Galaxy Digital Sees BMO Lift Price Target To $35 After Q4 Results
On April 3rd, BMO raised Galaxy Digital Holdings’ (TSX: GLXY) 12-month price target from $32 to $35 and reiterated their outperform rating after they released their fourth quarter and full-year financial results. Currently, there are only 3 analysts covering Galaxy Digital, with an average 12-month price target of $36, which represents an 83% upside to […]
Electric Vehicle Maker Canoo Faces Cash Squeeze
Many high valuation, pre-revenue stocks have lost about half their value since November 2021. For some in that group, sell side analysts believe solid fundamentals suggest the stocks may eventually recover much of those losses. Canoo Inc. (NASDAQ: GOEV), a start-up electric vehicle (EV) manufacturer, fits into that first category but unfortunately does not seem to meet […]
Zoltan Pozsar On Central Bank Rejecting Commodity Traders’ Liquidity Assistance Plea: “This Is A War, Not A Business Cycle”
Central banks might have been considering commodity traders as peripheral from a financial stability perspective. However, Credit Suisse contributor Zoltan Pozsar believes that in the current context where commodities are pretty much affecting price indicators, central banks might have to reconsider the traders’ liquidity assistance pleas. Commenting on a news headline about the European Central […]
Starbucks: BMO Cuts Target To $115 On Share Buyback Suspension
On April 4th, Starbucks (Nasdaq: SBUX) announced that its founder, Howard Schultz, who left an active role in 2018, will be returning as its CEO and as a director on the Board of Directors. Additionally, Schultz announced that the firm would be suspending its $20 billion buyback program, writing, “This decision will allow us to […]
Beverage Firm Westrock Coffee To Be Taken Public In A US$1.1 Billion SPAC Merger
Beverage brand Westrock Coffee Holdings entered into a definitive business combination agreement with special purpose acquisition company Riverview Acquisition Corp. (Nasdaq: RVAC). The transaction values the combined company at an enterprise value of US$1.09 billion, around 14.5 times the projected 2022 adjusted EBITDA. The combined company is expected to receive US$500 million in gross proceeds […]
Emerita Resources CEO David Gower on SmallCapSteve LIVE!
As a part two to yesterday’s episode of SmallCapSteve Live!, Steve sits down with Emerita Resources (TSXV: EMO) CEO David Gower. Within, Steve and David discuss the company’s current status of permitting for the Romanera and El Cura deposits and the ongoing court process in Spain as it relates to the firms Aznalcollar property. The […]
Avian Flu Sends Egg Prices Soaring Ahead of Easter Holiday
The highly transmittable avian flu has made a re-appearance in the US— at the worst timing— of course. The H5N1 bird flu virus has been detected in both commercial and wild birds across 24 US states, forcing poultry and egg farmers to cull their aviation livestock and further disrupt already-severed food supply chains. According to […]
Peru Slips into Chaos: President Declares State of Emergency as Violent Protests Erupt Over Soaring Inflation
It appears that consumers around nearly all parts of the world are feeling the pressures of rapidly accelerating inflation. The latest country to slip into chaos is Peru, where violent protests erupted in the capital city as citizens become fed up with surging fuel and food costs. On Tuesday, Peru’s President Pedro Castillo declared a […]
Apparently, Twitter’s Edit Button Is Not An April Fool’s Prank (And Not Because Of Elon Musk, Too)
A lot of Twitter (NYSE: TWTR) users felt heard over the weekend after the social media giant tweeted that it is working on an edit button. But, since it was tweeted on April Fool’s Day, not a lot wanted to take the bait. Apparently, the platform wasn’t kidding. Its communications team account tweeted on Tuesday […]
Electra Battery Materials Announces 18 To 1 Share Consolidation
Electra Battery Materials (TSXV: ELBM) last night announced it intends to conduct a significant consolidation of its common shares. The reverse split is being pursued as a result of the firms desire to acquire a listing on the Nasdaq Stock Market. The reverse share split will see shareholders receive one post consolidation share for every […]