October 23rd, 2020 | 10:40 CEST
BYD, Blackrock Gold, Ballard Power - These shares take off!
Oops!... he did it again! Elon Musk continues to ride the wave of success with his Tesla and has repeatedly been able to show strong figures despite the current pandemic. A strong signal for the electric car industry, both for the car manufacturers and the suppliers behind it. The share prices on the overall market were not as strong. The fear of the second wave is mentioned here as the main reason. On the other hand, stocks from the gold and silver sector are once again coming to the fore. The chance of new highs is a given due to the current uncertainty.
time to read: 2 minutes
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Author:
Stefan Feulner
ISIN:
CA09258M1014 , CNE100000296 , CA0585861085
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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Elon lets the muscles play
"The third quarter was the best in our history," the exceptional founder said happily after presenting the financial report in a conference call with financial analysts. For the fifth quarter in succession, the pioneer of the electric vehicle was able to report positive figures, and the ambitious annual targets are confirmed. Despite the Corona crisis, the Americans are confident of delivering half a million vehicles this year.
In the course of the year to date, deliveries have totaled 320,000 cars, with just under 140,000 units delivered in the 3rd quarter alone. Sales shot up by 39% to USD 8.8 billion, setting a new record. In the current fiscal year, a net profit of USD 331 million has been achieved.
Faster, bigger, further
To supply the purchase-hungry customers, the US-Americans push the expansion further. In addition to Gigafactory Europe in Grünheide near Berlin, the Californian Company wants to quickly build another car plant in Austin, Texas, where the Model Y compact SUV and the planned Cybertruck will roll off the assembly line. Production at the Chinese plant in Shanghai is also to be ramped up quickly. It would not be Elon Musk if the bar is not set significantly higher in 2021. The ambitious goal is to deliver up to one million vehicles.
Competition delighted
The Chinese e-car manufacturer BYD also benefited from the strong quarterly figures of the industry leader. Despite the weak overall market, the share price moved up by almost 8% to over EUR 16. This also represents an all-time high for the competitor. The Chinese also recently reported disproportionately strong quarterly figures. For the third quarter, they are expecting a net profit of up to 3.6 billion Yuan after 1.57 billion Yuan in the previous year, which represents an increase of around 128%. Earnings per share are expected to be between 1.18 and 1.25 yuan, also more than double the previous year's figure (0.51 yuan).
Second chance?
The current consolidation is hitting the broad market and is not stopping at industry leaders such as Plug Power, Ballard Power, or Nel Asa. Also, the already taken place adjustment on the gold market drove fundamentally promising values down. For example, Blackrock Gold Corp, after a rise to over CAD 1.60, had to let down feathers despite excellent news. Currently, the Canadian Company, which is engaged in the acquisition, exploration, and development of mineral properties in Nevada, is trading at CAD 0.87. A second chance? According to the latest results, there is at least some potential here.
Strong outlook
Last week, the Company released positive drill results. Recent drilling at the Tonopah West Project in Nevada returned results of 26 g/t gold (Au) and 2,030 g/t silver (Ag). According to the Company, these are the highest mineralization values in the current drill program. More news is to follow in the coming weeks.
Spin-off offers imagination
Blackrock Gold's Board of Directors is currently reviewing a proposal to transfer the Company's Silver Cloud property located in northern Nevada to a new subsidiary as a SpinCo.
Andrew Pollard, President and Chief Executive Officer, stated, "With gold hovering near all-time highs and our Tonopah West property dominating the show, we see this as the perfect backdrop to unlock value for investors by spinning out what was once our flagship property, Silver Cloud, into a separate, discovery-oriented public company (...)."
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