Shares of McEwen Mining (NYSE:MUX) zoomed today, closing Monday up 15.2%. The gold and silver stock just made progress on an initial public offering it’s planning in the coming year.
On July 6, McEwen Mining created a subsidiary called McEwen Mining Copper to create a pure-play copper company to primarily develop its Los Azules copper mine in Argentina, and announced its plan to raise $80 million through a private offering of shares. McEwen Mining eventually intends to launch an IPO for McEwen Mining Copper within 12 months of closing the share sales.
The morning of Aug. 23, McEwen Mining took its first concrete step toward the IPO by raising $40 million via a sale of the subsidiary’s shares to CEO Rob McEwen.
McEwen Mining plans to raise the remaining funds from private investors by Sept. 30. Once the entire offering is closed, it will publicly list McEwen Mining Copper within the next 12 months, and own a 68.6% stake in the subsidiary.
So why has this development got investors excited?
Best Gold Stocks To Invest In Right Now: Nevro Corp.(NVRO)
Nevro Corp., incorporated on October 4, 2006, is a medical device company. The Company manufactures and markets active implantable medical devices for the treatment of neurological disorders initially focusing on the treatment of chronic pain. The Company developed and commercialized a neuromodulation platform for the treatment of chronic pain. The Company’s Senza system is the only spinal cord stimulation (SCS) system that delivers its HF10 therapy. The Company’s post-hoc statistical analysis supports the HF10 therapy over traditional SCS therapies for treating both leg and back pain. Outside of the United States, Senza is indicated for the treatment of chronic intractable pain of the trunk and limbs, is reimbursed under existing SCS codes.
The Company’s Senza system creates electrical impulses from two hertz to 10 kilohertz, including its HF10 therapy, which allows for pain relief without paresthesia. HF10 therapy delivers waveforms at 10 kilohertz pulse rate with a statistically driven and clinically verified programming algorithm. Senza consists of leads, a trial stimulator, an implantable pulse generator (IPG), surgical tools, a clinician laptop programmer, a patient remote control and a mobile charger. These components enable physicians to implant the leads and the IPG and patients to operate the system.
The Company competes with Medtronic, Boston Scientific and St. Jude Medical.
- [By Motley Fool Transcribers]
Nevro Corp (NYSE:NVRO)Q4 2018 Earnings Conference CallFeb. 21, 2019, 4:30 p.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Max Byerly]
Federated Investors Inc. PA grew its holdings in Nevro Corp (NYSE:NVRO) by 7.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 309,100 shares of the medical equipment provider’s stock after purchasing an additional 21,400 shares during the period. Federated Investors Inc. PA owned approximately 1.03% of Nevro worth $24,682,000 as of its most recent SEC filing.
- [By Brian Feroldi]
In response to the company sharing an update related to its ongoing litigation with Boston Scientific (NYSE:BSX), shares of Nevro Corp. (NYSE:NVRO), a medical device company focused on pain management, jumped 35% as of 11:20 a.m. EDT.
Best Gold Stocks To Invest In Right Now: National HealthCare Corporation(NHC)
National HealthCare Corporation, which we also refer to as NHC or the Company, began business in 1971. Our principal business is the operation of skilled nursing facilities with associated assisted living and independent living facilities. Our business activities include providing sub-acute and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, senior living services, and home health care services. We have a non-controlling ownership interest in a hospice care business that services NHC owned health care centers and others. In addition, we provide management services, accounting and financial services, and insurance services to third party operators of health care facilities. We also own the real estate of thirteen healthcare properties and lease these properties to third party operators. We operate in 10 states, and our owned and leased properties are located in the Southeastern, Northeastern, and Midwestern parts of the United States. Advisors’ Opinion:
- [By Joseph Griffin]
US Bancorp DE grew its stake in shares of National HealthCare Co. (NYSEAMERICAN:NHC) by 14.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,558 shares of the company’s stock after purchasing an additional 1,539 shares during the period. US Bancorp DE owned approximately 0.08% of National HealthCare worth $883,000 as of its most recent filing with the Securities and Exchange Commission.
- [By Logan Wallace]
Virginia Retirement Systems ET AL bought a new position in shares of National Healthcare (NYSEAMERICAN:NHC) in the 1st quarter, Holdings Channel reports. The institutional investor bought 5,600 shares of the company’s stock, valued at approximately $334,000.
Best Gold Stocks To Invest In Right Now: T-Mobile US, Inc.(TMUS)
T-Mobile US, Inc., together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, such as smartphones, tablets, and other mobile communication devices, as well as accessories, which are manufactured by various suppliers. It offers services, devices, and accessories through its owned and operated retail stores, as well as through its Websites. T-Mobile US, Inc. also sells its devices and accessories to dealers and other third party distributors for resale through independent third-party retail outlets and various third-party Websites. The company provides its services under the T-Mobile and MetroPCS brands. As of December 31, 2014, it provided services to approximately 55 million customers. T-Mobile US, Inc. was founded in 1994 and is headquartered in Bellevue, Washington. T-Mobile US, Inc. operates as a subsidiary of Deutsche Telekom AG.