Silvercorp Metals Inc (TSX:SVM, AMEX:SVM) earned a repeat ‘Buy’ rating from Canaccord Genuity (TSX:CF, LSE:CF) analysts following the release of its year-end production results.
The analysts also reiterated their price target of C$5.50 for the Canadian miner, which produces silver, gold, lead and zinc in China. Silvercorp’s shares are currently trading at about C$4.
Analysts at PI Financial have reiterated their ‘Buy’ rating and C$1.75 price target for Wishpond Technologies after the marketing-focused business solutions provider posted strong fiscal 4Q and full-year 2023 financial results.
Wishpond’s Toronto-listed shares are currently trading at C$0.63.
Destiny Pharma made good progress across the late- and early-stage R&D pipeline over the past year, despite good cost control, says finnCap.
The house broker has a massive share price target of 285p, against 30.5p currently in the market, but said a lot of this has been derisked recently.
NOBLE Capital Markets analysts have initiated coverage on shares of game developer and publisher Snail, Inc (NASDAQ:SNAL) with an ‘Outperform’ rating and a “conservative” target price of $9 per share, saying the company has a broad range of opportunities to grow revenue through additional games, expansion packs, and alternative ways to use its IP.
The company's shares are currently trading at $1.35 on the Nasdaq.
Goodfood Market’s profitability improvements and strengthened balance sheet in the fiscal second quarter of 2023 have warranted a price target bump, according to analysts at Stifel GMP.
The analysts maintained their ‘Hold’ rating on the Montreal-based meal kit company and upped their price target from C$0.60 to C$0.65. Goodfood's Toronto-listed shares are currently trading at about C$0.58.
Analysts at Barclays said that Netflix Inc (NASDAQ:NFLX)’s paid sharing plan could be a “meaningful” new revenue driver, but the company still needs advertising and gaming to start contributing quickly.
Netflix has a paid sharing plan to deal with rampant account sharing: a program that lets subscribers pay extra to share their account with people outside their household.
Analysts at Couloir Capital believe a new mineral resource estimate (MRE) for Sonoro Gold’s flagship Cerro Caliche project in Mexico has highlighted the significant potential of the site, raising their fair value per share estimate for the stock.
“The average grade of Indicated Resources increased from 0.41 grams per tonne (g/t) gold to 0.44 g/t gold and Inferred Resources almost doubled from 71,000 gold ounces to 140,000 gold ounces,” the analysts wrote in a note to clients.
Agnico Eagle Mines Ltd (TSX:AEM) is a gold producer to watch following its acquisition of Yamana Gold (TSX:YRI, LSE:AUY), according to analysts at Stifel GMP.
The firm resumed coverage of Agnico with a ‘Buy’ rating and C$89 price target. Shares of Agnico traded 1.3% higher Wednesday afternoon at $77.53.
Analysts at Canaccord Genuity (TSX:CF, LSE:CF) have lowered their price target for Tilray Brands after the company announced it is acquiring its strategic partner HEXO for US$56 million in tandem with the release of its fiscal 3Q 2023 results earlier this week.
In a note to clients, the analysts wrote that their updated price target was US$4.25, down from US$5, with a ‘Buy’ rating. Tilray shares were trading down 2.8% at US$2.45 on Wednesday afternoon.
Glencore’s sweetened bid for integrated miner Teck Resources is a “sound strategic move,” according to Canaccord analysts.
Earlier this week, the commodities sweetened its offer to Teck Resource to make the Canadian group more amenable to its merger proposal.
Consumer technology company Concentrix is well on its way to becoming the top customer experience player globally, analysts at Canaccord believe.
Initiating coverage on the Nasdaq-listed stock, analysts slapped a Buy rating and US$150 price target on the Newark, California-based company.
Organigram’s latest quarterly results demonstrated the strength of its international sales growth while its performance in the recreational (REC) segment was weak, analysts at Stifel GMP highlighted.
In a note to clients, the analysts observed that the Moncton, New Brunswick-based cannabis producer's fiscal second quarter 2023 results were mixed, missing on revenues but with significantly higher than expected gross margins.
The UK government's world-first scheme to provide some smokers with a vape kit is a bold move that clearly has positive implications for vape sales and negative for tobacco, as well as potentially leading to other markets following suit, said analysts at Jefferies.
Under the new 'swap to stop' scheme, one in five of all smokers in England will be provided with a vape kit, including pregnant mothers, and there will be a consultation on mandatory cigarette pack inserts with messages and information to help people to quit smoking.
Inflation in the United States cooled further in March, with the consumer price index (CPI) rising 0.1% month-over-month after adding 0.4% in February.
For the 12 months to March 2023, inflation rose 5% after adding 6% in February, marking the smallest 12-month increase since the period ending May 2021.
STEP Energy is facing a challenging quarter for its US fracking business, analysts at Stifel GMP believe.
The energy company provided first quarter 2023 guidance that was below prior Stifel and consensus estimates, with EBITDAS expected between $43 million and $48 million, which is “well below” Stifel estimates of $57 million.
Analysts at Stifel increased their price target and reiterated their Buy rating on Teck Resources Limited following the copper-focused company’s plans to separate Teck into two separate companies, Teck Metals and Elk Valley Resources (EVR).
Teck has called on shareholders to vote on April 26 for their existing plan to separate Teck into Teck Metals and Elk Valley Resources (metallurgical coal).
Stifel GMP has maintained a ‘Buy’ rating and C$30 price target for Sleep Country Canada Holdings Inc after it announced its intention to acquire 100% of the Canadian assets of New York-based Casper Sleep Inc, an omni-channel retailer of mattresses and sleep accessories.
The US$20.6 million deal, announced Monday, comes at a price that appears attractive and could represent a multiple of roughly 0.35 times sales when adjusting for marketing contribution, inventory on hand and warrants received, Stifel analysts said in a client note on Tuesday.