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Eurasia agrees to divest West Kytlim mining operations in Russia
Yahoo Finance· 2025-12-30 12:03
Core Viewpoint - Eurasia Mining has decided to sell its West Kytlim operations due to concerns over potential nationalization and regulatory risks in Russia [1][4]. Group 1: Sale Agreement Details - The company has accepted terms to divest its stake in Kosvinsky Kamen, which holds the West Kytlim alluvial platinum group metals and gold operations [1]. - The transaction values the loss-making asset at approximately $251 million, with the buyer set to pay Rbs671.2 million (around $9 million) [2]. - The significant difference between the asset's valuation and the expected proceeds is attributed to Russian regulations that limit foreign owners' returns from asset sales amid geopolitical tensions [3]. Group 2: Strategic Focus Shift - Eurasia Mining indicated that the West Kytlim asset represents only 0.3% of its total reserves, and the company aims to focus on its Arctic portfolio, which constitutes 99.7% of its reserves [4]. - The planned disposal aligns with the company's strategy to streamline its asset base and concentrate on higher-value projects in the Arctic region [5]. - The Arctic assets are supported by an agreement with the state-owned Far East and Arctic Development Corporation [5]. Group 3: Financial Implications - The sale is expected to provide non-dilutive funding for the development of the remaining Arctic portfolio, including the Tier 1 nickel-copper deposit NKT, which has an estimated net present value of $1.2 billion to $1.7 billion [6]. - As part of the deal, Kosvinsky Kamen will transfer the Travyanaya licence to Eurasia, allowing the company to retain this licence post-sale [6]. Group 4: Board Recommendations - The board of Eurasia Mining believes the sale is in the best interests of the company and has unanimously recommended that shareholders vote in favor of the transaction [7].
Wall Street sets HIMS' stock price for the next 12 months
Finbold· 2025-08-05 13:36
Core Insights - Hims & Hers Health is experiencing a turbulent period following a disappointing Q2 2025 earnings report, leading to projections of extended losses for the stock [1] - The company's stock price fell 12% in pre-market trading, closing at $55, down from $63.35, but remains over 150% higher year-to-date [1] Financial Performance - In Q2 2025, Hims & Hers reported a 73% year-over-year revenue increase to $544.8 million, which was below the expected $552 million [3] - Adjusted EPS was $0.17, surpassing the forecasted $0.15 [3] Market Sentiment - Investors reacted negatively to the revenue miss and ongoing regulatory concerns regarding the company's compounded GLP-1 drug offerings [4] - Wall Street analysts project an average price of $42.33 for HIMS stock over the next 12 months, indicating a 33.18% decline from its current price [5] Analyst Ratings - The consensus rating for HIMS stock is 'Hold', with one 'Buy', seven 'Hold', and two 'Sell' ratings [5] - Bank of America analyst Allen Lutz maintains a 'Sell' rating with a $28 price target, suggesting a potential 55% downside due to weak core business growth and integration risks [8] - TD Cowen's Jonna Kim reiterated a 'Hold' rating, raising the price target to $48, citing short-term challenges and long-term investments as key headwinds [9]