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Computer Modelling Group Reports financial results for the year ending March 2020
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Computer Modelling Group Ltd. (TSX: CMG) institutional ownership is 70.50% which means the shareholder base is strong and investors are in the stock for the long haul. The company released its financial results for the year ended March 2020 in which the company posted a 1% increase in total revenue and net income grew by 6%. However, maintenance/annuity license revenue was flat with more recurring revenue. For the quarter that ended march total revenue grew 12% with net income increasing 18%.
The company's geologist turned reservoir engineer, Susan Fellows who was featured in the GEO ExPro Magazine. Fellows are making a plea to other reservoir engineers to deploy all available tools that include understanding 3Dvisualization to draw insight about hydrocarbon reservoir simulations.
Ceridian HCM Holding - add sub-heading
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Ceridian HCM Holding Inc. (TSX:CDAY) institutional ownership is 74.70%. It indicates that investors are looking for a long-term relationship. During the release of its Q2 2020 results, the company noted that half of its producing assets were impacted by the pandemic shutdowns with the Fruta del Norte and Santa Elena the most affected. Despite the company still had an operating cash flow of $13.4 million which shows that the business is solid.
The company's CEO, Nolan Watson stated that the pandemic greatly impacted the Cerro Moro operations with the mine operating at half capacity and thus Q3 sales are likely to be affected. However, the company is optimistic that it will have record revenue and post cash flow in Q4.
Sandstorm Gold reported a 33% YoY decline in revenue in Q2 2020
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The institutional ownership of Sandstorm Gold Ltd (TSX:SSL) is 76.90%. It signifies that the shareholder base is solid. The company reported revenue of $18.7 million in Q2 2002 compared to $21.5 million in Q2 2019 which is a 33% drop attributed to the gold equivalent sold in the period. However, this was offset partially by the 31% increase in the realized gold-selling prize. It sold 10,920 gold equivalent ounces and generated $13.4 million operating cash flow. Net income in the quarter was $7.1 million compared to $2.4 million from the same quarter a year ago.
Because of the pandemic the company withdrew its guidance for 2020 and as per the existing royalties, the forecasted attributable gold equivalent ounces sold will be around 125,000 b 2024.
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The post Institutional Ownership Bets Big On Bullish Canadian Stocks: $CMG $CDAY $SSL appeared first on The Market Signals.
COMTEX_368917438/2700/2020-08-05T09:23:11
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