It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why This 1 Growth Stock Should Be On Your Watchlist
For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.
Freeport-McMoRan (FCX)
Based in Phoenix, AZ, Freeport-McMoRan Inc., formerly Freeport-McMoRan Copper & Gold Inc., is engaged in mineral exploration and development; mining and milling of copper, gold, molybdenum and silver; as well as the smelting and refining of copper concentrates. The company conducts its operations primarily through its principal operating subsidiaries, PT Freeport Indonesia (PT-FI), Freeport Minerals Corporation and Atlantic Copper. PT Freeport Indonesia's principal asset is Papua, Indonesia-based Grasberg mine, which contains the world's largest copper and gold reserves.
FCX is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 17.6% year-over-year for the current fiscal year, with sales growth of 6.7%.
Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2025, while the Zacks Consensus Estimate has increased $0.05 to $1.74 per share. FCX also boasts an average earnings surprise of 10.4%.
Looking at cash flow, Freeport-McMoRan is expected to report cash flow growth of 2.3% this year; FCX has generated cash flow growth of 24.8% over the past three to five years.
Investors should take the time to consider FCX for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Freeport-McMoRan Inc.’s FCX shares have gained 11.3% in the past six months. It has outperformed the Zacks Mining – Non Ferrous industry’s rise of 1.3% and the S&P 500’s gain of 7.3% over the same period. Its peers, Southern Copper Corporation SCCO and BHP Group Limited BHP, have gained 0.8% and 4.9%, respectively, in the same time. While FCX’s second-quarter results showed a rise in both top and bottom line on higher copper and gold prices, its guidance indicates higher expected unit costs and weaker copper and gold sales volumes.
Freeport’s Six-Month Price PerformanceZacks Investment Research
Image Source: Zacks Investment Research
Technical indicators show that FCX has been trading below the 50-day simple moving average (SMA) since July 30, 2025. The stock is currently trading above its 200-day SMA. Following a golden crossover on July 8, 2025, the 50-day SMA is reading higher than the 200-day SMA, indicating a bullish trend.
FCX Stock Trades Below 50-Day SMAZacks Investment Research
Image Source: Zacks Investment Research
Let’s take a look at FCX’s fundamentals to better analyze how to play the stock.
Freeport’s Growth Actions to Drive Capacity & Production
Freeport is well-placed with high-quality copper assets and remains focused on strong execution and advancing its organic growth opportunities. At its Cerro Verde operation in Peru, a large-scale concentrator expansion provided incremental annual production of around 600 million pounds of copper and 15 million pounds of molybdenum. It is evaluating a large-scale expansion at El Abra in Chile to define a large sulfide resource that could potentially support a major mill project similar to the large-scale concentrator at Cerro Verde. FCX is also conducting pre-feasibility studies (expected to be completed in 2026) in the Safford/Lone Star operations in Arizona to define a significant sulfide expansion opportunity. It also has expansion opportunities at Bagdad in Arizona to more than double the concentrator capacity of the operation. Also, PT Freeport Indonesia (PT-FI) substantially completed the construction of the new greenfield smelter in Eastern Java during 2024, with start-up commenced in second-quarter 2025. The first production of copper anode was achieved in July 2025. PT-FI is also developing the Kucing Liar ore body within the Grasberg district with a targeted commencement of production by 2030. Gold production also commenced at the new precious metals refinery in late 2024. Plans are in place to transition PT-FI’s existing energy source from coal to natural gas, which is expected to significantly reduce greenhouse gas emissions at Grasberg.
FCX’s Solid Financial Health & Capital Discipline Bode Well
FCX has a strong liquidity position and generates substantial cash flows, which allow it to finance its growth projects, pay down debt and drive shareholder value. It generated operating cash flows of around $2.2 billion in the second quarter of 2025. It has distributed $5.2 billion to its shareholders through dividends and share purchases since June 30, 2021. Freeport ended the second quarter with strong liquidity, including $4.5 billion in cash and cash equivalents, $3 billion in availability under the FCX revolving credit facility, and $1.5 billion in availability under the PT-FI credit facility.At the end of the second quarter, Freeport had a net debt of $1.5 billion, excluding PTFI’s new downstream processing facilities. Its net debt is below its targeted range of $3-$4 billion. Freeport has a policy of distributing 50% of the available cash to shareholders and the balance to either reduce debt or invest in growth projects. FCX has no significant debt maturities until 2027. Its long-term debt-to-capitalization is around 22.9% compared with 40.2% for Southern Copper and 26.7% for BHP Group.FCX offers a dividend yield of roughly 0.7% at the current stock price. Its payout ratio is 20% (a ratio below 60% is a good indicator that the dividend will be sustainable), with a five-year annualized dividend growth rate of about 19.4%. Backed by strong financial health, the company's dividend is perceived to be safe and reliable.
Retreating Copper Prices Pose Concerns for FCX
Copper prices remained volatile in the second quarter amid global economic and trade uncertainties. After racking up solid gains in late March, copper prices slipped to around $4.1 per pound in early April amid demand worries due to tariffs, which threatened to cause a broader slowdown globally. However, prices of the red metal moved up in late April to roughly $4.9 per pound amid a weakening U.S. dollar on heightened concerns about the prospect of a downturn in the U.S. economy. Prices again retreated to around $4.7 per pound in late May on weak global demand and increased supply. Prices recovered in June to close the second quarter above the $5 per pound level, leading to a roughly 25% gain in the first six months of 2025.However, prices have again retreated to below $4.5 per pound lately amid increased supply, currently hovering just above $4.4 per pound. Weaker global manufacturing activities pose risks to copper demand. Copper demand is also likely to remain under pressure due to tariffs.
Higher Unit Costs May Weigh on Freeport’s Q3 Margins
FCX saw a notable reduction in its average unit net cash cost per pound of copper in the second quarter to just $1.13 from $1.73 a year earlier and well below its guidance of $1.50. The decline was fueled by operational efficiencies, higher gold credits and an uptick in copper sales volumes. Freeport's outlook for the third quarter, however, suggests higher costs on a sequential basis. It expects unit net cash costs to rise to $1.59 per pound, while still projecting a full-year average of roughly $1.55. Lower expected sales volumes are likely to impact costs in the quarter. The potential impacts of tariffs may lead to further upside to the projected costs. FCX estimates that the tariffs could potentially increase the cost of goods it purchases in the United States by roughly 5%. Higher costs are likely to weigh on the company's margins.
FCX’s Tepid Volume Outlook Points to Challenges Ahead
Freeport’s copper sales volumes increased around 9% year over year in the second quarter to 1,016 million pounds, primarily driven by shipment timing. The company sold 522,000 ounces of gold, reflecting around 45% year-over-year growth. FCX also sold 22 million pounds of molybdenum, up about 4.8% from the year-ago quarter.Freeport has provided a tepid copper sales volume outlook for the third quarter, which suggests modestly lower volumes on a sequential basis. FCX expects copper sales volumes of 990 million pounds, indicating a 4% year-over-year decline. It has also provided a weaker gold and molybdenum sales volumes guidance of 350,000 ounces and 18 million pounds, respectively, reflecting sequential and year-over-year declines. The lack of growth in volumes may impact the company’s performance.
FCX’s Earnings Estimates Going Up
Freeport’s earnings estimates have been going up over the past 60 days. The Zacks Consensus Estimate for 2025 and 2026 has been revised higher over the same time frame. The Zacks Consensus Estimate for 2025 earnings is currently pegged at $1.74, suggesting year-over-year growth of 17.6%. Earnings are expected to register roughly 33.8% growth in 2026.
Zacks Investment Research
Image Source: Zacks Investment Research
A Look at FCX’s Valuation
FCX is currently trading at a forward price/earnings of 19.52X, a roughly 2% premium to the industry average of 19.13X. The FCX stock is trading at a discount to Southern Copper and a premium to BHP Group.
FCX’s P/E F12M Vs. Industry, SCCO and BHPZacks Investment Research
Image Source: Zacks Investment Research
Final Thoughts: Hold FCX Stock for Now
FCX is poised to gain from progress in expansion activities that will boost production capacity. Robust financial health allows FCX to invest in growth projects and drive shareholder value. Rising earnings estimates and healthy dividend growth are the other positives. Despite these positives, the recent pullback in copper prices, weaker sales volume outlook and higher expected unit costs warrant caution. Holding onto this Zacks Rank #3 (Hold) stock will be prudent for investors who already own it.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report
BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report
Southern Copper Corporation (SCCO) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
By Ernest Scheyder and Jarrett Renshaw
(Reuters) -The Trump administration is considering a plan to reallocate at least $2 billion from the CHIPS Act to fund critical minerals projects and boost Commerce Secretary Howard Lutnick's influence over the strategic sector, two sources familiar with the matter told Reuters.
The proposed move would take from funds already allocated by Congress for semiconductor research and chip factory construction, avoiding a fresh spending request as it seeks to reduce U.S. dependence on China for critical minerals used widely in the electronics and defense industries.
Boosting Lutnick's role over critical minerals financing would also help centralize the administration's approach to the sector, a push sought by White House officials after the rollout of the Pentagon investment in rare earths company MP Materials last month sparked questions about the U.S. government's minerals strategy, one source said.
The White House did not respond to requests for comment. Pentagon officials were not immediately available to comment. MP Materials declined to comment.
The Commerce Department oversees the $52.7 billion CHIPS Act, formally known as the CHIPS and Science Act. The act, signed into law by then-President Joe Biden in 2022, has provided funding so far for research while also seeking to lure chip production away from Asia and boost American domestic semiconductor production.
But since taking office in January, Trump has moved to change the CHIPS Act – legislation he has called "a horrible, horrible thing" that amounts to a giveaway to companies – largely by renegotiating grants to chipmakers.
Repurposing some funds for mining-related projects would align in part with the spirit of the CHIPS Act as the semiconductor industry requires abundant supplies of germanium, gallium and other critical minerals over which China has tightened its market control, said the sources, who are not permitted to speak publicly about the deliberations.
"The administration is creatively trying to find ways to fund the critical minerals sector," said the first source. The plans are under discussion and could change, the sources added.
Mining companies themselves could benefit, but also processing and recycling firms. Most of the minerals considered critical by the U.S. government are not processed inside the country.
Kent Masters, CEO of North Carolina-based Albemarle, the world's largest producer of lithium for rechargeable batteries, told Reuters last month that the company's stalled plans to build a U.S. lithium refinery are "difficult now without some type of government support or partnership."
It was not immediately clear if the Trump administration aimed to use the funds for grants or equity stakes in mining companies, but Lutnick aims to "get the $2 billion out the door" as soon as possible, the first source said, adding that the administration aims to find other funds to reallocate in the near future.
A former U.S. official said the Biden administration considered using CHIPS Act grants for rare earths but decided it was uneconomical, required many environmental exemptions and was best left for the Department of Energy to handle.
The administration is also looking to use CHIPS Act-related funding to take equity stakes in Intel and other chip makers in exchange for cash grants, Reuters reported on Tuesday.
Trump moved quickly to expand U.S. critical minerals production since taking office in January by signing executive orders to boost deep-sea mining and domestic projects.
On Tuesday he met with the CEOs of Rio Tinto and BHP at the White House despite the ongoing negotiations with European leaders over Russia's invasion of Ukraine, a move aimed at underscoring his support for U.S. mining.
The CHIPS Act deliberations come after the Energy Department last week proposed $1 billion in spending for some critical minerals projects, with funds tied to the 2021 Bipartisan Infrastructure Law.
LUTNICK
The White House aims to give Lutnick a greater role over funding decisions for critical minerals by giving him oversight of the decision making process within the administration, the sources said.
The Pentagon's multibillion-dollar investment in MP Materials and its move to extend a price support mechanism – a deal negotiated by Deputy Defense Secretary Steve Feinberg – was seen by White House Chief of Staff Susie Wiles as uncoordinated as it sparked confusion over whether Washington would guarantee a price floor for all miners and forced the administration to clarify that it does not intend for MP to have a rare earths monopoly, the two sources said.
Much of the funding for MP's deal – including Washington's equity stake, loans and purchase agreements – still needs to be allocated by Congress.
Two weeks after the Pentagon announced its MP investment, administration officials rushed to meet at the White House with rare earths firms and their customers to underscore broad support for the entire sector, Reuters reported.
Lutnick will now help coordinate the administration's funding decisions, taking the lead from the Pentagon and other agencies, the sources said.
Lutnick ran brokerage firm Cantor Fitzgerald before he joined Trump's cabinet. Cantor is a large shareholder in Critical Metals Corp, which Reuters reported in June is under consideration for a loan from the U.S. Export-Import Bank.
(Reporting by Ernest Scheyder and Jarrett Renshaw; additional reporting by Alexandra Alper; Editing by Chris Sanders, Veronica Brown Alistair Bell)
Nordson Corporation’s NDSN third-quarter fiscal 2025 (ended July 31, 2025) adjusted earnings of $2.73 per share surpassed the Zacks Consensus Estimate of $2.63. The bottom line increased 13% year over year.
Quarterly Results of NDSN
Nordson’s revenues were $742 million, up 12% from the year-ago fiscal quarter’s number, driven by strength in the Advanced Technology Solutions segment and contributions from acquired assets. Revenues beat the consensus estimate of $717 million.Organic sales rose 2% year over year, driven by strong demand in the Asia-Pacific region. Acquisitions had a positive impact of 8% while foreign currency translation had a positive impact of 2%.On a regional basis, revenues from the Asia Pacific region were $240.3 million, up 23.1% year over year. Revenues generated from Europe increased 4% to $186.6 million, while the metric in the Americas increased 9.6% to $314.6 million.Nordson reports revenues under three segments. The segments are Industrial Precision Solutions, Medical and Fluid Solutions and Advanced Technology Solutions. A brief snapshot of the segmental sales is provided below:Revenues from Industrial Precision Solutions amounted to $350.8 million, up 0.5% from the year-ago fiscal quarter’s level. The segment contributed 47.3% to NDSN’s top line in the quarter.Organic sales decreased 2% from the year-ago fiscal quarter’s level, while foreign currency translation had a positive impact of 2.5%.Revenues from Medical and Fluid Solutions amounted to $219.5 million, up 31.6% from the year-ago fiscal quarter’s level. The segment contributed 29.6% to NDSN’s top line.Organic sales decreased 0.4% from the year-ago fiscal quarter’s level. Acquisitions boosted sales by 31% while foreign currency translation had a positive impact of 1%.Advanced Technology Solutions’ sales were $171.3 million, up 17.4% from the year-ago fiscal quarter’s figure. The metric represented 23.1% of Nordson’s revenues in the period.Organic sales increased 14.6% from the year-ago fiscal quarter’s level. Foreign currency translation had a positive impact of 2.8%.
Nordson Corporation Price, Consensus and EPS Surprise
Nordson Corporation price-consensus-eps-surprise-chart | Nordson Corporation Quote
Nordson’s Margin Profile
Nordson’s cost of sales increased 14.5% from the year-ago fiscal quarter’s level to $335 million. Gross profit was $406.5 million, up 10.2% from the year-ago fiscal quarter’s level. The gross margin decreased 100 basis points (bps) to 54.8%.Selling and administrative expenses increased 2.3% year over year to $206.5 million. Adjusted EBITDA was $238.5 million (up 14.6% year over year), the margin being 32.2%. Operating income was $187.8 million, up 12.4% year over year. Operating margin of 25.3% was flat from the year-ago period.Net interest expenses totaled $26 million, reflecting a 44.6% increase from the year-ago fiscal quarter’s level.
Nordson’s Balance Sheet & Cash Flow
At the time of exiting the third quarter of fiscal 2025, Nordson’s cash and cash equivalents were $147.8 million compared with $116 million recorded at the end of fiscal 2024. Long-term debt was $1.79 billion compared with $2.10 billion recorded at the end of fiscal 2024.In the first nine months of fiscal 2025, NDSN generated net cash of $516.3 million from operating activities, up 12.3% from the last fiscal year period’s tally. Capital invested in purchasing property, plant and equipment totaled $49 million, down 11.9% from the year-ago fiscal period.
NDSN’s Dividends/Share Buyback
In the first nine months of fiscal 2025, Nordson paid out dividends of $133 million, up 13.9% from $116.8 million in the previous fiscal year period.Treasury purchase shares amounted to $218.2 million, up from $34.1 million in the year-ago period.
NDSN’s Outlook
For fiscal 2025 (ending October 2025), it projects sales to be in the range of $2.75- $2.87 billion, with adjusted earnings of $9.70-$10.50 per share.
Nordson’s Zacks Rank & Stocks to Consider
The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Companies
Dover Corporation DOV reported earnings of $2.44 per share in second-quarter 2025, beating the Zacks Consensus Estimate of $2.39. This compares with earnings of $2.36 per share a year ago.Dover posted revenues of $2.05 billion in the quarter, surpassing the Zacks Consensus Estimate by 0.6%. This compares with year-ago revenues of $2.18 billion.Teck Resources Limited TECK came out with earnings of $0.27 per share in the second quarter of 2025, beating the Zacks Consensus Estimate of $0.2. This compares with earnings of $0.58 per share a year ago.Teck Resources posted revenues of $1.46 billion in the quarter, missing the Zacks Consensus Estimate by 8.7%. This compares with year-ago revenues of $2.83 billion. Packaging Corporation of America PKG reported earnings of $2.48 per share, beating the Zacks Consensus Estimate of $2.44. This compares with earnings of $2.2 per share a year ago.Packaging Corp. posted revenues of $2.17 billion in the quarter, surpassing the Zacks Consensus Estimate by 0.5%. This compares with year-ago revenues of $2.08 billion.
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Dover Corporation (DOV) : Free Stock Analysis Report
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Teck Resources Ltd (TECK) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Brisbane, Queensland, Australia–(Newsfile Corp. – August 21, 2025) – Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to announce that as a result of strong investor demand, the Company has increased the size of its previously announced "bought deal" public offering (the "Underwritten Offering") from gross proceeds of approximately C$5,000,000 to gross proceeds of approximately C$6,000,000. Pursuant to the upsized Underwritten Offering, Red Cloud Securities Inc. ("Red Cloud"), as sole underwriter and bookrunner, has agreed to purchase for resale 6,666,667 units of the Company (each, a "Unit") at a price of C$0.90 per Unit (the "Offering Price").
Each Unit will consist of one common share of the Company (each, a "Unit Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant shall entitle the holder to purchase one common share of the Company (each, a "Warrant Share") at a price of C$1.35 at any time on or before that date which is 36 months after the Closing Date (as herein defined).
The Company has granted to the Underwriter an option (the "Over-Allotment Option", and together with the Underwritten Offering, the "Offering"), exercisable, in whole or in part, at any time for a period of up to 30 days after and including the Closing Date, to purchase for resale the number of additional Units equal to up to 15% of the number of Units sold pursuant to the Underwritten Offering at the Offering Price to cover over allotments, if any, and for market stabilization purposes.
The net proceeds from the Offering will be used by the Company to fund ongoing operations including, but not limited to, commercial development, product development and working capital.In connection with the Offering, the Company intends to file a prospectus supplement (the "Supplement") to the Company's final short form base shelf prospectus dated March 7, 2025 (the "Shelf Prospectus"), with the securities regulatory authorities in each of the provinces and territories of Canada, except Quebec. The Units may also be sold in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and in such other jurisdictions outside of Canada and the United States, in each case in accordance with all applicable laws provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction, and provided the issuance of the Units (including the underlying securities) is permitted under laws applicable to the Company (including the Australian Corporations Act 2001 (Cth).
Copies of the Shelf Prospectus and the Supplement to be filed in connection with the Offering, can be found on SEDAR+ at www.sedarplus.ca. The Shelf Prospectus contains, and the Supplement will contain, important detailed information about the Company and the Offering. Prospective investors should read the Supplement, the Shelf Prospectus and the other documents the Company has filed on SEDAR+ at www.sedarplus.ca before making an investment decision.
The Offering is expected to close on or about September 3, 2025 (the "Closing Date"), or on such date as agreed upon between the Company and Red Cloud. The closing of the Offering is subject to the Company receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange to list, on the Closing Date, the common shares of the Company issuable from the sale of Units as well as upon the exercise of the Warrants.
This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.
About GMG
GMG is an Australian-based clean-technology company, which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in-house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low-cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean technology and other applications.
The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy saving coating), which is now being marketed into other applications, including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.
In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries"). GMG has also developed a graphene additive slurry that is aimed to improve the performance of lithium ion batteries.
GMG's 4 critical business objectives are:
Produce Graphene and Improve/Scale Cell Production Processes
Build Revenue from Energy Savings Products
Develop Next-Generation Battery
Develop Supply Chain, Partners & Project Execution Capability
For further information please contact:
Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the expected size and terms of the Offering, the anticipated timing of closing the Offering, the ability of the Company to satisfy all conditions to closing the Offering, and the expected use of proceeds from the Offering.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, expectations and assumptions concerning the business objectives of the Company; the Company's ability to carry out current planned capital projects, research and development, manufacturing, production, sales and marketing programs for its graphene and graphene-enhanced products and solutions; that the Company will receive the necessary regulatory approvals for the Offering; use the proceeds from the Offering as anticipated; the Company's performance and general business and economic conditions.
Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the risk that the Company is not able to use the proceeds from the Offering as anticipated by management; the risk that the Company does not receive the requisite regulatory approvals for the Offering; overall economic conditions; technical de-risking and market acceptance for the Company's products and solutions; the introduction of competing technologies or products; stock market volatility; environmental and regulatory requirements; competitive pressures; change in market conditions and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied in these forward-looking statements; the volatility of global capital markets; political instability; the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel; unexpected development and production challenges; unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at www.sedarplus.ca.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263313
Harmony Gold (HMY) closed at $15.91 in the latest trading session, marking a +2.71% move from the prior day. This move outpaced the S&P 500's daily loss of 0.4%. Meanwhile, the Dow experienced a drop of 0.34%, and the technology-dominated Nasdaq saw a decrease of 0.34%.
The stock of gold miner has risen by 4.45% in the past month, leading the Basic Materials sector's gain of 2.44% and the S&P 500's gain of 1.67%.
The investment community will be paying close attention to the earnings performance of Harmony Gold in its upcoming release. The company is slated to reveal its earnings on August 28, 2025.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.85 per share and a revenue of $0 million, indicating changes of +190.82% and 0%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Harmony Gold. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Harmony Gold holds a Zacks Rank of #2 (Buy).
Digging into valuation, Harmony Gold currently has a Forward P/E ratio of 5.44. This valuation marks a discount compared to its industry average Forward P/E of 12.96.
It's also important to note that HMY currently trades at a PEG ratio of 0.09. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Mining – Gold industry had an average PEG ratio of 0.58 as trading concluded yesterday.
The Mining – Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 75, placing it within the top 31% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Harmony Gold Mining Company Limited (HMY) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Explore Sociedad Química y Minera de Chile's Fair Values from the Community and select yours
Key Insights
The projected fair value for Sociedad Química y Minera de Chile is US$47.02 based on 2 Stage Free Cash Flow to Equity
With US$44.36 share price, Sociedad Química y Minera de Chile appears to be trading close to its estimated fair value
Analyst price target for SQM is US$49.46, which is 5.2% above our fair value estimate
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) as an investment opportunity by taking the expected future cash flows and discounting them to today's value. The Discounted Cash Flow (DCF) model is the tool we will apply to do this. It may sound complicated, but actually it is quite simple!
We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.
The Model
We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.
Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value:
10-year free cash flow (FCF) estimate
|
2026 |
2027 |
2028 |
2029 |
2030 |
2031 |
2032 |
2033 |
2034 |
2035 |
|
|
Levered FCF ($, Millions) |
-US$610.0m |
US$603.7m |
US$708.9m |
US$801.9m |
US$882.9m |
US$953.6m |
US$1.02b |
US$1.07b |
US$1.12b |
US$1.17b |
|
Growth Rate Estimate Source |
Analyst x2 |
Analyst x3 |
Est @ 17.42% |
Est @ 13.12% |
Est @ 10.11% |
Est @ 8.00% |
Est @ 6.52% |
Est @ 5.49% |
Est @ 4.77% |
Est @ 4.26% |
|
Present Value ($, Millions) Discounted @ 8.8% |
-US$561 |
US$510 |
US$550 |
US$572 |
US$579 |
US$575 |
US$563 |
US$546 |
US$525 |
US$503 |
("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = US$4.4b
The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (3.1%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 8.8%.
Terminal Value (TV)= FCF2035 × (1 + g) ÷ (r – g) = US$1.2b× (1 + 3.1%) ÷ (8.8%– 3.1%) = US$21b
Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$21b÷ ( 1 + 8.8%)10= US$9.1b
The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$13b. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of US$44.4, the company appears about fair value at a 5.6% discount to where the stock price trades currently. Remember though, that this is just an approximate valuation, and like any complex formula – garbage in, garbage out.
NYSE:SQM Discounted Cash Flow August 21st 2025The Assumptions
Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Sociedad Química y Minera de Chile as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 8.8%, which is based on a levered beta of 1.048. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.
View our latest analysis for Sociedad Química y Minera de Chile
SWOT Analysis for Sociedad Química y Minera de Chile
Strength
Earnings growth over the past year exceeded the industry.
Debt is well covered by earnings and cashflows.
Dividend is in the top 25% of dividend payers in the market.
Weakness
No major weaknesses identified for SQM.
Opportunity
Annual earnings are forecast to grow faster than the American market.
Good value based on P/E ratio and estimated fair value.
Threat
Dividends are not covered by cash flow.
Revenue is forecast to grow slower than 20% per year.
Looking Ahead:
Whilst important, the DCF calculation ideally won't be the sole piece of analysis you scrutinize for a company. It's not possible to obtain a foolproof valuation with a DCF model. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. For Sociedad Química y Minera de Chile, we've compiled three pertinent elements you should further examine:
Risks: To that end, you should learn about the 2 warning signs we've spotted with Sociedad Química y Minera de Chile (including 1 which is a bit unpleasant) .
Future Earnings: How does SQM's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.
Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered!
PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NYSE every day. If you want to find the calculation for other stocks just search here.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.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.
This article first appeared on GuruFocus.
Revenue: Decreased by more than 3% year on year due to lower lithium prices.
Lithium Sales Guidance: Updated to approximately 20,000 metric tons of lithium carbonate equivalent for the full calendar year 2025.
Lithium Hydroxide Production: Kwinana refinery expected to produce 50,000 metric tons annually, with half attributable to SQM.
Chilean Lithium Sales Volume: Expected to increase by at least 10% versus 2024.
Iodine Segment Gross Margin: Adjusted gross margin of 57%, contributing more than 50% to total company gross profit.
Specialty Plant Nutrition Business: Remains stable with resilient demand across key markets.
Potassium Volumes: Lower as guided, but prices remain firm.
Warning! GuruFocus has detected 5 Warning Sign with XSGO:COPEC.
Is SQM fairly valued? Test your thesis with our free DCF calculator.
Release Date: August 20, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
Sociedad Quimica Y Minera De Chile SA (NYSE:SQM) reported strong demand growth from the EV and BESS sectors, particularly in China and Europe.
The Kwinana refinery project was completed on time and on budget, with a ramp-up underway, expected to produce 50,000 metric tons of lithium hydroxide annually.
Iodine was the most profitable segment in the second quarter, with an adjusted gross margin of 57%, contributing more than 50% to the total company gross profit.
The Specialty Plant Nutrition business remains stable, reflecting resilient demand across key markets.
SQM’s diversified portfolio positions the company well to navigate a volatile environment, capturing strong fundamentals in the lithium market.
Negative Points
Lower lithium prices compared to earlier in the year drove revenues down by more than 3% year on year.
Lithium sales volumes from the Salar de Atacama were almost flat compared to last year due to lower prices triggering contract frauds.
The expansion decision for the Mt. Holland project will not be taken during 2025, with a final decision expected next year.
Potassium volumes in the fertilizers segment are lower as guided, despite firm prices.
The company faces uncertainties in the iodine market, with demand growth limited by supply constraints.
Q & A Highlights
Q: Can you discuss the midterm and long-term goals for the Specialty Plant Nutrition (SPN) business? Is it based on volume, EBITDA, or margin per ton? A: Juan Pablo Bellolio, Commercial Vice President – Plant Nutrition and Specialty Products, explained that the SPN business is not only about potassium nitrate but also includes blends based on MPKs. The strategy is to continue growing by adding services and products, maintaining a solid brand, and keeping prices stable. The focus is on increasing volume while maintaining strong brand recognition.
Q: What is the current status of the Mt. Holland expansion, and how does it affect the CapEx outlook for Salar Futuro? A: Mark Fones, CEO of the SQM International Lithium Division, stated that the expansion decision for Mt. Holland will not be made in 2025. The company is progressing with approvals and engineering studies, with a final decision expected next year. The CapEx outlook for Salar Futuro will be periodically reviewed, considering market conditions and project progress.
Q: What could potentially disrupt iodine prices, and are there any signs of demand destruction or changes in supply outlook? A: Pablo Altimiras, Executive Vice President – Nitrates and Iodine, noted that iodine demand is expected to grow less than 1% this year due to supply constraints. However, strong fundamentals in applications like ex-contrast media support demand. Some capacity is expected next year, but no significant market changes are anticipated. The strategy is to maintain capacity to meet demand.
Q: Can you confirm the expected volumes for Mt. Holland and Kwinana, and how does the ramp-up compare to other Australian hydroxide plants? A: Mark Fones confirmed that SQM expects to sell 20,000 tons of lithium carbonate equivalent in 2025, with volumes concentrated in the second half of the year. The ramp-up is planned with detailed engineering and strong vendor support, aiming for a smoother process compared to other plants.
Q: How have recent changes in lithium market dynamics affected your order book and customer discussions? A: Felipe Smith, Commercial Vice President – Lithium in Chile Division, mentioned that sales volumes are expected to increase by at least 10% in the second half of the year. Prices have been recovering, particularly in China, and are expected to be higher in Q3. The strategy remains to produce at full capacity and serve customer needs without speculation.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Toronto, Ontario–(Newsfile Corp. – August 21, 2025) – Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) ("Minnova" or the "Company") is pleased to announce the engagement of A&B Global Mining Pty. (Ltd.) ("ABGM"), a leading international mining consulting firm based in South Africa, to provide comprehensive technical and engineering services for its 100% owned PL Gold Mine in Manitoba, Canada. This strategic engagement is a critical step in advancing the PL Mine restart plan, culminating in a new, updated NI 43-101 Feasibility Study and Mineral Resource Estimate scheduled for completion in 2026.
The partnership with ABGM marks a pivotal milestone in Minnova's strategy to de-risk the PL Gold Mine, enhance its value, and capitalize on the robust gold market. ABGM will lead a structured, two-stage technical program to optimize the mine plan, strengthen the foundation for future development and financing, and maximize the project's overall value.
Gorden Glenn, President and CEO of Minnova, commented, "We are pleased to partner with A&B Global Mining, a firm with a world-class reputation for delivering excellence in mine engineering and project evaluation including execution support. This collaboration is pivotal for Minnova. It puts the PL Gold Mine on a clear, defined path to development. By systematically advancing the project through an updated mineral resource estimate and a new feasibility study, we are laying the groundwork to build a profitable and sustainable gold mining operation in Manitoba."
PL Gold Mine: Poised for Advancement
The PL Gold Mine is an advanced-stage development project with significant existing infrastructure, including a 1,000 tonnes-per-day (tpd) processing plant, over 7,000 meters of underground ramp development, and a valid underground mining permit.
Planning for technical programs at the PL Gold Mine continues to advance with a focus on a revised mine development plan based on the full 1,000 tpd mill capacity, which prioritizes lower-cost open pit mining methods in the initial years of operation. In addition to surface exploration and infill drilling, the Company believes updated metallurgical test work to include ore sorting and gravity recovery studies could have a positive impact on the project by potentially increasing grades, improving recovery, and lowering processing costs.
The work programs planned for 2025 and 2026 will help to advance the PL Gold Mine and inform a future feasibility study to be completed in 2026. Key development activities will include:
Diamond drilling to expand resources and upgrade reserves.
An updated Mineral Resource Estimate.
A revised mine development plan prioritizing open pit mining.
Updated metallurgical test work.
An updated, comprehensive Feasibility Study.
A&B Global Mining Scope of Work
ABGM will initially manage the project's technical advancement in two distinct stages:
Stage 1: Mining Concept Development
This initial stage will establish the foundational data and models required for advanced engineering and economic studies. Key deliverables include:
An audited and signed-off drilling database.
Updated geological and resource models.
A NI 43-101 compliant Mineral Resource Estimate.
A comprehensive internal mining concept study report.
A detailed roadmap for Stage 2.
Stage 2: Class 3 Feasibility Study
Following the successful completion of Stage 1, ABGM will undertake a full Feasibility Study to Class 3 engineering standards. This stage will provide the detailed engineering and financial analysis required for a financial analysis and a future production decision. Key deliverables include:
Detailed mining design and layout (open pit and underground).
A 3D mine plan and schedule.
Mine engineering and infrastructure layout.
Basic engineering.
A NI 43-101 compliant Mineral Reserves Estímate.
Detailed capital and operating cost estimates and financial models.
A final NI 43-101 Technical Report and Feasibility Study.
Mr. Glenn concluded, "The structured, two-stage approach being executed by ABGM is precisely what is needed to move the PL Gold Mine forward. ABGM will ensure highest QA/QC standards in data collection and analysis and will provide a high-quality, independent technical validation of the PL Gold Mine project required to secure development funding and execute on our vision of restarting the mine. We look forward to working closely with the ABGM team and updating our shareholders as we achieve key milestones."
About Minnova Corp.
Minnova Corp. is focused on the restart of its PL Gold Mine and completed a positive Feasibility Study in 2018, based on a gold price of US$1,250 per ounce. The study concluded the restart of the PL Gold Mine, at an average annual production rate of 46,493 ounces over a minimum 5-year mine life, was economically robust. Importantly the global resource remains open to expansion, as does the reserve. The PL Gold Mine benefits from a short pre-production timeline forecast at 15 months, a valid underground mining permit (Environment Act 1207E), an existing 1,000 tpd processing plant, over 7,000 meters of developed underground ramp to -135 metres depth.
About A&B Global Mining
A&B Global Mining Pty. (Ltd.) (ABGM) is a premier mining consultancy with deep expertise across the mining life cycle. With a track record of success on projects around the globe, ABGM provides integrated, innovative, and practical solutions in geology, mine engineering, and project management to help clients maximize the value of their mineral assets.
ABGM welcomes the opportunity to collaborate with Minnova and believes that their organisation is well-positioned to add significant value to this initiative. Their team comprises highly skilled professionals with extensive experience in exploration, resource estimation, technical reporting, and project implementation across multiple commodities and jurisdictions, including Africa. We are confident in our ability to deliver high-quality outputs in line with Minnova's strategic objectives.
ABGM has a proven track record of delivering high-quality technical support to international clients, including the successful design of exploration programmes, validation of resource models and the preparation of technical documentation that has underpinned both internal investment decisions and external market disclosures.
Qualified Person
Mr. Chris Buchanan, M. Sc., P. Geo., a consultant of the Company and a "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.
For more information please contact:
Minnova Corp.Gorden GlennPresident & Chief Executive Officer
For further information, please contact Investor Relations: info@minnovacorp.ca
Visit our website at www.minnovacorp.ca
Forward-Looking Statements
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.
This news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.
NOT FOR DISSEMINATION INTO THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263388
This article first appeared on GuruFocus.
Release Date: August 19, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
BHP Group Ltd (NYSE:BHP) achieved record iron ore and copper production, with copper volumes growing by 28% over the past three years.
The company delivered a strong financial performance with an underlying EBITDA margin of 53% and a return on capital employed of 21%.
BHP Group Ltd (NYSE:BHP) paid a final dividend of 60 US cents per share, resulting in a full-year dividend of $5.6 billion.
The company achieved gender balance in its global workforce, with female representation now at 41.3%, contributing to better business performance.
BHP Group Ltd (NYSE:BHP) has reduced its capital spend by $1 billion per year over the medium term and revised its target net debt range to $10 to $20 billion.
Negative Points
The company experienced a 10% decline in EBITDA due to unfavorable commodity prices, despite favorable foreign exchange rates.
BHP Group Ltd (NYSE:BHP) encountered higher inflation and cost escalation than anticipated, particularly affecting the Jansen project.
The pace of development for decarbonization technology has slowed, delaying anticipated operational decarbonization spend to the 2030s.
Higher labor costs over and above CPI inflation impacted the company’s financial performance.
The transition to closure for New South Wales Energy Coal is progressing, indicating a phase-out of operations in that segment.
Q & A Highlights
Q: Can you elaborate on the factors contributing to the 10% decline in EBITDA? A: The decline in EBITDA was entirely due to commodity prices. While we benefited from favorable foreign exchange rates, these were offset by inflationary pressures. Despite this, our operational performance remained strong, with copper equivalent volume growth up around 4%. (CFO, Vendita Pant)
Q: How has BHP managed to maintain its position as the lowest cost major iron ore producer globally? A: Western Australia iron ore has consistently demonstrated its leadership with record production and shipments, achieving an EBITDA margin of 63%. Our costs are just $17.29 per ton, maintaining our status as the lowest cost major iron ore producer for six consecutive years. (CFO, Vendita Pant)
Q: What are the future growth projections for BHP’s production? A: Assuming our projects proceed as planned, we anticipate an average production growth of 2.2% per annum over the next decade. This growth is supported by our focus on highly attractive commodities and world-class assets. (CEO, Mike Henry)
Q: Can you discuss the impact of inflation and cost escalation on the Jansen project? A: We encountered higher inflation and cost escalation than anticipated, particularly in surface works. We’ve taken action to contain these costs and will apply learnings to future projects. The first production for stage 2 has been extended by two years to free up capital for higher returning projects. (CEO, Mike Henry)
Q: How is BHP addressing the challenges in decarbonization technology development? A: The pace of development for our decarbonization technology, particularly diesel displacement, has slowed. We now expect operational decarbonization spending to occur in the 2030s, aligning with the delayed timeline for critical technologies. However, we remain on track to meet our 2030 target for operational greenhouse gas emissions. (CFO, Vendita Pant)
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
US President Donald Trump welcomed Rio Tinto CEO Jakob Stausholm and incoming CEO Simon Trott, as well as BHP CEO Mike Henry, to the Oval Office on Tuesday to discuss the developments around a vast copper mine project called Resolution Copper.
This came a day after the opponents succeeded in temporarily blocking the project.
The president called opponents of a huge copper mine in Arizona “radical left activists” in a social media post after the meeting.
The project — a joint venture owned by international mining giants Rio Tinto and BHP — is set to be one of the biggest copper mines in North America.
President Trump has emphasised the need for more copper production in the US, as the versatile metal is important for the country’s mineral security. Copper is key to the energy transition and has many uses, remaining an essential component of electrical circuits, as well as defence and technology products.
The two international mining giants teamed up to develop Resolution Copper after the deposit was discovered two decades ago.
However, Native American tribes and environmentalists have been fighting fiercely ever since, citing religious, cultural and environmental concerns.
After a series of court cases and environmental studies, the companies were set to take over the federal forest land in Arizona on Tuesday when a US appeals court temporarily blocked the transfer, delaying the mining.
The US Ninth Circuit Court of Appeals issued a temporary injunction late on Monday in response to last-minute appeals by a Native American tribe and environmentalists.
The land includes Oak Flat — an area used for centuries for religious ceremonies, prayer and gathering of medicinal plants by the San Carlos Apache people and other Native American tribes. The tribe celebrated the pause.
President Donald Trump, however, called the opponents “Anti-American, and representing other copper competitive countries,” in his post on Truth Social. He also stated that delaying the project would affect thousands of jobs.
A press release from Resolution Copper stated that the companies view this as “merely a temporary pause”. The statement added: “We are confident the court will ultimately affirm the district court’s well-reasoned orders explaining in detail why the congressionally directed land exchange satisfies all applicable legal requirements.”
Mike Henry, CEO of BHP, said in a social media post that the project “will create thousands of high-value local jobs in Arizona and billions in economic activity across America”.
An earlier estimate from Resolution Copper stated that the mine would generate $1 billion (€860 million) a year for Arizona’s economy and create thousands of jobs.
A brief history of opposing Resolution Copper
The fight over Oak Flat has spanned two decades, with the latest legal wrangling centred on a required environmental review that was released by the US Forest Service earlier this summer and an appraisal of the land to be mined by Resolution Copper about 60 miles (96 kilometres) east of Phoenix.
Before the land exchange can happen, the plaintiffs argued that the federal government must prepare a comprehensive review that covers “every aspect of the planned mine and all related infrastructure”.
They said the government failed to consider the potential for a dam breach, pipeline failure and if there was an emergency plan for a tailings storage area.
As for the appraisal, they said it did not account for the value of the copper deposits that are at least 5,000 feet (1,500 metres) below the surface.
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The appeals court plans to hear arguments on the merits of the case later this year, but no date has been announced yet.
“This injunction comes in a desperate time of asking for miracles, all over the country and all over the world,” Wendsler Nosie Sr. of the group Apache Stronghold said in a statement shared on social media.
Resolution Copper has said the project underwent an extensive review by the US Forest Service that has included consultation with tribes that have ancestral ties to the land.
“The collaborative process has directly led to major changes to the mining plan to preserve and reduce potential impacts on tribal, social, environmental and cultural interests,” the company stated.
The Forest Service has argued in court filings that it has no discretion because the land exchange was mandated by Congress when language was included in a must-pass national defence spending bill that was signed into law in 2014 by then-President Barack Obama.
There have been unsuccessful legislative attempts in the years since to withdraw the Oak Flat area from mining activity.
(Bloomberg) — President Donald Trump met with the chief executive officers of the world’s two biggest mining companies to discuss a copper project that could supply the US with a quarter of its demand for decades to come, adding greater weight to his push to boost local output of the vital metal.
Rio Tinto Group’s Jakob Stausholm; his incoming replacement, Simon Trott; and counterpart at BHP Group, Mike Henry, met the US leader to discuss the Resolution project in Arizona, according to a LinkedIn post by Stausholm. In a separate post, Trump criticized a court judgment that set back the development, insisting the US’ need for greater domestic production was urgent.
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The Trump administration has made the revival of US metals and minerals production a key priority, including copper, a commodity vital for the energy transition as well as conventional uses in pipes. As part of that push, Washington imposed tariffs on a wide range of products made from the metal earlier this year, although flows of refined material were not covered.
Jakob StausholmPhotographer: Betty Laura Zapata/Bloomberg
“Today, I visited the White House with Simon Trott to meet with US President Donald Trump, Secretary of the Interior Doug Burgum, and other officials to discuss Rio Tinto’s crucial role in delivering American copper and other critical minerals,” Stausholm said in the post. They discussed Resolution and the potential the project had to provide domestic supply, he added.
The talkscentered on the “industry’s capacity to deliver long-term domestic supplies of copper and other critical minerals,” Rio said in a statement.
Still, even with Trump’s support, building a mega-mine in America remains a challenging and drawn-out endeavor. It takes 29 years on average between discovery and commercial mine production in the US, the longest timeline of any country except Zambia, according to S&P Global.
Most easy-to-reach deposits, including one located above Resolution, were depleted during the 20th century. Now, miners must go deeper, into earth so hot it would have been impossible for workers to survive a century ago, presenting a host of technical obstacles that jack up project costs.
If developed, the Arizona project could supply the US with 25% of its annual copper needs for as many as 40 years, according to Rio Tinto, but it has been delayed for decades due to permitting, environmental concerns, and litigation.
Final environmental approval for the mine was given in June. However, opponents then lodged an appeal seeking a review of the decision. On Tuesday, they won a delay in approving a land swap that’s key to the development.
Trump criticized the court’s decision in a social-media post that coincided with the visit by the Rio Tinto and BHP executives.
Mike HenryPhotographer: Carla Gottgens/Bloomberg
“A Copper Mine in Arizona, ‘Resolution,’ was just delayed by a Radical Left Court for two months — 3,800 Jobs are affected, and our Country, quite simply, needs Copper — AND NOW!” the president said on Truth Social.
Benchmark copper futures have advanced about 11% this year, and last traded above $9,708 a ton on the London Metal Exchange. The record price was set last year at a little above $11,000.
In June, Rio Tinto said it had incurred gross costs of $321 million associated with US tariffs on aluminum, but added that a “substantial part” of that sum had been clawed back from higher premiums on US sales.
(Adds reference to Trump post in second paragraph.)
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BHP Group Limited BHP reported a 26% year-over-year decrease in underlying attributable profit from continuing operations at $10.2 billion for fiscal 2025 (ended June 30, 2025). The downside was led by a decline in iron ore and coal prices. This was partially offset by record copper and iron ore production volumes, and higher steelmaking coal production and copper prices. BHP’s underlying earnings per share were $2.00 compared with $2.70 in fiscal 2024. Earnings per American Depositary Share (ADS) were $4.00, lower than $5.40 in the previous year. The metric beat the Zacks Consensus Estimate of $3.87. BHP’s each ADS represents two fully-paid ordinary shares.
BHP Group Limited Sponsored ADR Price, Consensus and EPS Surprise
BHP Group Limited Sponsored ADR price-consensus-eps-surprise-chart | BHP Group Limited Sponsored ADR Quote
BHP’s FY25 Revenues Dip Y/Y
Revenues for fiscal 2025 totaled $51.3 billion, which missed the Zacks Consensus Estimate of $52.1 billion. The top line was 8% lower than the prior fiscal year.The Iron ore segment’s revenues fell 18% year over year to around $23 billion, whereas revenues in the Copper segment increased 21.4% to $22.5 billion. The Coal segment’s revenues plunged 34.2% to $5 billion.
BHP Group Delivers Record Iron & Copper Production in FY25
The company’s total iron ore production for fiscal 2025 was a record 263 Mt, up 1% year over year. The figure came within the company’s guidance of 255-265.5 Mt. Production at Western Australia Iron Ore (“WAIO”) was a record of 257 Mt (290 Mt on a 100% basis), reflecting supply-chain excellence with record productive movement, in addition to improved rail cycle times, and enhanced car dumper and ship loader performance unlocked by the Port Debottlenecking Project 1 (PDP1). The record production was delivered despite the impacts of Tropical Cyclone Zelia and Tropical Storm Sean in the third quarter, and the planned increase in tie-in activity of the multi-year Rail Technology Program (RTP1).Copper production rose 8% year over year to a record 2,017 kt. In fiscal 2025, nickel output was 30.2 kt, which was 63% lower year over year.
BHP’s FY25 EBITDA Margin Slips Y/Y
Underlying earnings before interest, taxes, depreciation and amortization (EBITDA) decreased 10.6% from the prior year to $26 billion due to lower revenues. The underlying EBITDA margin was 53%, down from the prior year’s 54%. For the Iron ore segment, underlying EBITDA was down 23.9% year over year to $14 billion, while the Copper segment’s underlying EBITDA increased 43.9% to $12 billion. The Coal segment’s underlying EBITDA plunged 75% year over year to $573 million.Profit from operations increased 11% year over year to $19.4 billion. In fiscal 2025, BHP’s attributable profit (for total operations) increased 14% year over year to $9 billion.
BHP Group’s Financial Position
Net operating cash flow for fiscal 2025 was $18.7 billion compared with $20.7 billion in fiscal 2024. The downside was attributed to lower realized prices. BHP Group reported a free cash flow of $5.3 billion, down from $11.9 billion in fiscal 2024.The company invested $2.1 billion to acquire a 50% interest in the Vicuña joint venture. Capital and exploration expenditure totaled $9.8 billion, up 6% from the prior fiscal year. As of the end of fiscal 2025, net debt was $12.9 billion compared with $9.1 billion as of the end of fiscal 2024.
BHP’s Production Guidance for FY26
BHP Group’s iron ore production guidance for fiscal 2026 is 258-269 Mt. WAIO's production is expected to be 251-262 Mt (284-296 Mt on a 100% basis). The company expects copper production to be 1,800-2,000 kt in fiscal 2026.Steelmaking coal production in fiscal 2026 is expected at 18-20 Mt (36-40 Mt on a 100% basis). Energy coal production is expected to be 14-16 Mt.
BHP Group Provides Unit Cost Guidance for FY26
Unit cost guidance for WAIO is expected to be $18.25-$19.75 per ton. Escondida unit costs are estimated to be $1.20-$1.50 per pound. Spence unit costs are expected between $2.00 and $2.40 per pound. Copper South Australia’s unit costs are anticipated to be $1.00-$1.50 per pound. BMA unit costs are expected between $116 and $128 per ton.
BHP Stock’s Price Performance
BHP Group’s shares have gained 4.9% in a year compared with the industry’s 12.7% growth.
Zacks Investment Research
Image Source: Zacks Investment Research
BHP Group’s Zacks Rank
BHP currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Performances in the Basic Materials Sector
Reliance, Inc. RS recorded earnings of $4.43 per share. Reliance lagged the Zacks Consensus Estimate of $4.72.Reliance recorded net revenues of $3.66 billion, up around 0.5% year over year. The top line beat the Zacks Consensus Estimate of $3.63 billion. Reliance reported a 3.9% year-over-year increase in shipments (thousand tons sold) to 1,615. Wheaton Precious Metals Corp. WPM reported adjusted earnings per share of 63 cents in second-quarter 2025, which surpassed the Zacks Consensus Estimate of 58 cents. The bottom line surged 90.9% year over year.Wheaton Precious Metals generated record revenues of around $503 million, which improved 68.3% on a year-over-year basis. The upside was caused by a 32% increase in average realized price and a 28% improvement in gold equivalent ounces (GEOs) sold. The top line beat the Zacks Consensus Estimate of $468 million.Teck Resources Ltd. TECK came out with earnings of 27 cents per share in the second quarter of 2025, beating the Zacks Consensus Estimate of 20 cents. This compares with earnings of 58 cents per share a year ago.Teck Resources posted revenues of $1.46 billion in the quarter, missing the Zacks Consensus Estimate by 8.7%. This compares with year-ago revenues of $2.83 billion.
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BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report
Reliance, Inc. (RS) : Free Stock Analysis Report
Teck Resources Ltd (TECK) : Free Stock Analysis Report
Wheaton Precious Metals Corp. (WPM) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
BHP Group Limited BHP reported a 26% year-over-year decrease in underlying attributable profit from continuing operations at $10.2 billion for fiscal 2025 (ended June 30, 2025). The downside was led by a decline in iron ore and coal prices. This was partially offset by record copper and iron ore production volumes, and higher steelmaking coal production and copper prices. BHP’s underlying earnings per share were $2.00 compared with $2.70 in fiscal 2024. Earnings per American Depositary Share (ADS) were $4.00, lower than $5.40 in the previous year. The metric beat the Zacks Consensus Estimate of $3.87. BHP’s each ADS represents two fully-paid ordinary shares.
BHP Group Limited Sponsored ADR Price, Consensus and EPS Surprise
BHP Group Limited Sponsored ADR price-consensus-eps-surprise-chart | BHP Group Limited Sponsored ADR Quote
BHP’s FY25 Revenues Dip Y/Y
Revenues for fiscal 2025 totaled $51.3 billion, which missed the Zacks Consensus Estimate of $52.1 billion. The top line was 8% lower than the prior fiscal year.The Iron ore segment’s revenues fell 18% year over year to around $23 billion, whereas revenues in the Copper segment increased 21.4% to $22.5 billion. The Coal segment’s revenues plunged 34.2% to $5 billion.
BHP Group Delivers Record Iron & Copper Production in FY25
The company’s total iron ore production for fiscal 2025 was a record 263 Mt, up 1% year over year. The figure came within the company’s guidance of 255-265.5 Mt. Production at Western Australia Iron Ore (“WAIO”) was a record of 257 Mt (290 Mt on a 100% basis), reflecting supply-chain excellence with record productive movement, in addition to improved rail cycle times, and enhanced car dumper and ship loader performance unlocked by the Port Debottlenecking Project 1 (PDP1). The record production was delivered despite the impacts of Tropical Cyclone Zelia and Tropical Storm Sean in the third quarter, and the planned increase in tie-in activity of the multi-year Rail Technology Program (RTP1).Copper production rose 8% year over year to a record 2,017 kt. In fiscal 2025, nickel output was 30.2 kt, which was 63% lower year over year.
BHP’s FY25 EBITDA Margin Slips Y/Y
Underlying earnings before interest, taxes, depreciation and amortization (EBITDA) decreased 10.6% from the prior year to $26 billion due to lower revenues. The underlying EBITDA margin was 53%, down from the prior year’s 54%. For the Iron ore segment, underlying EBITDA was down 23.9% year over year to $14 billion, while the Copper segment’s underlying EBITDA increased 43.9% to $12 billion. The Coal segment’s underlying EBITDA plunged 75% year over year to $573 million.Profit from operations increased 11% year over year to $19.4 billion. In fiscal 2025, BHP’s attributable profit (for total operations) increased 14% year over year to $9 billion.
BHP Group’s Financial Position
Net operating cash flow for fiscal 2025 was $18.7 billion compared with $20.7 billion in fiscal 2024. The downside was attributed to lower realized prices. BHP Group reported a free cash flow of $5.3 billion, down from $11.9 billion in fiscal 2024.The company invested $2.1 billion to acquire a 50% interest in the Vicuña joint venture. Capital and exploration expenditure totaled $9.8 billion, up 6% from the prior fiscal year. As of the end of fiscal 2025, net debt was $12.9 billion compared with $9.1 billion as of the end of fiscal 2024.
BHP’s Production Guidance for FY26
BHP Group’s iron ore production guidance for fiscal 2026 is 258-269 Mt. WAIO's production is expected to be 251-262 Mt (284-296 Mt on a 100% basis). The company expects copper production to be 1,800-2,000 kt in fiscal 2026.Steelmaking coal production in fiscal 2026 is expected at 18-20 Mt (36-40 Mt on a 100% basis). Energy coal production is expected to be 14-16 Mt.
BHP Group Provides Unit Cost Guidance for FY26
Unit cost guidance for WAIO is expected to be $18.25-$19.75 per ton. Escondida unit costs are estimated to be $1.20-$1.50 per pound. Spence unit costs are expected between $2.00 and $2.40 per pound. Copper South Australia’s unit costs are anticipated to be $1.00-$1.50 per pound. BMA unit costs are expected between $116 and $128 per ton.
BHP Stock’s Price Performance
BHP Group’s shares have gained 4.9% in a year compared with the industry’s 12.7% growth.
Zacks Investment Research
Image Source: Zacks Investment Research
BHP Group’s Zacks Rank
BHP currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Performances in the Basic Materials Sector
Reliance, Inc. RS recorded earnings of $4.43 per share. Reliance lagged the Zacks Consensus Estimate of $4.72.Reliance recorded net revenues of $3.66 billion, up around 0.5% year over year. The top line beat the Zacks Consensus Estimate of $3.63 billion. Reliance reported a 3.9% year-over-year increase in shipments (thousand tons sold) to 1,615. Wheaton Precious Metals Corp. WPM reported adjusted earnings per share of 63 cents in second-quarter 2025, which surpassed the Zacks Consensus Estimate of 58 cents. The bottom line surged 90.9% year over year.Wheaton Precious Metals generated record revenues of around $503 million, which improved 68.3% on a year-over-year basis. The upside was caused by a 32% increase in average realized price and a 28% improvement in gold equivalent ounces (GEOs) sold. The top line beat the Zacks Consensus Estimate of $468 million.Teck Resources Ltd. TECK came out with earnings of 27 cents per share in the second quarter of 2025, beating the Zacks Consensus Estimate of 20 cents. This compares with earnings of 58 cents per share a year ago.Teck Resources posted revenues of $1.46 billion in the quarter, missing the Zacks Consensus Estimate by 8.7%. This compares with year-ago revenues of $2.83 billion.
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BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report
Reliance, Inc. (RS) : Free Stock Analysis Report
Teck Resources Ltd (TECK) : Free Stock Analysis Report
Wheaton Precious Metals Corp. (WPM) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Brisbane, Queensland, Australia–(Newsfile Corp. – August 20, 2025) – Graphene Manufacturing Group Ltd. (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. ("Red Cloud"), as sole underwriter and bookrunner, pursuant to which Red Cloud has agreed to purchase for resale 5,555,556 units of the Company (each, a "Unit") at a price of C$0.90 per Unit (the "Offering Price") on a "bought deal" basis in a public offering for gross proceeds of approximately C$5,000,000 (the "Underwritten Offering").
Each Unit will consist of one common share of the Company (each, a "Unit Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant shall entitle the holder to purchase one common share of the Company (each, a "Warrant Share") at a price of C$1.35 at any time on or before that date which is 36 months after the Closing Date (as herein defined).
The Company has granted to the Underwriter an option (the "Over-Allotment Option", and together with the Underwritten Offering, the "Offering"), exercisable, in whole or in part, at any time for a period of up to 30 days after and including the Closing Date, to purchase for resale the number of additional Units equal to up to 15% of the number of Units sold pursuant to the Underwritten Offering at the Offering Price to cover over allotments, if any, and for market stabilization purposes.
The net proceeds from the Offering will be used by the Company to fund ongoing operations including, but not limited to, commercial development, product development and working capital.
In connection with the Offering, the Company intends to file a prospectus supplement (the "Supplement") to the Company's final short form base shelf prospectus dated March 7, 2025 (the "Shelf Prospectus"), with the securities regulatory authorities in each of the provinces and territories of Canada, except Quebec. The Units may also be sold in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and in such other jurisdictions outside of Canada and the United States, in each case in accordance with all applicable laws provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction, and provided the issuance of the Units (including the underlying securities) is permitted under laws applicable to the Company (including the Australian Corporations Act 2001 (Cth).
Copies of the Shelf Prospectus and the Supplement to be filed in connection with the Offering can be found on SEDAR+ at www.sedarplus.ca. The Shelf Prospectus contains, and the Supplement will contain, important detailed information about the Company and the Offering. Prospective investors should read the Supplement, the Shelf Prospectus and the other documents the Company has filed on SEDAR+ at www.sedarplus.ca before making an investment decision.
The Offering is expected to close on or about September 3rd, 2025 (the "Closing Date"), or on such date as agreed upon between the Company and Red Cloud. The closing of the Offering is subject to the Company receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange to list, on the Closing Date, the common shares of the Company issuable from the sale of Units as well as upon the exercise of the Warrants.
This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.
About GMG
GMG is an Australian-based clean-technology company, which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured via in-house production process. GMG uses its own proprietary production process to decompose natural gas (i.e. methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low-cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean technology and other applications.
The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications. In the energy savings segment, GMG has initially focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy saving coating), which is now being marketed into other applications, including electronic heat sinks, industrial process plants and data centres. Another product GMG has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.
In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries"). GMG has also developed a graphene additive slurry that is aimed to improve the performance of lithium ion batteries.
GMG's 4 critical business objectives are:
Produce Graphene and Improve/Scale Cell Production Processes
Build Revenue from Energy Savings Products
Develop Next-Generation Battery
Develop Supply Chain, Partners & Project Execution Capability
For further information please contact:
Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the expected size and terms of the Offering, the anticipated timing of closing the Offering, the ability of the Company to satisfy all conditions to closing the Offering, and the expected use of proceeds from the Offering.
Such forward-looking statements are based on a number of assumptions of management, including, without limitation, expectations and assumptions concerning the business objectives of the Company; the Company's ability to carry out current planned capital projects, research and development, manufacturing, production, sales and marketing programs for its graphene and graphene-enhanced products and solutions; that the Company will receive the necessary regulatory approvals for the Offering; use the proceeds from the Offering as anticipated; the Company's performance and general business and economic conditions.
Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the risk that the Company is not able to use the proceeds from the Offering as anticipated by management; the risk that the Company does not receive the requisite regulatory approvals for the Offering; overall economic conditions; technical de-risking and market acceptance for the Company's products and solutions; the introduction of competing technologies or products; stock market volatility; environmental and regulatory requirements; competitive pressures; change in market conditions and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied in these forward looking statements; the volatility of global capital markets; political instability; the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel; unexpected development and production challenges; unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 3, 2024 available for review on the Company's profile at www.sedarplus.ca.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263207
Honored alongside partners HP Inc., Sanofi, TE Connectivity, PepsiCo, Inc., Standard Chartered, and Freeport-McMoRan, for excellence in compliance training and corporate learning programs
NEW YORK, August 20, 2025–(BUSINESS WIRE)–LRN Corporation, a leader in ethics and compliance solutions, won a total of seven awards at the 2025 Brandon Hall Group™ HCM Excellence Awards®, capturing four Gold awards and three Silver awards in the Learning and Development category. This is LRN’s fifth consecutive year being honored by the Brandon Hall Group.
"The Brandon Hall Group Awards are especially meaningful because they are submitted in collaboration with our clients and reflect recommendations that come directly from our client relationship teams," said Lenny Izzo, Chief Revenue Officer at LRN Corporation. "They are a true testament to the strength of our relationships and the trust our clients place in us to help them achieve their goals."
The seven wins, all accepted jointly with client partners HP Inc., Sanofi, TE Connectivity, PepsiCo, Inc., Standard Chartered, and Freeport-McMoran, exemplify LRN’s innovative and client-focused approach of developing top-tier training courses designed to meet each organization’s specific needs.
Four Gold Wins:
TE Connectivity – Catalyst Reveal (Best Learning Technology Implementation)
HP Inc. – 2024 Cybersecurity – Phish and Consequence (Best Use of Games or Simulations for Learning)
PepsiCo, Inc. – New Hire Code of Conduct Course (Best Custom Content)
Standard Chartered – Health, Safety, Wellbeing, and Security (Best Custom Content)
Three Silver Wins:
Sanofi – Catalyst Reveal (Best Learning Technology Implementation)
Freeport-McMoRan – Anti-Bribery and Corruption Com (Best Compliance Training)
HP Inc. – Integrating Privacy in the Product Engineering (Best Custom Content)
Entries were evaluated by a panel of veteran, independent senior industry experts, Brandon Hall Group analysts, and executives based on these criteria: alignment to their business need and environment; program design, functionality, and delivery; adoption, integration, user experience; innovation and creativity; and overall effectiveness, impact, and measurable benefits.
"This year's Excellence Award winners exemplify the transformative power of strategic human capital management. Through their innovative approaches to talent development and employee engagement, these organizations have not only achieved remarkable business outcomes but have also redefined what it means to create truly people-centric workplaces. Our comprehensive evaluation process has identified these programs as benchmarks for organizational excellence and innovation," said Brandon Hall Group Chief Operating Officer Rachel Cooke, HCM Excellence Awards® program leader.
The Brandon Hall Group Excellence Awards were announced on August 14, 2025. View the full list of winners here: https://excellenceawards.brandonhall.com/winners/.
About LRN Corporation
LRN is the world's largest dedicated ethics and compliance company, educating and helping more than 30 million people each year worldwide navigate complex legal and regulatory environments and foster ethical cultures. As one of the Inc. 5000 Fastest-Growing Companies, LRN's growth and impact underscore our commitment to excellence and innovation in the advancement of ethical business practices. Our combination of practical analytics and software solutions, education, and strategic advisement helps companies translate their values into concrete practices and leadership behaviors that create sustainable, competitive advantage. LRN is the trusted long-term partner to more than 2700 organizations, including some of the most respected and successful businesses in the world.
About Brandon Hall Group™
Brandon Hall Group™ is the only professional development company that offers data, research, insights and certification to Learning and Talent executives and organizations. The best minds in Human Capital Management (HCM) choose Brandon Hall Group™ to help them create future-proof employee development plans for the new era.
For over 30 years, we have empowered, recognized and certified excellence in organizations worldwide, influencing the development of over 10 million employees and executives. Our HCM Excellence Awards® program was the first to recognize organizations for learning and talent and is the gold standard, known as the "Academy Awards of Human Capital Management."
The awards recognize the best organizations that have successfully developed and deployed programs, strategies, modalities, processes, systems and tools that have achieved measurable results. We are honored to receive applications from organizations worldwide ranging from small, medium, large and global enterprises to government, not-for-profits and associations.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250820200171/en/
Contacts
Media contactBob Spoerllrn@bearicebox.com
SQM
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SQM reported total revenues for the six months ended June 30, 2025 of US$2,079.3 million compared to total revenues of US$2,378.1 million for the same period last year. |
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Net income for the six months ended June 30, 2025 of US$226.0 million or US$0.79 per share, compared to net loss of US$(655.9) million or US$(2.30) per share for the same period last year. |
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Continue to observe record- high iodine sales price. |
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Strong price environment in SPN and Potassium businesses. |
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Increasing sales volumes for the coming months from the International Lithium Division and completion of the Kwinana refinery. |
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SQM will hold a conference call to discuss these results on Wednesday, August 20, 2025 at 12:00pm EDT (12:00pm Chile time). |
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Participant Call link: https://register-conf.media-server.com/register/BI096c4f4e6f094d1db8eba9c6ed4a9bbd |
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SANTIAGO, Chile, Aug. 20, 2025 (GLOBE NEWSWIRE) — Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM-A) reported today net income for the six months ended June 30, 2025, of US$226.0 million or US$0.79 per share, compared to a loss1 of US$(655.9) million or US$(2.30) per share reported for the same period last year.
Gross profit reached US$558.3 million (26.8% of revenues) for the six months ended June 30, 2025, lower than US$752.5 million (31.6% of revenues) recorded for the six months ended June 30, 2024. Revenues totaled US$2,079.3 million for the six months ended June 30, 2025, representing a decrease of 12.6% compared to US$2,378.1 million reported for the six months ended June 30, 2024.
The Company also announced net income for the second quarter of 2025 of US$88.4 million or US$0.31 per share, a decrease of 58.6% compared to US$213.6 million or US$0.75 per share for the second quarter of 2024. Gross profit for the second quarter of 2025 reached US$253.6 million, 34.0% lower than the US$383.9 million reported for the second quarter of 2024. Revenues totaled US$1,042.7 million for the second quarter of 2025, a decrease of 19.4% compared to US$1,293.6 million for the second quarter of 2024.
SQM’s Chief Executive Officer, Ricardo Ramos, stated, “As anticipated, during the second quarter, we navigated a period of lower lithium market prices than those observed in previous quarters. In this context, some of the contracts we had in place, hit the lower limits set in those contracts, affecting the volumes agreed. As a result, the total volume sold during the second quarter of this year was lower than what was reported in the first quarter of this year, despite the growth seen in the market. With that said, we now expect sales volumes from our Salar de Atacama operations to grow by approximately 10% compared to last year, while we are increasing our sales guidance for our Australian operations.”
He added: “We are also pleased to announce that Covalent, our Joint Venture with Wesfarmers in Australia, has completed construction of the Kwinana refinery in Australia, and achieved first product produced in July at the expected quality and cost. The ramp-up period is expected to take 18 months, and once at full capacity, the Mt. Holland Lithium Project is expected to produce approximately 50,000 tons of battery-grade lithium hydroxide per year, contributing to the growing demand of electric vehicles.”
To see full press release please visit our website: https://ir.sqm.com/
CONTACT: For media inquiries, contact: SQM Lithium Chile Division: Ignacia Lopez / ignacia.lopez@sqm.com SQM International Lithium Division: Diana Wearing Smith / diana.wearingsmith@sqm.com SQM Iodine & Plant Nutrition Division: Carolina Guzman / carolina.guzman@sqm.com
PHILADELPHIA, Aug. 20, 2025 /PRNewswire/ — FMC Corporation (NYSE: FMC) today announced that Pierre Brondeau, FMC chairman and chief executive officer, Ronaldo Pereira, FMC president and Andrew Sandifer, FMC executive vice president and chief financial officer, will speak at the Jefferies Industrials Conference on September 3, 2025, at 7:30 a.m. Eastern Time. A live webcast will be available at www.fmc.com/investors.
About FMC
FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC's innovative crop protection solutions – including biologicals, crop nutrition, digital and precision agriculture – enable growers and crop advisers to address their toughest challenges economically while protecting the environment. FMC is committed to discovering new herbicide, insecticide and fungicide active ingredients, product formulations and pioneering technologies that are consistently better for the planet. Visit fmc.com to learn more and follow us on LinkedIn®.
Cision
View original content to download multimedia:https://www.prnewswire.com/news-releases/fmc-corporation-chairman-and-ceo-pierre-brondeau-president-ronaldo-pereira-and-cfo-andrew-sandifer-to-speak-at-jefferies-industrials-conference-302533545.html
SOURCE FMC Corporation
As the Canadian market navigates a landscape marked by manageable but persistent inflation and potential shifts in interest rates, investors are looking for opportunities that align with these evolving conditions. Penny stocks, often representing smaller or newer companies, offer a unique blend of affordability and growth potential when supported by strong financials. Despite being an outdated term, penny stocks continue to hold relevance for those seeking hidden value in quality investments.
Top 10 Penny Stocks In Canada
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Name |
Share Price |
Market Cap |
Financial Health Rating |
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Westbridge Renewable Energy (TSXV:WEB) |
CA$0.63 |
CA$62.71M |
★★★★★★ |
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Montero Mining and Exploration (TSXV:MON) |
CA$0.235 |
CA$2M |
★★★★★★ |
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CEMATRIX (TSX:CEMX) |
CA$0.325 |
CA$48.06M |
★★★★★★ |
|
Fintech Select (TSXV:FTEC) |
CA$0.035 |
CA$2.4M |
★★★★★★ |
|
Findev (TSXV:FDI) |
CA$0.45 |
CA$12.89M |
★★★★★★ |
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Thor Explorations (TSXV:THX) |
CA$0.90 |
CA$605.42M |
★★★★★★ |
|
Amerigo Resources (TSX:ARG) |
CA$2.18 |
CA$339.13M |
★★★★★☆ |
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Pulse Seismic (TSX:PSD) |
CA$3.85 |
CA$187.29M |
★★★★★★ |
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Hemisphere Energy (TSXV:HME) |
CA$1.93 |
CA$185.58M |
★★★★★★ |
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McChip Resources (TSXV:MCS) |
CA$1.40 |
CA$7.99M |
★★★★★★ |
Click here to see the full list of 429 stocks from our TSX Penny Stocks screener.
Let’s uncover some gems from our specialized screener.
Simply Wall St Financial Health Rating: ★★★★★★
Overview: McCoy Global Inc. supplies equipment and technologies for tubular running operations to improve wellbore integrity and data collection in the energy industry across various global regions, with a market cap of CA$87.26 million.
Operations: The company generates revenue through its Energy Products & Services segment, which reported CA$84.46 million.
Market Cap: CA$87.26M
McCoy Global has demonstrated stable weekly volatility and maintained a debt-free status, which can be appealing for risk-averse investors. Despite experiencing negative earnings growth of 18.3% over the past year, its revenue is forecast to grow by 8.8% annually. The company reported a decline in net income for the second quarter of 2025 compared to the previous year, yet it continues to pay dividends, albeit not fully covered by free cash flows. Its management and board are seasoned with significant experience, adding an element of stability in navigating market challenges within the energy sector.
TSX:MCB Financial Position Analysis as at Aug 2025Laurion Mineral Exploration
Simply Wall St Financial Health Rating: ★★★★★★
Overview: Laurion Mineral Exploration Inc. is involved in the acquisition, exploration, and development of mineral properties in Canada, with a market cap of CA$90.47 million.
Operations: Laurion Mineral Exploration Inc. currently has no reported revenue segments.
Market Cap: CA$90.47M
Laurion Mineral Exploration Inc. is a pre-revenue company with a market cap of CA$90.47 million, focusing on strategic exploration at the Ishkoday Project in Ontario. The recent successful 3D magnetotelluric inversion has enhanced subsurface imaging capabilities, identifying new deep-seated structures crucial for mineralization, thus refining geological models and drill targeting. Despite its unprofitability and negative return on equity (-36.07%), Laurion maintains a stable cash runway exceeding one year without debt concerns. Its experienced board supports a disciplined exploration strategy amid evolving global monetary dynamics favoring gold as a Tier 1 asset under Basel III regulations.
TSXV:LME Financial Position Analysis as at Aug 2025Rock Tech Lithium
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Rock Tech Lithium Inc. focuses on the exploration and development of lithium properties, with a market cap of CA$100.53 million.
Operations: Rock Tech Lithium Inc. has not reported any revenue segments.
Market Cap: CA$100.53M
Rock Tech Lithium Inc., with a market cap of CA$100.53 million, is pre-revenue and focuses on lithium exploration and development. The company has secured significant funding from various sources, including EUR 250,000 from Germany’s Federal Ministry for Research to enhance lithium recovery processes at its Guben site. Despite these strategic advancements, Rock Tech remains unprofitable with a negative return on equity (-40.26%) and less than a year of cash runway. Its management team is relatively inexperienced with an average tenure of 1.6 years, though the board is seasoned at 7.6 years average tenure.
TSXV:RCK Financial Position Analysis as at Aug 2025Summing It All Up
Discover the full array of 429 TSX Penny Stocks right here.
Want To Explore Some Alternatives? Trump’s oil boom is here — pipelines are primed to profit. Discover the 22 US stocks riding the wave.
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.
Companies discussed in this article include TSX:MCB TSXV:LME and TSXV:RCK.
This article was originally published by Simply Wall St.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
BHP CEO Mike Henry says he sees growth opportunities in copper and potash. He speaks with Haslinda Amin on “Insight with Haslinda Amin.”
By Ernest Scheyder
(Reuters) – U.S. President Donald Trump on Tuesday criticized an appeals court's decision to temporarily block federal officials from completing a land transfer needed for Rio Tinto and BHP to develop Arizona's Resolution Copper project.
Trump's post on his Truth Social platform came after he and Interior Secretary Doug Burgum met at the White House with the CEOs of Rio and BHP, two of the world's largest mining companies, which have been trying to develop Resolution for more than a decade.
The San Francisco-based 9th U.S. Circuit Court of Appeals ruled on Monday that the transfer – which had been slated for Tuesday – should be halted while the court weighs a request from the San Carlos Apache tribe to block the project for religious, cultural and environmental reasons.
It was only the second time any court has ruled in favor of the Apache or their allies in more than five years of myriad legal maneuvers against Resolution, slated to become one of the world's largest supplies of a metal used to build nearly every electronic device.
Trump called the court a "radical left court" and said that those who oppose the mine "are Anti-American, and representing other copper competitive Countries."
"It is so sad that Radical Left Activists can do this, and affect the lives of so many people," Trump said in the post. "We can't continue to allow this to happen to the U.S.A.!"
Trump did not outline any actions he plans to take to sway the court, but said that "our Country, quite simply, needs Copper — AND NOW!" He did not provide evidence for his claims about the court and opponents of the project.
Terry Rambler, chairman of the San Carlos Apache, said in a statement that he and the tribe were "working to save the U.S. from making a disastrous decision that would give up American resources to foreign interests."
Rambler noted in his statement that BHP is based in Australia, while Rio is based in Australia and the U.K. and its largest shareholder is a Chinese aluminum company.
Rio has said it plans to keep all of Resolution's copper inside the U.S. should the mine be approved. The company controls one of the two U.S. copper smelters.
Rambler said he believes that Rio is likely to export Resolution's copper to China.
"I look forward to sitting down with the administration and providing factual information that will help protect American assets," Rambler said.
COURT
The appeals court made clear it takes "no position on the merits" of the Apache's arguments and would expedite its review. Judges asked for filings to be submitted by October 14, but have not yet scheduled a hearing date. Ten of the appeals court's 29 members were appointed by Trump.
Rio said it was "confident the court will ultimately affirm" the land transfer. Rio CEO Jakob Stausholm and his successor Simon Trott, who will take the company's reins next month, were at the White House meeting with Trump.
BHP CEO Mike Henry thanked Trump and Burgum on social media "for their strong leadership to reinvigorate mining and processing supply chains in and for America."
Trump's post comes less than a month after he imposed a copper tariff on wiring and pipe, but not the copper concentrate produced by mines themselves, a levy falling far short of what the mining industry had expected. That will allow other countries to import copper into the U.S. without fear of tariff implications.
HISTORY
The mine's construction would cause a crater that would swallow a site where the Apache worship. Congress and then-President Barack Obama approved the mine in 2014 after it was added at the last minute to a must-pass military funding bill with the condition that an environmental report be published.
The underground mine – which Trump approved in his first term before successor Joe Biden reversed him – would supply more than a quarter of U.S. appetite for copper and be a key part of Trump's plan to boost U.S. mining.
Apache Stronghold, a nonprofit group comprised of some Apache and conservationists, asked the U.S. Supreme Court to block the transfer, a request that the high court denied in May.
Meanwhile, the tribe itself made the same request of federal courts. It failed last week at the district court level and appealed over the weekend.
(Reporting by Ernest Scheyder; Additional reporting by Trevor Hunnicutt; Editing by Franklin Paul, Stephen Coates and Sonali Paul)
BHP Group recently announced a reduction in its final dividend for 2025 and reported a decrease in annual sales, while seeing an increase in net income and earnings per share. Over the last quarter, the company’s share price moved up by 9%, a shift that aligns with the Dow Jones reaching an all-time high. This growth in BHP’s profitability might have added weight to the broader market moves, particularly as other major indices like the S&P 500 saw declines during the same period. BHP’s production guidance for the coming fiscal year might have also contributed positively to investor sentiment.
We’ve discovered 1 warning sign for BHP Group that you should be aware of before investing here.
ASX:BHP Earnings Per Share Growth as at Aug 2025
The recent announcement of BHP Group’s dividend reduction and strong short-term share price move raises questions about its potential long-term impacts. While the company’s share price rose by 9% in the last quarter, a broader look reveals a total shareholder return of 74.81% over the last five years, reflecting solid performance. However, over the past year, BHP underperformed the Australian market and the Metals and Mining industry, which returned 12.2% and 15.6% respectively. This context is vital for understanding the potential implications of BHP’s current strategies on its long-term growth and stability.
The performance trajectory may influence sentiment regarding revenue and earnings forecasts. With a projected annual revenue decline of 1.4% over three years, combined with stable earnings forecasts, there is potential for cautious optimism. The share price stands at A$42.12, marginally lower than the consensus price target of A$42.60. This slight discount underscores the market’s careful consideration of BHP’s growth strategies and their potential outcomes. As such, BHP’s exploration into copper and potash could bear on its future revenue, offering a hedge against industry and earnings volatility.
Assess BHP Group’s future earnings estimates with our detailed growth reports.
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.
Companies discussed in this article include ASX:BHP.
This article was originally published by Simply Wall St.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
DoorDash (DASH) look to purchase Deliveroo (DLVEY) in major acquisition, BHP (BHP) reports a slump in revenue and Nvidia (NVDA) announces new chip.
Video Transcript
Now it’s time for some of today’s trending tickers.
We’re watching DoorDash, BHP and Nvidia.
First up, DoorDash, the meal delivery platform’s planned $3.9 billion takeover of British delivery company Deliveroo will be reviewed under the European Union’s simplified merger procedure.
That typically means the EU regulator does not see any competition concerns and that the deal is likely to get approval.
The company reached a deal in May that valued Deliveroo at about $3.92 billion.
Now Deliveroo operates across nine countries in Europe and Asia.
Next up on our list we have BHP, the iron ore company.
The company’s profits have hit a 5-year low due to weakening iron ore prices.
The firm reported a 14% profit rise for the year ending June 30th, but overall, revenue fell 8% to $51.3 billion.
Now, although this still did beat expectations, BHP shares have actually jumped in the pre-market, with one analyst at Hargreaves Lansdowne saying that the company’s ultra low cost production gives it an edge even when prices falter.
The company has blamed mixed global demand for iron ore, but added that these losses had been offset by an increase in copper prices, which ballooned following one of President Trump’s tariffs on the metal.
BHP has increased its copper production by 28% in the last three years.
A big factor for the reducing iron ore price has been its main importer, China, which has seen a reduction in its steel output.
Now BHP will also be bracing for the upcoming Simandou iron ore project in Guinea, where a consortium of Chinese miners and its rival Rio Tinto are expected to start shipping by the end of the year.
OK, finally we’ve got Nvidia and it’s reportedly working on a new AI chip for China that’s more powerful than the H100 model it’s currently allowed to sell there.
According to a report from Reuters, the new chip is tentatively known as the B30A.
The new chip will have a single design, high bandwidth memory, and Nvidia’s NV Link technology for fast data transmission between processors.
Nvidia reportedly hopes to deliver samples to Chinese clients for testing as early as next month.
Shares of Nvidia have nearly doubled since early April.
OK, that does it for trending tickers, but you can track the best and worst performing stocks with Yahoo Finance’s Trending Tickers page.
LONDON (Reuters) -Peabody Energy on Tuesday withdrew its $3.78 billion bid for Anglo American's Australian coking coal assets after failing to cut the price following a mine fire, with the dispute now set for arbitration.
Peabody had agreed to acquire the mines in Queensland's Bowen Basin, the world's top steelmaking coal region, as the London-listed Anglo moved to sell or spin off non-core assets following bigger rival BHP's failed takeover attempt last year.
The aborted sale sets that process back, after Anglo counted the coking coal assets as discontinued operations at its mid-year results in July.
Peabody shares rose more than 6% in U.S. premarket trade, while Anglo American initially pared gains sharply after the news before recovering to trade 2.9% higher at 1231 GMT.
Operations at the Moranbah North mine were halted in April after an underground fire caused by high gas levels, prompting Peabody to invoke a clause allowing it to walk away or renegotiate if a major adverse event occurred between signing and completion.
"The two companies did not reach a revised agreement to cure the MAC (material adverse change) that compensated Peabody for the material and long-term impacts of the MAC on the most significant mine in the planned acquisition," said Peabody President and Chief Executive Officer Jim Grech.
Reuters could not immediately establish whether a termination fee would be paid.
Anglo on Tuesday said it would "shortly initiate an arbitration to seek damages for wrongful termination," disputing that the fire and mine closure constituted a material adverse change, due to the lack of damage to the mine or equipment and progress made towards restarting it.
"We are therefore very disappointed that Peabody has decided not to complete the transaction," said Anglo's CEO Duncan Wanblad.
Wanblad reiterated that given strong interest for the assets during the bidding process, Anglo was confident an alternative buyer could be found through a new sales process.
(Reporting by Yadarisa Shabong and Clara Denina. Editing by Shilpi Majumdar, Bernadette Baum and Mark Potter)
STORY: BHP said Tuesday (August 19) its annual profit fell to its lowest in five years.
That’s as sluggish China demand weighed on iron ore prices.
But it declared a bigger-than-expended final dividend, sending its shares higher.
The Australian firm also raised its debt target and said it would consider acquisitions in commodities like copper.
The world’s largest listed miner’s full year profit was $10.16 billion.
Down more than a quarter from last year and below analyst expectations.
Iron ore prices were pressured for much of the year through a combination of factors.
This included more products being shipped from Australia, Brazil and South Africa…
As well as lower steel production in top consumer China.
It affected earnings not just for BHP but other top miners like Rio Tinto.
BHP’s average realized price for iron ore fell by 19% during the year.
But that was partly offset by stronger prices for copper, its second-biggest profit driver.
Still, the miner said it expects demand for its commodities to remain resilient.
That’s even as the global economy faces an uncertain environment due to “shifting trade policies.”
Intel (INTC)
Shares in Intel popped 5% in pre-market trading on Tuesday, following reports of major investments in the struggling chipmaker.
Japanese company Softbank Group (9984.T) announced on Tuesday that it had signed an agreement with Intel to buy $2bn of its common stock.
Masayoshi Son, CEO of SoftBank Group, said: "This strategic investment reflects our belief that advanced semiconductor manufacturing and supply will further expand in the United States, with Intel playing a critical role."
Meanwhile, Bloomberg reported on Monday that the Trump administration is in talks to take a stake of about 10% in Intel.
Palo Alto Networks (PANW)
Shares in Palo Alto Networks (PANW) jumped more than 5% in pre-market trading on Tuesday, after the US cybersecurity firm's latest quarterly earnings beat expectations.
Palo Alto posted a 16% rise in revenue in the fourth quarter to $2.54bn, compared with estimates of $2.5bn, according to S&P Global Market Intelligence. Earnings per share of $0.95 were also ahead of the $0.89 expected by analysts.
Nikesh Arora, CEO of Palo Alto Networks, said: "We exited fiscal year 2025 with an acceleration in RPO [remaining performance obligations], and surpassed the $10bn revenue run-rate milestone, positioning ourselves well for sustained growth ahead."
Read more: Stocks that are trending today
For the first quarter of its 2026 fiscal year, Palo Alto guided to total revenue in the range of $2.45bn to $2.47bn, which would represent year-on-year growth of 15%. The company said it expected to report earnings per share of $0.88 to $0.90.
As for the full year ahead, Palo Alto expects total revenue to be in the range of $10.475bn to $10.525bn and earnings per share of $3.75 to $3.85.
GoodRx Holdings (GDRX)
Shares in GoodRx (GDRX) soared more than 37% on Monday and were up a further 3.5% in pre-market trading on Tuesday, after the telemedicine platform operator announced a collaboration with Danish pharma giant Novo Nordisk (NOVO-B.CO, NVO).
GoodRx said that all strengths of Ozempic and Wegovy pens were available to eligible paying patients in the US for $499 per month through its platform.
The partnership significantly lowered the price of GLP-1 medications, marking the first time Ozempic has been made available to patients at this self-pay price.
Wendy Barnes, CEO of GoodRx, said: "Demand for GLP-1 medications is at an all-time high, but too many Americans still face barriers accessing them. By partnering with Novo Nordisk, we’re taking a significant step forward in making these innovative brand-name treatments more accessible for millions of people who need them."
The move comes as Novo Nordisk seeks to maintain its share of the weight-loss drug market, amid increasing competition from rivals. On Friday, Novo announced that Wegovy had been approved in the US to treat a form of liver disease.
Duolingo (DUOL)
Shares in Duolingo (DUOL) surged nearly 13% on Monday, after positive news around analyst ratings.
KeyBanc upgraded its rating on the stock to "overweight" from "sector weight", while Citigroup (C) initiated its coverage of the stock with a "buy" rating.
Stocks: Create your watchlist and portfolio
Meanwhile, in a New York Times interview published on Sunday, Duolingo CEO Luis von Ahn responded to the backlash against a memo sent a few months ago, in which it was declared the company would become "AI-first".
“Internally, this was not controversial,” von Ahn said in the NYT interview. “Externally, as a publicly traded company some people assume that it’s just for profit. Or that we’re trying to lay off humans. And that was not the intent at all.”
BHP Group (BHP.L)
On the London market, shares in BHP (BHP.L) rose nearly 2% despite the iron ore company reporting a mixed set of results.
BHP said that attributable profit rose 14% for the year ended 30 June to $9bn, though revenue dipped 8% to £51.3bn.
Matt Britzman, senior equity analyst at Hargreaves Lansdown, said: "Mining giant BHP saw profits fall to a five-year low, as softer iron ore prices weighed on the bottom line. But riding the commodity price wave is part and parcel of being a global miner, and considering where we are in the cycle, performance has been solid.
"Chinese iron ore demand has remained relatively robust, but a general shift to more protectionist trade policies in Western countries is expected to put prices under pressure over the near term.
Read more: Analysts' top emerging market fund and trust picks
"What sets BHP apart is its enviable cost base. Its Australian operations deliver ultra-low-cost production, giving it a competitive edge even when prices falter. Meanwhile, the group is steadily ramping up its exposure to copper – a metal with lingering tariff risks but a compelling long-term demand story.
"Management struck an optimistic chord on the broader commodity outlook, underscored by a hike in the dividend payout ratio and a more flexible approach to debt. It’s a signal of confidence, not just in the balance sheet, but in the future of the business."
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Base metal prices remained range-bound amid a slower news week as the earnings season officially end
Freeport-McMoRan Inc. FCX saw a notable reduction in its average unit net cash cost per pound of copper in the second quarter of 2025 to just $1.13, a sharp improvement from $1.73 a year earlier and well below its guidance of $1.50. The decline was fueled by operational efficiencies, higher gold credits and an uptick in copper sales volumes. Lower costs contributed to stronger profit margins in the quarter. Freeport's outlook for the third quarter, however, suggests higher costs on a sequential basis. It expects unit net cash costs to rise to $1.59 per pound in the third quarter, while still projecting a full-year average of roughly $1.55. Lower expected sales volumes are likely to impact costs in the third quarter. The potential impacts of tariffs may lead to further upside to the projected third-quarter costs. FCX estimates that the tariffs could potentially increase the cost of goods it purchases in the United States by roughly 5%. Higher costs are likely to weigh on the company's margins.Among FCX’s peers, Southern Copper Corporation SCCO also reported lower unit costs in the second quarter. Southern Copper’s operating cash cost per pound of copper, net of by-product revenue credits, was $0.63, marking a 17% decline from $0.76 per pound reported in the prior-year quarter. Southern Copper’s operating cash cost per pound of copper also declined roughly 24% year over year in the first six months of 2025.BHP Group Limited BHP saw lower unit costs across its copper operations in fiscal 2025. BHP expects the unit cost for Escondida to be in the band of $1.20-$1.50 per pound for fiscal 2026. BHP also expects Copper South Australia’s unit cost to be between $1 and $1.50 per pound. Unit costs at Spence are expected to be between $2.10 and $2.40 per pound for fiscal 2026.
The Zacks Rundown for FCX
Shares of Freeport-McMoRan are up 9.6% year to date against the Zacks Mining – Non Ferrous industry’s rise of 3.2%.
Zacks Investment Research
Image Source: Zacks Investment Research
From a valuation standpoint, FCX is currently trading at a forward 12-month earnings multiple of 19.76, a modest 1% premium to the industry average of 19.49X. It carries a Value Score of B.
Zacks Investment Research
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for FCX’s 2025 and 2026 earnings implies a year-over-year rise of 18.2% and 33%, respectively. The EPS estimates for 2025 and 2026 have been trending higher over the past 60 days.
Zacks Investment Research
Image Source: Zacks Investment Research
FCX stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report
BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report
Southern Copper Corporation (SCCO) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today August 19th:
Harmony Gold HMY: This company which conducts underground and surface gold mining, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 17.8% over the last 60 days.
Harmony Gold Mining Company Limited Price and ConsensusHarmony Gold Mining Company Limited Price and Consensus
Harmony Gold Mining Company Limited price-consensus-chart | Harmony Gold Mining Company Limited Quote
Harmony Gold has a PEG ratio of 0.09 compared with 0.13 for the industry. The company possesses a Growth Score of A.
Harmony Gold Mining Company Limited PEG Ratio (TTM)Harmony Gold Mining Company Limited PEG Ratio (TTM)
Harmony Gold Mining Company Limited peg-ratio-ttm | Harmony Gold Mining Company Limited Quote
Western Digital WDC: This company which is a leading developer and manufacturer of data storage devices and solutions based on NAND flash and hard disk drive technologies, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.4% over the last 60 days.
Western Digital Corporation Price and ConsensusWestern Digital Corporation Price and Consensus
Western Digital Corporation price-consensus-chart | Western Digital Corporation Quote
Western Digital has a PEG ratio of 0.85 compared with 1.76 for the industry. The company possesses a Growth Score of B.
Western Digital Corporation PEG Ratio (TTM)Western Digital Corporation PEG Ratio (TTM)
Western Digital Corporation peg-ratio-ttm | Western Digital Corporation Quote
Nutrien NTR: This company which is a leading integrated provider of crop inputs and services, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.9% over the last 60 days.
Nutrien Ltd. Price and ConsensusNutrien Ltd. Price and Consensus
Nutrien Ltd. price-consensus-chart | Nutrien Ltd. Quote
Nutrien has a PEG ratio of 0.91 compared with 1.23 for the industry. The company possesses a Growth Score of B.
Nutrien Ltd. PEG Ratio (TTM)Nutrien Ltd. PEG Ratio (TTM)
Nutrien Ltd. peg-ratio-ttm | Nutrien Ltd. Quote
See the full list of top ranked stocks here.
Learn more about the Growth score and how it is calculated 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
Western Digital Corporation (WDC) : Free Stock Analysis Report
Harmony Gold Mining Company Limited (HMY) : Free Stock Analysis Report
Nutrien Ltd. (NTR) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Written by Amy Legate-Wolfe at The Motley Fool Canada
Gold and copper prices have been on a tear, and that momentum is pulling some of Canada’s biggest miners into the spotlight. Agnico Eagle Mines (TSX:AEM) and Lundin Mining (TSX:LUN) have both been trending lately, riding strong commodity prices and operational wins. But with both mining stocks already showing big moves, the question is whether there’s still upside for new investors.
AEM
Agnico Eagle has been one of the TSX‘s standout performers over the past year, with its share price up more than 75% and recently hitting an all-time high. That’s been fuelled by a mix of strong gold prices and exceptional operational execution.
In the second quarter (Q2) of 2025, the mining stock delivered payable gold production of over 866,000 ounces at total cash costs of just $933 per ounce, well below the mid-point of its guidance. Revenue jumped thanks to a realized gold price of $3,288 per ounce, while net income surged to $1.07 billion, more than doubling from the same quarter last year.
Perhaps more impressive, free cash flow hit a record $1.3 billion, allowing Agnico to pay down debt, build a net cash position, and return $300 million to shareholders through dividends and buybacks. The pipeline looks healthy too, with key growth projects like Canadian Malartic, Detour Lake, and Upper Beaver advancing on schedule. The risk for investors is obvious: gold prices have been a major tailwind, and if these retreat, margins and sentiment could take a hit. But with a strong balance sheet and a disciplined approach to capital spending, Agnico is in a good position to weather a softer market.
LUN
Lundin Mining is coming at the rally from a different angle. Its share price is up over 26% in the past year, boosted by solid copper production and a strategic shift toward long-term growth. Q2 2025 saw copper output of just over 80,000 tonnes, alongside nearly 38,000 ounces of gold, with consolidated copper cash costs dropping to $1.92 per pound. Revenue rose to $937 million, while net earnings from continuing operations climbed to $126 million.
The big headline, though, was the $1.4 billion sale of its European assets, which allowed Lundin to slash net debt to just $135 million. That gives the mining stock flexibility to invest in its ambitious growth plans, particularly the Vicuña Project. This project could become one of the world’s largest copper, gold, and silver mining complexes.
The project’s resource estimates are massive, but development will take years, and investors will need to be patient. In the meantime, Lundin looks to boost production through brownfield expansions and incremental efficiency gains at existing mines. Commodity price swings remain the biggest short-term risk, especially given copper’s volatility, but the mining stock’s improving cost profile and cleaner balance sheet give it more room to manoeuvre.
Bottom line
The challenge with both stocks is valuation. After big gains, neither is a bargain by traditional metrics, and any pullback in metal prices could cool the momentum quickly. Still, if you believe the macro backdrop for gold and copper remains supportive, these miners could have more room to run. The key will be whether they can keep delivering on costs, production, and project timelines while staying disciplined with capital. But these do offer a dividend, with a $5,000 investment in each bringing in about $95 each year.
|
COMPANY |
RECENT PRICE |
NUMBER OF SHARES |
DIVIDEND |
TOTAL PAYOUT |
FREQUENCY |
TOTAL INVESTMENT |
|---|---|---|---|---|---|---|
|
AEM |
$183.75 |
27 |
$2.22 |
$59.94 |
Quarterly |
$4,961.25 |
|
LUN |
$15.73 |
318 |
$0.11 |
$34.98 |
Quarterly |
$5,001.14 |
In short, Agnico Eagle looks like the steadier, cash-rich play on gold, while Lundin offers more long-term torque from copper growth. Both are trending for good reason, and while buying after a big run always carries risks, those betting on sustained strength in precious and base metals may find either, or both, worth a closer look.
The post Mining Momentum: Agnico Eagle and Lundin Mining Are Trending, So Should You Buy? appeared first on The Motley Fool Canada.
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Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
2025
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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% |
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