Latest news with #OvaisHabib
Yahoo
4 days ago
- Business
- Yahoo
Scotiabank Maintained a Buy Rating on Pan American Silver (PAAS), Kept the PT Unchanged
Pan American Silver Corp. (NYSE:PAAS) is one of the Best Performing Canadian Stocks So Far in 2025. On August 7, Ovais Habib from Scotiabank maintained a Buy rating on Pan American Silver Corp. (NYSE:PAAS) with a price target of $36.50. The reiterated bullish sentiment follows the company's unaudited second-quarter 2025 results announcement. During the quarter, the company achieved a record free cash flow of $233 million, boosting its cash reserves to $1.1 billion. Management noted that it plans to invest $500 million to acquire MAG Silver Corp., adding the high-margin Juanicipio mine in Mexico to increase silver production by about 35% annually. A large drill in operation deep in a mine, surrounded by the machinery of a modern extraction site. In addition to this, the company's silver production reached 5.1 million ounces, and gold production was 178,700 ounces. As a result, Pan American Silver Corp.'s (NYSE:PAAS) revenue reached $811.9 million, reflecting an 18.30% increase year-over-year and ahead of estimates by $39.53 million. Management has also raised its dividend by 20%, from $0.10 to $0.12 per share, and remains on track with its 2025 production and cost outlook. Pan American Silver Corp. (NYSE:PAAS) is a mining company that produces silver, gold, copper, lead, and zinc. While we acknowledge the potential of PAAS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Business Insider
28-06-2025
- Business
- Business Insider
Scotiabank Remains a Buy on Aya Gold & Silver (AYA)
In a report released yesterday, Ovais Habib from Scotiabank maintained a Buy rating on Aya Gold & Silver (AYA – Research Report), with a price target of C$18.50. The company's shares closed yesterday at C$11.92. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Habib covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Alamos Gold, and Aya Gold & Silver. According to TipRanks, Habib has an average return of 9.7% and a 51.96% success rate on recommended stocks. Currently, the analyst consensus on Aya Gold & Silver is a Strong Buy with an average price target of C$20.19, implying a 69.38% upside from current levels. In a report released on June 24, National Bank also maintained a Buy rating on the stock with a C$19.00 price target. Based on Aya Gold & Silver's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$33.83 million and a net profit of C$6.93 million. In comparison, last year the company earned a revenue of C$5.08 million and had a GAAP net loss of C$2.54 million Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AYA in relation to earlier this year.
Business Insider
24-06-2025
- Business
- Business Insider
Scotiabank Keeps Their Buy Rating on Aya Gold & Silver (AYA)
In a report released today, Ovais Habib from Scotiabank maintained a Buy rating on Aya Gold & Silver (AYA – Research Report), with a price target of C$18.50. The company's shares closed today at C$12.80. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Habib covers the Basic Materials sector, focusing on stocks such as First Majestic Silver, Pan American Silver, and Alamos Gold. According to TipRanks, Habib has an average return of 10.1% and a 52.49% success rate on recommended stocks. Aya Gold & Silver has an analyst consensus of Strong Buy, with a price target consensus of C$20.25, which is a 58.20% upside from current levels. In a report released on June 18, BMO Capital also maintained a Buy rating on the stock with a C$18.00 price target. AYA market cap is currently C$1.79B and has a P/E ratio of -97.52. Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AYA in relation to earlier this year.
Yahoo
07-06-2025
- Business
- Yahoo
Orla Mining price target raised to C$16 from C$15.50 at Scotiabank
Scotiabank analyst Ovais Habib raised the firm's price target on Orla Mining (ORLA) to C$16 from C$15.50 and keeps an Outperform rating on the shares. Scotia noted that Orla reported its first sulphide underground resource estimate for the Camino Rojo asset, with measured and indicated resources estimated at 50.1 Mt of ore at 2.45 g/t Au, 10.6 g/t Ag, and 0.35% Zn for a total of 4.2 Moz AuEq, which the firm sees as a 'positive' for Orla shares. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on ORLA: Disclaimer & DisclosureReport an Issue Orla Mining Unveils Initial Underground Resource Estimate for Camino Rojo Orla Mining's Earnings Call: Record Gold Production and Positive Outlook Orla Mining Boosts 2025 Production with Musselwhite Acquisition OLA Earnings this Week: How Will it Perform? Orla Mining price target raised to C$19 from C$15.50 at Stifel
