Hecla Mining: Canaccord Reduces Price Target To $5.75 Following Earnings
Thursday, Hecla Mining (NYSE: HL) reported their fourth quarter and full year 2020 financial results. The company announced fourth quarter sales of $188.9 million, while cash flow from operations came in at $64.9 million, and free cash flow of $28.3 million was reported. 2020 silver production was up 7% to 13.5 million ounces, while gold […]
Plant&Co: Pivoting To Digital Leads To Significant Growth – The Daily Dive feat Shawn Moniz
For our Saturday edition of The Daily Dive, we sit down with Shawn Moniz, CEO of Plant & Co Brands (CSE: VEGN). Shawn joins host Cassandra Leah to provide the two minute elevator pitch for the company, to discuss the impacts of COVID-19 on the firms operations, the firms current distribution, and more. Plant & […]
Canadian Mortgage Debt Rises At Fastest Pace Since 2010
Mortgage debt among Canadian households increased at the fastest pace in a decade, amid record-low interest rates and increased demand for more spacious housing. According to Statistics Canada, the overall mortgage debt level among Canadian households rose by $118 billion, or 7.6%, to a total of $1.7 trillion in 2020. This marks the largest annual […]
Gridfight: Texas’ Battle Between Fossil Fuels & Renewable Energy
In the early hours of the power crisis in Texas, Governor Greg Abbott reverted to the familiar. The Governor went on TV and infamously blamed the icing up of windmills for the generation shortfalls that had Texans’ power off in the middle of the worst snow storm anyone can remember. It’s since become apparent that […]
CloudMD: Canaccord Raises Price Target To $3.75
Wednesday morning, it was announced that CloudMD Software & Services (TSXV: DOC) is acquiring VisionPros, a vertically integrated eyecare platform. The deal will cost CloudMD C$60 million along with a potential one-time C$40 million earnout. The C$60 million comes in one C$30 million cash payment and one C$30 million payment in common shares of the […]
Canadian Restaurant and Bar Sales Fall by Most on Record in 2020
The Covid-19 pandemic created significant negative impacts for a number of Canada’s economic sectors, causing numerous businesses to shut their doors— some even permanently. However, the pandemic’s impact was felt the most across the accommodation and food services sector, which still remains the furthest away from pre-pandemic employment levels. As a result, restaurants and bars […]
Jim Rogers: Small Caps Are Where The Best Fortunes Are Made – The Daily Dive
For the final episode of The Daily Dive this week, we have a special guest – none other than Jim Rogers. For this special episode, Jim sits down with none other than Small Cap Steve to discuss small caps, rising inflation, a bottom-up approach to investing and more. Jim Rogers is a famed investor, having […]
Argonaut Gold: Analysts Upgrade Price Targets Following Close Of Financing
Some analysts have recently updated their forecasts on Argonaut Gold (TSX: AR) after the closing of their C$26.5 million flow-through financings. Argonaut Gold currently has eight analysts covering the company with a weighted 12-month price target of C$5.16. This is very slightly up from the average in January, which was C$5.08. Two analysts have strong buys […]
Lumber Prices Soar To New Records Amid Housing Construction, Renovations
The ongoing demand for housing has caused home prices to soar across Canada and the US, as buyers take advantage of low borrowing costs and more spacious accommodations during the pandemic. However, the ongoing demand for new housing has sparked a price surge in lumber, as producers struggle to restock inventories. According to Statistics Canada, […]
Supreme Cannabis Closes $25.9 Million Bought Deal Financing
The Supreme Cannabis Company (TSX: FIRE) this morning announced the closing of its previously announced bought deal offering. The company managed to raise gross proceeds of $25.9 million via the issuance of 83.5 million units, which includes the full allocation of the over-allotment option. Under the terms of the offering, each unit was sold at […]