October 15th, 2020 | 13:16 CEST
Bayer, Triumph Gold, BioNTech - decisive phase!
Almost everyone knows the philosophies proclaimed by the great and wise stock market gurus. “Never try catch a falling knife" or "buy on the sound of cannons, sell on the sound of trumpets”. What is true? In the case of Bayer, after the Monsanto disaster, possibly higher than planned fines and a cracking profit warning, one might think that everything has already been priced in. However, it is still not known how and when the Monsanto disaster will end. The fact is, there are other, more appealing papers at the moment ...
time to read: 2 minutes
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Author:
Stefan Feulner
ISIN:
CA8968121043 , DE000BAY0017 , US09075V1026
Table of contents:
Author
Stefan Feulner
The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
He is passionate about analyzing a wide variety of business models and investigating new trends.
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Trust from Switzerland
Despite a stable market environment, Bayer continued to move south. Dropping below the EUR 45.00 mark marked a 5-year low. The Leverkusen-based Company was encouraged by the Swiss, of all countries. The major Swiss bank UBS left the rating for Bayer at "Buy" with a price target of EUR 85.00. Despite the announced dividend cut, UBS does not necessarily see Bayer as lacking money. The analyst cites as the reason that the pharmaceutical giant only issued a bond with a volume of EUR 6 billion in August.
Besides, it would also be possible to generate cash by selling shares. Given the profit warning that was issued shortly before the issuing of the bond and the continuing uncertainty about possible fines, caution is still necessary at the current level.
Before all-time high
Everything else how bad things are going at the moment for the Mainz-based developer of a vaccine against the pandemic pathogen. The exploding COVID-19 infection figures are another reason why the Company is on everyone's lips.
The vaccine candidate BNT162, developed in cooperation with Pfizer, is currently being tested in final clinical trials. About 37,000 participants in the study have already received vaccinations, 28,000 have received two doses. There are 120 sites worldwide involved in this clinical study.
From a chartist's point of view, the upward trend, which has been in evidence since October 2019 and currently stands at EUR 55.00, is fully intact. If the positive news continues in the coming weeks, it is only a matter of time before the EUR 100.00 mark is reached and broken through.
Opportunity after consolidation
The stock of the Canadian gold explorer Triumph Gold also corrected sharply. In August 2020, the share price was at CAD 0.48, but now almost half of it is at CAD 0.25. The reasons for the fall to the south are, on the one hand, the weakening gold price and, of course, the still too weak sales due to the Company's high profile, this of course results in increased volatility, but also a great opportunity.
Triumph Gold Corp. is a growth-oriented Canadian gold exploration and development company with a large land package in the mining-friendly Yukon. The Company's flagship project, Freegold Mountain, is located in the Dawson Range. It hosts three NI 43-101 compliant mineral deposits. It covers an extensive area of the Big Creek Fault Zone, a structure similar to epithermal gold and silver mineralization, and gold-rich porphyry copper mineralization.
Successful Exploration Program
As of September 18, 2020, Triumph Gold announced that it had completed the fully funded exploration program PR20-07. The program included minor trenching and reconnaissance sampling, as well as 2,068 meters of diamond drilling. The partially near-surface surveys are now in the evaluation and analysis phase. According to Jesse Halle, Vice President of Exploration, several of the reconnaissance samples collected indicate that gold mineralization is much more widespread than previously thought. As a result, the 2021 exploration program is to expand.
Also noteworthy is the Canadian shareholder list, which includes known names. In addition to the Zijn Mining Fund, industry leader Newmont Mining is also a shareholder.
Conflict of interest
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