Aztec Minerals Acquires Whole Ownership Of Cervantes Copper-Gold Project
The joint-venture arrangement at Aztec Minerals’ (TSXV: AZT) Cervantes project in Mexico is no more. The firm this morning revealed that it has taken a major step in relation to the project, by buying out Kootenay Silver’s (TSXV: KTN) stake in the property. The purchase will see Aztec acquire Kootenay’s 35% stake in the gold-copper […]
Cameco: Canaccord Anticipates Mixed Results For Q2 2022
Cameco (TSX: CCO) is expected to report its second quarter financial results on July 27 before the market opens. In Canaccord’s preview, they reiterate their buy rating and C$43 12-month price target, saying, “we remain fundamentally bullish on the outlook for uranium, we remain cautious going into Cameco’s Q2 results.” There are currently 13 analysts […]
Coal Demand And Prices Continue To Soar; Yet Coal-Fired Power Is Still Cheaper Than Gas-Fired Electricity
Remarkably, in a world where dire warnings of the impact of climate change are issued daily, frequently in connection with the recent series of extraordinarily high temperature readings across much of North America and Europe, global demand for and usage of coal continues to soar. Quite understandably, coal prices — and the profits for coal miners […]
Alphabet: Analyst Consensus Points To Q2 Revenues Of $69.95 Billion
Alphabet (NASDAQ: GOOGL) will be reporting its second quarter financial results on July 26th after market close. Analysts have a consensus $153.83 12-month price target on the company, via a total of 50 analysts, with 15 analysts having strong buy ratings. 32 analysts meanwhile have buy ratings and three analysts have hold ratings. The street […]
Elon Musk Denies Alleged Affair With Google Co-Founder Sergey Brin’s Wife, Says It Was “Nothing Romantic”
The Wall Street Journal on Sunday released a paywalled report of the alleged affair that Elon Musk had with Google co-founder Sergey Brin’s wife Nicole Shanahan. The affair was brief, it said, but enough for Brin to file for divorce and later order his financial advisers to dump all personal investments in the companies owned […]
Top Tesla Analyst Says Apple’s “Gonna Do A Car”
Apple Inc. (Nasdaq: AAPL) could finally give Tesla (Nasdaq: TSLA) a real fight in the electric vehicle game, according to Morgan Stanley analyst Adam Jonas, who focuses on the latter. The mobile phone giant is reportedly working on releasing its first car model. “The message from Eric Woodring [Morgan Stanley analyst for Apple] and our […]
Hush Money: SEC Documents Show Vince McMahon Spent $14.6 Million In “Unrecorded Expenses”
World Wrestling Entertainment Inc. (NYSE: WWE) on Monday disclosed in a recent SEC filing previously unrecorded expenses amounting to US$14.6 million paid by Vince McMahon, who retired from his long-time post as CEO and Chairman on Friday. McMahon, who “voluntarily stepped back” from his executive duties in June, is currently being investigated in an independent […]
Treasury Secretary Yellen On Recession Fears: “We’re Not Seeing That Now”
While the US economy is not hitting its target growth, Treasury Secretary Janet Yellen believes the cooldown of the growth is necessary amid the rising inflation rate. However, Yellen believes that the downturn isn’t likely headed for a recession. “This is not an economy that is in recession,” Yellen said in an interview. “But we’re […]
BMO Reiterates $365 Price Target On Netflix Following Q2 Subscriber Beat
Last week, Netflix (Nasdaq: NFLX) reported its second quarter financial results. The company announced that revenues grew 9% to $7.97 billion, and noted that the growth would have been 13%, but they were impacted by a $339 million foreign exchange hit. They add that the growth was driven by a 6% and 2% increase in […]
Is The White House Attempting To Revise The Definition Of ‘Recession’ As Q2 GDP Report Looms?
As if bracing for impact, the White House on Thursday posted a blog tackling what constitutes a recession and its “official definition.” And right off the bat, they dump what’s perceived widely as the rule-of-thumb definition, which is two consecutive quarters of negative GDP. The White House cites the National Bureau of Economic Research (NBER) […]