The immense amount of cash has reached three companies, namely Shopify, Air Canada and Barrick Gold. This has never been seen in the S & P / TSX Composite Index. This index is a price index that includes the 220 largest public companies on the Toronto Stock Exchange. The index level is only determined on the basis of the share prices.
The ecommerce company Shopify has seen a huge surge in revenue. Because Corona led to the introduction of online sales software and other services to the large revenues. It also sold shares worth $ 1.3 billion earlier this year. At the end of the third quarter, around eight billion CAD were in the till.
Air Canada was hit by the pandemic just like other airlines, but with new equity, new debt and expanded freight services, the company is doing well.
Barrick Gold is the second largest gold producer in the world and has achieved the huge cash position due to the strong gold price. In the third quarter of 2020, Barrick had cash flow of $ 1.3 billion. The dividend was increased. At the end of the third quarter, Barrick had cash of approximately $ 4.7 billion, or CAD 6.1 billion.
Gold companies are benefiting from the rise in gold prices this year and are seeing increased investor interest. Promising gold companies include Skeena Resources and Condor Gold.
Skeena Resources – https://www.youtube.com/watch?v=-Oc9PdaeFaU&t=116s – In the Golden Triangle in British Columbia, revives the formerly producing gold-silver mines Eskay Creek and Snip.
Condor gold – https://www.youtube.com/watch?v=T4GgvtzUpTk&t=133s – has just begun a diamond drilling program on its La India gold project in Nicaragua. The project, wholly owned by Condor Gold, covers 98 percent of the historic La India gold mining district.
Current company information and press releases from Skeena Resources (- https://www.resource-capital.ch/de/unternehmen/skeena-resources-ltd/ -).
In accordance with Section 34 of the WpHG, I would like to point out that partners, authors and employees can hold shares in the companies addressed and that there is thus a possible conflict of interest. No guarantee for the translation into German. Only the English version of these messages applies.
Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be assumed for damage caused by using this blog. I would like to point out that stocks and especially warrant investments are generally associated with risk. The total loss of the capital employed cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given for the correctness of any content. Despite the greatest care, I expressly reserve the right to make errors, particularly with regard to figures and rates. The information contained here comes from sources that are believed to be reliable, but do not claim to be correct or complete. Due to court judgments, the content of linked external pages is jointly responsible (e.g. Hamburg Regional Court, in the judgment of May 12, 1998 – 312 O 85/98), as long as no express distancing is made. Despite careful control of the content, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Personal-Financial.com AG also applies: https://www.resource-capital.ch/de/disclaimer-agb/
PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section.
PERSONAL-FINANCIAL.COM AG is not responsible for content that is recognizable by third parties in the “News” area
This website has been discontinued and does not adopt it as its own. These contents are in particular through
a corresponding “from” mark below the article heading and / or through the link
“To read the full article, please click here.” responsible for
this content is solely the named third party.