Big news in the mining and investment newsletter worlds. Veteran analyst Joe Mazumdar has left investment bank Canaccord Genuity and joined Brent Cook’s Exploration Insights (“EI”) publication. EI is a premium weekly newsletter that provides independent research and analysis of early stage mining stocks and is edited by Mr. Cook, a respected and experienced economic geologist. The news was announced… Continue Reading
There’s a new leader at Canadian-based global mid-market investment bank Canaccord Genuity. Toronto-based and North American Capital Markets Head Dan Daviau, who was a co-founder and principal at Genuity, prior to its merger with Canaccord, has been appointed the firm’s president and CEO effective October 1, 2015. Mr. Daviau will also join the board of… Continue Reading
Moving eulogy for Paul Reynolds, the late Canaccord Genuity boss, via GlobeandMail.com: Paul Reynolds When Paul Reynolds decided to do something, he went full bore. He turned his laser-like focus and boundless energy to the task at hand. He loved a challenge. A few years ago, on a warm summer night in Whistler, a close… Continue Reading
One of Canada’s most accomplished executives died tragically this week. Canaccord Genuity CEO Paul Reynolds was competing in the Lavaman triathlon in Hawaii with friends on Sunday. During the swimming leg of the race, Reynolds lost consciousness and was rushed to hospital, according to media sources. Canaccord announced the untimely passing of its President and CEO Thursday morning. The firm has appointed David… Continue Reading
One of Canada’s most influential investors will match up to $50,000 in donations to SickKids Hospital from CEO.CA subscribers. A full tax receipt will also be provided. Please hear us out… It’s Friday, 5:45 pm. You’re sitting in your ergonomic chair with your feet up. It’s been a big day in the financial markets, and a… Continue Reading
Joe Mazumdar is the Director of Research and a Senior Mining Analyst at Canaccord Genuity Inc. here in Vancouver. He has a particularly interesting perspective on the mining sector, having spent the majority of his early years at large companies including: Mount Isa Mines (Australia), Rio Tinto (Argentina), Phelps Dodge (Phoenix, USA) and Newmont (Denver,… Continue Reading
From Peter Brown: June 30th is my last day at Canaccord Genuity which began 46 years ago on February 2, 1968 with the purchase of 50% of an insignificant firm for $23,000. The Firm’s first trade was the purchase of 1000 shares of Casino Silver (which now belongs to Teck) at $0.78. I still have… Continue Reading
Canaccord Genuity, the firm with roots in Canada’s venture capital business, has aggressively branched out into new markets in recent years. The strategy appears to be bearing fruit. Under the leadership of Paul Reynolds, 51, and CEO since 2007, Canaccord Genuity has used acquisitions and a shift overseas to transform the once Canada- and mining-centric… Continue Reading
Mr. Paul Reynolds reports – Canaccord Genuity Group Inc.’s Peter Brown has resigned as a director and officer of the company, effective May 23, 2014, and will not be seeking re-election to the board of directors at the upcoming 2014 annual general meeting of shareholders. “On behalf of the board of directors, management and all… Continue Reading
A. E. (Ted) Turton, broker, promoter, financier and mentor to many, has died age 84. Mr. Turton stood out in the investment business; he cared more about people and their projects than about accumulating wealth. From time to time he could be a rascal, but he was always a gentleman. Loyal, humble and dignified, he… Continue Reading
I came across a 2011 article about Canaccord Financial founder Peter Brown, and I particularly enjoyed the following excerpt: In 1968, Brown and partner Ted Turton bought 51 per cent of a struggling Vancouver brokerage for $23,000. They soon ran into problems with an “irresponsible” financial partner who bankrupted the company, he said. “We started… Continue Reading
The Globe and Mail, Canada’s national newspaper, has published a story I wrote about Canaccord Genuity’s Global Resources Conference and why four veteran investors (Frank Giustra, Frank Holmes, Randall Oliphant and Paul Reynolds) are optimistic for gold and resources shares. The article is behind the Globe Unlimited paywall, which is worth the $30 per month for… Continue Reading
We had the wonderful opportunity of attending the Canaccord Genuity Global Resources Conference during the past couple of days in Miami, Florida. Canaccord put on a first class event with many of mining and energy sector’s best CIOs and CEOs on hand. Below are some of the key takeaways from the conference: Most miners are… Continue Reading
Yesterday Petroamerica Oil Corp (C:PTA), an emerging light oil producer in Colombia, received a buy recommendation and a $.45 price target from Canaccord Genuity energy analyst Christopher Brown in Calgary. Canaccord Genuity now joins CIBC World Markets, TD Securities, Haywood Securities, Raymond James, and others in recommending Petroamerica’s shares. Mr. Brown cited PTA’s attractive valuation… Continue Reading
Paul Reynolds is the president and CEO of Canaccord Financial Inc. (TSX:CF, LSE:CF), a leading financial services firm specializing in wealth management and global capital markets. Established in 1950, Canaccord rose to prominence under the leadership of former CEO and now honorary chairman Peter Brown. For decades, the company was synonymous with Canadian venture capital… Continue Reading
