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Revenues

GFI

Gold Fields (NYSE:GFI) has commenced production at its Salares Norte mine in Chile, marking a significant milestone with the first gold-silver doré pour. The project, which began over 13 years ago, represents a major investment exceeding $1 billion and is crucial for Gold Fields' goal of producing 2.8 million ounces of gold by 2025. Initial production is expected to be around 250,000 ounces this year, with a target of 580,000 ounces in full-year production next year. The mine is expected to create 900 permanent jobs, contribute nearly $800 million in taxes over its 11-year lifespan, and incorporate innovative technologies and environmental initiatives.

Portfolio Pulse from Stjepan Kalinic

April 03, 2024 | 8:40 pm

SLP

Simulations Plus has provided its financial outlook for FY24, projecting EPS in the range of $0.66-$0.68, closely aligning with the estimated $0.66. The company anticipates revenue to be between $66M-$69M, which brackets the estimated $67.160M.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:30 pm

BNL

Broadstone Net Lease (BNL) invested $40.1 million in Q1 2024, including development fundings and capital expenditures, primarily for a distribution facility in Sarasota, Florida. The facility, leased to UNFI for 15 years, is expected to open in Q3 2024 with a 7.2% stabilized yield. BNL has $282.7 million in committed investments and sold 37 healthcare properties for $251.7 million. The portfolio was 99.2% leased, with 99.0% of base rents collected.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:13 pm

SPWH

Sportsman's Warehouse (SPWH) projects FY24 revenue to be between $1.15B-$1.23B, below the estimated $1.29B. The company aims for adjusted EBITDA of $45M-$65M and plans $20M-$25M in capital expenditures, mainly on technology for merchandising and store productivity. No new stores are expected to open. SPWH reduced its line of credit by $59.4M in Q4, focusing on inventory and cost management to lower bank borrowings and interest expenses.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:07 pm

AMZN

LLY

NVO

Eli Lilly & Company (NYSE:LLY) is facing challenges in meeting the demand for its weight-loss treatments Mounjaro and Zepbound, with sales contributing significantly to its Q4 revenues. Despite expanding production, shortages are reported on Amazon Pharmacy and the FDA's list. Novo Nordisk (NYSE:NVO) faces similar issues with its obesity drugs. LLY stock has been trading sideways after a significant rise, while NVO also sees stock movement.

Portfolio Pulse from Neil Dennis

April 03, 2024 | 8:07 pm

TNDM

Recent analyst ratings for Tandem Diabetes Care (NASDAQ:TNDM) show a mix of opinions, with an average 12-month price target of $32.5, reflecting a 34.02% increase from the previous target. Analysts from Citigroup and Stifel have raised their price targets, indicating a positive outlook on the company's performance despite a -10.75% decline in revenue growth and challenges in profitability and debt management. Tandem Diabetes Care, known for its insulin pumps, has a significant market presence but faces financial performance issues.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 8:00 pm

BSX

In the past three months, 13 analysts have updated their ratings on Boston Scientific (NYSE:BSX), showing a predominantly bullish outlook. The average 12-month price target has been raised to $73.08, indicating a 12.09% increase from the previous target. Analysts from firms like Argus Research, Citigroup, and TD Cowen have raised their price targets, reflecting optimism about the company's future performance. Despite this, Boston Scientific's financial indicators such as ROE and ROA are below industry standards, and its revenue growth, while substantial, lags behind its peers in the Health Care sector.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 8:00 pm

TGS

Transportadora De Gas Del Sur (TGS) has agreed with ENERGAS on a 675% increase in natural gas transportation tariffs starting April 2024, with further monthly adjustments from May 2024. Additionally, TGS commits to an AR$27.69 billion investment plan in 2024.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 7:47 pm

HERTF

Heritage Cannabis Holdings Corp. (HERTF) announced it has sought creditor protection under the Companies Creditors Arrangement Act, due to financial difficulties. The company has entered into agreements to sell its real estate properties, aiming to reduce its term debt by approximately 64%. Despite a slight decrease in fourth-quarter revenue, Heritage reported a significant increase in gross margin. However, its shares plunged 76.67% following the announcement.

Portfolio Pulse from Jelena Martinovic

April 03, 2024 | 7:06 pm

AMZN

BofA analyst Justin Post reiterated a Buy rating on Amazon (AMZN) with a $204 price target, highlighting the company's adaptation in its grocery strategy. Amazon plans to replace its Just Walk Out technology with Dash Carts in most Fresh locations due to customer feedback favoring real-time spending tracking. The company is also focusing on revamping store features and expanding automated fulfillment centers to enhance online grocery delivery efficiency. These changes are part of Amazon's ongoing efforts to refine its grocery offerings and strategy, with potential for increased investment in 2024.

Portfolio Pulse from Anusuya Lahiri

April 03, 2024 | 6:15 pm