Author: Multibagger News

On Friday, BMO Capital Markets maintained its positive outlook on GoGold Resources Inc. (GGD:CN) (OTC: GLGDF), reaffirming an Outperform rating and a Cdn$2.50 price target. The firm’s analysis came after GoGold’s second-quarter production results, which saw a 6.5% increase from the previous quarter, totaling 400.2 thousand ounces of silver equivalent (AgEq). The increase in production has been attributed to the introduction of a new zinc circuit at the company’s operations. The Definitive Feasibility Study (DFS) for the Los Ricos South project is expected to be released in early September. The study’s findings are anticipated to shift the mining strategy towards…

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Citigroup’s Q2 Financial Triumph: A Deep Dive into 60% Investment Banking Revenue Surge and Strategic Overhaul By Tatiana Bautzer and Manya Saini — Citigroup (NYSE: C) has exceeded Wall Street’s expectations for its second-quarter profit, driven by a remarkable 60% increase in investment banking revenue and robust performance in its services division. The third-largest U.S. bank reported a profit of $1.52 per share for the quarter ended June 30, surpassing analysts’ forecast of $1.39, according to LSEG data. Regulatory Challenges and Penalties Despite these stellar results, Citigroup faced a $136 million fine from U.S. regulators for insufficient progress in resolving…

As the world’s best investment manager and financial market’s journalist, I am here to bring you the latest news on Canadian home sales. According to data from the Canadian Real Estate Association (CREA), home sales in Canada saw a 3.7% increase in June compared to May. However, on an annual basis, there was a significant 9.4% decrease in home sales. The Home Price Index, which measures the change in housing prices, edged up by 0.1% on a monthly basis but showed a 3.4% decrease annually. Additionally, the national average selling price was down by 1.6% compared to the previous year.…

Biden’s Press Conference Review: UBS Strategists Analyze Performance President Biden’s highly anticipated press conference was marked by a review of the NATO Summit and a defense of multilateral engagement in American foreign policy. UBS strategists described his performance as “decidedly mixed,” with energetic comments on gun control overshadowed by missteps regarding his vice president’s capabilities and the upcoming convention. The president’s statement allowing delegates to vote freely may open the door for rule changes, potentially impacting the nomination process. Strategists warned that Biden’s verbal errors, such as referring to Vice-President Harris as “Vice-President Trump,” could fuel concerns about his mental…

Title: Donald Trump’s Support for Cryptocurrency Signals a Pivotal Moment for the Industry – Analysis and Breakdown In a groundbreaking announcement, former President Donald Trump is set to speak at an upcoming conference in Nashville, Tennessee, marking a pivotal moment for the cryptocurrency industry. Trump’s advocacy for a balanced regulatory environment and his opposition to central bank digital currencies have been praised by industry experts. Trump’s recent support for the crypto industry, including accepting cryptocurrency donations for his campaign, signals a commitment to the future of digital finance. This bullish stance positions the U.S. as a leader in blockchain technology…

Triple Flag Precious Metals Corp Receives Updated Price Target from Jefferies – What This Means for Investors On Friday, Triple Flag Precious Metals Corp. (NYSE:TFPM) saw its price target increased by Jefferies to $20.00, up from $19.00, with a Buy rating reiterated for the stock. This positive outlook is based on expectations of consistent earnings and improved cash flow compared to the first quarter, supported by preliminary sales and revenue figures shared by the company. Triple Flag’s Gold Equivalent Ounce (GEO) sales for the full year are expected to be evenly distributed, with the company on track to meet its…

Tesla Stock Slides Over 8% as Robotaxi Unveiling Postponed: UBS Downgrades to Sell In a recent report, Bloomberg revealed that Tesla’s much-anticipated Robotaxi unveiling has been delayed by two months, leading to a more than 8% drop in Tesla (NASDAQ:) shares. Originally set for August 8, the launch is now rescheduled for October to allow the development teams more time to finalize the prototypes. Following this news, Tesla stock continued to decline on Friday, with a 1.4% drop after UBS downgraded the stock from Neutral to Sell. UBS analysts highlighted the importance of Tesla’s growth initiatives beyond its core Auto…

Gold Prices Hit Record Highs Amid Economic Uncertainty – What Does This Mean for Your Investments? As the world’s best investment manager and financial market’s journalist, I am here to break down the recent surge in gold prices and how it can impact your finances. In mid-May, gold prices reached record highs due to strong safe haven and hedge fund purchases. This rally was fueled by expectations of rate cuts from central banks and increasing economic uncertainty, along with rising fiscal deficits leading to significant gold purchases in the OTC market. Despite positive real rates, gold continued to climb, defying…

Unveiling the Financial Impact of Euro 2024 and Copa America Finals: How Winning Could Boost Stock Markets By Marc Jones London (Multibagger) – As the anticipation builds for Sunday’s Euro 2024 final between England and Spain, and the Copa America showdown between Argentina and Colombia, investors might want to keep a keen eye on the potential market impacts. Historically, victorious nations in major football tournaments often see a substantial boost in their stock markets. Historical Market Performance Post-Euro Championship Wins Analyzing the last six Euro Championship winners, we observe a compelling trend. Nations like Greece, Spain, and Italy have historically…