(RTTNews) - Toronto stocks are slightly higher on Friday morning, adding to last week’s gains. Mining stocks are modestly higher, offsetting weakness in the gold sector.

The S&P/TSX Composite Index has added 31.75 points or 0.27% to move at 11,536.51. The market gained more than 80 points last week despite falling in three of four sessions.

Mining stocks are up 0.8%. Lundin (LUN.TO) has gained 3.9% after the stock was upgraded to Outperform from Neutral at Credit Suisse Group. HudBay (HBM.TO) is up 0.7% after reciving the same upgrade.

Gold stocks are down nearly 1%. Iamgold (IMG.TO) has dropped 2.1% and Eldorado (ELD.TO) is down 1.4%.

In corporate news, Potash (POT.TO) has rallied 4.4% amid further speculation the company could be sold to BHL Billiton Ltd.

Agrium (AGU.TO) has gained 4.65 after the company agreed to sell 50% of its Carseland nitrogen facility to Terra Industries for about $250 million in cash, to meet Canadian regulatory requirements in connection with its offer to acquire CF Industries Holdings.

Enerflex (EFX-UN.TO) has soared more than 39% after receiving a buyout offer from Toromont Industries (TIH.TO). The cash and stock deal would be worth nearly $600 million. Toromont is up 3.3%.

QLT (QLT.TO) has added 0.75% after the company said it has restructured its agreement with Novartis Pharma AG to simplify the relationship, under which it will receive exclusive U.S. rights to the Visudyne patents to sell and market Visudyne in the U.S.

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Posted in Categories: Canada, Releases, Stocks, USA.

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