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Belo Sun Mining Provides Update on Volte Grande Project

Belo Sun Mining (BSX.TO) expects to provide a comprehensive update on the Volte Grande Project in Brazil by the end of the second quarter, the company said on Friday.Belo Sun was re-issued the installation license (LI) with updated conditions, for the project last February, and has since been working with the authorities to clarify the technical work required to satisfy the conditions. The update will outline the next phase of work as the project advances toward construction.The new LI, which is valid until April 2029, maintains the same project scope, studies, and layout, and allows Belo Sun to advance the project, the company added."The reissued Installation License is an important step forward for the Project and provides greater clarity on the permitting framework. We are encouraged by SEMAS's constructive and collaborative approach following the reinstatement of the LI, and by the ongoing dialogue as we work together to advance the Project to maximize its benefits for all stakeholders. Our focus remains advancing the Project responsibly while supporting employment, training and economic opportunities for local communities," said chief executive Clovis Torres.Belo Sun shares closed down $0.02, to $1.20 on Thursday on the Toronto Stock Exchange.

$BSX.TO

Mining & Metals55d ago

Bengal Energy Upsizes Non-Brokered Private Placement

Bengal Energy (BNG.TO) increased the size of its previously disclosed non-brokered private placement to $1.525 million, from $1.515 million, it said overnight Thursday.The company will issue an additional 285,714 common shares at $0.035 apiece. The offering is expected to close on or about May 4.All other terms of the offering remain the same, it added.Shares of the company closed up 14% to $0.04 on Thursday on the Toronto Stock Exchange.

$BNG.TO

Research55d ago

Stifel Nicolaus Initiates Coverage on Evommune With Buy Rating, $54 Price Target

Evommune, Inc. (EVMN) has an average rating of Buy and mean price target of $52, 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://www..com/contact-us)

$EVMN

Research55d ago

Research Alert: Mga: Q1 Earnings Well Ahead Of Expectations; Guidance Revisions Mixed

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Magna International (MGA) posted Q1 adjusted EPS of $1.38 vs. $0.78 (+77%), well ahead of the $1.01 consensus, owing to much stronger-than-expected sales and margins, as revenue rose 3.1% to $10.38B ($110M above consensus) and adjusted EBIT margin expanded 190 bps to 5.4% (120 bps above consensus). MGA lowered 2026 revenue guidance to $41.5B-$43.1B from $41.9B-$43.5B (current consensus: $42.4B). The only other change to previous guidance was a reduction in its net interest expense expectation to $165M from $180M. Other prior guidance was unchanged. While the company did not raise full-year EPS guidance, we think a raise is now more likely given the magnitude of the beat, although we think management's caution is understandable given current macro uncertainties. Given MGA's broad product diversification across the automotive parts and equipment space, and status as the largest North American auto supplier, we think the strength of its Q1 results has positive implications for other auto suppliers.

$MGA

Mining & Metals55d ago

TC Energy's Q1 Comparable Earnings Climb YoY, Approves Columbia Gas Expansion Project

TC Energy (TRP.TO)'s comparable earnings rose year over year in the first quarter, the company said in a Friday report.Comparable earnings were C$1.03 billion, or $0.99 per share, up from $983 million, or $0.95 per share. The result beat the non-GAAP earnings per share consensus estimate of $0.97, as compiled by FactSet.Comparable EBITDA was $3.09 billion, an increase from $2.71 billion.The company reaffirmed its 2026 comparable EBITDA guidance of $11.6 billion to $11.8 billion. Comparable EBITDA and comparable EPS in 2026 are expected to be higher than in 2025, consistent with TC Energy's 2025 annual report.Capital expenditures are expected to be $6.0 billion to $6.5 billion prior to adjustments for non-controlling interests, or $5.5 billion to $6.0 billion of net capital expenditures.Additionally, TC Energy has approved the Appalachia Supply Project, an expansion of its Columbia Gas system designed to provide up to 0.8 billion cubic feet per day of capacity to facilitate expanded new natural gas-fired power generation.The project is expected to begin service in 2030 and is estimated to cost about US$1.5 billion.TC Energy's board declared a quarterly dividend of $0.8775 per common share for the quarter ending June 30, or $3.51 on an annualized basis. The dividend is payable on July 31 to shareholders of record at the close of business on June 30.

$TRP.TO

Research55d ago

Needham Initiates Coverage on Alpha and Omega Semiconductor With Strong Buy Rating, $50 Price Target

Alpha and Omega Semiconductor (AOSL) has an average rating of overweight and mean price target of $24, 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://www..com/contact-us)

$AOSL

Equities55d ago

HF Sinclair Swings to Q1 Adjusted Earnings, Revenue Rises

HF Sinclair (DINO) reported Q1 adjusted earnings Friday of $0.69 per diluted share, swinging from a loss of $0.27 a year earlier.Analysts surveyed by FactSet expected a loss of $0.06.Sales and other revenue for the quarter ended March 31 was $7.12 billion, up from $6.37 billion a year earlier.Analysts polled by FactSet expected $6.83 billion.

$DINO

Mining & Metals55d ago

Earnings Flash (UNI.TO) Unisync Corp. Reports Q2 Revenue $28.7M; Adjusted EBITDA Increased to $4.7M, Up 16.4%

$UNI.TO

Wire55d ago

Moderna Q1 Loss Widens, Revenue Rises; Reiterates 2026 Revenue Outlook

Moderna (MRNA) reported a Q1 net loss Friday of $3.40 per diluted share, widening from a loss of $2.52 a year earlier.Analysts polled by FactSet expected a loss of $4.45.Revenue for the quarter ended March 31 was $389 million, up from $108 million a year earlier.Analysts surveyed by FactSet expected $236.4 million.For 2026, the company said it continues to target 10% revenue growth year over year. Analysts polled by FactSet expect $2.10 billion.Shares of the company were over 8% higher in Friday premarket activity.Price: $49.71, Change: $+3.85, Percent Change: +8.38%

$MRNA

Mining & Metals55d ago

Brookfield Renewable Q1 Per Unit Loss US$0.40 Vs Loss $0.35 a Year Earlier; FFO Per Unit $0.55 Vs $0.48

$BEP-UN.TO$BEPC.TO

Research55d ago

Badger Infrastructure Solutions Upgraded To Outperform From Sector Perform, Target C$74 Unchanged at National Bank, With Bk "Using Current Downdraft To Go Long"

$BDGI.TO

Equities55d ago

Exxon Mobil Q1 Adjusted Earnings Fall, Revenue Rises

Exxon Mobil (XOM) reported Q1 adjusted earnings Friday of $1.16 per diluted share, down from $1.76 a year earlier.Analysts polled by FactSet expected $0.98.Revenue and other income for the quarter ended March 31 was $85.14 billion, compared with $83.13 billion a year earlier.Analysts polled by FactSet expected $81.13 billion.

$XOM

Research55d ago

Raymond James Downgrades Beacon Financial to Market Perform From Strong Buy, Removes $33 Price Target

Beacon Financial (BBT) has an average rating of overweight and mean price target of $34 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://www..com/contact-us)

$BBT

Commodities55d ago

Japanese Firm Eneos Explora to Acquire 10% Stake in Petronas Malaysia LNG Tiga

Malaysian state-owned Petronas said Thursday Japanese energy firm Eneos Xplora will re-enter its subsidiary Malaysia LNG Tiga by acquiring a 10% equity stake, after the previous joint venture agreement expired in 2023.Once the transaction is finalized, subject to closing conditions, Eneos will again become a part of MLNG Tiga for the next ten years, Petronas said.MLNG Tiga produces liquefied natural gas from offshore fields and supplies gas to Japanese buyers. It began operations in 2003, and has since seen the collaboration between Eneos and Petronas.The SK-10 block, located off the coast of Sarawak and operated by Eneos, is part of the development, the company said.Eneos, in 2016, had also begun its participation in an LNG liquefaction plant operated by another Petronas subsidiary, Petronas LNG 9, it said.

Mining & Metals55d ago

Earnings Flash (REAL.TO) Real Matters Posts Q2 Adjusted EPS US$0.01 per Share

$REAL.TO

Mining & Metals55d ago

Real Matters Q2 Consolidated Net Income of US$1.2M up from a Net Loss of $2.2M in Q2'25

$REAL.TO

Asia55d ago

Yamato's Profit Plunges Down 64% in Fiscal Year 2025

Yamato (TYO:1967) profit attributable to owners of the parent plunged 64% to 13.7 billion yen in fiscal year 2025 from 37.9 billion yen a year earlier.The Japanese general contractor's basic earnings per share decreased to 43.07 yen from 111.87 yen a year ago, according to a Tokyo bourse filing on Thursday.Operating revenue increased 5.8% to 1.865 trillion yen for the year ended March 31, from 1.762 trillion yen in the previous fiscal year.Yamato declared a final dividend of 23 yen per share.For fiscal year 2026, the company expects attributable profit of 24 billion yen, basic EPS of 75.79 yen and operating revenue of 1.920 trillion yen.Shares of Yamato rose more than 3% at market close.

TYO:1967

Asia55d ago

Mirae Asset Securities Upgrades Mphasis to Buy from Add; Price Target is INR2,690

Mphasis (NSE:MPHASIS, BOM:526299) has an average rating of overweight and mean price target of 2,716.19 Indian rupees, 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://www..com/contact-us)

BOM:526299NSE:MPHASIS

Mining & Metals55d ago

Real Matters Q2 Consolidated Revenues of US$47.2M, up 27% YoY

$REAL.TO

Research55d ago

Macquarie Upgrades DBS Group to Neutral from Underperform; Price Target is SG$52.38

DBS Group (SGX:D05) has an average rating of overweight and mean price target of SG$60.12, 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://www..com/contact-us)

SGX:D05

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