IAMGold responds to its new activist pressure

Activist investors make their money by targeting underperforming firms they feel would benefit from better management or assets sales. Here’s a look at how IAMGold is responding to its new activist pressure.
IAMGOLD, $3.91, is a buy. The miner (Toronto symbol IMG; TSINetwork Rating: Speculative) (www.iamgold.com; Shares outstanding: 476.9… Read More

Major Drilling’s revenue is rocketing

Major Drilling’s revenue is rocketing

Improved business in North, Central and South America led to an 68.9% jump in revenue for this company during the quarter ended July 31, 2021.

A new acquisition should further boost the company’s presence and earnings in Western Australia.

The stock trades at 18.1 times the company’s… Read More

Major is building on its 305% gain

MAJOR DRILLING, $9.16 (Toronto symbol MDI; TSINetwork Rating: Speculative) (www.majordrilling.com; Shares o/s: 82.0 million; Market cap: $805.4 million; No divd.) is a large contract driller that mainly serves the mining industry.
Demand for Major Drilling’s specialized drilling services, especially from senior gold producers, is beginning to… Read More