Mako Mining Stock (OTC:MAKOF), Trade Ideas

Mako Mining Corp is a gold mining, development, and exploration firm. The Company's primary asset is the San Albino mine, an open-pit mine located in Nicaragua. In addition to its mining operation, the company continues to explore its other concessions in Nicaragua.

Mako Mining Corp

News

Valero Energy Says Startup Of Diamond Green Diesel Sustainable Aviation Fuel Project Expected In Q4 2024

Government

Contracts

General

Parsons Has Been Awarded $63M, Firm-Fixed-Price Contract Modification To Its Recovery Of Airbase Denied By Ordnance Production Contract By U.S. Air Force Life Cycle Management Center. This Modification Brings Total Number Of Air Force RADBO Systems To 29

B of A Securities analyst Christopher Nardone downgrades Deckers Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) from Buy to Neutral and lowers the price target from $875 to $860.

Downgrades

Price Target

Analyst Ratings

DECK

B of A Securities Downgrades Deckers Outdoor to Neutral, Lowers Price Target to $860

Guidance

GE Vernova Reaffirms 2024 Guidance For Revenue $34B-$35B vs $34.75B Est. Free Cash Flow $0.7-$1.1B

&nbsp;This agreement distinguishes WEX as Booking.com&#39;s preferred virtual card provider as it continues providing WEX payment solutions in support of Booking.com&#39;s payments vision to make buying and selling travel-related products and services easier for everyone.&nbsp;Booking.com first became a WEX customer in 2013. Over a decade later, WEX now processes payments for Booking.com across the world.

BKNG

WEX Reaches New Long-Term Agreement With Booking.com, Effective April 2024

Valero Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>) reported quarterly earnings of $3.82 per share which beat the analyst consensus estimate of $3.24 by 17.9 percent. The company reported quarterly sales of $31.76 billion which missed the analyst consensus estimate of $33.09 billion by 4.02 percent. This is a 12.84 percent decrease over sales of $36.44 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Valero Energy Q1 2024 Adj EPS $3.82 Beats $3.24 Estimate, Sales $31.76B Miss $33.09B Estimate

Stephens &amp; Co. analyst Jim Salera maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Equal-Weight and raises the price target from $3010 to $3050.

Stephens & Co. Maintains Equal-Weight on Chipotle Mexican Grill, Raises Price Target to $3050

GE Vernov Q1 2024 Adj EPS $(0.41) Misses $(0.37) Estimate, GAAP Total Revenues $7.260B vs $7.337B Estimate, Organic Revenues $7.169B

WIIM

TAL Education shares are trading higher following better-than-expected Q4 financial results.

New Oriental Education & Technology Group

New Oriental Education shares are trading higher as the stock rebounds following Wednesday's drop.

Barclays shares are trading higher following Q1 financial results.

Teradyne shares are trading higher following better-than-expecteed Q1 earnings and strong Q2 guidance.

HashiCorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>) shares are trading higher in the premarket session on Thursday, while&nbsp;International Business Machines Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>)&nbsp;<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">shares are slumping</a>.
Yesterday, IBM announced that it&nbsp;<a href="https://www.benzinga.com/pressreleases/24/04/n38415334/ibm-to-acquire-hashicorp-inc-creating-a-comprehensive-end-to-end-hybrid-cloud-platform" target="_blank" rel="noreferrer noopener">entered into a definitive agreement</a>&nbsp;to acquire&nbsp;HashiCorp for&nbsp;$35&nbsp;per share in cash, representing an enterprise value of&nbsp;$6.4 billion.
According to&nbsp;<a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, HCP stock has gained over 18% in the past year.
The acquisition will create the opportunity to deliver more comprehensive hybrid and multi-cloud offerings to enterprise clients.&nbsp;This&nbsp;will enhance IBM&#8217;s ability to address the total cloud opportunity, which had a TAM of&nbsp;$1.1 trillion&nbsp;in 2023, with a compound annual growth rate in the high teens through 2027.
The boards of directors of IBM and HashiCorp have both approved the transaction.&nbsp;
&#8220;The global excitement surrounding generative AI has exacerbated these challenges&nbsp;and&nbsp;CIOs and developers are up against dramatic complexity in their tech strategies,&#8221; said&nbsp;Arvind Krishna, IBM chairman and chief executive officer.
It&nbsp;is anticipated&nbsp;that the transaction will&nbsp;be accretive to Adjusted EBITDA within the first full year,&nbsp;post close, and free cash flow in year two.
The acquisition is subject to approval by HashiCorp shareholders. The transaction&nbsp;is expected&nbsp;to close by the end of 2024.
Price Action: IBM shares are trading lower by 8.96% to $167.61 premarket at last check Thursday, while HCP shares are trading higher by 4.7% to $32.90.
Credit: Shutterstock

Equities

Markets

Movers

What's Going On With HashiCorp Shares After Getting Takeover Deal From IBM?

TJX Companies shares are trading higher after Goldman Sachs upgraded the stock from Neutral to Buy and raised its price target from $100 to $110.

Brunswick Sees FY24 Adj EPS Of $7.00 - $8.00 Vs. $7.42 Est.

Brunswick Sees FY24 Net Sales Of $6.0B - $6.2B Vs. $6.03B Est.

Cemex announced today that its subsidiary, Cemex Asia B.V., has signed an agreement with DACON Corporation, DMCI Holdings, Inc. and Seminara Mining&nbsp;&amp; Power Corporation for the sale of its operations and assets in the Philippines. Once closed, this transaction will further advance Cemex&rsquo;s portfolio rebalancing strategy.

The assets to be sold by Cemex Asia B.V. consist of&nbsp;100% equity interest in Cemex Asian South East Corporation, which owns approximately 89% of Cemex Holdings Philippines, Inc. (&ldquo;CHP&rdquo;), which is listed on the Philippine Stock Exchange, Inc., for a purchase price resulting from deducting from an enterprise value of US$660 million the net debt and the 10.14% minority interest in CHP. CHP is the owner of Cemex&rsquo;s main operating subsidiaries in the Philippines, APO Cement Corporation and Solid Cement Corporation, which are engaged in the production, sale, and distribution of cement and other buildings materials in the Philippines.

The assets to be sold by Cemex Asia B.V. also consist of&nbsp;40% indirect equity interest in each of APO Land &amp; Quarry Corporation (&ldquo;ALQC&rdquo;) and Island Quarry and Aggregates Corporation (&ldquo;IQAC&rdquo;), for a purchase price to be paid to Cemex of 40% of an aggregate enterprise value of US$140 million.

Cemex Plans To Divest Operations In Philippines, Expects To Finalize Transaction Before Year-end, Proceeds Raised To Fund Company's Bolt-on Investment Growth Strategy In Key Market, Reduce Debts

The Black Lake Uranium Project consists of 20 mining claims covering 18,908 hectares and is divided into the following four projects, Higginson Lake, Charlebois Lake, Fisher Hayes and Spreckley Lake. The consideration includes Initial Cash Payment&nbsp;plus&nbsp;Initial Issuance of Snow Lake Shares and&nbsp;Milestone Payment of Snow Lake Shares.

LITM

Snow Lake Resources Enters Binding LoI With Shareholders Of A Private Australian Company To Acquire 100% Interest In Black Lake Uranium Project

ALGN

Align Technology shares are trading higher after the company reported better-than-expected Q1 financial results.

Meta Platforms shares are trading lower after the company reported Q1 financial results and increased its 2024 capex and expense forecasts.

Mako Mining GAAP EPS of $0.02, revenue of $15.81M

Precious Metals Royalty And Streaming Companies: The May Report

Mako Mining reports Q2 results

Precious Metals Royalty And Streaming Companies: The August Report

Precious Metals Royalty And Streaming Companies: The September Report

Mako Mining says September production reaches 3,817 Au Oz

Mako Mining reports Q3 results

Mako Mining: It's Time To Leverage Up On Gold

Precious Metals Royalty And Streaming Companies: The November Report

Mako Mining GAAP EPS of $0.15, revenue of $26.5M

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Press Releases

Mako Mining Is on Track for Record Gold Sales in Q4 2023 With Significantly Improved Balance Sheet

Mako Mining Announces Record Q4 2023 Production Results

Mako Mining Announces Graduation To Tier 1 Status on the TSX Venture Exchange

Mako Mining Intersects 51.78 g/t Au over 3.9 m (Estimated True Width) at Las Conchitas, 62 m from Surface, Outside of Current Mineral Resource Estimate

Mako Announces Settlement and Release Agreement With GR Silver

Mako Mining Intersects 13.43 g/t Au and 36.8 g/t Ag over 9 m (Estimated True Width) at Las Conchitas, 57m from Surface, Outside of Current Mineral Resource Estimate

Mako Mining to Acquire Goldsource Mines Creating a Scalable Diversified Gold Producer with a Platform for Growth

Mako Mining Completes Settlement with GR Silver and Wexford Loan Extension

Mako Mining Reports Fourth Quarter and Full Year 2023 Financial Results, Including Q4 EPS of US$0.145 /share and Q4 Gold Sales of 13,481 Oz at $817/oz AISC