9-million a year earlier. The expectation was for revenue of $317.8-million.

Net income of $28.5-million or 8 cents per share versus $34.4-million or 9 cents a year earlier.

“Strong product pricing was offset by lower shipments due to ongoing export logistics issues, a redirection of export-grade log supply to our mills as a result of low B.C. coastal harvest levels, and a lower export tax recovery,” the company stated.


Morguard Real Estate Investment Trust (MRT.UN-T) reported fourth-quarter revenue of $63.3-million down from $67.5-million a year ago.

Its loss was $796,000 versus a loss of $68-million a year ago.

Adjusted funds from operations came in at $13.9-million or 21 cents per unit versus $16.4-million or 25 cents a year ago.


Killam Apartment REIT (KMP.UN-T) reported net income of $74.8-million, an increase of $26.2-million compared to $48.6-million a year ago. The REIT said the increase was due to higher fair value gains on investment properties recognized in the latest quarter.

Revenue of $77-million was up from $66.8-million a year ago. The expectation was for revenue of $77.9-million.


Goeasy Ltd. (GSY-T) reported a record $507-million in total loan originations in the fourth quarter, up 52 per cent compared to the $334-million produced in the fourth quarter of 2020.

Operating income was a record $79.6-million, up 30 per cent from $61.3-million in the fourth quarter of 2020, the company said. Revenue was $234.4-million up from $173.2-million a year earlier. The expectation was for revenue to come in at $229.6-million.

Net income was $50-million or $2.90 per share, compared to $48.9-million or $3.14 per share in the fourth quarter of 2020. The expectation was for EPS of $2.52, according to S&P Capital IQ.

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