Elon Musk Resumes Selling Tesla Stock, Sees Gross Proceeds Of $1.05 Billion
After taking a breather for nearly a week, it appears Elon Musk is back at it. Last night the chief executive of Tesla (NASDAQ: TSLA) filed four Form-4’s with the US Securities and Exchange Commission, indicating he has sold further stock in the electric car manufacturer. As has become habit at this point, a total […]
BMO Lifts GFL Environmental Price Target To $46 After Strong Results
This month, GFL Environmental Inc. (TSX: GFL) reported its third quarter financial results. The company reported revenues of $1.48 billion, up 43% year over year, along with its highest gross margins in 11 quarters at 13%, while operating margin was reported at 4.8%. The company’s net income meanwhile was -$245 million, or a -$0.71 earnings […]
High Water Marks: A Deep Dive into the Damage from BC’s Storms
An “atmospheric river event” dumped about two months worth of rain on BC’s Lower Mainland in the span of three days last week, causing river levels to rise and hillsides, formerly held together by the roots of trees, to wash down over highways and rail lines in high speed torrents of mud and debris. The […]
Equinox Gold: Canaccord Reiterates Buy Rating, $12 Price Target
Early this month, Equinox Gold Corp. (TSX: EQX) reported its third quarter financial results. The company announced revenues of $245.1 million, slightly higher than the $244.5 million last year. Gross margins from mining were $49.2 million, adjusted EBITDA was $62 million, while earnings per share came in at -$0.02. The company produced 139,758 ounces of gold […]
India-Focused SPAC Vahanna Tech Edge Acquisition Prices US$174 Million IPO
Special purpose acquisition company Vahanna Tech Edge Acquisition I Corp. (Nasdaq: VHNAU) started trading publicly on the Nasdaq Global Market today. The company is seeking to raise US$174 million in its initial public offering. The offering consists of 17.4 million units priced at US$10.00 per unit. Each unit is composed of one common share and […]
Is Gold To See A Violent Move Upward? – The Daily Dive
Today on the Daily Dive, we welcome back David Garofalo, the Chairman and CEO of Gold Royalty Corp (NYSE: GROY). David dives deep on the biggest inflation surge in US market in 30 years (0:50) and the Bank of Canada’s rate hike posture (1:48). He also talks about the possibility of a US$3,000 gold price […]
Lundin Mining Announces Production Guidance For The Next Three Years
Lundin Mining Corporation (TSX: LUN) provided on Monday the production guidance for 2022-2024. Total annual copper production is expected to increase to 258,000 – 282,000 tonnes for next year. Total annual production for copper is expected to slow down to 250,000 – 274,000 tonnes in 2023 then increase to 262,000 – 286,000 tonnes in 2024. […]
Zoom Hits US$1.05 Billion In Revenue In Fiscal Q3 2022
Zoom Video Communications, Inc. (Nasdaq: ZM) announced on Monday its financial results for the fiscal third quarter 2022 ended October 31, 2021. The report highlights a topline revenue figure of US$1.05 billion, an increase from Q3 2021’s revenue of US$777.2 million. The gross margin also increased to 74.2% this quarter coming from 66.7% last year. […]
Bragg Gaming: Canaccord Drops Target To $21 Due To Sector Tailwinds
On November 8th, Bragg Gaming (TSX: BRAG) reported their third quarter financial results. The company reported revenues of €12.9 million, or 9.9% year over year, while Adjusted EBITDA was €1.42 million which is 22.7% lower than last year. The firm also reported that unique players grew 14.4% year over year to 2.1 million and raised […]
Tokens.com Spends US$2.52 Million On Virtual Real Estate In Metaverse
Tokens.com Corp (NEO: COIN) this morning announced it has made a substantial purchase in a metaverse. The company has acquired “land” or “real estate” in the fake world, whilst claiming it is the largest land acquisition in history in terms of the metaverse. The acquisition was made via the firms subsidiary, Metaverse Group, within the […]