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Citi Downgrades Nexi to Neutral Rating, Cuts PT

Citi on Tuesday downgraded payment technology company Nexi (NEXI.MI) to neutral from buy and decreased its price target to 3.40 euros from 5 euros.(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)

$NEXI.MI

Mining & Metals92d ago

Avanti Helium Makes Initial Installment Payment To Relocate Plant To Montana

Avanti Helium (AVN.V) said Tuesday it has advanced the initial installment payment required to commence the relocation of its helium processing facility to the Sweetgrass helium project in Montana.The payment formally initiates the next phase of development, allowing plant optimization work, disassembly, logistics coordination, and mobilization activities to begin immediately, Avanti said.The company said it continues to target first helium production by mid-2026.Avanti expects Sweetgrass to become one of the few new U.S. domestic helium production facilities, amid tight global helium markets.The company's share price rose 5.5% on Monday to $0.58 on the TSX Venture Exchange.

$AVN.V

Mining & Metals92d ago

Savaria Targeting $1.6 Billion Revenue by End 2030

Savaria (SIS.TO) Tuesday said it is targeting a top-line revenue increase of 12% annually over the next five years, to reach $1.6 billion at the end of 2030.The company, which provided an update on its five-year financial targets under its Savaria One framework, said it would maintain adjusted EBITDA margins of 20%. This would increase adjusted EBITDA per share to $4.25 by 2030, a statement said.In 2023, Savaria launched a transformation plan called Savaria One to unlock value across the business. The program helped the company deliver $913.5 million in revenue in 2025 with an adjusted EBITDA margin exceeding 20%, the company said.For the fiscal first quarter, Savaria is guiding to a 7% revenue increase to $235 million. Adjusted EBITDA is expected to be $48 million, 18% above last year, representing an adjusted EBITDA margin of 20%.The company will host its second investor day today."At today's investor event, I can say that the last three years mark a historic time for Savaria. We invested significantly in ways we had not in the past - with our people and processes. Taking the time and effort to evaluate so much of what we do and improve it is like a major home renovation. We didn't cut corners, we really did our best work and the end result is a very solid, well-built house that will last us years," said Marcel Bourassa, executive chair.Savaria shares closed down $0.22, to $29.95, on Monday on the Toronto Stock Exchange.

$SIS.TO

Asia92d ago

China Datang Renewable Power's Output Slides 21% in March

China Datang Renewable Power's (HKG:1798) power generation in March slipped 21% year over year to nearly 2.8 million megawatt-hours, according to a Tuesday Hong Kong bourse filing.Of the total, wind power output slipped 26% to 2.3 million megawatt-hours, while photovoltaic power generation jumped 22% to 455,301 megawatt-hours.As of March 31, total output fell 9.4% to 8.9 million megawatt-hours. Of this, wind power generation declined 13% to 7.7 million megawatt-hours and photovoltaic power generation increased 21% to 1.2 million megawatt-hours.

HKG:1798

Treasury92d ago

Sen. Scott Says Warsh Hearing for Fed Chair to Take Place Next Week, Bloomberg Reports

Mining & Metals92d ago

The Descartes Systems Expands AI Innovation on Global Logistics Network With Fleet Data Intelligence Platform

The Descartes Systems Group (DSG.TO, DSGX) announced Tuesday that it expanded artificial intelligence capabilities on its Global Logistics Network (GLN) with the introduction of the Descartes Fleet Data Intelligence platform.The company said the platform combines a new AI agent and machine learning (ML) capabilities to enhance on-time delivery, strengthen service level compliance and reduce cost per delivery while providing the visibility needed to measure, sustain and scale fleet performance improvements over time."For fleets operating private or dedicated distribution networks, the highest-impact opportunity for AI lies in improving real-world execution," said Descartes Fleet Management General Manager James Wee. "With the Fleet Data Intelligence platform, we apply AI to the trusted execution data flowing through the GLN to separate signal from noise and turn everyday fleet operations into a continuous source of learning and improvement."Shares of the company closed up 5% to $91.69 on Monday on the Toronto Stock Exchange.

$DSG.TO

Mining & Metals92d ago

AGF Management Q1 Net Income Attributable to Equity Owners of the Company, Total Adjusted Net Revenue Fall; Increases Quarterly Dividend Per Share by 8%

AGF Management (AGF-B.TO) on Tuesday reported a lower first-quarter net income attributable to equity owners of the company and total adjusted net revenue, while announcing an 8% increase in quarterly dividend.First-quarter net income attributable to equity owners of the company was reported at C$18 million or $0.27 diluted earnings per share, compared to $30.9 million or $0.46 diluted EPS in the corresponding year-ago quarter.The company reported first-quarter adjusted net income attributable to equity owners of $19.7 million or $0.30 adjusted diluted earnings per share, compared to $32.1 million or $0.48 adjusted diluted EPS for the comparative prior year period. The consensus estimates compiled by FactSet for Non GAAP EPS was $0.50 per share.Total adjusted net revenue for the first quarter was reported at $95.3 million, compared to $111.5 million in the corresponding year-ago quarter.The company also said that its board declared a dividend of 13.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company, representing an 8% increase.This dividend will be payable on April 30, 2026 to shareholders of record on April 21, 2026."Our business continues to demonstrate its durability as a result of our multi-year strategy to diversify across asset classes and client channels allowing us to navigate the impacts of the current economic environment while maintaining our strong balance sheet," said Judy Goldring, Chief Executive Officer, AGF.

$AGF-B.TO

Research92d ago

Celestica Price Target Raised to US$425 at CIBC

CIBC Capital Markets raised its price target on Celestica Inc. (CLS.TO, CLS) to US$425 from US$360.Analyst Todd Coupland maintained an Outperformer rating on shares of the Canadian electronics manufacturing services company ahead of its fiscal Q1 results on April 27."We continue to view management's guidance - and current FactSet consensus for Q1 and 2026 - as conservative, reflecting improved visibility into capex plans at key hyperscalers (GOOGL, META, AMZN) and OpenAI," Coupland said in a note to clients."Since March 2022, results have exceeded consensus by an average of ~5% on revenue and ~10% on EPS," the analyst said. "Notably, the 2025 results were ~20% higher than the initial Outlook provided in October 2024.""Recent announcements suggest this trend has continued and is pulling forward customer demand from 2027 into 2026, supporting our positive thesis," Coupland said."We raised our target multiples for Celestica to reflect improved visibility to upward revisions in AI datacentre capex spending from significantly improved model performance."

$CLS$CLS.TO

Asia92d ago

Cloud Factory Technology, Directors Censured by Hong Kong Bourse Over Disclosure Discrepancies

Cloud Factory Technology (HKG:2512) and four directors have been subjected to a censure imposed by the Hong Kong Stock Exchange, according to a Tuesday filing by the bourse.The action comes as a result of material discrepancies found between disclosures in profit and working capital forecast submitted to the bourse in June 2024, and a prospectus published earlier the same month.The censured individuals comprise CEO Sun Tao, executive directors Jiang Yanqiu and Ji Lijun, and former executive Director Zhu Wentao.The bourse has directed the data center services provider to appoint a compliance adviser for two years, and Sun, Jiang, Ji to attend 18 hours of training on regulatory and legal topics and Listing Rule compliance.Zhu has been instructed to attend 18 hours of training as a pre-requisite of any future director appointment of a listed firm.

HKG:2512

Mining & Metals92d ago

Eldorado Gold Says Completed Acquisition of Foran Mining

$ELD.TO$FOM.TO

Mining & Metals92d ago

Orosur Mining Up In UK Trade After Announcing New Mineralised Zone Discovered Near Pepas; Rose 10% In Canada on Monday

Orosur Mining (OMI.V and AIM:OMI), which saw its shares gain more than 10% in Canada yesterday and was at last look up 15% in UK afternoon trade, announced earlier Tuesday an update on the progress of exploration activities at its exploration project at Anza in Colombia.Among highlights, OMI said a new mineralised zone was discovered near Pepas, while drilling 100m west of Pepas intersected "significant" gold mineralisation. "Mineralised material visually similar to Pepas with evidence of the same mineralising events," the company added.Shares in OMI rose $0.035 or 10.6% to $0.365 in Canada yesterday.

$OMI.V

Research92d ago

Argus Initiates Coverage on AppLovin With Buy Rating, $520 Price Target

AppLovin (APP) has an average rating of Buy and mean price target of $652.68, 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)

$APP

Mining & Metals92d ago

Chemtrade Exploring Alternatives After Rejection of Rezoning Application for North Vancouver Chlor-Alkali Facility

Chemtrade Logistics Income Fund (CHE-UN.TO) said Tuesday that it is exploring legal action and other alternatives after the District of North Vancouver Council rejected the company's rezoning application for the North Vancouver chlor-alkali facility.The company said the rezoning would have allowed safety upgrades and continued liquid chlorine production at the facility beyond 2030.Chemtrade said the closure of the facility, which produces over 40% of Canada's liquid chlorine supply, would have a significant impact on the country."Without chlorine production from our facility, Canada could become reliant on foreign trading partners to secure additional production of chlorine, a product critical to the health and safety of millions," President and Chief Executive Officer Scott Rook said.The company said it intends to engage with the council and other officials to proceed with the planned safety upgrades and secure long-term operations.

$CHE-UN.TO

Japan92d ago

S&P 500 Rebound, Optimism for US-Iran Deal Drive US Equity Futures Higher Pre-Bell

US equity futures were edging higher pre-bell Tuesday following a rebound in the S&P 500 as traders were optimistic that a deal could still be reached between US and Iran despite a breakdown in negotiations over the weekend.Dow Jones Industrial Average futures were flat, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.5% higher.The S&P 500 rose over 1% on Monday, erasing losses incurred since the beginning of the Middle East conflict.President Donald Trump said Monday that Iran had reached out to the US and wanted to "make a deal very badly."Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.2% at $99.14 per barrel and US West Texas Intermediate crude 1.4% lower at $97.72 per barrel.The March Producer Price Index, scheduled for release at 8:30 am ET, is expected to show a 1.1% increase following a 0.7% gain in the preceding month, according to estimates compiled by Bloomberg.

Dow JonesNasdaq CompositeS&P 500

Asia Markets93d ago

Emirati Equities Rebound as Hopes of New US-Iran Peace Talks Lift Sentiment

Shares in the United Arab Emirates were back in the green as prospects of peace talks resumption between the US and Iran lifted investor sentiment.At the close of Tuesday trading, the FTSE ADX General Index was up 0.556%, while the DFM General Index added 0.904%.Multiple media outlets reported that the US and Iran could return to Pakistan this week to hold a fresh round of talks after achieving no breakthrough in their previous negotiations. US President Donald Trump also said that Iran reached out to resume negotiations amid the US blockade of its ports."The fact that the two sides seem to be discussing the timeline, and apparently back-channel diplomacy has continued, we think a deal is possible but it will most likely require several rounds of talks, and meanwhile, the war could escalate," Danske Bank said in a note.Zooming in at home, the Central Bank of the UAE agreed to collaborate with Bangko Sentral ng Pilipinas to streamline cross-border payments, bolster bilateral trade, and establish infrastructure for finance and digital assets.On the corporate side, Aldar Properties (ADX:ALDAR) was the Abu Dhabi bourse's most traded stock by value and ended 3.70% in the green. The real estate developer launched the first phase of the Yas Park Place residential community in Yas Island.Elsewhere, Parkin Co. (DFM:PARKIN) partnered with Binghatti Holding to integrate its advanced parking capabilities into a portfolio of 1,200 parking spaces across Binghatti developments in the Jumeriah Village Circle, Al Jaddaf, and Business Bay areas. The parking spaces operator's stocks closed the session 3.00% higher.

^DFMGI^FADGIADX:ALDARDFM:PARKIN

Research93d ago

Eldorado Gold Price Target Lowered to US$40 at TD

TD Securities lowered its price target on Eldorado Gold Corp. (ELD.TO, EGO) to US$40 from US$45 on Tuesday.Analyst Steven Green maintained a Hold rating on shares of the Canadian gold and base metals producer."We have updated our model to reflect EGO's acquisition of Foran Mining Corp. (FOM.TO), which is nearing close," Green said in a note to clients."While the transaction moves the centre of gravity toward Canada, improving the geopolitical risk profile, we view the deal as relatively expensive at ~1.5x NAV and near-term dilutive," the analyst said."We expect execution overlap with Skouries and limited near-term FCF to weigh on sentiment."

$EGO$ELD.TO

Mining & Metals93d ago

OR Royalties Up 1% In US Premarket As Buys Precious Metals Stream on Canadian Copper's New Brunswick Assets

OR Royalties (OR.TO) was at last look up 1% in US premarket trade after the company said it is acquiring a precious metals stream on Canadian Copper's (CCI.CN) New Brunswick assets for US$28.0 million.A statement noted the assets comprise the Murray Brook properties and the Caribou property, and include the Caribou Processing Plant.OR Royalties will pay US$5.0 million cash upon closing, with US$23.0 million funded quarterly in line with project construction budgets, a statement said. A US$35.0 million concentrate prepayment facility has been provided by Ocean Partners UK, securing the full construction financing required to advance the project into commercial production.Concurrent with closing, OR Royalties will subscribe to US$4.0 million in Canadian Copper shares at C$0.75 apiece.Canadian Copper will deliver refined silver and gold equal to 20% of the payable silver and gold in concentrate or any other product for the life of mine to OR Royalties. This does not include payable gold from Murray Brook."Canadian Copper's Murray Brook Project checks all of our strategic boxes; the integration of Murray Brook and the Caribou Complex creates a premier brownfield polymetallic project with significant precious metals credits in a Tier-1 mining jurisdiction. Thanks to existing infrastructure and strong alignment with local stakeholders, the project benefits from a significantly accelerated development timeline. We are excited to partner with Canadian Copper as they advance toward a mine-and-mill restart, which is expected to deliver high-margin GEOs to OR Royalties before the end of the decade," said OR Royalties chief executive Jason Attew.OR Royalties shares closed down $0.12, to $54.44 on Monday on the Toronto Stock Exchange.

$CCI.CN$OR.TO

Mining & Metals93d ago

Enthusiast Gaming Q4 Net Loss Narrows

Enthusiast Gaming Holdings (EGLX.TO) on Tuesday reported a narrowed net loss in the fourth quarter of fiscal year 2025.For the three months ended Dec. 31, 2025, the company reported net loss of $6.0 million or net loss per basic and diluted share of $0.04, compared with $83.6 million or $0.54 loss per share, a year-ago, primarily due to the decrease in Q4 2025 goodwill and intangible asset impairment charges of $81.9 million.Revenue decreased to $8.9 million in the quarter compared with $10.6 million in Q4 2024, with the majority of the decline being attributable to a reduction in the number of low-margin third-party network websites represented by the company for web programmatic inventory as a result of its decision to focus on developing its owned and operated websites."We delivered record Adjusted EBITDA of $2.4 million in the quarter, the highest in company history by a wide margin, alongside an Adjusted EBITDA margin of approximately 27%," said Enthusiast Gaming Chief Executive Alex Macdonald. "Importantly, this level of profitability was achieved while directing a significant portion of our spend toward R&D and future growth, underscoring the quality of the earnings we delivered.""These results were also achieved despite a muted advertising backdrop and were accompanied by gains in working capital and cash," Macdonald added.The company also announced that Sara Slane tendered her resignation from its board of directors.Shares of the company closed up 16% to $0.035 on Monday on the Toronto Stock Exchange.

$EGLX.TO

US Markets93d ago

Stocks Rise Pre-Bell Amid Hopes of Renewed US-Iran Peace Talks; Big Bank Earnings, PPI Data on Deck

US equity futures were trending higher on Tuesday amid media reports that the US and Iran may revive their peace talks, while investors await the latest financial results of some of Wall Street's largest banks and data on wholesale prices.The S&P 500 rose 0.2%, the Dow Jones Industrial Average edged up 0.1% and the Nasdaq added 0.4% in premarket activity. The indexes finished the previous trading session higher, with the Nasdaq recording gains for the ninth consecutive day.The US and Iran are considering holding another round of negotiations before their current two-week ceasefire expires next week, Bloomberg News reported Tuesday, citing people familiar with the matter.President Donald Trump reportedly said Monday that "the right people" have reached out to Washington "and they want to work a deal." Delegations from the US and Iran were unable to reach a deal during negotiations in Pakistan over the weekend.In an interview with Fox News, Vice President JD Vance said it was up to Iran to make the next move on peace talks with the US, according to CNBC. "Whether we have further conversations, whether we ultimately get to a deal, I really think the ball is in the Iranian court, because we put a lot on the table," Vance reportedly said.The US navy on Monday started a blockade of Iranian ports in the crucial Strait of Hormuz.West Texas Intermediate crude oil declined 2.6% to $96.53 a barrel before the opening bell, while Brent decreased 1.2% to $91.88.The International Energy Agency said Tuesday it expects oil demand to fall by 80,000 barrels per day this year as the Middle East war "upends" its global outlook. "Demand destruction will spread as scarcity and higher prices persist," the IEA said.On Monday, the Organization of the Petroleum Exporting Countries lowered its second-quarter oil demand forecast due to the Middle East conflict, but maintained its full-year estimates amid expectations for a rebound in the second half.JPMorgan Chase (JPM), Wells Fargo (WFC) and Citigroup (C) are some of the banking giants scheduled to report their latest quarterly earnings before the bell, along with Johnson & Johnson (JNJ), BlackRock (BLK) and Albertsons (ACI).Goldman Sachs (GS) posted first-quarter results above market estimates on Monday, while Chief Executive David Solomon said a protracted Middle East conflict could pose upside risks to inflation. Bank of America (BAC) and Morgan Stanley (MS) post their results on Wednesday.Last month's producer price index, a measure of wholesale prices, is slated to be released at 8:30 am ET. Last week, government data showed that consumer inflation accelerated to its highest monthly reading in nearly four years in March as the Middle East conflict sent energy prices sharply higher.Treasury yields were down in premarket action, with the two-year rate retreating 1.9 basis points to 3.76% and the 10-year rate off 1.6 basis points to 4.28%.Federal Reserve Governor Michael Barr is set to speak at 12:45 pm, while Chicago Fed President Austan Goolsbee speaks earlier at 12:15 pm.Shares of Oracle (ORCL) added 4.2% pre-bell after closing the previous trading session up 13% as the company said it introduced artificial intelligence-focused updates to its utilities software suite. Avanos Medical (AVNS) surged 68% after the firm agreed to be acquired by American Industrial Partners affiliates in a deal worth $1.27 billion.Gold inclined 0.8% to $4,804 per troy ounce pre-bell, while bitcoin advanced 2% to $74,609.

Dow JonesNasdaq CompositeS&P 500$ACI$AVNS$BAC$BLK$C$GS$JNJ$JPM$MS$ORCL$WFC

Commodities93d ago

Gaubert Oil Signs Letter of Intent to Acquire Wholesale Division of Buffalo Services

Gaubert Oil said Monday it has signed a letter of intent to acquire the wholesale and transportation division of Buffalo Services.Both parties indicated that the deal aligns with their respective long-term strategic goals, though specific financial terms of the agreement were not immediately disclosed.The transaction remains subject to customary due diligence and final closing conditions, the company noted.The proposed transaction encompasses Buffalo's unbranded commercial fuels distribution business along with all related transportation operations, marking a significant consolidation of regional energy logistics.

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US Markets93d ago

Stocks Rise Pre-Bell Amid Hopes of Renewed US-Iran Peace Talks; Big Bank Earnings, PPI Data on Deck

Dow JonesNasdaq CompositeS&P 500$ACI$AVNS$BAC$BLK$C$GS$JNJ$JPM$MS$ORCL$WFC