reports
- Ben Pirie
Mining Monthly: October Edition
What you need to know: • Precious metal prices were up substantially in October, rebounding from two months of consolidation, significantly outperforming broader markets which were down during the month. Other commodities and battery metals held in relatively flat. • The price of uranium continued to perform well over the last month and resulted in significant equity financings. • Deteriorating economic data leads us to believe we are approaching a long-awaited pivot after both the BoC and the...
FM FIRST QUANTUM MINERALS LTD.
IMG. IAMGOLD CORPORATION
MOZ MARATHON GOLD CORP.
PAAS PAN AMERICAN SILVER CORP.
RLG WEST RED LAKE GOLD MINES INC
NE.M.BA NEWMONT CORPORATION
EDV ENDEAVOUR MINING CORPORATION
ERO ERO COPPER CORP.
IMG IAMGOLD CORP.
MAI MINERA ALAMOS INC.
ORE OREZONE GOLD CORPORATION
VIT VICTORIA GOLD CORPORATION
ARTG ARTEMIS GOLD
ASCU ARIZONA SONORAN COPPER CO INC
FQM FIRST QUANTUM MINERALS LTD
ERO US ERO COPPER
- Ben Pirie
Mining Monthly: June Edition
What you need to know: • The precious metals markets were down slightly in the month of June, however, we view this as a healthy consolidation period following significant price increases since November 2022. • M&A slowed in June primarily due to the new uncertainty regarding interest rates following strong economic data and the BoC raising 25bps. • Safe-haven assets like gold and silver continue to look highly attractive with inflation remaining sticky and rates likely to decline by 2024. Sent...
ABX. FIRST QUANTUM MINERALS LTD.
FM SILVER STANDARD RESOURCES INC.
SSRI MAG SILVER CORP.
MAG. AGNICO EAGLE MINES LIMITED
AEM. ENDURANCE GOLD
EDG. MARATHON GOLD CORP.
MOZ SSR MINING INC
SSRM NEWMONT CORPORATION
NE.M.BA ERO COPPER CORP.
ERO ARTEMIS GOLD
ARTG O3 MINING INC. (OIII)
OIII OSISKO MINING CORP.
OSK OSISKO MINING INC (OSK CN)
ETU E2GOLD INC
PNTZF TRIGON METALS INC.
ABX OMAI GOLD MINES CORP
OMG FIRST QUANTUM MINERALS LTD
FQM ENDURANCE GOLD CORPORATION
ENDG.F ERO COPPER
3EG SKEENA RESOURCES LIMITED
- Ben Pirie
Mining Monthly: May Edition
What you need to know: • The precious metals and base metals markets were down in the month of May, however, we view this as a healthy pull-back following two strong months in March and April. • M&A remained elevated in the month following what appears to be the peaking of rates and inflation, and persistent elevated metals prices. • With inflation remaining sticky, we believe investors have begun turning to safe-haven assets like gold and silver. Sentiment Update Following two very strong mont...
NCM ENDURANCE GOLD
EDG. FORTUNA SILVER MINES INC.
FVI. MARATHON GOLD CORP.
MOZ PAN AMERICAN SILVER CORP.
PAAS TECK RESOURCES LIMITED CLASS B
TECK.B SSR MINING INC
SSRM NEWMONT CORPORATION
NE.M.BA ARTEMIS GOLD
ARTG TOREX GOLD RESOURCES INC. (TXG)
FVI E2GOLD INC
TXG TRIGON METALS INC.
ETU CAPSTONE COPPER CORP
- Sid Rajeev
- Jonathan Moreland
ESS ESSEX PROPERTY TRUST INC.
CME CME GROUP INC. CLASS A
SHW SHERWIN-WILLIAMS COMPANY
GIII G-III APPAREL GROUP LTD.
JELD JELD-WEN HOLDING INC.
NE.M.BA NEWMONT CORPORATION
GIM TEMPLETON GLOBAL INCOME FUND
GOCO GOHEALTH
RILY INC.
DMAC B. RILEY FINANCIAL
MODV DIAMEDICA THERAPEUTICS INC.
MTTR MODIVCARE INC
EMO MATTERPORT
PATI INC./DE
CLEARBRIDGE ENERGY MLP OPPORTUNITY FUND INC.
NEW PATRIOT TRANSPORTATION HOLDING
INC.
- Sid Rajeev
- Sid Rajeev
- Jonathan Moreland
INTC INTEL CORPORATION
INSM INSMED INCORPORATED
HBNC HORIZON BANCORP INC
FTAI FORTRESS TRANSPORTATION AND INFRASTRUCTURE INVESTORS LLC
DVA DAVITA INC.
CHTR CHARTER COMMUNICATIONS INC. CLASS A
B BARNES GROUP INC.
ALGN ALIGN TECHNOLOGY INC.
AAT AMERICAN ASSETS TRUST INC.
CVV CVD EQUIPMENT
MRUS MERUS B V
JELD JELD-WEN HOLDING INC.
GNTY GUARANTY BANCSHARES INC.
APPN APPIAN
NE.M.BA NEWMONT CORPORATION
GIM TEMPLETON GLOBAL INCOME FUND
BOTJ BANK OF THE JAMES FINANCIAL GROUP INC.
OPBK OP BANCORP
FUSB FIRST US BANCSHARES INC
TROX TRONOX HOLDINGS PLC
NGM NGM BIOPHARMACEUTICALS
TELA TELA BIO
PCB PACIFIC CITY FINANCIAL CORP
VOXX AUDIOVOX CORPORATION
BDTX BLACK DIAMOND THERAPEUTICS
GHY INC.
NKLA PRUDENTIAL GLOBAL SHORT DURATION HIGH YIELD FUND
HRMY INC.
RKT NIKOLA CORPORATION
DLHC HARMONY BIOSCIENCES HOLDINGS
CLNN ROCKET COMPANIES
COIN DALEIGH HOLDINGS CORP
TBBK CLENE INC
APLD COINBASE GLOBAL
EMO INC.
AUB THE BANCORP
VRT INC.
APPLIED BLOCKCHAIN INC
CLEARBRIDGE ENERGY MLP OPPORTUNITY FUND INC.
ATLANTIC UNION BANKSHARES CORP
VERTIV HOLDINGS CO
- Jonathan Moreland
HOMB HOME BANCSHARES INC.
ARCC ARES CAPITAL CORPORATION
SPOK SPOK HOLDINGS
HLNE HAMILTON LANE INCORPORATED CLASS A
NE.M.BA NEWMONT CORPORATION
PFIS PEOPLES FINANCIAL SERVICES CORP.
FGBI FIRST GUARANTY BANCSHARES
BSGM BIOSIG TECHNOLOGIES INC.
AZEK THE AZEK COMPANY
RPHM RENEO PHARMACEUTICALS
UPST INC.
TRST UPSTART HOLDINGS
RKT TRUSTCO BANK CORP NY
OPFI ROCKET SHARING COMPANY SPA
MDWT OPPFI INC
CASI MIDWEST HLDG INC
CASI PHARMACEUTICALS INC.
- Jonathan Moreland
WWD WOODWARD INC.
ULTA ULTA BEAUTY INC
SEE SEALED AIR CORPORATION
PDM PIEDMONT OFFICE REALTY TRUST INC. CLASS A
OSUR ORASURE TECHNOLOGIES INC.
NSIT INSIGHT ENTERPRISES INC.
IMMR IMMERSION CORP.
HOMB HOME BANCSHARES INC.
FCX FREEPORT-MCMORAN INC.
COMM COMMSCOPE HOLDING CO. INC.
CMRX CHIMERIX INC
CLMT CALUMET SPECIALTY PRODUCTS PARTNERS L.P.
ARCC ARES CAPITAL CORPORATION
ALV AUTOLIV INC.
AAT AMERICAN ASSETS TRUST INC.
DGICA DONEGAL GROUP INC. CL A
NATR NATURE'S SUNSHINE PRODUCTS INC.
NXRT NEXPOINT RESIDENTIAL TRUST INC.
SCOR COMSCORE INC.
SPOK SPOK HOLDINGS
FCAP FIRST CAPITAL INC.
VFC
GBDC V.F. CORPORATION
HLNE GOLUB CAPITAL BDC INC.
GRC HAMILTON LANE INCORPORATED CLASS A
NE.M.BA THE GORMAN-RUPP COMPANY
CCEL NEWMONT CORPORATION
GIM CRYO-CELL INTERNATIONAL
OPBK TEMPLETON GLOBAL INCOME FUND
PFIS OP BANCORP
FGBI PEOPLES FINANCIAL SERVICES CORP.
BSGM FIRST GUARANTY BANCSHARES
PCB BIOSIG TECHNOLOGIES INC.
VOXX PACIFIC CITY FINANCIAL CORP
GLT AUDIOVOX CORPORATION
RILY GLATFELTER CORPORATION
MPLN B. RILEY FINANCIAL
AZEK MULTIPLAN CORP CLASS A
PFX THE AZEK COMPANY
COIN PHENIXFIN CORP
RPHM COINBASE GLOBAL
DBRG INC.
UPST RENEO PHARMACEUTICALS
INAB INC.
SNAX DIGITALBRIDGE GROUP
RKT INC.
OPFI UPSTART HOLDINGS
CASI IN8BIO INC
STRYVE FOODS INC
ROCKET SHARING COMPANY SPA
OPPFI INC
CASI PHARMACEUTICALS INC.
- Sid Rajeev
- ACF Extractives
Silver Thematic ACF Equity Research 11082022
Silver (Ag) is half store of value and half industrial metal. A hawkish Federal Reserve and spiking bond yields will create significant headwinds for the Ag price 2H22E. Any expectations for global recession, leading to an industrial cycle downturn will also push the silver price down. In 2H22E we assess that both weakening industrial activity (>50% of global silver demand) and monetary policy trends will exert downward pressure on silver’s price. Beyond YE22E the physical silver supply deficit...
- Jay Turner
- Sean Sexton
- Jay Turner
- Sean Sexton
- Sid Rajeev
- Sid Rajeev
- Dave Nicoski
- Ross LaDuke
RNR RENAISSANCERE HOLDINGS LTD.
WYNN WYNN RESORTS LIMITED
T AT&T INC.
NWL NEWELL BRANDS INC
MRCY MERCURY SYSTEMS INC.
LVS LAS VEGAS SANDS CORP.
LLNW LIMELIGHT NETWORKS
K KELLOGG COMPANY
D DOMINION ENERGY INC
CPB CAMPBELL SOUP COMPANY
CLX CLOROX COMPANY
CAG CONAGRA BRANDS INC.
BMY BRISTOL-MYERS SQUIBB COMPANY
AEP AMERICAN ELECTRIC POWER COMPANY INC.
DRO DRONESHIELD
LMT LOCKHEED MARTIN CORPORATION
LW LAMB WESTON HOLDINGS INC.
ENR ENERGIZER HOLDINGS INC.
TDW TIDEWATER INC
AROC ARCHROCK INC.
NE.M.BA NEWMONT CORPORATION
IMUX IMMUNIC INC
TSE TRINSEO PLC
AMGN AMGEN INC
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.