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Cerrado Gold Reports Increase in Q2 Production YoY

Cerrado Gold (CERT.V) reported second-quarter production of 15,415 gold equivalent ounces, up from 11,437 gold equivalent ounces in the year-ago quarter, from the Minera Don Nicolas Mine in Argentina.Cerrado sold 15,887 gold equivalent ounces during the quarter, up from 10,886 gold equivalent ounces in the same quarter a year ago, the company said Monday.Cerrado maintained its 2026 production guidance of 50,000 to 60,000 gold equivalent ounces.

$CERT.V

Research27d ago

TD Cowen Initiates Kardigan at Buy With $46 Price Target

$KARD

Research27d ago

JPMorgan Initiates Kardigan at Overweight With $51 Price Target

$KARD

Research27d ago

Jefferies Initiates Kardigan at Buy With $40 Price Target

$KARD

Research27d ago

Guggenheim Initiates Coverage on BrightSpring Health Services With Buy Rating, $81 Price Target

$BTSG

Treasury27d ago

TD Expects Bank of Canada to Hold Rates at 2.25% This Week as Economy Shows Resilience

The Bank of Canada is expected to maintain its policy rate at 2.25% at this week's policy meeting, as recent data reinforces the view that the economy is resilient despite elevated uncertainty, TD Economics said in a note Friday.A recovery in trade and continued labor market resilience suggest activity remains supported, wrote the bank in a note. At the same time, the absence of significant oil price pass-through into inflation reduces the need for near-term policy action.The BoC is slated to release its policy decision on Wednesday.Last week's "trade surprised to the upside, while another month of job gains, albeit modest, suggest the economy remains in a low gear, but has shaken off recession concerns," wrote TD Economist Maria Solovieva in the note.Despite monthly volatility, the job market conditions continue to improve, added TD after Friday's Labour Force Survey for June. Employment has increased year-on-year, led by gains in full-time and private-sector employment, while the unemployment rate has fallen slightly faster than expected. The youth jobless rate also eased to 12.7%, down from September's peak of 14.6%.Trade data provided further evidence of improving economic momentum, with Canada's merchandise trade surplus widening to C$4.2 billion in May and extending the gains seen in recent months.However, "elevated trade policy uncertainty continues to weigh on business and household confidence," said TD. The BoC's latest surveys highlighted ongoing "caution" among businesses and consumers. Business sentiment remained weak in Q2, marked by softer hiring plans and subdued demand, while consumer inflation expectations edged slightly higher.

$CXY

Research27d ago

Stifel Nicolaus Initiates Coverage on Candel Therapeutics With Buy Rating, $22 Price Target

$CADL

Oil & Energy27d ago

Europe Most Exposed to Jet Fuel Supply Risks Despite Diversifying

Despite importing jet fuel from the US and Asia, raising refinery output and drawing on inventories to keep planes flying, Europe remains the most exposed to supply constraints resulting from tensions in the Middle East, according to a Reuters report citing several data sources.Consultancy Energy Aspects expects the region to face a jet fuel supply deficit of nearly 600,000 barrels per day during the third quarter.Meanwhile, the US and Asia-Pacific are set to see surpluses of 116,000 bpd and 425,000 bpd, respectively, highlighting Europe's unusually tight market conditions.Energy Aspects estimated that European jet fuel inventories stood at 38 million barrels at the beginning of June, compared to 99 million barrels at the same time in the US.This comes despite jet fuel inventories provisionally higher by 10% year-over-year at the end of May, while refinery throughput increased by 30%, suggesting the region has maintained only modest inventory buffers despite higher production, according to data from the International Energy Agency.To offset unreliable supplies from the Middle East, Europe has reportedly sought alternatives, having imported 673,000 bpd of jet fuel in June, largely from the US and Nigeria, alongside Canada, India, Kuwait and South Korea, according to data from Kpler.Despite these constraints, jet fuel prices in Northwestern Europe have retreated to about $133.27 per barrel from a record $215.32 per barrel reached at the end of March, according to the report, offering some relief for airliners.

Research27d ago

HC Wainwright Initiates Apyx Medical at Buy With $7 Price Target

Apyx Medical (APYX) has an average rating of buy and mean price target of $6.60, 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)

$APYX

Research27d ago

Benchmark Company Initiates Coverage on Deep Fission With Buy Rating, $20 Price Target

$FISN

Research27d ago

KeyBanc Initiates SiteOne Landscape Supply at Overweight With $145 Price Target

SiteOne Landscape Supply (SITE) has an average rating of overweight and mean price target of $158.33, 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)

$SITE

Research27d ago

Rothschild & Co Redburn Initiates Coverage on MSC Industrial Direct With Buy Rating, $155 Price Target

$MSM

Mining & Metals27d ago

Leading Edge Materials Plans to Raise C$6 Million Through Non-Brokered Private Placement

Leading Edge Materials (LEM.V) plans to raise C$6 million through a non-brokered private placement of 24 million units priced at C$0.25 each, it said in a statement.Each unit will be made up of a share and a two-year warrant that will entitle the holder to buy a share at C$0.40 apiece, the company said.Insiders are expected to participate in the private placement and the company's cornerstone shareholder, Eric Krafft, has agreed to subscribe for any units not purchased by investors, it said.Net proceeds are slated to advance the company's projects in Sweden and Romania, as well as for general working capital and corporate purposes, Leading Edge said.

$LEM.V

Japan27d ago

Collective Mining Secures Additional Mining Titles Near Guayabales Project in Colombia

Collective Mining (CNL.TO) has been granted additional mining titles by the Colombian National Mining Agency, following a public hearing in the municipality of Supia.The newest titles are in the area of the company's Guayabales Project area and are expected to improve Collective's long-term exploration flexibility. The titles also provide additional optionality for future infrastructure planning, access and district-scale target generation, a statement said.These mining titles are in addition to the ones that were granted on April 10.Collective has so far completed 184,000 meters of diamond drilling across the Guayabales and San Antonio projects.It confirmed that it has $113.3 million in cash and is fully funded for its 2026 program, which includes up to 100,000 meters of drilling. Collective has 13 diamond drill rigs across the Guayabales Project.

$CNL.TO

Asia Markets27d ago

Strait of Hormuz Squeezes Wall Street Pre-Bell; Asia, Europe Off

Wall Street futures pointed lower pre-bell Monday as the status of the Strait of Hormuz remained uncertain, and as crude prices gained.Tehran said the key waterway is closed, but US officials have said they are keeping shipping lanes open.In the futures, the S&P 500 fell 0.3%, the Nasdaq declined 0.9% and the Dow Jones was steady.West Texas Intermediate crude oil traded up 3.2% at $73.72 in morning action.Meanwhile, traders gird for a heavy week of earnings releases, including premarket reports on Tuesday from financial behemoths JPMorgan (JPM), Bank of America (BAC), Wells Fargo (WFC), Goldman Sachs (GS), and Citigroup (C).In addition, Federal Reserve Chair Kevin Warsh's first semi-annual monetary policy reports to Congress are slated for Tuesday and Wednesday, possibly signal events for gauging the mood of the central banker.Investors are also looking ahead to the June consumer price index (CPI) release from Washington on Tuesday, and the June national retail sales bulletin on Thursday.Asian exchanges traded mostly lower overnight, led by a 9% decline on Seoul's KOSPI Index, when semiconductor giants Samsung Electronics and SK Hynix took hits.European bourses tracked modestly south midday on the continent.Federal Reserve board members Michelle Bowman and Christopher Waller are slated to speak on Monday.In premarket action, Bitcoin traded at $63,035, and 10-year US Treasuries offered 4.57%. Spot gold commanded $4,068 an ounce.

Dow JonesNasdaq CompositeS&P 500$BAC$C$GS$JPM$WFC

Asia27d ago

Doutor Nichires' Attributable Profit Jumps 31% in Fiscal Q1

Doutor Nichires' (TYO:3087) profit attributable to owners of the parent jumped 31% to 2.72 billion yen in the fiscal first quarter from 2.07 billion yen a year earlier.The coffee processor and seller's basic earnings per share rose to 64.84 yen from 47.83 yen a year ago, according to a Tokyo bourse filing on Monday.Net sales rose 8.2% to 42.5 billion yen in the three months ended May 31 from 39.3 billion yen a year ago.The company did not declare a dividend for the quarter.The company expects to pay a year-end dividend of 30 yen per share for the fiscal year ending Feb. 28, 2027.For the fiscal year ending Feb. 28, 2027, the company expects net sales of 166.5 billion yen, profit attributable to owners of the parent of 7.6 billion yen and basic earnings per share of 179.80 yen.

TYO:3087

International27d ago

India's Retail Inflation Accelerates to 4.38% in June

India's annual retail inflation accelerated to 4.38% in June, according to data from the Ministry of Statistics and Programme Implementation (MoSPI) released on Monday.The reading was higher than the consensus forecast of 4.3% tracked by Investing.com, and compared with the 3.93% pace recorded in the previous month.Food inflation, measured by the Consumer Food Price Index, rose to 5.32% from 4.78% the prior month, while housing inflation edged down to 2.1%.

^BSENifty 50

Research27d ago

Leerink Partners Initiates Kardigan at Outperform With $37 Price Target

$KARD

Mining & Metals27d ago

Halmont Properties Launches Normal Course Issuer Bid

Halmont Properties' (HMT.V) notice of intention to make a normal course issuer bid filed with the TSX Venture Exchange (TSXV) has been approved, it said in a statement overnight Friday.The bid allows the company to buy back for cancellation up to 5.8-million of its multiple voting shares, representing 10% of the company's public float as of July 10. The period for the bid will extend from July 16, 2026, to July 15, 2027, it said.Shares of the company closed unchanged at C$1.0 on Friday on the TSXV.

$HMT.V

Asia27d ago

Earth Corporation's Unit Acquires Remaining Shares in Singaporean Environmental Hygiene Firms

Earth Corporation (TYO:4985) said its consolidated subsidiary, Earth Environmental Service, acquired all outstanding shares of Singapore-based cleaning and environmental hygiene management services companies, Marvel Clean and Marvel Home, according to a Monday release.The deal strengthens its business base in Singapore, which the company plans to use as a regional hub for ASEAN business, while eyeing expansion into Indonesia, the Philippines, Malaysia, and India.

TYO:4985

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