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Mining & Metals
Cartier Resources Begins Trading on the OTCQB Venture Market in the U.S. Under Symbol ECRFF
Cartier Resources' (ECR.V) shares are now trading on the OTCQB Venture Market, under the symbol ECRFF, said the company on Thursday.The company will continue to trade on the TSX Venture Exchange under the symbol ECR, it added."Cartier's OTCQB listing marks an important step in the Company's growth strategy and is expected to strengthen our visibility among American investors, improve trading liquidity and broaden access to the U.S. capital markets," said Philippe Cloutier, President and Chief Executive Officer of Cartier Resources. "We believe it will support increased investor engagement as we continue to advance our projects and long-term growth objectives."The company's shares were last seen unchanged at $0.245 on the TSX Venture Exchange.
$ECR.V
Mining & Metals
RBC Reiterates Kinross Gold's Outperform Rating, US$45 Price Target
RBC Capital Markets on Wednesday maintained Kinross Gold (K.TO)'s outperform rating and US$45 price target after the company's Q1 results.On financials, Kinross' adjusted EPS of US$0.70 per share in the first quarter was below RBC's forecast of $0.76 per share and the consensus estimate of $0.71 per share, with larger variances relative to RBC estimates including lower gold sales vs. production and higher taxes. The miner's free cash flow of $830 million matched RBC's estimate and beat the consensus forecast of $802 million.Kinross reiterated its 2026 guidance, noting that higher energy prices have a minimal impact on operations as a result of its hedging program. Buyback activity was in line with expectations, RBC said."Our view: Slightly positive. Operations and financials largely met RBC and consensus expectations. KGC reiterated guidance, noting a minimal impact from higher energy prices as a result of its hedging program. Buyback activity was in line with expectations. KGC announced the receipt of its Great Bear AEX permit, positively positioning the company to advance the UG decline and complete drilling at depth," RBC added.Shares in Kinross were at last look up more than 2% on the TSX.Price: $41.72, Change: $+0.86, Percent Change: +2.10%
$K.TO
Research
Research Alert: Cfr: Q1 Earnings Beat; Loan Growth Continues While Deposit Costs Fall
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CFR posted solid Q1 2026 results with GAAP EPS of $2.65 vs. $2.30 in the prior year, beating consensus by $0.16. Revenue of $597M rose 7% Y/Y and beat estimates by 2%, while net interest margin expanded 8 bps to 3.74%. We view underlying metrics positively as CFR demonstrated positive operating leverage and credit quality outpaced peers. Management opened its 205th location in Austin, executing its market penetration strategy across Texas's high-growth areas. Average loans grew 6% Y/Y to $22B while deposits declined 3% Q/Q to $42B, though this was strategic as CFR cut interest-bearing deposit costs by 29 bps to 3.64%. Credit metrics improved with non-accrual loans declining to 0.32% of total loans from 0.40% a year earlier, and the 1.28% allowance ratio reflects confidence in the portfolio quality. In our view, CFR's ability to navigate the interest rate environment while maintaining competitive positioning supports its continued outperformance in the Texas markets.
$CFR