21P.F - Aurora Cannabis Inc.

Frankfurt - Frankfurt Delayed Price. Currency in EUR
2.1000
-0.5000 (-19.23%)
At close: 7:57PM CET
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Previous Close2.6000
Open2.5000
Bid2.0980 x N/A
Ask2.1180 x N/A
Day's Range2.0645 - 2.6095
52 Week Range2.0645 - 9.0800
Volume222,861
Avg. Volume81,133
Market Cap2.086B
Beta (3Y Monthly)1.97
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (17,025.11, down 3.36 points.)Aurora Cannabis Inc. (TSX:ACB). Health care. Down 59 cents, or 16.43 per cent, to $3.00 on 28.7 million shares.Encana Corp. (TSX:ECA). Energy. Down 26 cents, or 4.51 per cent, to $5.50 on 6.8 million shares.Aphria Inc. (TSX:APHA). Health care. Down 62 cents, or 10.97 per cent, to $5.03 on 6.7 million shares.The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Down five cents, or 7.14 per cent, to 65 cents on 5.6 million shares.OceanaGold Corp. (TSX:OGC). Materials. Up six cents, or 2.31 per cent, to $2.66 on 4.1 million shares.Canopy Growth Corp. (TSX:WEED). Health care. Down $1.51, or 7.44 per cent, to $18.78 on 4 million shares. Companies in the news:Canadian National Railway. (TSX:CNR). Down 18 cents to $123.76. About 3,200 Canadian National Railway conductors, trainpersons and yard workers could go on strike just after midnight tonight in a job action that would affect freight services if a deal isn't reached with the company. Passenger rail services in the country's three biggest cities would not be affected, the union said. The Teamsters Canadian Rail Conference, the union representing the employees, gave the required 72-hour strike notice on the weekend. The union said it hopes to reach an agreement before the deadline to address safety and scheduling issues, but workers are prepared to walk off the job if their expectations aren't met.Aimia Inc. (TSX:AIM). Up 30 cents or 8.3 per cent to $3.93. Aimia Inc. has reached a deal with a group of dissident shareholders to overhaul its board of directors, ending a drawn-out fight over control of the company. The agreement also includes a plan by the company to buy back up to $125 million worth of Aimia's shares by Dec. 30. The deal marks a partial surrender to the group led by Charles Frischer, who had sought to overthrow half of Aimia's eight-member board, and to Philip Mittleman, the company's largest shareholder who was locked in a court battle with Aimia. All of the company's directors excluding Mittleman and chief executive Jeremy Rabe have confirmed they will not stand for election to the board at the company's 2020 annual meeting, to be held before May.Western Forest Products Inc. (TSX:WEF). Down four cents or 3.1 per cent to $1.23. Western Forest Products Inc. says negotiations with the United Steelworkers union representing workers in a long-running coastal B.C. strike ended without resolution on the weekend. The company says no active negotiations are occurring and no future mediation dates have been scheduled after 14 hours of bargaining occurred on Saturday and Sunday supervised by two independent mediators. CEO Don Demens says the mediators informed the company talks were over after it presented a contract offer. The strike which began July 1 affects about 3,000 coastal forest workers employed in Western Forest Products' sawmills and timberlands operations.Barrick Gold Corp. (TSX:ABX). Up 42 cents or 1.9 per cent to $22.33. Shares in Barrick Gold Corp. rose on Monday after the company announced plans to sell its 50 per cent non-operating interest in an Australian gold mine for US$750 million in cash. The deal to sell its stake in Kalgoorlie Consolidated Gold Mines in Western Australia — which includes the country's largest open pit gold mine, The Super Pit, as well as underground and processing works — to Australian gold miner Saracen Mineral Holdings Ltd. was announced on Sunday. This report by The Canadian Press was first published Nov. 18, 2019.The Canadian Press

  • Another Week in Red for Cannabis Investors as Earnings Disappoint
    The Motley Fool

    Another Week in Red for Cannabis Investors as Earnings Disappoint

    Here's a look at Aurora Cannabis stock's massive decline post-earnings.

  • Aurora shares sink on weak results and halting construction of cannabis plants
    The Canadian Press

    Aurora shares sink on weak results and halting construction of cannabis plants

    Aurora Cannabis Inc. shares sank to a two-year low Friday after its revenues missed expectations and the pot producer announced it was halting construction at one production facility and pausing work at another to save more than $190 million in planned expenses.The Edmonton-based company's shares fell to a low of $3.57 and closed down 79 cents or 18 per cent to $3.59 in trading on the Toronto Stock Exchange.Aurora announced after markets closed on Thursday that it will immediately cease construction of its Aurora Nordic 2 facility in Denmark to save about $80 million over the next year, as well as indefinitely defer completion of construction and commissioning at its Aurora Sun facility in Alberta to conserve $110 million."We're making sound decisions in reducing capex based on global demand," founder and CEO Terry Booth said during a conference call.The company said it is adjusting the construction timeline for both facilities to more closely align with its expectations for the timing of increasing Canadian and international demand."The past few months have been challenging for the broader cannabis industry between issues of governance, evolving consumer demand and provincial retail bottlenecks, there's been no shortage of negative news," added chief corporate officer Cameron Battley."That said, I want to reiterate that our view of the opportunity in the Canadian and global cannabis industry is still extremely robust. It's important to remind ourselves that the Canadian consumer market is just over a year old. These issues will take a little time to resolve. But in the end, we'll be a stronger business because of it."The construction decisions come as the company reported net income of $10.4 million for the quarter ending Sept. 30, compared with net income of $104.2 million for the same quarter last year.Aurora missed expectations as its adjusted earnings before interest, depreciation and amortization (EBITDA) was negative $39.7 million for its first quarter of fiscal 2020. That compared with a loss of $67.6 million a year earlier and a loss of $11.7 million the fourth quarter ended in June.Revenues were $75.3 million in the first quarter, up from $29.7 million for the same quarter last year, but down from the $94.6 million in the prior quarter.Analysts had expected adjusted EBITDA loss of $18.6 million and revenue of $93.31 million, according to financial markets data firm Refinitiv.While medical marijuana sales grew three per cent from the fourth quarter as the number of patients hit a record 91,000, consumer cannabis sales dropped 33 per cent on slowing demand from provinces as they work through high inventory levels.Analyst John Chu of Desjardins Capital Markets slashed his target price for Aurora by more than half to $6.50 per share after cutting his sales and EBITDA forecasts following Aurora's release of its first-quarter results."We still believe there remains tremendous growth in the sector and have maintained similar year-over-year sales growth rate estimates for our fiscal year 2021-2023 forecast periods, but operating off a lower base following the soft first quarter results," he wrote in a report, adding that he's maintaining his buy rating."Aurora is generating industry-leading gross margins, improving cost per gram and has award-winning strains that should continue to resonate with consumers."Despite some of the negative results, Battley said its cash cost to produce fell 25 per cent to 85 cents per gram, the average net selling price per gram was up seven per cent, kilograms produced climbed 43 per cent to 41,436 kilograms and its gross margin was stable at 58 per cent "which is head and shoulders above our peers."Based on these returns, Aurora says it would need to generate $130 million of revenue to become profitable, less than half the total that would be required by a comparable company earning lower margins.The company said it is preparing to supply new products, referred to as Cannabis 2.0, that have recently become legal that it says will help to reduce the illegal market.I'm excited as hell about 2.0," said Booth. "I know I'm supposed to be told be conservative, Terry, but I really am pumped about how Aurora has done its job and getting ready for 2.0. And all indicators from our retailers, from our provinces, from Health Canada and all the little hints that you hear says that Aurora is at the top of that pack as well. So we're pretty pumped."This report by The Canadian Press was first published Nov. 15, 2019.Companies in this story: (TSX:ACB) Ross Marowits, The Canadian Press

  • Why a 'blue wave' in 2020 could set cannabis stocks up to double
    Yahoo Finance

    Why a 'blue wave' in 2020 could set cannabis stocks up to double

    While some market analysts point to a blue wave being value destructive to the overall market, it could boost cannabis stocks, says CFRA's Garrett Nelson.

  • Should Beaten-Down Aurora Cannabis (TSX:ACB) Stock Be on Your 2020 Buy List?
    The Motley Fool

    Should Beaten-Down Aurora Cannabis (TSX:ACB) Stock Be on Your 2020 Buy List?

    Could this be the best time to buy Aurora Cannabis's (TSX:ACB)(NYSE:ACB) stock cheap as sentiment worsens for the marijuana industry?

  • Market Exclusive

    Cannabis Stock News Roundup November 15

    The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US: TGODF) reported its financial and operational results for the three and nine months ended September 30, 2019. The company experienced a loss of C$20.1 million for the third quarter. The important move TGOD made in the quarter was entering the recreational market with a small pilot in Ontario. […]The post Cannabis Stock News Roundup November 15 appeared first on Market Exclusive.

  • Market Exclusive

    Market Morning: Alibaba Goes Hong Kong, Uber Dump, Alzheimer’s Hope, Cannabis Collapse

    Alibaba, Now May Not Be the Best Time to IPO in Hong Kong Alibaba (NYSE:BABA) is going public in Hong Kong with a $13.4 billion listing, and it’s putting extra stress on the Hong Kong banking system specifically at a time when the island is on the verge of exploding in cacophonous riots leading to […]The post Market Morning: Alibaba Goes Hong Kong, Uber Dump, Alzheimer's Hope, Cannabis Collapse appeared first on Market Exclusive.

  • Aurora Cannabis halts construction plans after miss in latest quarter
    Yahoo Finance Canada

    Aurora Cannabis halts construction plans after miss in latest quarter

    The pot producer has announced plans to shore up its balance sheet that include halting construction plans at facilities in Alberta and Denmark.

  • How this CBD company created a buzz by 'kind of making fun of millennial culture'
    Yahoo Finance

    How this CBD company created a buzz by 'kind of making fun of millennial culture'

    Ask Benjamin Witte about Recess, and one of the first places he’ll send you is the company’s Instagram page.

  • 5 Must Watch Items as Aurora Cannabis (TSX:ACB) Reports Quarterly Earnings on Thursday
    The Motley Fool

    5 Must Watch Items as Aurora Cannabis (TSX:ACB) Reports Quarterly Earnings on Thursday

    The following items require special investor focus in the upcoming quarterly earnings of Aurora Cannabis (TSX:ACB)(NYSE:ACB).

  • 2 Marijuana Stocks I’d Buy on the Verge of an Industry Purge
    The Motley Fool

    2 Marijuana Stocks I’d Buy on the Verge of an Industry Purge

    Aurora Cannabis Inc. (TSX:ACB)(NYSE:ACB) and another robust marijuana stock could still make you filthy rich.

  • Don’t Give Up on These 2 Stocks Yet
    The Motley Fool

    Don’t Give Up on These 2 Stocks Yet

    Aurora Cannabis Inc. (TSX:ACB)(NYSE:ACB) and BlackBerry Ltd. (TSX:BB)(NYSE:BB) look like promising comeback candidates ahead of 2020.

  • Kicking Aurora (TSX:ACB) When it’s Down Is Unwise
    The Motley Fool

    Kicking Aurora (TSX:ACB) When it’s Down Is Unwise

    Find out why Aurora can still be worth holding, even when its market value is consistently going down.

  • ALERT: 1 Week Before Aurora Cannabis (TSX:ACB) Earnings
    The Motley Fool

    ALERT: 1 Week Before Aurora Cannabis (TSX:ACB) Earnings

    Aurora Cannabis Inc. (TSX:ACB)(NYSE:ACB) is set to release earnings next week, as its stock nears a 52-week low.

  • Does Aphria’s Valuation Look Attractive in November?
    Market Realist

    Does Aphria’s Valuation Look Attractive in November?

    Aphria’s stock price has risen 8.9% since reporting its Q1 earnings on October 15. The cannabis sector's weakness offset some of these gains.

  • Cronos Group Joins Altria to Bet on Cannabidiol Market
    Market Realist

    Cronos Group Joins Altria to Bet on Cannabidiol Market

    Cannabis company Cronos Group has expanded its presence in the US cannabidiol market through a tie-up with tobacco company Altria Group.

  • Millennials: Aurora Cannabis (TSX:ACB) Is a Falling Knife I’d Catch at $4.50
    The Motley Fool

    Millennials: Aurora Cannabis (TSX:ACB) Is a Falling Knife I’d Catch at $4.50

    Aurora Cannabis Inc. (TSX:ACB)(NYSE:ACB) is absurdly undervalued and could be ripe for a massive upside correction in 2020.

  • Can ACB’s and CWEB’s Earnings Help Cannabis?
    Market Realist

    Can ACB’s and CWEB’s Earnings Help Cannabis?

    Aurora Cannabis and Charlotte's Web Holdings are set to report their earnings next week. Could their results bring some relief to the cannabis sector?

  • Canopy Growth and Cronos Group’s Earnings Next Week
    Market Realist

    Canopy Growth and Cronos Group’s Earnings Next Week

    Canopy Growth (CGC) (WEED) and Cronos Group (CRON) are set to release their earnings next week. The cannabis sector has been on a roller coaster this year.

  • All You Need to Know about Aphria’s Capacity Expansion
    Market Realist

    All You Need to Know about Aphria’s Capacity Expansion

    On November 4, Aphria (APHA) announced the receipt of a cultivation license from Health Canada for its Aphria Diamond cannabis greenhouse facility.

  • Cannabis Sector in Green after Analyst’s Positive Outlook
    Market Realist

    Cannabis Sector in Green after Analyst’s Positive Outlook

    Cantor Fitzgerald initiated coverage of six cannabis companies on Monday. Analyst Pablo Zuanic noted that several cannabis stocks have bottomed out.

  • 'We call the bottom on Canadian cannabis stocks': Cantor Fitzgerald
    Yahoo Finance Canada

    'We call the bottom on Canadian cannabis stocks': Cantor Fitzgerald

    Cantor Fitzgerald is predicting “green days ahead” for the battered shares that have struggled to find their footing since Canada legalized recreational pot more than a year ago.

  • Aurora Cannabis’s Revenue: Here’s What Analysts Expect
    Market Realist

    Aurora Cannabis’s Revenue: Here’s What Analysts Expect

    Aurora Cannabis is set to release its fiscal 2020 first-quarter earnings results on November 11. Let’s see what analysts expect for its upcoming quarter.