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DNN

GRDAF

Grounded Lithium Corp. (GLC) has entered into a strategic investment agreement with Denison Mines Corp (Denison), where Denison can earn up to a 75% interest in the Kindersley Lithium Project (KLP) by funding up to CAD$15.15M. The funds will advance the KLP, including a field pilot and other project expenditures. Denison will also become the KLP operator and has purchased a 5% gross overriding royalty on the KLP for CAD$800,000, which may reduce to 2% and be eliminated under certain conditions. The agreement includes three earn-in options, with Denison funding 100% of KLP expenditures during the earn-in period. The deal is subject to TSX Venture Exchange approval and GLC shareholder consent.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 3:05 pm

AXSM

Axsome Therapeutics (NASDAQ:AXSM) has received mixed analyst ratings over the past three months, with 6 analysts offering opinions ranging from bullish to bearish. The average 12-month price target for AXSM is $135.67, with a high estimate of $180.00 and a low of $108.00, indicating a 50.74% increase from the previous average target of $90.00. Analysts from firms including Piper Sandler, HC Wainwright & Co., Cantor Fitzgerald, and Citigroup have provided updates, with one raising the price target from $90.00 to $113.00. Axsome Therapeutics is a clinical-stage biopharmaceutical company focused on CNS disorders. Financially, the company has shown a significant revenue growth rate of 243.07% as of September 30, 2023, but struggles with profitability and efficiency, as indicated by its net margin of -107.62%, ROE of -22.69%, and ROA of -10.26%. Its debt-to-equity ratio of 0.69 is below the industry average.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 3:00 pm

GS

Goldman Sachs CFO has indicated on a conference call that the company plans to stay flexible regarding capital return due to the uncertainty surrounding the proposed Basel III regulations.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:53 pm

GS

During a conference call, the CEO of Goldman Sachs expressed confidence in the firm's platform, indicating a stronger position for the company in 2024.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:50 pm

VXRT

Vaxart, Inc. has announced a registered direct offering with RA Capital Management, involving the sale of 15,384,615 shares at a price of $0.65 per share. The gross proceeds from the offering are expected to be approximately $10 million, before expenses. Vaxart plans to use the net proceeds for general corporate purposes, such as working capital, operating expenses, and capital expenditures.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:27 pm

OGEN

Oragenics has filed with the SEC to offer shares of common stock, although the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:13 pm

LYFT

UBER

Uber Technologies Inc (NYSE:UBER) has seen a 117% increase in stock price over the past year, but technical indicators like a falling on-balance volume (OBV) suggest potential resistance and a possible price drop. Despite strong fundamentals and market dominance, Uber's high forward P/E ratio of 165 raises valuation concerns. Analysts from Needham and Goldman Sachs maintain buy ratings with price targets of $63 and $78, respectively. Lyft Inc (NASDAQ:LYFT) is mentioned as Uber's closest peer, which Uber has outperformed.

Portfolio Pulse from Surbhi Jain

January 16, 2024 | 2:11 pm

CMG

Since Pershing Square Capital, led by Bill Ackman, first invested in Chipotle Mexican Grill Inc (NYSE:CMG) in Q3 2016 at an average price of $435, the stock has seen a significant increase, now trading around $2,272. This represents a 471.5% return on investment, or a 73% CAGR. Chipotle is Pershing Square's top holding, making up 16.65% of its portfolio. Analysts remain bullish on CMG, with Oppenheimer, Stifel, and Barclays setting price targets of $2,525, $2,450, and $2,246 respectively.

Portfolio Pulse from Surbhi Jain

January 16, 2024 | 2:09 pm

GEVO

Gevo Inc has filed with the SEC for a mixed shelf offering, allowing the company to sell various types of securities up to a total of $750 million. This move could potentially dilute current shareholders but also provides the company with a mechanism to raise capital flexibly over time.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:07 pm

GOOGL

Google is using a special stock compensation pool to retain top AI researchers at its DeepMind unit, countering OpenAI's multimillion-dollar offers. Despite company-wide layoffs, select DeepMind researchers have received restricted stock grants worth millions to prevent talent migration to competitors like OpenAI.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:07 pm