Endeavour Silver price target raised to C$6.25 from C$6 at BMO Capital » 13:0804/0904/09/21
BMO Capital analyst Ryan…
BMO Capital analyst Ryan Thompson raised the firm's price target on Endeavour Silver to C$6.25 from C$6 and keeps a Market Perform rating on the shares.
Osisko Gold releases ESG report » 08:1004/0804/08/21
Osisko Gold Royalties is…
Osisko Gold Royalties is pleased to announce several positive steps towards its ongoing commitment to environmental, social and governance matters. These include the release of an inaugural ESG report, commitment to the United Nations Global Compact, and an investment and strategic partnership to promote global decarbonization and biodiversity efforts through carbon credit streaming transactions. Osisko's goal, with the release of its ESG report, is to facilitate ongoing discussions of our risk management processes and help stakeholders assess our relative exposure to, and performance managing, ESG issues. In addition to a discussion of corporate governance practices, the report provides a focused review of how Osisko assesses potential investments through its diligence process and monitors existing assets to ensure the Corporation is well positioned to deliver growth responsibly. Osisko is also proud to announce a strategic partnership with Carbon Streaming to help promote global decarbonization and biodiversity projects. The group's management team consists of seasoned executives with significant streaming expertise and recognized climate change experts. Carbon Streaming's business model is to fund carbon-offset projects that avoid, reduce or remove GHG emissions globally. Osisko's investment totaled C$3.5 million for a 14.3% partially diluted stake in the company, which has been able to raise approximately C$36 million privately. The investment affords Osisko a 20% right to participate in any streaming transactions conducted by Carbon Streaming under certain circumstances Beyond the potential to offset the Corporation's indirect carbon emissions, Osisko expects potential synergies with current and future mine operators in its traditional royalty business. Mining operations afford significant opportunities to generate carbon credits through ancillary projects that are value enhancing for the mine, the neighboring communities and the environment overall.
Endeavour Silver reports Q1 silver production up 22%, gold production up 31% » 06:5404/0804/08/21
Endeavour Silver reports…
Endeavour Silver reports production of 1,048,100 silver oz and 11,109 gold oz in Q1, for silver equivalent production of 1.9 million oz at an 80:1 silver:gold ratio. Silver production increased 22% and gold production increased 31% compared to 1Q20, due primarily to higher ore grades mined and processed. Consolidated Production is on plan as silver equivalent production at each mine is on track to meet or exceed 2021 production plans. Sold 623,379 oz silver and 10,663 oz gold, held 523,235 oz silver and 1,123 oz gold of bullion inventory and 6,582 oz silver and 566 oz gold in concentrate inventory. Management withheld metal from sale during the price correction over last two weeks of March and plans to sell the withheld metal inventory in anticipation of a precious metal prices rebound in Q2. Advanced sale of the El Cubo mine in Guanajuato, Mexico to VanGold Mining Corp for $15M in cash and share payments, with up to $3M in contingent payments. The transaction is anticipated to close in April.
Osisko Gold price target raised to C$28.50 from C$27.50 at Scotiabank » 10:5204/0604/06/21
Scotiabank analyst Trevor…
Scotiabank analyst Trevor Turnbull raised the firm's price target on Osisko Gold to C$28.50 from C$27.50 and keeps an Outperform rating on the shares.
|Over a week ago|
Unusually active option classes on open April 1st » 09:4004/0104/01/21
FTFT, LAC, TSM, FNKO, QS, CHPT, BLNK, GOOGL, JNJ
Unusual total active…
Unusual total active option classes on open include: Future FinTech Group (FTFT), ProShares UltraPro Short Russell 2000 (SRTY), Lithium Americas (LAC), Taiwan Semi (TSM), Funko (FNKO), Quantumscape (QS), ChargePoint Holdings (CHPT), Blink Charging (BLNK), Alphabet Class A (GOOGL), and Johnson & Johnson (JNJ).
Lithium Americas call volume above normal and directionally bullish » 12:2503/3103/31/21
Bullish option flow…
Bullish option flow detected in Lithium Americas with 8,311 calls trading, 3x expected, and implied vol increasing over 1 point to 86.50%. Apr-21 15 calls and Apr-21 17.5 calls are the most active options, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 0.13. Earnings are expected on May 6th.
Fly Intel: Top five analyst initiations » 09:5403/3103/31/21
ZM, LAC, XYL, BMI, BMBL
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Zoom Video (ZM) initiated with a Sell at Daiwa. 2. Lithium Americas (LAC) initiated with a Buy at B. Riley Securities. 3. Xylem (XYL) initiated with an Overweight at Morgan Stanley. 4. Badger Meter (BMI) initiated with an Underweight at Morgan Stanley. 5. Bumble (BMBL) initiated with a Hold at Loop Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
B. Riley starts Lithium Americas at Buy, sees 79% potential upside » 08:0103/3103/31/21
B. Riley Securities…
B. Riley Securities analyst Lucas Pipes initiated coverage of Lithium Americas with a Buy rating and $25 price target. While Lithium Americas is still pre-revenue, the company is nearing completion of the Cauchari-Olaroz project, a 49% owned lithium brine project in Argentina, Pipes tells investors in a research note. Lithium Americas is also developing a U.S.-based lithium resource called Thacker Pass. While this project is longer-term in nature, it offers "equally compelling economics and fits well into our broader thesis of 'lithium regionalization,'" says the analyst. Pipes says that at the current spot price of $13.95, he sees roughly 79% potential upside from current levels.
Lithium Americas initiated with a Buy at B. Riley Securities » 04:4903/3103/31/21
B. Riley Securities…
B. Riley Securities initiated coverage of Lithium Americas with a Buy rating and $25 price target.
Endeavour Silver announces board and top management changes » 06:5103/3003/30/21
Endeavour Silver announces its forthcoming board and management succession plans. In anticipation of the re-election of the current directors as proposed in the Management Information Circular for the Annual General Meeting, or AGM, of Shareholders to be held on May 12, Geoff Handley, Chair of Endeavour, plans to step down as the Chair of the Board of Directors but will remain active as a Director. Rex McLennan will become the Lead Independent Director at that time. Bradford Cooke, CEO and Director, has been invited by the Board to assume the role of Executive Chair of Endeavour, and plans to step down as the CEO immediately following the AGM. Dan Dickson, CFO, has been nominated to assume the role of CEO of Endeavour, and Christine West, Vice President Controller, has been nominated to assume the role of CFO of Endeavour.