Latest news with #NationalBank
Yahoo
a day ago
- Business
- Yahoo
National Bank Downgrades Centerra Gold (CGAU) PT to C$14.75, Keeps Outperform Rating
Centerra Gold Inc. (NYSE:CGAU) is one of the cheap Canadian stocks to buy now. On July 16, National Bank adjusted its price target for Centerra Gold and lowered it from C$15.25 to C$14.75. Despite the slight downgrade, the bank maintained an Outperform rating on the shares and signaled continued confidence in Centerra Gold's prospects. In Q1 2025, the company showed gold production of ~60,000 ounces and copper production of 12 million pounds. The company ended the quarter with a strong cash position of $608 million. Adjusted net earnings for Q1 2025 were $26 million, or $0.13 per share. Sales included over 61,000 ounces of gold at an average realized price of $2,554 per ounce, and 12.1 million pounds of copper at an average realized price of $3.80 per pound. A closeup image of a miner holding a pile of gold nuggets, a representation of the company's royalty. Molybdenum sales reached ~4.2 million pounds at an average price of $21.59 per pound. Consolidated All-In Sustaining Costs on a byproduct basis were $1,491 per ounce. The company generated $10 million in free cash flow for the quarter, with Mount Milligan contributing $39 million from operations and $27 million in free cash flow, and Oksut contributing $50 million from operations and $42 million in free cash flow. Centerra Gold Inc. (NYSE:CGAU) is an energy company that acquires, explores, develops, and operates gold and copper properties in North America, Turkey, and internationally. It also explores for molybdenum deposits. While we acknowledge the potential of CGAU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
National Bank Lifts IAMGold (IAG) PT to C$16 From C$15
IAMGOLD Corporation (NYSE:IAG) is one of the cheap Canadian stocks to buy now. Earlier on June 24, National Bank increased its price target for IAMGold from C$15 to C$16, while maintaining an Outperform rating on the shares. This showed a positive outlook on the company's stock performance. In Q1 2025, the company showed attributable gold production of 161,000 ounces. Cash costs were $1,459 per ounce, and all-in sustaining costs reached $1,908 per ounce. Mine site free cash flow increased to $140 million in Q1 2025, up from $46 million in Q1 2024. The company reported revenue of $477.1 million from the sale of 174,000 gold ounces. A closeup view of a large gold mine, illustrating the company's gold properties. IAMGold delivered 37,500 ounces under gold prepay arrangements in Q1 2025, with 25,000 ounces remaining as of April this year. The average realized gold price, which includes the impact of gold prepays, was $2,731 per ounce, rising to $2,909 per ounce when excluding this impact. Production from Cote Gold was 73,000 ounces (on a 100% basis), Westwood produced 24,000 ounces, and Essakane contributed 86,000 attributable ounces. IAMGOLD Corporation (NYSE:IAG) is a gold producer and developer in Canada and Burkina Faso. While we acknowledge the potential of IAG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
CTV News
2 days ago
- Sport
- CTV News
Top tennis talent in Montreal for National Bank Open
Montreal Watch National Bank Open tennis tournament director Valerie Tetreault discusses what's in store this week and the tournament's future in Montreal.
CTV News
2 days ago
- Sport
- CTV News
Quebec's Eugenie Bouchard set to play final tournament at National Bank Open
Montreal Watch Quebec's Eugenie Bouchard is set to play her final tournament at the National Bank Open on Monday, as the premier Montreal tennis tournament begins.
CTV News
3 days ago
- CTV News
Vehicle belonging to police officer crashes into bank in Laval, catches fire
Laval police (SPL) are investigating after a vehicle belonging to a police officer crashed into a bank. (Laval fire department) Laval police (SPL) are investigating after a vehicle belonging to a police officer was driven into a National Bank location and caught fire. Police report that a 911 call at around 1 a.m. prompted officers to the National Bank on Montée du Moulin at Marcel-Villeneuve Avenue. 'The vehicle collided with the west facade of the building and caught fire,' said SPL spokesperson Erika Landry. 'The west facade of the National Bank also subsequently caught fire.' When police and firefighters responded to the scene, there was no one in the vehicle, which police confirmed belongs to a police officer from another jurisdiction. 'Two persons of interest were located a little further away and were met by our officers,' said Landry. 'They were released a short time later.' Landry said she could not confirm that the officer who owns the car was in the vehicle or whether one of the two suspects was a police officer. 'We are attempting to reconstruct the sequence of events,' she said. 'We have taken charge of the investigation, and several checks will be conducted in the coming hours.' The investigation is ongoing.
