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UBS Downgrades Victoria's Secret & Co. to Neutral From Buy, Adjusts PT to $90 From $81

SSR Mining Upgraded to Outperform at RBC

SSR Mining Inc. (SSRM.TO, SSRM) was upgraded to Outperform from Sector Perform at RBC Capital Markets on Wednesday.Analyst Josh Wolfson lowered his price target on shares of the Denver-based mining company to US$40 from US$45."Rising prices and cash flow from the portfolio limit downside even as we continue to model no value/production for SSRM's Turkish assets," Wolfson said in a note to clients."Despite the higher cash flow and potential upside from the rest of the portfolio, however, we think investors need more clarity on the outcome in Turkey pending the potential sale of Copler in 3Q and strategic review of Hod Maden," the analyst said.

$SSRM$SSRM.TO

Mining & Metals48d ago

Yangarra Resources Expands Its 2026 Capital Program and Increase Its Credit Facility

Yangarra Resources (YGR.TO) announced overnight Tuesday a "meaningful" expansion of its 2026 capital program and an increase to its syndicated credit facility, "reflecting strong early performance from its redesigned Belly River development program and positioning the company for enhanced oil weighting on production, stronger cash flow generation, and sustained value creation".In an operations update, the company said it "continues to increase its strategic focus" on the Belly River play and has added a second drilling rig to accelerate development activity, as a result the company expects to bring on eight new wells, including six Belly River wells, by July. The redesigned Belly River drilling and completion approach has delivered "encouraging early results", with initial production rates exceeding previously disclosed type curves, it added."While production history remains limited, this early outperformance has supported Yangarra's decision to apply the revised design to five of its next six Belly River wells," said the company.In a capital budget update, reflecting "improved" Belly River well performance, Yangarra said it increased its 2026 capital budget by 33% to $80 million, enabling the drilling of a total of 25 wells during the year with a continued emphasis on Belly River development. "The increased capital program and greater weighting toward Belly River drilling are expected to enhance the oil weighting of the Company's production mix and support stronger cash flow generation," it added.To date, the company has drilled 11 wells and brought five wells on-stream, and with the expanded capital program and the balance of the year ahead, the company expects to bring a total of 20 wells on-stream over the remainder of 2026.In a credit facility update, the company said it has also completed its borrowing base review, resulting in an increase to its syndicated senior credit facility to $160 million with its existing syndicate of banks.The term-out date has been extended to May 31, 2027, and the maturity date to May 31, 2028, it said."The expanded facility enhances liquidity and provides additional financial flexibility while supporting the disciplined execution of the Company's development plans," added the company.Shares in YRG were unchanged at $1.33 yesterday.

$YGR.TO

Research48d ago

KeyBanc Downgrades ODDITY Tech to Sector Weight From Overweight

ODDITY Tech (ODD) has an average rating of hold and mean price target of $12.72, according to analysts polled by FactSet.(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://finwires.com/en/contact)

$ODD

Research48d ago

JPMorgan Downgrades Fulcrum Therapeutics to Underweight From Overweight

Fulcrum Therapeutics (FULC) has an average rating of hold and mean price target of $4.88, according to analysts polled by FactSet.(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://finwires.com/en/contact)

$FULC

Research48d ago

Needham Downgrades Heron Therapeutics to Hold From Buy

$HRTX

Mining & Metals48d ago

Firefly Metals Highlights ATO Ruling on FireFly's in-Specie Distribution of Bellavista Shares

Firefly Metals (FFM.TO) said Wednesday that an Australian Tax Office (ATO) ruling confirms that certain shareholders who held Firefly shares on capital account will not be assessed for taxation purposes.The in-specie distribution involved the transfer of 60 million ordinary shares in Bellavista Resources to Firefly shareholders on May 1. The distribution arose from Firefly's sale of Pickle Crow and Sioux Lookout Projects in Ontario to Bellavista earlier this year.The ATO Class Ruling applies to certain classes of FireFly shareholders, including those who, on the record date of May 4, held their FireFly shares on capital account and were not 'temporary residents' of Australia on the payment date, a statement said.The ruling confirms that the in-specie distribution was a return of FireFly's share capital of $0.045 per share, a capital return, and not a taxable dividend. The ATO has also confirmed that anti-avoidance provisions will not be applied to treat any part of the capital return as an unfranked dividend.Firefly Metals closed up $0.18, to $2.28 on Tuesday on the Toronto Stock Exchange.

$FFM.TO

Research48d ago

Oppenheimer Downgrades AT&T to Perform From Outperform

AT&T (T) has an average rating of overweight and mean price target of $30.30, according to analysts polled by FactSet.(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://finwires.com/en/contact)

Equities48d ago

Cactus Subsidiary Extends Credit Facility Maturity Date

Cactus (WHD) said in a regulatory filing submitted Tuesday that its Cactus Companies subsidiary has entered into an agreement to extend the maturity date of its credit facility.The credit facility, which was undrawn, will expire Dec. 31 instead of June 1, the company said.

$WHD

Mining & Metals48d ago

Outcrop Silver & Gold With Assay Results From Aguilar Target, Colombia

Outcrop Silver & Gold Corporation (OCG.TO) announced Wednesday assay results from recent drilling results at the Aguilar target, "further improving the geological understanding of one of the most advanced vein systems within the company's Santa Ana Project in Colombia".Drilling confirmed the continuity of both the principal Aguilar and Aguilar N structures and returned high-grade intercepts from two additional mineralized structures, Aguilar NEW and Aguilar NEE, in the northern sector of the target, the company said. Locally mineralized splay structures were also intersected during drilling, providing additional information on the structural controls on silver mineralization. Drilling completed in the southern extension successfully confirmed the continuity of the principal Aguilar structure, although no significant mineralized intercepts were returned from the step-out holes, it added.Among highlights, OCG said Aguilar NEW returned multiple high-grade intercepts, including 0.60 metres estimated true width grading 1,660 g/t silver-equivalent in DH621, 0.80 m ETW grading 1,405 g/t AgEq in DH604, and 0.76 m ETW grading 1,157 g/t AgEq in DH568; while Aguilar N returned high-grade intercepts including 0.49 m ETW grading 1,374 g/t AgEq in DH596 and 1.27 m ETW grading 716 g/t AgEq in DH592, supporting continuity of mineralization along the northern sector of the target.OCG added drilling intersected several mineralized secondary structures and splays, providing additional information on the structural controls of silver mineralization within the Aguilar system; while step-out drilling in the southern extension confirmed the continuity of the principal Aguilar structure, although no significant mineralized intercepts were returned."These results continue to strengthen our confidence in the scale and continuity of the Aguilar system", said Rob Bruggeman, President and CEO. "Aguilar NEW and Aguilar NEE appear to represent newly recognized vein structures that warrant continued follow-up exploration and, as commonly observed in district-scale vein systems, could potentially support the delineation of additional mineral resource blocks in the future, particularly within these blind mineralized zones. The Aguilar vein system has now been drilled for 1.6 km along strike and has identified additional mineralized structures in the northern part of the target. The development of Aguilar NEW and Aguilar NEE, together with multiple mineralized secondary structures, highlights the growing structural footprint of Aguilar and further supports its importance within the Santa Ana district."Shares in OCG edged up $0.005 to $0.355 in Canada yesterday.

$OCG.TO

Research48d ago

William O'Neil Initiates Zeta Global at Buy

Zeta Global Holdings (ZETA) has an average rating of buy and mean price target of $28.31, according to analysts polled by FactSet.(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://finwires.com/en/contact)

$ZETA

Research48d ago

Roth Capital Initiates Vox Royalty at Buy With CA$11.08 Price Target

$VOXR

Asia48d ago

Hunan Warrant Pharmaceutical Subsidiary Gets China Approval for Eye Exam Dye

China's drug regulator granted Hunan Warrant Pharmaceutical (SHA:688799) subsidiary Hunan Warrant Pharmaceutical Chiral marketing approval for its fluorescein sodium chemical raw material.The chemical is used as dye for diagnostic fundus angiography and iris vascular fluorescein angiography for eye exams, according to a Wednesday filing with the Shanghai bourse.

SHA:688799

Oil & Energy48d ago

Market Chatter: US Forces Aids Merchant Vessels Transit Hormuz in Quiet

The US military is quietly escorting ships through the strategically vital Strait of Hormuz, according to Bloomberg, citing US Central Command statements, ship-tracking data, and people with knowledge of the matter.This comes just a month after US President Donald Trump launched and abandoned the plan, which was dubbed "Project Freedom," which involved safely aiding the transit of commercial ships via the strait, which accounted for one-fifth of global LNG and crude oil flows pre-war.However, this time, US forces are doing this more quietly, with ships turning off their transponders and making the treacherous journey close to the Omani coast to steer clear of Iranian mines.The Bloomberg report also alluded to the US Centcom's latest statement, saying that US forces had shot down Iranian drones aimed at "civilian mariners that were rightfully transiting regional waters" as further evidence of quiet military escorts for merchant vessels in the Strait.The report noted that while Centcom had earlier denied reports of escorting merchant ships, it has since said that it continues to coordinate and communicate with ships passing through the Persian Gulf, to ensure their safe passage.Centcom did not immediately respond to' request for a comment on this story.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Treasury48d ago

Greater Toronto Area Homes Sales Rise in May as Prices Slip; Prices May Climb Closer to 2027, Says Board

The Greater Toronto Area (GTA) resale housing market tightened in May compared with last year as sales increased year-over-year, while new listings declined over the same period, said the Toronto Regional Real Estate Board (TRREB) on Wednesday.TRREB reported 6,583 home sales in May -- an increase of 6.3% compared with May 2025.The MLS Home Price Index (HPI) Composite benchmark was down by 6.7% year over year in May. The average selling price, at $1,069,700, was down by 4.6% compared with May 2025."Inventory levels trended lower over the past year, but buyers continued to have substantial negotiating power through the spring, helping with affordability, " said TRREB Chief Information Officer Jason Mercer. "Looking ahead, if sales strengthen further relative to listings, selling prices will level off and even start to grow as we move into 2027,"New listings totaled 17,698, or down by 18.9% year-over-year, added TRREB.

$CXY

Mining & Metals48d ago

PMET Resources Says Received Letter Of Interest From Societe Generale For Shaakichiuwaanaan Project Financing

$PMET.TO

Research48d ago

Piper Sandler Initiates Agilysys at Overweight With $110 Price Target

Agilysys (AGYS) has an average rating of buy and mean price target of $127.33, according to analysts polled by FactSet.(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://finwires.com/en/contact)

$AGYS

Mining & Metals48d ago

Versabank Reorganisation Will Cause Versa Bancorp, a new Delaware Corporation (Parent), To Become Holding Co of VersaBank and VersaBank USA National Association

$VBNK.TO

Asia48d ago

Tian Cheng to Launch New Game in China

Tian Cheng (HKG:2110) will launch its new game "Reign of Nightfall" in Mainland China on Friday, June 5, according to a Wednesday filing with the Hong Kong bourse.The game debuted on April 28, 2025, and has now completed pre-launch testing.

HKG:2110

Mining & Metals48d ago

Versabank Files With SEC On Reorganisation

$VBNK.TO

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Mining & Metals48d ago

Outcrop Silver & Gold With Assay Results From Aguilar Target, Colombia

$OCG.TO