The investment thesis for Target Corporation (NYSE: TGT ) is very strong for a value investor. Contra positions can be considered at a time, when the value outshines the risks to the thesis (and there are aI am a stock analyst with 20+ years of experience in quantitative research, financial modeling, and risk management. I specialize in equity valuation, market trends, and portfolio optimization to identify high-growth investment opportunities. As a former Vice President at Barclays, I have led teams in mod ...

Core Insights - Denarius Metals Corp. announced final results from its infill drilling program at the Las Brisas Target within the Zancudo Project in Colombia, confirming high-grade mineralization and the discovery of a new manto vein [1][3][5] Drilling Program Overview - The 2024 infill drilling program included 13 drill holes totaling approximately 2,435 meters, contributing to a total of 7,225 meters drilled in 45 holes for the year [3][4] - The program aimed to upgrade Inferred Resources to Indicated Resources and support near-term mine development, focusing on the Los Albertos and Las Brisas targets [4][8] Drilling Results - Significant intercepts included: - 18.27 g/t Au and 1,819 g/t Ag over 0.30 m from hole ZM-185 on the Manto Antiguo vein - 23.11 g/t Au and 1,653 g/t Ag over 0.40 m from hole ZM-193 on the Manto Antiguo vein - 14.0 g/t Au and 96 g/t Ag over 0.70 m from hole ZM-190 on the Santa Catalina vein - 17.20 g/t Au and 101 g/t Ag over 0.30 m from hole ZM-192 on the Santa Catalina vein - 12.12 g/t Au and 93 g/t Ag over 0.50 m from hole ZM-185 on the newly discovered Manto Brisas vein [5][10] New Discoveries - The discovery of the Manto Brisas vein introduces a new exploration target, enhancing the potential for future resource expansion at the Las Brisas Target [6][10] - The results confirm continuity of mineralization in the Manto Antiguo and Santa Catalina veins, with a delineated high-grade ore shoot still open along strike [5][6] Future Plans - The company plans to complete an updated Mineral Resource estimate incorporating the 2024 drilling results in Q3 2025 and has commenced mining operations at the Zancudo Project [6][8] - An additional drilling campaign is planned for 2025 to further upgrade resources and accelerate mine development [8]

Group 1 - The S&P 500 has experienced a decline in 2025, significantly impacting various industries, particularly clean energy, which had previously thrived during the Trump administration [1] - The Invesco Solar ETF, a major player in the clean energy sector, has not performed well in recent months, contrasting with its strong performance from late 2016 through 2020 [1]

Group 1 - RH's sales are gaining momentum, with margins showing positive inflection, and easy comparisons suggesting expansion through the first half of 2025 [1] - Fourth-quarter sales reported at $812 million and earnings at $1.58 per share, missing consensus projections of $830 million and $1.91 per share [2] - Management guided to 2025 sales growth of 10%-13%, which is below the consensus estimate of 13.4% [2] Group 2 - Analyst Christopher Horvers reiterated an Overweight rating but reduced the price target from $510 to $250 [1] - Adjusted earnings estimates for 2025 and 2026 were cut from $13.16 to $11.28 per share and from $17.58 to $14.46 per share, respectively [2] - Uncertainty related to tariffs has negatively impacted the stock, which is currently trading at the low end of the valuation range [3]

Group 1 - The article discusses the performance and valuation of Saint-Gobain, a BBB+-rated building materials company, emphasizing the importance of the right valuation for investment decisions [1] - The author has a beneficial long position in the shares of Saint-Gobain and other related companies, indicating a personal investment interest [1] Group 2 - The article does not provide specific financial advice and emphasizes the need for investors to conduct their own due diligence before making investment decisions [2] - It highlights the risks associated with investing in European and Scandinavian stocks, including withholding tax risks [2]

Company Overview - Target's stock closed at $92.78, reflecting a slight increase of +0.08% from the previous day, but underperformed compared to the S&P 500's gain of 1.81% [1] - Over the past month, Target's shares have decreased by 11.28%, which is worse than the Retail-Wholesale sector's decline of 5.27% and the S&P 500's drop of 6.14% [1] Upcoming Earnings - Target is set to release its earnings report on May 21, 2025, with an expected EPS of $1.76, indicating a 13.3% decrease from the same quarter last year [2] - The Zacks Consensus Estimate for revenue is projected at $24.56 billion, which is a slight increase of 0.1% compared to the previous year [2] Full-Year Estimates - For the full year, the Zacks Consensus Estimates predict earnings of $8.99 per share and revenue of $107.49 billion, representing year-over-year increases of +1.47% and +0.86%, respectively [3] - Recent adjustments to analyst estimates are crucial as they reflect the latest business trends, with positive revisions indicating analysts' confidence in Target's performance [3][4] Valuation Metrics - Target's current Forward P/E ratio stands at 10.31, which is significantly lower than the industry average of 21.68 [6] - The company has a PEG ratio of 1.63, compared to the industry average PEG ratio of 2.46, suggesting a more favorable valuation relative to growth expectations [6] Industry Context - The Retail - Discount Stores industry, part of the broader Retail-Wholesale sector, holds a Zacks Industry Rank of 162, placing it in the bottom 35% of over 250 industries [7] - The Zacks Industry Rank is based on the average Zacks Rank of individual stocks within the industry, indicating that higher-ranked industries tend to outperform lower-ranked ones [7]

Core Viewpoint - The significant stock decline of Target presents a potential buying opportunity, especially given its strong dividend history and profit margins amidst a cooling market [1][2]. Company Performance - Target's stock has decreased by 49% over the past year, with a notable 38% drop from a recovery attempt in January 2025 [3]. - The company has maintained sector-leading profit margins despite a slowdown in revenue growth, outperforming competitors like Walmart and Costco in terms of operating, net, and cash flow margins [4]. Valuation Metrics - Target's earnings yield, which is a reverse of the P/E ratio, indicates that the stock is undervalued and presents a strong buying opportunity [7][8]. - The company has a long history of increasing dividends, having raised payouts for 54 consecutive years, resulting in a generous dividend yield compared to its peers [8][10]. Future Growth Strategies - Target is implementing a multi-faceted plan to increase annual revenue by $15 billion over the next five years, leveraging generative AI tools, selective inventory management, and enhanced shopping experiences [12]. - The company is focused on maintaining profitability and delivering consistent dividends, which is expected to provide solid income for investors in the future [11][13].

Core Viewpoint - Target's stock has fallen to multi-year lows, presenting a potential buy opportunity for investors, especially with a current annual dividend yield of 4.59% [1][10]. Valuation and Sales Outlook - Target's sales are projected to grow by 1% in fiscal 2026 and by another 3% in fiscal 2027, reaching $110.71 billion, which represents only a 1% increase over the last five years [2]. - The stock is trading at a decade-low price-to-forward sales ratio of 0.4X, significantly below the optimal level of less than 2X and the industry average of 0.5X [3]. Earnings and P/E Valuation - Target's forward earnings multiple is 10.6X, compared to the industry average of 19.8X and Walmart's 34.1X, indicating a significant discount [5]. - Annual earnings are expected to increase by over 1% in fiscal 2026 and by 7% in fiscal 2027, reaching $9.62 per share, which is a 59% increase over the last five years [6]. Technical Analysis - Technical traders are looking for Target's stock to retake its 50-day Simple Moving Average (SMA) currently at $113 for a potential rebound [9]. Dividend Reliability - Target has increased its dividend for over 50 years, with a payout ratio of 51%, suggesting the dividend is safe and may allow for future hikes [10]. - The annual dividend yield of 4.59% is significantly higher than Walmart's 1.05%, the industry average of 1.23%, and the S&P 500's average of 1.35% [10][13]. Conclusion - Target's stock is appealing to long-term investors, especially given its status as a dividend king, although tariff concerns may present better buying opportunities in the future [13].

Group 1 - The stock of Target (NYSE: TGT) is perceived as undervalued, with potential for growth if the company can achieve an operating margin of 6.0% or greater and increase revenue [1] - The author emphasizes a long-term investment focus and the importance of thorough research before making investment decisions [1] - The article reflects a personal opinion of the author, who holds a beneficial long position in TGT shares [2] Group 2 - The article does not provide specific financial metrics or performance data related to Target's current operating margin or revenue growth targets [3]

Core Viewpoint - NorthWest Copper has announced a new higher-grade target model for the Kwanika-Stardust project, aiming to enhance the value of the existing Preliminary Economic Assessment (PEA) through a staged development approach [1][4]. Summary by Sections Target Model Development - A new three-dimensional (3D) target model has been created to better understand the geometry and continuity of higher-grade zones within the current Mineral Resource at Kwanika, focusing on gold assay distribution above 1.0g/t [2][3]. - The target zones are estimated to range between 15 to 30 million tonnes of higher-grade mineralized material, with grades between 1.5% and 2.5% CuEq, and a combined mineralized true width of 30m to 45m [3][8]. Strategic Focus - The CEO emphasized that the creation of the target model is a significant step in the strategy to focus on higher-grade zones at Kwanika, with the initial phase targeting a higher-grade, lower capital cost development project [4][9]. - The higher-grade target zones are categorized into three areas based on their orientations, with two parallel zones separated by up to 20m of unmineralized dykes [5][8]. Drilling and Exploration Plans - Historical drill holes have been reinterpreted in the context of the new target model, with 52 out of 90 drill holes intersecting the target model being selected for further analysis [6][7]. - Additional drilling is planned to confirm and extend the higher-grade target zones, with a phased drill program aiming for a regular 50m drill spacing across some target zones [7][8]. Technical Validation - The target model was developed and peer-reviewed by qualified professionals, ensuring its accuracy and reliability [10][14]. - An independent Quality Assurance/Quality Control (QA/QC) program has been in place since 2006, utilizing Certified Reference Materials (CRMs) and other control samples to ensure data integrity [22][23][24]. Management Changes - The company announced the appointment of Sapan Bedi as the Interim CFO and Corporate Secretary, effective April 25, 2025, following the departure of Lauren McDougall [11][12][13].