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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Brookfield Asset Management Inc    BAM.A   CA1125851040

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TSX gains in broad rally led by financials, energy stocks

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12/07/2017 | 11:16pm CET
The Toronto Stock Exchange sing is seen in Toronto

Canada's main stock index ended higher on Thursday, helped by gains among energy stocks as oil prices picked up as well as rising financial, consumer and technology stocks.

* The Toronto Stock Exchange's S&P/TSX composite index <.GSPTSE> closed up 106.9 points, or 0.67 percent, at 16,015.68.

* Eight of the index's 10 main sectors finished in positive territory, with advancers outnumbering decliners by a 1.7-to-1 ratio.

* The financials group, which accounts for more than a third of the index's weight, gained 0.6 percent as Brookfield Asset Management Inc (>> Brookfield Asset Management Inc) added 2.8 percent to C$55.25 and Bank of Nova Scotia (>> Bank of Nova Scotia) rose 1.2 percent to C$82.78.

* The energy group, another major force on the index, added 0.4 percent, with Suncor Energy Inc (>> Suncor Energy Inc.) up 1.3 percent at C$44.11 and pipeline operator Enbridge Inc (>> Enbridge Inc)

* Oil prices climbed more than 1 percent due to a threatened strike in Nigeria and as traders cover shorts after sharp losses the previous day brought on by an unexpectedly large rise in U.S. stocks of refined fuels. [O/R]

* BlackBerry Ltd (>> BlackBerry Ltd) rose 1.2 percent to C$13.21 after announcing it would expand its partnership with chipmaker Qualcomm into automotive systems on a non-exclusive basis.

* Dollarama Inc (>> Dollarama Inc) jumped 5.3 percent to C$157.61 after the discount store chain announced a share buyback plan and as a string of analysts adjusted their price targets on the stock following earnings that topped expectations on Wednesday.

* Industrials, led by gains for the country's two main railway companies, rose 0.7 percent, while Westjet Airlines Ltd (>> WestJet Airlines Ltd.) added 2.9 percent to C$27.16 after RBC raised its price target on the stock after its Wednesday announcement of a joint venture with Delta Air Lines.

* The materials group, which includes precious and base metals miners and fertilizer companies, added 0.7 percent.

* Emera Inc (>> Emera Inc) fell 3.0 percent to C$47.83 after the energy company announced a bought deal to raise at least C$700 million.

* Valeant Pharmaceuticals International Inc (>> Valeant Pharmaceuticals Intl Inc) rose 5.4 percent, recovering from a fall on Wednesday after announcing the pricing on its latest debt issuance.

(Reporting by Alastair Sharp; Editing by Susan Thomas and Sandra Maler)

By Alastair Sharp

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Financials ($)
Sales 2017 26 064 M
EBIT 2017 -
Net income 2017 -
Debt 2017 -
Yield 2017 1,27%
P/E ratio 2017 97,15
P/E ratio 2018 41,29
Capi. / Sales 2017 1,67x
Capi. / Sales 2018 1,86x
Capitalization 43 532 M
Chart BROOKFIELD ASSET MANAGEMEN
Duration : Period :
Brookfield Asset Managemen Technical Analysis Chart | BAM.A | CA1125851040 | 4-Traders
Technical analysis trends BROOKFIELD ASSET MANAGEMEN
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 41,8 $
Spread / Average Target -5,0%
EPS Revisions
Managers
NameTitle
James Bruce Flatt CEO, Director & Senior Managing Partner
Frank J. McKenna Chairman
Lori Pearson Chief Operating Officer & Senior Managing Partner
Brian Douglas Lawson Chief Financial Officer & Senior Managing Partner
Jeffrey Miles Blidner Director & Senior Managing Partner
Sector and Competitors
1st jan.Capitalization (M$)
BROOKFIELD ASSET MANAGEMENT INC26.63%43 532
BLACKROCK35.46%82 111
UBS GROUP8.78%68 195
BANK OF NEW YORK MELLON (THE)14.44%56 348
STATE STREET CORP24.70%36 123
AMERIPRISE FINANCIAL, INC.53.11%24 820