Top Wall Street analysts back stocks like Lyft and Square amid vaccine hopes

  • 📰 CNBC
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, like Square and Lyft

Ihle points to the company's third quarter results as a key component of his bullish thesis. Revenue came in at $199.7 million and net income attributable to shareholders clocked in at $13.5 million, or $0.03 per share, versus revenue of $161.5 million and a net loss attributable to shareholders of $19.7 million, or per share, in the prior-year quarter.

The strong showing came thanks to a 41% year-over-year increase in silver ounces sold, as well as 39% growth in the average realized silver price, with the figures landing at 3.1Moz and $25.32/oz, respectively. "The meaningfully better earnings were a result of the higher revenue figure as cost of sales remained mostly flat," Ihle commented. This performance prompted the company to bump up its consolidated FY20 silver production guidance to 12.8-13.4Moz, compared to the previous guidance of 12.4 – 13.0Moz.repaid its revolver. In Q1 2020, the company drew down $210 million from its credit facility in response to the coronavirus pandemic.

When it comes to Lucky Friday, its mine located in Idaho, management believes it will reach full capacity in Q4 2020 and expects to see production of over 3Moz of silver for FY21. "We note that Hecla believes Lucky Friday can produce about 5Moz annually in three to five years without significant capital outlays. The company is also analyzing other mining methods to improve safety and increase production from the site," Ihle said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Permabullshit

thanks for this news

Vaccine hopes? Buhahaha! They're not even sure how long vaccine immunity will last.

good luck

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street analysts say 'buy the dip' on stocks like Walmart and SquareNew for subscribers: Wall Street analysts say 'buy the dip' on stocks like Walmart and Square. Check out CNBCPro today. Pro thanks for this news Pro Financial advisors.. HUMBUG Pro Forget Square !!!! $TSNPD soon to be $HMBL on March 26 HumblNation HUMBLpay GeorgeASharp giotuny CunadobroBurner Rebecca741776 paulabinvest tweetiebiep
Source: CNBC - 🏆 12. / 72 Read more »