Starbucks: Analyst Consensus Estimates
Starbucks (NASDAQ: SBUX) will be reporting their fiscal second quarter financial results today after the close of markets. Analysts have a consensus $115.05 12-month price target on the company, via a total of 34 analysts, with ten analysts having strong buy ratings. Nine analysts meanwhile have buy ratings and 15 have hold ratings. The street […]
S&P Global Maintains Canada’s AAA Rating Despite Colossal Deficit
S&P Global Ratings has reiterated its top-notch credit rating for Canada, despite the government’s latest federal budget that included $101 in new spending initiatives. In a report published late Monday, S&P affirmed its AAA rating on Canada, along with a robust outlook because “Canada’s public finances were well positioned entering the pandemic, enabling a strong […]
Institutions Are Lining Up For The Crypto Space – The Daily Dive feat Russell Starr
Today on the Daily Dive we see the return of Russell Starr, CEO of Trillium Gold Mines (TSXV: TGM). Russell joins us today to discuss the recent Coinbase IPO and the impact it had on the crypto market, recent developments with DeFi Technologies, and the latest developments from the Bank of Canada. Lastly, we get […]
AMD: First Quarter Analyst Consensus Estimates
Advanced Micro Devices (NASDAQ: AMD) will be reporting their first quarter financial results on April 27th after market close. Analysts have a consensus $102.50 12-month price target on the company, via a total of 39 analysts, with six analysts having strong buy ratings. 18 analysts meanwhile have buy ratings, 13 have hold ratings, 1 analyst […]
Moody’s: Global Consumers Stashed Away $5.4 Trillion in Excess Savings During the Pandemic
Households around the world have accrued $5.4 trillion in excess savings since the beginning of the pandemic, suggesting that a worldwide consumerism boom will likely erupt amid increased confidence in the economic outlook and business reopenings. According to Moody’s, households have accumulated a significant amount of additional savings compared to 2019, equating to over 6% […]
Lyft Sells Autonomous Driving Unit to Toyota in $550 Million Deal
Lyft Inc has announced it will be selling its self-driving division to a Toyota Motor Corp subsidiary, after realizing its pricey driverless vehicle service is actually not that close to revolutionizing ride-hailing after all. The deal, which is worth $550 million, will allow Lyft to record an adjusted profit come the third quarter of the […]
Reunion Gold To Raise $3.0 Million In Brokered Financing, Expands Non-Brokered Financing
Reunion Gold Corporation (TSXV: RGD) announced today that it has launched a marketed private placement with a syndicate of agents led by BMO Capital Markets. Adjacently, it has also reported the upsizing of its previously announced non-brokered offering. The brokered offering will consist of 46.2 million units at $0.065 per unit, amounting to gross proceeds […]
Revive Therapeutics Applies For Orphan Drug Designation For Psilocybin
Revive Therapeutics (CSE: RVV) has filed for orphan drug designation with the US Food and Drug Administration. The filing relates to the use of psilocybin for the treatment of moderate to severe traumatic brain injury. Psilocybin, as per Revive, currently offers a potential solution to manage moderate to severe cases of traumatic brain injury, or […]
PyroGenesis Enters Binding LOI To Acquire AirScience Technologies
PyroGenesis Canada Inc. (TSX: PYR) announced today that it has signed a letter of intent to acquire AirScience Technologies Inc. (AST) for $4.8 million. The agreement is binding on AST but will be binding on PyroGenesis after the latter’s satisfaction with due diligence currently in progress. The $4.8 million transaction is payable at the final […]
InMed Pharmaceuticals Voluntary Delists From TSX, Remains On Nasdaq
InMed Pharmaceuticals Inc. (TSX: IN) announced today that it has provided written notice to the Toronto Stock Exchange of its voluntary delisting from the Canadian big board. The company, however, will remain trading on Nasdaq under the symbol “INM”. The company reported that the reason for delisting is chiefly the expense and administrative efforts in […]