Newcore Drilling Unveils Growth Opportunities at Enchi Project in Ghana
Newcore Gold has started drill-testing deeper, high-grade targets at the Enchi project in Ghana. (Credit: Newcore Gold) Newcore Gold (TSXV: NCAU) said drilling at its Enchi gold project in southwestern Ghana encountered multiple wide zones of higher-grade gold mineralization. Shares rose. Hole KBRC357 in the north-central portion of the Boin gold deposit intersected 4.41 grams per […]
April Inflation Eases, Yet…
Canada’s Consumer Price Index rose 1.7% annually in April, slightly above FactSet estimates of 1.6% but down sharply from 2.3% in March—its slowest pace since September. The inflation slowdown reduces the likelihood of the Bank of Canada cutting interest rates at its June 4 meeting. The latest Statistics Canada report showed the index retreated 0.1% […]
Perpetua Resources Secures Final Federal Permit for the Stibnite Gold Project in Idaho
Perpetua Resources (Nasdaq: PPTA) (TSX: PPTA) announced Monday that the United States Army Corps of Engineers (USACE) has issued Perpetua’s Clean Water Act Section 404 permit for the Stibnite Gold project in Idaho. The decision comes after eight years of rigorous inter-agency federal permitting, and was the last federal permit required to progress towards construction. […]
3 Stocks That Recently Had Their Fair Value Estimates Increased
Tariff turmoil and fears of recession have rattled financial markets and put pressure on many companies. But some have thrived in this challenging environment, and Morningstar analysts have raised their fair value estimates of those names. A fair value estimate is a Morningstar analyst’s estimate of a stock’s intrinsic value, determined using a proprietary discounted […]
Applied Materials Earnings: Cutting-Edge Chip Performance
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. Key Morningstar Metrics for Applied Materials What We Thought of Applied Materials’ Earnings Applied Materials’ AMAT April-quarter revenue rose 7% year over year to USD $7.1 billion, down 1% sequentially. Non-GAAP gross margin rose 170 basis points year over year […]
Novo Nordisk: CEO’s Unexpected Exit Signals…
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. Novo Nordisk CEO Lars Fruergaard Jørgensen will step down as part of an accelerated leadership transition. Former CEO Lars Rebien Sørensen (current chair of the parent company and majority shareholder, the Novo Nordisk Foundation) will join the Novo Nordisk board. […]
Alibaba Earnings: Results Meet Expectations, With Cloud Performance…
Editor’s Note: This analysis was originally published as a stock note by Morningstar Equity Research. Alibaba Group Holding’s BABA March-quarter cloud revenue grew 18% year on year. Taobao and Tmall Group customer management revenue growth accelerated to 12%. The cloud business’ adjusted EBITA margin fell to 8.0% from 9.9% last quarter due to higher investments. […]
Gold Prices May Surpass $4,800 by 2030, According to Incrementum AG
Liechtenstein-based gold fund manager Ronald-Peter Stöferle (L) talks to TNM’s western editor, Henry Lazenby during the Mining Forum Americas last year in Colorado Springs. Gold could exceed $4,800 per oz. by December 2030 based on a probable base-case scenario, Liechtenstein-based gold fund Incrementum outlined in its In Gold We Trust report. The report’s base-case scenario projects an outcome […]
10 Best-Performing US Equity ETFs
It’s been a wild ride for investors in US stock exchange-traded funds in recent months, rolling from a bull market into a tariff-driven downturn and back up again. Amid this volatility, it can be difficult to sift through the dozens of US stock ETFs available to Canadian investors. To screen for the top-performing ETFs in […]
BofA Commodities Head Suggests Gold Price May Have Reached $3,500 Peak for the Time Being
Stock image. The May edition of Bank of America’s global fund managers survey revealed that a record 45% of investors now categorize gold as an “overvalued” investment asset. This marks a sharp increase from 34% in April, when gold prices rallied to record highs. Rising investor skepticism mirrors the outlook held by BofA experts, including […]