Coal Archives - Page 6 of 46

TORONTO, Oct. 01, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) announces that its Board of Directors has granted an aggregate 100,000 stock options to Rachel Goldman, a recently appointed director of the Company. Each stock option is exercisable into one common share of the Company at a price of $0.61 CAD per common share, with vesting over 36 months, and exercisable for a period of five years from the date of grant. The options are granted pursuant to the Company’s Stock Option Plan and will be subject to applicable regulatory hold periods.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

The Wawa Gold Project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,800 hectares in size. The Company’s Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold, in addition to recently appointed Rachel Goldman who holds capital markets expertise and is currently the Chief Executive Officer at Paramount Gold Nevada Corp. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

For more information about the Company, visit www.redpineexp.com

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Tara Asfour, Investor Relations Manager, (514) 833-1957 tasfour@redpineexp.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Here are five stocks added to the Zacks Rank #5 (Strong Sell) List today:

Kirby Corporation KEX operates domestic tank barges. The Zacks Consensus Estimate for its current year earnings has been revised 4.8% downward over the last 30 days.

BHP Group BBL engages in the natural resources business. The Zacks Consensus Estimate for its current year earnings has been revised 22.9% downward over the last 30 days.

AB Electrolux ELUXY manufactures and sells household appliances. The Zacks Consensus Estimate for its current year earnings has been revised 4.3% downward over the last 30 days.

TDK Corporation TTDKY manufactures and sells electronic components. The Zacks Consensus Estimate for its current year earnings has been revised 34.1% downward over the last 30 days.

Weichai Power Co., Ltd. WEICY manufactures and sells diesel engines, automobiles, and other major automobile components. The Zacks Consensus Estimate for its current year earnings has been revised 8.3% downward over the last 30 days.

View the entire Zacks Rank #5 List.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Electrolux AB (ELUXY) : Free Stock Analysis Report

BHP Billiton PLC (BBL) : Free Stock Analysis Report

Weichai Power Co. (WEICY) : Free Stock Analysis Report

Kirby Corporation (KEX) : Free Stock Analysis Report

TDK Corp. (TTDKY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

VANCOUVER, British Columbia, Sept. 30, 2021 (GLOBE NEWSWIRE) — Melior Resources Inc. (TSXV: “MLR”) (“Melior” or the “Company”) refers to its press release of June 28, 2021 regarding the Default Notice received from Pala Investments Ltd (“Pala”) and the subsequent Standstill Agreement entered into with Pala.

The Company announces that it has today entered into a further standstill amending agreement with Pala pursuant to which Pala has agreed to extend the standstill period until October 31, 2021.

Furthermore, Melior has also today entered into a further amended demand promissory note (the “Amended Promissory Note”) with Pala extending the maturity of the loan from September 30, 2021 to October 31, 2021. All other terms of the Amended Promissory Note remain unchanged.

The Company is pleased to announce that the TSX Venture Exchange (“TSXV”) has conditionally approved the proposed reverse takeover transaction (the “Transaction”) with Ranchero Gold Corp. (“Ranchero”), and listing of the resulting company on the TSXV. Final approval of the TSXV is subject to Melior and Ranchero meeting certain conditions required by the TSXV, including approval of a majority of the shareholders of the Company.

Please see the Company’s news releases dated Nov. 2, 2020, Feb. 18, 2021, July 13, 2021, July 19, 2021 and August 4, 2021 for details of the Transaction. Additional information will also be available in the Company’s filing statement that is to be filed under the Company’s profile on SEDAR at www.sedar.com.

MELIOR RESOURCES INC.
Martyn Buttenshaw
Interim Chief Executive Officer
+41 41 560 9070
info@meliorresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Completion of the Transaction is subject to a number of conditions, including but not limited to, shareholder approval. The Transaction cannot close until shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.

The TSXV has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this news release.

Cautionary Note Regarding Forward Looking Statements

This news release contains certain forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends” or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be “forward-looking statements”. Forward-looking statements contained in this news release may include, but are not limited to, the completion of the Transaction.

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements. These risks and uncertainties include, but are not limited to: risks related to regulatory approval and shareholder approval, including the approval of the TSXV, liabilities inherent in mine development and production; geological risks, risks associated with the effects of the COVID-19 virus, the financial markets generally, the satisfaction or waiver of the conditions precedent to the Transaction, the ability of the Company to complete the Transaction and obtain requisite TSXV acceptance and shareholder approvals. There can be no assurance that forward-looking statement will prove to be accurate, and actual results and future events could differ materially from those anticipate in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

CNX Resources Corporation. (CNX) shares rallied 11.1% in the last trading session to close at $12.93. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 5.2% gain over the past four weeks.

CNX Resources Corporation continues to benefit from its low-cost structure and high-quality assets holding. Strong production from Marcellus and Utica shales will enable the company to meet 2021 production target of 540-570 billion cubic feet equivalent (Bcfe).

CNX Resources’ strong free cash flow generation will help the company to meet debt obligation and continue with the share buyback program. During the second quarter, it repurchased 1.6 million shares of common stock at an average price of $13.89 per share for a total cost of $23 million. The company still has $215 million remaining in the share repurchase program. Systematic buyback will continue to boost its earnings.

This company is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of +575%. Revenues are expected to be $421.03 million, up 537.2% from the year-ago quarter.

Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.

For CNX Resources Corporation., the consensus EPS estimate for the quarter has been revised 5% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on CNX going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

CNX Resources Corporation. (CNX) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

TORONTO, Sept. 28, 2021 (GLOBE NEWSWIRE) — (TSXV: TVC) Three Valley Copper Corp. (“Three Valley Copper” or the “Company”) is pleased to provide a corporate and operating update on its 91.1% owned Minera Tres Valles (“MTV”) property near Salamanca, Region de Coquimbo, Chile.

Papomono Masivo Block Caving Underground Construction and Resulting Preliminary Guidance

Construction began on this project in December 2020. Papomono Masivo (“PPM”) has proven and probable reserves of approximately 102 million pounds of contained copper with an average grade of 1.51%⁴. The development of PPM currently is at 71% for horizontal works and 85% for vertical works and the Company’s continued expectation is that PPM will be completed end of 2021/early 2022 with the planned ramp-up of production during 2022.

“We continue to improve the development rate of this project during the month of August (the advance rate being the best month on record), and we expect the fourth quarter’s projected advance rate to be similar,” said Joe Phillips, COO of the Company. “We have completed the critical ventilation shaft and the ore pass which will further accelerate the speed of our continued advance. We remain on track to commence the caving/mining process in December 2021 or early 2022.”

The resulting progress of the PPM project has provided the Company with the opportunity to provide preliminary guidance for 2022 and 2023. Copper production is expected to significantly increase in 2022 compared to 2021’s production range of 4,500 to 5,500 tonnes as the initial construction of the PPM project concludes and mining of PPM begins during the 2022 ramp-up year. Thereafter, it is expected that annual production between 13,000 and 16,000 tonnes of copper cathode will be attained in 2023 approaching the operation’s full production capacity. The Company’s production profile includes mineralized material from both Don Gabriel and PPM during 2022 and predominantly from PPM during 2023 together with material from ENAMI and third-party miners expected during both years. Looking forward to 2022 and 2023, Cash Costs are expected to fall significantly driven by higher grades from PPM and throughput coupled with decreased capital development and other sustaining capital programs. As the Company exits 2021 and completes its budgeting process, updates to this preliminary guidance may be required.

The preliminary outlook¹ for 2022 and 2023 at MTV is as follows:

Operating information	Year Ended	Year Ended
Copper (MTV Operations)	Dec. 31, 2022	Dec. 31, 2023

Cu Production (tonnes)	8,000 – 10,000	13,000 – 16,000
Cu Production (pounds)	17.6M – 22.0M	28.7M – 35.3M
Cash Cost per Pound Produced²	$2.75 – $3.25	$1.80 – $2.30
Capital Expenditures³ ($ millions)	$5 – $10	$2 – $5

Preliminary guidance is based on certain estimates and assumptions, including but not limited to, mineral reserve estimates, grade and continuity of interpreted geological formations, metallurgical performance and foreign exchange rates. Please refer to the amended and restated technical report prepared by Wood Independent Mining Consultants, Inc., in respect of the Minera Tres Valles Copper Project (the “Technical Report”) dated May 27, 2021 and to the Company’s SEDAR filings for complete risk factors related to the Company and MTV.
Cash Cost is a non-IFRS measure – Cash costs of production include all costs absorbed into inventory less non-cash items such as depreciation. Cash costs per pound produced are calculated by dividing the aggregate of the applicable costs by copper pounds produced.
Planned capital expenditures (“CAPEX”) for 2022 and 2023 are focused primarily on open pit expansion, plant CAPEX and sustaining CAPEX of PPM for the inclined block-caving mining project. It is expected that by early 2022, the underground operation at PPM will begin production and the resulting production growth is expected to lower per unit operating costs in 2022 and 2023 as the results of this CAPEX are realized.
As per the Technical Report.

Copper Porphyry Target Identified

Further to the press release on September 15, 2021 announcing the commencement of the near-mine exploration drilling program at MTV, the Company announces that it has identified a new copper porphyry target in its license area.

The target is within an area previously mapped as a late Cretaceous granitoid intrusive. The identified target shows likely hydrothermal alteration characteristics of the phyllic zone of porphyry copper deposits, determined by processing ASTER satellite data sourced from the United States Geological Survey. The characteristic minerals produced by phyllic hydrothermal alterations can be detected using ASTER data in areas without thick vegetation and/or soil cover like this part of Chile because of their spectral absorption features. When exposed at the Earth’s surface, they preferentially absorb certain frequencies of sunlight in the short-wave infrared range, and ASTER has the spectral bands to enable the detection of their resulting spectral signature.

The identified central core has dimensions of approximately 2km by 1km, which outlines the surface footprint of the target. It is surrounded by a darker shade topographically elevated rim. There is also a nearby copper deposit described as a skarn, and it is notable that copper skarns are often nearby porphyry deposits, providing another positive indicator for this target.

“John Mortimer, our exploration consultant, has identified an exciting target for the Company,” stated Michael Staresinic, President and CEO of the Company. “Copper porphyry deposits are associated with some of the largest long life copper mines in the world, with Chile hosting the greatest concentration of these deposits. This target is an example of the broader potential of this property as we continue to identify additional targets on our 46,000 hectare land package. This target forms part of our new exploration section in our corporate presentation available on our website at https://www.threevalleycopper.com.”

Following the completion of the recently announced exploration campaign focusing on 6,000 to 8,000 meters of proposed drillings near MTV’s existing mines, additional efforts will be directed towards this copper porphyry target.

Figure 1

Copper Porphyry Target Identified

Arbitration Update

In August 2021, the Company increased its ownership stake in MTV from 90.3% to 91.1% after a further opportunity to subscribe for newly issued shares of MTV. Consistent with its past actions, the minority shareholder of MTV did not participate in the subscription resulting in the dilution of their MTV ownership from 9.7% to 8.9%. Both the Company, through its 100% ownership in SRH Chile SpA, and the minority shareholder have selected their respective arbitrators, that together, with a to be agreed upon neutral third arbitrator, will form the arbitral tribunal that will adjudicate the shareholders’ dispute.

The Company remains confident in its position that the allegations made by the minority shareholder are baseless and unsubstantiated and reflect the minority shareholder’s attempt to receive preferential treatment contrary to the terms of the shareholders agreement (“SHA”). The Company and its legal counsel are of the strong and steadfast position that the claim is without merit and the Company has acted appropriately and in accordance with Chilean law, the Judicial Reorganization Agreement, the by-laws of MTV and the SHA in all respects. At this time and based on the timelines agreed to in the SHA, the Company estimates the arbitration process could take up to 10 to 12 months to complete.

Qualified Person

Dr. John Mortimer, a consultant to Three Valley Copper, a qualified person under National Instrument 43–101 – Standards of Disclosure for Mineral Projects has reviewed the technical contents of this news release and has approved the disclosure of the technical information contained herein.

About Three Valley Copper

Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on growing copper production from, and further exploration of, its primary asset, Minera Tres Valles. Located in Salamanca, Chile, MTV is 91.1% owned by the Company and MTV's main assets are the Minera Tres Valles mining complex and its 46,000 hectares of exploratory lands. For more information about the Company, please visit www.threevalleycopper.com.

Cautionary Statement Regarding Forward-Looking Information

Certain statements in this news release, contain forward-looking information (collectively referred to herein as the "Forward-Looking Statements") within the meaning of applicable Canadian securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify Forward-Looking Statements. In particular, but without limiting the foregoing, this news release contains Forward-Looking Statements pertaining to: the significance of any particular exploration program or result and the Company’s expectations for current and future exploration plans including, but not limited to, planned areas of additional exploration; the estimation of mineral reserves; development progress of the Company’s mineral projects; statements with respect to the timing and production of copper at the Don Gabriel and PPM sites; planned capital and operating costs; advancement of ongoing projects, including the progress and timing of completion of the inclined block-caving mining project, and the estimated capital costs required for completion; future operating costs given the completion of the block -caving mining project; the expectation that the Company will continue to receive mineralized materials from ENAMI and third-party miners; and the status and timing of the arbitration process with the minority shareholder.

Although TVC believes that the Forward-Looking Statements are reasonable, they are not guarantees of future results, performance or achievements. A number of factors or assumptions have been used to develop the Forward-Looking Statements, including: there being no additional significant disruptions affecting the development and operation of MTV; the availability of certain consumables (including water) and services and the prices for power and other key supplies; expected labour and materials costs and available supply; expected fixed operating costs; permitting and arrangements with stakeholders; certain tax rates, including the allocation of certain tax attributes, being applicable to MTV; the availability of financing for the Company's and MTV’s planned operations and development activities; assumptions made in mineral resource and mineral reserve estimates and the financial analysis based on these estimates, including (as applicable), but not limited to, geological interpretation, grades, commodity price assumptions, metallurgical performance, extraction and mining recovery rates, hydrological and hydrogeological assumptions, capital and operating cost estimates, and general marketing, political, business and economic conditions, the continued availability of quality management, critical accounting estimates, all terms of the restructuring agreement and facility agreement to which MTV and the Company are parties will be satisfied in the future including no events of default, existing water supply will continue, supplemental water availability will continue, the geopolitical risk of Chile will remain stable, including risks related to labour disputes, the construction and expansion of mining operations including the Papomono Masivo incline block caving underground mining project, as well as the timing thereof and production therefrom; favorable outcomes of litigation and /or arbitration initiated by the minority shareholder of the Company’s operating subsidiary, MTV; the timing of production and results for the recently restarted Don Gabriel mine; and expected timelines for drawdown and repayment of indebtedness of MTV.

Actual results, performance or achievements could vary materially from those expressed or implied by the Forward-Looking Statements should assumptions underlying the Forward-Looking Statements prove incorrect or should one or more risks or other factors materialize, including: (i) possible variations in grade or recovery rates; (ii) copper price fluctuations and uncertainties; (iii) delays in obtaining governmental approvals or financing; (iv) risks associated with the mining industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to mineral reserves, production, costs and expenses; and labour, health, safety and environmental risks) and risks associated with the other portfolio companies' industries in general; (v) performance of the counterparty to the ENAMI Contract; (vi) risks associated with investments in emerging markets; (vii) general economic, market and business conditions; (viii) market volatility that would affect the ability to enter or exit investments; (ix) failure to secure additional financing in the future on acceptable terms to the Company, if at all; (x) commodity price and foreign exchange fluctuations and uncertainties; (xi) risks associated with catastrophic events, manmade disasters, terrorist attacks, wars and other conflicts, or an outbreak of a public health pandemic or other public health crises, including COVID-19; (xii) those risks disclosed under the heading "Risk Management" in TVC’s Management’s Discussion and Analysis for the period ended December 31, 2020; and (xiii) those risks disclosed under the heading "Risk Factors" or incorporated by reference into TVC’s Annual Information Form dated March 3, 2021. The Forward-Looking Statements speak only as of the date hereof, unless otherwise specifically noted, and SRHI does not assume any obligation to publicly update any Forward-Looking Statements, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable Canadian securities laws.

Cautionary Note to United States Investors Concerning Estimates of measured, indicated and inferred mineral resources

This news release may use the terms "measured", "indicated" and "inferred" mineral resources. Historically, while such terms were recognized and required by Canadian regulations, they were not recognized by the United States Securities and Exchange Commission (the “SEC”). The SEC has adopted amendments to its disclosure rules to modernize the mineral property disclosure requirements for issuers whose securities are registered with the SEC under the Securities and Exchange Act of 1934, as amended (the “Exchange Act”). These amendments became effective February 25, 2019 (the “SEC Modernization Rules”) with compliance required for the first fiscal year beginning on or after January 1, 2021. The SEC Modernization Rules replace the historical property disclosure requirements for mining registrants that were included in SEC Industry Guide 7, which will be rescinded from and after the required compliance date of the SEC Modernization Rules. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of “measured”, “indicated” and “inferred” mineral resources. In addition, the SEC has amended its definitions of “proven mineral reserves” and “probable mineral reserves” to be substantially similar to the corresponding Canadian Institute of Mining, Metallurgy and Petroleum definitions, as required by NI 43-101. Investors are cautioned that "Inferred mineral resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable.

For further information:

Michael Staresinic
Chief Executive Officer
T: (416) 943-7107
E: mstaresinic@threevalleycopper.com

Renmark Financial Communications Inc.
Joshua Lavers: jlavers@renmarkfinancial.com
T: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com

Source: Three Valley Copper.

Papomono Masivo Block Caving Underground Construction and Resulting Preliminary Guidance

The preliminary outlook¹ for 2022 and 2023 at MTV is as follows:

Operating information	Year Ended	Year Ended
Copper (MTV Operations)	Dec. 31, 2022	Dec. 31, 2023

Cu Production (tonnes)	8,000 – 10,000	13,000 – 16,000
Cu Production (pounds)	17.6M – 22.0M	28.7M – 35.3M
Cash Cost per Pound Produced²	$2.75 – $3.25	$1.80 – $2.30
Capital Expenditures³ ($ millions)	$5 – $10	$2 – $5

Preliminary guidance is based on certain estimates and assumptions, including but not limited to, mineral reserve estimates, grade and continuity of interpreted geological formations, metallurgical performance and foreign exchange rates. Please refer to the amended and restated technical report prepared by Wood Independent Mining Consultants, Inc., in respect of the Minera Tres Valles Copper Project (the “Technical Report”) dated May 27, 2021 and to the Company’s SEDAR filings for complete risk factors related to the Company and MTV.
Cash Cost is a non-IFRS measure – Cash costs of production include all costs absorbed into inventory less non-cash items such as depreciation. Cash costs per pound produced are calculated by dividing the aggregate of the applicable costs by copper pounds produced.
Planned capital expenditures (“CAPEX”) for 2022 and 2023 are focused primarily on open pit expansion, plant CAPEX and sustaining CAPEX of PPM for the inclined block-caving mining project. It is expected that by early 2022, the underground operation at PPM will begin production and the resulting production growth is expected to lower per unit operating costs in 2022 and 2023 as the results of this CAPEX are realized.
As per the Technical Report.

Copper Porphyry Target Identified

Figure 1

Copper Porphyry Target Identified

Arbitration Update

Qualified Person

About Three Valley Copper

Cautionary Statement Regarding Forward-Looking Information

Cautionary Note to United States Investors Concerning Estimates of measured, indicated and inferred mineral resources

For further information:

Michael Staresinic
Chief Executive Officer
T: (416) 943-7107
E: mstaresinic@threevalleycopper.com

Renmark Financial Communications Inc.
Joshua Lavers: jlavers@renmarkfinancial.com
T: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com

Source: Three Valley Copper.

Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Oracle Power plc (LON:ORCP), it sends a favourable message to the company's shareholders.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we do think it is perfectly logical to keep tabs on what insiders are doing.

View our latest analysis for Oracle Power

Oracle Power Insider Transactions Over The Last Year

In fact, the recent purchase by Naheed Memon was the biggest purchase of Oracle Power shares made by an insider individual in the last twelve months, according to our records. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of UK£0.0036. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

While Oracle Power insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Oracle Power is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Oracle Power Insiders Bought Stock Recently

It's good to see that Oracle Power insiders have made notable investments in the company's shares. Not only was there no selling that we can see, but they collectively bought UK£57k worth of shares. This could be interpreted as suggesting a positive outlook.

Insider Ownership of Oracle Power

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. From our data, it seems that Oracle Power insiders own 7.6% of the company, worth about UK£618k. But they may have an indirect interest through a corporate structure that we haven't picked up on. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!

What Might The Insider Transactions At Oracle Power Tell Us?

It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. We would certainly prefer see higher levels of insider ownership but analysis of the insider transactions suggests that Oracle Power insiders are expecting a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Every company has risks, and we've spotted 6 warning signs for Oracle Power (of which 3 can't be ignored!) you should know about.

But note: Oracle Power may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

ST. LOUIS, Sept. 27, 2021 /PRNewswire/ — Peabody (NYSE: BTU) today announced the ratification of a new collective bargaining agreement by the union representing the company's hourly workers at its Shoal Creek mine.

"Peabody is pleased to have reached an agreement with our Shoal Creek mine employees that we believe is beneficial for all stakeholders, allowing the mine to operate safely and efficiently", said Marc Hathhorn, President of Peabody's Australian and seaborne mining operations. "We appreciate the cooperation of the UMWA leadership and our Shoal Creek employees in reaching an agreement."

About Peabody

Peabody (NYSE: BTU) is a leading coal producer, providing essential products to fuel baseload electricity for emerging and developed countries and create the steel needed to build foundational infrastructure. Our commitment to sustainability underpins our activities today and helps to shape our strategy for the future. For further information, visit PeabodyEnergy.com.

Contact:
Alice Tharenos
314.342.7890

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words or variation of words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "projects," "forecasts," "targets," "would," "will," "should," "goal," "could" or "may" or other similar expressions. Forward-looking statements provide management's current expectations or predictions of future conditions, events or results. All statements that address operating performance, events, or developments that Peabody expects will occur in the future are forward-looking statements. They may also include estimates of sales targets, cost savings, capital expenditures, other expense items, actions relating to strategic initiatives, demand for the company's products, liquidity, capital structure, market share, industry volume, other financial items, descriptions of management's plans or objectives for future operations and descriptions of assumptions underlying any of the above. All forward-looking statements speak only as of the date they are made and reflect Peabody's good faith beliefs, assumptions and expectations, but they are not guarantees of future performance or events. Furthermore, Peabody disclaims any obligation to publicly update or revise any forward-looking statement, except as required by law. By their nature, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Factors that might cause such differences include, but are not limited to, a variety of economic, competitive and regulatory factors, many of which are beyond Peabody's control, including the ongoing impact of the COVID-19 pandemic and factors that are described in Peabody's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2020 and Peabody's Quarterly Report on Form 10-Q for the three months ended March 31, 2021, and other factors that Peabody may describe from time to time in other filings with the SEC. You may get such filings for free at Peabody's website at www.peabodyenergy.com. You should understand that it is not possible to predict or identify all such factors and, consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/peabody-and-umwa-reach-consensual-agreement-on-new-labor-contract-301385269.html

SOURCE Peabody

Toronto, Ontario–(Newsfile Corp. – September 27, 2021) – Further to its early warning report dated August 27, 2021 ("August 27, 2021 EWR"), Sev.en Energy AG ("Sev.en Group") announces the filing of an updated early warning report (the "Early Warning Report") in connection with an additional disposition of common shares (the "Common Shares") in the capital of Corsa Coal Corp. (the "Issuer") through the facilities of the TSX Venture Exchange. Subsequent to its August 27, 2021 EWR through a series of transactions between August 27, 2021 and September 24, 2021, Sev.en Group, through its wholly-owned subsidiary Seven Met Coal Corp ("Sev.en Met"), disposed of an aggregate of 2,118,500 Common Shares, representing approximately 2.05% of the issued and outstanding Common Shares (the "Disposition"). As a result of the Disposition, Sev.en Group's beneficial ownership, control or direction over the Common Shares was reduced by more than two percent (2%) of the Issuer's outstanding Common Shares since the filing of its August 27, 2021 EWR.

All 2,118,500 Common Shares were disposed of as disclosed on SEDI (System for Electronic Disclosure by Insiders) for an aggregate amount of CA$1,229,591.50.

Immediately prior to the Disposition, Sev.en Group, through a wholly-owned subsidiary, Sev.en Met, indirectly owned 13,772,765 Common Shares, representing approximately 13.34% of the issued and outstanding Common Shares. Following the Disposition, Sev.en Group indirectly owns 11,654,265 Common Shares, representing approximately 11.28% of the issued and outstanding Common Shares.

Sev.en Group took advantage of elevated share price and disposed part of its minority stake in Corsa Coal. Nevertheless, Sev.en Group remains committed to developing its presence in metallurgical coal space. Sev.en Group may, directly or indirectly, purchase, and subsequently sell, securities of the Issuer in the future on the open market, in private transactions or otherwise, depending on market conditions and other factors material to its investment decisions.

This press release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues which requires a report to be filed under the Issuer's profile on SEDAR (www.sedar.com) containing additional information respecting the foregoing matters.

The Issuer's head office is located at 1576 Stoystown Rd., PO Box 260, Friedens, PA 15541. For inquiries or a copy of the Early Warning Report required under Canadian provincial securities legislation, a copy of which will also be filed on www.sedar.com under the Issuer's profile, please use the contact details set out below.

Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking statements, such as statements relating to Sev.en Group and its joint actors' potentially acquiring or selling securities of the Issuer. Forward-looking statements contained in this press release are subject to certain risks and uncertainties. Actual results may differ from those in the forward-looking statements should one or more of these risks or uncertainties materialize. Such risks include, but are not limited to: stock market volatility; general economic, political and public health conditions and changes in applicable laws. All such factors should be considered carefully, and undue reliance should not be placed on such forward-looking statements. Sev.en Group and its joint actors do not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time by or on his behalf, except as required under applicable law.

Contact Information

Sev.en Energy AG
Zollstrasse 82 9494
Schaan, Liechtenstein
Email: info@7energy.com
Contact person: Gabriela Sáričková Benešová
Telephone Number: +420 725 327 758

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97726

Peabody Energy stock has soared more than five times in value this year. Elliott Management sold $30 million in shares.

(Bloomberg) — In the Outback’s blistering-hot mining sites, the hours are long and the flies relentless. Now, in a bid to attract skilled workers and overcome a labor supply crunch, Australia’s iron ore companies are turning to Olympic-sized swimming pools, virtual golf arcades and fine dining.

For Immediate Release

Chicago, IL – September 24, 2021 – Stocks in this week’s article are Best Buy Co., Inc. BBY, Peabody Energy Corporation BTU, Citi Trends, Inc. CTRN, Caleres, Inc. CAL and Commercial Metals Company CMC.

5 Broker-Friendly Stocks to Buy Amid Current Market Struggles

Per a CNBC report, the S&P 500, the tech-heavy Nasdaq composite and the Dow Jones Industrial Average dipped 1.7%, 2.2% and 1.8%, respectively, on Sep 20. While the S&P 500's performance on Sep 20 was the worst (on a daily basis) since May 12, the Dow posted its biggest one-day loss since Jul 19.

The Evergrande crisis apart, U.S. investors are worried about the rapid spread of the Delta variant of COVID-19, which is threatening to derail economic growth witnessed prior to the transmission of this deadly strain.

However, irrespective of the prevalent market conditions, investors strive to design a winning basket of stocks. They are after all putting their hard-earned money into stocks. Amid the existing uncertainties, it is almost impossible for individual investors to come up with a promising portfolio of stocks without proper guidance. Therefore, it is in the best interest of investors to seek advice from "experts in the field."

Who Are the Experts & Why?

The "experts" in the field of investing are brokers who are equipped with thorough knowledge about the space. Brokers, irrespective of their types (sell-side, buy-side or independent), have at their disposal a lot more information on a company and its prospects than individual investors.

To attain their objective, they go through minute details of the publicly available financial documents apart from attending company conference calls and other presentations. Broker opinion should thus act as a valuable guide for investors while deciding their course of action (buy, sell or hold) on a particular stock.

Since brokers meticulously follow the stocks in their coverage, they revise their earnings estimates after carefully examining the pros and cons of an event for the concerned company. Naturally, their estimate revisions serve as an important pointer regarding the price of a stock. To take care of the earnings performance, we designed a screen based on improving broker recommendations and upward estimate revisions over the last four weeks.

Do not Ignore the Top Line

However, designing a strategy based solely on the bottom line is unlikely to result in a rewarding approach. Actually, according to many market watchers, a revenue beat is more creditable for a company than a mere earnings outperformance. To address the top-line concerns, we included in our screen the price/sales ratio, which serves as a strong complementary valuation metric.

For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1799926/5-broker-friendly-stocks-to-buy-amid-the-current-market-crisis

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

About Screen of the Week

Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.

Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Contact: Jim Giaquinto

Company: Zacks.com

Phone: 312-265-9268

Email: pr@zacks.com

Visit: www.Zacks.com

Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Peabody Energy Corporation (BTU) : Free Stock Analysis Report

Best Buy Co., Inc. (BBY) : Free Stock Analysis Report

Citi Trends, Inc. (CTRN): Free Stock Analysis Report

Commercial Metals Company (CMC) : Free Stock Analysis Report

Caleres, Inc. (CAL) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Rising digital engagement has radically transformed the way companies reach out to customers. Supermarket biggie, Albertsons Companies, Inc. ACI, has been proactive when it comes to adopting innovative digital capabilities to boost the business. Per market sources, Albertsons has entered into a tie up with tech startup Firework to develop shoppable, short-form videos and livestream content. Firework is essentially a video platform, designed for livestream video experience. Let’s take a closer look at this latest initiative.

Albertsons Steps Into Shoppable Videos Space

According to sources, Albertsons will be the first grocery retailer to adopt the Firework platform. Firework, which touts itself as a “shoppertainment" specialist, has partnered with Albertsons on a three-phase deployment that will start with the debut of cooking videos and other short video content. These videos will be featured on Albertsons store websites, including more than 20 supermarket banners. The videos will also have swipeable functionality, which will likely help shoppers to build their baskets and learn more about featured products. Firework’s interactive platform will enable Albertsons to make use of data and technological capabilities to personalize its offerings. This is likely to help the company to provide its brands with greater digital shelf space.

Through this latest move, the company will be able to offer online customers with the immersive experience of shopping within a store. The video and livestream functionalities are expected to attract greater traffic to Albertsons’ digital platforms and encourage them to purchase groceries. Shoppable videos are likely to feature on the company’s websites by the middle of October, highlighting food-related content like recipes and preparation tips. These videos are likely to be 30 seconds long, optimized for mobile devices. The company will move into livestreaming and sponsored video ads next year.

The heightened digital dependency witnessed during the pandemic served as an opportunity for retailers to explore and come up with innovative digital content. Shoppable videos are gathering much popularity in retail media, utilizing platforms such as YouTube, TikTok and Twitch. Albertsons’ latest move to partner with Firework will help the grocer to make significant headway in the shoppable video space.

Image Source: Zacks Investment Research

Efforts to Boost Digital Capabilities is Encouraging

Albertsons has been ramping up its digital pursuits and connecting with customers in new and innovative ways. In prior efforts, the company partnered with Google to create an interactive and convenient shopping experience. It has also been working with Adobe to bring more personalization to its omnichannel platform. The company also installed automated PickUp kiosks, in collaboration with Cleveron, in stores. Its alliance with DoorDash, to expedite grocery delivery services, is encouraging. Albertsons is striving to expand Drive Up & Go services to more retail outlets and teamed up with third-party operators to provide seamless deliveries.

Albertsons is undertaking prudent efforts to offer superior digital experiences and services to online shoppers. These measures are likely to continue supporting the company’s top line in the forthcoming periods.

Shares of this Zacks Rank #3 (Hold) company have surged 53.4% in the past three months against the industry’s decline of 8.7%.

3 Stocks You Can’t Miss

Walmart Inc. WMT, carrying a Zacks Rank #2 (Buy), has a long-term earnings growth rate of 5.5%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Kroger Co. KR, which currently carries a Zacks Rank #2, has a long-term earnings growth rate of 8.9%.

Costco Wholesale Corporation COST, with a Zacks Rank #2, has a long-term earnings growth rate of 9.3%.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Walmart Inc. (WMT) : Free Stock Analysis Report

The Kroger Co. (KR) : Free Stock Analysis Report

Albertsons Companies, Inc. (ACI) : Free Stock Analysis Report

Costco Wholesale Corporation (COST) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

For Immediate Release

Chicago, IL – September 23, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Korn Ferry KFY, Nikon Corporation NINOY, Peabody Energy Corporation BTU, Citi Trends, Inc. CTRN and Tilly’s, Inc. TLYS.

Here are highlights from Wednesday’s Analyst Blog:

5 Smaller Beaten-Down Stocks with Strong Growth Potential

We like to think that the markets behave rationally. And they perhaps do, over the longer term. But there are many small things that happen day to day that have an outsized impact on investor confidence.

A case in point is the probable fall of Evergrande, the big Chinese real estate company that got ahead of itself with $300 billion in debt as it sought to expand to around 1,300 projects across 280 Chinese cities, as well as wealth management, electric cars, and food and drink manufacturing. The company is set to make interest payments of $84 million on Thursday, but there are real concerns that it won't be able to pay, since a severe cash crunch already has it paying its wealth management customers with property.

Okay, now why should that scare investors in the U.S. you might ask. The answer could be in the same supply chains that we have been talking about the past few months, as well as increases/decreases in demand and supply and the related impact on prices that inevitably follow when any big event disrupts the equilibrium. Credit and financial markets are also somewhat interlinked, so there could be some concerns related to that.

And then of course, there are the Chinese stocks, the largest of which appear to have been impacted by the news. Investors able to handle more risk may consider Chinese stocks, although the SEC continues to discourage these investments, not least because they're not really holdings in the companies themselves, but really a share in their holding companies under a VIE arrangement, which further adds to risk.

But honestly, Evergrande is a Chinese internal matter, and it does not appear at the moment to be impacting the U.S. in any material way.

The FOMC meeting could also be weighing on sentiments, especially as regards the tapering of the $120 billion-a-month pace of asset purchases and subsequent interest rate hikes. The tapering will precede any interest rate hike but could be delayed given the rate at which delta is spreading.

And going by past indications, we are probably looking at a couple of 25 basis point hikes by the end of 2023, not before. So the upcoming meeting is very likely to be uneventful, or at the most a confirmation of already-known facts. But we'll have to see if there's any change of tone.

In the meantime, we can make the most of this volatility by buying some good shares cheap-

Korn Ferry

Korn Ferry International is one of the world's largest recruitment firms filling positions in the middle to executive management levels of public and private companies, middle-market and emerging growth companies as well as governmental and not-for-profit organizations. It operates on a retainer basis.

The stock is clearly poised for near-term appreciation given its Zacks #1 (Strong Buy) rank and Momentum Score of A. The fact that it belongs to the Staffing Firms industry (top 19%), is a supportive factor. As economies open up around the world, staffing demand is picking up. This along with the labor crunch in the U.S. makes this segment a great reopening bet.

So the 3.4% price decline in the past week is nothing but an opportunity to grab some shares cheap. And considering the fact that they're trading at a 14.22X P/E multiple, which is below the S&P's 20.94X and their own median over the past year of 19.78X, the shares are certainly cheap.

What's more, the 2021 earnings estimate for KFY moved up from $4.12 to $5.10, an increase of 23.8% in the last 30 days. The 2022 estimate went from $4.60 to $4.89 (up 6.3%) while the current quarter estimate increased 38 cents (38.4%) in the last 30 days. That's more reason to buy KFY at $71.28 a share.

Nikon Corp.

Nikon manufactures and sells a broad range of products including imaging products (33% revenue share), precision lithography equipment for front-end semiconductor manufacturing for FPD, LCD and LOLED applications (41% share), medical instruments (14%) and other industrial metrology (12%).

The Zacks Rank #2 (Buy) stock has a Momentum Score of A, indicating near-term upside potential. It also belongs to the Electronics – Manufacturing Machinery industry, which is currently placed in the top 28% of Zacks-classified industries. The U.S. manufacturing segment is extremely strong at the moment, as seen from recent government-released data, which is positive for all players.

Nikon's numbers further bear out this thesis: the 2021 estimate is up 12 cents (24.0%) in the last 30 days while the 2022 estimate is up 6 cents (9.5%). The current quarter estimate is up 4 cents (40%).

Despite these strengths, the shares lost 4.3% of their value in the past week and now trade at a 0.95X P/S, which is between the median value of 0.77X and the high of 0.97X. The S&P is way above at 4.80X.

So at $12.07, they are really worth buying.

Peabody Energy Corp.

Peabody Energy serves metallurgical and thermal coal customers primarily in Arizona, Colorado, New Mexico, Wyoming, Illinois, Indiana and Australia. It has an eye on sustainable mining and clean coal technologies.

The Zacks Rank #2 stock has a Momentum Score of A. It belongs to the Coal industry (top 48% of Zacks-ranked industries). The ongoing strength in the steel industry is also driving demand for and prices of metallurgical coal, which is required to make coking coal used in the blast furnaces of steel producers.

The company's shares sank 19.0% over the past week and currently trade at a P/S ratio of 0.51X, which is between the median of 0.13X and high of 0.70X over the past year and well below the S&P 500's 4.80X.

So this looks like a very good time to capture the growth these shares represent: its 2021 estimate went from a loss of -$0.55 a share to a profit of $0.77 a share within the last 30 days. What's more, the estimate for 2022 also moved from -$0.16 to $0.72 while the current-quarter estimate went from 45 cents to 72 cents.

The shares cost just $13.98 each.

Citi Trends

Citi Trends is a leading value-priced retailer of urban fashion apparel and accessories, as well as a limited assortment of home décor items targeted at fashion conscious African-American men, women and children.

It belongs to the Retail – Apparel and Shoes industry, which is in the top 18% of Zacks-classified industries. The industry is about to enter what promises to be a very strong selling season, although the delta variant could push back some of the reopening spend.

But analysts appear highly optimistic about the company's growth: its 2021 estimate is up from $5.00 to $6.50 (a 30% increase) in the last 30 days. The 2022 estimate is up $1.35 (23.5%). The estimate for the current quarter is up 10 cents (45.5%).

The Zacks Rank #1 stock has a Momentum Score of A. After the 5.2% price slide over the past week, it is trading at $72.09, or a 10.48X P/E multiple, below the 17.20X median level since it started trading in January.

Tilly’s

Tilly's is a web-based specialty retailer in the action sports category selling clothing, shoes and accessories for men, women and children. It belongs, like CTRN, to the Retail – Apparel and Shoes industry.

Its #1 rank and Momentum Score of A are indicative of upside in the near term. But despite the 39-cent (29.8%) increase in its 2021 estimate, 21-cent (17.4%) increase in its 2022 estimate and 10 cent (43.5%) increase in the current-quarter estimate in the last 30 days, the shares actually dropped 3.2% in the past week.

TLYS shares currently trade at a P/S of 0.58X, which is close to their median value of 0.57X over the past year. So, at $14.20 a piece, they're definitely worth buying.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

https://www.zacks.com

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

KornFerry International (KFY) : Free Stock Analysis Report

Peabody Energy Corporation (BTU) : Free Stock Analysis Report

Citi Trends, Inc. (CTRN): Free Stock Analysis Report

Tillys, Inc. (TLYS) : Free Stock Analysis Report

Nikon Corp. (NINOY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The crisis triggered by fears over the potential collapse of a debt-ridden Evergrande Group has shaken the global stock markets. As a result of this cascading effect of the troubles in China’s property market, major indexes in the United States continue to suffer. Per a CNBC report, the S&P 500, the tech-heavy Nasdaq composite and the Dow Jones Industrial Average dipped 1.7%, 2.2% and 1.8%, respectively, on Sep 20. While the S&P 500’s performance on Sep 20 was the worst (on a daily basis) since May 12, the Dow posted its biggest one-day loss since Jul 19.

Who Are the Experts & Why?

The “experts” in the field of investing are brokers who are equipped with thorough knowledge about the space. Brokers, irrespective of their types (sell-side, buy-side or independent), have at their disposal a lot more information on a company and its prospects than individual investors.

Do not Ignore the Top Line

Screening Criteria

# (Up- Down Rating)/ Total (4 weeks) =Top #75 (This gives the list of top 75 companies that have witnessed net upgrades over the last 4 weeks).

% change in Q (1) est. (4 weeks) = Top #10 (This gives the top 10 stocks that have witnessed earnings estimate revisions over the past 4 weeks for the upcoming quarter).

We have also added the following screening parameters to ensure that the strategy is a winning one:

Price-to-Sales = Bot%10 (The lower the ratio the better, companies meeting this criteria are in bottom 10% of our universe of over 7,700 stocks with respect to this ratio).

Price greater than 5 (as a stock trading below $5 will not likely create significant interest for most of the investors).

Average Daily Volume greater than 100,000 shares over the last 20 trading days (Volume has to be significant to ensure that these are easily traded).

Market value ($ mil) = Top #3000 (This gives us stocks that are the top 3000 in terms of market capitalization).

Com/ADR/Canadian= Com (This takes out the ADR and Canadian stocks).

Here are five of the 10 stocks that made it through the screen:

Best Buy Company BBY is a multinational specialty retailer of consumer electronics, home office products, entertainment software, communication, food preparation, wellness, heath, security, appliances and related services. The company continuously focuses on improving its digital capabilities. Best Buy, currently carrying a Zacks Rank #2 (Buy), is constantly conducting various tests and pilots to become a more customer-centric, digitally-focused, efficient company. Its liquidity position is also sound. Backed by these tailwinds, the stock has seen the Zacks Consensus Estimate for current-year earnings move 16.92% north over the past 60 days. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Peabody Energy BTU: St Louis, MO-based Peabody Energy engages in the coal-mining business and has both thermal and metallurgical operations to manage. Revival in the domestic and international coal markets augurs well for this currently Zacks #2 Ranked stock that outperformed on earnings in three of the last four quarters (lagging the consensus mark in the remaining one).

Citi Trends CTRN is a leading value-priced retailer of urban fashion apparel and accessories including nationally recognized brands, private-label products and a limited assortment of home décor items. The company primarily targets fashion conscious African-American customers, offering branded merchandise at about 20-70% discount compared with the regular prices at department and specialty stores. The company is being well-served by the increase in sales. Efforts to reward its shareholders through share buybacks are also commendable. The stock currently sports a Zacks Rank #1.

Caleres CAL: This Saint Louis-based company, currently sporting a Zacks Rank of 1, engages in the retail and wholesale of footwear. Strong performance of its Famous Footwear and Brand Portfolio segments are driving the top line. The company outperformed on earnings in each of the last four quarters, the average being in excess of 100%.

Commercial Metals Company CMC manufactures, recycles and markets steel and metal products, related materials and services. This Irving, TX-based company is presently Zacks #1 Ranked. Growth in the construction markets in the United States and Europe and favorable market conditions in Poland bode well for Commercial Metals. Investment in capacity and acquisitions is likely to drive growth. The company outperformed on earnings in each of the last four quarters, the average being 17.51%.

You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.

The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.

Click here to sign up for a free trial to the Research Wizard today.

Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Peabody Energy Corporation (BTU) : Free Stock Analysis Report

Best Buy Co., Inc. (BBY) : Free Stock Analysis Report

Citi Trends, Inc. (CTRN): Free Stock Analysis Report

Commercial Metals Company (CMC) : Free Stock Analysis Report

Caleres, Inc. (CAL) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

BOISE, Idaho, September 23, 2021–(BUSINESS WIRE)–Albertsons Companies, Inc. (NYSE: ACI) received the Safer Choice Partner of the Year Award from the U.S. Environmental Protection Agency (EPA) for the company’s efforts to provide products that use safer chemicals.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210923005879/en/

Albertsons Companies received the Safer Choice Partner of the Year Award from the U.S. Environmental Protection Agency (EPA) for the company’s efforts to provide products that use safer chemicals. (Photo: Business Wire)

The company was recognized in the "Retailer" category for launching new Safer Choice-certified Own Brands products, raising awareness of the Safer Choice certification, and helping to identify opportunities for educating consumers to make informed buying decisions. Since the inception of the EPA program in 2015, Albertsons Cos. has received the award four times.

"Our Own Brands team continues to innovate products that are safer for people and the environment," said Chad Coester, Senior Vice President, Albertsons Cos. Own Brands. "In 2020, we received Safer Choice Certification on a new product category – laundry detergents. We now have six Open Nature^® laundry detergent products that meet the Safer Choice criteria."

Consumers can identify products made with chemicals that are safer for human health and the environment by the Safer Choice label that appears on the product. This label means the EPA has evaluated the product’s ingredients and determined they meet the necessary criteria. Albertsons Cos. 2,277 stores offer a wide variety of Safer Choice-certified products, including Open Nature^® glass cleaners and laundry detergents that are only available at Albertsons Cos.’ stores.

The company’s exclusive Open Nature^® line was introduced in 2011 and offers products that are free from 110 additives with no artificial colors, flavors, or preservatives. Today Open Nature^® offers 600 items throughout the store in multiple categories, including meat, seafood, meal ingredients, and snacks, as well as care items for home, baby, pet, and personal care for consumers looking for high-quality, minimally processed products that are better for their family, pets, and the environment.

All Safer Choice Certified Open Nature^® products feature the Safer Choice label on the front, along with a QR code on the back for easy access to more information. The six new Open Nature laundry detergent containers are recyclable, made with 25%+ recycled plastic content and have a How2Recycle® label that provides customers with clear communications on how to properly recycle the containers. All of these features are part of Albertsons Cos.’ Plastics and Packaging Pledge, which aims to advance packaging sustainability throughout the company, starting with its extensive Own Brands portfolio.

"Ensuring our products are better for people and the planet is an important priority for Albertsons Cos.," said Darcie Renn, Director of ESG & Sustainability at Albertsons Cos. "These products are great examples of how we are implementing sustainability more holistically throughout our decision-making process, whether it’s innovating product formulations, integrating recycled content in packaging, or leveraging standardized recycling communications for our customers."

In addition to the company’s Plastics and Packaging Pledge, Albertsons Cos. has also committed to setting a Science Based Target to reduce carbon emissions in support of the goals of the United Nations’ Paris Agreement.

About Albertsons Companies

Albertsons Companies is a leading food and drug retailer that operates stores across 34 states and the District of Columbia with more than 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210923005879/en/

Contacts

Kirby Nardo
Kirby.nardo@albertsons.com

Iron ore: Why this left-for-dead metal could rocket, and 4 easy ways to buy it

The last 60 days have been a brutal stretch for iron investors.

As a result of China cutting back on iron ore production as a means of reducing pollution, the iron and steel sectors have both been walloped.

Iron ore prices have collapsed about 60% since a record in May. And in less than two months, three of the world's largest ore miners, Rio Tinto, BHP and Vale have lost roughly $110 billion in market value.

What can we say? It’s tough being Iron Man.

But if you’ve been sniffing around the ore space waiting for the right time to get in, this could be it. China’s restrictions may provide short-term pain for investors, but the planet’s need for iron ore and steel isn’t going away.

Here are four iron-related investments that might be worth pouncing on ⁠— maybe even with your spare change.

1. Rio Tinto (RIO)

Office building of Rio Tinto, one of the biggest mining companies in the world, with regional headquarter in Perth, Western Australia. — Rob Bayer/Shutterstock

Rio Tinto, despite its stock being down almost 30% since the end of July, may be the most intriguing option out there. As one of the world’s largest producers of iron ore, Rio’s shares may be the ones most likely to benefit from an eventual rebound.

In addition to the 16 mines Rio operates in Australia, it also has projects in Serbia, Canada, Mongolia, Guinea and the U.S.

Rio Tinto is not solely an iron play. The company produces a variety of products — copper, diamonds, titanium, aluminum — that the world needs a continual supply of.

Its extensive reach has led to some serious profits: Earnings over the first half of 2021 were $12.2 billion, leading to an interim dividend of $5.61 per share.

Rio Tinto currently trades at just under $70 per share. But you can get a piece of Rio Tinto using a popular stock trading app that allows you to buy fractions of shares with as much money as you’re willing to spend.

2. Vale SA (VALE)

IgorGolovniov/Shutterstock

Shares in Brazil’s Vale SA have lost about 13% of their value in the last month, but a massive first six months of 2021 led the company to announce $7.6 billion in first-half dividends.

That’s the largest payout to investors since 2019.

Vale says it is the world’s largest producer of iron ore and iron pellets. Its biggest operation is its iron ore mine in Carajas, Brazil, one of the richest iron deposits in the world, but it also runs a plant in Oman and has various stakes in joint ventures in China.

In the most recent quarter, Vale posted earnings of $7.6 billion, up more than 600% year-over-year. To be sure, those results were helped by higher iron ore prices at the time.

But with the company on track to hit 2021 guidance of between 315 and 335 million tons of ore production, Vale remains a potent bet on the steelmaking metal.

3. BHP Group (BHP)

T. Schneider/Shutterstock

Australia’s BHP Group has fared even worse than its competitors over the last two months, with its stock losing more than 40% of its value since July 29.

Like Rio Tinto, BHP is involved in more than just iron ore mining. It also has its fingers in petroleum, coal and copper, which makes it a somewhat diversified play.

BHP has been receiving lukewarm assessments from analysts. Zacks, Berenberg Bank and Deutsche Bank all recently rated the company a “hold”, while Liberium Capital downgraded BHG from “hold” to “sell” in July.

The company reported profits of $25.9 billion for the financial year ending June 30. And with BHP having generated $19.3 billion in free cash flow over the past 12 months, it should have some cushion to weather the current storm afflicting iron ore.

If you're still cautious about buying into BHP, some investing apps will give you a free share of BHP just for signing up.

4. VanEck Vectors Steel ETF (SLX)

Packed rolls of steel sheet, Cold rolled steel coils — PhotoStock10/Shutterstock

The VanEck Vectors Steel ETF was riding high from May to August, as rising iron ore prices lifted the fund to its highest value since July of 2011.

The last month has seen the price of SLX shares shrink by about 11%, but compared to the individual companies featured here, that’s not so bad.

SLX tracks the performance of some of the world’s biggest ore producers, including Rio Tinto and Vale, but it also holds large steelmakers including Arcelormittal, Nucor, and U.S. Steel. This bit of diversification should help spread some of your risks around in the event iron ore hits the skids once again.

As of Sept. 21, shares in SLX were selling for around $54.53. The most recent dividend paid out was $0.83 a share in December of 2020.

A quieter commodity play

If the volatility in iron ore markets has you questioning your future as an iron/steel investor, there’s another asset that also provides exposure to rising commodity prices: U.S. farmland.

An investment in farmland allows you to profit from both rising food prices, which should only keep increasing as the global demand for food intensifies, and a rapidly decreasing amount of arable land.

An investment in farmland can also be considered an investment in sustainability.

It’s become a hot topic among ESG investors, and will only continue to grow in prominence now that it’s so easy to invest in.

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

(Bloomberg) — A bidding war for a small Canadian nickel miner is showing no signs of cooling as its largest shareholder, Australian mining magnate Andrew Forrest, took a formal step to increase ownership.

For Immediate Release

Chicago, IL – September 21, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Rio Tinto plc RIO, BHP Group BHP, Vale S.A. VALE and Fortescue Metals Group Ltd. FSUGY.

Here are highlights from Monday’s Analyst Blog:

Iron Ore Prices Fall Below $100 per Ton on Weak China Demand

Iron ore prices have plunged below $100 a ton for the first time since July 2020, as China — the world’s biggest steelmaker — intensified curbs on steel production to lower carbon emissions. Signs of a slowdown across China’s property sector have also acted as a drag on the main steel-making ingredient. Iron ore prices have more than halved from the record $230 per ton attained in May this year. It has lost 34% so far in 2021.

China’s Curb on Steel Output Weighs on Iron

The slump in iron ore makes it one of the worst-performing major commodities this year. This is in sharp contrast to the solid run it had last year, logging a solid gain of 80%. A combination of China’s massive infrastructure stimulus to recover from the pandemic-induced slump, which fueled demand for iron ore, and supply concerns in Brazil due to the coronavirus pandemic drove the prices up. After hitting the record high of $230 earlier this year, iron ore prices started losing steam as China clamped down on the steel industry, which given its high energy consumption and outdated technology and equipment, is one of the biggest contributors to pollution in the country. China has thus repeatedly urged steel mills to reduce output this year to curb carbon emissions.

China remains committed to its pledge reach carbon neutrality by 2060. The country intends to step up its production curbs in a bid to reduce pollution and ensure clearer air for the Winter Olympics coming up in February 2022. This is going to weigh on iron ore demand for the balance of the year.

Per the National Bureau of Statistics of China, the monthly crude steel production in the country was down 13.2% year over year, slipping for the third straight month to 83.24 million tons in August. Average daily output is at the lowest since March 2020. This reflects the impact of the implementation of production restrictions at steel mills.

China’s Property Sector Slowdown Hurts Further

Signs of a slowdown across China’s property sector have hit iron ore prices. The country’s property investment in August rose a meager 0.3% from a year ago — the slowest pace in 18 months.

It is lower than the rise of 1.4% in July, reflecting the tighter financing conditions. China's new home prices rose at their slowest pace in months, as authorities tried to rein in a red-hot property market, and cooling measures were expected to limit home price growth going forward.

China's property market is also grappling with problems at its second-largest property developer, Evergrande Group. It is currently the world's most indebted property developer, owing more than $300 billion in liabilities and nearing a possible default for an interest payment this week.

China Evergrande’s Hong Kong-listed shares fell 10.24% on Sep 17, which underscored concerns about the broader health of China’s real estate sector and triggered a wider sell-off.

Owing to the plunge in iron ore prices, iron ore producers including Rio Tinto, BHP Group, Vale and Fortescue Metals Group have seen their shares tumble 6.8% 13.8%, 8.9% and 22.9%, respectively, over the past month. All of these stocks carry a Zacks Rank #5 (Strong Sell) currently. Lower iron ore prices are expected to impact their results in the ongoing quarter.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here

Neverthless, these miners will benefit from demand in rest of the world. The steel industry is showing promise as demand remains robust across construction and manufacturing sectors across rest of the world. Steel prices continue to race ahead, buoyed by an upturn in demand across key markets, tight supply conditions and low steel inventory throughout the supply chain.

The World Steel Association projects steel demand to grow 5.8% in 2021 and reach 1,874 million. In 2022, steel demand is expected to go up 2.7% to reach 1,924.6 Mt. In China, steel demand is expected to grow 3.0% in 2021 but will decline 1% in 2022 due to the intensified environmental push.

Meanwhile, steel demand will go up 8.2% and 4.2% in 2021 and 2022, respectively, in advanced economies. The ongoing recovery in automotive and construction sectors worldwide will drive demand for steel. In the United States, massive government spending to rebuild infrastructure including railroads, highways and bridges will significantly boost steel demand, thus fueling the need for iron ore.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

https://www.zacks.com

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report

VALE S.A. (VALE) : Free Stock Analysis Report

Rio Tinto PLC (RIO): Free Stock Analysis Report

Fortescue Metals Group Ltd. (FSUGY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The Hargreaves Services Plc (LON:HSP) share price has had a bad week, falling 14%. But that scarcely detracts from the really solid long term returns generated by the company over five years. Indeed, the share price is up an impressive 149% in that time. To some, the recent pullback wouldn't be surprising after such a fast rise. Only time will tell if there is still too much optimism currently reflected in the share price.

In light of the stock dropping 14% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive five-year return.

View our latest analysis for Hargreaves Services

There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

During the five years of share price growth, Hargreaves Services moved from a loss to profitability. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains. Since the company was unprofitable five years ago, but not three years ago, it's worth taking a look at the returns in the last three years, too. We can see that the Hargreaves Services share price is up 37% in the last three years. During the same period, EPS grew by 137% each year. This EPS growth is higher than the 11% average annual increase in the share price over the same three years. So you might conclude the market is a little more cautious about the stock, these days. This unenthusiastic sentiment is reflected in the stock's reasonably modest P/E ratio of 9.40.

You can see how EPS has changed over time in the image below (click on the chart to see the exact values).

We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. It might be well worthwhile taking a look at our free report on Hargreaves Services' earnings, revenue and cash flow.

What About Dividends?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Hargreaves Services the TSR over the last 5 years was 183%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!

A Different Perspective

It's nice to see that Hargreaves Services shareholders have received a total shareholder return of 141% over the last year. That's including the dividend. That gain is better than the annual TSR over five years, which is 23%. Therefore it seems like sentiment around the company has been positive lately. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Like risks, for instance. Every company has them, and we've spotted 2 warning signs for Hargreaves Services (of which 1 can't be ignored!) you should know about.

If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on GB exchanges.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

These are the consumer staples stocks with the best value, fastest growth, and most momentum for October 2021.

(Bloomberg) — Australia’s top three iron ore miners have shed a combined $109 billion in share value in less than two months — roughly equivalent to the market cap of General Electric Co. — following a record-breaking price rout.

It’s a dramatic reversal of fortunes for Rio Tinto Group, BHP Group and Fortescue Metals Group Ltd., which only last month were showering record dividends on shareholders after prices of the steel-making ingredient surged to an all-time high above $230 a ton in May. They’ve since plunged to near $90 as China stepped up curbs on steel production to meet environmental goals.

Rio Tinto, the world’s biggest ore producer, has retreated 29% from July 29, BHP is down 30% and Fortescue has plunged 44%. That adds up to value destruction of A$150 billion ($109 billion), Bloomberg calculations show. The three miners together account for more than 8% of Australia’s benchmark S&P/ASX 200 share index, which has slipped 2% over the period.

See also: Iron Ore’s Rout Keeps Rolling as China Imposes More Steel Curbs

There could be more weakness — both in iron ore and the miners’ shares — to come as Beijing doubles down on efforts to cut pollution before it hosts the Winter Olympics next February. The price rout has seen analysts scurrying to their spreadsheets to downgrade earnings forecasts for the big miners. Morgans Financial Ltd. slashed its share price target for Fortescue by more than a quarter to A$14.15 late last week and also trimmed targets for BHP and Rio.

“Despite trading back at lower levels, we remain cautious on our big miners, expecting more short-term weakness in iron ore to unfold,” Adrian Prendergast, resources analyst at Morgans, said in a note. BHP and Rio are “trading around accumulate territory, but again we remain cautious given the poor state of their largest exposure,” he said.

More stories like this are available on bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

By Dhirendra Tripathi

Investing.com – DoorDash stock (NYSE:DASH) rose 0.5%, but had traded higher after the company added alcohol on-demand to its marketplace.

The company said customers across 20 states and the District of Columbia can now order wine, beer, or spirits for on-demand delivery or pickup from thousands of restaurants, grocery stores, and retailers. The facility will also be available in Canada and Australia, reaching over 100 million adults worldwide, the company said.

DoorDash said it has built an alcohol catalogue for purchase across retailers and restaurants. Additionally, with the recent roll out of DoubleDash, customers in select markets will now be able to bundle alcohol with their restaurant meal on certain orders, the company said.

According to a recent Nielsen report that DoorDash cited in its note, alcohol is the fastest growing e-commerce vertical across all consumer-packaged goods. As per the findings mentioned in the report, 56% of customers over 21 would order alcoholic beverages if they were offered as part of food delivery from a restaurant.

DoorDash has been adding new verticals to tap new revenue streams. In the last quarter, it struck pacts with grocer Albertsons (NYSE:ACI) and pet food and products retailer PetSmart.

DoorDash Gains as it Adds Alcohol On-Demand to its Marketplace

Germany stocks lower at close of trade; DAX down 2.31%

European shares slide as China Evergrande's troubles cast shadow

Depressed demand for industrial commodities is seen, but these companies have strong balance sheets and low price-to-earnings multiples.

In this article we will take a look at the some of notable stocks on the move today. You can skip our detailed analysis of these stocks and go to read Why These 5 Stocks Are On the Move on Friday

It's another red day on Wall Street with all three major indexes lower. As of 11:28 AM eastern time, the Dow Jones index is down around 0.48%, the S&P 500 is 0.73% lower, and the NASDAQ has fallen around 0.87%. With a Federal Reserve meeting next week and September being a historically volatile month, it seems that some investors are a little bit more cautious than usual.

Some important stocks that are on the move on Friday include Moderna, Inc. (NASDAQ: MRNA), Lucid Group, Inc. (NASDAQ: LCID), BeiGene, Ltd. (NASDAQ:BGNE), BHP Group (NYSE:BBL), Thermo Fisher Scientific Inc. (NYSE:TMO), and SmileDirectClub, Inc. (NASDAQ:SDC), among others discussed in detail in this article.

Let's examine why each stock is trending and how elite funds are positioned among them.

Photo by Austin Distel on Unsplash

Why do we care about hedge fund fund activity? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

10. Lucid Group, Inc. (NASDAQ: LCID) shares continued their hot streak from yesterday with another 7% rally on Friday.

The electric car maker has momentum due to the EPA this week having given Lucid Group, Inc. (NASDAQ: LCID)'s Dream Air edition vehicle a range of 520 miles, the longest of any electric car that the agency has rated. Some analysts are bullish too. John Murphy of Bank of America said of Lucid on Thursday, "I think it's somewhat somewhere between a combination of Tesla and Ferrari." Murphy has a $30 price target.

For the filing period ended June 30, 2021, Philippe Laffont's Coatue Management owned more than 3.5 million shares of Lucid Group, Inc. (NASDAQ: LCID).

Like Moderna, Inc. (NASDAQ: MRNA) and Thermo Fisher Scientific Inc. (NYSE:TMO), Lucid Group, Inc. (NASDAQ: LCID) is on the move on Friday.

9. BeiGene, Ltd. (NASDAQ:BGNE) stock has rallied more than 4% after after the company announced it received positive CHMP opinion for Zanubrutinib for the potential treatment of adults with Waldenström’s Macroglobulinemia. After the positive CHMP positive opinion, the European Commission will need to consider BeiGene, Ltd. (NASDAQ:BGNE)'s marketing application for the drug candidate with a final decision expected within 67 days of receipt of the CHMP opinion. For the latest 13F filing period, Julian Baker And Felix Baker's Baker Bros. Advisors owned 11,668,897 shares of BeiGene, Ltd. (NASDAQ:BGNE), worth more than $4 billion as of June 30, 2021.

8. BHP Group (NYSE:BBL) is down around 4.5% due to weakness in iron ore prices.

Iron ore prices have weakened due to China pledging to limit steel output to better control carbon emissions. Iron ore accounts for a substantial part of BHP Group (NYSE:BBL)'s total business and China has been a major importer of iron ore. Although UBS analysts expect iron prices to slide below $100 a ton by 2021, they think China's decline in steel production could be due to the weak property market in the country.

Of the around 873 elite funds we track, 24 were long BHP Group (NYSE:BBL) at the end of Q2, 2021.

Like Moderna, Inc. (NASDAQ: MRNA), Lucid Group, Inc. (NASDAQ: LCID) and Thermo Fisher Scientific Inc. (NYSE:TMO), BHP Group (NYSE:BBL) is on the move on Friday.

7. Thermo Fisher Scientific Inc. (NYSE:TMO) shares have surged more than 8% after the company announced that it sees adjusted EPS of $21.16 for FY22 versus the consensus of $19.68. Thermo Fisher Scientific Inc. (NYSE:TMO) also sees FY22 revenue of $40.3 billion, which is also higher than the consensus fo $34.29 billion.

Of the around 873 elite funds we track, 87 were long Thermo Fisher Scientific Inc. (NYSE:TMO) in the second quarter, up from 79 in the first quarter.

6. SmileDirectClub, Inc. (NASDAQ:SDC) is up around 12.8% despite there being no fundamental news and the market being relatively weak. One potential reason could be Reddit traders, who have moved in and out of highly shorted stocks in the past. SmileDirectClub, Inc. (NASDAQ:SDC) has a short float of around 33%.

In terms of the funds we track, 19 elite funds were long SmileDirectClub, Inc. (NASDAQ:SDC) in Q2 2021, down 2 from the prior quarter.

Like Moderna, Inc. (NASDAQ: MRNA), Lucid Group, Inc. (NASDAQ: LCID), Thermo Fisher Scientific Inc. (NYSE:TMO) and BHP Group (NYSE:BBL), SmileDirectClub, Inc. (NASDAQ:SDC) is making moves on Friday. Click to continue reading and see Why These 5 Stocks Are On the Move on Friday. Suggested articles

Disclosure: None.

The article Why These 10 Stocks Are On the Move on Friday was originally published on Insider Monkey.

CONNECT WITH US

Tweets

Tweet with hash tag #miningfeeds or @miningfeeds and your tweets will be displayed across this site.

Tweets by MiningFeeds

MOST ACTIVE MINING STOCKS

Daily Gainers


CMC Metals Ltd.	CMB.V	+900.00%
Eden Energy Ltd	EDE.AX	+200.00%
GoviEx Uranium Inc.	GXU.V	+42.86%
Eagle Nickel Ltd.	ENL.AX	+41.67%
Citigold Corp. Limited	CTO.AX	+33.33%
Mount Burgess Mining NL	MTB.AX	+33.33%
Exalt Resources Limited	ERD.AX	+31.94%
Casa Minerals Inc.	CASA.V	+30.00%
Cariboo Rose Resources Ltd	CRB.V	+28.57%
Belmont Resources Inc.	BEA.V	+28.57%

Oracle Power Insider Transactions Over The Last Year

Oracle Power Insiders Bought Stock Recently

Insider Ownership of Oracle Power

What Might The Insider Transactions At Oracle Power Tell Us?

For Immediate Release

5 Broker-Friendly Stocks to Buy Amid Current Market Struggles

Who Are the Experts & Why?

Do not Ignore the Top Line

About Screen of the Week

Strong Stocks that Should Be in the News

Albertsons Steps Into Shoppable Videos Space

Efforts to Boost Digital Capabilities is Encouraging

3 Stocks You Can’t Miss

For Immediate Release

Here are highlights from Wednesday’s Analyst Blog:

5 Smaller Beaten-Down Stocks with Strong Growth Potential

Who Are the Experts & Why?

Do not Ignore the Top Line

Screening Criteria

1. Rio Tinto (RIO)

2. Vale SA (VALE)

3. BHP Group (BHP)

4. VanEck Vectors Steel ETF (SLX)

A quieter commodity play

For Immediate Release

Here are highlights from Monday’s Analyst Blog:

Iron Ore Prices Fall Below $100 per Ton on Weak China Demand

China’s Curb on Steel Output Weighs on Iron

China’s Property Sector Slowdown Hurts Further

What About Dividends?

A Different Perspective

CONNECT WITH US

Tweets

MOST ACTIVE MINING STOCKS

Daily Gainers

Articles

FOUND POSTS

World Gold Council Commits US $250K to Ghana’s Artisanal Mining Reform

China Forms New State Investment Company to Support Overseas Mining Expansion

Solaris Resources Meets Ecuador’s Minister of Energy and Mines to Discuss Warintza

BHP Secures Approval for US$14.7 Billion Expansion of World’s Largest Copper Mine

State Mining Companies Take Larger Role in Africa’s Push to Develop Mineral Wealth