Goodfood: Canaccord Raises Price Target To $11.50 Ahead Of Earnings
This morning, Canaccord Genuity raised their 12-month price target to C$11.50 from C$9.50 and reiterated its buy rating on Goodfood Market (TSX: FOOD) ahead of its fourth-quarter earnings results. Goodfood is scheduled to report its earnings results on November 11th before the market open. Canaccord currently forecasts revenue of $70 million, or up 54% year […]
Global Trade Expected To Remain 9% Below 2019 Levels As COVID-19 Resurgence Threatens Further Damage
As the second and third coronavirus waves make a resurgence across Europe and the US, the prospects of a smooth recovery for global trade are becoming weaker. According to a report released by the UN Conference on Trade and Development (UNCTAD), the coronavirus pandemic is expected to reduce global trade volume anywhere between 7% and […]
Yield Stars: First Republic Bank
Our value seeking series on the under-performing banking sector kicks off with California-based First Republic Bank of San Francisco (NYSE: FRC). The diversified commercial bank is so well-situated as Silicon Valley’s banker that it’s embedded its branches directly in the headquarters of all the tech names you’ve heard of, thus becoming the personal banking name […]
76% of US CEO’s Plan to Reduce Office Space as Employees Continue to Work From Home
The coronavirus pandemic has forced many companies and businesses to revert to more flexible work environments as a move to reduce the spread of the deadly virus. Now nearly eight months into the pandemic, uncertainty surrounding virus mitigation efforts grows as the number of daily cases is nearing exponential growth; as a result, what seemed […]
Dominion Water Enters Definitive Agreement To Acquire 71 Million Litre Per Year Water Source
Dominion Water Reserves Corp (CSE: DWR) has signed a definitive agreement with that of Aquanor Inc to acquire 11973002 Canada Inc. The arrangement is per the letter of intent signed in August, with the company now set to acquire the subsidiary of Aquanor, which currently owns a 100% interest in the St Joseph de Coleraine […]
Cenovus To Cut Roughly 25% Of Jobs Following Husky Merger
Literally days after Goldman Sachs warned of mergers and acquisitions leading to job losses, it appears we have our first real world example. Reuters is reporting this morning that two sources have indicated that significant job losses are to occur as a result of the proposed merger between Cenovus Energy (TSX: CVE) and Husky Energy […]
New Found Gold Assays 22.3 G/T Gold Over 41.35 Metres At Keats Zone
New Found Gold (TSXV: NFG) this morning released preliminary drill results from four drill holes conducted at the Keats Zone of the Queensway Gold project in Newfoundland. Highlights from the drill program includine 22.3 g/t gold over 41.35 metres, including an interval of 68.6 g/t gold over 11.35 metres from hole NFGC-20-23. The assay data […]
Cormark Securities Initiates Coverage On Royal Helium With $0.80 Price Target
On October 13th, Cormark Securities initiated coverage on Royal Helium (TSXV: RHC) with a $0.80 and a Buy rating. Michael Mueller, Cormark’s analyst headlines the initiation note stating, “The Heir Apparent To A Revitalized Western Canadian Helium Industry.” Royal Helium is an early stage helium exploration company with a strong foothold of land in southern […]
Riverside Resources Begins Drilling Cuarentas Gold Project
Drilling has begun for Riverside Resources (TSXV: RRI) at the Cuarentas Gold Project located in Sonora, Mexico. The program is being conducted with exploration partner Hochshild Mining, whom will fund the exploration o the property as part of their minimum exploration commitment required in year one. The drill program, at an estimated initla 2,000 metres […]
Pure Gold Hits 296.1 G/T Gold Over 4.9 Metres In Underground Drilling
Pure Gold Mining (TSXV: PGM) has released results from its ongoing drill program at its flagship Pure Gold Mine in Red Lake, Ontario. Highlights from the program include 296.1 g/t gold over 4.9 metres including 1,147.1 g/t gold over 1.2 metres from underground drilling, as well as 66.3 g/t gold over 1.0 metre from surface […]