The average of analysts individual earnings forecasts or buy/sell ratings.
Archives
Non-Certificated Issues
An issue that is recorded on the transfer agent’s electronic book rather than being held as a physical note.
Non-Resident Order
A special term order when one or more participants in the trade is not a Canadian resident.
Material Change
A change in an issuer’s affairs that could have a significant effect on the market value of its securities, such as a change in the nature of the business or control of the issuer. Under the principle of continuous disclosure, a listed issuer must issue a news release and report to the applicable self-regulatory organization as soon as a material change occurs.
Consolidated Short Position Report
A consolidated report that includes the total shares short (as of the trade date) and the net change from the previous report, for both TSX and TSX Venture Exchange listed issues. Under UMIR rule 10.10, all TSX and TSX Venture Exchange Participating Organizations and Members must report the firm’s short position on a semi-monthly basis to TSX Datalinx. Non-clearing firms may report through the firm that is responsible for their clearing.
Goodwill
The amount of a company’s shareholder’s equity that exceeds the value of its hard assets.
Non-Exempt Issuer
A listed issuer that is subject to special reporting rules.
Normalized Earnings
Profits a company can be expected to achieve taking out cyclical effects and unusual events such as one-time write-offs caused by late product releases, customer bankruptcies and the like.
Median Market Cap
The average market capitalization of stocks owned by a mutual fund.
Consumer Stock
This is a category of stock of companies that produce consumer-oriented products like food, beverages, tobacco, and pharmaceuticals.