Research – Genprex (GNPX) – Initiation of Coverage

Friday, April 26, 2019

Genprex (GNPX)

Poised to Emerge as a Leader in Cancer Gene Therapy.

Genprex Inc is a US-based clinical stage gene therapy company. It is engaged in developing a new approach to treating cancer, based upon its novel proprietary technology platform, including initial product candidate, Oncoprex immunogene therapy.

Cosme Ordoñez, M.D., Ph. D. , Life Sciences Analyst, Noble Capital Markets, Inc.

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

  • Coverage
    Initiation
    . We are initiating coverage of Genprex, Inc. with an
    Outperform Rating and a 
    $5.00 target price.
  • Unique Gene
    Therapy Technology
    . We believe that Genprex will emerge as a leader in the area
    of gene therapy for the treatment of cancer. The Company is developing a unique
    platform technology consisting on the use of lipid nano…





    Get full report on Channelchek desktop.



*Analyst
certification and important disclosures included in 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.
 

News – Tax Cuts and Jobs Act: Are we better off?

Did the Tax Cuts and Jobs Act Reduce People’s Federal Taxes?

(Note: companies that could be impacted by the content of
this article are listed at the base of the story (desktop version). This
article uses third-party references to provide a bullish, bearish and balanced
point of view; sources listed in the “Balanced” section)
 

The stories are commonplace in the news and on social media: the taxpayer who either received less of a refund in 2019 compared to what they received in 2018 or, even worse, went from receiving a refund in 2018 to having to write a check for taxes owed in 2019. The Tax Cuts and Jobs Act (TCJA) was the most sweeping update to the U.S. tax code in more than 30 years. For individuals, the TCJA reduced federal income tax rates, increased the standard deduction, doubled the child care tax credit, repealed the personal and dependent exemptions, and capped the deductions for state and local taxes, among many other reforms. But, according to SurveyMonkey, only 40% of Americans believed they saw savings, and only 20% were sure they had. An NBC/Wall Street Journal poll in March found just 17% of Americans believing they would pay less in taxes.

News – Blockchain for Business: Worth the Hype?

How are businesses using blockchain?

(Note: companies that could be impacted by the content of
this article are listed at the base of the story (desktop version). This
article uses third-party references to provide a bullish, bearish and balanced
point of view; sources listed in the “Balanced” section)
 

Businesses are finding that blockchain, the technology behind Bitcoin and other cryptocurrencies, has far wider and more useful applications than creating speculative digital currency markets. Blockchain is essentially a record-keeping system, however, it is unique in that it uses a distributed ledger system making it more tamper-proof than other databases and free from centralized control. While the early iterations of this technology have been overshadowed by cryptocurrency, businesses are now seeing blockchain’s true potential as a tool to solve complex problems and streamline complex processes. Could blockchain lead the next technological revolution or is it all just hot air?

Research – Aurania Resources (ARU:CA) – Appoints new CFO

Tuesday, April 23, 2019

Aurania Resources Ltd. (ARU:CA)

Will A New Chief Financial Officer and Loan Commitment Increase Momentum?

Aurania Resources Ltd. is a Canada-based junior mining exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper. Its flagship asset, The Lost Cities-Cutucu Project, is in southeastern Ecuador in the Province of Morona-Santiago. The company also has several minor projects in Switzerland.

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

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

  • Aurania appoints new Chief Financial Officer.  Aurania appointed
    Mr. Tony Wood as Chief Financial Officer.  Mr. Wood has completed ~$1
    billion in financing and M&A transactions in the mining industry.  Mr.
    Wood has been consulting for the company on a part-time basis since January
    2019.  Mr. Wood earned a B.Sc. degree from the University of Lancaster,
    United Kingdom (U.K), and is a qualified Chartered Accountant in the U.K. and
    Canada.  We believe Mr. Wood’s experience will enhance the company’s
    strategic development and fundraising capabilities. 
  • New loan commitment enhances financial flexibility.  Aurania also announced a
    loan agreement with Dr. Keith Barron, Aurania’s Chairman and CEO, providing up
    to US$3,000,000 in financing.  In our view, the new loan commitment
    provides financial flexibility to expand and/or accelerate the comp…





    Get full report on Channelchek desktop.


*Analyst
certification and important disclosures included in 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.
 

Research – KeyW (KEYW) – Announces Definitive Merger Agreement

Tuesday, April 23, 2019

KeyW Holding Corporation (KEYW)

Could It Go Higher?

KEYW Holding is a provider of mission-critical cybersecurity, cybersuperiority, and geospatial intelligence solutions to U.S. government defense, intelligence, and national security agencies. Its solution includes collection, processing, analysis, and dissemination of intelligence information in cyberspace and geospace domains.

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

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

  • Announces Acquisition. KeyW yesterday morning announced it has singed a
    definitive merger agreement to be acquired by Jacobs Engineering (NYSE:JEC:Not
    Rated) for $11.25 per share in cash. The transaction has an enterprise value of
    $815 million, net of tax assets.
  • Significant Premium. The
    $11.25 represents a 43% premium to KeyW’s closing stock price on April 18th and
    is above our 12-month price target of $10.50 per share. The merger
    consideration represents a 16.7x multiple on our 2019 adjusted EBITDA estimate
    and 15.2x our 2020 adjusted EBI…





    Get full report on Channelchek desktop.



*Analyst
certification and important disclosures included in 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.
 

News – Uranium Imports: Trade War Goes Nuclear

Should the U.S. Uranium Industry Be Rescued?

(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section)

On April 14, 2019, the U.S. Department of Commerce (DOC) submitted a report to the White House on their investigation into the impacts of uranium imports on U.S. national security.  The President has up to 90 days from April 14 to act on the DOC’s recommendations.  While the report remains confidential, supporters and foes of trade sanctions that could protect the U.S. uranium industry from imports of uranium await the outcome.  Should trade actions be taken to protect the U.S. uranium industry from imports?

FEATURE: Uranium | Top Marginal Tax | Boeing | Podcast

Avino Silver & Gold Mines Ltd. (ASM) Bralorne Exploration Provides Some Reasons for Optimism. More

Sierra Metals (SMTS) How Does The Worker Strike Affect 2019 Production Expectations? More

Vectrus Inc. (VEC) What’s Next Following A Big Win? More

Should the U.S. Uranium Industry Be Rescued? Are Uranium
Trade Sanctions Justified?
On April 14, 2019, the U.S. Department of Commerce
(DOC) submitted a report to the White House on their investigation into the
impacts of uranium imports on U.S. national security. More

Take from the rich and give to the politicians. Does A 70% top
marginal tax rate make sense?
In an interview on 60 Minutes, Congresswoman
Alexandria Ocasio-Cortez asserted that it’s worth considering to help pay for
new federal programs like the “Green New Deal.” More

IPO Podcast Episode 2: Drug Disruption. Brant Pinvidic (host of the iTunes top-trending Hollywood podcast “Why I’m Not…”) probes into the positive aspects of being “disruptive” in healthcare. Changing what is viewed as the norm – disrupting the status quo -can result in very positive change… Like Uber and Airbnb. Here Brant looks for disruption in healthcare; ways to reduce the costs associated with prescription drugs. He interviews the CEO of Dyadic International who believes his company has the answer. You be the judge. More

Comtech Announces Claro Argentina Selected Heights™
Networking Platform for Mobile Backhaul Infrastructure. More

DLH to Announce Second Quarter FY19 Financial Results. More

KeyW’s stock soars after Jacobs Engineering buyout deal at
43% premium. More

Aurania Announces the Appointment of Tony Wood as CFO &
Enters into a $3 Million Loan Agreement with Chairman and CEO.
More

Gannett Sets the Record Straight Regarding MNG’s False and
Misleading Statements. More

News – Does A 70% Top Marginal Tax Rate Make Sense?

70% Rate: The Taxwoman Cometh

(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section)

In an interview on 60
Minutes
, Congresswoman Alexandria Ocasio-Cortez asserted that it’s worth considering a 70% top marginal tax rate on incomes over $10 million to help pay for new federal programs like the “Green New Deal.”  According to Representative Ocasio-Cortez, “People are going to have to start paying their fair share in taxes. As you climb this income ladder, you should be contributing more.” As one would expect, her controversial comments immediately ignited a firestorm of a debate.

News – Boeing 737 MAX: Is it safe to fly?

Two crashes too many for the Boeing 737 MAX

(Note: companies that could be impacted by the content of this article are listed at the base of the story (desktop version). This article uses third-party references to provide a bullish, bearish and balanced point of view; sources listed in the “Balanced” section)

On March 10th, Ethiopian Airlines Flight 302 experienced problems shortly after takeoff, struggled to ascend at a stable speed, and then crashed killing all 157 people on board. This follows the disturbingly similar incident that occurred last October in Indonesia when Lion Air Flight 610 crashed shortly after takeoff killing all 189 passengers. In both instances, the pilots were flying a brand-new Boeing 737 MAX.

The 737 MAX is the fastest-selling airplane in
Boeing (BA) history with about 5,000 orders from more than 100 customers
worldwide. The model has completed thousands of successful flights and was
widely considered by industry experts to be a safe aircraft. Nevertheless, following
the crash of Flight 302 the U.S. Federal Aviation Administration (FAA) moved to
temporarily ground the entire global fleet of 371 Boeing 737 MAX aircrafts. On Friday
April 5th, Boeing’s CEO Dennis Muilenburg acknowledged
that both incidents were caused by the same malfunction and accepted
responsibility for the crashes saying, “We own it”. Boeing says the malfunction
that caused the crashes can be fixed, but will it restore the public’s faith in
air travel?

Research – Avino Silver & Gold (ASM) – Mine exploration provides optimism

Wednesday, April 17, 2019

Avino Silver & Gold Mines Ltd. (ASM)

Bralorne Exploration Provides Some Reasons for Optimism.

Avino Silver & Gold Mines Ltd. engages in the acquisition, exploration, development, production, and sale of mineral properties in Canada and Mexico. It primarily explores for gold, silver, copper, zinc, and lead deposits.

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

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

  • ASM reports first quarter 2019 production results.  Avino Silver & Gold Mines Ltd. reported first
    quarter production of 615,019 silver equivalent ounces representing a 6.4%
    decline versus the prior year period and a 14.6% decrease relative to the
    fourth quarter of 2018.  First quarter production results were negatively
    impacted by lower grades, declining recoveries at the San Gonzalo mine and
    seven days of lost production while upgrades to the crushing circuit were
    completed at the Avino mill. 
  • Updating estimates.  Based on modestly lower than expected first quarter
    production, we are reducing our full year 2019 EPS and EBITDA estimates to
    $0.06 and $10.6 million from $0.07 and $11.8 million, respectively.  Our
    2020 estimates have been lowered to $0.09 and $13.5 million from $0.10 and
    $14.5 million, respec…





    Get full report on Channelchek desktop.



*Analyst
certification and important disclosures included in 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.
 

Research – Sierra Metals (SMTS) – Full year projection estimates

Wednesday, April 17, 2019

Sierra Metals (SMTS)

How Does The Worker Strike Affect 2019 Production Expectations?

Sierra Metals Inc is a precious and base metals producer in Latin America. The company acquires, explores, extracts, and produces mineral concentrates consisting of silver, copper, lead, zinc and gold in Mexico and Peru. Its activity includes the operation of the Yauricocha Mine in Peru, and the Bolivar and Cusi mines in Mexico.  

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

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

  • SMTS reports first quarter production results.  Compared with the prior year period, first quarter
    production of silver increased 16.3% to 691 thousand ounces, lead production
    increased 10.2% to 6.9 million pounds and gold production increased 1.7% to
    1,986 ounces.  Copper and zinc production declined 4.4% and 9.8% to 7.7
    million and 16.4 million pounds, respectively.  Compared to the fourth
    quarter of 2018, production of copper, lead, gold, zinc and silver fell 13.4%,
    12.5%, 7.1%, 6.4% and 1.4%, respectively.  The Yauricocha mine experienced
    a 14% reduction in throughput during the first quarter due to a worker’s strike
    that resulted in 12 days of lost production.  Management has maintained
    its 2019 production guidance range and we think there may be opportunities to
    gain lost ground throughout the remainder of the year.
  • Updating estimates.  While we are making no changes to our 2020 EPS or
    EBITDA estimates, we are trimming our 2019 EPS and EBITDA estimates to $0.19
    and $101.2 million from $0.20 and $103.9 million, respectively.  Our 2019
    revi…





    Get full report on Channelchek desktop.






*Analyst
certification and important disclosures included in 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.
 

Research – Vectrus (VEC) – Award is a big win

Wednesday, April 17, 2019

Vectrus Inc. (VEC)

What’s Next Following A Big Win?

Vectrus Inc is a U.S.-based company that provides services to the U.S. government. The company generates nearly all its revenue from the United States Department of Defense. The company offerings are categorized into three types.

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

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

  • LOGCAP V Awards. Friday
    evening, the U.S. Army Contracting Command-Rock Island awarded four ID/IQ
    Multiple Task Order Contracts for LOGCAP V. Vectrus was awarded contracts for
    the CENTCOM and PACOM areas. The CENTCOM award includes Vectrus’s current
    K-BOSSS business. This is a significant positive development for the
    Company. 
  • Stock Responds Favorably. On
    Monday, 
    on the heels of the weekend announcement, VEC shares jum…





    Get full report on Channelchek desktop.






*Analyst
certification and important disclosures included in 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.
 

IPO Podcast Series: Drug Disruption

Episode Two: Drug Disruption

In the second episode of the IPO podcast series, Brant Pinvidic (host of the iTunes top-trending Hollywood podcast “Why I’m Not…”) probes into the positive aspects of being “disruptive.” Changing what is viewed as the norm – disrupting the status quo -can result in very positive change… Like Uber and Airbnb. Here Brant looks for disruption in healthcare; ways to reduce the costs associated with prescription drugs. He interviews the CEO of Dyadic International who believes his company has the answer. You be the judge.

The most innovative Ideas, the inspirational People behind them, and the wealth of Opportunities they create… that’s IPO from Channelchek.

watch the IPO series trailer