Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong growth stocks can be challenging due to inherent volatility and risks [1] Group 1: Company Overview - Wheaton Precious Metals Corp. (WPM) is currently recommended as a cutting-edge growth stock by the Zacks Growth Style Score system, which evaluates a company's real growth prospects beyond traditional metrics [2] - The company holds a favorable Growth Score and a top Zacks Rank, indicating strong investment potential [2] Group 2: Earnings Growth - Historical EPS growth for Wheaton Precious Metals is 6.3%, but projected EPS growth for this year is significantly higher at 50.9%, surpassing the industry average of 40.7% [4] Group 3: Cash Flow Growth - Year-over-year cash flow growth for Wheaton Precious Metals stands at 18.6%, which is notably higher than the industry average of -1.8% [5] - The company's annualized cash flow growth rate over the past 3-5 years is 11.7%, compared to the industry average of 6.8% [6] Group 4: Earnings Estimate Revisions - Current-year earnings estimates for Wheaton Precious Metals have been revised upward, with the Zacks Consensus Estimate increasing by 1.2% over the past month [8] - The positive trend in earnings estimate revisions correlates strongly with near-term stock price movements, enhancing the stock's attractiveness [7] Group 5: Investment Positioning - Wheaton Precious Metals has achieved a Zacks Rank 1 (Strong Buy) due to favorable earnings estimate revisions and a Growth Score of B, positioning it well for potential outperformance [9][10]

Core Points - Discovery Silver Corp. held its Annual General and Special Meeting on June 25, 2025, where shareholders overwhelmingly supported the election of all director nominees [1] - The company appointed PricewaterhouseCoopers LLP as auditors for the upcoming year and approved several plans including the Long Term Incentive Plan and amendments to the Deferred Share Unit Plan [1][2] Voting Results - The voting results for director nominees showed high approval rates, with Anthony Makuch receiving 99.95% of votes cast in favor [1] - The appointment of auditors received 99.91% support, while the Long Term Incentive Plan was approved with 93.82% of votes [2] - Other plans, including the Deferred Share Unit Plan and unallocated options, also received over 92% approval [2] Company Overview - Discovery Silver Corp. is focused on precious metals, particularly silver, with its primary asset being the Cordero project in Mexico, one of the largest undeveloped silver deposits [3] - The company recently acquired the Porcupine Complex from Newmont Corporation, enhancing its position as a Canadian gold producer with significant mineral resources [3]

Company Overview - A-Mark is a leading fully integrated precious metals platform[2, 82] - The company operates an integrated platform including wholesale, minting, storage & logistics, and secured lending[12] - Insider ownership accounts for approximately 23% of outstanding shares as of Q3 FY25[13] Financial Performance - For the nine months ended March 31, 2025, gross profit was $129.2 million[24] - EBITDA for the nine months ended March 31, 2025, was $35.3 million[24] - Diluted EPS for the nine months ended March 31, 2025, was $0.29[24] - Secured loan portfolio value was $86.512 million as of Q3 FY25[67] Direct to Consumer (DTC) Segment - The company added 1,020,300 new DTC customers in the nine months ended March 31, 2025[24] - The number of active DTC customers was 410,700 for the nine months ended March 31, 2025[24] - The average order value (AOV) for the DTC segment was $3,080 for the nine months ended March 31, 2025[24] Wholesale Segment - Gold ounces sold in the wholesale segment were 916,000 for the nine months ended March 31, 2025[24] - Silver ounces sold in the wholesale segment were 43,301,000 for the nine months ended March 31, 2025[24]

Group 1: Jabil (JBL) - Jabil is one of the largest global suppliers of electronic manufacturing services with a Zacks Rank 1 (Strong Buy) [1] - The Zacks Consensus Estimate for Jabil's current year earnings increased by 2.1% over the last 60 days [1] - Jabil's shares gained 39% over the last three months compared to the S&P 500's gain of 4.6%, and it has a Momentum Score of A [1] Group 2: Wheaton Precious Metals (WPM) - Wheaton Precious Metals is one of the largest precious metal streaming companies globally, also holding a Zacks Rank 1 [2] - The Zacks Consensus Estimate for Wheaton's current year earnings increased by 5.5% over the last 60 days [2] - Wheaton's shares gained 20.9% over the last three months compared to the S&P 500's gain of 4.6%, and it has a Momentum Score of A [2] Group 3: Triple Flag Precious Metals Corp. (TFPM) - Triple Flag Precious Metals is a gold-focused streaming and royalty company with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for Triple Flag's current year earnings increased by 4% over the last 60 days [3] - Triple Flag's shares gained 29.7% over the last three months compared to the S&P 500's gain of 4.6%, and it has a Momentum Score of A [3]

Core Insights - Pan American Silver (PAAS) started 2025 with operating performance that met expectations, indicating a positive outlook for the year ahead [1] - Silver production reached 5 million ounces in the quarter, aligning with the high end of the projected range of 4.75 - 5 million ounces, consistent with the previous year's quarter [1] Production Performance - La Colorada experienced increased output due to improved ventilation conditions [2] - El Peñon saw production gains from higher throughput and better silver grades [2] - Huaron reported improved numbers from additional development but at lower grades [2] - Cerro Moro and San Vicente faced lower output due to mine sequencing into lower silver grade zones [3] - Dolores production decreased following the cessation of mining operations in July 2024 [3] Gold Production - Gold production was 182.2 thousand ounces, within the guidance of 175–189 thousand ounces, but lower than 222.9 thousand ounces from the previous year due to the sale of La Arena mine and lower grades at other sites [4] - Gold production for 2025 is projected at 735 – 800 thousand ounces, down from 895.5 thousand ounces in 2024 [6] Future Outlook - PAAS anticipates an increase in silver and gold production in the remaining quarters of 2025, maintaining silver production guidance at 20–21 million ounces [5] - The acquisition of MAG Silver Corp. for $2.1 billion is expected to enhance PAAS's production capabilities, particularly from the Juanicipio project, which is forecasted to produce 14.7-16.7 million ounces of silver in 2025 [7][8] Peer Comparison - Hecla Mining, a close competitor, reported a solid start to 2025 with 4.1 million ounces of silver and 34,232 ounces of gold produced in the first quarter [9] - Hecla Mining's silver production guidance for 2025 is set at 15.5 - 17.0 million ounces, compared to 16.2 million ounces in 2024 [9] Stock Performance - PAAS shares have increased by 41.8% year-to-date, outperforming the industry growth of 32.1% and the Basic Materials sector's rise of 7.2% [11][12] - The Zacks Consensus Estimate for PAAS's earnings for 2025 has risen by 9.7% over the past 60 days, with an expected earnings per share of $1.47, reflecting an 86.1% year-over-year increase [15]

Group 1: Royal Gold (RGLD) - The company focuses on acquiring and managing precious metals stream and royalty interests, primarily in gold [1] - The Zacks Consensus Estimate for its current year earnings has increased by 9.3% over the last 60 days [1] - The company has a Zacks Rank of 1 (Strong Buy) and a dividend yield of 1%, compared to the industry average of 0.0% [1] Group 2: Allison Transmission Holdings (ALSN) - The company manufactures fully-automatic transmissions for medium and heavy-duty commercial and heavy-tactical U.S. defense vehicles [2] - The Zacks Consensus Estimate for its current year earnings has increased by 6.5% over the last 60 days [2] - The company has a Zacks Rank of 1 (Strong Buy) and a dividend yield of 1.2%, compared to the industry average of 0.0% [2] Group 3: Virco Manufacturing (VIRC) - The company designs, produces, and distributes quality furniture for the contract and education markets worldwide [3] - The Zacks Consensus Estimate for its current year earnings has increased by 26.6% over the last 60 days [3] - The company has a Zacks Rank of 1 (Strong Buy) and a dividend yield of 1.3%, compared to the industry average of 0.0% [3]

Core Insights - Zacks Premium provides various tools to enhance stock market investment confidence and knowledge [1][2] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market in the short term [3][4] Zacks Style Scores - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [4][5][6][7] - Value Score identifies undervalued stocks using financial ratios [4] - Growth Score assesses a company's financial health and future growth potential [5] - Momentum Score capitalizes on price trends and earnings outlook changes [6] - VGM Score combines the three styles to highlight stocks with the best overall characteristics [7] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to assist in stock selection [8] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [9] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal returns [11] Stock Example: Royal Gold (RGLD) - Royal Gold operates in the precious metals sector, primarily focusing on gold, and is currently rated 3 (Hold) with a VGM Score of B [13] - The company is projected to experience a year-over-year earnings growth of 35.9% for the current fiscal year, supported by positive earnings estimate revisions [14] - With a solid Zacks Rank and favorable Growth and VGM Style Scores, Royal Gold is recommended for investors' consideration [14]

Core Viewpoint - The gold market is currently experiencing a tug-of-war between "policy suppression" due to the Federal Reserve's hawkish stance and "safe-haven support" from geopolitical uncertainties, particularly in the Middle East [1][2]. Group 1: Market Performance - Gold prices exhibited a bearish trend yesterday, with a drop to a low of $3362 before closing at $3368, forming a small bearish candle on the daily chart [1]. - The Federal Reserve maintained the overnight interest rate at 4.25%-4.50%, aligning with market expectations, but hawkish comments from Chairman Powell introduced new uncertainties [1]. - The geopolitical situation in the Middle East, including the confirmed evacuation of Chinese citizens from the Israel-Palestine region, has provided a solid safe-haven support for gold [1]. Group 2: Technical Analysis - Technically, gold remains within the range of the 5-day and 10-day moving averages, indicating a need for technical consolidation without significant bearish momentum [2]. - The upper resistance level is around $3480, while the lower support level is near the 10-day moving average at $3365, with a potential pullback to the 20-day moving average at $3350 [2]. - The current market dynamics suggest a focus on range-bound trading, with a strategy of "mainly range oscillation, with breakouts as a supplement" being recommended [2]. Group 3: Trading Recommendations - The suggested trading range for gold is between $3395 and $3360, with a stop loss of $8 and a take profit target of $20-30 [3].

Core Viewpoint - Asia Broadband Inc. has launched its next-generation Merchant Point-of-Sale (QR POS) platform, enabling merchants to register for a secure and feature-rich payment processing system designed to enhance operational efficiency and customer experience [1][5]. Group 1: Product Features and Benefits - The AABBG Wallet will utilize an integrated QR POS application, providing low-cost, rapid transaction processing with higher spending limits, tested extensively in El Salvador [2]. - The QR POS is a blockchain-based platform adaptable for both web and mobile screens, ensuring a seamless user experience for merchants and customers [3]. - Key features include transaction history tracking, basic statistics on earnings, QR code payment requests, and mobile adaptation for a consistent experience across devices [7]. Group 2: Registration and Onboarding - Merchants can register for the new QR POS by emailing the company with their contact details and business information, securing their spot for the next-generation Merchant POS [5]. - Early registrants will benefit from expedited setup and dedicated onboarding support, as well as opportunities to influence product development through feedback sessions and beta testing [8]. Group 3: Company Overview - Asia Broadband Inc. focuses on precious metals production and physical gold holdings, leveraging geographic expertise and industry contacts to expand its operations in Mexico [6]. - The company also has a digital assets segment, including a gold-backed cryptocurrency and unique NFT collections, aiming to establish a stable and trusted standard of exchange [6].

李冈峰 欧洲天然资源基金 Commodity Discovery 特约分析师 这是一个主要从美国每周的CFTC数据公布基金(Managed Positions)在当地期货市场的各种部署，继而反映 现时市场对贵金属的情绪和对短/中期的一个价格判断。美国每周五收市后公布的CFTC数据，记录日为刚过 去的周二(如果过去一周原本工作日是假日的话数据出炉会延期)。 概要 美钯基金净空进一步回升至17吨为过去31周最高水平。笔者认为纵使钯金的大牛市已经完结，但 要是一天钯金还是维持在巨大净空水平，其他贵金属可能还是比较困难完全转势。美钯基金持仓 已经是连续129周处于净空水平处于历史最长净空当中。 随着黄金的牛市越来越漫长，美股又没有出现大跌的情况下，现时市场的风险承受情绪明显高 昂，大量资金流进白银期货市场，导致美国的白银合约的多头上周急剧攀升，金银比大跌。 不过 随着中东地缘政治转差，金银比又再次回升，显现真金不怕洪炉火。 除了黄金避险外，原油(政局风险)、中国具垄断供应的物料(稀土、锑、钨等)国际价(不是国内价) 理论上应可看高一线。 | | COMEX黄金 | | | COMEX白银 | | Nymex铂金 | ...