1-800-Flowers.com (FLWS) – Another Quarter Of Enhanced Growth; Raising Target

Friday, October 30, 2020

1-800-Flowers.com (FLWS)

Another Quarter Of Enhanced Growth; Raising Target

1-800-FLOWERS.COM, Inc. is the leading provider of gourmet and floral gifts for all occasions. For nearly 40 years, 1-800-FLOWERS® has been helping deliver smiles for customers with gifts for every occasion, including fresh flowers, premium, gift-quality fruits, and other gourmet items from Harry & David®, popcorn and specialty treats from The Popcorn Factory®; cookies and baked gifts from Cheryl’s®; premium chocolates and confections from Fannie May®; gift baskets and towers from 1-800-Baskets.com®; premium English muffins and other breakfast treats from Wolferman’s; carved fresh fruit arrangements from FruitBouquets.com; and top quality steaks and chops from Stock Yards®. The Company’s BloomNet® international floral wire service provides a broad range of quality products and value-added services designed to help professional florists grow their businesses profitably.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Exceeds Q1 expectations. Fiscal Q1 end September 30 revenues increased a strong 51.6% to $283.9 million, above our $263.4 million expectation. The largest upside revenue variance was in its consumer floral division. The company continues to enjoy enhanced revenue growth due to strong ecommerce sales. Adjusted EBITDA from continuing operations was better than expected, $3.2 million versus our estimate of $0.2 million.

    Strong consumer floral and ecommerce.  Ecommerce revenues increased a strong 85.1% in the quarter, with 1800Flowers’ consumer floral brand increasing revenues 55%. We believe that the company expanded its market leading position in the space. Certainly revenue growth is sequentially decelerating from the extraordinary impact that the Covid pandemic has had on its ecommerce business …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Coeur Mining (CDE) – Soaring Past Third Quarter Expectations

Friday, October 30, 2020

Coeur Mining (CDE)

Soaring Past Third Quarter Expectations

Coeur Mining Inc is a metals producer focused on mining precious minerals in the Americas. It is involved in the discovery and mining of gold and silver and generates the vast majority of revenue from the sale of these precious metals. The operating mines of the company are palmarejo, rochester, wharf, and kensington. Its projects are located in the United States, Canada and Mexico, and North America.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    CDE reports third quarter 2020 earnings. On an adjusted basis, the company reported third quarter earnings of $38.2 million, or $0.16 per share compared to a loss of $5.3 million, or $(0.02) per share, during the prior year period and our estimate of $0.03. The variance to our estimate was due to higher production and lower costs. Third quarter adjusted EBITDA amounted to $90.8 million. Excluding adjustments, including expenses related to COVID-19 mitigation, earnings per share amounted to $0.11, while EBITDA were $77.3 million. Third quarter cash flow from operations increased to $79.5 million from $52.9 million during the prior year period, while free cash flow increased to $56.5 million from $11.3 million.

    Updating estimates.  Coeur forecasts 2020 gold production to be in the range of 334.5 to 368.0 thousand ounces (up from 327.0 to 363.0 thousand) and silver production in the range of 9.1 to 10.7 million ounces (down from 9.5 to 11.5 million). We are increasing our 2020 and 2021 EPS estimates to $0.30 and $0.55 from $0.07 and $0.28, respectively. The revisions are largely based on higher production …



This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Release – Barksdale Resources Corp. (BRKCF) – Acquires Historic Sunnyside Drill Core

 

Barksdale Acquires Historic Sunnyside Drill Core

 

VANCOUVER, BC / ACCESSWIRE / October 30, 2020 / Barksdale Resources Corp. (“Barksdale” or the “Company“) (TSXV:BRO)(OTCQB:BRKCF) is pleased to announce that it has executed an agreement to acquire historic diamond drill core from ASARCO Ltd, a wholly owned subsidiary of Grupo Mexico, in exchange for 25,000 common shares of Barksdale.

ASARCO controlled portions of the Sunnyside property between the 1940’s and early 2000’s and, over that time period, conducted several exploration drilling programs that focused on exploring for near-surface copper targets such as supergene blankets and breccia pipes as well as deeper porphyry and skarn mineralization. While Barksdale currently has a significant inventory of historic drill cores at its storage facility near Patagonia, Arizona, at least 6,000 meters (~20,000 ft) of remaining drill cores that were completed by ASARCO are currently stored at the Mission copper mine in Arizona. Barksdale will provide a full inventory of the acquired drill cores once they are safely moved to the Company’s core storage facilities. Closing of the acquisition is anticipated to take place on or about November 2, 2020.

Technical information in this news release has been reviewed and approved by Lewis Teal, senior consultant to the company and a qualified person as defined under National Instrument 43-101.

Barksdale Resources Corp. is a base metal exploration company headquartered in Vancouver, BC, that is focused on the acquisition, exploration and advancement of highly prospective base metal projects in North America. Barksdale is currently advancing the Sunnyside copper-zinc-lead-silver and San Antonio copper projects, both of which are in Patagonia mining district of southern Arizona, as well as the San Javier copper-gold project in central Sonora, Mexico.

ON BEHALF OF BARKSDALE RESOURCES CORP.

Rick Trotman
President, CEO and Director
Rick@barksdaleresources.com

Terri Anne Welyki
Vice President of Communications
778-238-2333

TerriAnne@barksdaleresources.com

For more information please phone 778-238-2333, email info@barksdaleresources.com or visit www.BarksdaleResources.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 news release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes “forward-looking information” under applicable Canadian securities legislation, such as the anticipated closing date of the acquisition. Such forward-looking information reflects management’s current beliefs and are based on a number of estimates and assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information are neither promises nor guarantees, and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. In addition, there is uncertainty about the spread of COVID-19 and the impact it will have on the Company’s operations, supply chains, ability to access mineral properties, conduct due diligence or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. All forward-looking information contained in this news release is qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. Accordingly, readers should not place undue reliance on forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: Barksdale Resources Corp.

Kratos Defense And Security (KTOS) – Momentum Continues to Build; Exceeds 3Q Consensus Estimates

Friday, October 30, 2020

Kratos Defense & Security (KTOS)

Momentum Continues to Build; Exceeds 3Q Consensus Estimates

Kratos Defense & Security Solutions is a National Security technology provider with proprietary expertise in the area of unmanned aerial vehicles, electronics for missile defense systems, electronic warfare systems, satellite control and management systems and support services for emerging naval weapon systems. Commercial and state and local government revenues are about 25% of the total and comprise primarily of critical infrastructure monitoring and protection systems.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    3Q20 Results. Revenue of $202 million and adjusted EPS of $0.14 topped consensus estimates of $199.7 million and $0.09, respectively. We had projected $205 million and $0.07, respectively. In the third quarter last year, KTOS reported revenue of $184.1 million and adjusted EPS of $0.13. Adjusted EBITDA came in at $24.6 million, up 20.6% y-o-y. Revenues were in the middle of management’s guidance range while adjusted EBITDA exceeded the $17-$20 million guide.

    Program Momentum.  As we have outlined in previous reports, Kratos continues to pick up momentum among a number of programs. Key highlights in the quarter include going to full rate production on the BQM-177A Subsonic Aerial Target for the U.S. Navy, securing a contract to support the U.S. Air Force’s Ground Based Strategic Deterrent (GBSD) program as part of the team led by Northrop Grumman, and …



This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

The GEO Group, Inc. (GEO) – Another Solid Quarter in the Face of Covid Challenges

Friday, October 30, 2020

The GEO Group, Inc. (GEO)

Another Solid Quarter in the Face of Covid Challenges

With over 94,000 beds owned, leased or managed across its business lines and serving over 260,000 people daily, GEO is a leading provider of mission critical real estate to its governmental partners. The Company is the first fully integrated equity REIT specializing in the design, financing, development, and operation of secure facilities, processing centers, and community reentry centers in the U.S., Australia, South Africa, and the U.K.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    3Q20 Results. GEO reported third quarter revenue of $579.1 million, EPS of $0.33, and AFFO of $0.67 per share. In the same period last year, the Company reported revenue of $631.6 million, EPS of $0.39, and AFFO of $0.72. While above management expectations, results continue to be negatively impacted by the COVID crisis, which reduced populations and increased costs. We had estimated revenue of $580 million, EPS of $0.27, and AFFO of $0.60.

    New Awards.  In spite of COVID and political rhetoric, GEO continues to receive new awards. Interestingly, the BoP reversed its stance to close the D. Ray James facility by the end of September and instead entered into a four month extension with GEO. The USMS is taking over the Eagle Pass facility. An ICE annex was activated in the third quarter, another will be activated in the fourth and …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

How Will Remote Working Change After the Pandemic?

 

Zoomtowns: Your Vacation Getaway May Become Your New Home

 

Are home offices moving to even more remote locations? Everyone is aware that the pandemic has changed the way people work and live. Workers spend less time commuting to a central work place, and video meetings, often Zoom meetings, have replaced conference room meetings. People who didn’t know what Zoom was in 2019 have now become proficient in its operations. It would be easy to think that the shift is temporary, and things will go back to normal once the pandemic passes. This may not be the case. Management of companies has learned that employees can be just as effective (in many cases more effective) working from home.  While Zoom type meetings will never replace face-to-face meetings entirely, it’s very probable that many businesses will permanently become a combination of an in-office and work-from-home operation.

Adjusting

Employees have already begun adjusting to the change. If they are going to work from home, they want a high functioning home office setting. Working from the kitchen table may have been fine to finish up a late-night report, but it won’t work for an important teleconference meeting.  People want offices with doors they can close to assure some level of privacy. The result has been a run on home office furniture and equipment.  Forget paper towels. The new work-at-home employee wants a printer!

The new household are adding more entertainment options since restaurants, movies, theaters, and concerts are limited. It is easier to justify that extra cable or internet channel when less is being spent on other restorative activities. Games and puzzles have become popular again. The same can be said about exercise equipment. There are currently long wait times for trying to buy a treadmill to be delivered to their house. Bikes, roller skates and skateboards are in high demand. People are cooking more, shopping for specific pots and pans is uncovering shortages.

The pandemic is not only changing how people live within their home, it’s changing their home. People are adding additions, putting in swimming pools and spending money on landscaping. Existing and new home sales are soaring as people move to bigger, nicer homes. New homes are being built farther and farther away from urban centers as they commute less. Vacation homes are becoming more popular. People want to live in areas with nicer views. “Zoomtowns” near lakes and rivers or golf courses or mountains are exploding.

Zoomtowns

If you are not familiar with the term Zoomtown, be prepared to see it more often. NPR’s Planet Money defines Zoomtowns as housing markets that are booming as remote work takes off. Zoomtowns are spreading not only because of a decrease in commuting but also a decrease in entertainment venues associated with urban living. To quote Forbes, “your vacation getaway may be your next home.” People want more space because of the virus and that means getting away from crowded cities.

A paper published in the Journal of the American Planning Association shows that Zoomtown populations were already growing before COVID-19 hit. The study identified 1,522 small towns that were withing 10 miles of a national park, monument, forest, lake, or river, and at least 15 miles from a census-designated area. It then compared the growth rate of these towns versus the national average.  The popularity of Zoomtowns most likely reflects an increase in disposable income for the wealthy following the rise in the market, a tax decrease and sustained low interest rates.

The sudden boom in zoomtowns comes with the usual growing pains. Healthcare options are ill equipped to handle a larger, older population. Restaurants become overrun and stores providing necessities are rare. Staff is limited and often migratory. There is a lack of inexpensive housing for workers. Jonathan Thompson, a contributor to Writers on the Range, refers to the wave of urban workers moving to Zoomtowns as COVID migrants. Costs are rising quickly. As the exodus to Zoomtowns spreads, the towns are becoming denser, threatening the very reason people moved to these locations in the first place. That will only raise the value of undeveloped areas near natural beauty that could become the next Zoomtown.

Investment Play?

Investors can play the growing popularity of Zoomtowns in many ways. There will be increased need for cellular and internet services. Recreational equipment associated with water or golf courses will become more popular. General stores focused on rural areas should do well. Rural construction companies will see increased business. And of course, the Zoomtown could not exist without media companies like Zoom, Cisco Webex, GoToMeeting, Google Hangouts, etc.

 

Suggested Reading:

Which Stocks Do Well After a Presidential Election

Fintech Pirates are Looting Unsuspecting Trading Accounts

Many Investors are Keeping Their Powder Dry

 

Each event in our popular Virtual Road Shows Series has a maximum capacity of 100 investors online. To take part, listen to and perhaps get your questions answered, see which virtual investor meeting intrigues you here.

 

Sources:

https://www.msn.com/en-us/money/smallbusiness/zoom-towns-are-exploding-in-the-west/ar-BB1a7IHq, Lilly Smith, Fast Company, October 17, 2020

https://health.clevelandclinic.org/heres-how-the-coronavirus-pandemic-has-changed-our-lives/, Cleveland Clinic, September 25, 2020

https://sonomasun.com/2020/04/08/four-ways-the-current-pandemic-has-changed-everyday-life/, Sonoma Valley Sun, April 8, 2020

https://www.forbes.com/sites/irenelevine/2020/09/15/zoom-towns-why-your-last-vacation-getaway-may-be-your-next-home/#7387273b3ad3, Irene S. Levine, Forbes, September 15, 2020

https://phys.org/news/2020-10-towns-rural-west.html, Lisa Potter, University of Utah, October 15, 2020

https://lasvegassun.com/news/2020/oct/14/zoom-towns-covid-19-shaping-population-trends/, Jonathan Thompson, Las Vegas Sun, October 14, 2020

Release – Dyadic (DYAI) – To Report Third Quarter 2020 Financial Results on Thursday November 12, 2020

Dyadic to Report Third Quarter 2020 Financial Results on Thursday, November 12, 2020

 

JUPITER, FL / ACCESSWIRE / October 29, 2020 / Dyadic International, Inc. (“Dyadic”) (NASDAQ:DYAI), a global biotechnology company focused on further improving and applying its proprietary C1 expression system to speed up the development, lower production costs and improve the performance of biologic vaccines and drugs at flexible commercial scales, today announced that it will report its financial results for quarter ended September 30, 2020 after the market close on Thursday, November 12, 2020 and it will host a conference call that day at 5:00 p.m. Eastern Time to discuss those results.

Conference Call Information

Date: Thursday, November 12, 2020

Time: 5:00 p.m. Eastern Time

Dial-in numbers: (877) 407-8033 (U.S. or Canada) or +(201) 689-8033 (International)

No pass code is needed

Webcast Link: https://www.webcaster4.com/Webcast/Page/2031/38362

An archive of the webcast will be available approximately three hours after completion of the live event and will be accessible on the “Investors” section of the Company’s website at http://www.dyadic.com. To access the replay of the webcast, please follow the Webcast link above. A dial-in replay of the call will also be available to those interested. To access the replay, please dial 1 (877) 481-4010 (U.S. or Canada) or 1 (919) 882-2331 (International) and enter replay pass code: 38362.

About Dyadic International, Inc.

Dyadic International, Inc. is a global biotechnology company which is developing what it believes will be a potentially significant biopharmaceutical gene expression platform based on the fungus Thermothelomyces heterothallica (formerly Myceliophthora thermophila), named C1. The C1 microorganism, which enables the development and large scale manufacture of low cost proteins, has the potential to be further developed into a safe and efficient expression system that may help speed up the development, lower production costs and improve the performance of biologic vaccines and drugs at flexible commercial scales. Dyadic is using the C1 technology and other technologies to conduct research, development and commercial activities for the development and manufacturing of human and animal vaccines and drugs, such as virus like particles (VLPs) and antigens, monoclonal antibodies, Fab antibody fragments, Fc-Fusion proteins, biosimilars and/or biobetters, and other therapeutic proteins. Certain other research activities are ongoing which include the exploration of using C1 to develop and produce certain metabolites and other biologic products. Dyadic pursues research and development collaborations, licensing arrangements and other commercial opportunities with its partners and collaborators to leverage the value and benefits of these technologies in development and manufacture of biopharmaceuticals. In particular, as the aging population grows in developed and undeveloped countries, Dyadic believes the C1 technology may help bring biologic vaccines, drugs and other biologic products to market faster, in greater volumes, at lower cost, and with new properties to drug developers and manufacturers, and improve access and cost to patients and the healthcare system, but most importantly save lives.

Please visit Dyadic’s website at http://www.dyadic.com for additional information, including details regarding Dyadic’s plans for its biopharmaceutical business.

Safe Harbor Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding Dyadic International’s expectations, intentions, strategies and beliefs pertaining to future events or future financial performance. Actual events or results may differ materially from those in the forward-looking statements as a result of various important factors, including those described in the Company’s most recent filings with the SEC. Dyadic assumes no obligation to update publicly any such forward-looking statements, whether as a result of new information, future events or otherwise. For a more complete description of the risks that could cause our actual results to differ from our current expectations, please see the section entitled “Risk Factors” in Dyadic’s annual reports on Form 10-K and quarterly reports on Form 10-Q filed with the SEC, as such factors may be updated from time to time in Dyadic’s periodic filings with the SEC, which are accessible on the SEC’s website and at http://www.dyadic.com.

Contact:

Ping W. Rawson
Chief Financial Officer
Phone: (561) 743-8333
Email: mailto:prawson@dyadic.com

SOURCE: Dyadic International, Inc.

Release – Palladium One Mining (NKORF) – Seeks Trading On OTCQB Venture Market

 

Palladium One seeks trading on OTCQB Venture Market

 

October 29, 2020 – Toronto, Ontario – An application for trading in the United States on the OTCQB Venture Market and in conjunction, DTC eligibility is being applied for, said Palladium One Mining Inc. (TSX-V: PDM, FRA: 7N11, OTC: NKORF) (the “Company” or “Palladium One”).

“Providing broader and more efficient access for US investors to participate in our recent discovery success, will enhance our shareholder base as palladium demand continues to exceed supply for the 9th year in a row. Our LK PGE-copper-nickel project, located in Finland, is consistently demonstrating that it hosts a large-scale, shallow, mineralized system. Timing is ideal, to provide US investors with more efficient investment access.” stated Derrick Weyrauch, President and CEO.

Application to trade on the OTCQB

The application to trade on the OTCQB is anticipated to provide greater liquidity and a more seamless trading experience for existing U.S. shareholders and potential new investors. Approval for trading on OTCQB would also provide exemptions from the U.S. state securities laws or “blue sky” exemptions which may help to further increase liquidity and expand the ability of investment advisors’ to research and recommend investment in Palladium One.

Application for DTC Eligibility

In conjunction with its OTCQB application, the Company is also applying for approval from the Depository Trust Company (DTC) to make the Company’s common shares eligible to clear electronically and settle through DTC. This approval would further facilitate trading in the United States.

Equity Research Coverage by Noble Capital Markets

The Company is pleased to announce that it has entered into an equity research agreement (the “Agreement”) with Noble Capital Markets (“Noble”), a Florida corporation. Noble is a FINRA and SEC registered broker dealer.

Noble’s research department has been following the Company, gaining extensive knowledge about the Company’s business and assets. Noble has the capacity, knowledge and experience to assist Palladium One by building greater awareness of Palladium One in the investment community through continued monitoring, and through the publication of research reports on the Company’s business, securities, and financial position, and on the economic and geopolitical events affecting the Company’s business, that Noble believes will be relevant to the investment community’s perception and assessment of the Company. The Company expects that Noble’s services will be supportive of its future capital markets transactions, capital markets structuring, long-range planning, and growth.

Under the terms of the Agreement, Noble will produce at least four equity research reports on the Company and its securities for each year during the term of the Agreement. Noble will distribute these reports to the investment community through proprietary contacts, research aggregators and on an investment portal.

The Agreement will run for an initial one-year term, subject to extension, effective as of September 1, 2020. In consideration for the services provided by Noble, the Company has agreed to pay a quarterly cash fee of US$11,250 for one-year.

Palladium One and Noble are not related, and Noble does not have any direct or indirect interest in the Company or its securities or any right or intent to acquire Company securities. The Agreement, and the performance of Noble’s services under the Agreement, are subject to TSX Venture Exchange acceptance, and to compliance with all applicable regulatory requirements.

About Palladium One

Palladium One Mining Inc. is an exploration company targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Finland and Canada. Its flagship project is the Läntinen Koillismaa or LK Project, a palladium-dominant platinum group element-copper-nickel project in north-central Finland, ranked by the Fraser Institute as one of the world’s top countries for mineral exploration and development. Exploration at LK is focused on targeting disseminated sulfides along 38 kilometers of favorable basal contact and building on an established NI 43-101 open pit resource.

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director

For further information contact:
Derrick Weyrauch, President & CEO
Email:
info@palladiumoneinc.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company’s expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

Which Stocks Do Well After A Presidential Election?

 

The Election May be the Reason Smaller Stocks are Doing Better

 

The stock market is forward-looking. It trades on expectations of future values based on a world of information and investors all trying to maximize return. We’re approaching the end of October, the beginning of the holiday season, and soon the beginning of a new year. All of these have their own impact on market behavior. We will also be experiencing a U.S. Presidential election next week; this has its own set of probabilities and behavior that traders need to be aware of.

The nature of the stock market to be forward-looking may explain the winning and losing sectors month-to-date. The NASDAQ, despite all of its resilience this year, is down 1.6%. The Dow Industrials and the S&P 500 are also down for the month. The Dow by 4.8% and the S&P 500 by 2.5%. The one major index which is up is the Russell 2000. So far, in October, this small-cap index has gained 1.2%. The strength of small-cap stocks may have a lot to do with market participants looking forward to history repeating after election day.

The Data

The average return for small-cap stocks, the year following a presidential election, for the past 40 years, is 17.48%. Looking back, the least the Russell 2000 returned during these years was 2.03% (1981), the most 38.82% (2017). The major large-cap indexes don’t have this level of consistency; they also fall short in performance by a few full percentage points.  This begs the questions: Why would smaller companies outperform after a presidential election and more relevant, are they likely to outperform again next year?

Why the Outperformance?

After voters decide on who will be their President, there is a renewed focus on domestic issues that had a reduced priority during the Presidential race. The noise and distraction of political gamesmanship become severely reduced after the contest(s). Elected officials get back to their To-Do list. These lists usually include providing a positive environment for businesses and workers. For example: In 2021, we’re likely to see work on tax and trade policies, health care reform, hearings on big tech oversight, and overall creating an environment where jobs are created. 

Large multinational companies don’t benefit as directly as smaller companies in the U.S. are more likely to feel an immediate positive impact that is focusing on domestic issues has since they have a much higher percentage of their business conducted in North America.

But now there’s a growing chorus on Wall Street calling for a leadership change. Earnings drive stock prices long term, and small-cap earnings estimates are improving faster than those for large-caps. Add cheaper valuations and the relative reward for small-caps looks even better. – Barron, August 14, 2020

 

S&P 500 vs. Russell 2000 10/22/15-10/27/20

Will the Streak Continue in 2021?

Market cap weighted indexes like the S&P 500 and tech heavy indexes like the NASDAQ 100 are heavily influenced by FAANG stocks. These stocks have had an amazing ride in 2020 because of lockdowns. Their strength and their increased weighting created a strong updraft for the NASDAQ and S&P 500 indexes, which are positive on the year. By contrast, the popular index of America’s small-cap companies, the Russell 2000, is down 6.3% YTD. So, in addition to four decades of market history placing odds on the side of small domestic companies with less overseas exposure, small-cap stocks are also less than one week until the election and are more attractively priced after falling out of favor. 

The run-up we’ve had in big tech and other large-caps is part of a cycle and won’t last forever. Any possible rotation into small-caps was derailed with COVID’s impact and the distractions of an election year which included impeaching a U.S. President. The potential for outperformance on those facts is strong, add to it a weakening dollar (vs. Euro) and companies with a high percentage of their business dealings done domestically also face a tailwind.

Some strategists think 2021 might finally be the time for the Davids of the market to start outperforming the massive Goliaths of tech. – CNN Business, September
18, 2020

In addition to the post-election year probabilities of this group outperforming, the odds are also in their favor as GDP just posted a strong positive performance. This record growth signals an end to the recession. In an interview Michael Binger, President of Gradient Investments, had on CNBC’s 
Trading Nation said: “When you look historically, as the economy comes out of a recession — and we’re certainly going to be in a recession after the second quarter — small-caps have outperformed large caps in nine out of the last 10 economic downturns after the economy came out of the downturns. So, I think you have history on your side.”

Take-Away

Is outperformance by small-cap stocks a slam-dunk next year? The investment markets never provide a future slam-dunk possibility without caveats. There are a lot of other moving parts to consider. Analysis of the markets do, however, provide higher and lower probability of outcomes. Armed with the history of this sector in post-election years, post-recession years, with a weakening dollar, and after large-caps ran so far, I’d place this scenario in the perfect storm category for small-caps to recover relative lost performance ground in the coming year. And, possibly much more than just lost ground.

 

Suggested Reading:

U.S. Debt as a
Percentage of GDP

Small-cap Stocks are Looking Better for Investors

Investment Barriers Once Seen as Insurmountable are Falling Fast

 

Enjoy Premium Channelchek Content at No Cost

 

Each event in our popular Virtual Road Shows Series has maximum capacity of 100 investors online. To take part, listen to and perhaps get your questions answered, see which virtual investor meeting intrigues you here.

 

Sources:

Investing in
Small-Caps after an Election Year, CNN

Pick up Some Values in Small-Cap Stocks, Kiplinger

Small-Cap Stocks Could Keep Rising

Small-caps Historically Outperform After Recessions

Small-cap and Emerging Market Favored in Post COVID Era

The Most Popular Small-cap Index Isn’t the Best, Morningstar

Stock Market Returns

Russell 2000 History

Orion Group Holdings (ORN) – Another Strong Quarter – Concrete Pours It In

Thursday, October 29, 2020

Orion Group Holdings (ORN)

Another Strong Quarter – Concrete Pours It In

Orion Group Holdings, based in Houston, Texas, is a specialty construction company within the Marine and Industrial Construction sectors, with operations focused in the continental United States and Caribbean. Revenue is split roughly 50/50 between a Marine Construction segment that provides marine facility, pipeline and structural construction services and a Commercial Concrete segment that provides turnkey concrete services in the light commercial and structural construction markets.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Another strong quarter driven by solid execution, especially in Concrete. 3Q2020 gross profit of $22.5 million and adjusted EBITDA of $17.0 million easily beat our estimates of $17.7 million and $10.2 million, respectively. Revenue was 10% higher than expected, and gross margin of 11.9% and EBITDA margin of 9.0% were ~220-310 basis points better than our estimates. Concrete profitability was strong for the second consecutive quarter and Marine profitability remained elevated due to strong execution and solid equipment utilization.

    Today’s 3Q2020 call at 10am EST should be well received.  Call number is 201-493-6739 and code is Orion Group Holdings. We will be looking for color on the call in several key areas: Corpus Christi accident update, including liability insurance coverage; extent of emergency work on Pier 58 in Seattle; tone of 4Q2020 bidding activity in both sectors; low bids pending award and backlog outlook given …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

ACCO Brands Corporation (ACCO) – Post Call Commentary and Updated Models

Thursday, October 29, 2020

ACCO Brands Corporation (ACCO)

Post Call Commentary and Updated Models

ACCO Brands Corporation designs, manufactures, sources, markets, and sells office products, academic supplies, and calendar products primarily in the United States, Canada, Northern Europe, Brazil, Australia, and Mexico. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers office products, such as stapling, binding and laminating equipment, and related consumable supplies, as well as shredders and whiteboards; and academic products, including notebooks, folders, decorative calendars, and stationery products. It also provides private label products, as well as business machine maintenance and repair services. The company offers its business, academic, and calendar product lines under the Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra, Wilson Jones, and other brand names. In addition, it designs, sources, distributes, markets, and sells accessories for laptop and desktop computers, and tablets comprising security products; input devices, such as presenters, mice, and trackballs; ergonomic aids, including foot and wrist rests; docking stations; and other personal computers and tablet accessories under the Kensington, Microsaver, and ClickSafe brand names. The company sells its products to consumers and commercial end-users primarily through resellers, including traditional office supply resellers, wholesalers, mass merchandisers, and retailers, as well as directly to consumers through on-line and direct mail. ACCO Brands Corporation is headquartered in Lake Zurich, Illinois.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Ongoing COVID Impacts. COVID-19 continued to make its presence felt in ACCO’s third quarter. Continuing work from home arrangements, high unemployment, and low business confidence negatively impacted the commercial side of the business in many geographies, while delayed and/or remote learning impacted the back-to-school season. In fact, management estimated that some 70% of all U.S. students were remote learning and back-to-school sales declined approximately 5% year-over-year in the second and third quarters combined.

    But New Products and Categories Continue to Shine.  Kensington saw its revenues more than double year-over-year due to a large computer accessories contract. Demand for TruSens air purifiers continues to be strong. In EMEA, shredders, air purifiers, DIY tools, and computer accessories all showed growth …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Newrange Gold (NRGOF)(NRG:CA) – Will Drilling at Good Hope Represent an Inflection Point?

Thursday, October 29, 2020

Newrange Gold (NRGOF)(NRG:CA)

Will Drilling at Good Hope Represent an Inflection Point?

As of April 24, 2020, Noble Capital Markets research on Newrange Gold is published under ticker symbols (NRGOF and NRG:CA). The price target is in USD and based on ticker symbol NRGOF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target.

Newrange Gold Corp is an exploration stage company focused on acquiring and exploring exploration and evaluation assets in Colombia and the United States. The Company operates in a single reportable operating segment-the acquisition, exploration, and development of mineral properties. Some of the projects acquired by the company are Pamlico gold project in Nevada and Rocky mountain project in Colorado. The company also holds an interest in the Yarumalito property, El Dovio property and Anori property in Colombia.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Preparing to drill at Good Hope. Newrange Gold has received all necessary permits and started road and site construction to begin drilling at the Good Hope mine. Recall that Newrange Gold’s underground mapping and channel sampling program at Good Hope identified a large zone of contiguous oxide gold mineralization near surface. Drilling is expected to start on or before November 1 with at least 7 drill holes planned.

    Reason for optimism.  Underground mapping and sampling on and between several levels of the Good Hope mine revealed high-grade gold mineralization and displayed positive signs of continuity. Based on the results, we think the Good Hope mine offers a strong probability of positive outcomes from the drilling program …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Release – U.S. Gold Corp. (USAU) – U.S. Gold Corp. Announces Maggie Creek Exploration Update

U.S. Gold Corp. Announces Maggie Creek Exploration Update

 

  • High potential Nevada exploration project on the Carlin Trend
  • Project has similar geological features as and in close proximity to Newmont’s Gold Quarry mine

ELKO, Nev., Oct. 28, 2020 /PRNewswire/ — U.S. Gold Corp. (Nasdaq: USAU) (the “Company”) a gold exploration and development company, is pleased to announce its potential future Maggie Creek exploration plans for the project on the Carlin Trend in Nevada.

The Maggie Creek Project is located in the heart of the Carlin Trend, immediately adjacent to Newmont’s (NYSE: NEM) 26-million-ounce Gold Quarry mine. The Project occurs along the northeast projection of the Gold Quarry fault zone, which is an important mineralizing control at the Gold Quarry mine, indicating the potential to discover Carlin style gold deposits. The recent discoveries at Carlin (Leeville) and Gold Quarry (Chukar) demonstrate the potential for high-grade deposits at depth, which are mostly untested at Maggie Creek. Newmont’s Rainbow deposit occurs immediately south of the Maggie Creek project boundary. U.S. Gold Corp. has an option to earn up to 70% of the Maggie Creek project from Orogen Royalties, Inc. (TSX.V: OGN).

The Company believes Maggie Creek has significant discovery potential and its exploration team and leading consultants are continuously interpreting all the historical drilling and exploration work previously done in the area. Results of a district-wide gravity survey on the Maggie Creek claims were previously announced on May 13, 2020. This new geological information, synthesized with historical district information, has been incorporated in the Company’s future exploration plans. The Maggie Creek exploration program in the future is expected to initially test mineralized gold horizons exposed at surface that are projected to down dip into district-scale structures. Historical drilling at Maggie Creek has been relatively shallow, with a mean depth of just 300 feet. The numerous gold showings within classical stratigraphy and structure that hosts the majority of gold ounces in the Carlin Trend are evident. The same host rocks and fault structures associated with the Gold Quarry Mine, including the Chukar-Alunite Fault Zone, that partly drive the high-grade mineralization at Gold Quarry potentially extend onto the Maggie Creek property. The projection of the Chukar-Alunite fault zone into the Maggie Creek Property where it intersects a strong NW structural corridor presents high priority potential drill targets.

Since acquiring the Maggie Creek option, U.S. Gold Corp. has been busy analyzing historical project data, conducting additional geophysical surveys and planning future exploration efforts. Ken Coleman – the Company’s Senior Project Geologist, has been out on the Maggie Creek claims, seeking to verify historical drill collars and conducting surface geological surveys and reviews. Future geophysical surveys and soil sampling are being designed and are planned for future exploration seasons. In addition, preliminary drilling plans are being formulated using existing and newly generated data.

The Company also engaged Nevada exploration expert Mr. John Norby to conduct a thorough, high-level geological-technical review of the Maggie Creek project. Mr. Norby’s Maggie Creek technical presentation can be viewed at:

www.usgoldcorp.gold/properties/maggie-creek/technical-ppt

Specific drill targets have emerged as a result of Mr. Norby’s work. Of the 241 historic drill holes at Maggie Creek, only 21 were drilled to depths of 1,000 feet or greater. Deeper underground targets in the district are largely untested. There are four initial target areas that will be considered as the focus of the Company’s initial Maggie Creek exploration efforts. These include:

The NE Soap Creek Target:

Local gold intercepts on the Maggie Creek claims may be a distal expression of larger gold concentrations along the Soap Creek fault. There is also potential for stratiform gold layers on the claims in the target area, as several historical drill holes were not drilled deep enough into projected favorable horizons or end in gold mineralization.

The Far North Rainbow Target:

This target is a down-dip continuation of drilled gold mineralization within decalcified upper-plate rocks at the footwall of the Cress fault. There is also potential in the hanging wall of the Cress fault for gold discoveries in similar lithologies.

The North Rainbow at Cress Fault Target:

Historically drilled gold mineralization is present in the Roberts Mountain Formation in the footwall of the Cress Fault. The upper-plate limey units in the hanging wall of the Cress Fault are also a target.

The North Rainbow Target:

This target is a down-dip continuation of drilled gold mineralization in the upper Roberts Mountain Formation, intersecting a mineralized, steeply dipping dike trend and possible sills.

Further updates about U.S. Gold Corp.’s future Maggie Creek exploration plans will be forthcoming.

About U.S. Gold Corp.

U.S. Gold Corp. is a publicly traded, U.S. focused gold exploration and development company. U.S. Gold Corp. has a portfolio of exploration properties. Copper King, now the CK Gold Project, is located in Southeast Wyoming and has a Preliminary Economic Assessment (PEA) technical report, which was completed by Mine Development Associates. Keystone and Maggie Creek are exploration properties on the Cortez and Carlin Trends in Nevada. The Challis Gold Project is located in Idaho. For more information about U.S. Gold Corp., please visit www.usgoldcorp.gold

Safe Harbor


Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimated,” and “intend,” among others. These forward-looking statements are based on U.S. Gold Corp.’s current expectations, and actual results could differ materially from such statements. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, risks arising from: the prevailing market conditions for metal prices and mining industry cost inputs, environmental and regulatory risks, risks faced by junior companies generally engaged in exploration activities, whether U.S. Gold Corp. will be able to raise sufficient capital to implement future exploration programs, COVID-19 uncertainties, and other factors described in the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed with the Securities and Exchange Commission, which can be reviewed at www.sec.gov. The Company has based these forward-looking statements on its current expectations and assumptions about future events. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other risks, contingencies, and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control. The Company makes no representation or warranty that the information contained herein is complete and accurate and we have no duty to correct or update any information contained herein.

For additional information, please contact:

U.S. Gold Corp. Investor Relations: +1 800 557 4550
ir@usgoldcorp.gold
www.usgoldcorp.gold

SOURCE U.S. Gold Corp.