Latest news with #RockcliffeCapital
Yahoo
a day ago
- Business
- Yahoo
Rockcliffe Capital Assigns a Strong Buy Rating on Agnico Eagle Mines (AEM)
Agnico Eagle Mines Limited (NYSE:AEM) is one of the best high growth stocks. On June 23, Rockcliffe Capital initiated coverage of AEM with a Strong Buy rating and a price target of $155, indicating a 25% upside potential. Agnico Eagle has shown remarkable operational discipline and reported record-breaking financial results this quarter, noted Felix Gelt, Managing Director of Research at Rockcliffe Capital. With Q1 net income surging to $815 million (134% yoy increase) and free cash flow of $594 million. Revenue rose approximately 35% to $2.47 billion, while a 10% drop in all-in sustaining costs improved profitability. The company generated over $1 billion in operating cash flow and reduced its net debt to just $5 million, backed by a cash reserve of $1.1 billion. A front loader and a white dump truck in a mine site. Photo by Ivan on Pexels Strategic investments in assets such as Detour Lake and Upper Beaver, alongside the O3 Mining acquisition, reflect Agnico's long-term growth agenda. Shareholder returns also remain a priority, with a $0.40 per share dividend and $50 million in buybacks this quarter. Rockcliffe Capital sees 25% upside potential for Agnico Eagle. However, the outlook is not without risks, including volatility in gold prices, possible project delays, and macroeconomic headwinds such as a rising US dollar or interest rates. Agnico Eagle Mines Limited (NYSE:AEM), headquartered in Toronto and incorporated in 1953, is a leading gold mining company focused on the exploration, development, and production of precious metals, including gold, silver, zinc, and copper. While we acknowledge the potential of AEM 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: and . Disclosure. None. Sign in to access your portfolio
Yahoo
22-07-2025
- Business
- Yahoo
UPDATE – Rockcliffe Capital Initiates Coverage on Agnico Eagle Mines Ltd. (TSX/NYSE: AEM) with a "Strong Buy" Rating and US$155 Price Target
TORONTO, June 23, 2025 (GLOBE NEWSWIRE) -- Rockcliffe Capital is pleased to announce today the initiation of equity research coverage on Agnico Eagle Mines Ltd. (TSX/NYSE: AEM), a premier senior gold mining company with operations spanning Canada, Finland, Australia, Mexico, and the U.S. Following rigorous financial and operational analysis, Rockcliffe Capital assigns Agnico Eagle a "Strong Buy" rating, alongside a 12-month price target of US$155, reflecting strong upside potential of approximately 25% from current market levels. 'Agnico Eagle has delivered extraordinary operating discipline and record earnings this quarter,' said Felix Gelt, Managing Director of Research at Rockcliffe Capital. 'With Q1 net income soaring to US$815 M—up 134% YoY—and free cash flow reaching US$594 M amid near-zero debt, Agnico offers both growth and balance sheet strength in the gold sector.' Investment Thesis Highlights: Earnings Powerhouse: Q1 2025 net income rose to US$815 million (US$1.62 EPS), a 134% YoY increase, driven by record operating margins from elevated gold prices. Revenue & Margin Strength: Q1 revenue climbed 34.9% YoY to US$2.468 billion, while all-in sustaining costs (AISC) dropped ~10% to US$1,183/oz, delivering a ~59% margin. Balance Sheet Resilience: Operating cash flow hit US$1.044 billion, free cash flow was US$594 million, enabling net debt to fall to just US$5 million, with cash reserves of US$1.138 billion. Strategic Growth Initiatives: Ongoing capital deployment into high-quality projects like Detour Lake, Upper Beaver, and the O3 Mining acquisition enhances reserve base and future production visibility. Shareholder Returns: Maintains a US$0.40/share quarterly dividend. NCIB buybacks of US$50 million executed in the quarter; the Board plans an expanded NCIB of up to US$1 billion. ESG Leadership: Released its 16th Sustainability Report highlighting best-in-class emissions intensity (0.38 tCO₂e/oz), US$1 billion Indigenous economic commitment, and sector-leading safety. Valuation & Target:Utilizing a disciplined valuation framework with a projected 2026 EV/EBITDA multiple of ~8× and P/E multiple of ~18×, Rockcliffe Capital derives a 12-month price target of US$155, equivalent to ~US$115/share, indicating ~25% upside from current levels. Risk Factors: Gold Price Volatility: A sustained decline in gold prices could compress margins and cash flow. Project Execution: Delays at key sites (e.g., underground transitions, permitting) could affect supply outlook. Macro Factors: A stronger U.S. dollar or higher real interest rates may weigh on gold sector valuations. About Rockcliffe Capital Research Rockcliffe Capital's Research Department provides institutional-grade equity research focused on growth-stage companies, public markets, and high-conviction investment themes. Through rigorous analysis, proprietary modeling, and deep sector insights, our research team supports investors, issuers, and strategic partners in identifying value and making informed decisions. Our coverage includes detailed valuation frameworks, peer comparisons, financial modeling, and ESG scorecards—delivering the intelligence that drives market leadership. Please contact research@ for access to our full research suite and initiation reports. Media Contact Rockcliffe Capital Research & Markets Division research@ +1 (416)-642-1967 This press release is for informational purposes only and does not constitute investment advice. Rockcliffe Capital and its affiliates may hold positions in the securities 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
Yahoo
10-07-2025
- Business
- Yahoo
Rockcliffe Capital Gives Shopify (SHOP) a Buy Rating
Shopify Inc. (NASDAQ:SHOP) is one of the 11 Best Foreign Stocks to Buy According to Hedge Funds. On June 19, Rockcliffe Capital initiated coverage on Shopify Inc. (NASDAQ:SHOP) and gave it a 'Buy' rating with a 12-month price target of $130. Felix Gelt, the Managing Director of Research at Rockcliffe Capital, noted that Shopify Inc. (NASDAQ:SHOP) offers a unique combination of software, e-commerce, and AI. This positions the company as an important platform for the future of global retail. An enthusiastic customer completing a purchase and receiving an order confirmation via one of the companies online sales channels. Gelt also pointed out that Shopify Inc.'s (NASDAQ:SHOP) steady growth, consistent free cash flow margins, and strong investments in AI 'make it a generational compounder.' Rockcliffe Capital's investment thesis highlighted that the company's revenue grew by 27% year-over-year in the first quarter of 2025 to reach $2.36 billion. This growth was driven by gross merchandise value (GMV) growth and strong performance in international markets. Shopify Inc. (NASDAQ:SHOP) also has a strong cash flow profile. The company's management expects a free cash flow margin to stay in the mid-teens for the second quarter. The research firm also noted that Shopify Inc. (NASDAQ:SHOP) is expected to benefit from AI and enterprise tailwinds. The company is introducing new AI tools, such as 'Sidekick.' Rockcliffe Capital expects new AI tools combined with accelerated enterprise adoption to drive next-phase monetization. Shopify Inc. (NASDAQ:SHOP) is a Canadian multinational commerce and financial technology company that offers a platform for e-commerce and a range of financial tools for merchants. While we acknowledge the potential of SHOP 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: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. 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
Yahoo
04-07-2025
- Business
- Yahoo
Agnico Eagle (AEM) Gets Strong Buy Rating from Rockcliffe
Agnico Eagle Mines Limited (NYSE:AEM) is one of the 10 Best Gold Stocks To Buy Right Now. On June 23, 2025, Rockcliffe Capital announced that it started covering Agnico Eagle Mines Limited (NYSE:AEM). The research firm gave Agnico Eagle Mines Limited (NYSE:AEM) a 'Strong Buy' rating and set a 12-month price target of C$155. A macro view of a gold mine, with miners hard at work in the foreground. Rockcliffe Capital highlighted the company's strong performance in Q1 2025. Agnico Eagle Mines Limited (NYSE:AEM) reported net income of US$815 million for the quarter, up 134% year-over-year. Free cash flow also reached US$594 million. Felix Gelt, Managing Director of Research at Rockcliffe Capital, noted that Agnico Eagle Mines Limited (NYSE:AEM) offers both strong growth and a solid balance sheet in the gold sector. The firm's investment thesis highlighted several key strengths including strategic growth projects. Agnico Eagle Mines Limited (NYSE:AEM) is investing in high-quality projects like Detour Lake, Upper Beaver, and the O3 Mining acquisition. These investments are expected to increase the company's reserves and future production visibility. Agnico Eagle Mines Limited (NYSE:AEM) is a Canadian-based gold mining company with operations in Canada, Australia, Finland, and Mexico. While we acknowledge the potential of AEM 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. Sign in to access your portfolio
Hamilton Spectator
24-06-2025
- Business
- Hamilton Spectator
Rockcliffe Capital Initiates Research Coverage on Wheaton Precious Metals Corp. (NYSE/TSX: WPM)
TORONTO, June 24, 2025 (GLOBE NEWSWIRE) — Rockcliffe Capital is pleased to announce today the initiation of equity research coverage on Wheaton Precious Metals Corp. (TSX/NYSE: WPM), the world's premier precious metals streaming company known for its top-tier asset portfolio, strong balance sheet, and robust cash flow generation. Following extensive operational and fundamental analysis, Rockcliffe Capital's research team highlights Wheaton's unique position in the global metals streaming sector, underpinned by a low- risk, high-return growth model and industry-leading margins. 'Wheaton delivers record financial results with exceptionally clean leverage and a rich growth runway,' said Felix Gelt, Managing Director of Research at Rockcliffe Capital. 'The Q1 beat — driven by $470 M in revenue, $254 M net earnings, and $361 M operating cash flow — underscores the strength of its streaming model and disciplined approach to capital deployment.' Investment Thesis Highlights: Valuation & Target: Rockcliffe Capital's internal base-case scenario supports a 12-month share price target of US$155, reflecting 2026 estimated valuation multiples of 18–20× forward earnings and 12–14× EV/FCF. This view reflects Wheaton's forecast margin expansion, low capital intensity, and a strong path to cash accretion from its next wave of producing assets. Risk Factors: About Rockcliffe Capital Rockcliffe Capital's Research Department provides institutional-grade equity research focused on growth-stage companies, public markets, and high-conviction investment themes. Through rigorous analysis, proprietary modeling, and deep sector insights, our research team supports investors, issuers, and strategic partners in identifying value and making informed decisions. Our coverage includes detailed valuation frameworks, peer comparisons, financial modeling, and ESG scorecards—delivering the intelligence that drives market leadership. Please contact research@ for access to our full research suite and initiation reports. Media Contact Rockcliffe Capital Research & Markets Division research@ +1 (416)-642-1967 This press release is for informational purposes only and does not constitute investment advice. Rockcliffe Capital and its affiliates may hold positions in the securities mentioned.
