AEM's Solid FCF Places It on Firm Footing: Can It Fuel Future Growth?
ZACKS· 2025-06-13 12:31
Core Insights - Agnico Eagle Mines Limited (AEM) reported a first-quarter free cash flow of $594 million, a 50% increase from $396 million a year ago, driven by strong gold prices, disciplined capital spending, and robust operational results [2][8] - The company aims to invest in growth initiatives, including underground expansion at Canadian Malartic, Hope Bay, and Detour Lake, while also focusing on debt repayments and shareholder returns [3][4] - AEM returned approximately $920 million to shareholders through dividends and repurchases last year, with $251 million returned in the first quarter of this year [4][8] Financial Performance - AEM's free cash flow before working capital adjustments reached $759 million, nearly double the prior year's amount [2] - The company reduced its net debt by $212 million sequentially, ending the first quarter with a net debt of just $5 million [3][8] - AEM's shares have increased by 56.1% year-to-date, outperforming the Zacks Mining – Gold industry's rise of 49.7% [7] Comparison with Peers - Newmont Corporation (NEM) achieved a record first-quarter free cash flow of $1.2 billion, a significant turnaround from a negative $74 million in the same period last year, although it faces headwinds for the second quarter [5] - Barrick Mining Corporation (B) reported a free cash flow of $375 million for the first quarter, a nearly 12-fold increase year-over-year, driven by higher operating cash flows [6] Valuation and Earnings Estimates - AEM is currently trading at a forward 12-month earnings multiple of 20.18, approximately 50% higher than the industry average of 13.46 [10] - The Zacks Consensus Estimate for AEM's earnings in 2025 and 2026 indicates a year-over-year rise of 42.6% and 0.8%, respectively, with EPS estimates trending higher over the past 60 days [11]
MUFG Announces $600 Million Senior Unsecured Term Loan Financing for Aircastle Limited and Subsidiaries
Prnewswire· 2025-06-13 12:31
Group 1 - Mitsubishi UFJ Financial Group (MUFG) has closed a $600 million unsecured term loan to support Aircastle Limited, a premier aircraft lessor, for working capital and aircraft acquisitions through April 2030 [1][2] - The loan facility was oversubscribed, indicating strong market confidence in Aircastle's financial strength and its strategic relationships with banking partners [2] - Aircastle currently owns and manages 274 aircraft with a net book value of $7.9 billion, serving 77 lessees across 47 countries [5] Group 2 - MUFG acted as the Left Joint Lead Arranger and Administrative Agent for the loan, with participation from 18 banks, showcasing its strong position in the financial market [2] - The transaction was executed during a period of heightened market volatility, demonstrating MUFG's capability to navigate challenging conditions for its aviation clients [2] - Aircastle's focus on acquiring in-demand narrow-body aircraft is part of its strategy to grow its portfolio and provide efficient and sustainable solutions to global customers [2][5]
Sienna Announces June Dividend
Globenewswire· 2025-06-13 12:30
Dividend Announcement - Sienna Senior Living Inc. announced a dividend of $0.078 per common share for June 2025, which annualizes to $0.936 per common share [1] - The dividend will be payable on July 15, 2025, to shareholders of record as of June 30, 2025 [1] Tax Designation - The dividends are designated as eligible dividends for Canadian tax purposes in accordance with the Income Tax Act (Canada) [2] Dividend Reinvestment Plan - Sienna has a Dividend Reinvestment Plan (DRIP) allowing eligible shareholders to reinvest cash dividends in additional common shares at a 3% discount from the market price [3] - Participation in the DRIP is optional, and shareholders not participating will continue to receive cash dividends [3] Company Overview - Sienna Senior Living Inc. offers a full range of senior living options, including independent living, assisted living, memory care, long-term care, and specialized programs [4] - The company employs approximately 14,500 individuals dedicated to enhancing daily life for residents [4]
Safety Shot, Inc. and Yerbaé Brands Corp Majority Shareholders Approve Proposed Acquisition of Yerbaé Brands Corp.
Globenewswire· 2025-06-13 12:30
Core Viewpoint - Safety Shot, Inc. has received majority shareholder approval for the acquisition of Yerbaé Brands Corp., marking a significant strategic move in the wellness and functional beverage market [1][2][3]. Company Overview - Safety Shot, Inc. specializes in wellness and dietary supplements, notably its patented Sure Shot™ product, which reduces blood alcohol content while enhancing clarity and energy [5]. - Yerbaé Brands Corp. is a plant-based functional beverage company known for its zero-sugar, zero-calorie energy drinks, appealing to health-conscious consumers [6]. Acquisition Details - The acquisition was approved during a Special Meeting of Stockholders and is expected to close next week, with the combined entity continuing under the name Safety Shot, Inc. and trading on Nasdaq under the ticker "SHOT" [2][3]. - The merger aims to leverage Yerbaé's distribution network to enhance the growth of both brands, creating a stronger presence in the functional beverage market [3]. Future Plans - Following the merger, the company plans to announce further details and will file a Current Report on Form 8-K with the U.S. Securities and Exchange Commission [4]. - Safety Shot is also expanding its business-to-business sales of Sure Shot to various distributors and retailers throughout 2025 [5].
Tiziana Life Sciences to Present at the Bio International Convention
Globenewswire· 2025-06-13 12:30
Core Insights - Tiziana Life Sciences is developing intranasal foralumab, a fully human anti-CD3 monoclonal antibody, aimed at treating neuroinflammatory and neurodegenerative diseases [1][3][4] - The company is conducting a Phase 2 trial for non-active Secondary Progressive Multiple Sclerosis (na-SPMS) and plans to initiate a Phase 2 trial for early Alzheimer's Disease [1][2] Company Overview - Tiziana Life Sciences is a clinical-stage biopharmaceutical company focused on innovative drug delivery technologies for immunotherapy [4] - The company’s lead candidate, intranasal foralumab, is the only fully human anti-CD3 monoclonal antibody currently in clinical development, showing a favorable safety profile and clinical response [4] Clinical Development - The Phase 2 trial for intranasal foralumab in na-SPMS began patient screening in November 2023, with positive outcomes reported in an open-label program involving 10 patients [2][3] - The drug is designed to stimulate T regulatory cells through intranasal administration, promoting immune tolerance while minimizing systemic immune suppression [1][2]
Host Hotels & Resorts Announces Second Quarter 2025 Earnings Call to be Held on July 31, 2025
Globenewswire· 2025-06-13 12:30
BETHESDA, Md., June 13, 2025 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust, will report second quarter 2025 financial results on Wednesday, July 30, 2025, after the market close. The Company will hold a conference call to discuss its second quarter 2025 results and business outlook on Thursday, July 31, 2025, at 11:00 a.m. ET. Conference call access information is as follows: Conference Call: USA/Canada Toll Free Numb ...
Duluth Couple Opens AtWork to Serve West Gwinnett Community
GlobeNewswire News Room· 2025-06-13 12:30
GWINNETT, Ga., June 13, 2025 (GLOBE NEWSWIRE) -- AtWork®, the nation’s leading staffing franchise for empowering job seekers and facilitating company growth, has opened its newest location in Duluth at 6601 Sugarloaf Parkway, Ste. 220, conveniently located right off I-85, near Gas South Arena. AtWork West Gwinnett is locally owned by Wendy Smith and her husband, Jeremy. Wendy brings more than 25 years of experience in human resources and has operated her own HR consulting firm since 2017. She is a Six Sig ...
New York Mortgage Trust, Inc. Announces Receipt of Requisite Consents and Completion of Consent Solicitation Process for 5.75% Senior Notes Due 2026
Globenewswire· 2025-06-13 12:30
Core Points - New York Mortgage Trust, Inc. successfully completed a consent solicitation, securing necessary consents from holders of a majority of its outstanding 5.75% Senior Notes due 2026 to approve a proposed amendment to the indenture governing the Notes [1][2] - The Company will pay a cash payment of $4.00 per $1,000 principal amount of Notes for which valid consents were delivered by the expiration date [3] - The consent payment is contingent upon the satisfaction or waiver of certain conditions outlined in the Consent Solicitation Statement [4] Company Overview - New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust (REIT) for federal income tax purposes, focusing on acquiring, investing in, financing, and managing primarily mortgage-related residential assets [5]
Lead Real Estate Co., Ltd Announces the Sale of a Planned Hotel, ENT TERRACE TSUKIJI 6 CHOME, Where the Urban Development Project of the Decade in Tokyo is Taking Place
Globenewswire· 2025-06-13 12:30
Interior Renderings of ENT TERRACE Tsukiji 6 Chome (1) Interior Renderings of ENT TERRACE Tsukiji 6 Chome (1) Interior Renderings of ENT TERRACE Tsukiji 6 Chome (2) Interior Renderings of ENT TERRACE Tsukiji 6 Chome (2) Beautiful View Villa (Left) Produced by Pro Style Design Beautiful View Villa (Left) Produced by Pro Style Design Luxury Italian Casa (Right), Produced by Pro Style Design Luxury Italian Casa (Right), Produced by Pro Style Design Conceptual Map of the Tsukiji District Commun ...
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Seeking Alpha· 2025-06-13 12:30
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