-- Stifel Canada週三維持對Hemlo Mining（HMMC.TO）股票的「買入」評級和12.00加元的目標價，此前該公司公佈了第一季業績。 HMMC在接管Hemlo金礦後的第一個完整季度取得了穩健的開局，包括總黃金產量（100%權益）為34.8千盎司（處理礦石322千噸，平均品位3.41克/噸），符合預期；可歸屬黃金產量為29.7千盎司（較我們預期的28.77%）。該礦於2026年3月16日成功完成自營礦山運營，比原計劃提前兩週，承包商員工到崗率達97%。 HMMC已全額償還1億美元的循環信貸額度（RCF），淨債務降至2,620萬美元（2025年底為9,300萬美元）。截至2026年第一季，HMMC持有現金1.237億美元，高於我們先前8,560萬美元的預期－完整的財務業績將於2026年5月20日公佈。 HMMC目前的交易價格為… Hemlo的市淨率（P/NAV）為0.46倍，2027/28財年預期企業價值倍數（EV/EBITDA）分別為3.7/3.2倍，而Stifel涵蓋的中型（0.1-0.5百萬盎司）和中階（0.5-2.0008盎司的平均產量和 3.583.85838830008880008880008880008800080008% 的平均值。分析師Ralph Profiti寫道：“我們仍然認為Hemlo正走在一條清晰的道路上，通過地下儲量和資源增長以及礦山/選礦廠優化來釋放價值。” （報導北美、亞洲和歐洲主要銀行和研究機構的股票、大宗商品和經濟研究。研究機構可透過以下連結與我們聯繫：https://www..com/contact-us）
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Research Alert: CFRA Maintains Buy Opinion On Shares Of Visa Inc.
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US Markets
Brent Approaches $120 Per Barrel as Trump Reportedly Rejects Iranian Proposal
Oil prices rallied Wednesday, with Brent approaching $120 per barrel after US President Donald Trump reportedly rejected an Iranian proposal to lift the naval blockade.Brent crude was last up 7.2% at $119.25 per barrel, having traded as high as $119.45 earlier in the day. West Texas Intermediate rose 7% to $106.91.Trump told Axios on Wednesday he will maintain the US naval blockade of Iranian ports until Tehran agrees to a nuclear deal. Iran wanted the Strait of Hormuz opened before the two sides could sit down to discuss uranium enrichment at a later stage.In a social media post on Wednesday, Trump said Iran "better get smart soon."A senior Iranian security source told state media Press TV that the US naval blockade will soon be met with "practical and unprecedented action."The rhetoric comes amid stalled peace negotiations between Washington and Tehran, though their ceasefire agreement appears to be holding. A separate truce deal is in place between Israel and Lebanon.Pakistani mediators expect a revised proposal from Iran by Friday, CNN reported."Crude oil has resumed its war-driven rally, with Brent rising almost non-stop since a brief mid-month tumble to ($86 per barrel), when hopes for a peace deal and a short-lived reopening of the Strait of Hormuz triggered a sharp but temporary correction," Saxo Bank Head of Commodity Strategy Ole Hansen said in a report Wednesday.Besides the Iran war, markets are assessing the implication of the United Arab Emirates' decision to leave the Organization of the Petroleum Exporting Countries.The move marks a "major strategic shift (for the UAE), freeing it from production quotas that for years limited its ability to fully utilize expanding capacity," Hansen said.The UAE is set to increase oil production after walking away from oil cartel OPEC, ING Bank said in a report Wednesday."However, before this can be tapped, there must be a resolution in the Persian Gulf that allows for uninhibited energy flows through the Strait of Hormuz once again," ING said. "Therefore, in the short term, this development has little impact on the market. But in the medium to longer term, it means more supply for the market."
Australia
Pentair Stock Decline on Potential Inventory Destocking 'Overdone,' RBC Says
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