Latest News for Austral Gold Stock (OTC:AGLDF)

Austral Gold Ltd is a precious metals mining and exploration company. It is engaged in the exploration and evaluation of mineral properties, gold, and silver production. The company has two operating segments, Guanaco/Amancaya which is based in Chile, and Casposo which is based in Argentina. The company generates the majority of its revenue from the Guanaco/Amancaya segment, particularly from Gold sales. The company exploration project includes Triassic Choiyoi Belt, Indio Belt, Deseado Massif.

AUSTRAL GOLD LTD ORD by Austral Gold Ltd.

Austral Gold Ltd

Cencora (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COR#NYSE">COR</a>) reported quarterly earnings of $3.80 per share which beat the analyst consensus estimate of $3.69 by 2.98 percent. The company reported quarterly sales of $68.400 million which missed the analyst consensus estimate of $70.653 billion by 99.90 percent.

Earnings

Earnings Beats

Earnings Misses

News

Cencora Q2 2024 Adj EPS $3.80 Beats $3.69 Estimate, Sales $68.400M Miss $70.653B Estimate

HC Wainwright &amp; Co. analyst Raghuram Selvaraju reiterates PolyPid (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPD#NASDAQ">PYPD</a>) with a Buy and maintains $14 price target.

Price Target

Reiteration

Analyst Ratings

PYPD

HC Wainwright & Co. Reiterates Buy on PolyPid, Maintains $14 Price Target

GTHX

G1 Therapeutics And Pepper Bio Announced A Global Licensing Agreement (Excluding The Asia-Pacific Region) For Lerociclib For All Indications Except For Certain Radioprotectant Uses

HC Wainwright &amp; Co. analyst Robert Burns maintains Elicio Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELTX#NASDAQ">ELTX</a>) with a Buy and lowers the price target from $11 to $10.

ELTX

HC Wainwright & Co. Maintains Buy on Elicio Therapeutics, Lowers Price Target to $10

XPeng Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) shares are<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">&nbsp;trading lower on Wednesday.</a>
The Chinese rival of EV giant&nbsp;Tesla, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) said that 9,393 vehicles&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/g38542669/xpeng-announces-vehicle-delivery-results-for-april-2024" rel="noreferrer noopener">were delivered in April, a 33% increase year-on-year</a>. The metric inched up 4% over the prior month.&nbsp;&nbsp;
In April, the monthly active user penetration rate of XNGP in urban driving scenarios reached 82%.
In the press release, XPeng&nbsp;highlighted its network-based planning and control model, XPlanner, which enhances the human-like capabilities of its XNGP ADAS.&nbsp;
The XPENG X9 achieved monthly deliveries of 1,959 units in April, with cumulative deliveries nearing 10,000 units since its launch, maintaining its position as the top-selling all-electric MPV in China.&nbsp;
Year-to-date, XPENG has delivered 31,214 Smart EVs, a 23% increase year-on-year.
Additionally, XPENG has unveiled a sneak peek of the AI Valet Driver, which harnesses advanced AI for exceptional visual perception and control.&nbsp;This feature&nbsp;is capable of memorizing and customizing&nbsp;up to 10 driving routes, each spanning 100km, ensuring seamless nationwide coverage even when XNGP is unavailable.
In addition, XPENG has introduced its latest brand, MONA (Made of New AI), which&nbsp;is&nbsp;set&nbsp;to launch in June 2024.
Price Action: XPEV shares are trading lower by 0.12% to $8.12 premarket at last check Wednesday. 
Photo by Koshiro K on Shutterstock

Equities

Markets

Movers

General

TSLA

XPEV

What's Going On With XPeng Stock Today?

WIIM

UUUU

Shares of uranium stocks are trading higher after the US Senate approved a bill to ban Russian uranium imports.

AUPH

Aurinia Pharmaceuticals Announced Several Initiatives To Improve Understanding Of The Seriousness Of Lupus Nephritis And The Need For Frequent Screening And Appropriate Management

BYON

Beyond Announced Its Partnership With Extend To Offer Customers Modern Shipping And Product Protection

Ares Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCC#NASDAQ">ARCC</a>) reported quarterly earnings of $0.59 per share which missed the analyst consensus estimate of $0.60 by 1.67 percent. This is a 3.51 percent increase over earnings of $0.57 per share from the same period last year. The company reported quarterly sales of $701.000 million which beat the analyst consensus estimate of $700.133 million by 0.12 percent. This is a 13.43 percent increase over sales of $618.000 million the same period last year.

ARCC

Ares Capital Q1 2024 Adj EPS $0.59 Misses $0.60 Estimate, Sales $701.000M Beat $700.133M Estimate

Raymond James analyst Ric Prentiss upgrades American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) from Outperform to Strong Buy and raises the price target from $226 to $248.

Upgrades

Raymond James Upgrades American Tower to Strong Buy, Raises Price Target to $248

Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) announced that its generative AI business has reached a "multibillion-dollar" revenue run rate, during the <a href="https://www.benzinga.com/news/earnings/24/04/38534302/amazon-q1-earnings-highlights-revenue-beat-eps-beat-aws-hits-100-billion-annual-run-rate-and-more">post-Q1 earnings call</a> on Tuesday.
What Happened: Amazon CEO Andy Jassy revealed the significant achievement during the company&#8217;s Q1 2024 earnings call.
The company&#8217;s generative AI business has been witnessing robust demand, with customers expressing interest in leveraging AI to transform their businesses and enhance customer experiences, Jassy said on the call.
Amazon's cloud computing business, Amazon Web Services (AWS,) is already growing faster than the company as a whole – AWS revenue surged 17% year-on-year in Q1 2024, while overall revenue grew 13%.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Now, Amazon has revealed that its AWS business is getting another boost thanks to generative AI. Its enterprise customers are "quite excited" about leveraging this leading-edge technology.
"Our AWS customers are also quite excited about leveraging gen AI to change the customer experiences and businesses. We see considerable momentum on the AI front where we&#8217;ve accumulated a multibillion-dollar revenue run rate already," Jassy said.
Amazon CFO Brian Olsavsky echoed Jassy's sentiments, adding, "We are seeing strong demand signals from our customers and longer deals and larger commitments, many with generative AI components."
See Also: <a href="https://www.benzinga.com/news/24/04/38521828/jensen-huangs-initial-nvidia-pitch-dubbed-one-of-the-worst-by-former-boss-yet-backed-by-belief-in-go">Jensen Huang&#8217;s Initial Nvidia Pitch Dubbed &#8216;One Of The Worst&#8217; By Former Boss, Yet Backed By Belief In &#8216;Godfather Of GPU&#8217;</a>
He added that going forward, this will further fuel capital expenditure growth – Amazon spent $14 billion in capex in Q1 2024, and Olsavsky expects it to be the "low quarter for the year."
"Those signals are giving us confidence in our expansion of capital in this area."
Why It Matters: The announcement comes on the heels of Amazon&#8217;s strong Q1 2024 earnings, where the company reported a <a href="https://www.benzinga.com/news/earnings/24/04/38534302/amazon-q1-earnings-highlights-revenue-beat-eps-beat-aws-hits-100-billion-annual-run-rate-and-more">revenue beat</a> and its AWS segment hitting a <a href="https://www.benzinga.com/news/24/04/38539518/amazons-andy-jassy-remains-bullish-on-aws-sees-very-large-opportunity-and-expects-meaningful-capex-i">$100 billion annual run rate</a>.
AWS's trailing 12-month revenue, at $94.4 billion, is higher than the revenue of 466 companies in the S&amp;P 500 index. Tesla Inc. CEO <a href="https://www.benzinga.com/news/24/05/38542692/tesla-ceo-elon-musk-is-impressed-by-the-fact-that-jeff-bezos-aws-12-month-revenue-is-higher-than-466">Elon Musk </a><a href="https://www.benzinga.com/news/24/05/38542692/tesla-ceo-elon-musk-is-impressed-by-the-fact-that-jeff-bezos-aws-12-month-revenue-is-higher-than-466">expressed surprise</a> at this, saying, "Wow."
Jassy also expressed optimism about the future of AWS, highlighting the potential for AWS and the rise of gen AI, which is expected to be predominantly cloud-based over the next 10 to 20 years, presenting a significant opportunity for AWS.
Price Action:&nbsp;At the time of writing, Amazon&#8217;s shares were up 2.45% in premarket trading on Wednesday, after closing at $175 on Tuesday, according to&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/04/38422652/jensen-huang-hand-delivers-nvidias-first-dgx-h200-gpu-to-openais-sam-altman-to-advance-ai-computing" target="_blank" rel="noreferrer noopener">Jensen Huang Hand-Delivers Nvidia&#8217;s First DGX H200 GPU To OpenAI&#8217;s Sam Altman To ‘Advance AI, Computing, And Humanity&#8217;</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Tech

AMZN

Amazon Says Generative AI Is Now A 'Multibillion-Dollar' Revenue Run Rate Business: 'Strong Demand Signals, Longer Deals, Larger Commitments' To Fuel Capex Growth

GOLD

Barrick Gold Announced That Its Subsidiary Barrick Gold Ltd. Has Entered Into An Exploration Earn-in Agreement With Geophysx Jamaica Ltd. With Respect To Certain Properties Located In Jamaica

Tesla shares are trading lower. CEO Elon Musk on Tuesday said the company still plans to grow the Supercharger network but at a slower place for new locations to focus on 100% uptime and expansion of existing locations.

CART

Instacart Expanded Omnichannel Partnership With The Save Mart Companies

GSK shares are trading higher as the company reported better-than-expected Q1 results and raised its 2024 core operating profit guidance.

HC Wainwright &amp; Co. analyst Swayampakula Ramakanth initiates coverage on Cyclo Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYTH#NASDAQ">CYTH</a>) with a Buy rating and announces Price Target of $3.

Initiation

CYTH

HC Wainwright & Co. Initiates Coverage On Cyclo Therapeutics with Buy Rating, Announces Price Target of $3

DuPont de Nemours shares are trading higher after the company reported better-than-expected Q1 financial results and raised FY24 outlook.

Management

HITI

High Tide Announced The Appointment Of Mayank Mahajan For The Role Of Chief Financial Officer

Cenovus Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVE#NYSE">CVE</a>) reported quarterly earnings of C$0.62 per share which beat the analyst consensus estimate of C$0.53 by 16.98 percent. This is a 93.75 percent increase over earnings of C$0.32 per share from the same period last year. The company reported quarterly sales of C$13.400 billion which missed the analyst consensus estimate of $14.134 billion by 5.19 percent. This is a 47.74 percent increase over sales of C$9.070 billion the same period last year.

Cenovus Energy Q1 2024 GAAP EPS C$0.62 Beats C$0.53 Estimate, Sales C$13.400B Miss C$14.134B Estimate

Second Quarter And Full Year 2024 Outlook
<table border="1" cellspacing="0" style="width:100%">
<tbody>
<tr>
<td style="text-align:left; vertical-align:middle">(in millions, except %&#39;s and per share data)</td>
<td colspan="2">Projection</td>
</tr>
<tr>
		</tr>
<tr>
<td>Item</td>
<td>Q2 2024</td>
<td>FY 2024</td>
</tr>
<tr>
		</tr>
<tr>
<td style="text-align:left; vertical-align:middle">Net Sales YoY%</td>
<td>3% - 5%</td>
<td style="text-align:center; vertical-align:middle">+LSD</td>
</tr>
<tr>
<td style="text-align:left; vertical-align:middle">Adjusted EBITDA</td>
<td>~$275</td>
<td>$1,050 - $1,080</td>
</tr>
<tr>
<td style="text-align:left; vertical-align:middle">Adjusted Diluted EPS</td>
<td>~$0.50</td>
<td>$1.90 - $2.00</td>
</tr>
<tr>
<td style="text-align:left; vertical-align:middle">Free Cash Flow</td>
<td>$425 - $475</td>
</tr>
<tr>
<td style="text-align:left; vertical-align:middle">D&amp;A (step-up D&amp;A)</td>
<td>~$280 ($50)</td>
</tr>
<tr>
<td style="text-align:left; vertical-align:middle">Tax Rate, As Adjusted</td>
<td>~25%</td>
</tr>
<tr>
<td style="text-align:left; vertical-align:middle">Diluted Shares Outstanding</td>
<td style="text-align:center; vertical-align:middle">~222</td>
</tr>
<tr>
<td style="text-align:left; vertical-align:middle">Interest Expense</td>
<td>~$210</td>
</tr>
<tr>
<td style="text-align:left; vertical-align:middle">Capex</td>
<td>~$165</td>
</tr>
</tbody>
</table>
LSD= low single digit

Guidance

AXTA

Axalta Coating Raises FY24 Adj EPS Outlook To $1.90 - $2.00, Up From $1.80 - $1.95 Prior, Vs. $1.89 Estimate

Press Releases

Austral Gold Obtains Takeover Option at Rawhide Mine

Austral Gold Secures US$0.6M Related Party Loan

Austral Gold Chair Retires; Mr. Elsztain Named Successor

Austral Gold Announces Results of Annual General Meeting

Austral Gold Provides Update on Rawhide Equity Investment

AGLDF

TSXV:AGLD

Austral Gold

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Latest News for Austral Gold Stock (OTC:AGLDF)

Tuesday, March 24, 2020