Orosur Mining (OMI.V) provided Wednesday positive drill results from the Pepas West prospect within the Anza project in Colombia.
Highlights include 16.1 meters at 2.68 grams per tonne gold (g/t), 21.7 m at 1.42 g/t gold and 9.8 m at 1.41 g/t gold.
Results were highly encouraging with thick intersections of shallow gold mineralization being recorded, Orosur said.
Orosur's rig is currently drilling south of Pepas, and will return to Pepas West in several weeks, the company said.
Stifel Canada on Wednesday reiterated its buy rating on the shares of Neo Performance Materials (NEO.TO) while raising its price target to C$38.00 from C$26.00 following the company's first-quarter results."NEO's 1Q26 EBITDA beat consensus by 89% while its midpoint 2026E EBITDA guidance was raised by 35% to $105 mm. In our view, the updated guidance only reflects a strong 2Q26E and does not assume any positive impact from elevated rare metals prices in 2H26E. We believe investor concerns around working capital build is overdone, as NEO's business model allows for inventory to be passed through to customers with a margin and there is little risk of negative financial impact. Key catalysts include: (1) sanctioning of Estonia Phase 1B; (2) further details on the Estonia HRE expansion; and (3) additional debottlenecking in Magnequench at Korat, Thailand. We are increasing our target price to $38.00/sh due to a 17% increase in our 2027E EBITDA and expanding our target EV/EBITDA multiple to 12.0x (prior: 10.0x)," analyst Ian Gillies wrote.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $31.01, Change: $+0.50, Percent Change: +1.64%
BMO Capital Markets upgraded its rating on the shares of Exchange Income (EIF.TO) to outperform from market perform and raised its price target to $120.00 from $111.00 following the company's first-quarter results.While acknowledging the investment is "not without risk," analyst Michael Goldies said given the stock's rapid expansion of valuation multiples, the company has a set of clear catalysts and tailwinds to support go-forward share price performance. He also sees these opportunities as being multi-year and multi-segment.Goldie has also lifted Exchange Income's 2026 EPS estimate to $4.45 from $3.98 and 2027 to $5.02 from $4.65.Price: $107.04, Change: $+2.68, Percent Change: +2.57%
CIBC Capital Markets maintained its neutral rating on the shares of Pet Valu Holdings (PET.TO) and lowered its price target to C$22.00 from $28.00 after the company reported its first quarter-financial results on Tuesday.The bank said the core issue is "macro as opposed to execution, though PET's price/promo positioning remains a headwind." CIBC reduced its earnings forecasts in line with management's updated outlook and now forecasts 10% growth in 2027."Though we believe valuation reflects substantial pessimism, we do not see a visible catalyst to push shares higher in the near-term (outside of a privatization)," said analyst Mark Petrie. "While there are understandable explanations for the pressures, we believe it will take PET some time to re-build investor confidence in medium-term growth potential."The bank also reduced its target multiple on the company to 13x, taking its price target to C$22.00."We have never been of the view that PET was a particularly strong fit with a strategic acquirer (such as CTC or EMP), but given the share price and compressed valuation, it could be an attractive target for a financial sponsor that could cut costs and push it into a franchise," added Petrie.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $17.27, Change: $+0.27, Percent Change: +1.59%