
Snowflake price target raised to $250 from $220 at Jefferies
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Bloomberg
2 hours ago
- Bloomberg
AGF Seeks Stability With Goldring Taking Over After CEO's Death
Analysts are mourning the sudden death of Kevin McCreadie, AGF Management Ltd. 's chief executive officer, and praised the asset manager for swiftly enacting its succession plan. President Judy Goldring assumed the CEO role on Thursday, which should ensure continuity at the firm, Jefferies analyst Aria Samarzadeh wrote in a note. Goldring has extensive experience in the organization and is 'well known and respected by the Street,' he said. The Goldring family controls AGF.
Yahoo
4 hours ago
- Yahoo
Jefferies Raise Franco-Nevada (FNV) PT, Keeps Hold Rating
Franco-Nevada Corporation (NYSE:FNV) is one of the 10 Best Gold Stocks To Buy Right Now. On May 28, Jefferies analyst Christopher LaFemina raised the price target on Franco-Nevada Corporation (NYSE:FNV) to $171 from $169 and kept a 'Hold' rating. This adjustment came after a detailed review of Franco-Nevada Corporation's (NYSE:FNV) recent $1 billion acquisition of the Cote Gold royalty and other factors that could affect the company's financial model. An aerial view of a large gold mine showing the extensive activity of natural resource extraction. The analyst pointed out that investors responded positively to the Cote Gold acquisition because of its large size. Deals of this size are rare in the royalty or streaming business. Additionally, the deal is generating cash flow and there is potential for exploration and throughput increases in the future. However, the feedback for investors did bring about some concerns about the cost of this deal. LaFemina's analysis of net present value (NPV) and internal rate of return (IRR) suggests that Franco-Nevada Corporation (NYSE:FNV) may have paid too much for this deal. Franco-Nevada Corporation (NYSE:FNV) is a leading gold-focused royalty and streaming company that is based in Canada. While we acknowledge the potential of FNV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None.
Yahoo
4 hours ago
- Yahoo
Jefferies Upgrades Kinross Gold (KGC) to Buy, Raises PT
Kinross Gold Corporation (NYSE:KGC) is one of the 10 Best Gold Stocks To Buy Right Now. On June 26, Jefferies upgraded Kinross Gold Corporation (NYSE:KGC) from a 'Hold' rating to a 'Buy' rating and also raised the price target from $14 to $18. The main reason for this upgrade is the company's strong projected free cash flow yield for 2025 and 2026. Jefferies pointed out that this distinguishes Kinross Gold Corporation (NYSE:KGC) from other major gold producers and also allows for increased share buybacks. Aerial shot of a mine entrance, the bedrock of the company's gold and silver extraction. Jefferies believes the company can repurchase around 11% of its market value during 2025 and 2026. This shows that Kinross Gold Corporation (NYSE:KGC) has a strong financial position and is focused on returning value to shareholders. The research firm also highlighted Kinross Gold Corporation's (NYSE:KGC) strong production outlook. The company aims to produce about 2 million ounces of gold in 2026. Jefferies believes this is a clear and achievable target. Additionally, the firm mentioned the potential for resource growth at Kinross Gold Corporation's (NYSE:KGC) Great Bear project. This further supports the bullish stance. Kinross Gold Corporation (NYSE:KGC) is a senior gold mining company with operations and projects in the US, Brazil, Mauritania, Chile and Canada. While we acknowledge the potential of KGC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data