Streetbeat News

Assets

MLYS

Mineralys Therapeutics has announced a significant financial move with a $120 million private placement financing. This influx of capital is aimed at supporting the company's ongoing and future projects, potentially accelerating its research and development efforts.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:14 pm

TNYA

Tenaya Therapeutics, Inc. (TNYA) announced a $50M underwritten offering of 8,888,890 shares at $4.50 each and pre-funded warrants for 2,222,271 shares at $4.499 each. The offering, managed by Leerink Partners, TD Cowen, and LifeSci Capital, includes participation from notable investors like BlackRock and RA Capital Management. It aims to fund Tenaya's mission to develop therapies for heart disease, with closing expected around February 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:04 pm

CRIS

As of December 31, 2023, Curis reported having $56.3M in cash, cash equivalents, and investments. The company anticipates that these resources will support its operations well into 2025.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 1:02 pm

GOLD

Barrick Gold Corporation announced an increase in its attributable proven and probable gold mineral reserves by 5.0 million ounces before accounting for 2023 depletion, emphasizing the maintenance of the quality of its mineral reserve base.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:14 pm

TROW

T. Rowe Price reported a significant increase in Assets Under Management (AUM) during Q4 2023, with a $98 billion rise, reaching a total of $1.445 trillion.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:07 pm

COP

ConocoPhillips has provided its 2024 outlook, projecting capital expenditures of $11.0 to $11.5 billion, and production guidance of 1.91 to 1.95 MMBOED. The first quarter of 2024 is expected to see production between 1.88 to 1.92 MMBOED. The outlook also includes adjusted operating costs of $8.9 to $9.1 billion, an adjusted corporate segment net loss of $1.0 to $1.1 billion, and depreciation, depletion, and amortization costs of $9.4 to $9.6 billion, excluding special items.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 12:05 pm

EMR

Four analysts have recently updated their ratings on Emerson Electric (NYSE:EMR), with a mix of bullish and neutral perspectives. The average 12-month price target is now $114.5, marking a 6.02% increase from the previous target of $108.00. Analysts from Keybanc, Mizuho, Wells Fargo, and UBS have adjusted their price targets and ratings based on Emerson Electric's performance and market conditions. Emerson Electric, known for its automation equipment and services, has shown strong financial performance with a notable revenue growth rate, high net margin, and effective debt management.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 12:00 pm

DFS

Discover Financial Services (NYSE:DFS) was analyzed by 14 analysts, showing a mix of bullish to bearish sentiments. Recent ratings indicate a shift towards a more cautious outlook, with a notable decrease in bullish ratings over the last 30 days. The average 12-month price target for DFS is $116.07, reflecting a 2.49% increase from the previous target. Analyst actions include both upgrades and downgrades, with price targets ranging from $94.00 to $140.00. Discover Financial's market performance indicators such as market capitalization, revenue growth, net margin, ROE, ROA, and debt management were also discussed, highlighting its strengths and areas for improvement.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 12:00 pm

WEX

WEX Inc. projects its 2024 revenue to be between $2.70B-$2.74B, aligning closely with the $2.73B consensus. Adjusted EPS is forecasted at $15.90-$16.40, slightly below the $16.26 consensus. Assumptions include average U.S. retail fuel prices of $3.50-$3.55/gallon, increased financing interest expense, and an adjusted net income effective tax rate of 25%. Approximately 42.7 million fully diluted shares are expected to be outstanding.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:41 am

SNA

Snap-on anticipates its capital expenditures to be between $100 million and $110 million for the year 2024.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:33 am