ArcelorMittal S.A. MT recorded first-quarter 2026 net income of $575 million or 75 cents per share. This compares unfavorably with net income of $805 million or $1.04 per share in the year-ago quarter.
Barring one-time items, the company recorded adjusted earnings of 76 cents per share. The bottom line beat the Zacks Consensus Estimate of 72 cents.
Total sales were up around 4% year over year to $15,457 million In the quarter. The figure missed the consensus estimate of $15,670.9 million.
Total steel shipments fell around 6% year over year to 12.8 million metric tons in the reported quarter.
ArcelorMittal Price, Consensus and EPS Surprise
ArcelorMittal price-consensus-eps-surprise-chart | ArcelorMittal Quote
MT’s Segment Highlights
North America: Sales were up around 15% year over year to $3,297 million in the reported quarter. The figure missed the consensus estimate of $3,406 million. Crude steel production fell around 5% to 2,134 million metric tons. Steel shipments were down around 1% year over year to 2,624 million metric tons, lagging the consensus estimate of 2,671 million metric tons. The average steel selling price rose around 21% to $1,089 per ton.
Brazil: Sales were up around 6% year over year to $2,809 million, surpassing the consensus estimate of $2,533 million. Crude steel production declined around 2% to 3,514 million metric tons. Shipments increased around 9% year over year to 3,432 million metric tons, surpassing???the consensus estimate of 3,220 million metric tons. Average steel selling prices fell around 5% to $739 per ton.
Europe: Sales rose around 3% year over year to $7,446 million. The figure missed the consensus mark of $7,652 million. Crude steel production declined around 14% to 6,832 million metric tons in the reported quarter. Shipments declined around 6% year over year to 7,108 million metric tons, missing the consensus mark of 7,259 million metric tons. The average steel selling price increased around 12% year over year to $931 per ton.
Mining: Sales rose around 25% year over year to $917 million, surpassing the consensus estimate of $851 million. Iron ore production totaled 9.7 million metric tons, up around 15% from the year-ago quarter’s levels. Iron ore shipments were up 25% year over year to 10 million metric tons.
MT’s Financials
At the end of the reported quarter, cash and cash equivalents were $4,359 million compared with $5,476 million at the end of the prior quarter. The company’s net debt was around $9.3 billion. Free cash flow was a negative $1.3 billion in the quarter, reflecting a seasonal working capital investment.
MT’s Outlook
Per MT, the company remains confident in its prospects for the balance of 2026, supported by expected favorable impacts from new policy measures, including a materially improved pricing and volume environment. CBAM and the new tariff rate quota mechanism are expected to reset the European steel market by limiting imports and requiring imports to bear a carbon cost.
The company expects to benefit from strategic growth projects and has maintained its 2026 capex guidance of $4.5-$5 billion, including $1.7-$2 billion of capex on high-return projects. These investments are expected to support higher EBITDA and returns over time.
MT’s Price Performance
ArcelorMittal’s shares have gained 98.9% in the past year against the industry’s 76.5% rise.
Image Source: Zacks Investment Research
MT’s Zacks Rank & Key Picks
MT currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks worth a look in the basic materials space are Sociedad Quimica y Minera de Chile S.A. SQM, Idaho Strategic Resources, Inc. IDR and Hawkins, Inc. HWKN.
Sociedad is slated to report first-quarter 2026 results on May 26. The Zacks Consensus Estimate for loss is pegged at $1.78 per share, indicating 270.8% year-over-year growth. SQM has a Zacks Rank #2 (Buy) at present.
Idaho is expected to report first-quarter 2026 results on May 14. The Zacks Consensus Estimate for earnings is pegged at 43 cents per share, indicating 258.3% year-over-year growth. IDR sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Hawkins is scheduled to report fiscal fourth-quarter results on May 13. The Zacks Consensus Estimate for HWKN’s fourth-quarter earnings is pegged at 76 cents per share. HWKN currently has a Zacks Rank #2.
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This article originally published on Zacks Investment Research (zacks.com).
PHILADELPHIA, May 11, 2026 /PRNewswire/ —
FMC Corporation (NYSE: FMC) today announced that Pierre Brondeau, FMC chairman, chief executive officer and president, and Andrew Sandifer, FMC executive vice president and chief financial officer, will speak at the BMO Global Farm to Market Chemicals Conference on May 14, 2026, at 1:15 p.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®.
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Lindian Resources expands operational bench as Kangankunde rare earths project advances Proactive uses images sourced from Shutterstock
Lindian Resources Ltd (ASX:LIN, OTC:LINIF) has strengthened its executive and operational leadership team with seven new appointments across legal, sustainability, supply chain, health and safety, technology, finance and investor relations as the company pushes towards first production at its Kangankunde Rare Earths Project in Malawi.
The appointments come as Lindian transitions from project developer to future producer, with construction at Kangankunde well advanced and first production from both the Malawi upstream operation and the company’s planned SARECO hydrometallurgical facility in Kazakhstan targeted for Q4 2026.
The company said four of the new hires have already commenced, with the remaining appointees due to join during May, including incoming general counsel and company secretary Anastasia Gotjamanos, who starts on May 25.
Executive chairman Robert Martin said the expanded team reflected the scale and complexity of Lindian’s next phase of growth.
“These appointments mark our continued transition from developer to producer,” he said. “We have deliberately assembled a team with the operational depth and experience to deliver — people who have built and run mines, managed billion-dollar supply chains, navigated multi-jurisdictional legal environments and embedded world-class safety cultures at some of the largest resource companies in Australia and globally.
“With construction well advanced at Kangankunde, first production on track for Q4 2026 and our SARECO MREC facility initiatives progressing ahead of schedule, having the right team on the ground is critical.”
Mining and legal experience added
Leading the appointments is Gotjamanos, who joins from Westgold Resources Ltd, where she served as chief legal officer from 2023 to 2026. Her background also includes more than five years as group general counsel at the Byrnecut Group, overseeing legal matters across underground mining operations in Australia, Africa, Europe and the Americas.
Lindian said her appointment would strengthen governance, regulatory compliance and commercial oversight as the company advances multi-jurisdictional operations across Malawi and Kazakhstan.
The company has also appointed Geoffrey Taylor as HSE manager, bringing experience from senior safety leadership roles at BHP, Rio Tinto and Fortescue.
Taylor most recently worked with a Moroccan mining company on fatality prevention and behavioural safety programs and will oversee HSE systems across construction and future operations at Kangankunde.
Meanwhile, Ben Ludik joins as supply manager after senior procurement and logistics roles spanning Gold Fields, Accenture and Capital Drilling & Mining Services. Lindian said his experience managing large-scale procurement across multiple jurisdictions would support the build-out of integrated supply chains for both Malawi and Kazakhstan.
ESG, technology and investor focus
The company has also strengthened its sustainability and technology capabilities as it prepares for future production and strategic partner engagement.
David O’Coileain joins as ESG and sustainability manager from Woodside Energy, where he worked on sustainability and social performance initiatives tied to international investments. His previous roles also include positions with Minderoo Foundation and Lendlease.
Lindian said O’Coileain would help oversee ESG compliance, sustainability reporting and alignment with international frameworks including Equator Principles and IFC Performance Standards.
Cristiano Soares has been appointed IT/OT manager, bringing operational technology and network infrastructure experience from BHP and Mineral Resources. He will oversee communications systems, cybersecurity and operational technology infrastructure across Lindian’s operations.
The company also added finance and investor relations capability with the appointments of senior accountant Jasmine Wang, formerly of Lotus Resources, and investor relations coordinator Ashley Tjioe, who joins from GT Communications.
Kangankunde build gathers momentum
The appointments follow a period of rapid development for Lindian as it advances Kangankunde towards production.
Recent updates have highlighted ongoing construction activity and the company’s long-term strategic partnership with Iluka Resources, alongside a series of capital raisings that have left Lindian fully funded for Stage 1 development.
Kangankunde is regarded as one of the world’s largest undeveloped rare earths deposits and is expected to produce a high-grade monazite concentrate with low forecast operating costs.
In parallel with Stage 1 construction, Lindian is also progressing a Stage 2 definitive feasibility study aimed at expanding production capacity and strengthening its position within global rare earth supply chains.
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Recent construction updates at the Kangankunde Rare Earths Project have put Lindian Resources (ASX:LIN) in focus, as the fully funded development secures in country acid supply and reaches key milestones toward initial rare earths production.
See our latest analysis for Lindian Resources.
These construction and funding milestones come after a very large 1 year total shareholder return and a 90.36% year to date share price return, although the 30 day share price return of 13.19% suggests some recent momentum cooling from A$0.79.
If you are looking beyond a single project developer in rare earths, this could be a good moment to scan 33 best rare earth metal stocks
With the Kangankunde project fully funded, construction on track and the stock now a touch below its analyst price target of A$0.75, investors may be asking whether Lindian is undervalued at this level or whether the market is already pricing in future growth.
Price to Book of 9.7x: Is it justified?
Lindian trades on a P/B of 9.7x, which is high compared to many resource developers, and investors are clearly paying up relative to current fundamentals.
The P/B ratio compares the company’s market value to its book value, so a higher figure usually reflects strong expectations for future projects or assets that are not yet generating meaningful earnings.
For Lindian, this 9.7x multiple sits against an unprofitable position today, A$0 in reported revenue and a loss of A$11.27m. This means the market is focusing heavily on future potential from projects like Kangankunde rather than present financial results.
Against peers, Lindian’s 9.7x P/B is described as expensive compared to the Australian Metals and Mining industry average of 2x. However, it is labelled good value versus a peer average of 13.5x, suggesting investors are pricing it well above the broad sector while still below some closer rare earth and exploration comparables.
See what the numbers say about this price — find out in our valuation breakdown.
Result: Price-to-book of 9.7x (OVERVALUED).
However, you also need to weigh project execution and funding risks, as well as any shift in sentiment toward high P/B, zero revenue resource developers.
Find out about the key risks to this Lindian Resources narrative.
Next Steps
If you feel the story so far is finely balanced between excitement and concern, you can take a closer look at the data now and decide where you land by checking the 1 key reward and 4 important warning signs
Looking for more investment ideas?
If Lindian has caught your attention, do not stop here. Fresh opportunities across other stocks could suit your approach just as well or even better.
- Spot underappreciated opportunities early by scanning companies in the screener containing 14 high quality undiscovered gems.
- Prioritise resilience by reviewing stocks highlighted in the 6 resilient stocks with low risk scores.
- Focus on income potential and stability by assessing the companies in the 6 dividend fortresses.
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 LIN.AX.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
As the Australian market experiences a dynamic phase, marked by fluctuations in key indices and external geopolitical tensions, investors are keenly observing how these factors impact small-cap stocks. In this environment, identifying promising opportunities requires looking for companies with strong fundamentals and innovative potential that can navigate current uncertainties effectively.
Top 10 Undiscovered Gems With Strong Fundamentals In Australia
| Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
|---|---|---|---|---|
| Fiducian Group | NA | 9.85% | 10.78% | ★★★★★★ |
| Joyce | NA | 7.70% | 7.34% | ★★★★★★ |
| Euroz Hartleys Group | NA | -2.67% | -37.02% | ★★★★★★ |
| Rand Mining | NA | 4.28% | -2.11% | ★★★★★★ |
| Focus Minerals | NA | 75.66% | 75.61% | ★★★★★★ |
| WAM Strategic Value | NA | -9.74% | 30.51% | ★★★★★★ |
| SDI | 14.65% | 8.06% | 12.66% | ★★★★★☆ |
| Zimplats Holdings | 3.35% | -10.45% | -46.73% | ★★★★★☆ |
| AMCIL | NA | 2.99% | 1.18% | ★★★★★☆ |
| Australian United Investment | 6.80% | 2.27% | 1.31% | ★★★★☆☆ |
Let’s dive into some prime choices out of from the screener.
Simply Wall St Value Rating: ★★★★★★
Overview: Cogstate Limited is a neuroscience solutions company that focuses on developing and commercializing digital brain health assessments globally, with a market cap of A$404.81 million.
Operations: Cogstate Limited generates revenue primarily from its Clinical Trials segment, which contributes $53.59 million, while the Healthcare segment adds $2.48 million.
Cogstate, a nimble player in the neuroscience tech space, is making waves with its focus on digital brain health assessments. Recently, the company reported half-yearly sales of US$25.78 million and net income of US$4.53 million, showcasing robust growth compared to last year’s figures. With no debt and trading at 53% below estimated fair value, Cogstate seems well-positioned financially. The recent Medidata partnership and AI product launch are poised to broaden its reach in CNS markets while enhancing operational efficiency. However, significant insider selling over the past three months could signal caution amidst these promising developments.
ASX:CGS Earnings and Revenue Growth as at May 2026Focus Minerals
Simply Wall St Value Rating: ★★★★★★
Overview: Focus Minerals Limited is involved in the exploration and development of gold properties in Western Australia, with a market capitalization of A$687.74 million.
Operations: Focus Minerals generates revenue primarily from its Coolgardie segment, amounting to A$301.51 million, with an additional contribution of A$2.29 million from corporate activities.
Focus Minerals, a nimble player in the mining sector, has been making waves with its impressive earnings growth of 1612% over the past year, outpacing the broader industry growth of 59.9%. The company reported sales of A$301.26 million for 2025, a significant leap from A$115.14 million in the previous year. With no debt on its books now compared to five years ago when it had a debt-to-equity ratio of 25%, Focus Minerals stands on solid financial ground. Its recent addition to the S&P/ASX All Ordinaries Index underscores its growing prominence in Australia’s mining landscape.
- Unlock comprehensive insights into our analysis of Focus Minerals stock in this health report.
-
Assess Focus Minerals’ past performance with our detailed historical performance reports.
ASX:FML Earnings and Revenue Growth as at May 2026Symal Group
Simply Wall St Value Rating: ★★★★★☆
Overview: Symal Group Limited operates in the civil construction industry in Australia, offering services such as construction contracting, equipment hire, material sales, recycling, and remediation with a market capitalization of A$569.16 million.
Operations: Symal Group’s primary revenue streams are derived from contracting services, generating A$801.43 million, and plant and equipment hire, contributing A$187.79 million.
Symal Group has been making waves with a notable earnings increase of 90.4% over the past year, surpassing the Construction industry’s growth of 12.2%. The company reported a net income of A$19.29 million for the half-year ending December 2025, up from A$5.74 million in the previous year, reflecting its high-quality earnings and strong operational performance. Symal’s debt is well-managed with interest payments covered 32.9 times by EBIT, indicating robust financial health. Trading at 55.9% below estimated fair value, it presents an attractive opportunity in comparison to industry peers and is gearing up for future growth under new CFO Scott McQueen’s leadership.
- Click to explore a detailed breakdown of our findings in Symal Group’s health report.
-
Examine Symal Group’s past performance report to understand how it has performed in the past.
ASX:SYL Earnings and Revenue Growth as at May 2026Taking Advantage
- Navigate through the entire inventory of 63 ASX Undiscovered Gems With Strong Fundamentals here.
- Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio’s performance.
- Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent.
Searching for a Fresh Perspective?
- Explore high-performing small cap companies that haven’t yet garnered significant analyst attention.
- Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
- Find companies with promising cash flow potential yet trading below their fair value.
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:CGS ASX:FML and ASX:SYL.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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Recent performance snapshot
Sociedad Química y Minera de Chile (NYSE:SQM) has drawn attention after a 16.7% gain over the past month and a 28.1% increase over the past 3 months, contrasting with a 1.9% decline over the last day.
See our latest analysis for Sociedad Química y Minera de Chile.
At a share price of US$91.60, SQM has recently seen solid positive momentum, with a 30 day share price return of 16.7% and a 90 day share price return of 28.2%. The 1 year total shareholder return of 169.3% points to a much stronger longer term payoff than the short term moves alone might suggest.
If SQM’s run has you thinking about where else strong themes could show up next, it may be worth scanning the field using our screener of 33 best rare earth metal stocks
With SQM trading around US$91.60 and an estimated intrinsic value implying roughly a 23% gap, yet sitting above the average analyst target, you have to ask: is there still a buying opportunity here, or is the market already pricing in future growth?
Most Popular Narrative: 21.6% Overvalued
Against the last close at $91.60, the most followed narrative points to a fair value of about $75.33, putting its estimate below the current share price while still backing a growth story built around lithium and specialty chemicals.
Expansion of lithium and specialty chemical production capacity positions the company for sustained revenue and margin growth, supported by strong demand and tight global supply. Operational efficiency, diverse product streams, and rising barriers to entry protect the company’s competitive strength and earnings resilience against market volatility.
Curious what earnings profile and margin path could justify that valuation gap over the next few years? The narrative leans on rising profitability, richer cash flows and a future earnings multiple that assumes this expansion phase delivers.
Result: Fair Value of $75.33 (OVERVALUED)
Have a read of the narrative in full and understand what’s behind the forecasts.
However, there are clear swing factors to watch, including lithium price volatility and evolving Chilean regulations that could affect project timing, margins, and overall earnings visibility.
Find out about the key risks to this Sociedad Química y Minera de Chile narrative.
Another way to look at SQM’s value
The narrative highlights SQM as 21.6% overvalued at a fair value of about $75.33, but the SWS DCF model points in the other direction, with a future cash flow value of $118.58 per share and the stock trading 22.8% below that. Which perspective do you think better reflects SQM’s value?
Look into how the SWS DCF model arrives at its fair value.
SQM Discounted Cash Flow as at May 2026
Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Sociedad Química y Minera de Chile for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 51 high quality undervalued stocks. If you save a screener we even alert you when new companies match – so you never miss a potential opportunity.
Next Steps
With mixed signals on valuation and sentiment, now is a good time to look through the underlying data yourself and decide what feels reasonable. To weigh up the potential upside against the downside risks, start with a clear overview of the 3 key rewards and 1 important warning sign.
Looking for more investment ideas?
Do not stop with just one stock story. Use focused stock lists to spot new ideas that fit your style before the crowd pays attention.
- Target reliable cash generators with staying power by scanning companies in the solid balance sheet and fundamentals stocks screener (44 results).
- Hunt for potential value opportunities that combine quality and pricing appeal using the 51 high quality undervalued stocks.
- Lock in potential income streams by reviewing stocks highlighted in the 12 dividend fortresses.
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 SQM.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
Huntsman Corporation’s HUN first-quarter 2026 loss (as reported) was 31 cents per share, wider than a loss of 3 cents in the year-ago quarter.
Barring one-time items, adjusted loss per share was 20 cents compared with a loss of 11 cents in the year-ago quarter. It was narrower than the Zacks Consensus Estimate of a loss of 23 cents.
Revenues were $1,420 million, up around 1% year over year. The top line beat the Zacks Consensus Estimate of $1,374.2 million. HUN saw volume growth in Polyurethanes and strength in Advanced Materials, partly offset by lower selling prices and weakness in Performance Products.
Huntsman Corporation Price, Consensus and EPS Surprise
Huntsman Corporation price-consensus-eps-surprise-chart | Huntsman Corporation Quote
HUN’s Q1 Segment Highlights
Polyurethanes: Revenues from the segment rose 1% year over year to $923 million. The figure beat our estimate of $903 million. The upside was driven by higher sales volumes, mainly in the Americas and Europe, partly offset by lower average selling prices. MDI selling prices fell due to less favorable supply-demand dynamics, partly masked by favorable currency movements.
Performance Products: Revenues moved down 11% year over year to $228 million, missing our estimate of $242 million. The decrease was mainly caused by lower sales volumes and lower average selling prices. Volumes were hurt by the closure of the Moers, Germany maleic anhydride facility and lower demand, while pricing was adversely impacted by competitive pressures.
Advanced Materials: Revenues from the unit increased 12% year over year to $279 million and beat our estimate of $252 million. The increase was primarily due to higher average selling prices and higher sales volumes. Pricing benefited from a favorable sales mix and currency movements, while volumes improved across aerospace, power and automotive markets.
HUN’s Financials
Free cash flow from continuing operations was a use of $91 million compared with a use of $107 million in the prior-year quarter. The company had around $0.9 billion in combined cash and unused borrowing capacity as of March 31, 2026. Huntsman spent $38 million on capital expenditures compared with $36 million in the prior-year quarter. Net cash used in operating activities from continuing operations was $53 million in the reported quarter.
HUN’s Outlook
For the second quarter of 2026, Huntsman expects sequential improvement, especially in Polyurethanes. The company expects margin improvement across regions from its pricing initiatives. It anticipates second-quarter adjusted EBITDA of $60-$75 million for Polyurethanes, $30-$40 million for Performance Products and $50-$55 million for Advanced Materials.
Huntsman expects Performance Products to benefit from price increases implemented to offset higher feedstock costs, additional savings from cost-reduction programs and contributions from recently completed growth capital investments. In Advanced Materials, the company expects continued strength from aerospace demand, sustained investment in power generation and grid infrastructure, and disciplined pricing to offset higher costs. The company also expects to manage capital expenditures at a level similar to 2025, with critical maintenance, cybersecurity risk mitigation and mandatory safety and environmental spending of around $150 million. Depreciation and amortization are expected to be roughly $290 million in 2026.
HUN’s Stock Price Performance
Shares of Huntsman have gained 22.3% in the past year compared with the Zacks Chemicals Diversified industry’s 18.9% rise.
Image Source: Zacks Investment Research
HUN’s Zacks Rank & Key Picks
HUN currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks worth a look in the basic materials space are Sociedad Quimica y Minera de Chile S.A. SQM, Idaho Strategic Resources, Inc. IDR and Hawkins, Inc. HWKN.
Sociedad is slated to report first-quarter 2026 results on May 26. The Zacks Consensus Estimate for loss is pegged at $1.58 per share, indicating 229.2% year-over-year growth. SQM has a Zacks Rank #2 (Buy) at present.
Idaho is expected to report first-quarter 2026 results on May 14. The Zacks Consensus Estimate for earnings is pegged at 43 cents per share, indicating 258.3% year-over-year growth. IDR sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Hawkins is scheduled to report fiscal fourth-quarter results on May 13. The Zacks Consensus Estimate for HWKN’s fourth-quarter earnings is pegged at 77 cents per share. HWKN currently has a Zacks Rank #2.
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Sociedad Quimica y Minera S.A. (SQM) : Free Stock Analysis Report
Huntsman Corporation (HUN) : Free Stock Analysis Report
Hawkins, Inc. (HWKN) : Free Stock Analysis Report
Idaho Strategic Resources, Inc. (IDR) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at SQM (SQM), a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. SQM currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
In order to see if SQM is a promising momentum pick, let's examine some Momentum Style elements to see if this chemicals company holds up.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For SQM, shares are up 4.38% over the past week while the Zacks Chemical – Specialty industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 13.31% compares favorably with the industry's 1.26% performance as well.
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of SQM have risen 24.22%, and are up 178.4% in the last year. On the other hand, the S&P 500 has only moved 6.55% and 32.75%, respectively.
Investors should also pay attention to SQM's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. SQM is currently averaging 1,369,309 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with SQM.
Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost SQM's consensus estimate, increasing from $6.24 to $7.18 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Given these factors, it shouldn't be surprising that SQM is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep SQM on your short list.
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Sociedad Quimica y Minera S.A. (SQM) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The Chemours Company CC reported a net loss of $29 million or 19 cents per share for the first quarter of 2026. This compares unfavorably with the year-ago quarter’s net loss of $5 million or 3 cents per share.
Barring one-time items, earnings were 5 cents per share, which topped the Zacks Consensus Estimate of a loss of 5 cents.
The company reported first-quarter net sales of $1,381 million, reflecting a 1% increase from the previous-year quarter. However, the figure missed the Zacks Consensus Estimate of $1,402.6 million. Net sales were primarily aided by a 2% increase in price and a 3% favorable currency impact, partly offset by a 4% decrease in volumes.
Adjusted EBITDA rose 2% year over year to $169 million for the quarter. The increase was driven by higher pricing, favorable currency and other income, which more than offset higher costs and lower sales volumes in the Advanced Performance Materials and Titanium Technologies segments.
The Chemours Company Price, Consensus and EPS Surprise
The Chemours Company price-consensus-eps-surprise-chart | The Chemours Company Quote
CC’s Segment Highlights
The Titanium Technologies division recorded revenues of $559 million in the first quarter, marking a 6% decrease from the previous year. The figure beat our estimate of $543.3 million. This downside was primarily due to a 7% decline in volumes globally and a 2% decrease in pricing, partly offset by a 3% favorable currency impact.
In the Thermal & Specialized Solutions segment, revenues saw a 22% year-over-year increase, reaching $568 million in the reported quarter. The figure was almost in line with our estimate of $568.3 million. Net sales growth was mainly driven by an 11% increase in price and a 9% rise in volume, with a 2% currency tailwind. Increased pricing was primarily driven by automotive Freon Refrigerant sales in North America.
Volume growth was supported by the continued transition to Opteon Refrigerants as well as automotive Freon Refrigerant sales in North America.
Revenues in the Advanced Performance Materials unit amounted to $243 million, which declined 17% year over year. The figure missed our estimate of $256.5 million. The downside was mainly caused by a 19% decrease in volume and a 1% decline in price, partly offset by a 3% favorable currency impact. The volume decline was primarily due to sales constraints from the Washington Works plant outage in the first quarter and the closure of the Advanced Materials SPS Capstone line, completed in the third quarter of 2025.
CC’s Financials
Operating cash usage in the first quarter was $44 million compared with $112 million in the year-ago quarter, reflecting improvements in net working capital performance. Capital expenditures were $49 million compared with $84 million in the prior-year quarter. Free cash flow reflected a usage of $93 million compared with $196 million in the first quarter of 2025.
As of March 31, 2026, Chemours had consolidated gross debt of $4.2 billion. Debt, net of $563 million in unrestricted cash and cash equivalents, was $3.6 billion. Total liquidity was $1.5 billion.
CC’s Q2 & 2026 Outlook
For the second quarter, the company expects consolidated net sales to increase in the range of 15-20% sequentially, driven by favorable seasonal trends. Consolidated adjusted EBITDA is expected to be in the range of $220-$250 million. Corporate expenses are expected to be roughly $45-$50 million. The company also expects capital expenditures of around $50 million and free cash flow of at least $100 million.
CC expects Thermal & Specialized Solutions’ net sales to increase sequentially in the low-to-mid-teens percentage range in the second quarter. Adjusted EBITDA is projected to be between $210 million and $225 million.
Titanium Technologies’ net sales are expected to increase sequentially in the mid-to-high-teens percentage range, driven by seasonal volume strength and a favorable mix for TiO2 pigment. Adjusted EBITDA is expected to be in the range of $40-$50 million.
Advanced Performance Materials’ net sales are expected to rise sequentially in the low-to-high-thirties percentage range, driven by a return to normal operating levels at the Washington Works facility. Adjusted EBITDA for APM is expected to be between $12 million and $18 million.
For 2026, Chemours continues to expect net sales to grow in the range of 3-5% year over year. Adjusted EBITDA is projected in the range of $800-$900 million. Capital expenditures are expected in the range of $275-$325 million, with free cash flow conversion above 20%.
CC’s Price Performance
CC shares have surged 117.1% in the past year compared with an 25.1% rise in the industry.
Image Source: Zacks Investment Research
CC’s Zacks Rank & Key Picks
CC currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks worth a look in the basic materials space are Sociedad Quimica y Minera de Chile S.A. SQM, Idaho Strategic Resources, Inc. IDR and Hawkins, Inc. HWKN.
Sociedad is slated to report first-quarter 2026 results on May 26. The Zacks Consensus Estimate for loss is pegged at $1.36 per share, indicating 183.3% year-over-year growth. SQM carries a Zacks Rank #2 (Buy) at present.
Idaho is expected to report first-quarter 2026 results on May 14. The Zacks Consensus Estimate for earnings is pegged at 43 cents per share, indicating 258.3% year-over-year growth. IDR sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Hawkins is scheduled to report fiscal fourth-quarter results on May 13. The Zacks Consensus Estimate for HWKN’s fourth-quarter earnings is pegged at 77 cents per share. HWKN currently has a Zacks Rank #2.
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Sociedad Quimica y Minera S.A. (SQM) : Free Stock Analysis Report
The Chemours Company (CC) : Free Stock Analysis Report
Hawkins, Inc. (HWKN) : Free Stock Analysis Report
Idaho Strategic Resources, Inc. (IDR) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
PHILADELPHIA, May 7, 2026 /PRNewswire/ — FMC Corporation (NYSE:FMC), a leading global agricultural sciences company, announced today it has signed a definitive agreement to sell FMC India Private Limited (FMC India) to Crystal Crop Protection Limited, a crop solutions company in India, for consideration of $252 million USD, subject to customary adjustments for cash, debt and working capital. FMC will continue to receive all cash generated from the ongoing operation of the India business until closing, primarily through monetization of working capital.
In July 2025, FMC announced its decision to divest the company's crop protection commercial business in India, enabling FMC to participate in the Indian market through a new go-to-market approach while deploying resources to its highest-growth opportunities globally. The transaction is expected to close by year-end 2026, subject to regulatory approval and other customary closing conditions. FMC intends to allocate all proceeds from the sale to debt reduction.
"Crystal Crop Protection Limited is well-positioned to serve Indian farmers with FMC's portfolio of innovative technologies, and we look forward to supporting their growth through our supply agreement," said Pierre Brondeau, FMC chairman, chief executive officer and president. "FMC remains committed to India and will continue to conduct global R&D activities and maintain global manufacturing operations in the country."
Through this transaction, Crystal Crop Protection Limited will acquire FMC India's commercial operations in the crop protection field, including a license to FMC's brands sold in India. Crystal Crop Protection Limited will also receive a preferred supply agreement for certain FMC active ingredients and formulated products, as well as preferred access to FMC's pipeline of active ingredients in India for the crop protection field.
"We are excited on signing this definitive agreement to acquire this business of FMC in India," said Ankur Aggarwal, chairman and managing director, Crystal Crop Protection Limited. "We look forward to welcoming a talented workforce into the Crystal group and aim at accelerating innovation across both chemical and biological domains of crop protection. FMC's innovative portfolio, blockbuster brands and future pipeline give us an opportunity to provide Indian farmers access to innovative products. We look forward to further enhancing and building on our relationship with FMC."
BofA Securities acted as exclusive financial adviser while Davis Polk & Wardwell LLP served as U.S. legal adviser and Khaitan & Co assisted as legal adviser for FMC on this transaction. EY acted as exclusive buy side M&A adviser to Crystal Crop Protection Limited and Shardul Amarchand Mangaldas & Co served as legal adviser. Further terms and conditions of the agreement were not disclosed.
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®.
About Crystal Crop Protection LimitedEstablished in 1994, Crystal Crop Protection Limited is a crop solutions company with agrochemicals and seeds at the core of its offerings. It operates on a fully integrated model, that integrates robust synthesis research and development in crop protection products and natural crop solutions as well as robust seeds breeding program, with backward-integrated technology enabled manufacturing and pan-India distribution, with a farmer-centric approach. To learn more, visit www.crystalcropprotection.com
Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: FMC and its representatives may from time to time make written or oral statements that are "forward-looking" and provide other than historical information, including statements contained in this press release, in FMC's other filings with the SEC, and in presentations, reports or letters to FMC stockholders.
In some cases, FMC has identified these forward-looking statements by such words or phrases as "outlook", "will likely result," "is confident that," "expect," "expects," "should," "could," "may," "will continue to," "believe," "believes," "anticipates," "predicts," "forecasts," "estimates," "projects," "potential," "intends" or similar expressions identifying "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including the negative of those words or phrases. Such forward-looking statements are based on our current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. The forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These statements are qualified by reference to the risk factors included in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025 (the "2025 Form 10-K"), the section captioned "Forward-Looking Information" in Part II of the 2025 Form 10-K and to similar risk factors and cautionary statements in all other reports and forms filed with the Securities and Exchange Commission ("SEC"). We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement.
We specifically decline to undertake any obligation, and specifically disclaim any duty, to publicly update or revise any forward-looking statements that have been made to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as may be required by law.
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Lindian Resources advances Kangankunde construction with first production in sight for Q4 2026 Proactive uses images sourced from Shutterstock
Lindian Resources Ltd (ASX:LIN, OTC:LINIF) has reported steady progress across construction, infrastructure and mining activities at its Kangankunde Rare Earths Project in Malawi, with the project on track for first production in Q4 2026.
Construction is advancing across all major work fronts, while commissioning remains targeted for October 2026 and practical completion expected in mid-November.
"Kangankunde continues to demonstrate strong execution momentum, with construction progressing across all major work fronts and the project remaining on schedule for first production in 2026," Lindian Resources executive director Zac Komur said.
"The commencement of process plant civil works, continued progress on the haul road and ROM pad, and the advancement of the electrical programme are important milestones as we move closer to commissioning. The team remains focused on safe delivery, disciplined execution and ensuring the project is operationally ready ahead of commissioning."
First production timeline and funding locked in
Kangankunde remains fully funded through to first production following a A$100 million institutional placement, with no reliance on external debt.
Stage 1 is designed for 20,000 tonnes per annum of rare earths concentrate, with approximately 10,000 tonnes expected during the first half-year of operations.
Mining is set to begin ahead of plant completion, with first ore scheduled for delivery to the run-of-mine (ROM) pad in June 2026. This early start is designed to build stockpiles and support a smoother ramp-up once processing begins.
Construction and infrastructure gathering momentum
Construction activities have accelerated across process and non-process infrastructure, with key milestones already achieved.
Process plant civil works are now underway, including shaking table base pours, product shed preparation and SAG mill excavation. Tailings storage facility (TSF) clearing is nearing completion at about 98%, with topsoil removal progressing.
Topsoil removal at TSF.
The electrical programme is also advancing, with the 23km 33kV overhead line on schedule and final commissioning targeted for late September 2026, supporting plant commissioning the following month.
On the ground, accommodation, administration and medical facilities are operational, supporting workforce expansion as construction ramps up. Additional infrastructure including workshops, fuel storage and perimeter fencing is scheduled for completion through mid to late 2026.
Aerial view of the fully operational administration office and medical clinic.
Mining development supports early-stage readiness
Mining-related works are progressing in parallel with construction, positioning the project for a transition into operations.
Haul road development is advancing, with the first blast planned for late June 2026. ROM pad and skyway construction is also progressing, enabling initial ore delivery and stockpiling ahead of commissioning.
The strategy to start mining ahead of plant completion is aimed at reducing ramp-up risk and ensuring consistent feed once processing begins.
Operational readiness and procurement progress
Lindian has started its operational readiness program, covering systems, workforce and processes to support the shift from construction to production.
Key long-lead equipment has been procured, with fabrication, delivery and mobilisation progressing in line with the project schedule.
At the same time, regulatory milestones have been secured, including water access and waste management approvals, removing key development dependencies.
Next steps toward commissioning
Looking ahead, near-term milestones include:
- First ore to ROM pad in June 2026
- First blast and expanded mining activity in late June
- Completion of key infrastructure including fuel farm and workshops by Q3 2026
- Electrical infrastructure commissioning by September 2026
- Front-end commissioning in October 2026
With construction, mining and infrastructure development advancing in parallel, Kangankunde is moving toward a fully integrated operation ahead of its targeted first production in Q4 2026.
As the Australian market shows signs of recovery, with the ASX 200 forecasted to rise by 1.2% following record highs on Wall Street, investors are keenly observing small-cap stocks that might benefit from broader economic trends and shifts in global geopolitics. In this environment, identifying promising companies involves looking for those with strong fundamentals and potential to thrive amidst both local financial challenges and international developments like fluctuating oil prices and strategic maritime operations.
Top 10 Undiscovered Gems With Strong Fundamentals In Australia
| Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
|---|---|---|---|---|
| Fiducian Group | NA | 9.85% | 10.78% | ★★★★★★ |
| Joyce | NA | 7.70% | 7.34% | ★★★★★★ |
| Bailador Technology Investments | NA | -6.04% | -6.00% | ★★★★★★ |
| Euroz Hartleys Group | NA | -2.67% | -37.02% | ★★★★★★ |
| Focus Minerals | NA | 75.66% | 75.61% | ★★★★★★ |
| WAM Strategic Value | NA | -9.74% | 30.51% | ★★★★★★ |
| SDI | 14.65% | 8.06% | 12.66% | ★★★★★☆ |
| Zimplats Holdings | 3.35% | -10.45% | -46.73% | ★★★★★☆ |
| AMCIL | NA | 2.99% | 1.18% | ★★★★★☆ |
| Australian United Investment | 6.80% | 2.27% | 1.31% | ★★★★☆☆ |
We’ll examine a selection from our screener results.
Simply Wall St Value Rating: ★★★★★☆
Overview: Bell Financial Group Limited provides full-service and online broking, corporate finance, and financial advisory services to private, institutional, and corporate clients both in Australia and internationally, with a market cap of approximately A$441.02 million.
Operations: The company’s revenue is primarily derived from broking services at A$183.16 million, followed by products and services contributing A$54.62 million, and technology and platforms generating A$35.91 million.
Bell Financial Group, a notable player in Australia’s financial sector, has showcased impressive strides over the past year. The company reported earnings growth of 17.1%, outpacing the Capital Markets industry average of 9.5%. With a debt-to-equity ratio reduced from 17.4% to 10.8% over five years, BFG demonstrates prudent financial management and maintains more cash than its total debt obligations. Its price-to-earnings ratio stands at a competitive 12.2x against the market’s 17.3x, suggesting potential value for investors seeking opportunities in smaller companies with high-quality earnings and positive free cash flow dynamics.
- Navigate through the intricacies of Bell Financial Group with our comprehensive health report here.
-
Evaluate Bell Financial Group’s historical performance by accessing our past performance report.
ASX:BFG Earnings and Revenue Growth as at May 2026Cedar Woods Properties
Simply Wall St Value Rating: ★★★★★★
Overview: Cedar Woods Properties Limited is an Australian company focused on property development and investment, with a market capitalization of A$626.16 million.
Operations: Cedar Woods Properties generates revenue primarily from its property development and investment activities, amounting to A$544.87 million. The company’s net profit margin reflects its profitability after accounting for all expenses.
Cedar Woods Properties, a player in the Australian property scene, offers an attractive value proposition with its price-to-earnings ratio at 8.6x compared to the market’s 17.3x. Over five years, earnings have grown impressively by 15.7% annually, supported by strong revenue growth and high-quality earnings. The company’s net debt to equity ratio stands at a satisfactory 16.1%, reflecting prudent financial management while maintaining positive free cash flow and covering interest payments with EBIT at 9.8x coverage. Despite these strengths, Cedar Woods faces challenges from potential economic fluctuations and rising construction costs that could pressure profit margins in the future.
ASX:CWP Debt to Equity as at May 2026Lycopodium
Simply Wall St Value Rating: ★★★★★☆
Overview: Lycopodium Limited offers engineering and project delivery services across the resources, rail infrastructure, and industrial processes sectors in Australia, with a market cap of A$514.99 million.
Operations: Lycopodium Limited generates revenue through its engineering and project delivery services in the resources, rail infrastructure, and industrial processes sectors. The company reported segment adjustments of A$375.36 million.
Lycopodium, a nimble player in the engineering sector, recently reported half-year sales of A$173.83 million, up from A$165.88 million the previous year. However, net income dipped to A$18.26 million from A$25.25 million, reflecting challenges in earnings growth with a 23% negative shift over the past year compared to industry averages. Despite this setback, Lycopodium is trading at an attractive 46% below its estimated fair value and maintains high-quality earnings with interest coverage not being an issue due to more cash than total debt on hand. Future revenue growth is projected at 7%, indicating potential upside as market conditions improve and projects like Tulu Kapi Gold Project progress smoothly towards their milestones by 2028.
- Get an in-depth perspective on Lycopodium’s performance by reading our health report here.
-
Explore historical data to track Lycopodium’s performance over time in our Past section.
ASX:LYL Debt to Equity as at May 2026Key Takeaways
- Investigate our full lineup of 62 ASX Undiscovered Gems With Strong Fundamentals right here.
- Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St’s portfolio, where intuitive tools await to help optimize your investment outcomes.
- Simply Wall St is a revolutionary app designed for long-term stock investors, it’s free and covers every market in the world.
Searching for a Fresh Perspective?
- Explore high-performing small cap companies that haven’t yet garnered significant analyst attention.
- Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
- Find companies with promising cash flow potential yet trading below their fair value.
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:BFG ASX:CWP and ASX:LYL.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
Bravo Mining (BRVO.V) reported Tuesday assays from eight drill holes in the Central sector and newly tested Crescent zone at the Luanga palladium-platinum-rhodium-gold-nickel deposit in Brazil.
Highlights include 70 meters at 1.9 grams per tonne platinum group metals and gold (PGM+Au) plus 0.28% nickel, including 20 m at 3.6 g/t PGM+Au plus 0.40% nickel, as well as 19 m at 3.2 g/t PGM+Au, and 8 m at 1.94% copper plus 0.6 g/t PGM+Au.
The results continue to demonstrate potential to expand and upgrade Luanga's mineral resource, Bravo said, adding it has completed 400 drill holes to date, with results reported for 355 drill holes to date. Assays are pending for 37 holes.
"Infill drilling is consistently intercepting thicknesses and grades often comparable to, or exceeding results from, earlier drilling. Drill sections in this news release also demonstrate that grades continue to be consistent, with excellent continuity from hole to hole and section to section," said Luis Azevedo, Chairman and CEO. "We are also encouraged with positive results from the new Crescent Zone, a regional target outside Luanga's three main PGM sectors. The Crescent Zone was delineated through reinterpretation and relogging triggered by the completion of the 2025 geophysical surveys. We've also intercepted another encouraging copper occurrence (DDH26LU307) at the eastern end of the Crescent Zone that warrants further investigation."
Shares in BRVO were up 1.4% in Canada at last look.
Highlights include 70m at 1.9 g/t PGM+Au (plus 0.28% Ni), including 20m at 3.6 g/t PGM+Au (plus 0.40% Ni), as well as 19m at 3.2 g/t PGM+Au, and 8m at 1.94% Cu (plus 0.6 g/t PGM+Au)
TORONTO, May 5, 2026 /CNW/ – Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF), ("Bravo" or the "Company") is pleased to report drill assay results from eight drill holes in the Central Sector and newly tested Crescent Zone at its 100% owned Luanga palladium + platinum + rhodium + gold + nickel deposit ("Luanga deposit" or "Luanga PGM+Au+Ni deposit"), located in the Carajás Mineral Province, Pará State, Brazil.
"Initial results from infill and extensional drilling in the Central Sector at our Luanga PGM+Au+Ni deposit continue to demonstrate potential to expand and upgrade Luanga's mineral resource. Infill drilling is consistently intercepting thicknesses and grades often comparable to, or exceeding results from, earlier drilling. Drill sections in this news release also demonstrate that grades continue to be consistent, with excellent continuity from hole to hole and section to section," said Luis Azevedo, Chairman and CEO. "We are also encouraged with positive results from the new Crescent Zone, a regional target outside Luanga's three main PGM sectors. The Crescent Zone was delineated through reinterpretation and relogging triggered by the completion of the 2025 geophysical surveys. We've also intercepted another encouraging copper occurrence (DDH26LU307) at the eastern end of the Crescent Zone that warrants further investigation."
Highlights Include:
- The 2026 infill and extensional drill program is well underway, with results received from the Central Sector supporting the objectives of expanding mineralization and upgrading the confidence of existing Mineral Resource Estimate ("MRE") from Inferred to Indicated categories.
- Results to date continue to demonstrate comparable or improved grades and mineralized thicknesses relative to previous drilling on the same or surrounding sections. Mineralization remains open at depth.
- Exploration at the new Crescent Zone (see Figure 4), located outside Luanga's three main PGM sectors, suggests repetition of the mafic/ultramafic Luanga stratigraphic sequence, supporting the possibility of multiple PGM+Au mineralized horizons associated with the prospective orthopyroxenite unit. Further drilling is required to test this potential.
- At the Crescent Zone, 7.95m of high-grade copper oxide mineralization (1.94% Cu), with associated PGM+Au, was intercepted. Additional follow-up work required.
|
HOLE-ID |
From (m) |
To (m) |
Thickness (m) |
Au (g/t) |
Pt (g/t) |
Pd (g/t) |
Rh (g/t) |
Ni (%) Sulphide* |
Cu (%) |
PGM+Au (g/t) |
TYPE |
|
DDH26LU302 |
137.00 |
181.00 |
44.00 |
0.01 |
0.43 |
1.32 |
0.067 |
0.24 |
0.01 |
1.83 |
FR |
|
DDH26LU305 |
163.90 |
234.70 |
70.80 |
0.03 |
0.41 |
1.35 |
0.064 |
0.28 |
0.03 |
1.86 |
FR |
|
Including |
212.70 |
232.70 |
20.00 |
0.01 |
0.80 |
2.63 |
0.115 |
0.40 |
0.02 |
3.56 |
FR |
|
DDH26LU306 |
199.00 |
218.00 |
19.00 |
0.04 |
1.28 |
1.66 |
0.224 |
0.19 |
0.01 |
3.20 |
FR |
|
DDH26LU307 |
34.25 |
42.20 |
7.95 |
0.05 |
0.35 |
0.18 |
0.004 |
NA |
1.94 |
0.58 |
Ox |
|
DDH26LU308 |
218.75 |
265.75 |
47.00 |
0.01 |
0.42 |
1.34 |
0.056 |
0.28 |
0.01 |
1.83 |
FR |
|
Including |
254.75 |
264.75 |
10.00 |
0.01 |
0.75 |
2.47 |
0.116 |
0.46 |
0.02 |
3.36 |
FR |
|
Notes: |
All 'From', 'To' depths, and 'Thicknesses' are downhole. 'NA' Not applicable for Oxide material.Given the orientation of drilling and mineralization, intercepts are estimated at 106% to 125% of true thickness in the Central Sector, and 103% to 105% of true thickness in the Crescent Zone.Type: Ox = Oxide. FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization.* Bravo's nickel grades are sulphide nickel, and do not include non-recoverable silicate nickel. |
Luanga Drilling Update
Results from eight diamond drill holes have been received; four from the Central Sector and four from the new Crescent Zone of the Luanga PGM+Au+Ni deposit. All drill holes reported herein are angled holes (-60 degrees), towards an azimuth of 330°. Together, this set of drill holes comprise a total of 1,953 metres of diamond drilling.
Section 1 (Figure 1) in the Central Sector shows results from the first of the infill sections at the Central Sector, where the Main Sulphide Zone mineralization is now defined to approximately 250m below surface on these new sections. The objective of this work is to upgrade the confidence levels of existing resources in the Mineral Resource Estimate ("MRE") from inferred to indicated resources. DDH26LU302, 305 and 308 all exhibit similar thicknesses of mineralization seen in previously reported drill hole DDH24LU289 and in sections along strike. PGM+Au grades appear slightly better in the new drilling, while Ni sulphide grades appear to increase marginally with depth. Mineralization remains open at depth.
Section 2 (Figure 2) shows exploration drilling at the newly named Crescent Zone. Historical drilling previously identified PGM+Au mineralization at this location, albeit with a limited understanding of its orientation or potential. Recent reinterpretation and relogging by Bravo, following newly collected ground geophysics (micro-gravity and magnetics) that was completed in late 2025, suggest repetition through potential folding (which may also introduce overturning with repetition) of the mafic/ultramafic Luanga stratigraphic sequence. This creates the possibility of intercepting PGM+Au mineralization associated with the prospective orthopyroxenite stratigraphic unit where it is repeated.
Section 2 shows the stratigraphy in the Crescent Zone to be a repeat of the known mineralized Luanga stratigraphy in the Central Sector to the east, encompassing at least three mineralized lenses. However, in this case, the stratigraphy is "right-way-up" (mafic rocks at the top, ultramafic rocks below), whereas in the Central Sector stratigraphy is overturned, with ultramafic rocks above the mafic sequence. Furthermore, relogged historic drill hole FD0079 shows the apparent reappearance, at depth, of the mafic (norite) upper part of the Luanga stratigraphic sequence. Further drilling is required to better understand and test this potential.
Further to the east in the Crescent Zone, drill hole DDH26LU307 (Figure 3) intersected 7.95m at 1.94% Cu (plus 0.6 g/t PGM+Au), in oxide from a depth of 34m. Mineralization is composed of a mixture of oxide Cu minerals and what appears to be PGM+Au mineralization that is more typical of the Luanga PGM+Au+Ni deposit. Copper mineralization is composed mostly of malachite, iron hydroxides (from sulphides) and chalcocite (a Cu supergene mineral, likely from the supergene alteration of chalcopyrite). Chalcocite occurs as fine-grained aggregates or coatings on remnants of chalcopyrite. Malachite is likely derived from subsequent alteration of chalcocite. The host rock is a brecciated talc-schist, highly altered and locally with mylonitic foliation. Further work is required to determine the source and style of this mineralization.
Drill Results Status Update
In total, 400 drill holes have been completed by Bravo to date, for 85,074 metres, including 8 metallurgical holes (not subject to routine assaying). Results have been reported for 355 Bravo drill holes to date. Assay results for 37 holes are currently outstanding (excluding the metallurgical holes), which mostly relate to exploration drilling outside the Luanga PGM+Au+Ni resource area. In total, 58 trenches have been completed to date (for 10,901 metres), with results from 6 trenches currently pending.
Complete Table of Recent Intercepts.
|
HOLE-ID |
From (m) |
To (m) |
Thickness (m) |
Au (g/t) |
Pt (g/t) |
Pd (g/t) |
Rh (g/t) |
Ni (%) Sulphide* |
Cu (%) |
PGM+Au (g/t) |
TYPE |
|
DDH26LU302 |
73.05 |
75.05 |
2.00 |
0.03 |
0.01 |
0.01 |
0.001 |
0.41 |
0.10 |
0.04 |
FR |
|
And |
89.05 |
90.05 |
1.00 |
2.01 |
0.03 |
0.05 |
0.007 |
0.03 |
<0.01 |
2.09 |
FR |
|
And |
137.00 |
181.00 |
44.00 |
0.01 |
0.43 |
1.32 |
0.067 |
0.24 |
0.01 |
1.83 |
FR |
|
And |
256.85 |
261.90 |
5.05 |
0.00 |
0.82 |
0.23 |
0.220 |
0.01 |
<0.01 |
1.29 |
FR |
|
DDH26LU303 |
95.33 |
103.50 |
8.17 |
0.00 |
0.69 |
0.39 |
0.003 |
0.02 |
0.01 |
1.09 |
FR |
|
And |
203.75 |
205.54 |
1.79 |
0.00 |
1.10 |
0.20 |
0.015 |
0.04 |
<0.01 |
1.31 |
FR |
|
DDH26LU304 |
16.00 |
27.30 |
11.30 |
0.00 |
0.53 |
0.42 |
0.004 |
NA |
0.01 |
0.95 |
Ox |
|
And |
116.50 |
118.55 |
2.05 |
0.01 |
1.22 |
0.29 |
0.013 |
0.08 |
0.01 |
1.53 |
FR |
|
DDH26LU305 |
163.90 |
234.70 |
70.80 |
0.03 |
0.41 |
1.35 |
0.064 |
0.28 |
0.03 |
1.86 |
FR |
|
Including |
212.70 |
232.70 |
20.00 |
0.01 |
0.80 |
2.63 |
0.115 |
0.40 |
0.02 |
3.56 |
FR |
|
And |
241.70 |
244.70 |
3.00 |
0.03 |
3.21 |
3.45 |
0.063 |
0.21 |
0.01 |
6.75 |
FR |
|
DDH26LU306 |
114.00 |
118.00 |
4.00 |
0.03 |
0.27 |
0.40 |
0.007 |
0.08 |
0.03 |
0.71 |
FR |
|
And |
135.95 |
140.15 |
4.20 |
0.16 |
0.30 |
0.81 |
0.072 |
0.43 |
0.10 |
1.34 |
FR |
|
And |
147.15 |
149.15 |
2.00 |
0.06 |
0.48 |
1.09 |
0.089 |
0.34 |
0.07 |
1.72 |
FR |
|
And |
199.00 |
218.00 |
19.00 |
0.04 |
1.28 |
1.66 |
0.224 |
0.19 |
0.01 |
3.20 |
FR |
|
And |
237.00 |
241.00 |
4.00 |
0.02 |
0.35 |
0.79 |
0.039 |
0.05 |
0.01 |
1.19 |
FR |
|
DDH26LU307 |
11.00 |
15.00 |
4.00 |
0.01 |
0.29 |
0.15 |
0.003 |
NA |
<0.01 |
0.45 |
Ox |
|
And |
34.25 |
42.20 |
7.95 |
0.05 |
0.35 |
0.18 |
0.004 |
NA |
1.94 |
0.58 |
Ox |
|
And |
46.20 |
58.20 |
12.00 |
0.01 |
0.30 |
0.19 |
0.004 |
NA |
0.02 |
0.51 |
Ox |
|
And |
137.20 |
140.20 |
3.00 |
0.01 |
1.02 |
0.19 |
0.015 |
0.05 |
0.01 |
1.23 |
FR |
|
DDH26LU308 |
25.35 |
27.35 |
2.00 |
0.17 |
0.54 |
1.29 |
0.003 |
0.27 |
0.01 |
2.00 |
FR |
|
And |
35.35 |
37.35 |
2.00 |
0.12 |
0.15 |
0.39 |
0.003 |
0.10 |
0.01 |
0.67 |
FR |
|
And |
164.00 |
164.75 |
0.75 |
0.01 |
0.00 |
0.00 |
0.000 |
1.00 |
0.28 |
0.01 |
FR |
|
And |
218.75 |
265.75 |
47.00 |
0.01 |
0.42 |
1.34 |
0.056 |
0.28 |
0.01 |
1.83 |
FR |
|
Including |
254.75 |
264.75 |
10.00 |
0.01 |
0.75 |
2.47 |
0.116 |
0.46 |
0.02 |
3.36 |
FR |
|
And |
284.75 |
310.75 |
26.00 |
0.01 |
0.25 |
0.36 |
0.004 |
0.05 |
0.01 |
0.61 |
FR |
|
Including |
286.75 |
289.75 |
3.00 |
0.02 |
0.81 |
0.99 |
0.018 |
0.07 |
0.01 |
1.84 |
FR |
|
DDH26LU309 |
17.00 |
18.00 |
1.00 |
0.02 |
0.79 |
0.32 |
0.014 |
NA |
0.01 |
1.13 |
Ox |
|
And |
86.15 |
88.15 |
2.00 |
0.00 |
0.57 |
0.17 |
0.001 |
0.03 |
0.01 |
0.74 |
FR |
|
And |
111.60 |
114.60 |
3.00 |
0.00 |
0.65 |
0.36 |
0.002 |
0.04 |
0.01 |
1.02 |
FR |
|
And |
149.60 |
155.40 |
5.80 |
0.00 |
0.40 |
0.12 |
0.004 |
0.02 |
0.01 |
0.53 |
FR |
|
Notes: |
All 'From', 'To' depths, and 'Thicknesses' are downhole. 'NA' Not applicable for Oxide material.Given the orientation of drilling and mineralization, intercepts are estimated at 106% to 125% of true thickness in the Central Sector, and 103% to 105% of true thickness in the Crescent Zone.Type: Ox = Oxide. FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization.* Bravo's nickel grades are sulphide nickel, and do not include non-recoverable silicate nickel. |
About Bravo Mining Corp.
Bravo is a Canadian and Brazil-based mineral exploration and development company focused on advancing its PGM and copper-gold Luanga Project in the Carajás Mineral Province, Pará State, Brazil. Bravo is one of the most active explorers in Carajás.
The team, comprising of local and international geologists, has a proven track record of PGM, nickel, and copper discoveries in the region. They have successfully taken a past IOCG greenfield project from discovery to development and production in the Carajás.
The Luanga Project is situated on mature freehold farming land and benefits from being located close to operating mines and a mining-experienced workforce, with excellent access and proximity to existing infrastructure, including road, rail, and hydroelectric grid power. Bravo's current Environmental, Social and Governance activities include planting more than 55,000 high-value trees in and around the project area and hiring and contracting locally.
Technical Disclosure
Technical information in this news release has been reviewed and approved by Simon Mottram, F.AusIMM (Fellow Australian Institute of Mining and Metallurgy), President of Bravo Mining Corp. who serves as the Company's "qualified person" as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr. Mottram has verified the technical data and opinions contained in this news release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "expand", "upgrade", "consistently", "exceed", "robust", "continuous", "encourage", "improve", "potential", "high-grade", "better", "increase", "advance", "most active", "benefit", " significant", "consistent", "frequent", "comparable", "possibility", "prospective", "remains open", ""objective", "appear", "define", "similar", variants of these words and other similar words, phrases, or statements that certain events or conditions "may" or "will" occur. This news release contains forward-looking information pertaining to the Company's 2026 drill program and the results thereof; comparisons to historical and/or prior Bravo drilling; the potential for extensions to mineralization at depth; the potential for greater thicknesses and/or higher grades at depth; the potential for fold repetitions of favourable stratigraphy and mineralized horizons; the potential of the recently identified Crescent Zone, including the copper oxide-PGM mineralization and whether a mineral resource can be defined at Crescent; whether the Crescent Zone is a fold repetition of the current mineralized stratigraphy and whether there is potential for additional such repetitions; whether or not the infill drilling will confirm the continuity of the mineralization in the current mineral resource estimate; whether or not infill drilling will upgrade mineral resources from the inferred category to the indicated category; the impact of current and future drilling on future mineral resource estimates, after taking into account other modifying factors; whether or not the mineralization is amenable to open pit mining and, if so, to what extent; potential economic outcomes, including strip ratios, in future economic studies; and the Company's plans in respect thereof. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, unexpected results from exploration programs, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage; and other risks and uncertainties involved in the mineral exploration and development industry. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that the assay results confirm that the interpreted mineralization contains significant values of nickel, PGMs and Au; that the mineralization remains open to depth, that PGM and/or Ni grades and mineralized thicknesses are improving to depth; that final drill and assay results will be in line with management's expectations; that activities will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or healthy and safety risks; that the Luanga Project will not be materially affected by potential supply chain disruptions; and general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.
Schedule 1: Drill Hole Collar Details
|
HOLE-ID |
Company |
East (m) |
North (m) |
RL (m) |
Datum |
Depth (m) |
Azimuth |
Dip |
Sector |
|
DDH26LU302 |
Bravo |
658323.20 |
9340430.22 |
273.380 |
SIRGAS2000_UTM_22S |
270.40 |
330.00 |
-60.00 |
Central |
|
DDH26LU303 |
Bravo |
658915.18 |
9341302.67 |
217.620 |
SIRGAS2000_UTM_22S |
250.70 |
330.00 |
-60.00 |
Crescent |
|
DDH26LU304 |
Bravo |
658865.55 |
9341388.48 |
208.750 |
SIRGAS2000_UTM_22S |
150.00 |
330.00 |
-60.00 |
Crescent |
|
DDH26LU305 |
Bravo |
658346.26 |
9340390.55 |
265.450 |
SIRGAS2000_UTM_22S |
310.40 |
330.00 |
-60.00 |
Central |
|
DDH26LU306 |
Bravo |
659385.87 |
9341087.39 |
221.820 |
SIRGAS2000_UTM_22S |
270.45 |
330.00 |
-60.00 |
Central |
|
DDH26LU307 |
Bravo |
658952.31 |
9341438.17 |
209.690 |
SIRGAS2000_UTM_22S |
150.40 |
330.00 |
-60.00 |
Crescent |
|
DDH26LU308 |
Bravo |
658369.87 |
9340350.06 |
256.840 |
SIRGAS2000_UTM_22S |
350.75 |
330.00 |
-60.00 |
Central |
|
DDH26LU309 |
Bravo |
658977.22 |
9341395.15 |
218.480 |
SIRGAS2000_UTM_22S |
200.25 |
330.00 |
-60.00 |
Crescent |
Schedule 2: Assay Methodologies and QAQC
Samples follow a chain of custody between collection, processing, and delivery to the SGS Geosol laboratory in Parauapebas, state of Pará, Brazil. The drill core is delivered to the core shack at Bravo's Luanga site facilities and processed by geologists who insert certified reference materials, blanks, and duplicates into the sampling sequence. Drill core is half cut and placed in secured polyurethane bags, then in security-sealed sacks before being delivered directly from the Luanga site facilities to the Parauapebas SGS Geosol laboratory by Bravo staff. Additional information about the methodology can be found on the SGS Geosol website (SGS) in their analytical guides. Information regarding preparation and analysis of historic drill core is also presented in the table below, where the information is known.
Quality Assurance and Quality Control ("QAQC") is maintained internally at the lab through rigorous use of internal certified reference materials, blanks, and duplicates. An additional QAQC program is administered by Bravo using certified reference materials, duplicate samples and blank samples that are blindly inserted into the sample batch. If a QAQC sample returns an unacceptable value an investigation into the results is triggered and when deemed necessary, the samples that were tested in the batch with the failed QAQC sample are re-tested.
|
Bravo SGS Geosol |
||||
|
Preparation |
Method |
Method |
Method |
Method |
|
For All Elements |
Pt, Pd, Au |
Rh |
Sulphide Ni, Cu |
Trace Elements |
|
PRPCLI (85% at 200#) |
FAI515 |
FAI30V |
AA04B |
ICP40B |
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2026/05/c5834.html
Toronto, Ontario–(Newsfile Corp. – May 4, 2026) – Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") is pleased to provide investors an update on its investments for the period ending April 30, 2026.
Table 1: Olive's Investment Portfolio
| Name | Ticker | Sector | Category | (Audited) Value | (Unaudited) Value | (Unaudited) Value |
| Dec 31, 2025(1) | Mar 31, 2026(1) | Apr 30, 2026(1) | ||||
| Omai Gold Mines Corp.(2) | OMG.v | Precious Metals | Public Equity | $3,504,200 | $4,255,100 | $5,806,960 |
| Black Sheep Ventures Inc. | Private | Real Estate | Private Equity & Conv. Debenture | $1,527,912 | $1,537,776 | $1,541,063 |
| Arizona Sonoran Copper Co. | ASCU | Base Metals | Public Equity | $908,200 | $1,400,000 | $1,059,800 |
| Goldsky Resources Corp. (inc. Warrants) | GSKR.v | Precious Metals | Public Equity | $296,829 | $631,485 | $789,245 |
| Sun Valley Minerals Inc.(2) | Private | Precious Metals | Private Equity | $375,000 | $562,500 | $562,500 |
| West Point Gold Corp.(2) | WPG.v | Precious Metals | Public Equity | $515,551 | $508,133 | $537,805 |
| Bravo Mining Corp. | BRVO.v | Precious Metals | Public Equity | $601,250 | $488,312 | $504,064 |
| GeoPark Ltd. | GPRK | Oil & Gas | Public Equity | $203,123 | $436,580 | $461,581 |
| Freehold Royalties Ltd. | FRU | Royalty | Public Equity | $240,002 | $326,556 | $410,172 |
| Troilus Gold Corp (inc. Warrants) | TLG | Precious Metals | Public Equity | $482,000 | $312,500 | $327,500 |
| Other Public Equity Liquid Investments and Cash Equivalents (3) | $2,405,764 | $2,379,528 | $4,126,123 | |||
| Other Public Equity Fundamental Investments Incl. Warrants (4) | $4,326,677 | $3,600,680 | $2,424,490 | |||
| Other Private Equity, Loans, & Convertible Debenture Investments | $1,087,181 | $972,179 | $1,180,367 | |||
| Total | $16,473,208(5) | $17,410,848(5) | $19,731,191(5) | |||
Samuel Pelaez, the Company's President, CEO, CIO, and Director stated: "Commodities advanced broadly during April, with the U.S. dollar index giving up the year's advance. Seasonal patterns remain influential even as the news flow continues to be dominated by the conflict in Iran. Commodity equities underperformed their respective commodity references. At Olive, we have reduced our gross exposure to commodity equities as the global situation remains unstable, while the major seasonal tailwinds begin to wind down."
Derek Macpherson, the Company's Executive Chairman stated: "As a result of significant outperformance of Olive's portfolio versus resource indices, the portfolio has been able to recover the majority of losses from the month of March. Of note, outperformance from Aurion Resources, which is the process of being acquired for cash by Agnico Eagle and Omai Gold Mines, where regional M&A activity and an updated resource pushed the stock higher, drove the portfolio. Notably, as the result of ongoing normal course issuer bid in March, on a per share basis, Olive has recovered to its end of February value."
Normal Course Issuer Bid ("NCIB")
As of the date of this release, the Company holds 4,076,500 common shares in treasury pending cancellation.
As of the date of this release Olive Resource Capital Inc. has 106,744,709 common shares outstanding inclusive of the shares in treasury pending cancellation.
About Olive Resource Capital Inc.:
Olive is a resource-focused merchant bank and investment company with a portfolio of publicly listed and private securities. The Company's assets consist primarily of investments in natural resource companies in all stages of development.
For further information, please contact:
Derek Macpherson, Executive Chairman at derek@olive-resource.com or by phone at (416)294-6713 or Samuel Pelaez, President, CEO & CIO at sam@olive-resource.com. Olive's website is located at www.olive-resource.com.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way approved nor disapproved the information contained herein.
Cautionary Note Regarding Forward-Looking Statements: This press release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should", "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements.
This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of Olive to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. All statements contained in this news release, other than statements of historical fact, are to be considered forward-looking, including, without limitation, statements concerning Olive's intended future disclosure practices. Although Olive believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: past success or achievement does not guarantee future success; negative investment performance; downward market fluctuations; downward fluctuations in commodity prices and changes in the prices of commodities in general; uncertainties relating to the availability and costs of financing needed in the future; interest rate and exchange rate fluctuations; changes in economic and political conditions that could negatively affect certain commodity prices; and those risks set out in the Company's public documents filed on SEDAR+. Accordingly, readers should not place undue reliance on forward-looking information. Olive does not undertake to update any forward-looking information except in accordance with applicable securities laws.
This commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. The information provided in this recording has been obtained from sources believed to be reliable and is believed to be accurate at the time of publishing but we do not represent that it is accurate or complete and it should not be relied upon as such.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295740
In the last week, the United States market has stayed flat, but it has shown a robust 29% rise over the past 12 months with earnings forecasted to grow by 16% annually. In this environment, identifying small-cap stocks that are potentially undervalued and exhibit insider buying can offer intriguing opportunities for investors looking to capitalize on growth prospects.
Top 10 Undervalued Small Caps With Insider Buying In The United States
| Name | PE | PS | Discount to Fair Value | Value Rating |
|---|---|---|---|---|
| Financial Institutions | 8.7x | 2.8x | 49.61% | ★★★★★☆ |
| Ferroglobe | NA | 0.6x | 45.31% | ★★★★★☆ |
| 1st Source | 11.1x | 4.2x | 42.00% | ★★★★☆☆ |
| Aldeyra Therapeutics | NA | NA | 49.64% | ★★★★☆☆ |
| Metropolitan Bank Holding | 12.7x | 3.6x | 42.32% | ★★★☆☆☆ |
| Tennant | 34.1x | 1.2x | 38.10% | ★★★☆☆☆ |
| German American Bancorp | 12.0x | 4.4x | 46.07% | ★★★☆☆☆ |
| Eagle Financial Services | 10.6x | 2.5x | 32.40% | ★★★☆☆☆ |
| Union Bankshares | 10.3x | 2.1x | 22.81% | ★★★☆☆☆ |
| New Peoples Bankshares | 9.4x | 2.2x | 25.73% | ★★★☆☆☆ |
We’ll examine a selection from our screener results.
Simply Wall St Value Rating: ★★★☆☆☆
Overview: TriMas is a diversified manufacturer of engineered products serving various industries, with a market capitalization of approximately $1.25 billion.
Operations: TriMas generates revenue primarily through its sales, with recent quarterly figures showing revenue of $973.84 million and $1.01 billion. The company’s cost structure includes significant expenses such as the cost of goods sold (COGS), which was $753.85 million in one quarter, and operating expenses, including general and administrative costs that reached up to $138.95 million in another period. Gross profit margin has shown variation over time, with a recent figure reported at 23.10%. Net income has fluctuated significantly, reflecting various non-operating expenses impacting profitability across different periods.
PE: 19.3x
TriMas, a smaller company in the U.S., has shown mixed financial signals. Recent Q1 2026 earnings reported sales of US$168.28 million, up from US$152.46 million last year, yet net income soared to US$800.83 million due to significant one-off items impacting results. The company’s confidence is evident with insider purchases and a completed share repurchase plan totaling 22.81% of shares for US$285.69 million by end-2025, signaling potential value recognition despite high-risk external borrowing reliance for funding needs.
- Unlock comprehensive insights into our analysis of TriMas stock in this valuation report.
-
Review our historical performance report to gain insights into TriMas”s past performance.
TRS Share price vs Value as at May 2026Arbor Realty Trust
Simply Wall St Value Rating: ★★★☆☆☆
Overview: Arbor Realty Trust is a real estate investment trust that specializes in originating and servicing loans for multifamily, single-family rental, and commercial real estate markets with a market cap of approximately $2.56 billion.
Operations: The company’s revenue is primarily derived from its Agency Business and Structured Business segments. The gross profit margin has shown a notable trend, reaching 92.28% in September 2023. Operating expenses, including general and administrative costs, significantly impact the overall financial performance, with recent figures showing an increase to $257.50 million by September 2025.
PE: 14.1x
Arbor Realty Trust, a small US real estate investment trust, showcases potential value with insider confidence evident from recent share purchases. Despite a dip in net income to US$148.8 million for 2025 from the previous year and impairment charges of US$20.5 million, Arbor’s strategic moves like a US$762.6 million securitization aim to bolster its financial footing. The appointment of experienced executives further strengthens its operational capabilities, hinting at promising future growth in the commercial real estate sector.
- Get an in-depth perspective on Arbor Realty Trust’s performance by reading our valuation report here.
-
Evaluate Arbor Realty Trust’s historical performance by accessing our past performance report.
ABR Share price vs Value as at May 2026FMC
Simply Wall St Value Rating: ★★★☆☆☆
Overview: FMC is a global agricultural sciences company that provides innovative solutions for crop protection, plant health, and professional pest control, with a market cap of approximately $12.60 billion.
Operations: FMC’s revenue is primarily derived from its sales, with recent figures showing a decline to $3.43 billion as of March 2026. The company’s cost structure includes significant expenses such as COGS, which was $2.33 billion in the same period, and operating expenses totaling $942.2 million. Notably, FMC’s net income margin has experienced volatility, reaching -71.52% by March 2026 due to substantial non-operating expenses amounting to $2.62 billion during this timeframe.
PE: -0.8x
FMC, a company in the specialty chemicals industry, recently faced financial challenges with a net loss of US$281 million for Q1 2026. Despite this, insider confidence is evident as Independent Director Michael Barry purchased shares worth approximately US$250,000 in February 2026. This move suggests potential value recognition amidst ongoing strategic initiatives like debt restructuring and product innovation. With regulatory approval for Isoflex active in the EU and plans for further launches by 2027, FMC aims to enhance its growth trajectory while exploring strategic options to bolster shareholder value.
- Take a closer look at FMC’s potential here in our valuation report.
-
Examine FMC’s past performance report to understand how it has performed in the past.
FMC Ownership Breakdown as at May 2026Turning Ideas Into Actions
- Unlock more gems! Our Undervalued US Small Caps With Insider Buying screener has unearthed 56 more companies for you to explore.Click here to unveil our expertly curated list of 59 Undervalued US Small Caps With Insider Buying.
- Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St’s portfolio, where intuitive tools await to help optimize your investment outcomes.
- Discover a world of investment opportunities with Simply Wall St’s free app and access unparalleled stock analysis across all markets.
Interested In Other Possibilities?
- Explore high-performing small cap companies that haven’t yet garnered significant analyst attention.
- Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
- Find companies with promising cash flow potential yet trading below their fair value.
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.
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Companies discussed in this article include TRS ABR and FMC.
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FMC Corporation FMC reported a first-quarter 2026 adjusted loss per share of 23 cents. This compares unfavorably to the year-ago quarter’s adjusted earnings per share of 18 cents. The result was narrower than the Zacks Consensus Estimate of a loss of 39 cents.
Quarterly revenues of $759 million declined 4% year over year but topped the consensus estimate of $721.8 million by 5.2%. Performance reflected favorable currency and stronger demand in select markets, partly offset by pricing pressure and partner-related volume headwinds. New active ingredient sales doubled year over year.
Profitability also declined as lower pricing and higher costs more than offset benefits from volume and currency. Tariffs and unfavorable raw material costs were the key cost headwinds, while lower R&D expenses provided some relief. The decline was also driven by tax charges related to higher valuation allowances, along with lower sales, higher restructuring costs and higher interest expense.
FMC Corporation Price, Consensus and EPS Surprise
FMC Corporation price-consensus-eps-surprise-chart | FMC Corporation Quote
FMC’s Regional Sales Performance
North America sales increased 6% year over year to $198 million. FMC attributed the gain to high-teens sales growth for branded products led by herbicides, alongside solid growth in Plant Health and strong Cyazypyr performance. Sales topped the consensus estimate of $185.1 million.
EMEA revenues rose 13% to $307 million on solid branded volume growth led by herbicides and Cyazypyr. Branded pricing was similar to the year-ago quarter, while registration losses were in line with expectations and represented an estimated 5% headwind. It outpaced the consensus estimate of $282.4 million.
Latin America revenues fell 14% to $177 million. FMC cited lower branded volumes mainly for core portfolio products and a competitive market for core products that pressured branded pricing, though higher growth-portfolio sales led by Cyazypyr and new actives provided a partial offset. It missed the consensus estimate of $178.7 million.
Asia revenues, excluding India, declined 36% year over year to $81 million. The company pointed to lower branded pricing in line with expectations and weaker insecticide volumes amid challenged grower economics tied to geopolitical uncertainty, partially offset by strong Cyazypyr growth. It beat the consensus estimate of $72.4 million.
FMC’s Financials
The company had cash and cash equivalents of $390.9 million at the end of the quarter. Long-term debt was $2,770.6 million.
FMC’s FY2026 and Q2 Outlook
FMC reaffirmed its full-year 2026 outlook, calling for revenue excluding India of $3.60 billion to $3.80 billion and adjusted EBITDA of $670 million to $730 million. Adjusted earnings per diluted share are still expected in the $1.63-$1.89 range, while free cash flow is projected between negative $65 million and positive $65 million.
The company’s full-year framework assumes interest expense of $255-$275 million and an adjusted tax rate of 16-18%, with depreciation and amortization of $160-$170 million. Capital additions and other investing activities are projected at $90-$110 million. FMC also expects the India contribution loss in 2026 to be roughly $90 million of revenue and $0 million of EBITDA.
For the second quarter, FMC expects revenue excluding India of $850 million to $900 million, with adjusted EBITDA of $130 million to $150 million and adjusted earnings per diluted share of 16-26 cents. The company expects year-over-year pressure to be driven largely by reduced orders from diamide partners and the removal of India from the reported base period.
FMC’s Price Performance
Shares of FMC have lost 61.9% in the past year compared with the industry’s 21.7% rise.
Image Source: Zacks Investment Research
FMC’s Zacks Rank & Key Picks
FMC currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are CF Industries Holdings, Inc. CF, Compass Minerals International, Inc. CMP and Aris Mining Corporation ARIS.
CF Industries is slated to report first-quarter 2026 results on May 6. The Zacks Consensus Estimate for earnings is pegged at $2.35 per share, indicating 27.03% year-over-year growth. CF sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Compass Mineral is slated to report second-quarter fiscal 2026 results on May 6. The consensus estimate for CMP’s earnings per share is pegged at 66 cents. CMP presently carries a Zacks Rank #1.
Aris is scheduled to report first-quarter 2026 results on May 6. The Zacks Consensus Estimate for ARIS’s first-quarter earnings per share is pegged at 77 cents, indicating 381.25% year-over-year growth. ARIS carries a Zacks Rank #2 (Buy) at present.
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This article originally published on Zacks Investment Research (zacks.com).
Toronto, ON, Canada, April 29, 2026 (GLOBE NEWSWIRE) — Canada Carbon Inc. (the "Company") (TSX-V : CCB) (OTC: BRUZF) (Frankfurt: U7N1) announces that it has granted options (each, an “Option”) to purchase an aggregate of up to 1,650,000 common shares in the capital of the Company (each, a “Common Share”) to certain officers of the Company. Each Option is exercisable into one Common Share at $0.05 per share for a period of five years from the date of grant. The Options vest immediately and are granted in accordance with the Company’s equity incentive plan.
CANADA CARBON INC.“Arran Thorpe”Chief Executive Officer and Director
For further information please contact:CANADA CARBON INC.E-mail inquiries: info@canadacarbon.com
“Neither 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.”
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
FMC (FMC) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.39. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +40.72%. A quarter ago, it was expected that this chemical producer would post earnings of $1.21 per share when it actually produced earnings of $1.2, delivering a surprise of -0.83%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
FMC, which belongs to the Zacks Agriculture – Operations industry, posted revenues of $758.6 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 5.10%. This compares to year-ago revenues of $791.4 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
FMC shares have added about 10% since the beginning of the year versus the S&P 500's gain of 4.3%.
What's Next for FMC?
While FMC has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for FMC was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.40 on $968.24 million in revenues for the coming quarter and $1.70 on $3.67 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Agriculture – Operations is currently in the top 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Archer Daniels Midland (ADM), is yet to report results for the quarter ended March 2026. The results are expected to be released on May 5.
This agribusiness giant is expected to post quarterly earnings of $0.66 per share in its upcoming report, which represents a year-over-year change of -5.7%. The consensus EPS estimate for the quarter has been revised 2% higher over the last 30 days to the current level.
Archer Daniels Midland's revenues are expected to be $21.11 billion, up 4.6% from the year-ago quarter.
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This article originally published on Zacks Investment Research (zacks.com).
Company continues to advance operational priorities and explore strategic options in parallel
First Quarter 2026 Highlights
- Revenue of $759 million, down 4 percent versus Q1 2025
- Revenue excluding India1 of $762 million, down 4 percent versus Q1 2025 (which included India)
- Organic revenue2 for the period declined 9 percent
- Consolidated GAAP net loss of $281 million, a decline of $266 million versus Q1 2025
- Adjusted EBITDA of $72 million, down 40 percent versus Q1 2025
- Consolidated GAAP loss of $2.25 per diluted share, down $2.13 versus Q1 2025
- Adjusted loss per diluted share of $0.23, down 41 cents versus Q1 2025
Maintains 2026 Full-Year Outlook1
- Revenue excluding India of $3.60 billion to $3.80 billion, a decline of 5 percent at the midpoint versus 2025
- Excluding 2025 India contributions, the 2026 outlook represents a decline at the midpoint of 3 percent
- Adjusted EBITDA of $670 million to $730 million, a decline of 17 percent at the midpoint
- Adjusted earnings per diluted share of $1.63 to $1.89, a decline of 41 percent at the midpoint
- Free cash flow of negative $65 million to $65 million, an improvement of $165 million at the midpoint
PHILADELPHIA, April 29, 2026 /PRNewswire/ — FMC Corporation (NYSE:FMC) today reported first quarter 2026 revenue of $759 million, down 4 percent versus first quarter 2025. First quarter 2026 revenue, excluding India, was $762 million, down 4 percent versus first quarter 2025, which included India. On a GAAP basis, the company reported a loss of $2.25 per diluted share in the first quarter, a decrease of $2.13 versus first quarter 2025. First quarter adjusted loss per diluted share of $0.23 was down 41 cents versus first quarter 2025.
|
FMC Revenue |
Q1 2026 |
|
Total Revenue Change (GAAP) |
(4) % |
|
Total Revenue Change (ex-India) (Non-GAAP) |
(4) % |
|
Less: 2025 revenue for India held for sale business |
(5) % |
|
Like-for-Like Revenue Change (Non-GAAP) |
1 % |
First quarter sales of $762 million, excluding India, were above the midpoint of guidance and 4 percent lower than the prior year. The removal of India represented a 5 percent sales headwind. Price declined 6 percent, in line with expectations, driven by lower pricing to diamide partners, pricing actions on branded Rynaxypyr® products and a competitive market for legacy core products – particularly in Latin America. Foreign currency was a tailwind of 5 percent. Volume improved 2 percent, driven by strong growth in EMEA and North America. New active ingredient sales doubled year-over-year. Plant Health grew 6 percent.
|
FMC Regional Revenue ($M) |
Q1 2026 |
Q1 2025 |
|
North America |
$198 |
$186 |
|
Latin America |
$177 |
$207 |
|
EMEA |
$307 |
$273 |
|
Asia (excluding 2026 India)1 |
$81 |
$125 |
|
2026 India1 |
$(4) |
— |
|
Total Revenue (GAAP) |
$759 |
$791 |
|
Note: Regional results ex. India sum to $763M due to rounding |
GAAP net loss in the first quarter declined $266 million primarily due to tax charges related to an increase in valuation allowances. Lower sales, higher restructuring costs and higher interest expense also contributed to the loss during the first quarter. FMC first quarter Adjusted EBITDA was $72 million, a decrease of 40 percent from the prior-year period, driven by lower pricing and unfavorable costs. The cost increase was driven by tariffs as well as unfavorable raw material costs.
On a GAAP basis, cash from operations was negative $601 million, a decline of $56 million versus 2025, primarily driven by lower Adjusted EBITDA. Free cash flow was negative $628 million, a decline of $32 million versus Q1 2025 primarily due to lower cash from operations, partially offset by lower capital expenditures.
Strategy Update
FMC is making strong progress on its 2026 operational priorities, which are strengthening the balance sheet through targeted debt reduction of approximately $1 billion, improving the competitiveness of its core portfolio, managing the post-patent transition for Rynaxypyr® active, and driving growth of new active ingredients including Isoflex® active, fluindapyr and Dodhylex® active. In parallel, the Board-authorized evaluation of strategic alternatives announced in February 2026 is progressing, and multiple options are being evaluated. There can be no assurance that the process will result in any transaction. The company does not intend to comment further at this time, except as it may do so in the ordinary course in connection with its upcoming earnings call, or if it determines that further disclosure is appropriate or necessary.
Full Year Outlook1
The company reaffirms its full-year 2026 revenue, Adjusted EBITDA, Adjusted EPS and free cash flow guidance ranges. Full year 2026 revenue guidance1 is $3.60 billion to $3.80 billion, a decline of 5 percent at the midpoint versus prior year1. Price is expected to be lower by mid-single digits mainly due to Rynaxypyr® active, which is consistent with the company's post-patent strategy. Excluding India, volume is expected to be up modestly as increases in branded Rynaxypyr® active and new active ingredients are largely offset by reduced diamide partner orders and declines in the legacy core portfolio. India represents a 2 percent headwind1. FX is expected to be neutral. Sales of new active ingredients are expected to be between $300 million and $400 million, representing growth of over 75 percent at the midpoint versus prior year.
Adjusted EBITDA is expected to be $670 million to $730 million, a decline of 17 percent versus prior year as lower price and an FX headwind are partially offset by volume growth and favorable costs. EPS is expected to be $1.63 to $1.89, a decrease of 41 percent versus prior year, primarily due to lower Adjusted EBITDA and, to a lesser extent, increased interest expense. Free cash flow is expected to be negative $65 million to $65 million.
Second Quarter and H2 Outlook1
Second quarter revenue is expected to be in the range of $850 million to $900 million, a decline of 17 percent at the midpoint compared to second quarter 2025, primarily due to lower volume to diamide partners and the removal of India. The India inclusion in prior year represents a 5 percent headwind. Price is expected to decline mid-single digits due to competitive pressure and planned pricing actions for Rynaxypyr® in line with the post-patent strategy. FX is expected to be a low-single digit tailwind. Adjusted EBITDA is forecasted to be in the range of $130 million to $150 million, a decline of 32 percent versus the prior year as lower sales are partially offset by favorable costs. FMC expects Adjusted EPS to be in the range of $0.16 to $0.26 in the second quarter, which represents a 70 percent decrease at the midpoint versus second quarter 2025, due to lower Adjusted EBITDA as well as higher interest expense to a lesser degree.
The midpoint of first-half guidance implies a second-half sales increase of 1 percent versus prior year. Price is expected to be a mid-single digit headwind, driven by competitive market conditions for core portfolio products and pricing actions to support the branded Rynaxypyr® active strategy. Lower price and a minor FX headwind are expected to be more than offset by volume growth, driven primarily by increased sales of products with new active ingredients.
Second-half Adjusted EBITDA is expected to decrease 6 percent as lower price and a minor FX headwind are partially offset by higher volume and favorable costs. Second-half Adjusted EPS is expected to decline 15 percent compared to second half 2025, due to lower Adjusted EBITDA, higher tax, and higher interest expense.
|
Full-Year 2026 Outlook1 |
Q2 2025Outlook1 |
First-Half Outlook1 |
Second-Half Outlook1 |
|
|
Revenue Excl. India |
$3.60 billion to $3.80 billion |
$850 million to $900 million |
$1.61 billion to $1.66 billion |
$1.99 billion to $2.14 billion |
|
Growth at midpoint vs. 2025* |
(5) % |
(17) % |
(11) % |
1 % |
|
Adjusted EBITDA |
$670 million to $730 million |
$130 million to $150 million |
$202 million to $222 million |
$468 million to $508 million |
|
Growth at midpoint vs. 2025* |
(17) % |
(32) % |
(35) % |
(6) % |
|
Adjusted EPS^ |
$1.63 to $1.89 |
$0.16 to $0.26 |
$(0.07) to $0.03 |
$1.70 to $1.86 |
|
Growth at midpoint vs. 2025* |
(41) % |
(70) % |
(102) % |
(15) % |
|
^ EPS estimates assume 125.9 million diluted shares for full year, Q2 and H2; 125.3 million diluted shares for H1. |
|
*Percentages are calculated using whole numbers. Minor differences may exist due to rounding. India excluded from 2026 guidance and H2 2025 actuals. Variances are calculated versus 2025 results, which include India in the first half of the year. |
Supplemental Information
The company will post supplemental information on the web at https://investors.fmc.com, including its webcast slides for tomorrow's earnings call, definitions of non-GAAP terms and reconciliations of non-GAAP figures to the nearest available GAAP term.
Always read and follow all label directions, restrictions and precautions for use. Products listed here may not be registered for sale or use in all states, countries or jurisdictions. FMC and the FMC logo are trademarks of FMC Corporation or an affiliate.
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®.
Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: FMC and its representatives may from time to time make written or oral statements that are "forward-looking" and provide other than historical information, including statements contained in this press release, in FMC's other filings with the SEC, and in presentations, reports or letters to FMC stockholders.
In some cases, FMC has identified these forward-looking statements by such words or phrases as "outlook", "will likely result," "is confident that," "expect," "expects," "should," "could," "may," "will continue to," "believe," "believes," "anticipates," "predicts," "forecasts," "estimates," "projects," "potential," "intends" or similar expressions identifying "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including the negative of those words or phrases. Such forward-looking statements are based on our current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. The forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These statements are qualified by reference to the risk factors included in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025 (the "2025 Form 10-K"), the section captioned "Forward-Looking Information" in Part II of the 2025 Form 10-K and to similar risk factors and cautionary statements in all other reports and forms filed with the Securities and Exchange Commission ("SEC"). We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement.
We specifically decline to undertake any obligation, and specifically disclaim any duty, to publicly update or revise any forward-looking statements that have been made to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as may be required by law.
This press release contains certain "non-GAAP financial terms" which are defined on our website www.fmc.com/investors. Such terms include Adjusted EBITDA, Adjusted earnings, free cash flow and organic revenue growth. In addition, we have also provided on our website reconciliations of non-GAAP terms to the most directly comparable GAAP terms.
|
FMC CORPORATION |
|||
|
CONSOLIDATED STATEMENTS OF INCOME (LOSS) |
|||
|
(Unaudited) |
|||
|
Three Months Ended March 31, |
|||
|
(In millions, except per share amounts) |
2026 |
2025 |
|
|
Revenue |
$ 758.6 |
$ 791.4 |
|
|
Costs of sales and services |
512.0 |
474.7 |
|
|
Gross margin |
$ 246.6 |
$ 316.7 |
|
|
Selling, general and administrative expenses |
185.1 |
172.0 |
|
|
Research and development expenses |
65.5 |
68.7 |
|
|
Restructuring and other charges (income) |
77.0 |
17.8 |
|
|
Total costs and expenses |
$ 839.6 |
$ 733.2 |
|
|
Income from continuing operations before non-operating pension, postretirement, and other charges (income), interest expense, net and income taxes |
$ (81.0) |
$ 58.2 |
|
|
Non-operating pension, postretirement, and other charges (income) |
3.4 |
3.2 |
|
|
Interest expense, net |
64.8 |
50.1 |
|
|
Income (loss) from continuing operations before income taxes |
$ (149.2) |
$ 4.9 |
|
|
Provision (benefit) for income taxes |
112.1 |
13.5 |
|
|
Income (loss) from continuing operations |
$ (261.3) |
$ (8.6) |
|
|
Discontinued operations, net of income taxes |
(19.9) |
(7.0) |
|
|
Net income (loss) |
$ (281.2) |
$ (15.6) |
|
|
Less: Net income (loss) attributable to noncontrolling interests |
0.1 |
(0.1) |
|
|
Net income (loss) attributable to FMC stockholders |
$ (281.3) |
$ (15.5) |
|
|
Amounts attributable to FMC stockholders: |
|||
|
Income (loss) from continuing operations, net of tax |
$ (261.4) |
$ (8.5) |
|
|
Discontinued operations, net of tax |
(19.9) |
(7.0) |
|
|
Net income (loss) |
$ (281.3) |
$ (15.5) |
|
|
Basic earnings (loss) per common share attributable to FMC stockholders: |
|||
|
Continuing operations |
$ (2.09) |
$ (0.06) |
|
|
Discontinued operations |
(0.16) |
(0.06) |
|
|
Basic earnings per common share |
$ (2.25) |
$ (0.12) |
|
|
Average number of shares outstanding used in basic earnings per share computations |
125.3 |
125.1 |
|
|
Diluted earnings (loss) per common share attributable to FMC stockholders: |
|||
|
Continuing operations |
$ (2.09) |
$ (0.06) |
|
|
Discontinued operations |
(0.16) |
(0.06) |
|
|
Diluted earnings per common share |
$ (2.25) |
$ (0.12) |
|
|
Average number of shares outstanding used in diluted earnings per share computations |
125.3 |
125.1 |
|
|
Other Data: |
|||
|
Capital additions and other investing activities |
$ 15.8 |
$ 37.4 |
|
|
Depreciation and amortization expense |
$ 42.0 |
$ 43.7 |
|
|
FMC CORPORATION |
|||
|
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES |
|||
|
RECONCILIATION OF NET INCOME (LOSS) ATTRIBUTABLE TO FMC STOCKHOLDERS (GAAP) TO ADJUSTED AFTER-TAX EARNINGS FROM CONTINUING OPERATIONS, ATTRIBUTABLE TO FMC STOCKHOLDERS (NON-GAAP) (1) |
|||
|
(Unaudited) |
|||
|
Three Months Ended March 31, |
|||
|
(In millions, except per share amounts) |
2026 |
2025 |
|
|
Net income (loss) attributable to FMC stockholders (GAAP) |
$ (281.3) |
$ (15.5) |
|
|
Corporate special charges (income): |
|||
|
Restructuring and other charges (income) (a) |
94.7 |
17.8 |
|
|
Non-operating pension, postretirement, and other charges (income) (b) |
3.4 |
3.2 |
|
|
India held for sale business (c) |
16.4 |
— |
|
|
Income tax expense (benefit) on Corporate special charges (income) (d) |
(18.3) |
(4.4) |
|
|
Discontinued operations attributable to FMC stockholders, net of income taxes (e) |
19.9 |
7.0 |
|
|
Tax adjustment (f) |
136.3 |
14.3 |
|
|
Adjusted after-tax earnings (loss) from continuing operations attributable to FMC stockholders (non-GAAP) (1) |
$ (28.9) |
$ 22.4 |
|
|
Diluted earnings (loss) per common share (GAAP) |
$ (2.25) |
$ (0.12) |
|
|
Corporate special charges (income) per diluted share, before tax: |
|||
|
Restructuring and other charges (income) |
0.76 |
0.14 |
|
|
Non-operating pension, postretirement, and other charges (income) |
0.03 |
0.03 |
|
|
India held for sale business |
0.13 |
— |
|
|
Income tax expense (benefit) on Corporate special charges (income), per diluted share |
(0.15) |
(0.04) |
|
|
Discontinued operations attributable to FMC stockholders, net of income taxes per diluted share |
0.16 |
0.06 |
|
|
Tax adjustments per diluted share |
1.09 |
0.11 |
|
|
Diluted adjusted after-tax earnings (loss) from continuing operations per share, attributable to FMC stockholders (non-GAAP) |
$ (0.23) |
$ 0.18 |
|
|
Average number of shares outstanding used in diluted adjusted after-tax earnings (loss) from continuing operations per share computations |
125.3 |
125.5 |
|
|
(1) |
Referred to as Adjusted earnings. The Company believes that Adjusted earnings, a non-GAAP financial measure, and its presentation on a per share basis provides useful information about the Company's operating results to management, investors, and securities analysts. Adjusted earnings excludes the effects of corporate special charges, the India held for sale business, tax-related adjustments and the results of our discontinued operations. The Company also believes that excluding the effects of these items from operating results allows management and investors to compare more easily the financial performance of its underlying business from period to period. |
||||
|
(a) |
Three Months Ended March 31, 2026: |
||||
|
Restructuring and other charges (income) includes restructuring charges of $94.5 million primarily comprised of $90.1 million in charges related to Project Foundation, which is management's comprehensive plan to further optimize FMC's cost structure and organizational operations. The charges for Project Foundation include non-cash asset write-off and accelerated depreciation costs of $64.7 million primarily associated with the planned exit of certain production activities; severance and employee separation costs of $6.2 million; and, other miscellaneous charges of $19.2 million, which include contract exit costs and professional service provider costs. During the three months ended March 31, 2026, we also recorded Project Focus-related costs of $4.3 million, primarily related to miscellaneous charges associated with previously implemented activities. Other charges (income) included $3.9 million of charges associated with our environmental sites and $3.7 million of other miscellaneous income. |
|||||
|
Three Months Ended March 31, 2025: |
|||||
|
Restructuring and other charges (income) includes restructuring charges of $13.6 million primarily related Project Focus, which included $6.6 million of professional service provider costs and other miscellaneous charges, $4.2 million of severance and employee separation costs, and accelerated depreciation of $3.1 million on assets identified for disposal in connection with the restructuring initiative. Other charges (income) of $4.2 million is comprised of $3.5 million of charges associated with our environmental sites and $0.7 million of other miscellaneous charges. |
|||||
|
(b) |
Our non-operating pension, postretirement and other charges (income) includes those costs (benefits) related to interest, expected return on plan assets, amortized actuarial gains and losses and the impacts of any plan curtailments or settlements. These are excluded from our Adjusted earnings and are primarily related to changes in pension plan assets and liabilities which are tied to financial market performance and we consider these costs to be outside our operational performance. We continue to include the service cost and amortization of prior service cost in our Adjusted earnings results noted above. These elements reflect the current year operating costs to our businesses for the employment benefits provided to active employees. |
||||
|
(c) |
In July 2025, the Board of Directors approved a plan to divest the Company's commercial business in India in response to ongoing challenges in the country. The sale process is underway and is expected to conclude during 2026; and, therefore, the assets related to this business have been classified as held for sale since the third quarter of 2025. The business does not qualify for recognition as discontinued operations and will continue to be presented in the Company's reported GAAP results until a transaction is completed. Beginning with the third quarter of 2025, we have excluded the impact of various activities associated with the anticipated sale from our operating results for non-GAAP purposes. Refer to the table below for the adjustments related to the India held for sale business for the three months ended March 31, 2026. |
||||
|
Three Months Ended March 31, |
Affected Line Item in the Consolidated Statements of Income (Loss) |
|||
|
(In millions) |
2026 |
2025 |
||
|
Operating results |
$ 34.1 |
$ — |
Revenue, Cost of sales and services, and Selling, general and administrative expenses |
|
|
Asset impairment |
(20.4) |
— |
Restructuring and other charges (income) |
|
|
Third party provider costs |
2.7 |
— |
Restructuring and other charges (income) |
|
|
India held for sale business |
$ 16.4 |
$ — |
||
|
(d) |
The income tax expense (benefit) on Corporate special charges (income) is determined using the applicable rates in the taxing jurisdictions in which the corporate special charge or income occurred and includes both current and deferred income tax expense (benefit) based on the nature of the non-GAAP performance measure. |
|
(e) |
Discontinued operations includes provisions, net of recoveries, for environmental liabilities and legal reserves and expenses related to previously discontinued operations and retained liabilities. |
|
(f) |
We exclude the GAAP tax provision, including discrete items, from the non-GAAP measure of income, and include a non-GAAP tax provision based upon the projected annual non-GAAP effective tax rate. The GAAP tax provision includes certain discrete tax items including, but are not limited to: income tax expenses or benefits that are not related to continuing operating results in the current year; tax adjustments associated with fluctuations in foreign currency remeasurement of certain foreign operations; certain changes in estimates of tax matters related to prior fiscal years; certain changes in the realizability of deferred tax assets and related interim accounting impacts; and changes in tax law. In 2024 and 2023, we recorded significant deferred tax assets due to various tax incentives granted to the Company's Swiss subsidiaries (the "Swiss Tax Incentives"). The initial recognition of these Swiss Tax Incentives did not impact our adjusted non-GAAP effective tax rate but will be considered annually as we realize the benefits. Management believes excluding these discrete tax items, as well as the impacts of the Swiss Tax Incentives annually as the related benefits are realized, assists investors and securities analysts in understanding the tax provision and the effective tax rate related to continuing operating results thereby providing investors with useful supplemental information about FMC's operational performance. |
|
Three Months Ended March 31, |
|||
|
(In millions) |
2026 |
2025 |
|
|
Tax adjustments: |
|||
|
Revisions to valuation allowances of historical deferred tax assets (i) |
$ 124.7 |
$ (1.2) |
|
|
Net impact of Switzerland tax incentives |
(5.5) |
2.8 |
|
|
Foreign currency remeasurement and other discrete items |
17.1 |
12.7 |
|
|
Total non-GAAP tax adjustments |
$ 136.3 |
$ 14.3 |
|
|
(i) |
As a result of changes in global earnings mix and ongoing tax planning implemented in March 2026, we reevaluated the realizability of our historical deferred tax assets and recorded an increase to our valuation allowance in Switzerland of approximately $123 million during the three months ended March 31, 2026. |
||||
|
RECONCILIATION OF NET INCOME (LOSS) (GAAP) TO ADJUSTED EARNINGS FROM CONTINUING OPERATIONS, BEFORE INTEREST, INCOME TAXES, DEPRECIATION AND AMORTIZATION, AND NONCONTROLLING INTERESTS (NON-GAAP) (3) |
|||
|
(Unaudited) |
|||
|
Three Months Ended March 31, |
|||
|
(In millions) |
2026 |
2025 |
|
|
Net income (loss) (GAAP) |
$ (281.2) |
$ (15.6) |
|
|
Restructuring and other charges (income) (1) |
94.7 |
17.8 |
|
|
Non-operating pension, postretirement, and other charges (income) |
3.4 |
3.2 |
|
|
India held for sale business (2) |
16.4 |
— |
|
|
Discontinued operations, net of income taxes |
19.9 |
7.0 |
|
|
Interest expense, net |
64.8 |
50.1 |
|
|
Depreciation and amortization |
42.0 |
43.7 |
|
|
Provision (benefit) for income taxes |
112.1 |
13.5 |
|
|
Adjusted earnings from continuing operations, before interest, income taxes, depreciation and amortization, and noncontrolling interests (non-GAAP) (3) |
$ 72.1 |
$ 119.7 |
|
|
(1) |
In the reconciliation above, favorable adjustments recorded in connection with the India held for sale business of $17.7 million for the three ended March 31, 2026 are presented in the India held for sale business line, as described in the reconciliation in note (c) above. On the consolidated statements of income (loss), these adjustments are recorded to "Restructuring and other charges (income)." |
||||
|
(2) |
Beginning with the third quarter of 2025, we excluded the operating results of the India commercial business during the held for sale period for non-GAAP purposes. For further details on the charges and write-downs recorded in connection with the India held for sale business, refer to note (c) in the reconciliation above. |
||||
|
(3) |
Referred to as Adjusted EBITDA. Defined as operating profit excluding restructuring and other charges (income), depreciation and amortization expense, and the India held for sale business. |
||||
|
RECONCILIATION OF CASH PROVIDED (REQUIRED) BY OPERATING ACTIVITIES OF CONTINUING OPERATIONS (GAAP) TO FREE CASH FLOW (NON-GAAP) (2) |
|||
|
(Unaudited) |
|||
|
Three Months Ended March 31, |
|||
|
(In millions) |
2026 |
2025 |
|
|
Cash provided (required) by operating activities of continuing operations (GAAP) (1) |
$ (600.9) |
$ (545.0) |
|
|
Capital expenditures |
(16.6) |
(31.6) |
|
|
Other investing activities |
0.8 |
(5.8) |
|
|
Capital additions and other investing activities |
$ (15.8) |
$ (37.4) |
|
|
Cash provided (required) by operating activities of discontinued operations |
(15.7) |
(13.3) |
|
|
Divestiture transaction costs (2) |
4.3 |
— |
|
|
Free cash flow (non-GAAP) (3) |
$ (628.1) |
$ (595.7) |
|
|
(1) |
The three months ended March 31, 2026 includes cash payments of $66.4 million primarily for restructuring activities related to the Project Focus transformation program as well as Project Foundation. The three months ended March 31, 2025 includes cash payments of $55.7 million for Project Focus. |
||||
|
(2) |
Represents third party provider costs associated with the expected sale of our India commercial business. Proceeds from the sale of our India commercial business anticipated in 2026 will be excluded from free cash flow when received. Therefore, we have also excluded the related transaction costs from free cash flow. |
||||
|
(3) |
Free cash flow is defined as cash provided (required) by operating activities of continuing operations (GAAP) adjusted for spending for capital additions and other investing activities as well as cash provided (required) by discontinued operations and divestiture transaction costs associated with the sale of our GSS business. We believe that this non-GAAP financial measure provides a useful basis for investors and securities analysts to evaluate the cash generated by routine business operations, including to assess our ability to repay debt, fund acquisitions and return capital to shareholders through share repurchases and dividends. Our use of free cash flow has limitations as an analytical tool and should not be considered in isolation or as a substitute for an analysis of our results under U.S. GAAP. |
||||
|
RECONCILIATION OF REVENUE (GAAP) |
|||
|
TO REVENUE EXCLUDING INDIA (NON-GAAP) (2) |
|||
|
(Unaudited) |
|||
|
Three Months Ended March 31, |
|||
|
(In millions) |
2026 |
2025 |
|
|
Revenue (GAAP) |
$ 758.6 |
$ 791.4 |
|
|
Less: Revenue from India commercial business (1) |
(3.8) |
— |
|
|
Revenue excluding India (non-GAAP) (2) |
$ 762.4 |
$ 791.4 |
|
|
(1) |
Beginning with the third quarter of 2025, revenue from the India commercial business is excluded from our adjusted results during the held for sale period for non-GAAP purposes. Refer to note (c) above for further details. |
||||
|
(2) |
Although the India held for sale business does not qualify for recognition as discontinued operations, we believe Revenue excluding India (non-GAAP) provides management and investors with useful supplemental information regarding our ongoing revenue performance. |
||||
|
RECONCILIATION OF REVENUE CHANGE (GAAP) TO ORGANIC REVENUE CHANGE (NON-GAAP) (1) |
|
|
(Unaudited) |
|
|
Three Months Ended March 31, 2026 vs. 2025 |
|
|
Total revenue (GAAP) change |
(4) % |
|
Less: Revenue for India held for sale business for the three months ended March 31, 2026 |
— % |
|
Revenue excluding India (non-GAAP) change (1) |
(4) % |
|
Less: Foreign currency impact |
5 % |
|
Organic revenue (non-GAAP) change (2) |
(9) % |
|
(1) |
Beginning with the third quarter of 2025, revenue from the India commercial business is excluded from our adjusted results during the held for sale period for non-GAAP purposes. Refer to note (c) above for further details. |
||||
|
(2) |
We believe organic revenue growth (non-GAAP) provides management and investors with useful supplemental information regarding our ongoing revenue performance and trends by presenting revenue growth excluding the impact of fluctuations in foreign exchange rates and the India held for sale business. |
||||
|
RECONCILIATION OF NET INCOME (LOSS) ATTRIBUTABLE TO |
|||
|
FMC STOCKHOLDERS (GAAP) TO RETURN ON INVESTED CAPITAL ("ROIC") |
|||
|
NUMERATOR (NON-GAAP) AND ADJUSTED ROIC (USING NON-GAAP NUMERATOR) (1) |
|||
|
(Unaudited) |
|||
|
Twelve Months Ended |
|||
|
(In millions, except percentages) |
March 31, 2026 |
||
|
Net income (loss) attributable to FMC stockholders (GAAP) |
$ (2,504.7) |
||
|
Interest expense, net, net of income taxes |
218.7 |
||
|
Corporate special charges (income) |
1,871.5 |
||
|
India held for sale business |
538.1 |
||
|
Income tax expense (benefit) on Corporate special charges (income) |
(172.0) |
||
|
Discontinued operations attributable to FMC stockholders, net of income taxes |
49.5 |
||
|
Tax adjustments |
538.3 |
||
|
ROIC numerator (non-GAAP) |
$ 539.4 |
||
|
March 31, 2026 |
March 31, 2025 |
||
|
Total debt |
$ 4,533.6 |
$ 4,003.5 |
|
|
Total FMC stockholders' equity |
1,822.1 |
4,382.0 |
|
|
Total debt and FMC stockholders' equity (GAAP) |
$ 6,355.7 |
$ 8,385.5 |
|
|
ROIC denominator (2 yr average total debt and FMC stockholders' equity) |
$ 7,370.6 |
||
|
ROIC (using Net income (loss) attributable to FMC stockholders (GAAP) as numerator) |
(33.98) % |
||
|
Adjusted ROIC (using non-GAAP numerator) (1) |
7.32 % |
||
|
(1) |
We believe Adjusted ROIC (non-GAAP) provides management and investors with useful supplemental information regarding our utilization of capital provided by both equity and debt as well as our working capital and free cash flow management. Additionally, vesting of certain restricted stock awards granted to officers is connected to Adjusted ROIC as a performance metric. |
||||
|
FMC CORPORATION |
|||
|
CONDENSED CONSOLIDATED BALANCE SHEETS |
|||
|
(Unaudited) |
|||
|
(In millions) |
March 31, 2026 |
December 31, 2025 |
|
|
Cash and cash equivalents |
$ 390.9 |
$ 584.5 |
|
|
Trade receivables, net of allowance of $42.5 in 2026 and $43.3 in 2025 |
2,244.8 |
2,062.0 |
|
|
Inventories |
1,242.6 |
1,219.6 |
|
|
Prepaid and other current assets |
533.7 |
481.2 |
|
|
Assets held for sale (1) |
492.9 |
611.7 |
|
|
Total current assets |
$ 4,904.9 |
$ 4,959.0 |
|
|
Property, plant and equipment, net |
627.5 |
707.4 |
|
|
Other intangibles, net |
2,333.5 |
2,361.8 |
|
|
Deferred income taxes |
1,096.0 |
1,215.6 |
|
|
Other long-term assets |
457.6 |
443.4 |
|
|
Total assets |
$ 9,419.5 |
$ 9,687.2 |
|
|
Short-term debt and current portion of long-term debt |
$ 1,763.0 |
$ 1,305.1 |
|
|
Accounts payable, trade and other |
634.1 |
771.0 |
|
|
Advanced payments from customers |
196.3 |
453.1 |
|
|
Accrued and other liabilities |
625.5 |
574.0 |
|
|
Accrued customer rebates |
480.0 |
417.4 |
|
|
Guarantees of vendor financing |
37.0 |
45.7 |
|
|
Accrued pensions and other postretirement benefits, current |
3.3 |
3.3 |
|
|
Income taxes |
26.6 |
24.0 |
|
|
Liabilities held for sale (1) |
47.5 |
161.7 |
|
|
Total current liabilities |
$ 3,813.3 |
$ 3,755.3 |
|
|
Long-term debt, less current portion |
$ 2,770.6 |
$ 2,769.8 |
|
|
Long-term liabilities |
985.7 |
1,063.2 |
|
|
Equity |
1,849.9 |
2,098.9 |
|
|
Total liabilities and equity |
$ 9,419.5 |
$ 9,687.2 |
|
|
(1) |
The carrying value of the India held for sale business decreased from $450 million as of December 31, 2025 to $425.0 million as of March 31, 2026 primarily due to receivable collections during the period. The carrying value of the held for sale business is comprised of $445.4 million of net assets held for sale as presented on the consolidated balance sheet and a gain of 20.4 million related to foreign currency translation in connection with the assets identified for disposal. The foreign currency translation gains are recorded in "Accumulated other comprehensive income (loss)" on the consolidated balance sheet and will be reclassified to the consolidated statement of income (loss) upon close of the sale. |
||||
|
FMC CORPORATION |
|||
|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |
|||
|
(Unaudited) |
|||
|
Three Months Ended March 31, |
|||
|
(In millions) |
2026 |
2025 |
|
|
Cash provided (required) by operating activities of continuing operations |
$ (600.9) |
$ (545.0) |
|
|
Cash provided (required) by operating activities of discontinued operations |
(15.7) |
(13.3) |
|
|
Cash provided (required) by investing activities of continuing operations |
(16.2) |
(38.0) |
|
|
Cash provided (required) by financing activities of continuing operations |
442.3 |
552.1 |
|
|
Effect of exchange rate changes on cash |
(3.1) |
2.2 |
|
|
Increase (decrease) in cash and cash equivalents |
$ (193.6) |
$ (42.0) |
|
|
Cash and cash equivalents, beginning of period |
$ 584.5 |
$ 357.3 |
|
|
Cash and cash equivalents, end of period |
$ 390.9 |
$ 315.3 |
|
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- Company Files Preliminary Short Form Base Shelf Prospectus and AIF and continues to advance NASDAQ Dual Listing via MJDS Process
- Final Base Shelf Prospectus, if receipted, will be valid for 25 months and is intended to provide the Company with capital markets flexibility
TORONTO, April 24, 2026 /CNW/ – Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce that it has filed a preliminary short form base shelf prospectus ("Base Shelf Prospectus") and Annual Information Form ("AIF") with the securities regulators in each of the provinces and territories of Canada. These filings represent a significant and deliberate step in the Company's strategic roadmap — which the Company expects may be used, subject to receipt and regulatory approvals, in connection with a potential NASDAQ dual‑listing through the Multi-Jurisdictional Disclosure System ("MJDS"), the established bilateral framework between Canadian and U.S. capital markets regulators.
NASDAQ Dual-Listing Readiness via MJDSUnder the MJDS framework, eligible Canadian issuers may file a U.S. registration statement with the U.S. Securities and Exchange Commission ("SEC") on Form F‑10, which is primarily based on Canadian disclosure documents, including the Company's base shelf prospectus. This bilateral system substantially reduces regulatory duplication, cost, and processing time, which may streamline the disclosure process for a NASDAQ cross‑listing, subject to SEC effectiveness and NASDAQ approval. Rock Tech's existing TSX Venture Exchange (the "TSXV") listing, combined with its 12-month-plus Canadian reporting history and qualifying public float, positions the Company as MJDS-eligible. The NASDAQ filing remains subject to NASDAQ approval.
25-Month Capital Flexibility WindowThe final Base Shelf Prospectus, if receipted, will be valid for a period of 25 months from the date of receipt. During this window, Rock Tech retains the option to access capital markets from time to time and in tranches aligned with project milestones — without requiring a full regulatory review for each potential future offering. This significantly reduces execution risk and cost in time-sensitive financing situations.
Institutional Credibility and Market ProfileA filed Base Shelf Prospectus is commonly used by more established TSXV‑listed issuers and is intended to support corporate governance practices, capital markets readiness, and financing flexibility. It is standard practice among established TSXV-listed resource and technology companies operating at Rock Tech's scale. The filing reinforces Rock Tech's positioning as a strategic, investment-ready critical minerals platform.
"This filing is about building institutional-grade capital markets infrastructure for tomorrow. Filing our Shelf Prospectus is an important step in preparing for a potential NASDAQ dual‑listing via the MJDS process. A NASDAQ listing, if achieved, is a transformative re-rating event for Rock Tech. It opens our story to the full depth of the North American institutional investor base at exactly the moment our project pipeline — Guben, Red Rock, Georgia Lake — is entering its most consequential phase," says Rock Tech's CEO, Mirco Wojnarowicz.
Rock Tech is advancing toward a NASDAQ dual-listing as a cornerstone of its institutional investor strategy. With the Guben Converter holding EU CRMA Strategic Project status and a full permit and engineering package, the Red Rock Converter project in Ontario, Canada carrying a CAD $2.3 billion NPV and a committed capital structure under the GP/LP framework, and the Georgia Lake Mine in Ontario positioned to create North America's first fully integrated mine-to-battery-grade lithium supply chain, Rock Tech believes the NASDAQ listing, if completed, could serve as a significant re-rating catalyst — expanding visibility, research coverage, and shareholder liquidity across the world's deepest capital market.
On behalf of the ManagementMirco WojnarowiczCEO, Rock Tech Lithium Inc.
ABOUT ROCK TECH LITHIUM
Rock Tech is enabling the battery age by making the battery industries in Europe and North America more independent and competitive. The Company's goal is to ensure the supply of high-quality, locally produced lithium — supporting a resilient, sustainable, and transparent value chain from mine to battery-grade material.
Rock Tech relies on responsible sourcing, state-of-the-art and proven technologies, and a clear focus on circular economy principles. The Company's lithium converter projects in Guben, Germany (24,000 tonnes LHM per year) and Ontario, Canada (up to 32,000 tonnes LCE per year) form the foundation for a stable and regional supply to the battery and automotive industries. The Guben converter has been recognized as a Strategic Project under the EU Critical Raw Materials Act.
The raw materials for Rock Tech's converter projects are sourced exclusively from verifiably ESG-compliant suppliers. In Canada, Rock Tech relies, among other sources, on its wholly-owned Georgia Lake Project, which ensures a stable and sustainable supply for the North American market and is being developed in close partnership with local Indigenous communities. By integrating recycled materials, the company aims to close the local battery loop.
With its facilities, Rock Tech makes a central contribution to battery-grade material sovereignty and the achievement of climate targets. The company works in partnership with industry, policymakers, and community groups, and is committed to open communication and the highest environmental standards.
CAUTIONARY NOTE CONCERNING FORWARD-LOOKING INFORMATIONCertain statements contained in this news release constitute "forward-looking information" under applicable securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, which address events, results, outcomes or developments that the Company expects to occur are forward-looking statements. When used in this news release, words such as "expects", "anticipates", "plans", "predicts", "believes", "estimates", "intends", "targets", "projects", "forecasts", "may", "will", "should", "would", "could" or negative versions thereof and other similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking information relating to, among other things: the Company's intentions to pursue a potential dual‑listing of its securities on the Nasdaq Stock Market; the Company's eligibility to utilize the MJDS; the anticipated use of a U.S. registration statement on Form F‑10 in connection with any such potential listing; the receipt of a final receipt for the Base Shelf Prospectus; the validity period and potential use of the Base Shelf Prospectus; the Company's ability to access the capital markets from time to time; the expected benefits of a potential Nasdaq listing, including enhanced visibility, liquidity and institutional investor participation; the advancement, development and timing of the Company's projects; and the Company's overall business strategy, plans, objectives and outlook.
Forward‑looking information is based on management's reasonable assumptions, estimates, expectations and opinions as of the date of this news release. Such assumptions include, without limitation: the Company's ability to obtain a final receipt for the Base Shelf Prospectus within a timeframe anticipated by management, or at all; the Base Shelf Prospectus becoming effective and remaining in effect for its full statutory period; the accuracy and completeness of the Company's disclosure provided to securities regulators; the Company's continued satisfaction of eligibility requirements under the MJDS; the ability of the Company to file and have declared effective a registration statement on Form F‑10; the receipt of all required regulatory and stock exchange approvals, including approvals from the SEC and Nasdaq; the absence of material adverse regulatory, legal or market developments; continued access to the capital markets on reasonable terms; and the Company's ability to advance its projects and business strategy in accordance with current plans and expectations.
Forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by such statements, including but not limited to the risk that the Company may not obtain a final receipt for the Base Shelf Prospectus on the terms or timeline currently expected, or at all the Company may not obtain the required regulatory or exchange approvals to complete a Nasdaq listing; delays in regulatory review processes; changes in applicable securities laws or stock exchange requirements; market conditions and volatility; liquidity and financing risks; commodity price fluctuations; operational and development risks associated with the Company's projects; and general economic and business conditions. Additional risk factors are discussed in the Company's public disclosure documents available under its profile on SEDAR+. Except as may be required by law, Rock Tech undertakes no obligation and expressly disclaims any responsibility, obligation or undertaking to update or to revise any forward-looking information, whether as a result of new information, future events or otherwise, to reflect any change in Rock Tech's expectations or any change in events, conditions or circumstances on which any such information is based. The forward-looking information contained herein is presented for the purposes of assisting readers in understanding Rock Tech's plans, objectives and goals and is not appropriate for any other purposes.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2026/24/c3057.html
As the Australian market navigates a complex global landscape, with fluctuating indices and geopolitical tensions impacting investor sentiment, small-cap stocks are drawing attention for their potential resilience and growth opportunities. In this environment, identifying promising companies like EQT Holdings alongside emerging small caps requires a keen eye for those that demonstrate strong fundamentals and adaptability to shifting economic conditions.
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| SDI | 14.65% | 8.06% | 12.66% | ★★★★★☆ |
| Zimplats Holdings | 3.35% | -10.45% | -46.73% | ★★★★★☆ |
| AMCIL | NA | 2.99% | 1.18% | ★★★★★☆ |
| Australian United Investment | 6.80% | 2.27% | 1.31% | ★★★★☆☆ |
Let’s explore several standout options from the results in the screener.
Simply Wall St Value Rating: ★★★★★☆
Overview: EQT Holdings Limited, with a market cap of A$550.22 million, operates in Australia offering philanthropic, trustee, and investment services through its subsidiaries.
Operations: EQT Holdings generates revenue primarily from its Trustee & Wealth Services segment, contributing A$107.17 million, followed by Corporate & Superannuation Trustee Services at A$85.76 million.
EQT Holdings, a notable player in Australia’s financial services sector, is gaining traction with its robust earnings growth of 58.7% over the past year, outpacing the industry average of 9.5%. The company’s debt to equity ratio increased from 14.5% to 37.9% over five years, yet it maintains more cash than total debt and has interest payments well covered by EBIT at a strong 10.4x coverage. With a price-to-earnings ratio of 13.2x below the market average, EQT appears undervalued while leveraging technology upgrades for efficiency gains and margin improvements amidst rising regulatory demands and trustee service needs in Australia.
ASX:EQT Earnings and Revenue Growth as at Apr 2026European Lithium
Simply Wall St Value Rating: ★★★★☆☆
Overview: European Lithium Limited focuses on the exploration and development of lithium deposits in Australia and Austria, with a market capitalization of approximately A$480.79 million.
Operations: European Lithium Limited generates revenue primarily from its mineral exploration activities, reporting A$0.95 million in this segment.
European Lithium, a small player in the mining sector, has recently turned profitable with a net income of A$1.15 million for the half-year ending December 2025, contrasting sharply with a net loss of A$19.38 million in the previous year. The company’s P/E ratio stands at an impressive 0.4x, significantly below the Australian market average of 17.7x, suggesting it might be undervalued compared to peers. Despite having more cash than debt and reducing its debt-to-equity ratio from 2.7 to 0.2 over five years, its earnings are forecasted to decline by an average of 159% annually over the next three years.
ASX:EUR Debt to Equity as at Apr 2026Helia Group
Simply Wall St Value Rating: ★★★★★★
Overview: Helia Group Limited operates in the loan mortgage insurance sector primarily in Australia and has a market capitalization of approximately A$1.45 billion.
Operations: Helia Group generates revenue primarily through its loan mortgage insurance business, with reported revenues of A$478.70 million. The company has a market capitalization of approximately A$1.45 billion.
Helia Group, a financial entity in Australia, is navigating a challenging landscape with significant headwinds. The loss of key lender clients and government policy changes are expected to shrink its core market, impacting future revenue growth. Analysts predict an 18.8% annual revenue decline over three years and profit margins dropping from 51.2% to 42.5%. Despite these challenges, Helia’s strong capital management and dominant market position offer some resilience against volatility. Recently, the company declared a special dividend of A$0.67 per share and reported net income of A$244.9 million for 2025, up from A$231.5 million the previous year.
ASX:HLI Debt to Equity as at Apr 2026Summing It All Up
- Investigate our full lineup of 65 ASX Undiscovered Gems With Strong Fundamentals right here.
- Have you diversified into these companies? Leverage the power of Simply Wall St’s portfolio to keep a close eye on market movements affecting your investments.
- Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage.
Ready To Venture Into Other Investment Styles?
- Explore high-performing small cap companies that haven’t yet garnered significant analyst attention.
- Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
- Find companies with promising cash flow potential yet trading below their fair value.
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:EQT ASX:EUR and ASX:HLI.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
Lindian locks in fuel pricing as Kangankunde tracks toward first production Proactive uses images sourced from Shutterstock
Lindian Resources Ltd (ASX:LIN, OTC:LINIF) has secured fixed-price diesel supply for its Kangankunde Rare Earths Project in Malawi, removing exposure to fuel price volatility as the company advances toward first production.
The company has locked in 500,000 litres of diesel at US$2.83 per litre under a 12-month agreement, covering construction, mining start-up and commissioning activities.
The agreement, struck with Malawian supplier Petroda, is structured in two 250,000-litre tranches, with initial deliveries already made to site to ensure continuous supply without requiring significant on-site storage.
“This agreement removes a key input cost risk during construction and mining start up and reinforces Kangankunde’s structural cost advantage. Locking in fuel pricing ahead of volatility provides certainty as we move toward first production and reflects the team’s disciplined approach to cost control and execution,” Lindian executive director Zac Komur said.
Cost certainty underpins pathway to production
The fixed-price arrangement provides cost certainty through a critical phase of development, insulating the project from fluctuations in fuel markets and local pricing adjustments. This is complemented by existing on-site fuel inventory, ensuring uninterrupted supply through construction and commissioning.
Kangankunde’s relatively low power demand of around 3MW is expected to be met through Malawi’s existing grid infrastructure, supported by hydropower and regional interconnection, removing the need for on-site generation and further reducing fuel reliance.
Lindian recently completed a A$100 million institutional placement, providing a debt-free funding pathway into stage 1 mining and processing and supporting a broader development pipeline, including downstream processing initiatives.
Construction activities at Kangankunde remain on schedule, with fuel supply and power infrastructure now in place to support the remaining build and commissioning phases, with no anticipated impact to first production timing.
VANCOUVER, BC / ACCESS Newswire / April 17, 2026 / Apex Critical Metals Corp. ("Apex" or the "Company") (CSE:APXC)(OTCQX:APXCF)(FWB:KL9) a mineral exploration company focused on advancing its strategic Rift Rare Earth Project within the Elk Creek Carbonatite Complex in Nebraska, USA, is pleased to announce that it has been included in the recently launched the Sprott Rare Earths Ex-China ETF. This new ETF is focused on companies engaged in the exploration, development, mining, separation, refining, and production of rare earth elements outside of China.
Apex has been included alongside a range of established rare earth sector participants, including Lynas Rare Earths Ltd., MP Materials Corp., USA Rare Earth Inc., Arafura Rare Earths Ltd., and NioCorp Developments Ltd.
"We are pleased to see Apex included in a rare earths-focused ex-China ETF at a time when Western governments, industry participants, and investors are increasingly focused on securing strategic rare earth supply chains outside of China," said Sean Charland, CEO of Apex Critical Metals. "We believe this inclusion reflects growing recognition of the potential of our Rift Rare Earth Project in Nebraska, where we have 2 drills actively turning and additional assays pending."
The Company believes inclusion in a rare earths-focused ETF may help broaden investor awareness, support trading liquidity, and increase exposure to institutional and retail investors seeking targeted participation in the rapidly evolving rare earths sector.
About Apex Critical Metals Corp. (CSE:APXC)(OTCQX:APXCF)(FWB:KL9)
Apex Critical Metals Corp. is a Canadian exploration company focused on advancing rare earth element (REE) and niobium projects that support the growing demand for critical and strategic metals across the United States and Canada. The Company's flagship Rift Project, located within the highly prospective Elk Creek Carbonatite Complex in Nebraska, U.S.A., hosts extensive rare earth rights surrounding one of North America's most advanced niobium-REE deposits. Historical drilling across the complex has reported broad intervals of high-grade REE mineralization, including intercepts such as 155.5 m of 2.70% REO and 68.2 m of 3.32% REO.
In Canada, Apex continues to advance its 100%-owned Cap Project, located 85 kilometres northeast of Prince George, British Columbia. The 2025 drill program confirmed a significant niobium discovery with 0.59% Nb₂O₅ over 36 metres, including 1.08% Nb₂O₅ over 10 metres, within a 1.8-kilometre-long niobium trend. The Cap Project continues to demonstrate strong potential for niobium mineralization within a large and previously unrecognized carbonatite system.
With a growing portfolio of critical mineral projects in both Canada and the United States, Apex Critical Metals is strategically positioned to help strengthen domestic supply chains for the minerals essential to advanced technologies, clean energy, and national security. Apex is publicly listed in Canada on the Canadian Securities Exchange (CSE) under the symbol APXC and quoted on the OTCQX market in the United States under the symbol APXCF, and in Germany on the Borse Frankfurt under the symbol KL9 and/or WKN: A40CCQ. Find out more at www.apexcriticalmetals.com and watch our videos at https://apexcriticalmetals.com/apex-critical-metals-corporate-video/ and make sure to stay in touch by signing up for free news alerts at https://apexcriticalmetals.com/news/news-alerts/, or by following us on X (formerly Twitter), Facebook or LinkedIn.
On Behalf of the Board of Directors
APEX CRITICAL METALS CORP.,
Sean CharlandChief Executive OfficerTel: 604.681.1568Email: info@apexcriticalmetals.com
Neither the Canadian Securities Exchange (CSE) nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release may contain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include (without limitation) statements regarding the Company's US-based prospective assets (more particularly described above), including the potential for additional acquisitions and the potential for exploration, statements regarding the potential for future exploration and drilling to confirm the source of magnetic anomalies, and statements regarding potential opportunities for the Company to engage with prospective strategic and institutional partners and any anticipated benefits thereof. Forward-looking statements are subject to various known and unknown risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. Risks that could change or prevent these events, activities or developments from coming to fruition include: the Company's properties are at an early stage of development and no current mineral resources or reserves have been identified by the Company thereof, that we may not be able to fully finance any additional exploration on the Company's properties; that even if we are able to raise capital, costs for exploration activities may increase such that we may not have sufficient funds to pay for such exploration or processing activities; the timing and content of any future work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumptions based on limited test work and by comparison to what are considered analogous deposits that, with further test work, may not be comparable; testing of our process may not prove successful or samples derived from our properties may not yield positive results, and even if such tests are successful or initial sample results are positive, the economic and other outcomes may not be as expected; the anticipated market demand for REE and other minerals may not be as expected; the availability of labour and equipment to undertake future exploration work and testing activities; geopolitical risks which may result in market and economic instability. 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. The forward-looking statements herein are made as of the date hereof, and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Apex Critical Metals Corp.
View the original press release on ACCESS Newswire
As Australian shares continue to rise, buoyed by positive movements in global markets despite geopolitical tensions and economic uncertainties, investors are keeping a keen eye on the potential impacts of fuel shortages and inflationary pressures. In this environment, identifying promising small-cap stocks can be crucial for investors looking to capitalize on market opportunities; these undiscovered gems often offer growth potential that aligns well with current market dynamics.
Top 10 Undiscovered Gems With Strong Fundamentals In Australia
| Name | Debt To Equity | Revenue Growth | Earnings Growth | Health Rating |
|---|---|---|---|---|
| Fiducian Group | NA | 9.85% | 10.78% | ★★★★★★ |
| Joyce | NA | 7.70% | 7.34% | ★★★★★★ |
| Bailador Technology Investments | NA | -6.04% | -6.00% | ★★★★★★ |
| Euroz Hartleys Group | NA | -2.67% | -37.02% | ★★★★★★ |
| Focus Minerals | NA | 75.66% | 75.61% | ★★★★★★ |
| WAM Strategic Value | NA | -9.74% | 30.51% | ★★★★★★ |
| SDI | 14.65% | 8.06% | 12.66% | ★★★★★☆ |
| Zimplats Holdings | 3.35% | -10.45% | -46.73% | ★★★★★☆ |
| AMCIL | NA | 2.99% | 1.18% | ★★★★★☆ |
| Australian United Investment | 6.80% | 2.27% | 1.31% | ★★★★☆☆ |
Here’s a peek at a few of the choices from the screener.
Simply Wall St Value Rating: ★★★★★★
Overview: Aeris Resources Limited is an Australian company involved in the exploration, production, and sale of precious metals with a market capitalization of A$460.91 million.
Operations: Aeris Resources generates revenue primarily from its Cracow and Tritton segments, contributing A$210.35 million and A$366.72 million respectively.
Aeris Resources, a dynamic player in Australia’s mining sector, is making strategic moves to bolster its financial health and operational efficiency. The company reported a notable rise in net income to A$47.91 million for the half-year ending December 2025, up from A$29.58 million the previous year. Earnings per share also improved, with basic EPS at A$0.047 compared to A$0.031 last year. Aeris’s earnings growth of 163% outpaced the industry average of 60%. Despite high capital expenditures impacting cash flow negatively at -A$93.86 million as of September 2023, Aeris remains committed to enhancing its core operations while divesting non-core assets for better returns.
ASX:AIS Debt to Equity as at Apr 2026Kina Securities
Simply Wall St Value Rating: ★★★★☆☆
Overview: Kina Securities Limited operates in Papua New Guinea offering commercial banking, financial services, fund administration, investment management, and share brokerage with a market capitalization of A$358.88 million.
Operations: Kina Securities generates revenue through its diverse offerings in commercial banking, financial services, fund administration, investment management, and share brokerage. The company’s net profit margin has shown notable variation over recent periods.
Kina Securities, a financial entity with total assets of PGK5.5 billion and equity at PGK717.9 million, showcases a robust position in the market. Despite having high bad loans at 8.7%, it maintains low-risk funding as 95% of its liabilities stem from customer deposits. The company reported net income of PGK120.73 million for 2025, up from PGK100.3 million the previous year, reflecting earnings growth that outpaces the banking industry average by a significant margin (14.3% vs -1%). Trading at nearly 19% below fair value estimates and offering dividends with an increased payout ratio highlights its potential appeal to investors seeking value opportunities in Australia’s financial sector landscape.
- Get an in-depth perspective on Kina Securities’ performance by reading our health report here.
-
Explore historical data to track Kina Securities’ performance over time in our Past section.
ASX:KSL Debt to Equity as at Apr 2026Vysarn
Simply Wall St Value Rating: ★★★★★★
Overview: Vysarn Limited offers water services across sectors such as resources, urban development, government, and utilities in Australia with a market cap of A$379.76 million.
Operations: Vysarn Limited generates revenue primarily from its Industrial and Advisory segments, with A$72.44 million and A$30.46 million respectively.
Vysarn has shown a robust performance, with earnings growth of 93.7% over the past year, outpacing the Metals and Mining industry. The company’s debt to equity ratio impressively decreased from 34.8% to just 0.2% in five years, indicating a strong balance sheet position with more cash than total debt. Trading at approximately 29% below its estimated fair value suggests potential undervaluation in the market. Recent financials reveal sales climbed to A$66.81 million for the half-year ending December 2025, up from A$41.02 million previously, while net income rose to A$7.25 million from A$3.56 million year-on-year, reflecting solid operational efficiency and profitability improvements despite significant insider selling recently observed.
- Click here and access our complete health analysis report to understand the dynamics of Vysarn.
-
Assess Vysarn’s past performance with our detailed historical performance reports.
ASX:VYS Debt to Equity as at Apr 2026Next Steps
- Access the full spectrum of 65 ASX Undiscovered Gems With Strong Fundamentals by clicking on this link.
- Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive.
- Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.
Searching for a Fresh Perspective?
- Explore high-performing small cap companies that haven’t yet garnered significant analyst attention.
- Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
- Find companies with promising cash flow potential yet trading below their fair value.
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:AIS ASX:KSL and ASX:VYS.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
The United States market has shown robust performance, rising 3.1% over the last week and 27% over the past year, with earnings projected to grow by 16% annually. In such a thriving environment, identifying stocks that are potentially undervalued can offer opportunities for investors seeking to capitalize on discrepancies between current stock prices and their intrinsic values.
Top 10 Undervalued Stocks Based On Cash Flows In The United States
| Name | Current Price | Fair Value (Est) | Discount (Est) |
| Zscaler (ZS) | $118.05 | $233.04 | 49.3% |
| WesBanco (WSBC) | $36.06 | $70.67 | 49% |
| Uranium Energy (UEC) | $13.53 | $26.41 | 48.8% |
| Tutor Perini (TPC) | $83.35 | $163.84 | 49.1% |
| National Bank Holdings (NBHC) | $41.74 | $81.90 | 49% |
| Ferroglobe (GSM) | $4.25 | $8.45 | 49.7% |
| FB Financial (FBK) | $54.90 | $108.31 | 49.3% |
| DNOW (DNOW) | $12.21 | $23.84 | 48.8% |
| Coastal Financial (CCB) | $82.10 | $161.95 | 49.3% |
| Ategrity Specialty Insurance Company Holdings (ASIC) | $20.58 | $40.96 | 49.8% |
Here we highlight a subset of our preferred stocks from the screener.
Overview: Ichor Holdings, Ltd. designs, engineers, and manufactures fluid delivery subsystems and components for semiconductor capital equipment globally, with a market cap of approximately $1.99 billion.
Operations: The company’s revenue is primarily derived from its Semiconductor Equipment and Services segment, totaling $947.65 million.
Estimated Discount To Fair Value: 19%
Ichor Holdings is trading at US$57.5, below its estimated future cash flow value of US$70.99, indicating potential undervaluation based on cash flows. Despite this, the company has experienced significant insider selling and a volatile share price recently. While earnings are expected to grow 78.4% annually, recent financials show a net loss of US$52.78 million for 2025 with revenue guidance between $240-260 million for Q1 2026, pointing to mixed prospects ahead.
- Our expertly prepared growth report on Ichor Holdings implies its future financial outlook may be stronger than recent results.
- Unlock comprehensive insights into our analysis of Ichor Holdings stock in this financial health report.
ICHR Discounted Cash Flow as at Apr 2026Dana
Overview: Dana Incorporated offers power-conveyance and energy-management solutions for on-highway vehicles across North America, Europe, South America, and the Asia Pacific, with a market cap of approximately $3.99 billion.
Operations: The company’s revenue segments include $5.35 billion from Light Vehicle and $2.36 billion from Commercial Vehicle solutions.
Estimated Discount To Fair Value: 26.8%
Dana Incorporated is trading at $36.46, significantly below its estimated future cash flow value of $49.83, highlighting potential undervaluation based on cash flows. Despite interest payments not being well covered by earnings, Dana’s forecasted annual profit growth of 35.63% and a recent shift to profitability with a net income of $85 million in 2025 improve its financial outlook. The company’s ongoing share buyback plan further supports shareholder value enhancement efforts.
- Our earnings growth report unveils the potential for significant increases in Dana’s future results.
- Get an in-depth perspective on Dana’s balance sheet by reading our health report here.
DAN Discounted Cash Flow as at Apr 2026Sociedad Química y Minera de Chile
Overview: Sociedad Química y Minera de Chile S.A. is involved in the production and sale of specialty plant nutrients, as well as iodine and its derivatives on a global scale, with a market cap of approximately $23.46 billion.
Operations: The company’s revenue is primarily derived from its Lithium and Derivatives segment at $2.29 billion, followed by Iodine and Derivatives at $1.04 billion, Specialty Plant Nutrition at $982.40 million, Potassium at $155.51 million, and Industrial Chemicals at $75.40 million.
Estimated Discount To Fair Value: 27.7%
Sociedad Química y Minera de Chile is trading at $82.12, considerably below its estimated future cash flow value of $113.58, indicating potential undervaluation. Despite an unstable dividend track record, the company’s earnings are forecast to grow annually by 19.2%, outpacing the US market’s growth rate of 15.7%. Recent strategic alliances for copper exploration in Chile and a proposed increase in dividend payout further underline its growth prospects and shareholder value initiatives.
- The growth report we’ve compiled suggests that Sociedad Química y Minera de Chile’s future prospects could be on the up.
- Delve into the full analysis health report here for a deeper understanding of Sociedad Química y Minera de Chile.
SQM Discounted Cash Flow as at Apr 2026Make It Happen
- Embark on your investment journey to our 147 Undervalued US Stocks Based On Cash Flows selection here.
- Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly.
- Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor.
Looking For Alternative Opportunities?
- Explore high-performing small cap companies that haven’t yet garnered significant analyst attention.
- Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.
- Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
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 ICHR DAN and SQM.
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
Vancouver, British Columbia–(Newsfile Corp. – April 13, 2026) – Sego Resources Inc. (TSXV: SGZ) ("Sego" or "the Company") is delighted to announce results from four drill holes in the Southern Gold Zone and one hole in the Cuba Zone area of the Miner Mountain Porphyry Copper-Gold project near Princeton, BC (Table 1). The Southern Gold Zone is an intrusion hosted disseminated gold zone.
Table 1. 2025 Drill Results Sample intervals are from core lengths, true widths are unknown.
| DDH ID and Dip | From (m) | To (m) | Interval (m) | Au g/t |
| DDH25-66 -50 | 3.83 | 51.04 | 47.21 | 0.520 |
| DDH25-67 -50 | 3.37 | 81.69 | *NSR | |
| DDH25-68 -50 | 3.78 | 167.03 | NSR | |
| DDH25-69 50 | 41.60 | 141.96 | 100.36 | 0.626 |
| Including | 41.60 | 65.97 | 24.37 | 0.958 |
| Including | 75.87 | 94.96 | 19.09 | 0.850 |
| Including | 106.07 | 123.32 | 12.75 | 0.970 |
| DDH25-70 | Abandoned | |||
| DDH25-71 -50 | 6.25 | 588.44 | NSR |
*NSR – No Significant Results
Table 2. Significant 2021 and 2022 DDH Intersections in the Southern Gold Zone see News Release November 22, 2022.
| DDH ID and Dip | From (m) | To (m) | Interval (m) | Au (g/t) |
| DDH 46 -50 | 3.04 | 62.15 | 59.10 | 1.03 |
| DDH 47 -50 | 12.19 | 100.30 | 88.10 | 1.08 |
| DDH 48 -50 | 139.50 | 152.23 | 12.70 | 0.18 |
| DDH 49 -50 | 19.00 | 84.12 | 65.10 | 0.60 |
| DDH 50 -50 | 11.28 | 105.48 | 94.20 | 0.86 |
| DDH 52 -50 | 3.00 | 77.52 | 74.50 | 0.79 |
| DDH 53 -50 | 3.10 | 86.00 | 86.50 | 0.16 |
| DDH 54 -50 | 3.47 | 57.54 | 54.10 | 0.37 |
| DDH 55 -50 | 4.40 | 84.90 | 80.50 | 0.69 |
| DDH 56 -50 | 3.50 | 38.45 | 34.90 | 0.15 |
| DDH 56 -50 | 48.80 | 59.20 | 10.40 | 0.17 |
| DDH 57 -50 | 56.50 | 103.90 | 57.40 | 0.43 |
| DDH 59 -50 | 63.12 | 143.12 | 80.00 | 0.95 |
| DDH 60 -50 | 9.14 | 60.80 | 51.66 | 0.24 |
| DDH-61 -50 | 9.14 | 48.77 | 39.63 | 0.27 |
Samples were shipped to AGAT Laboratories, in Calgary Alberta, an independent laboratory, with ISO/IEC 17025:2017 accreditation. The samples were tested by ICP utilizing Aqua Regia Digest – Metals Package, ICP-OES/ICP, Gold was also fire assayed with a 30g sample weight. The samples were across a 1 metre core length.
Please see the map below for drill hole locations and directions DDH 68 was located north of the Southern Gold Zone without reaching it at depth and Diamond Drill Hole 67 was collared to locate the southern boundary of gold mineralization which was intersected at about 20 metres with gold grades up to 0.299 gpt over 1.86 metres.
Figure below can be viewed at www.segoresources.com with the full news release. Drill results of holes 66 and 69 are highlighted in red.
To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/1056/292169_9d3704ebe4b53b98_002full.jpg
The Southern Gold Zone is primarily hosted by a fine-grained biotite diorite pervasively altered to variable amounts of calcite, chlorite, sericite, albite and K feldspar. Disseminated very fine-grained pyrite, hematite and relatively minor chalcopyrite are common and also noted in microfractures and lesser calcite-chlorite veinlets. Gold intervals >0.10 gpt are spatially associated with variable strengths of alteration assemblages and of pyrite-hematite and chalcopyrite. Very fine-grained (> 5 microns) gold is difficult to recognize in some samples and to confirm would require scanning electron microscopy of polished thin sections.
A preliminary metallurgical bench scale test from a drill core sample reported in News Release August 11, 2021 concluded that "9.8% of the gold reports to gravity concentration and 59.3% recovered in 1 hour and 72.6% after 3 hours using a cyanide leaching process. An impressive 95.8% of the gold recovered from the core sample with no additional testing."
Sego plans to submit the data for the preparation of an inferred resource calculation on the Southern Gold Zone.
Diamond Drill hole 71 was drilled from the south of the Cuba Zone and encountered extensive alteration which carried weak Cu and Au values. Unfortunately this hole was lost at 580 metres.
An IP survey is planned to define and extend a known deep chargeability anomaly located north of the Southern Gold Zone and results will support deep exploration for porphyry copper-gold mineralization.
Diamond Drilling is scheduled to commence on April 22nd 2026.
Quality Assurance/Quality ControlControl samples comprising certified reference samples, duplicates, and blank samples were systematically inserted into the sample stream and analyzed as part of the Company's quality assurance/quality control protocol. Drill core is HQ in all results. Samples are ½ core with the exception of duplicates which are ¼ core. The Company will also be sending check assays to another laboratory as part of the quality assurance and quality control protocol.
This news release was reviewed and approved by Tor Bruland, P.Geo., who is a Qualified Person under the definitions established by NI 43-101, and is an Independent Consulting Geologist commissioned by Sego Resources Inc.
About the Project:Sego is 100% owner of the Miner Mountain project, an alkalic copper-gold porphyry exploration project near Princeton, British Columbia. The Miner Mountain Project combines alkalic porphyry copper-gold mineralization in the Cuba and other zones and the unusual gold mineralization in the Southern Gold Zone which may be distal to an alkalic copper-gold porphyry. The property is 2,056 hectares in size and is located 15 kilometres north of the Copper Mountain Mine operated by Hudbay Minerals Inc. Sego has a Memorandum of Understanding with the Upper Similkameen Indian Band on whose Traditional Territory the Miner Mountain project is situated. Sego has received an Award of Excellence for its reclamation work at Miner Mountain.
For further information please contact:
J. Paul Stevenson, CEO (604) 682-2933ceo@segoresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No regulatory authority has approved or disapproved the information contained in this news release.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statement of historical facts that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects re forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, statements are not guarantees of future performance and actual results or developments may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292169
DENVER, CO / ACCESS Newswire / April 13, 2026 / Solitario Resources Corp. ("Solitario") (NYSE American:XPL)(TSX:SLR) is pleased to announce that President and CEO, Chris Herald, will provide a live webcast presentation at the 23rd Annual Mining Forum Europe 2026 gold conference. The webcast is scheduled for Wednesday, April 15, at 3:40 pm Zurich Time or 9:40 am Eastern Time. To access the live presentation, please click Mining Forum Americas 2026. Additionally, Mr. Herald will be hosting one-on-one meetings with individual attendees.
Mr. Herald's presentation will focus on the details of Solitario's recently permitted Ponderosa drilling program within the Golden Crest gold project. Exceptional surface gold has been delineated over an area 2.0 x 1.5 kilometers. This drilling campaign represents the most aggressive drilling program in Solitario's history. Details of the upcoming Cat Creek molybdenum/rhenium drilling program, and exploration and permitting activities associated with its newly acquired Bright Angel gold-copper project, will also be presented. Finally, Mr. Herald will present planned activities on its advanced high-grade zinc projects, Florida Canyon and Lik, joint ventured with Nexa and Teck Resources, respectively. The presentation will be available on the Company's website post conference.
About Solitario
Solitario is a natural resource exploration company focused on potential high-quality Tier-1 gold, copper, zinc, silver and critical metals projects. The Company is traded on the NYSE American ("XPL") and on the Toronto Stock Exchange ("SLR"). Solitario's Management and Directors hold approximately 8.2% (excluding options) and Newmont Corporation owns 9.2% of the Company's 92.8 million shares outstanding. Solitario's cash balance and marketable securities stand at approximately US$8.8 million. Additional information about Solitario is available online at www.solitarioresources.com.
For More Information Please Contact:
Chris Herald, President & CEO: 303-534-1030; ext. 1
SOURCE: Solitario Resources Corp.
View the original press release on ACCESS Newswire
Toronto, Ontario–(Newsfile Corp. – April 13, 2026) – Olive Resource Capital Inc. (TSXV: OC) is pleased to provide investors an update on its investments for the period ending March 31, 2026.
Table 1: Olive's Investment Portfolio
| Name | Ticker | Sector | Category | (Audited) Value | (Unaudited) Value | (Unaudited) Value |
| Dec 31, 2024 | Dec 31, 2025(1) | Mar 31, 2026(1) | ||||
| Omai Gold Mines Corp.(2) | OMG.v | Precious Metals | Public Equity | $456,720 | $3,504,200 | $4,255,100 |
| Arizona Sonoran Copper Co. | ASCU | Base Metals | Public Equity | $255,780 | $908,200 | $1,400,000 |
| Black Sheep Ventures Inc. | Private | Real Estate | Private Equity & Conv. Debenture | $1,265,936 | $1,276,128 | $1,285,991 |
| Aurion Resources Ltd. | AU.v | Precious Metals | Public Equity | $222,075 | $542,700 | $743,700 |
| Goldsky Resources Corp. (inc. Warrants) | GSKR.v | Precious Metals | Public Equity | $120,450 | $296,829 | $631,485 |
| Sun Valley Minerals Inc.(2) | Private | Precious Metals | Private Equity | $150,000 | $375,000 | $562,500 |
| West Point Gold Corp.(2) | WPG.v | Precious Metals | Public Equity | $118,688 | $515,551 | $508,133 |
| Bravo Mining Corp. | BRVO.v | Precious Metals | Public Equity | $169,100 | $601,250 | $488,312 |
| GeoPark Ltd. | GPRK | Oil & Gas | Public Equity | – | $203,123 | $436,580 |
| Sterling Metals Corp. (inc. Warrants) | SAG.c | Base Metals | Public Equity | $85,906 | $1,074,043 | $381,405 |
| Other Public Equity Liquid Investments and Cash Equivalents (3) | $1,417,143 | $2,578,643 | $2,705,603 | |||
| Other Public Equity Fundamental Investments Incl. Warrants (4) | $1,471,672 | $3,041,883 | $2,788,076 | |||
| Other Private Equity, Loans, & Convertible Debenture Investments | $685,654 | $1,237,667 | $972,179 | |||
| Total | $6,419,124 | $16,155,216 | $17,159,063(5) | |||
Samuel Pelaez, the Company's President, CEO, CIO, and Director, stated: "The conflict in Iran was the defining factor for commodity and equity performance during the month. Market volatility, as measured by the VIX Index rose to the highest since the U.S. tariff announcement in April 2025. The U.S. dollar rose, and major commodities declined, with the notable exception of oil and gas, which rose sharply. Commodity equities followed their respective reference commodity but underperformed. At Olive, we cautiously deployed a portion of the cash we had raised the previous month in anticipation of volatile events. The Company remains well deployed into the first half of the new year, which is historically associated with strong seasonal performance for the entire commodity complex."
Derek Macpherson, the Company's Executive Chairman, stated: "March was a challenging month for commodities and the associated equities, resulting in a decline in investment value; however, we remain up year-to-date and repositioned our portfolio in March to reflect the new reality caused by the conflict in Iran. We continue to believe that we are in the early days of an extended bull market in commodities, and while March represented a meaningful drawdown, it appears to us that the longer-term trend remains intact."
Normal Course Issuer Bid ("NCIB")
Pursuant to the NCIB, the Company repurchased 2,000,000 shares during the month of March 2026. As of the date of this release, the Company holds 4,116,500 common shares in treasury pending cancellation.
As of the date of this release Olive Resource Capital Inc. has 106,744,709 common shares outstanding.
About Olive Resource Capital Inc.:
Olive is a resource-focused merchant bank and investment company with a portfolio of publicly listed and private securities. The Company's assets consist primarily of investments in natural resource companies in all stages of development.
For further information, please contact:
Derek Macpherson, Executive Chairman at derek@olive-resource.com or by phone at (416)294-6713 or Samuel Pelaez, President, CEO & CIO at sam@olive-resource.com. Olive's website is located at www.olive-resource.com.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way approved nor disapproved the information contained herein.
Cautionary Note Regarding Forward-Looking Statements: This press release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should", "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements.
This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of Olive to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. All statements contained in this news release, other than statements of historical fact, are to be considered forward-looking, including, without limitation, statements concerning Olive's intended future disclosure practices. Although Olive believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: past success or achievement does not guarantee future success; negative investment performance; downward market fluctuations; downward fluctuations in commodity prices and changes in the prices of commodities in general; uncertainties relating to the availability and costs of financing needed in the future; interest rate and exchange rate fluctuations; changes in economic and political conditions that could negatively affect certain commodity prices; and those risks set out in the Company's public documents filed on SEDAR+. Accordingly, readers should not place undue reliance on forward-looking information. Olive does not undertake to update any forward-looking information except in accordance with applicable securities laws.
This commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. The information provided in this recording has been obtained from sources believed to be reliable and is believed to be accurate at the time of publishing but we do not represent that it is accurate or complete and it should not be relied upon as such.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292149
Albemarle Corporation’s ALB shares have gained roughly 21.9% year to date. The upside has been driven by the company’s solid earnings performance, supported by strong growth in the Energy Storage segment, cost-reduction initiatives and a rebound in lithium prices amid strengthening demand and tighter supply conditions. ALB has underperformed the Zacks Chemical – Diversified industry’s rise of around 32.9%.
ALB’s YTD Price Performance
Image Source: Zacks Investment Research
ALB stock broke above its 50-day simple moving average (SMA) on March 24, 2026. It is also currently trading above its 200-day SMA, suggesting a long-term uptrend.
Albemarle Trades Above 50-Day SMA
Image Source: Zacks Investment Research
Let’s take a look at ALB’s fundamentals to analyze the stock better.
Lithium Project Expansion & Productivity Aid Albemarle
Albemarle is well-placed to gain from long-term growth in the battery-grade lithium market. The market for lithium batteries and energy storage remains strong, especially for EVs, offering significant opportunities for the company to develop innovative products and expand capacity. Lithium demand is expected to grow on the back of significant global EV penetration. ALB expects lithium demand to witness a compound annual growth rate (CAGR) of 10-20% from 2025 to 2030. Stationary storage is expected to be a significant driver for lithium demand along with EVs. Lithium demand increased more than 30% year over year, and the company expects demand to grow roughly 15-40% this year. The company is strategically executing its projects aimed at boosting its global lithium conversion capacity. It remains focused on investing in high-return projects to drive productivity. Healthy customer demand, capacity expansion and plant productivity improvements are supporting its volumes. ALB saw higher sales volumes in its Energy Storage unit in the fourth quarter of 2025 on strong production from its integrated conversion facilities. The Salar yield improvement project in Chile has achieved a 50% operating rate, and the ramp-up continues to deliver encouraging outcomes. The ramp-up at the Meishan lithium conversion facility in China is also progressing ahead of schedule.Albemarle is taking aggressive cost-saving and productivity actions in the wake of tumbling lithium prices. The company delivered roughly $450 million in cost and productivity improvements for full-year 2025, having surpassed its initial target of $300-$400 million. It expects additional cost and productivity improvements of $100-$150 million in 2026. ALB is taking actions to maintain its competitive position, including the initiation of a comprehensive review of cost and operating structure, optimization of the conversion network and reduction of capital expenditure. Its capital expenditures of $590 million for 2025 decreased 65% year over year. ALB, in February 2026, announced that it will idle Train 1, the remaining operating train at its Kemerton lithium hydroxide processing plant in Western Australia, and place it into care and maintenance effective immediately. This move follows earlier actions in 2024 to idle Train 2 for care and maintenance and stop expansion plans for Trains 3 and 4. The Kemerton facility processes spodumene from the Greenbushes mine, one of the world’s best deposits. The move is a result of the ongoing efforts over the past two and a half years to reduce operating costs. The company expects higher flexibility and optionality to benefit adjusted EBITDA starting in the second quarter of 2026.Higher lithium prices, driven by strong demand from EVs and energy storage systems, along with supply disruptions due to recent supply reductions in China, should also aid ALB’s performance. Lithium prices have rebounded lately from trough levels, supported by tightening supply and strong demand in China and globally.
Robust Financial Health Supports ALB’s Capital Allocation
Albemarle remains committed to driving shareholder value by leveraging healthy cash flows and strong liquidity. At the end of 2025, ALB had liquidity of around $3.2 billion, including cash and cash equivalents of around $1.6 billion. Its operating cash flow was around $1.3 billion in 2025, up roughly 86% from the prior-year period. ALB expects generated free cash flow of $692 million for full-year 2025, driven by strong cash conversion, lower capital spending and productivity measures. The company remains focused on maintaining its dividend payout. It has raised its quarterly dividend for the 30th straight year. ALB offers a dividend yield of 0.9% at the current stock price. Its peers, Sociedad Quimica y Minera de Chile S.A. SQM and Rio Tinto Group RIO have a dividend yield of 0.2% and 5.2%, respectively.
Volume & Demand Headwinds Ail ALB
While the Energy Storage unit is expected to benefit from higher lithium prices in 2026, it faces volume pressure, which may affect the segment’s sales. The company expects energy storage sales volumes to be roughly flat in 2026, following inventory drawdowns in 2025. The normalization of inventories is likely to impact volumes in 2026.The Specialties unit also faces challenges from softness in building and construction. High interest rates continue to curb spending in residential construction. Weaker demand in oil and gas applications is also expected to weigh on the segment’s sales and margins.
ALB’s Estimates Reflect Positive Sentiment
The Zacks Consensus Estimate for 2026 for ALB has been revised upward over the past 60 days. The consensus estimate for 2027 has been going up over the same time frame. The Zacks Consensus Estimate for 2026 earnings is currently pegged at $8.15, suggesting a year-over-year rise of 1,131.7%. Earnings are expected to increase roughly 17.7% in 2027.
Image Source: Zacks Investment Research
ALB: An Expensive Stock
ALB is currently trading at a forward price-to-sales ratio of 3.54, well above the industry. It is trading at a premium to Sociedad Quimica and Rio Tinto. Albemarle and Sociedad Quimica currently have a Value Score of D, while Rio Tinto has a Value Score of A.
ALB’s P/S F12M Vs. Industry, SQM and RIO
Image Source: Zacks Investment Research
Conclusion: Hold Onto ALB Stock for Now
Albemarle is benefiting from its initiatives to expand global lithium conversion capacity and enhance productivity. The company is well-positioned to capitalize on the substantial growth opportunity in the battery-grade lithium market, supported by the global transition toward EVs. Higher lithium prices amid robust demand and tight supply conditions also provide a tailwind.Rising earnings estimates and a strong growth outlook are other positives. However, volume pressures in Energy Storage and demand headwinds in Specialties could dampen its prospects. Its stretched valuation also might not offer an attractive entry point at this time. Considering these factors, 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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This article originally published on Zacks Investment Research (zacks.com).
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