15:34:29 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Great Canadian Gaming Corp
Symbol GC
Shares Issued 68,917,644
Close 2015-03-05 C$ 22.03
Market Cap C$ 1,518,255,697
Recent Sedar Documents

Globe says Great Canadian Gaming hiked to "outperform"

2015-03-06 07:14 ET - In the News

The Globe and Mail reports in its Friday edition that Raymond James analyst Kenric Tyghe thinks Great Canadian Gaming ($22.03) is "splitting aces." The Globe's David Kennedy and Tim Shufelt write in the Eye On Equities column that Mr. Tyghe hiked his rating to "outperform" from "market perform." At the company's River Rock facility in Richmond, B.C., revenues were up 26 per cent for the fourth quarter of 2014, and overall revenue rose to $115.7-million, allowing Great Canadian to beat estimates. Earnings per share came in at 31 cents, significantly above the 22-cent consensus. Mr. Tyghe raised his target on the issue to $24 from $20, expecting increasing revenues from River Rock and its high limit offerings in particular. Analysts on average target the shares at $22.25. Meantime, TD Securities also raised its rating on the stock to "buy" from "hold." TD's 12-month target price is $26 per share. The Globe's Craig McGee said buy Great Canadian Gaming in the Number Cruncher column on Nov. 20, 2014. The shares were then worth $21.52. The Globe's guest columnist Ian Tam was bullish on the stock in the Number Cruncher column on Jan. 15, 2015, and Feb. 12, 2015. The shares were then worth $19.98 and $19.40.

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