Company Overview - Silver Crown Royalties Inc. is a publicly traded silver royalty company with four silver royalties, three of which are revenue-generating [4] - The company's business model provides investors with exposure to precious metals, serving as a hedge against currency devaluation while minimizing the impact of cost inflation [4] Recent Developments - Gold Mountain Mining Corp. and its subsidiaries have been placed under receivership proceedings, which the company is closely monitoring [1][2] - The company holds a royalty agreement with Elk Gold Mining Corporation, which is part of the affected subsidiaries [2] Management Commentary - The CEO of Silver Crown emphasized that the company's prudent approach to royalty agreements and diversification is intended to provide a buffer against adverse events, allowing for continued revenue growth [3]

However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision. Why a Trend Reversal is Due for CCK The RSI reading of 27.72 for CCK is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand. Crown Holdings (CCK) has been on a downward spiral lately with significant selling pressure. After declining 7.1% over the past four we ...

[PART I – FINANCIAL INFORMATION](index=2&type=section&id=PART%20I%20%E2%80%93%20FINANCIAL%20INFORMATION) This section presents the company's financial statements, management's discussion, market risk disclosures, and controls and procedures [Item 1. Financial Statements](index=2&type=section&id=Item%201.%20Financial%20Statements) Financial statements for Q2 2025 show increased net sales, net income, and improved operating cash flow [Consolidated Statements of Operations](index=3&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) This statement details the company's revenues, operating income, and net income for the reported periods Consolidated Statements of Operations Highlights (in millions, except per share data) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | :--- | :--- | | **Net sales** | $3,149 | $3,040 | $6,036 | $5,824 | | **Income from operations** | $391 | $379 | $756 | $624 | | **Net income attributable to Crown Holdings** | $181 | $174 | $374 | $241 | | **Diluted Earnings per share** | $1.56 | $1.45 | $3.21 | $2.01 | [Consolidated Statements of Comprehensive Income](index=4&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20COMPREHENSIVE%20INCOME) This statement presents net income and other comprehensive income components, leading to total comprehensive income Consolidated Statements of Comprehensive Income Highlights (in millions) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | :--- | :--- | | **Net income** | $216 | $207 | $443 | $300 | | **Total other comprehensive income / (loss)** | $43 | $(114) | $8 | $(101) | | **Total comprehensive income** | $259 | $93 | $451 | $199 | | **Comprehensive income attributable to Crown Holdings** | $222 | $60 | $380 | $143 | [Consolidated Balance Sheets (Condensed)](index=5&type=section&id=CONSOLIDATED%20BALANCE%20SHEETS%20(Condensed)) This statement provides a snapshot of the company's assets, liabilities, and equity at specific points in time Condensed Consolidated Balance Sheet Highlights (in millions) | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total current assets** | $4,652 | $4,211 | | **Total assets** | $14,478 | $13,848 | | **Total current liabilities** | $4,373 | $3,465 | | **Total long-term debt** | $5,618 | $6,058 | | **Total equity** | $3,372 | $3,228 | | **Total liabilities and equity** | $14,478 | $13,848 | [Consolidated Statements of Cash Flows (Condensed)](index=6&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS%20(Condensed)) This statement summarizes cash inflows and outflows from operating, investing, and financing activities Condensed Consolidated Statements of Cash Flows Highlights (in millions) | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $463 | $343 | | **Net cash used for investing activities** | $(44) | $(143) | | **Net cash used for financing activities** | $(427) | $(70) | | **Net change in cash, cash equivalents and restricted cash** | $22 | $111 | [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=NOTES%20TO%20CONDENSED%20CONSOLIDATED%20FINANCIAL%20STATEMENTS) These notes provide additional details and explanations for the condensed consolidated financial statements - The company recorded restructuring charges of **$47 million** in Q2 2025, primarily from asset impairments in China and costs in the Transit Packaging segment[37](index=37&type=chunk) - As of June 30, 2025, the accrual for asbestos-related claims was **$189 million**, including **$117 million** for unasserted claims. A recent unfavorable jury verdict in California resulted in an **$11 million** charge in Q2 2025[38](index=38&type=chunk)[48](index=48&type=chunk)[54](index=54&type=chunk) - In May 2025, the company issued **$700 million** of 5.875% senior notes due 2033 and used the proceeds to redeem **$875 million** of 4.75% notes due 2026[100](index=100&type=chunk) - The company repurchased **$209 million** of its common stock in the first six months of 2025 under a **$2 billion** authorization valid through 2027[106](index=106&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=30&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses increased net sales, strong segment income, and robust liquidity, maintaining a 2.5x net leverage ratio [Business Strategy and Trends](index=30&type=section&id=Business%20Strategy%20and%20Trends) This section outlines the company's strategic focus on shareholder value, growth, and capital allocation - The company's strategy focuses on maximizing shareholder value through profitable growth, dividends, and share repurchases[130](index=130&type=chunk) - Global demand for beverage cans is growing, particularly in North America, Brazil, and Europe, driven by new products and sustainability benefits. The company expects to meet demand with its current capital base[131](index=131&type=chunk) - Capital spending is expected to be approximately **$450 million** in 2025, down from previous years[131](index=131&type=chunk) - The company has a long-term net leverage ratio target of **2.5x** adjusted EBITDA and a **$2 billion** share repurchase authorization through 2027[132](index=132&type=chunk) [Results of Operations](index=30&type=section&id=Results%20of%20Operations) This section analyzes the company's financial performance, including sales drivers and segment income contributions Segment Income Performance (in millions) | Segment | Q2 2025 Segment Income | Q2 2024 Segment Income | YTD 2025 Segment Income | YTD 2024 Segment Income | | :--- | :--- | :--- | :--- | :--- | | Americas Beverage | $268 | $243 | $504 | $432 | | European Beverage | $97 | $88 | $164 | $139 | | Asia Pacific | $50 | $55 | $97 | $97 | | Transit Packaging | $72 | $73 | $132 | $141 | | Other | $35 | $14 | $64 | $22 | - Q2 2025 net sales increased primarily due to **$120 million** from the pass-through of higher material costs and higher beverage can volumes in North America and Europe[143](index=143&type=chunk) - European Beverage segment volumes grew by **6%** in Q2 and **8%** in the first six months of 2025[153](index=153&type=chunk) - Asia Pacific segment income was flat year-over-year as improved manufacturing performance and restructuring savings offset lower volumes[161](index=161&type=chunk) [Liquidity and Capital Resources](index=39&type=section&id=Liquidity%20and%20Capital%20Resources) This section details the company's cash flow, debt management, and available liquidity - Cash from operating activities increased to **$463 million** for the first six months of 2025, up from **$343 million** in the same period of 2024, mainly due to higher income from operations[185](index=185&type=chunk) - Cash used for investing activities decreased to **$44 million** from **$143 million** year-over-year, primarily due to lower capital expenditures[187](index=187&type=chunk) - The company's total net leverage ratio was **2.5 to 1.0** at June 30, 2025, in compliance with its covenant requirement of no greater than **4.5 to 1.0**[193](index=193&type=chunk) - The company has available liquidity of **$1,619 million** under its revolving credit facilities as of June 30, 2025[191](index=191&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=43&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company manages market risks from foreign exchange, interest rates, and commodity prices using derivative instruments - The company uses derivative instruments, such as swaps and forwards, to manage risks from foreign exchange, interest rates, and commodity prices, not for speculative purposes[211](index=211&type=chunk) - A hypothetical **0.25%** change in floating interest rates on its **$1.8 billion** of floating rate debt and **$1.4 billion** of securitization would change annual interest expense by approximately **$8 million** before tax[214](index=214&type=chunk) [Item 4. Controls and Procedures](index=45&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective, with no material changes to internal controls over financial reporting - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of June 30, 2025[215](index=215&type=chunk) - No changes in internal controls over financial reporting occurred during the quarter that materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[216](index=216&type=chunk) [PART II – OTHER INFORMATION](index=45&type=section&id=PART%20II%20%E2%80%93%20OTHER%20INFORMATION) This section covers legal proceedings, equity security sales, and other significant corporate information [Item 1. Legal Proceedings](index=45&type=section&id=Item%201.%20Legal%20Proceedings) This section refers to Notes I and J in Part I for details on asbestos-related liabilities and other litigation - Information regarding legal proceedings, including asbestos liabilities and other contingencies, is incorporated by reference from Note I and Note J of the financial statements[218](index=218&type=chunk) [Item 2. Unregistered Sale of Equity Securities and Use of Proceeds](index=45&type=section&id=Item%202.%20Unregistered%20Sale%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company has **$1,593 million** remaining under its **$2 billion** share repurchase authorization through 2027 - As of June 30, 2025, the company has remaining authorization to repurchase **$1,593 million** of its common stock under its current program[221](index=221&type=chunk) [Item 5. Other Information](index=47&type=section&id=Item%205.%20Other%20Information) Key personnel changes include the resignation of the Corporate Controller and the CEO's new 10b5-1 trading plan - Christy Kalaus, Vice President and Corporate Controller, resigned for personal reasons, effective on or about August 25, 2025[225](index=225&type=chunk) - CFO Kevin C. Clothier will assume the role of interim principal accounting officer upon Ms. Kalaus's departure[226](index=226&type=chunk) - On May 20, 2025, CEO Timothy J. Donahue entered into a new 10b5-1 trading plan for the potential sale of up to **90,000** shares of common stock[227](index=227&type=chunk)

Core Insights - Endurance Gold Corporation reported strong assay results from its Reliance Gold Project, highlighting significant gold and antimony mineralization in multiple drill holes [2][3][4]. Drill Results - Drill hole DDH25-113 returned 5.63 grams per tonne (gpt) gold and 5.12% antimony over 3.3 metres, marking the best antimony grade over width intersection to date [3][11]. - Additional significant intersections from DDH25-113 include 11.21 gpt gold over 3.0 metres and 11.35 gpt gold over 0.6 metres [3][11]. - Drill hole DDH25-110 returned 2.34 gpt gold and 0.07% antimony over 14.1 metres, confirming continuous mineralization from surface to 530 metres down-dip [3][4]. - DDH25-111, a metallurgy hole, returned 2.22 gpt gold over 17.5 metres, including 5.58 gpt gold over 3.0 metres [3][11]. - DDH25-112 intersected narrower mineralized veins with gold grades of 3.25 gpt, 2.40 gpt, and 4.12 gpt over respective intervals [3][11]. Exploration Progress - The 2025 diamond drilling program has completed eight holes totaling 3,610 metres, with results pending for three additional holes [4][6]. - Nine out of fourteen drill holes from the "Crown Gap" have returned significant gold and antimony mineralization, indicating growth potential in the Crown Zone [3][4]. Future Plans - The company is currently conducting additional drill testing in the Crown Gap and plans to move the drilling rig to test near-surface targets up-dip of the Lower Crown discovery hole [4][6].

Group 1: Crown Holdings, Inc. (CCK) - Crown Holdings has a Zacks Rank of 1 and a PEG ratio of 1.58, which is slightly lower than the industry average of 1.59 [1] - The Zacks Consensus Estimate for Crown's current year earnings has increased by 4.4% over the last 60 days [1] - The company possesses a Growth Score of B [1] Group 2: Jabil Inc. (JBL) - Jabil carries a Zacks Rank of 1 and has a PEG ratio of 1.43, significantly lower than the industry average of 1.93 [2] - The Zacks Consensus Estimate for Jabil's current year earnings has increased by 5.2% over the last 60 days [2] - The company possesses a Growth Score of B [2] Group 3: Primoris Services Corporation (PRIM) - Primoris has a Zacks Rank of 1 and a PEG ratio of 1.60, compared to a much higher industry average of 4.60 [3] - The Zacks Consensus Estimate for Primoris's current year earnings has increased by 0.5% over the last 60 days [3] - The company possesses a Growth Score of A [3]

Group 1: LendingTree, Inc. (TREE) - LendingTree operates an online consumer platform and has a Zacks Rank of 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 8.5% over the last 60 days [1] - The company has a price-to-earnings ratio (P/E) of 12.02, significantly lower than the industry average of 44.70, and possesses a Value Score of A [1] Group 2: Crown Holdings, Inc. (CCK) - Crown Holdings is a packaging company with a Zacks Rank of 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 4.4% over the last 60 days [2] - The company has a price-to-earnings ratio (P/E) of 13.91, compared to the industry average of 15.30, and has a Value Score of B [2] Group 3: First Community Corporation (FCCO) - First Community Corporation is a bank holding company for First Community Bank and holds a Zacks Rank of 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 4.3% over the last 60 days [3] - The company has a price-to-earnings ratio (P/E) of 10.31, lower than the industry average of 11.50, and possesses a Value Score of B [3]

Core Viewpoint - Crown Holdings (CCK) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Outlook - The Zacks rating upgrade reflects optimism regarding Crown's earnings outlook, suggesting potential buying pressure and an increase in stock price [3]. - For the fiscal year ending December 2025, Crown is expected to earn $7.40 per share, which remains unchanged from the previous year, but the Zacks Consensus Estimate has increased by 9.6% over the past three months [8]. Impact of Earnings Estimates - Changes in a company's future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements [4][6]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, and their investment actions based on these estimates can lead to significant price movements [4]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of Crown to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].

Core Insights - Crown Castle Inc. (CCI) reported second-quarter 2025 adjusted funds from operations (AFFO) per share of $1.02, exceeding the Zacks Consensus Estimate of $1.00, but reflecting a nearly 1% decline year over year [1][8] - The company experienced a rise in services and other revenues year over year, while site rental revenues saw a decline [1][8] - CCI has raised its outlook for 2025, indicating positive adjustments in expectations for AFFO and site rental revenues [6][8] Financial Performance - CCI's net revenues for the quarter were $1.06 billion, surpassing the Zacks Consensus Estimate of $1.04 billion, but down 4.2% year over year [2] - Total site rental revenues decreased by 5.3% year over year to $1.00 billion, attributed to a $16 million decrease in amortization of prepaid rent and a $34 million decrease in straight-lined revenues [3] - Services and other revenues increased by 20.9% year over year to $52 million, exceeding the estimate of $51.5 million [4] - Adjusted EBITDA for the quarter was $705 million, down 3% year over year [4] Financial Position - As of June 30, 2025, CCI had cash and cash equivalents of $94 million, an increase from $60 million as of March 31, 2025 [5] - Total debt and long-term obligations amounted to $22.04 billion, reflecting a 3.7% decrease sequentially [5] 2025 Guidance - CCI raised its guidance for 2025 AFFO per share to a range of $4.14-$4.25, compared to the previous range of $4.06-$4.17 [6] - The site rental revenue range was increased to $3.997-$4.042 billion from the prior range of $3.987-$4.032 billion [6] - Adjusted EBITDA is now estimated to be between $2.780-$2.830 billion, up from the previous range of $2.755-$2.805 billion [6]

My research argues that Crown Holdings, Inc. (NYSE: NYSE: CCK ) , after reporting its second‑quarter 2025 results yesterday, is staring at a fork in the road. Recently the company has done three smart things: pushed itsI focus on producing objective, data-driven research, mostly about small- to mid-cap companies, as these tend to be overlooked by many investors. From time to time, though, I also look at large-cap names, just to give a fuller sense of the broader equity markets.Analyst’s Disclosure:I/we have ...

Group 1 - The packaging sector has experienced challenging quarters and years following the COVID-19 peak, but demand is gradually returning [1] - Companies in the beverage can sector have completed their growth investments, and the market is beginning to absorb the additional capacity [1] Group 2 - The investment group European Small Cap Ideas focuses on high-quality small-cap investment opportunities in Europe, emphasizing capital gains and dividend income [1] - The group offers two model portfolios: the European Small Cap Ideas portfolio and the European REIT Portfolio, along with weekly updates and educational content [1]