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Mining & Metals
UBS Maintains Neutral Rating, US$12.00 Price Target on Canada Goose
UBS is maintaining its neutral rating and US$12.00 price target on the shares of Canada Goose (GOOS.TO) ahead of the luxury outerwear retailer reporting its fiscal fourth-quarter results on May 14.UBS Quant Team's data shows GOOS' crowding score is modestly below the industry average. The stock is also down 15.4% YTD vs. the S&P 500's +8% move. At the same time, GOOS' FY2 P/E multiple is roughly 1-turn above its past 3-year average."Overall, we believe sentiment leans slightly bearish and our conversations with investors suggests the same," UBS writes.Price: $14.88, Change: $-0.14, Percent Change: -0.93%
$GOOS.TO
Mining & Metals
RBC Lifts Trican Well Service's Price Target to C$8.50 from C$7.50
RBC Capital Markets on Tuesday raised Trican Well Service's (TCW.TO) price target to C$8.50 from $7.50 with a sector perform rating.Trican's first-quarter results were slightly better than expectations, including adjusted EBITDA of $70.1 million that was in between RBC's estimate of $67.9 million and the Street consensus of $72.2 million.RBC increased its 2026 and 2027 EBITDA estimates for Trican following the company's first-quarter performance."We continue to see Trican as a leading Canadian service provider, with strong offerings in pressure pumping and cementing, but see stronger relative opportunity in select US pressure pumpers at present," RBC said.Trican traded at $7.72 per share at last look Wednesday on the Toronto Stock Exchange.Price: $7.74, Change: $+0.16, Percent Change: +2.11%
$TCW.TO
Mining & Metals
MiniLuxe Holding Announces Non-Brokered Private Placement of US$3.5 Million to US$5 Million
MiniLuxe Holding (MNLX.V) announced a non-brokered private placement of Class A subordinate voting shares on Wednesday.The subordinate voting shares will be offered at a price of US$0.58 each for gross proceeds of between US$3.5 million and US$5 million with a midpoint of the range as its target, said the company and added that the private placement has already signed commitments that exceed its threshold range of US$3.5 million.A closing of the offering is expected by June 5, or such other date as the investors and the company may agree upon and is subject to the completion of formal documentation and the company receiving all necessary regulatory approvals, including the final approval of the TSXV, added the company.The proceeds will be used to fund growth initiatives especially the opening of new studios and providing the flexibility to take on new strategic acquisitions or JV (joint venture) locations, said the company."We are humbled and grateful to have found partners who represent strategic capital that comes alongside proven track records of executing and scaling growth businesses," said Tony Tjan, Chief Executive Officer of MiniLuxe. "Across its recent private placements, the Company has been selective in finding partners with the disposition and capacity to be long-term oriented and with the capability to take an independent view of the intrinsic value of the business."The company's shares were last seen unchanged at $0.295 on the TSX Venture Exchange.
$MNLX.V