GEO Stock Recent News

GEO Group is set to release their Q2 2024 earnings results on August 7, 2024, pre-market. 32% selloff since mid-July, anticipating a net loss in Q2 in the range of $27 million to $30 million. New 5-year, $25 million annual contract with CSI Aviation, and a potential 5-year contract extension for their Californian ICE facility.

Gilat's cutting-edge technologies support growth in global multi-orbit SATCOM Networks Gilat's cutting-edge technologies support growth in global multi-orbit SATCOM Networks

Q2 Production of 16,255 Gold Equivalent Ounces ("GEO") vs 11,204 GEO in Q1, 2024. High-Grade ore from Calandrias Norte and continued ramp-up at Heap leach operations are supporting strong quarterly production.

Geo Group (GEO) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

MONTRÉAL, July 08, 2024 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) is pleased to announce its second quarter 2024 deliveries, revenues and cash margin, as well as an update on its cash and debt positions as of June 30th, 2024. In addition, Osisko is also providing some select asset updates.

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today the discontinuation of its contract with the Oklahoma Department of Corrections for the company-owned, 2,600-bed Lawton Correctional and Rehabilitation Facility, which is set to expire on June 30, 2024, unless extended for an additional three months under terms proposed by GEO. We are proud of our long-standing public-private partnership with the Oklahoma Department of Corrections, which.

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today the appointment of Mark J. Suchinski as Senior Vice President and Chief Financial Officer, effective July 8, 2024. Mr. Suchinski has served as Senior Vice President and Chief Financial Officer for Spirit AeroSystems since 2020. In this role, Mr. Suchinski has been responsible for the overall financial management of Spirit AeroSystems, its financial reporting and transparency, and multiple.

The Russell 2000 is a stock market index comprised of 2,000 companies that have small market capitalizations. A small-cap stock is generally any security of a publicly traded company whose market value is between $250 million and $2 billion.

BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group (NYSE: GEO) (“GEO”) announced today that U.S. Immigration and Customs Enforcement (“ICE”) announced that it plans to issue a task order for the GEO-owned 1,940-bed Adelanto ICE Processing Center in California (the “Adelanto Center”), which provides for continued funding through September 30, 2024. GEO previously filed motions, on January 4, 2024, with the U.S. District Court, Central District of California, in the case of Roman v. Wolf, to Interv.

GEO Group eliminated its dividend and switched from a REIT to a C-Corp after heavy debt threatened profitability. GEO Group's first quarter earnings showed a drop in operating income, but strong free cash flow allowed for debt reduction. The company's debt refinancing provides the flexibility to consider returning capital to shareholders through share buybacks or dividends.