Core Insights - Parnassus Investments reported strong performance for its Mid Cap Fund in Q3 2025, with a return of 5.49%, slightly outperforming the Russell Midcap Index which returned 5.33% [1] Company Performance - Republic Services, Inc. (NYSE:RSG) is highlighted as a leading environmental services company in the U.S. and Canada, with a one-month return of -0.99% and a 52-week gain of 1.02% [2] - As of January 7, 2026, Republic Services, Inc. shares closed at $209.08, with a market capitalization of $64.72 billion [2] Market Sentiment - The Parnassus Core Equity Fund noted that Republic Services, Inc. faced challenges as market sentiment shifted towards high-growth equities, impacting its stock performance [3] - Despite this, the company demonstrated steady results supported by recurring revenue and strong free cash flow, indicating potential for both secular growth and cyclical upside [3] Hedge Fund Interest - Republic Services, Inc. was held by 51 hedge fund portfolios at the end of Q3 2025, a decrease from 60 in the previous quarter, suggesting a decline in popularity among hedge funds [4] - While the company is recognized for its investment potential, some analysts suggest that certain AI stocks may offer greater upside with less downside risk [4]

Core Viewpoint - Ameresco, Inc. and Republic Services, Inc. have successfully commenced operations at a renewable natural gas facility at the Upper Rock Island County Landfill in East Moline, Illinois, which upgrades landfill gas into pipeline-quality renewable natural gas [1] Company Summary - Ameresco, Inc. is recognized as a leading energy infrastructure solutions provider [1] - Republic Services, Inc. is identified as a leader in the environmental services industry [1] Project Details - The renewable natural gas facility is located at the Upper Rock Island County Landfill [1] - The facility began operations in December [1] - The facility's purpose is to upgrade landfill gas from the Upper Rock Landfill into pipeline-quality renewable natural gas [1]

Core Viewpoint - The articles emphasize that the content provided is opinion-based and does not constitute investment advice, urging readers to conduct their own research before making investment decisions [1][2][3][4]. Group 1 - The articles clarify that the author has no current stock or derivative positions in any mentioned companies and does not plan to initiate any within the next 72 hours [2]. - The content is presented as personal opinions and may change without notice, highlighting the subjective nature of the analysis [1][3]. - There is a disclaimer regarding past performance not guaranteeing future results, indicating that no specific investment recommendations are being made [4].

Core Insights - Republic Services' growth is driven by North American urbanization, zero-waste initiatives, and industrial expansion [1][3][10] - The company is enhancing its sustainability leadership through investments in polymer recycling, renewable natural gas, and fleet electrification [1][4][5] - Ongoing dividends and share buybacks are consistently enhancing shareholder value and reinforcing investor confidence [1][6] Financial Performance - The company's fourth-quarter 2025 earnings are projected to increase by 2.5% year over year [2] - Earnings are expected to rise by 6.5% in 2025 and 6% in 2026, with revenues anticipated to grow by 4% in both years [2] Market Drivers - Revenue growth is supported by rapid urbanization in North America, leading to increased waste generation [3][10] - Favorable market forces include the rising adoption of zero-waste initiatives and industrial growth across the U.S. and Canada [3][10] Sustainability Initiatives - Progress in Polymer Centers and Blue Polymers joint ventures promotes bottle-to-bottle plastics circularity, meeting the demand for recycled materials [4] - The company is advancing renewable natural gas and six other energy projects with partners [4] Fleet Electrification - The fleet electrification strategy aims to replace gasoline or diesel vehicles with electric vehicles, significantly reducing environmental impact [5] - The company expects to have over 150 electric vehicles by the end of 2025, with 32 facilities equipped with commercial-scale EV charging infrastructure [5] Shareholder Returns - Republic Services has consistently rewarded shareholders through dividends and share repurchases, with dividends of $592.9 million, $650 million, and $687 million in 2022, 2023, and 2024, respectively [6] - Share repurchases amounted to $203.5 million, $261.8 million, and $482 million in the same years [6]

Core Insights - Rocky Shore Gold Ltd. has identified thick, higher-grade gold intervals in its Mosquito Hill and Reid gold deposits through ongoing data compilation, indicating significant potential for further exploration and development [1][2][3] Group 1: Company Developments - The company is set to initiate its first winter drill program at the Lane Pond Gold Target in Q1 2026, which is strategically located near the Mosquito Hill and Reid deposits [2] - The ongoing compilation program is expected to yield further news releases in the coming months, highlighting the company's commitment to exploring its gold assets [2] - With gold prices near all-time highs and a strong treasury, the company is well-positioned for growth and value creation in 2026 [2] Group 2: Historical Drill Highlights - Historical drill results from the Mosquito Hill Gold Deposit include significant intervals such as 2.21 g/t gold over 35.00 m and 0.67 g/t gold over 103.35 m [4][10] - The Reid Gold Deposit has also shown promising results, with intervals like 1.60 g/t gold over 20.00 m and 1.10 g/t gold over 41.40 m [17][18] - The Mosquito Hill Gold Deposit has a historical indicated mineral resource of 11,180,000 tonnes at 0.55 g/t gold, equating to approximately 196,257 gold ounces [10] - The Reid Gold Deposit has a historical inferred mineral resource of 9,570,000 tonnes at 0.56 g/t gold, amounting to about 173,000 gold ounces [12] Group 3: Project Location and Geology - The Gold Anchor Project, where the Mosquito Hill and Reid deposits are located, is situated within an emerging gold district in central Newfoundland, characterized by the Appleton Fault Corridor [1][5] - The project encompasses a significant area of over 1,200 square kilometers, making it one of the largest properties in the region [33]

Core Viewpoint - Rocky Shore Gold Ltd. has successfully completed the acquisition of the Brady Property and made the initial payment under the Huxter Lane Option Agreement, indicating strategic growth in its exploration portfolio [1][2][3]. Group 1: Acquisition Details - The company made a cash payment of $75,000 and issued 1,000,000 common shares to the vendor for the Brady Property acquisition [2]. - The vendor retains a 0.5% Net Smelter Return (NSR) which can be repurchased by Rocky Shore for $250,000, and there is an underlying 2% NSR that can be repurchased for $1,000,000 [2]. - For the Huxter Lane Option Agreement, an initial payment of $100,000 in cash was made, along with the issuance of 2,000,000 common shares [3]. Group 2: Stock Options - The company granted 5,100,000 incentive stock options to officers, directors, and consultants, each exercisable into one common share at an exercise price of $0.20 for a five-year term [4]. - Half of the options vest immediately, while the remaining half will vest on December 12, 2026, and are subject to a four-month hold period [4]. Group 3: Company Overview - Rocky Shore Gold is a Canadian exploration company focused on expanding its gold deposits and discovering major gold zones at its 100%-owned Gold Anchor Project, located in central Newfoundland [6]. - The Gold Anchor Project is the second-largest property in an emerging gold district, covering over 1,200 square kilometers and hosting two large porphyry-controlled gold deposits [6].

Core Viewpoint - Rocky Shore Gold Ltd. has entered into option and purchase agreements to acquire key mining claims in central Newfoundland, enhancing its strategic position in a promising gold belt [1]. Group 1: Properties - The Huxter Lane Property consists of 90 claims covering 2,250 hectares and hosts the Mosquito Hill Gold Deposit, classified as a porphyry-controlled gold deposit [3]. - The Brady Property includes four claims over 100 hectares, hosting the Reid Gold Deposit, also classified as a porphyry-controlled gold deposit, with an inferred mineral resource of 9,570,000 tonnes at 0.56 g/t gold, equating to approximately 173,000 gold ounces [5]. - Both properties are adjacent to the Gold Anchor Project, which contains two large porphyry-controlled gold deposits and is strategically located near the Lane Pond Gold Target along the Appleton Fault [7]. Group 2: Transaction Terms - The Huxter Lane Option Agreement allows the company to earn a 100% interest in the Huxter Lane Property through cash payments and share issuances, with a total of $650,000 in cash and 15,000,000 shares over four years [10][11]. - The Brady Property Purchase Agreement involves a cash payment of $75,000 and the issuance of 1,000,000 common shares for a 100% interest, with a 0.5% NSR retained by the vendor [13]. Group 3: Strategic Importance - The acquisition of both properties is seen as strategically important due to the current high gold prices and the potential for significant historical gold resources to be added to the Gold Anchor Project [6]. - The company plans to conduct a maiden drill program at the Lane Pond Gold Target this winter and aims to compile data from both deposits to identify additional untested porphyry targets for future drilling [6].

Company Overview - Republic Services, Inc. (NYSE:RSG) is an Arizona-based waste management and environmental services company that collects, processes, and disposes of residential and industrial waste, including hazardous and non-hazardous materials [5] Investment Rating - On November 24, Goldman Sachs assigned a Buy rating on Republic Services, with a price target of $255 [1] Business Update - The Benton County Board of Commissioners approved the extension of Republic Services' 178-acre Coffin Butte Landfill on November 17, after the company sought authorization for the enlargement since 2021 [2][3] - The current proposal for the landfill's expansion is 50% smaller than the previous plan submitted in July 2024 [2] Conditions for Expansion - The approval includes conditions such as monitoring effects on nearby wells and wildlife, managing odor, and an annual payment of $242,000 to Benton County for professional audits of the company's monitoring and surveillance [4]

Core Insights - Republic Services, Inc. (RSG) is a leading provider in the environmental and waste management sector, with a market capitalization of $67.2 billion, offering a range of services including non-hazardous solid waste collection and recycling [1] Company Overview - RSG is classified as a large-cap stock, reflecting its significant size and influence in the waste management industry, supported by strong operational footprint and customer retention [2] - The company has experienced a 16.1% decline from its 52-week high of $258.75, reached on June 3, and a 6.9% decrease over the past three months, underperforming the Industrial Select Sector SPDR Fund (XLI) [2] Stock Performance - Year-to-date, RSG shares are up 7.9%, while XLI has returned 16.6%, indicating underperformance in the longer term as RSG has decreased slightly over the past 52 weeks compared to XLI's 7.3% increase [3] - RSG has been trading below its 200-day moving average since early September and below its 50-day moving average since late June, confirming a bearish trend [3] Financial Performance - In Q3, RSG reported a revenue growth of 3.3% year-over-year to $4.2 billion, which was below analyst expectations due to cyclical volume pressures [4] - The company achieved an 80-basis-point increase in adjusted EBITDA margin, contributing to a 5% year-over-year rise in adjusted EPS to $1.90, exceeding consensus estimates by 7.3% [4]

Core Insights - The North American waste and recycling industry generates approximately $75 billion annually, with Waste Management capturing the largest market share [1] - Waste Management, established in 1968, is the largest environmental services firm in the US, with a market cap of $87.5 billion and a diverse range of services [2] - Environmental Services stocks have transitioned from low-growth to high-quality compounders, with a 13% EPS CAGR over the last decade [4] Waste Management Company Overview - Waste Management derives about 80% of its business from private industry contracts and 20% from the public sector [1] - Collection services account for 55% of Waste Management's revenue, with transfer services at 21%, landfill at 10%, and recycling at 5% [6] - The company reported Q3 2025 revenue of $6.44 billion, a 14% year-over-year increase, but missed forecasts by $60 million [7] Financial Performance - Waste Management's non-GAAP EPS for Q3 2025 was $1.98, up 2 cents year-over-year but also below expectations by 3 cents [7] - The company generated a free cash flow of $2.11 billion for the first nine months of 2025, reflecting a 13.5% increase [7] - Following the earnings miss, Waste Management's stock fell nearly 8% but has since recovered [8] Analyst Insights - Goldman Sachs analyst Adam Bubes forecasts a 7.7% EBITDA CAGR for Waste Management from 2025 to 2027, driven by strong price/cost spreads and investments in recycling and landfill gas [9] - Bubes maintains a Buy rating with a price target of $256, indicating an 18% upside potential [9] - The consensus rating for Waste Management is Moderate Buy, with 15 Buys and 7 Holds, and an average target price of $246.70, suggesting a 13.5% upside [10] Republic Services Overview - Republic Services is the second-largest waste management company in the US, valued at $67 billion, with a top-line revenue of $16.5 billion for the four quarters ending Q3 2025 [10][11] - The company offers a full range of environmental solutions and maintains a network of over 1,000 locations and a fleet of 17,000 vehicles [12][11] Financial Performance of Republic Services - Republic Services reported Q3 2025 revenue of $4.2 billion, a 3.4% year-over-year increase, but missed forecasts by $38.5 million [13] - The non-GAAP EPS was $1.90, up 9 cents year-over-year and exceeding expectations by 12 cents [13] - The company generated a cash flow from operations of $3.32 billion year-to-date, with adjusted free cash flow of $2.19 billion [13] Analyst Insights on Republic Services - Analyst Bubes highlights Republic's strong portfolio quality and operational execution, forecasting a 5.5% EBITDA CAGR from 2025 to 2027 [14] - Bubes assigns a Buy rating with a price target of $255, implying a 17% upside potential [14] - The consensus rating for Republic Services is Moderate Buy, with 11 Buys and 8 Holds, and an average target price of $245.76, suggesting a 13% gain [15]