BMO Lifts Starbucks Price Target After Earnings Beat
Starbucks (NASDAQ: SBUX) reported their fiscal third quarter results on July 27. The company beat the street estimate of $7.27 billion in revenue, with them reporting $7.49 billion in top-line revenue. Revenue grew 77.6% year over year, while gross profits grew more than 100% to $2.32 billion. Gross margins came in at 31% while operating […]
General Motors: Analysts Expect Q2 Revenues Of $30.9 Billion
General Motors (NYSE: GM) will be reporting its second quarter financial results before the market opens on August 4. Analysts have a consensus $72.68 12-month price target on the company, via a total of 22 analysts, with 8 analysts having strong buy ratings, 12 analysts having buy ratings and 2 have hold ratings. The street […]
Canopy Growth: Analysts Anticipate Q1 Revenues Of $149 Million
Canopy Growth Corp (TSX: WEED) (NASDAQ: CGC) announced that they will be reporting their fiscal first quarter financials before market open on August 6. Analysts have a consensus C$31.97 12-month price target on the company, via a total of 15 analysts, with one analyst having a strong buy rating, and three analysts have a buy […]
World’s Largest Pension Fund Cuts US Treasuries From Portfolio Amid Global De-Dollarization Trend
A major debt selloff around the globe may soon be en route, as the world’s largest pension fund slashed the weighing of US Treasuries in its portfolio by the most on record, suggesting that demand for the US dollar in draining. According to an analysis by Bloomberg, Japan’s Government Pension Investment Fund (GPIF) has reduced […]
Peter Grandich: “We Are In The Most Latter Stage of The Biggest Bubble Of All Time”
Joining us for our final episode this week of The Daily Dive is that of Peter Grandich, of Peter Grandich & Company, and the author of “Confessions of a Former Wall Street Whiz Kid.” Peter joins us today to discuss the potential implications of a rate hike on the price of gold, his expectations for […]
Square: Consensus Price Target Climbs To $290 Following AfterPay Purchase
On August 2, a Sunday, Square Inc (NYSE: SQ) announced that they would be acquiring Afterpay for A$39 billion or roughly $29 billion in an all-stock deal. Afterpay shareholders will receive 0.375 shares of Square per share of Afterpay and Square has the option to pay 1% of the total consideration in cash. The deal […]
Highland Copper Eyes Selling UPX Minerals To Sweetwater Royalties For US$18 Million
Highland Copper Company Inc. (TSXV: HI) and its subsidiary Upper Peninsula Copper Holdings reported today that they have entered into an agreement with Sweetwater Royalties to sell all of the issued and outstanding shares of Upper Peninsula subsidiary UPX Minerals. The acquisition is reported to be for total consideration worth US$18 million. The transaction payment […]
MicroStrategy: Canaccord Lowers Price Target To $780
MicroStrategy (NASDAQ: MSTR) reported its second quarter financial results on July 29. The company reported revenue grew 13.4% year over year to $125.4 million, while gross profit grew 18.2% to $102.3 million for the quarter. The company’s operating profit came in at -$414 million while net income was -$299 million. GAAP earnings per share were […]
Nickel 28: Ramu Asset Produces 16,578 Tonnes Contained Nickel In H1 2021
Nickel 28 Capital Corp (TSXV: NKL) this morning revealed the operating results for its flagship asset, the Ramu Nickel-Cobalt mine in Papua New Guinea. The company currently owns an 8.56% stake in the asset. For the first half of 2021, Ramu reported production of 16,578 tonnes of contained nickel, a figure larger than the nameplate […]
Thesis Gold Secures 5-Year Exploration Permit For Ranch Gold-Silver Project
Thesis Gold Inc. (TSXV: TAU) announced today that it has been recently granted by the Government of British Columbia a five-year permit for exploration and drilling on its flagship Ranch Gold-Silver Project. The 17,832-hectare property is located in the Golden Horseshoe of north-central British Columbia. Following the securing of the permit, the company commenced its […]