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3 days ago
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Eglinton Crosstown LRT opening date 'very close,' says Toronto city manager
Toronto's city manager says the Eglinton Crosstown LRT opening date is very close and the transit project is in its final stages of testing. Paul Johnson told CBC Radio's Metro Morning on Tuesday that he's "blindly optimistic" that the long-delayed light rail transit will open soon. "It is very, very close. These are the last stages of really testing it," he said. The 25-stop line was initially set to open in 2020, but a series of technical problems and associated cost overruns have plagued the project and repeatedly delayed its completion. Construction on the line began in 2011. The transit line will open when it's "safe and operationally sound to do so" and testing has been going well, Johnson said on Tuesday. "It's going to open soon. Everybody's working towards that, and I know people want to know the actual date. The only thing holding back the date is, we also don't want this to be unreliable and be a very poor service when it goes in," said Johnson. He said staff have been running tests to make sure all trains have what they need to run daily. They are also checking the route timings and if all systems are working properly. Ontario Premier Doug Ford said last month that the Eglinton Crosstown LRT line was on track to open this September. September opening 'is a reach,' TTC interim CEO says At last week's TTC board meeting, outgoing TTC interim CEO Greg Percy was asked if the transit line was on track to open in September. "We're looking at still this fall to get something happening," answered Percy. "I think September is a reach, but this fall is plausible and certainly by year-end." WATCH | Percy talks about September opening date: TTC took control of the Eglinton Crosstown from Metrolinxlast month. Metrolinx CEO Michael Lindsay said at the time that the system and vehicles were being "relentlessly" stress tested. Percy said at Thursday's board meeting that the decision on the opening date still falls to Metrolinx. He said safety and customer experience are key issues, and that the TTC won't open it until "it is satisfying both."
Business Insider
4 days ago
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Aurelia Metals (AUMTF) Gets a Buy from Ord Minnett
Ord Minnett analyst Paul Kaner maintained a Buy rating on Aurelia Metals today and set a price target of A$0.31. The company's shares closed last Tuesday at $0.13. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Kaner is a 5-star analyst with an average return of 22.9% and a 63.28% success rate. Kaner covers the Basic Materials sector, focusing on stocks such as Aurelia Metals , AIC Mines Limited, and Ramelius Resources Limited. Aurelia Metals has an analyst consensus of Strong Buy, with a price target consensus of $0.22, which is a 70.67% upside from current levels. In a report released today, Macquarie also maintained a Buy rating on the stock with a A$0.27 price target. The company has a one-year high of $0.22 and a one-year low of $0.05. Currently, Aurelia Metals has an average volume of 3,215.
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RBC Capital Reaffirms Their Hold Rating on Dunelm Group (DNLM)
RBC Capital analyst Manjari Dhar maintained a Hold rating on Dunelm Group yesterday and set a price target of p1,200.00. The company's shares closed yesterday at p1,194.00. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Dhar is a 2-star analyst with an average return of 1.0% and a 55.56% success rate. Dhar covers the Consumer Cyclical sector, focusing on stocks such as Hugo Boss, Avolta AG, and Dunelm Group. In addition to RBC Capital, Dunelm Group also received a Hold from Jefferies's Grace Gilberg in a report issued on July 17. However, on July 18, Deutsche Bank maintained a Buy rating on Dunelm Group (LSE: DNLM). The company has a one-year high of p1,279.00 and a one-year low of p836.61. Currently, Dunelm Group has an average volume of 378.3K. Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is neutral on the stock.
