Latest news with #Denver-headquartered
Bloomberg
27-05-2025
- Business
- Bloomberg
Agnico Eagle's Ascent to Most Valuable Gold Stock Lifts Paulson
When billionaire hedge fund manager John Paulson's firm made a big bet on gold after the 2008 financial crisis, his fund picked several small- and mid-size gold miners. One of those is now vying to be the world's most valuable bullion stock. Toronto-based Agnico Eagle Mines Ltd. had a roughly $7.9 billion market capitalization when Paulson & Co. took a stake in the company. It's now worth about $59 billion in New York, with its market cap more than doubling since the beginning of 2024 alone. The gains mean the stock is virtually tied with Denver-headquartered Newmont Corp. as the world's most valuable gold-focused producer.
Globe and Mail
28-03-2025
- Business
- Globe and Mail
Goldman Sachs Maintains $80 Price Target for Palantir Stock as CoreWeave IPO Causes AI Rumble
AI stocks are in focus today after CoreWeave raised $1.5 billion in what was the biggest tech IPO in the U.S. since 2021. The AI cloud infrastructure company now trades on the Nasdaq Exchange as CRWV. CoreWeave's offering valued it at about $20 billion, highlighting continued interest in AI names. Still, Gabriela Borges – a Goldman Sachs analyst – remains 'neutral' only on a high-flying artificial intelligence company, Palantir (PLTR). Her $80 price target on PLTR signals potential downside of more than 10% from its previous close. Palantir stock is currently up well over 30% versus its year-to-date low. Palantir Stock Is Egregiously Overvalued Gabriela Borges continues to see Palantir as a distinguished name in the AI applications space. It's just the valuation tied to the data analytics firm that doesn't sit well with her. Palantir stock is currently going for more than 280 times its estimated earnings for 2025 versus 30 times for Microsoft (MSFT). Even the AI darling itself, Nvidia (NVDA), is priced at about 28 times forward at the time of writing. PLTR's high valuation is a significant concern particularly because experts are now projecting a tariffs-driven recession in the U.S. by the end of 2025. Overvalued stocks are often more sensitive to economic slowdowns, as they make it incrementally more difficult for these companies to meet inflated expectations. Plus, the Federal Reserve may not be able to lower interest rates this year if it sees undeniable signs of a recession ahead, which could further make high-flying names like Palantir less attractive for investors. Wall Street Is Keeping Cautious on PLTR Shares Goldman Sachs is cautious on Palantir stock also because President Donald Trump has recently hinted at a significant potential decline in defense spending over the next five years. If implemented, the defense budget cuts could prove a material headwind for PLTR, given defense contracts are a major source of revenue for the Denver-headquartered firm. In 2024, the Department of Defense contributed about 17% to Palantir's overall revenue. Note that Gabriela Borges is not the only analyst that's currently reserved on Palantir shares. Wall Street has a mean target of about $84 on PLTR, which is roughly in line with its current trading price.
Yahoo
25-02-2025
- Business
- Yahoo
Indoor park chain to open first Twin Cities playground next month
Minnesota's first Slick City Action Park, a slide-centered indoor park for kids, is ready to open. The 43,000-square-foot indoor slide park will open next month at 10900 Fountains Dr. in Maple Grove. The indoor park chain's newest location is locally owned by Annie and Mike Kelly, who discovered Slick City during a trip to St. Louis. They will operate the company's first franchisee-owned location. 'Our family immediately fell in love with Slick City and knew it would be a game-changer for Minnesota families looking for new, year-round entertainment,' Annie says. The Maple Grove hub will feature 14 slides, air courts for basketball and dodgeball, a zipline, a trapeze, and a five-level play area. It also has a 5,300-square-foot event space for parties. Founded in 2022, the Denver-headquartered company has 22 parks around the U.S. that are either already open or will be opening soon. Annie and Mike Kelly plan to open two more Twin Cities area locations in the near future. View the 13 images of this gallery on the original article
