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Toronto, Ontario--(Newsfile Corp. - September 9, 2026) - GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) the ("Company" or "GT") is pleased to announce initial results from the 2026 field program on the recently optioned CD Project in Yukon's Dawson Range Gold Belt, located near Carmacks (the "Property" or "CD") (Figure 1). CD hosts a gold - copper porphyry target, with valid drill permits until 2033 and co-incident soil and geophysical anomalies.

"GT's first work program at CD consisted of geological mapping, prospecting and soil sampling. The field program confirmed historic soil and bedrock gold-copper anomalies and significantly expanded our knowledge of the geology and alteration styles present on the property. This work has re-enforced our thesis that we have an untested porphyry system, and we also have indications of skarn type mineralization.

The work program also included a focused airborne MobileMT survey ("Mobile MagnetoTellurics") results of which are expected shortly. This technology was specifically chosen for its ability to map subsurface resistivity and conductivity to help identify disseminated sulphide mineralization, alteration, and geological contacts at depth. The data being obtained complements the existing ground-based IP ('Induced Polarization") and magnetics surveys thereby allowing GT to create a detailed 3D model of the Maloney Porphyry target which will help identify high-priority drill targets," commented Neil Pettigrew, Vice President of Exploration.

The CD Project exhibits significant geological parallels to Western Copper and Gold's Casino Porphyry deposit, situated 90 kilometers to the northwest. The Casino deposit hosts a Measured and Indicated Resource Estimate of 7.6 billion pounds of copper and 14.8 million ounces of gold (Roth et al. 2022 ).

Exploration Plan and Next Steps

2026

GT's inaugural work program has aided the definition of Maloney Porphyry targets and reduced the reliance on expensive higher risk broadly spaced or conceptual drill testing, thereby supporting a more efficient allocation of exploration risk capital.

Mineralogical studies to further refine porphyry style alteration halos and age dating of prospective porphyry intrusive rocks are planned prior to drill testing.

2027

GT's plans to conduct a 2,500 to 3,000 meter diamond drill program at the beginning of the exploration season. This campaign will be designed systematically to test the gold-rich copper porphyry potential and high-grade gold-silver vein targets.

Field Program Highlights

Maloney Target:

Multi-Intrusive Porphyry System:

Geological mapping revealed a series of feldspar porphyry dykes some of which possess disseminated copper mineralization and porphyry-style stockwork veining. Traditionally these dykes have been assigned to the older Whitehorse suite but remain un-dated and may simply represent a different phase of the prospective younger Casino / Prospector suite pointing toward a multi-intrusive porphyry centre at Maloney.

Porphyry Style Alteration and Brecciation:

Strong phyllic (sericite-quartz-pyrite) alteration is associated with quartz-feldspar porphyry brecciation of wall rock quartzite.

Localized potassic actinolite-magnetite-quartz+/-biotite alteration.

Widespread epidote-magnetite-pyrite alteration of wall rock especially felsic tuff proximal to feldspar porphyry dykes suggests potential for copper- gold skarn style mineralization.

Coincident Soil and Geophysical Anomalies with Alteration Halos

The central magnetic high is a result of strong magnetite alteration of feldspar porphyry dykes and wall rock.

The IP chargeability anomaly correlates well with a strong gold-in-soil anomaly which in turn correlates with a zone of strong brecciation and phyllic alteration surrounding the magnetic high.

Schist Target, an untested vein hosted gold-silver system

Prospecting returned up to 5.6 g/t gold in weathered breccia vein material confirming historic results (6.29 g/t gold in grabs and trench chip samples of 1.67 g/t gold over 6.5 meters)

Of the 41 prospecting samples collected over 10% returned greater than 1.0 g/t gold

Soil sampling returned up to 0.141 ppm gold confirming historic gold-in-soil anomalies

Recent work suggests the Schist Target is a structurally controlled vein breccia zone with a strong arsenic-antimony-mercury-lead pathfinder signature suggesting an epithermal gold system likely resenting a more distal porphyry-related hydrothermal system.

Geology of the CD Project

The CD Project lies within the Yukon-Tanana terrane (Figure 1), a continental arc that developed along the ancient Pacific margin of North America from the Late Devonian to Permian and is situated between the Tintina Fault to the northeast, and the Denali Fault to the southwest. In the CD Project vicinity, specifically the Maloney Target area, the terrane is dominated by the Devonian and older rocks of the Snowcap Assemblage, which is in turn dominated by fine clastic rocks, quartzite, psammite and conglomerate, including marble horizons metamorphosed to amphibolite grade. The Snowcap Assemblage has been intruded by numerous intermediate to felsic granitoid batholiths since the early Jurassic, notably in the Casino and CD areas by the voluminous mid-Cretaceous Whitehorse Suite. The Whitehorse Suite intrusive event (~100-111 million years) was followed by a more restricted late Cretaceous Casino / Prospector Mountain Suite (~79-72 million years) felsic intrusive event which is closely associated with mineralization at the Casino, Klaza and Mount Nansen deposits. (Figure 1).

Geological mapping and exploration in general at CD has historically been complicated by limited outcrop, surficial cover, loess and deep weathering, typical of parts of the unglaciated or partially glaciated Yukon Plateau. From available outcrop, the geology, structure and intrusive relationships at the CD Project have many analogs to the Casino deposit. At Casino a late Cretaceous porphyry (Patton Porphyry) has intruded and brecciated surrounding Whitehorse rocks. This strongly phyllic and potassic altered-breccias which hosts the gold-rich copper mineralization contains abundant disseminated pyrite and chalcopyrite and forms a discrete (~1,800 x 1,000 m) pipe shaped halo surrounding the relatively massive Patton Porphyry. At CD, mapping indicates similar relationships with both Snowcap rock intruded by late Casino / Prospector suite age (~75 million years) quartz-feldspar porphyritic rocks with widespread phyllic alteration (sericite-quartz-pyrite) and local intense brecciation. Geophysical data at CD displays a similar geometry to Casino with a magnetic core interpreted to represent a series of feldspar porphyry dykes and associated magnetite-rich alteration plunging to the southeast flanked by a phyllic altered and brecciated IP chargeability rim (Figure 3).

Another style of mineralization present at CD is the vein hosted gold-silver mineralization present at the Schist Target (Figure 4). Less is known about this style of mineralization, and no drilling has been conducted. The mineralization at Schist may be related to the nearby, younger Klaza-style vein hosted gold-silver-lead-zinc deposit (Figure 1) or a more distal epithermal phase of yet to be identified porphyry system. The Schist target comprises gold, silver bearing breccia veins with arsenic-antimony-mercury-lead pathfinder signatures in hydrothermally altered Snowcap assemblage rocks. Mineralization within the breccia veins consists of fine-grained disseminated pyrite and arsenopyrite with manganese oxide, limonite and strong silica-sericite alteration. The Schist target contains a widespread (2,000 x 500 m) gold and arsenic-in-soil anomaly and numerous placer mining claims have recently been staked in the area.

Structurally, CD, Casino and Klaza are all located near the intersection of large-scale northwest and smaller scale northeast structures which may provide dilation for late Cretaceous porphyry intrusions and/or hydrothermal vein formation.

Figure 1. (A) Location map of the CD project and nearby advanced projects (blue dots) and exploration projects (orange dots) within the Dawson Range Gold Belt. (B) Regional geology surrounding the CD project, including location of nearby deposits (blue) and exploration projects (orange), notably those of similar late Cretaceous age "Casino & Prospector Mountain Suite" including Casino, Klaza and Mount Nansen.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/313486_e30111a8a4bb6b7c_001full.jpg

Figure 2. Re-interpreted geology and alteration halos of Maloney Porphyry target area resulting form the 2026 mapping program, including recently collected prospecting samples (diamonds) and soil samples (triangles) overlaid on historic Au-in-Soil samples (circles).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/313486_e30111a8a4bb6b7c_002full.jpg

Figure 3. 3D Isometric view looking northwest of CD's porphyry target showing a core defined by an inverted magnetic high (purple) flanked by an IP chargeability high rim (orange). This pattern is interpreted to be a magnetic porphyritic intrusive and alteration (epidote-pyrite-magnetic & actinote-magnetite-quartz+/-biotite) plunging to the southeast surrounded by strong phyllic (sericite-quartz-pyrite) alteration halo, brecciation and veining similar to the mineralized breccia zone which surrounds an unmineralized porphyry intrusive core at the Casino deposit.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/313486_e30111a8a4bb6b7c_003full.jpg

Figure 4. Shist Gold - Silver Target, with historic gold-in-soil anomalies showing revised geology and recent prospecting and soil sample which correlate well with historic results. Field observation indicates mineralization is hosted withing intensely silicified and sericitized vein breccias with a strong east-west structural control. 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/313486_e30111a8a4bb6b7c_004full.jpg

Figure 5. Alteration styles form the Maloney Porphyry Target area. A. Maloney Main showing chalcopyrite mineralized feldspar porphyry showing strong weather rind. B. Potassic magnetite - actinolite - quartz +/- biotite stockwork and brecciation in feldspar porphyry. C. Strong Epidote +/- magnetite +/- pyrite replacing felsic tuff wall rock. D. Intense phyllic (sericite - quartz +/- pyrite) altered quartz-feldspar porphyry brecciating quartzite and schist wall rock. E. Phyllic Stockwork (bleaching) alteration of mafic gneiss. F. Multiphase quartz stockwork veining in altered felsic tuff wall rock adjacent to the feldspar porphyry contact.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6502/313486_e30111a8a4bb6b7c_005full.jpg

Table 1. Select 2026 prospecting and soil samples form the Maloney and Schist Target areas.

Sample 
No.UTM EastingUTM NorthingTargetRock Type / Soil Au 
ppmAg
 ppmCu
 ppmMo
 ppmAs
 ppmHg
 ppmSb
 ppmPb
 ppmZn
 ppmK1355043597756884343SchistBreccia5.64013.79420500.6849125746K1355053597726884342SchistQuartzite4.8602.915128200.6444234K1355063597766884334SchistBreccia1.95067130201.355622775K1355133600396884433SchistQuartzite1.2152.510141400.0962934K1355153600406884435SchistSchist1.8701.310165700.0895876K1355223601236884428SchistQuartz vein0.3831.19136500.05196604K1355413582536882992SchistGranodiorite0.01924.938202940.0331635285K1355463588046882916SchistQuartz vein0.1983.8819130.0278401818K1355473588036882919SchistFelsic Dyke0.124<0.565225000.0411771782K1355483484326878165MaloneyFeldspar Porphyry0.030<0.5161068<0.005<5617K1355493484346878167MaloneyFeldspar Porphyry0.055<0.5531210<0.005<5613K1355623483006878381MaloneyFeldspar Porphyry0.027<0.53714<5<0.005<5626K1355723474276878824MaloneyFelsic Tuff0.13113881110.005<51631K1355733473776878785MaloneyFelsic Tuff0.0260.63803110.006<52419K1355833494466878134MaloneyQuartzite0.1040.5546<1<5<0.005<51171K1356013599096884346SchistSoil0.1410.7314.40.9528700.4627.214.225K1356023599766884348SchistSoil0.0470.09110.452170.074.525.129K1356033600256884312SchistSoil0.0420.3613.20.452120.214.213.927K1356043597266884091SchistSoil0.0050.14112.53.2456.60.263.559.9122K1356053503016878324MaloneySoil0.0200.2658.80.7611.90.020.521044K1356063502996878350MaloneySoil0.0110.1349.70.67.70.020.48.444K1356073501956878259MaloneySoil0.0720.3496.21.8812.60.030.89.246K1356083503026878250MaloneySoil0.1270.253481.6318.60.010.7913.441K1356093474726878838MaloneySoil0.0310.7534911.122.60.012.6617.828K1356103470046878818MaloneySoil0.0040.0794.81.88.30.010.3610.553* Grab samples are selective by nature and may not be representative of average grades across the property.
* Select soil samples were collected to confirm historic Au and Cu-in-soil anomalies.

QA/QC

A total of 70 prospecting and 10 soil samples were submitted for analysis. Certified Reference Material consisting of standards and blanks were inserted every 10th sample into the sample stream by Company staff. All Standards passed within 3 standard deviations of the certified value. All blanks returned below the <0.005 gold detection limit. Samples were collected and deliver the ALS Geochemistry - Whitehorse by Company Employees. Samples were analysed for gold by fire assay with an atomic absorption finish and multi element with four-acid digestion followed by Inductively Coupled Plasma Atomic Emission Spectroscopy.

References

Paulter, J., 2018. Technical Report on the CD Project in the Dawson Range Copper - Gold belt, Yukon territory for Strategic Metals Ltd.

Roth, D., Hester, M., Marek, J.M., Tahija, L.M., Schulze, C., Friedman, D., Weston, S., 2022. Casino Project Form 43-101F1 Technical Report, Feasibility Study, Yukon, Canada.

Qualified Person
The technical information in this release has been reviewed and approved by Neil Pettigrew, M.Sc., P.Geo., Vice President of Exploration and a director of the Company and the Qualified Person as defined by National Instrument 43-101.

About GT Resources
GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) is a mineral exploration company focused on the discovery and de-risking of district-scale assets in top tier mining jurisdictions. The Company's strategy is driven by a disciplined, science-based methodology designed to create shareholder value by advancing high-potential properties toward production within robust regulatory frameworks.

In Finland, the Company is advancing its flagship Läntinen Koillismaa ("LK") Project, which hosts significant mineral resources including palladium, platinum, gold, copper, and nickel. In Canada, GT maintains a portfolio of earlier-stage, pre-resource projects targeting critical and precious metals. The quality and scale of the Company's project portfolio has attracted strategic investment from Glencore plc, one of the world's largest diversified natural resource companies.

Follow GT Resources on LinkedIn, Twitter, and at https://gtresourcesinc.com/.

ON BEHALF OF THE BOARD
"Derrick Weyrauch"
President & CEO, Director

For further information contact:
Derrick Weyrauch, President & CEO or Neil Pettigrew, Vice President Exploration
Email: [email protected]

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of GT Resources Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in mineral and commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and the impact of governmental entities. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.

Mineralization at Casino is not necessarily indicative of mineralization at the CD project.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/313486

Source: GT Resources Inc.

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Vancouver, British Columbia – TheNewswire - September 8, 2026 – Adamera Minerals Corp. (TSX-V: ADZ; OTC: DDNFF) (“Adamera” or the “Company”) announces it has filed applications for the Bromley claims, adding over 4,700 hectares contiguous to the Company’s 100%-owned South Hedley Property. This newly staked ground expands the northwestern edge of the property 12 kilometres (km) westward, connecting to the eastern claim boundary of Hudbay Minerals Inc.’s Copper Mountain mine claims.

The Bromley claim applications cover an approximately 12 x 4 km corridor concealed beneath a sequence of younger volcanic rock, where Adamera has identified distinct magnetic features. This area is positioned along an approximately 40 km east-west trend that Adamera interprets as a structural and metallogenic corridor connecting the producing Copper Mountain mine to the historic Nickel Plate mine near Hedley, British Columbia. The Company’s Max Copper-Gold Target is positioned within this corridor.

“This staking reflects our broader vision for the district. The locations of Copper Mountain, Nickel Plate, and our Max copper-gold target are not random. We believe a 40 km structure along the southern margin of the Bromley Batholith controlled the emplacement of the smaller intrusions that carry the copper and gold. Younger volcanic rocks covering this zone have largely kept it untested, and this is the type of opportunity we like to focus on,” said Mark Kolebaba, President and CEO of Adamera.

  Rationale for Staking

A district-scale corridor: The Company interprets an east-west structural and metallogenic corridor, approximately 40 km in length, extending from the producing Copper Mountain mine through the Max Copper-Gold Target to the historic Nickel Plate (Hedley) mine. This corridor roughly tracks the southern margin of the Bromley Batholith and is interpreted as a deep-seated east-west cross-structure located within the Quesnel Trough. The corridor is considered a conduit for mineralizing magmas. 

A long-lived magmatic conduit: The Company’s interpretation suggests this 40 km east-west structural corridor acted as a deep crustal conduit over a 15-million-year metallogenic epoch. This long-lived weakness may have facilitated the earlier emplacement of the mineralizing intrusions at Copper Mountain and Nickel Plate, and ultimately controlled the emplacement of the Bromley Batholith along the trend. Economic copper-gold mineralization in this district is driven by smaller, highly fractionated intrusions tapping this structural corridor, making the covered southern margin of the Bromley Batholith a prospective target. 

Covering the missing link: The Bromley claim applications cover the interpreted southern margin of the Bromley Batholith, an area approximately 12 x 4 km in extent. While younger, post-mineralization cover conceals this zone, Adamera has identified distinct magnetic features within the corridor, providing early geophysical support for targets. 

Contiguous with an active target: These new applications extend directly westward from the Company’s South Hedley Property, where an ongoing induced polarization (IP) survey has defined a chargeability anomaly ranging from 3 to 4 km in width. This land expansion covers the interpreted structural corridor extending westward from this new zone. 

Next Steps

This geological model is based on interpretation and needs to be tested through exploration work. The Bromley claim applications are currently subject to approval. Upon approval, anticipated initial work on the new claims would include prospecting, sampling, and potential airborne geophysics to define drill targets.

South Hedley Project

South Hedley is a copper-gold property near Princeton, British Columbia, within the Quesnel Trough. Work to date has advanced two targets: the Max Copper-Gold Target, a covered porphyry target defined by coincident copper-gold soil geochemistry, magnetics and IP; and Glix, a gold skarn target defined by soil geochemistry, electromagnetic and magnetic survey data. The IP survey at Max copper-gold target is currently underway. Drill permit applications for both targets were submitted in February 2026 and remain pending.

Qualified Person

Martin St. Pierre, P. Geo., a qualified person as defined by National Instrument 43-101 and a consultant to the Company, has reviewed and approved the technical content of this news release. The Copper Mountain and Nickel Plate mines are located on properties adjacent to or near the South Hedley Property. Information regarding those properties is drawn from public sources and has not been independently verified by Adamera. Mineralization on those properties is not necessarily indicative of mineralization on the South Hedley Property.

About Adamera

Adamera Minerals Corp. is targeting critical metals in the U.S. and copper-gold in southern British Columbia. In Washington State, the Company is advancing a tungsten portfolio intended to support a secure domestic supply for U.S. markets. In Canada, Adamera is exploring the South Hedley Copper-Gold Project and maintains additional gold projects in its portfolio.

On behalf of the Board of Directors,

Mark Kolebaba
President & CEO

For additional information please contact:
Email: [email protected]
Website: www.Adamera.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development, including the risk that the Bromley claim applications may not be approved. As a result, actual results may vary materially from those described in the forward-looking statements.

¹ Logan, J.M., and Mihalynuk, M.G., 2014. Tectonic controls on Early Mesozoic paired alkaline porphyry deposit belts (Cu-Au) within the Canadian Cordillera. Economic Geology, v. 109, p. 827-858.

Target (TGT +0.26%) has raised its dividend for 55 consecutive years, spanning seven bear markets (a market drop of at least 20% from peak to trough) and multiple recessions. That's the kind of resiliency that income investors love to see.

The stock has climbed about 69% since the beginning of the year and no longer looks cheap on a price-to-earnings (P/E) basis. But that rebound is backed by real progress in sales and profitability, which in turn supports the dividend. With the stock still yielding about 2.8%, it could still be a solid buy, considering the turnaround underway in the business.

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Target's improving sales are driving the stock higher Target is getting back to growth after a couple of years of weak results. Sales decline from fiscal 2024 through fiscal 2026 (ending in January). Multiple factors were to blame, including cautious consumer spending and inflation.

This year has been a different story. Net sales grew 5% year over year in the second quarter, with comparable sales up 3.8% amid solid increases in traffic. Management is guiding for full-year sales to grow about 5%. This followed a major effort to reset stores, such as expanding its fresh-produce selection and adding more space for impulse buys like snacks and candy.

Despite the stronger sales trends, there's still room for improvement. Management noted that home and apparel goods are still not where they need to be. Still, CEO Michael Fiddelke said they see their efforts "resonating with guests," which is building momentum.

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Why the stock is still a buy for income investors Target recently raised its quarterly dividend 1.8% to $1.16 per share. It says a lot about the company's durability that it kept increasing the dividend even while sales were under pressure over the last three years.

Importantly, the company's margins and free cash flow look poised to increase. Over the past year, it paid out 46% of free cash flow in dividends, leaving room to sustain the dividend if traffic softens. Its dividend payout looks very safe, with free cash flow up 51% year-over-year on a trailing 12-month basis.

Adjusted earnings rose 20% year over year in the second quarter, excluding tariff refunds. That strength reflects growth in higher-margin revenue streams, including advertising, and better in-stock levels for frequently purchased items.

Overall, Target appears to be executing well. Over time, investors should expect improving earnings and free cash flow to support continued dividend increases. The stock is fairly valued at a forward P/E of about 16, but for investors who are primarily interested in the dividend, Target is still a solid stock to buy and hold.

Key Takeaways Target will launch Beauty Studio on Sept. 10 in 600 stores, with 1,600 products from 90 brands.Beauty net sales rose to $3.64B from $3.40B a year earlier, extending high-single-digit growth.Target is adding prestige and global brands, advisers, testing, sampling and exclusive Circle offers. Target Corporation (TGT - Free Report) is leaning into its high-performing categories to maintain top-line growth, placing beauty at the forefront of its retail strategy. During the second quarter of fiscal 2026, the retailer experienced high single-digit net sales growth in its beauty segment. Building on this sustained momentum, Target is taking a bold step in its Beauty strategy with the Sept. 10 launch of Target Beauty Studio in more than 600 stores nationwide and on Target.com.

The new concept will feature more than 1,600 products from 90 prestige, emerging and global brands, with more than two-thirds of the featured brands new to Target. In the second quarter, Beauty net sales rose to $3,639 million from $3,396 million a year earlier. Management had also highlighted sustained guest response to Beauty investments made earlier in the year.

Target Beauty Studio takes that strategy beyond assortment expansion. The concept centers on discovery, combining dedicated Beauty Advisors with product testing, rotating features, exclusive Target Circle offers and a center table that showcases brands through storytelling and sampling. The assortment spans skincare, makeup, haircare, fragrance, bath and body, nails and other fast-evolving beauty segments.

The launch also adds a stronger prestige and global dimension through brands such as Sunday Riley, Briogeo, Rom&nd, Lake & Skye and Tan-Luxe. Target had previously described Beauty Studio as an elevated, immersive experience supported by dedicated advisers.

As one of seven core priority areas receiving disproportionate capital and operational resources, the beauty segment represents a key pillar in Target’s effort to drive relevance with busy families. The upcoming studio expansion marks the next chapter in Target’s multi-year effort to expand its merchandising authority in beauty.

How Does Target Stack Up Against Its Industry?Target, which competes with Dollar General Corporation (DG - Free Report) and Costco Wholesale Corporation (COST - Free Report) , has seen its shares rally 31.9% over the past three months against the industry’s 2.2% decline. While shares of Dollar General have risen 26.4%, those of Costco have fallen 4.5% in the aforementioned period.
 

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What Does Target’s Current Valuation Suggest?From a valuation standpoint, Target's forward 12-month price-to-earnings ratio stands at 16.77, lower than the industry’s 28.25. However, the stock is trading above its 12-month median level of 14.61.

Target is trading at a discount to Costco (with a forward 12-month P/E ratio of 45.42) but at a premium to Dollar General (16.75). 
 

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What Do Earnings Estimates Signal for Target?The Zacks Consensus Estimate for Target’s earnings per share for the current and next fiscal year has increased by $2.08 and 44 cents to $10.42 and $9.31, respectively, over the past 30 days.
 

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Target currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Somnigroup International NYSE: SGI said it has completed its acquisition of Leggett & Platt, expanding its vertical integration in bedding components while adding businesses serving automotive, furniture, geocomponents and hydraulic-cylinder markets.

Chairman, President and CEO Scott Thompson said the combined company has more than $11 billion in trailing 12-month sales, more than $750 million in trailing 12-month net income, over 170 manufacturing plants, more than 2,800 retail stores, over 40 direct-to-consumer e-commerce websites and approximately 36,000 associates. The company also reported a $20 billion enterprise value and $15 billion market capitalization following the transaction.

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Leggett & Platt will operate as a standalone business unit within Somnigroup, alongside Tempur Sealy, Mattress Firm and Dreams. Thompson said the decentralized model is intended to allow individual units to remain close to their customers and markets while drawing on Somnigroup’s scale, balance sheet and operational capabilities.

Synergy Target Raised to $75 Million Executive Vice President and CFO Bhaskar Rao said Somnigroup increased its annual run-rate synergy target to approximately $75 million, up from the roughly $50 million estimate provided when the deal was announced. The revised target includes $35 million of sourcing-related opportunities, $30 million in operations-related opportunities and a $10 million EBITDA benefit from innovation initiatives.

The company expects to realize about $25 million of synergy benefits during calendar 2027, with full realization over three years. Rao said Somnigroup expects to produce more than 90% of its U.S. innerspring needs internally beginning Jan. 1, 2027. Before the combination, Somnigroup sourced 80% of its U.S. springs from Leggett & Platt under a long-term contract, according to Thompson.

Operational opportunities include manufacturing optimization, logistics efficiencies involving chemical storage, warehousing and ocean freight, and the removal of duplicative public-company costs. The companies are also evaluating additional sourcing opportunities in chemicals and professional services.

Thompson said the company’s current synergy target does not include potential revenue synergies, including possible volume gains stemming from Mattress Firm’s updated merchandising standards. Mattress Firm has communicated more stringent component-qualification criteria to suppliers, and Leggett & Platt’s innerspring systems and ECS specialty foams have qualified under those standards.

Financial Impact and Guidance Rao said the all-stock transaction was valued at approximately $2.3 billion based on Somnigroup’s Aug. 25, 2026 closing share price and including Leggett & Platt’s existing net debt. Somnigroup issued approximately 20.6 million shares in connection with the acquisition.

The acquisition is expected to be approximately $0.35 to $0.40 accretive to annualized earnings per share before synergies under the current operating environment, Rao said. For the partial 2026 period, the company expects roughly $0.10 of EPS accretion on approximately $1.2 billion in Leggett sales after eliminating intercompany revenue. Somnigroup raised its annual guidance by $0.10 as a result.

For the remainder of 2026, Rao said the company expects Leggett & Platt to contribute approximately $1.25 billion in as-reported sales and $120 million in adjusted EBITDA, with roughly two-thirds of the EBITDA contribution expected in the fourth quarter. He said the third quarter faces a difficult prior-year comparison, while the fourth quarter is expected to show some sales and EBITDA growth.

Somnigroup also expects approximately $50 million of annualized non-cash expense from the fair-value adjustment of the acquired business, primarily affecting cost of goods sold, and approximately $10 million of annualized non-cash expense related to acquired Leggett bonds, affecting interest expense.

The transaction reduced Somnigroup’s net financial leverage by approximately 0.2 times, according to Rao. The company expects to end the year near the midpoint of its 2-times to 3-times adjusted EBITDA leverage target range.

Product Branding and Industry Outlook Somnigroup plans to highlight Leggett & Platt innerspring technology on selected mattress products, beginning with an all-new Stearns & Foster collection scheduled for launch this fall. Thompson said the initiative is designed to make consumers more aware of the components that affect mattress comfort, support and durability.

“What is in your mattress matters,” Thompson said, adding that retail sales associates will receive enhanced training on the quality and durability of Leggett springs.

Thompson said the company does not expect material channel conflict with Leggett & Platt’s third-party bedding customers. He cited the component supplier’s product quality and manufacturing scale, and said there is no strategic reason the transaction should threaten those customers.

On the broader market, Thompson said the global bedding industry remains structurally sound despite an extended downturn. He attributed weak demand primarily to consumer confidence and said entry-level consumers and those unsettled by current events have been slower to enter the mattress-buying funnel.

Somnigroup plans to update its long-term outlook, including the acquisition’s impact on its prior 2028 EPS target of $5.15, when it reports fourth-quarter results. Thompson said the previous target remains “in play,” while the Leggett & Platt acquisition could increase upside if the bedding market recovers.

The company continues to target allocating 50% of free cash flow during 2026 and expects stock repurchases to be “very robust” over the foreseeable future, particularly in 2027, Thompson said.

About Somnigroup International (NYSE:SGI)Somnigroup International Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names. The company sells its products through approximately company-owned stores, online, and call centers; and third party retailers, including third party distribution, hospitality, and healthcare.

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Toronto, Ontario--(Newsfile Corp. - September 2, 2026) - AbraSilver Resource Corp. (TSX: ABRA) (OTCQX: ABBRF) ("AbraSilver" or the "Company") is pleased to report new assay results from five holes completed at the Cerro Viejo target as part of the ongoing Phase VI exploration drill program at its wholly-owned Diablillos project in Argentina (the "Project").

Cerro Viejo is located approximately 4 km north of the Oculto deposit, where surface channel sampling and earlier reconnaissance drilling identified gold mineralization associated with extensive east-west trending silicified structures extending for approximately 1.5 km. Initial reconnaissance drilling at Cerro Viejo conducted in 2024 returned 36.0 metres ("m") grading 1.91 g/t gold from a downhole depth of only 87 m in hole DDH 24-056, including 5.0 m grading 7.22 g/t gold (see the Company's news release dated January 27, 2025). Follow-up drilling has now confirmed broad zones of shallow, oxide-hosted gold mineralization beginning close to surface, together with copper mineralization in sulphides at depth.

These results further highlight the exploration potential of the Diablillos property beyond the Mineral Resources and Mineral Reserves that underpin the recently completed Definitive Feasibility Study ("DFS").

Highlight Drill Results: Widths are reported as drilled; true widths are not yet known.

DDH 26-037: 27.0 m of 0.58 g/t gold and 4.6 g/t silver from a downhole depth of only 23 metres, within the oxide zone

DDH 26-043: 7.0 m of 0.53% copper from a downhole depth of 97 m, confirming sulphide copper mineralization beneath the gold-bearing oxide zone

DDH 26-047: 32.0 m of 0.29 g/t gold and 2.8 g/t silver from a downhole depth of only 9 m, followed by 14.0 m of 1.50 g/t gold and 6.2 g/t silver from 54 m, both within the oxide zone

DDH 26-048: 21.0 m grading 0.12 g/t gold and 0.10% copper from a downhole depth of 82 m, and 18.0 m grading 0.13 g/t gold and 0.06% copper from 212 m

Table 1 – Summary of Key Drill Intercepts

Drill Hole AreaFrom
(m)To
(m)TypeInterval
(m)Ag
(g/t)Au
(g/t)Cu
(%)DDH-26-037Cerro Viejo23.050.0Oxides27.04.60.58-DDH-26-043Cerro Viejo97.0104.0Sulphides7.0--0.53

112.0117.0Sulphides5.0--0.15

187.0190.0Sulphides3.012.50.170.57DDH-26-046Cerro Viejo82.097.5Sulphides15.5--0.10DDH-26-047Cerro Viejo9.041.0Oxides32.02.80.29-

54.068.0Oxides14.06.21.50-DDH-26-048Cerro Viejo37.550.5Sulphides 13.0--0.10

81.5102.5Sulphides 21.0 1.9 0.12 0.10

212.0230.0Sulphides18.0 1.50.130.06 Note: All results in this news release are rounded. Assays are uncut & undiluted. Widths are drilled widths, not true widths. True widths are unknown

John Miniotis, President and CEO, commented, "These initial results from Cerro Viejo are encouraging, with broad zones of gold mineralization starting close to surface within the oxide zone. With the Diablillos DFS now complete and the Project advancing toward a construction decision, our exploration efforts have returned to unlocking the longer-term growth potential, and Cerro Viejo is emerging as an exciting target within the broader district."

Dave O'Connor, Chief Geologist, commented, "What stands out from these results is the continuity of shallow gold mineralization, with mineralization beginning essentially at surface in several holes. The copper mineralization encountered beneath the oxide zone is also consistent with the upper levels of the larger porphyry system interpreted to underlie this area. Continued drilling will help us better define the scale and potential of this emerging target."

Figure 1 – Plan View of Cerro Viejo Drill Results & Surface Sample Results

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Figure 2 – Cerro Viejo Cross-Section

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Additional Details on Drill Results

Cerro Viejo is one of several new exploration areas being systematically tested within the Diablillos property and is located approximately 4 km north of the Oculto deposit. Gold mineralization at Cerro Viejo is hosted within extensive, east-west trending silicified structures that have been traced at surface within a band approximately 0.5 kilometres wide over a strike length of approximately 1.5 kilometres. The mineralization occurs in an epithermal environment interpreted to represent the upper levels of a major porphyry system.

Initial reconnaissance drilling at Cerro Viejo in 2024 intersected widespread gold mineralization, including 36.0 m grading 1.91 g/t gold from a downhole depth of only 87 m in hole DDH 24-056, with a higher-grade interval of 5.0 m grading 7.22 g/t gold. Surface chip and channel samples from the associated siliceous outcrops returned gold values including 16.36 g/t, 12.14 g/t, 3.2 g/t and 2.3 g/t gold. Together these results outlined a large zone with potential for shallow gold mineralization, which is the target of the current drill program. For further details, see the Company's news release dated January 27, 2025.

The mineralized structures occur within zones of silicification in granitoid rocks that host the underlying porphyry system. The gold-bearing silicification includes areas of vuggy silica and brecciation with alunite-jarosite alteration and appears to be steeply dipping. Oxidation in the area is shallow, and preliminary mineralogical work indicates that gold associated with sulphides (pyrite) largely occurs as fine native metal. Metallurgical testwork has not been completed on mineralization from Cerro Viejo.

Cerro Viejo – Near-Surface Oxide Gold Zone (Holes DDH 26-037 and DDH 26-047)

Holes DDH 26-037 and DDH 26-047 both intersected broad zones of gold mineralization within the oxide zone from close to surface, with mineralization in hole DDH 26-047 commencing at a downhole depth of only 9 m. Oxidation across the area tested to date is shallow, and the mineralization intersected in these holes is oxide-hosted throughout.

Cerro Viejo – Copper Mineralization at Depth (Holes DDH 26-043 and DDH 26-048)

Copper values in holes DDH 26-043 and DDH 26-048 occur within sulphides below the oxide zone and are interpreted to represent the deeper parts of steeply dipping mineralized structures. Hole DDH 26-048 is located approximately 500 m northeast of hole DDH 26-043, indicating that mineralization of this style is developed across a substantial area of the property.

Phase VI Exploration Update:

A total of approximately 12,000 m have been completed in 54 diamond drill holes under the Phase VI exploration program since it commenced in January 2026, of which approximately 1,000 m have been drilled at Cerro Viejo. Two drill rigs remain active on the Project, and a third drill rig is expected to be mobilized later in September.

Drilling continues to test extensions of the known mineralization at Oculto West, Oculto East and along the JAC–Oculto trend, in parallel with first-pass and follow-up drilling on new targets including Cerro Viejo and the adjacent Condoryacu property, where initial drilling returned 72 m grading 18.7 g/t gold, 117 g/t silver and 2.06% copper from surface (see the Company's news release dated March 30, 2026).

The Company has recently completed a drone-based magnetic survey at Condoryacu, which shows a distinct north-south character that may reflect structures controlling mineralization. The results will be used to guide follow-up drilling at Condoryacu, which is expected to commence shortly.

The Company is currently conducting a CSAMT survey across the broader Oculto and JAC areas and the intervening trend, with the objective of identifying additional drill targets for the balance of the Phase VI program and for future exploration. The survey comprises northwest-southeast lines, approximately perpendicular to the main structural trends of mineralization, covering an area of 3.5 km northeast-southwest by 2 km northwest-southeast. A historical CSAMT survey over the area showed a strong vertical contrast in resistivity, interpreted to reflect an alteration zone associated with the main feeder system to the Oculto mineralization.

Additional assay results from the ongoing Phase VI drill program are pending and will be released as they become available.

Collar Data

Hole NumberUTM CoordinatesElevationAzimuthDipDepth (m)AreaDDH 26-03772223372022914,192180-60119Cerro ViejoDDH 26-04372246272020664,157178-60194Cerro ViejoDDH 26-04672232872022694,176180-60150Cerro ViejoDDH 26-04772217972023024,202180-60122Cerro ViejoDDH 26-04872017171992834,254180-60323Cerro ViejoAbout Diablillos

The Diablillos property is located within the Puna region of Argentina, in the southern part of Salta Province along the border with Catamarca Province, approximately 160 km southwest of the city of Salta and 375 km northwest of the city of Catamarca. AbraSilver acquired the property in 2016, which comprises 15 contiguous and overlapping mineral concessions with excellent year-round road access.

Exploration to date has outlined multiple occurrences of silver-gold oxide mineralization at Oculto, JAC, Laderas, and Fantasma, located within a 500 m to 1.5 km distance surrounding the Oculto/JAC epicentre. To date, over 170,000 metres have been drilled on the property, which continues to demonstrate the strong growth potential of shallow, oxide-hosted silver and gold resources. In addition, a large porphyry complex is centered approximately 4 km northeast of Oculto which includes outcropping porphyry intrusions within a major zone of alteration and associated gold rich epithermal mineralization.

Comparatively nearby examples of high sulphidation epithermal deposits include: La Coipa (Chile); Yanacocha (Peru); El Indio (Chile); Lagunas Nortes/Alto Chicama (Peru) Veladero (Argentina); and Filo del Sol (Argentina). The most recent tank and heap leach Mineral Resource estimate for Diablillos is shown in Table 2. Following completion of the DFS in June 2026, the Project also hosts Proven and Probable Mineral Reserves of 77.9 Mt grading 146 g/t silver equivalent ("AgEq"), containing 184 Moz of silver and 1.8 Moz of gold (366 Moz AgEq). For additional details, please refer to the "NI 43-101 Mineral Resource Estimate, Diablillos Silver-Gold Project" dated June 19, 2026, available on SEDAR+ and the Company's website.

Table 2 - Diablillos Mineral Resource Estimate – As of April 30, 2026

ZoneCategoryTonnes
(000 t)Ag
(g/t)Au
(g/t)AgEq
(g/t)Contained
Ag
(000 Oz)Contained
Au
(000 Oz )Contained
AgEq
(000 Oz)Tank
LeachOxidesMeasured41,0421000.68159131,668896209,281Indicated60,978410.589281,0601,143180,078Measured &102,021650.62119212,7282,039389,359Indicated       Inferred14,400250.577411,46826234,187Heap
LeachOxidesMeasured25,469130.091910,9977615,425Indicated104,49170.131524,32842849,342Measured &129,96080.121635,32550364,767Indicated

Inferred34,94760.14146,93915816,153TotalOxidesMeasured66,512670.45105142,665971224,706Indicated165,469200.3043105,3881,570229,420Measured &231,981330.3461248,0532,542454,127Indicated

Inferred49,347120.263218,40642050,340Footnotes for Tank Leach Resource:Mineral Resources are not Mineral Reserves and have not demonstrated economic viability.The formula for calculating AgEq is as follows: Silver Eq Oz = Silver Oz + Gold Oz x (Gold Price/Silver Price) x (Gold Recovery/Silver Recovery).The Mineral Resource model was populated using Ordinary Kriging grade estimation within a three-dimensional block model and mineralized zones defined by wireframed solids, which are a combination of lithology and alteration domains. The 1m composite grades were capped where appropriate.The Mineral Resource is reported inside a conceptual Whittle open pit shell derived using US$ 34.50/oz Ag price, US $3,200/oz Au price, 86.6% process recovery for Au, and 80.9% process recovery for Ag, for the tank leaching and 74.3% process recovery for Au, and 46.8% process recovery for Ag, for the secondary heap leaching.Open pit optimization was constrained using a dual-process approach, with tank leaching as the primary process (total opex of US$32.30/t) and heap leaching as the secondary process (total opex of US$7.00/t).The MRE has been categorized in accordance with the CIM Definition Standards (CIM, 2014).A Net Value per block [NVB] calculation was used to constrain the Mineral Resource, determine the "Benefits = Income-Cost", where, Income = [(Au Selling Price (US$/oz) - Au Selling Cost (USD/Oz)) x (Au grade (g/t)/31.1035)) x Au Recovery (%)] + [(Ag Selling Price (US$/oz) - Ag Selling Cost (USD/Oz)) x (Ag grade (g/t)/31.1035)) x Ag Recovery (%)] and Cost = Mining Cost (US$/t) + Process Cost (US$/t) + Transport Cost (US$/t) + G&A Cost (US$/t) + [Royalty Cost (%) x Income]The Mineral Resource is sub-horizontal with sub-vertical feeders and has a reasonable prospect for eventual economic extraction by open pit methods.In-situ bulk densities were assigned to each model domain, according to samples averages for each lithology domain, separated by alteration zones and subset by oxidation.All tonnages reported are dry metric tonnes and ounces of contained gold are troy ounces.Mining recovery and dilution factors have not been applied to the Mineral Resource estimates.The Mineral Resource was estimated by Luis Rodrigo Peralta, B.Sc., FAusIMM CP (Geo), an INSA Consultora Managing Principal Geologist, and an Independent Qualified Person under NI 43-101.Mr. Peralta is not aware of any environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues that could materially affect the potential development of the Mineral Resource.All figures are rounded to reflect the relative accuracy of the estimates. Minor discrepancies may occur due to rounding to appropriate significant figures.Footnotes for Heap Leach Resource:Mineral Resources are not Mineral Reserves and have not demonstrated economic viability.The formula for calculating AgEq is as follows: Silver Eq Oz = Silver Oz + Gold Oz x (Gold Price/Silver Price) x (Gold Recovery/Silver Recovery).The Mineral Resource model was populated using Ordinary Kriging grade estimation within a three-dimensional block model and mineralized zones defined by wireframed solids, which are a combination of lithology and alteration domains. The 1m composite grades were capped where appropriate.The Mineral Resource is reported inside a conceptual Whittle open pit shell derived using US$ 34.50/oz Ag price, US $3,200/oz Au price, 86.6% process recovery for Au, and 80.9% process recovery for Ag, for the primary process tank leaching and 74.3% process recovery for Au, and 46.8% process recovery for Ag, for the secondary process heap leaching.Open pit optimization was constrained using a dual-process approach, with tank leaching as the primary process (total opex of US$32.30/t) and heap leaching as the secondary process (total opex of US$7.00/t).The MRE has been categorized in accordance with the CIM Definition Standards (CIM, 2014).A Net Value per block [NVB] calculation was used to constrain the Mineral Resource, determine the "Benefits = Income-Cost", where, Income = [(Au Selling Price (US$/oz) - Au Selling Cost (USD/Oz)) x (Au grade (g/t)/31.1035)) x Au Recovery (%)] + [(Ag Selling Price (US$/oz) - Ag Selling Cost (USD/Oz)) x (Ag grade (g/t)/31.1035)) x Ag Recovery (%)] and Cost = Mining Cost (US$/t) + Process Cost (US$/t) + Transport Cost (US$/t) + G&A Cost (US$/t) + [Royalty Cost (%) x Income].The Mineral Resource is sub-horizontal with sub-vertical feeders and a reasonable prospect for eventual economic extraction by open pit methods.In-situ bulk density was assigned to each model domain, according to samples averages for each lithology domain, separated by alteration zones and subset by oxidation.All tonnages reported are dry metric tonnes and ounces of contained gold are troy ounces.Mining recovery and dilution factors have not been applied to the Mineral Resource estimates.The Mineral Resource was estimated by Luis Rodrigo Peralta, B.Sc., FAusIMM CP (Geo), an INSA Consultora Managing Principal Geologist, and an Independent Qualified Person under NI 43-101.Mr. Peralta is not aware of any environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues that could materially affect the potential development of the Mineral Resource.All figures are rounded to reflect the relative accuracy of the estimates. Minor discrepancies may occur due to rounding to appropriate significant figures.QA/QC and Core Sampling Protocols

AbraSilver applies industry standard exploration methodologies and techniques, and all drill core samples are collected under the supervision of the Company's geologists in accordance with industry best practices. Drill core is transported from the drill platform to the logging facility where drill data is compared and verified with the core in the trays. Thereafter, it is logged, photographed, and split by diamond saw prior to being sampled. Samples are then bagged, and quality control materials are inserted at regular intervals at site; these include blanks and certified reference materials as well as duplicate core samples which are collected in order to assess sampling precision and reproducibility. Groups of samples are then placed in large bags which are sealed with numbered tags in order to maintain a chain-of-custody during the transport of the samples from the project site to the laboratory.

All samples are received by the ASA (Alex Stewart Argentina) preparation laboratory in Salta, where they are prepared, then the pulp sachet is directly dispatched to its facility in Mendoza, Argentina, where they are analyzed. All samples are analyzed using a multi-element technique consisting of a four-acid digestion followed by ICP/AES detection, and gold is analyzed by 50g Fire Assay with an AAS finish. Silver results greater than 100g/t are re-analyzed using four acid digestion with an ore grade AAS finish.

Qualified Persons

David O'Connor P.Geo., Chief Geologist for AbraSilver, is the Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, and he has reviewed and approved the scientific and technical information in this news release.

About AbraSilver

AbraSilver is a leading silver-gold development company focused on advancing its 100%-owned Diablillos Project in the mining-friendly provinces of Salta and Catamarca, Argentina. The recently completed Definitive Feasibility Study highlights Diablillos as a robust, high-margin, long-life precious metals project with a strong production profile and substantial exploration upside. In addition, the Company has entered into an earn-in option and joint venture agreement with Teck on the La Coipita project, located in the San Juan province of Argentina. AbraSilver is listed on the TSX under the symbol "ABRA" and in the U.S. on the OTCQX under the symbol "ABBRF."

For further information please visit the AbraSilver Resource website at www.abrasilver.com, our LinkedIn page at AbraSilver Resource Corp., and follow us on X at www.x.com/abrasilver.

Cautionary Statements

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. When considering this forward-looking information, readers should keep in mind the risk factors and other cautionary statements in the Company's disclosure documents filed with the applicable Canadian securities regulatory authorities on SEDAR+ at www.sedarplus.ca. The risk factors and other factors noted in the disclosure documents could cause actual events or results to differ materially from those described in any forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this news release

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312460

Source: AbraSilver Resource Corp.

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Toronto, Ontario--(Newsfile Corp. - September 1, 2026) - Stakeholder Gold Corp. (TSXV: SRC) (OTCQX: SKHRF) (WKN: A2QEP1) ("Stakeholder" or the "Company") is pleased to report the final diamond drill assay results for hole BA2601, completing a fully mineralized 498-metre discovery hole at the Loki Critical Mineral Zone on its 100%-owned Ballarat Gold-Copper Project ("Ballarat") in the prolific White Gold District of the Yukon Territory. Stakeholder also reports significant results from the three-dimensional (3D) inversion modelling of the Company's VTEM (electromagnetic) and magnetic geophysical data over the Loki area (Figures 1–4).

The newly received assays cover the upper (1–226 m) and lower (451–498 m) portions of hole BA2601, completing the full 498-metre hole and confirming mineralization throughout. The additional data show that copper-nickel-cobalt and platinum-group-element (PGE) mineralization extends through much of the upper hole, hosted in the same mineralized pyroxenite intrusion reported in the central interval on August 18, 2026. New and previously released intervals are summarized in Table 1; the property and the location of hole BA2601 are shown in Figure 1, and the completed hole in cross-section in Figure 2.

Highlights

Full hole completed – mineralized top to bottom: Final assays complete the 498-metre hole (BA2601), confirming broad mineralization through the upper hole and materially extending the copper-nickel-cobalt-PGE system defined in the initial (226–451 m) release.

Standout upper-hole copper-nickel-cobalt grades: New intervals underscore the strength of the system, including 3 m at 110–113 m of 1,650 ppm Cu, 266 ppm Ni and 127 ppm Co (including 1 m at 111–112 m of 2,390 ppm Cu), 13 m at 91–104 m of 670 ppm Cu, 2 m at 133–135 m of 1,020 ppm Cu, and 1 m at 141–142 m of 1,180 ppm Cu.

Compelling platinum-palladium credits: The upper hole delivered 2 m at 98–100 m of 316 ppb Pt+Pd and 3 m at 141–144 m of 191 ppb Pt+Pd (including 2 m of 252 ppb Pt+Pd), directly associated with the copper-nickel-cobalt mineralization.

3D inversions define a major new target: Independent 3D inversions of the VTEM and magnetic data confirm BA2601 was collared in a large, coincident magnetic and resistive body – interpreted as the mineralized ultramafic intrusion – while a separate, ~1.45 km² conductive zone lies just ~1.4 km to the south, representing a compelling, entirely untested geophysical target for follow-up.

Full-Hole Results Confirm Broad Mineralization – BA2601 (Loki Critical Mineral Zone)

Figure 1. Plan-view property map showing the location of hole BA2601, Loki Critical Mineral Zone

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3082/312258_6bd12804c4ad7ba5_001full.jpg

Hole BA2601 was drilled to 498 metres to test the Loki Critical Mineral Zone, and with the newly received upper- and lower-hole assays, the hole is now complete and confirms mineralization from end to end. Mineralization occurs as disseminated, blebby and locally net-textured to massive magmatic sulphides (pyrrhotite, pentlandite and chalcopyrite) within a broad pyroxenite intrusion, and the additional assays demonstrate that anomalous copper, nickel and cobalt, together with platinum and palladium, continue through much of the upper hole. Selected newly reported intervals are summarized in Table 1; the previously released central interval (226–451 m, reported August 18, 2026) is indicated on the cross-section in Figure 2.

Figure 2. Cross-section of completed hole BA2601, Loki Critical Mineral Zone – previously released interval indicated

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https://images.newsfilecorp.com/files/3082/312258_6bd12804c4ad7ba5_002full.jpg

ZoneFrom
(m)To
(m)Length
(m)Cu
(ppm)Ni
(ppm)Co
(ppm)Pt
(ppb)Pd
(ppb)Pt+Pd
(ppb)Cu-Ni-Co sulphide zone3133287410368121628Cu-Ni-Co sulphide zone8084478014396231537PGE zone8285363418234383877Cu-Ni-Co sulphide zone911041367017645392866PGE zone98100265226540182134316Cu-Ni-Co sulphide zone11011331,650266127232043including11111212,390412158262349Cu-Ni-Co sulphide zone116127115822474213Cu-Ni-Co sulphide zone13313521,02016172272855PGE zone133134180216463434790Cu-Ni-Co sulphide zone14114211,18017660200176376PGE zone14114435871224410289191including141143281014951134118252* Cu-Ni-Co sulphide zone25426061,190159123161934* including25825913,7306415144456100* PGE zone32332631949426474390* including324325122988236258120* PGE zone38038554633115842100* including3803811100182011865183Cu-Ni-Co sulphide zone47147218241625213Table 1: BA2601 intercepts at cut-offs of 500 ppm Cu (copper zones) and 50 ppb Pt+Pd (PGE zones); "including" sub-intervals at 2,000 ppm Cu / 100 ppb Pt+Pd. An asterisk (*) marks intervals between 226 and 451 m that were previously released on August 18, 2026; all other intervals are newly reported. Grades are length-weighted averages; copper, nickel and cobalt in ppm and platinum and palladium in ppb. Reported intervals are drill-core lengths; true widths are not yet determined.

3D Geophysical Inversion Results Define a Major New Target

The Company has received preliminary results from independent three-dimensional inversions of its airborne VTEM (versatile time-domain electromagnetic) and airborne magnetic datasets over the Loki area. The magnetic susceptibility inversion resolves a large, coherent magnetic body at Loki, into which hole BA2601 was collared, and the VTEM resistivity inversion shows this same body is relatively resistive – a signature consistent with a sulphide-bearing ultramafic intrusion. The preliminary 3D models are shown in Figure 3.

Figure 3. 3D inversion models of the Loki Critical Mineral Zone: (a) VTEM resistivity and (b) magnetic susceptibility, with hole BA2601 in both

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3082/312258_6bd12804c4ad7ba5_003full.jpg

In plan view, the magnetic and resistive Loki body is spatially distinct from a ~1.45 km² conductive zone that the VTEM inversion places approximately 1.4 kilometres to the south (Figure 4) – opening up a second, entirely untested target within the system. The coincident magnetic-resistive signature at Loki is consistent with a sulphide-bearing ultramafic intrusion, while the separate southern conductor represents a discrete, untested geophysical target for future drill testing.

Figure 4. Plan-view depth slices from the 3D inversions: (a) VTEM resistivity at 150 m and (b) magnetic susceptibility at 200 m below surface

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3082/312258_6bd12804c4ad7ba5_004full.jpg

"Our first drill hole into Loki confirms a large ultramafic intrusion carrying copper, nickel, cobalt and platinum and palladium - a critical mineral suite found on almost all the world's critical mineral lists," stated Christopher Berlet CEO and Director of Stakeholder.

"Geophysics has now also confirmed that large, untested conductive anomalies are located nearby and within the intrusive structure itself. Our next steps are to: refine the geophysical targets that have already been identified, drill test the conductive anomalies found near to our first metal discovery hole and continue the work required to identify similar structures along the full 35-km trend of the Loki ultramafic intrusion which is found on the southern section of Stakeholder's 100% titled land position in the center of the rapidly evolving White Gold District."

Sampling and Quality Assurance / Quality Control

Drill core from hole BA2601 was logged, photographed and sampled at the core facility in Dawson, Yukon, where the core was sawn in half and one half was submitted for analysis at one-metre sample intervals. Samples were sent to the Bureau Veritas (BV) preparation laboratory in Whitehorse, Yukon, where they were crushed, and a split was pulverized to 85% passing 200 mesh.

At the BV laboratory in Vancouver, British Columbia, platinum, palladium and gold were determined by 30-gram fire assay with an ICP-ES finish (BV method FA350), and copper, nickel, cobalt and additional elements by 1:1:1 aqua-regia digestion with an ICP-ES/MS finish (BV method AQ201). Bureau Veritas Commodities Canada Ltd. is an ISO/IEC 17025-accredited laboratory that is independent of the Company. As part of its quality-assurance / quality-control program, the Company inserts certified reference materials (standards), blanks and duplicate samples into the sample stream and reviews all quality-control results upon receipt of assays.

Adam Fage, M.Sc., P.Geo. states:

"The completed BA2601 assays confirm that copper, nickel and cobalt, together with platinum and palladium, extend through a broad interval of the Loki ultramafic intrusion rather than being confined to a single zone. Coincident 3D magnetic and resistivity models show the intrusion is a large, discrete body, and the separate conductor to the south gives us a second, independent target. Our focus now is to use these results to vector toward higher-tenor sulphide accumulations within the system."

Adam Fage MSc., P.Geo is an independent geological consultant and the Qualified Person for the Company, as defined by NI 43-101, and has reviewed and approved the contents of this press release.

About Stakeholder Gold Corporation

Stakeholder holds 100% ownership of a substantial 1,140-claim, 22,700-hectare land package spanning 20 km of the Coffee Mine Project's "Northern Access Route (NAR)", positioned through the geographical center of the dynamic White Gold District of the Yukon Territory, Canada. Stakeholder also maintains in good standing 10 claims located inside the adjacent Coffee Mine Project, which is being developed by Talamore Mining Corp. These combined claim holdings are referred to collectively as the Ballarat Gold-Copper Project ("Ballarat").

Within its extensive contiguous claim holdings, Stakeholder is advancing exploration on two highly compelling exploration targets - the Skye Gold Zone and the Loki Critical Mineral Zone - two independent exploration targets separated by some 8 km, prospective for new gold and critical mineral discoveries respectively, on either side of the Northern Access Route (NAR), in the heart of the White Gold District.

https://stakeholdergold.com/projects-overview/ballarat-gold-copper-project/

Stakeholder also generates recurring cash flow from the production and sale of exotic stones through its 100%-owned Brazilian subsidiary Mineração VMC Ltda. ("VMC"). VMC is currently producing from 4 independent stone quarries and is actively pursuing opportunities to expand the sale and export of exotic stone building materials from Brazil.

https://victoriaminingcorp.ca

Christopher J. Berlet B.A.Sc.(Mining), CFA, CEO & Director of Stakeholder is responsible for the content of this press release.

Forward-Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute "forward-looking statements" and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation's strategy, plans or future financial or operating performance.

When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation's annual financial statements, MD&A and other publicly filed documents.

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312258

Source: Stakeholder Gold Corp.

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Investors have written off Target (TGT -1.41%) over the last few years as sales stumbled and reputational damage has taken its toll. But the retail giant's comeback is well underway, and there is one reason in particular that Target is worth a second look this month.

What's got investors talking is that Target raised its full-year outlook, and the comeback is in full swing as we head into the holiday shopping season. The guidance raise is significant for a few reasons.

First, it shows that the company is confident its turnaround is not only taking hold, but picking up steam. Second, Target anticipates net sales growth of around 5%, which is an entire percentage point higher than the previous guidance. Lastly, Target is trading at a very reasonable price right now, especially compared to its longer-term history.

Image source: The Motley Fool.

What Target can't afford at the moment is more missteps. A highly controversial Halloween costume was recently pulled from shelves, leading to more calls to boycott. The easily avoidable mistakes need to stop if Target wants to bring back customers for good.

Ultimately, Target's turnaround is for real, and you can see it in its latest numbers. The stock hasn't quite caught up yet, which is why Target is worth a closer look this month.

Premium Feature

Moneyball Superscore

65/100

Today's Change

(

-1.41

%) $

-2.30

Current Price

$

160.88

Target's stock has risen about 65% thus far in 2026, but is still down more than 34% over the past five years. As we approach the holiday shopping season, Target has a real opportunity to climb back to its previous peak. It just can't afford any more face-palm trip-ups.

Catie Hogan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Target. The Motley Fool has a disclosure policy.

Hyperliquid Strategies Inc. (NASDAQ:PURR) had a busy week last week that included blockbuster fiscal-year earnings alongside some analyst activity.

Hyperliquid Strategies shares are climbing with conviction. Why are PURR shares rallying? Reports Earnings Beat, Expands HYPE Treasury, Gains Market ShareHyperliquid Strategies reported quarterly earnings of $6.24 per share, beating the analyst consensus estimate of 79 cents by 689.87%. The company reported quarterly sales of $6.334 million, beating the analyst consensus estimate of $3.0 million by 111.13%.

The company raised $647 million in equity capital during the fiscal year and grew its HYPE token treasury from an initial 12.5 million to 29.3 million tokens. Since June 30, the company deployed an additional $773.4 million to acquire roughly 16.5 million more HYPE tokens at an average cost of $46.77, leaving $132.6 million in cash as of Aug. 19.

“This was the year we built the platform,” said CEO David Schamis. “Most of the value that is created is returned to HYPE holders through programmatic buybacks.”

Hyperliquid’s share of global perpetual futures volume hit an all-time high of 9.4% as of June 30, with the platform accounting for 63% of all decentralized perpetuals open interest as of Aug. 23 — more than five times its nearest competitor.

Analyst Consensus & Recent Action The stock carries a Buy rating with an average price forecast of $15.13. One recent analyst move includes:

Chardan Capital: Buy (Raises Target to $17.00) (Aug. 28) Read Next

Hyperliquid Shares Trade HigherPURR Price Action: At the time of publication, Hyperliquid shares are trading 0.17% higher at $11.63, according to data from Benzinga Pro.

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Vancouver, British Columbia--(Newsfile Corp. - August 24, 2026) - North Arrow Minerals Inc. (TSXV: NAR) (OTCQB: NHAWF) (FSE: 9TB) ("North Arrow" or the "Company") today reports results from 97 surface samples collected in Q2 2026 at the Kraaipan Gold Project ("Kraaipan") in southern Botswana, extending the potential strike length of Target AE to 1,000 m, with outcrop and float samples returning values of up to 27.8 g/t Au at Target AF and 13.5 g/t Au at Target A. The recent surface sampling across the southern portion of the property extended gold-in-rock trends at four key target areas and generated additional targets for follow-up work. The Company has also completed Rotation 3 regional reconnaissance reverse circulation ("RC") drilling, comprising 44 holes totalling 1,639 m, as part of its US$2.3 million 2026 exploration program. The Kraaipan Project is a significantly underexplored, gold-endowed system masked by shallow Kalahari sand cover that represents the direct northern extension of the Archean greenstone terrane, the Kraaipan Greenstone Belt ("KGB"), hosting Harmony Gold's multi-million-ounce Kalgold Mine, 40 km to the south.

Key Highlights

Potential strike length at Target AE extended to 1,000 m - Anomalous bedrock samples returning up to 0.61 g/t Au were collected approximately 150 m south of previously reported hole KR26-036 (26 m @ 0.59 g/t Au from 1-27 m depth). Together with historical drill intercepts to the south and interpretation of geophysical data to the north, the potential strike length of the target is extended to 1,000 m.

New gold values at Target AN - Surface samples at Target AN, located 3 km north of Target AE returned a maximum value of 1.67 g/t Au, 500 m along strike and to the north of a 1.33 g/t Au sample collected in 2025.

Continued significant gold-in-bedrock results for Targets A and AF - outcrop and float samples returned maximum values of 27.8 g/t Au at Target AF and 13.5 g/t Au at Target A, consistent with previously reported surface samples and shallow RC intersections.

Rotation 3 regional RC drilling completed - 44 regional RC holes were completed for a total of 1,639 m across 10 fences and six target areas. Samples were collected at the base of the Kalahari ("BOK") for overburden geochemistry, together with bedrock samples ("BK") testing prospective geology and geophysical trends. Full assay results are expected in Q3/26.

CEO Commentary

Eira Thomas, Chief Executive Officer of North Arrow, stated: "The value of systematic surface work combined with RC drill testing is allowing us to rapidly identify prospective zones of anomalous gold mineralization at Kraaipan, analogous to the style and tenor of mineralization being actively mined at the multi-million-ounce Kalgold mine, some 40 km to the south, within the same belt. New gold-in-bedrock sampling at Target AE, combined with historic drilling and geophysics, extends the interpreted strike length to approximately one km from the 260 m drilled in Rotation 2, and the target remains open along strike and down dip. Selective outcrop and float samples of up to 27.8 g/t gold at Target AF and 13.5 g/t gold at Target A remain consistent with our shallow RC intersections, and we have added an untested 500 m trend at Target AN and a new target at AQ. Rotation 3 regional drilling is now complete, with 44 holes awaiting assay. Each phase of exploration work at Kraaipan in 2026 has steadily increased our knowledge, allowing us to rank targets across a 60 km long gold belt that has seen very little modern exploration."

Surface Sampling and Prospecting

Figure 1 provides a location map of the sampled Target Zones. Table 1 provides highlights of the surface sample assay values.

Figure 1: Kraaipan Gold Project - Location map of surface sampled Target Zones (white dots) and Rotation 3 RC drill locations (green) in the northern part of the presented view. 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3881/311002_ea44040554751ae4_001full.jpg

Table 1 - 2026 Q2 Surface Sample Summary (>0.4 g/t Au)

SampleTargetSample TypeAu g/tNoteCondensed Field DescriptionKR-GS_26-121Aoutcrop5.81South of Grid 1Iron-rich, possible metasediment with quartz veiningKR-GS_26-092Aoutcrop2.91Grid 1 Quartz flooded, brecciated Fe-BIFKR-GS_26-091Aoutcrop13.5Grid 1 BIF with NW-SE quartz vein, sulphide dissolution pitsKR-GS_26-097Aoutcrop2.34Grid 1Quartz veining, gossanous, Fe-replacementKR-GS_26-125Afloat3.36Grid 1-2 Quartz-rich overburden, 15cm qtartz veins sub-parallel to fabricKR-GS_26-058AEoutcrop6.65AE East Zone HWSheared quartz vein, silica replacement along bedding planesKR-GS_26-111AEoutcrop0.69AE WestDensely quartz-veined, strong oxidised BIFKR-GS_26-117AEoutcrop0.61AE South Discordant and fabric parallel quartz veins in BIF, abundant pits after sulphideKR-GS_26-119AEoutcrop0.41AE West
KR-GS_26-113AEoutcrop0.45AE WestSilicified BIF, strong oxidtion, abundant dissolution pits after sulphideKR-GS_26-046AFsubcrop2.54Grid 1 Cherty quartz in BIF, pits after sulphideKR-GS_26-045AFsubcrop0.63Grid 1 Gossanous, with quartz veining, parallel to bedding planesKR-GS_26-050AFoutcrop7.77Grid 3 BIF with quartz veining, relict sulphide pits along vein selvagesKR-GS_26-038AFfloat4.39Grid 3 BIF with quartz veins, silicified, minor brecciation, dissolution pits after sulphideKR-GS_26-039AFfloat1.93Grid 3 Quartz flooded BIF, abundant dissolution pits after suphideKR-GS_26-104AFoutcrop27.8Grid 4Boudinaged quartz veins subparallel to fabric, dissolution pits after sulphideKR-GS_26-032AFfloat1.4Grid 4 Hematized BIF, silicified, dissolution pits after sulphideKR-GS_26-079ANfloat1.67NorthBrecciated, oxidized, fabric and discordant quartz veinsKR-GS_26-069ANoutcrop0.82South Brecciated, Fe-rich, dissolution pitsKR-GS_26-052AQ - newoutcrop0.45newBIF with quartz veins, dissolution pits after sulphideKR-GS_26-053AQ - newoutcrop0.46newBIF, NW-SE trending quartz veins, dissolution pits after sulphideTarget AE

Potential strike extent increased to 1000 m - A total of 18 samples were collected along approximately 1 km long portion of the AE trend to the south and west of the Rotation 2 drilling grid (Figure 2). An anomalous outcrop sample of banded iron formation ("BIF") with discordant and fabric parallel quartz veining (0.61 g/t Au; KR-GS_26-117) was collected approximately 150 m south of RC hole KR26-036 (26 m @ 0.59 g/t Au from 1-27 m depth, please refer to the Company's news release dated July 15, 2026). The sample is positioned 50 m north of an historic RC hole that returned 12 m at 0.3 g/t Au (including 6 m at 0.5 g/t Au; 1998 KRP-0701) within a similar stratigraphic and alteration package as observed in 2026 Rotation 2 drilling. This extends the current southern strike length of AE by 250 m, remaining open along strike.

The geophysical magnetic high associated with Target AE extends >350 m to the north and along strike of KR26-043 (35 m @ 0.57 g/t from 16 to 51 m depth;please refer to the Company's press release dated July 15, 2026). Additionally, a 2004 VTEM airborne electromatic survey contains an untested 'medium priority conductive anomaly' within BIF2, along strike with the magnetic feature. The combination of recent drill results along a 260 m strike length, anomalous gold-in-bedrock samples and historic drill intercepts to the south and the geophysical indicators to the north generates an interpreted strike extent of 1000 m for Target AE (Figure 2). In addition, bedrock sampling has identified a new gold-in-bedrock zone (one surface grab sample of seven samples collected returned a high value of 6.7 g/t Au, previously announced), with a current mapped strike extent of 200 m, situated 15-20 m in the HW and parallel to the main AE target. Additional anomalous gold-in-bedrock samples were collected approximately 200 m to the south and along the interpreted strike of the new zone parallel to AE, which has not been drill tested. Sampling on the southwest portion of Target AE returned gold-in-bedrock results of up to 0.68 g/t Au and warrant follow-up (Figure 2).

Figure 2: Kraaipan Gold Project – Location of Q2 2026 surface rock samples at Target AE with earlier 2026 and 2025 surface rock samples, 2026 RC drilling highlights and historical results. All values in g/t Au unless otherwise stated.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3881/311002_ea44040554751ae4_004full.jpg

Target AN

A total of 22 surface samples were collected approximately 3 km to the north of Target AE. The area of interest lies on the western limb of a regional D3 fold along an interpreted NNW trending contact between BIF and a mafic assemblage. A sample of altered BIF returned 1.67 g/t Au and is located 500 m to the north and along strike of a 2025 surface sample that returned a value of 1.33 g/t Au (Figure 3). The 500 m zone of interest has not been drill-tested.

Figure 3: Kraaipan Gold Project – Location of Q2 2026 surface rock samples (white) at Target AN with 2025 surface rock samples (green). All values in g/t Au unless otherwise stated.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3881/311002_ea44040554751ae4_007full.jpg

Target AF

A total of 22 samples were collected along 500 m of strike length, including exposed altered BIF and quartz veining at Grid 1, 3, 4 and into the HW of the Target AF. Samples of mineralised BIF at Grid 1 returned values of up to 2.54 g/t Au, samples from Grid 3 returned values of up to 7.77 g/t Au from quartz veins with relict sulphides along vein selvages. At Grid 4 a sample of intensely quartz veined and altered BIF returned a high result of 27.8 g/t Au. The high gold values are consistent with previous surface samples and shallow RC intersections (i.e. Grid 1 KR26-021 3 m @7.21 g/t Au from 16 to 19 m depth, please refer to the Company's press release dated July 15, 2026 (Figure 4).

Target AQ - New Target

Located approximately 300 m to the north and east of Target AF on the western edge of a BIF horizon. Two bedrock samples (KR-GS_26-052/53) of BIF crosscut by NW-SE trending quartz veins with relict sulphide pits along vein selvages returned gold-in-bedrock values of 0.454 and 0.461 g/t Au respectively. Target AQ represents a new gold-in-bedrock trend that could represent a sub-parallel or offset trend to Target AF. This area has not yet been drilled (Figure 4).

Figure 4: Kraaipan Gold Project – Location of Q2 2026 surface rock samples at Target AF and AQ with January 2026 surface rock samples. All values in g/t Au unless otherwise stated. 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3881/311002_ea44040554751ae4_009full.jpg

Target A

A total of 13 samples were collected in the vicinity of Grid 1 (Figure 5). A 5.81 g/t Au outcrop sample of quartz veining in metasediment is located 70 m to the south of RC hole KR26-005 that returned 7 m at 1.99 g/t Au from 19-26 m depth, indicating surface expressions of mineralization continue to the south of Grid 1 please refer to the Company's press release dated June 8, 2026. A sample of outcropping altered BIF crosscut by a NW trending quartz vein returned 13.5 g/t Au and is located immediately north of KR26-007 which returned an overburden result of 29 g/t Au.

A total of eight samples returned low Au values from the northern end of Target A (Grid 4) and southern portion of Target AP.

Figure 5: Kraaipan Gold Project – Location of Q2 2026 surface rock samples at Target A and AP with select 2025 surface rock samples, and 2025 and 2026 RC drill holes. All values in g/t Au unless otherwise stated.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3881/311002_ea44040554751ae4_011full.jpg

Other Surface Sampling

A total of five samples were collected at Target AJ and seven samples in undefined target areas. These samples returned low values in float and outcrop.

Rotation 3 Regional Reconnaissance RC Drilling

Drilling was completed in two tranches; June 10-19 and July 16-August 3rd and comprised 44 completed vertical RC holes totaling 1639 m in 10 fences across six target areas (Figure 1). Refer to Appendix A for the full list of RC collar data. RC fences were designed to test favourable geology and geophysical signatures and to determine depth of the Kalahari sand cover, with samples collected from the base of Kalahari overburden and bedrock. Depth to bedrock averaged 31 m with a maximum depth of 45 m. Bedrock intersections are comprised of unaltered BIF and variable altered mafic assemblages. KR26-081, on the western end of transect 8a within Target AM, intersected a 32 m of Kalahari cover and a 2 m interval of altered BIF, with evidence of quartz veining, from 32-34 m depth. Results for the BOK and bedrock samples are anticipated in Q3/2026.

Summary

The Company continues to progress the Kraaipan Project with an integrated approach combining interpretation of existing and new high resolution geophysical data, new surface sampling and RC drilling data. This approach supports the thesis that the under explored region has high potential to host a bulk tonnage, low grade BIF-associated gold deposit analogous to the producing Kalgold Mine of Harmony Gold Mining Company Ltd.

Since Q4 2025, three focused shallow RC programs have identified wide intersections of altered, quartz-veined ferruginous chert and BIF at Target A, AE and AF, each of which warrant follow-up drilling. Recent RC drilling at Target AE, along a strike of 260 m, has select intersections of 27 m @ 1.11 g/t Au and 35 m @ 0.57 g/t Au; new sampling data and incorporation of existing geophysical data has extended the interpreted strike length from 260 m to approximately 1000 m and the target remains open along strike and down dip.

Prospecting and sampling continue to expand known target areas and importantly continue to generate new surface targets for additional mapping, sampling and drilling along an approximately 15 km long prospective corridor. Regional RC reconnaissance drilling of geophysical and prospective geology has proven to be an excellent methodology for rapid sampling under Kalahari cover.

Next Steps

Rotation 4 drilling is planned to test and confirm the down dip and strike extension of Target AE, planning for this program is underway.

Surface prospecting and soil sampling will continue across the property. A soil grid is planned for the area south of Target A. Additional prospecting will be conducted south and west of the main Target AE area, Target AN and the north of Target AF.

R3 regional interpretation will be undertaken when full assay results are received for the BOK and bedrock samples.

Core Drilling Plan will build on the results at Target AE and ongoing geological interpretation at Target's AF and A.

About the Kraaipan Gold Project

The Kraaipan Project comprises approximately 724 km² of mineral concessions covering the entire ~60 km northern extension of the Kraaipan Greenstone Belt, a highly prospective Archean greenstone terrain straddling the Botswana-South Africa border. Over 80% of the northern portion of the belt is covered by Kalahari overburden, which have seen limited past exploration. The South African portion of the belt hosts numerous mineral occurrences including Harmony Gold's Kalgold mine, a multi-million-ounce, BIF-hosted gold operation located 40 km to the south that has been in continuous production for over 30 years.

North Arrow can earn up to 80% interest in the Kraaipan Project from Rockman Resources through a First Option to earn 60% by investing US$5 million over three years (US$1 million firm commitment achieved), and a Second Option, at Rockman's election, to earn an additional 20% upon completion of a Preliminary Economic Assessment. North Arrow's partner Rockman Resources - through its operator Mineral Services - leverages over 25 years of operational experience in Botswana, together with proprietary technologies including high-resolution UAV magnetics, a mobile RC drilling platform optimized for Kalahari conditions, and in-house sample preparation.

Sampling, Laboratory Analyses and QA/QC

RC and surface rock samples collected in the field were driven to Mineral Services' facility in Gaborone to be sorted and prioritized for assay. Samples were allocated unique random sample numbers, sealed and shipped to ALS's laboratory in Johannesburg, South Africa using industry-standard chain-of-custody protocols. Following an initial coarse crush (CRU-21), the entire sample is then pulverized (PUL-21) to better than 85% passing a 75-micron screen prior to geochemical analysis. All samples are analyzed for gold by fire assay with an ICP-AES finish, method code Au-ICP22 (50-gram sample). Samples returning gold values over 10 ppm are subjected to ore-grade check assays using fire assay and a gravimetric finish using method code Au-GRA22 (50-gram sample). Samples are also subjected to lithium borate fusion and acid digestion for whole-rock analysis of major and trace elements by ICP-AES (major elements) and ICP-MS (trace elements); method codes ME-ICP06 and ME-MS81, respectively. In addition, a suite of base metals and other trace elements not included in the ME-MS81 method are analysed by ICP-AES on four-acid digestions (method code ME-4ACD81).

QA/QC protocols include ALS laboratory's own internal quality assurance controls as well as Rockman's field controls, including the insertion of duplicates and certified reference materials (CRM), each at a rate of roughly one per 20 samples. QA/QC data are evaluated on receipt for failures, and appropriate action is taken if results for duplicates, CRMs and blanks fall outside allowed tolerances.

About North Arrow Minerals

North Arrow Minerals is a Vancouver-based exploration company focused on evaluating the Kraaipan Gold Project. Management and advisors bring significant global exploration and mining experience. North Arrow's exploration programs are conducted under the direction of Dr. John Armstrong, Ph.D., P.Geo. (NWT/NU), President and Chief Operating Officer of North Arrow and a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Dr. Armstrong has reviewed and approves the contents of this press release.

North Arrow Minerals Inc.

/s/ "Eira Thomas"
Eira Thomas, Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains "forward-looking statements" including but not limited to statements with respect to North Arrow's plans, the estimation of a mineral resource and the success of exploration activities. Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof, and the need for adequate financing for future exploration and development efforts. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. The Company assumes no obligation to update forward-looking statements except as required by law.

Footnotes/References

Reunion Mining (Botswana) PTY 1998 Prospecting Licence 56/97. Report for the 2nd Quarter, Third Year 1 September 1998 - 30 November 1998Laconia Resources Ltd. ASX Press Release 25/07/2017. Kraaipan Exploration Update

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311002

Source: North Arrow Minerals Inc.

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Allstate Corp reduced its position in Target Corporation (NYSE:TGT – Free Report) by 32.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 32,219 shares of the retailer’s stock after selling 15,229 shares during the period. Allstate Corp’s holdings in Target were worth $4,208,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. E Fund Management Co. Ltd. raised its stake in Target by 4.1% during the second quarter. E Fund Management Co. Ltd. now owns 1,747 shares of the retailer’s stock worth $228,000 after purchasing an additional 68 shares during the period. Wynn Capital LLC grew its stake in shares of Target by 0.9% during the 2nd quarter. Wynn Capital LLC now owns 8,455 shares of the retailer’s stock valued at $1,104,000 after buying an additional 79 shares during the period. Whipplewood Advisors LLC grew its stake in shares of Target by 16.0% during the 1st quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock valued at $70,000 after buying an additional 80 shares during the period. Prosperity Consulting Group LLC increased its holdings in shares of Target by 3.4% during the 1st quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock worth $300,000 after buying an additional 81 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Target by 3.4% during the 2nd quarter. Versant Capital Management Inc now owns 2,478 shares of the retailer’s stock worth $324,000 after buying an additional 82 shares during the last quarter. 79.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets In other Target news, insider Cara A. Sylvester sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the sale, the insider owned 45,930 shares in the company, valued at $5,782,127.70. This represents a 17.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

Target Stock Down 0.1% Shares of NYSE TGT opened at $165.35 on Monday. Target Corporation has a 12-month low of $83.44 and a 12-month high of $165.48. The company has a market cap of $75.10 billion, a P/E ratio of 17.17, a P/E/G ratio of 3.34 and a beta of 0.96. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. The stock has a fifty day moving average price of $140.82 and a 200 day moving average price of $128.14. Target (NYSE:TGT – Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. Target had a return on equity of 23.23% and a net margin of 4.08%.The firm had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter in the prior year, the business posted $2.05 earnings per share. Target’s revenue for the quarter was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. Research analysts anticipate that Target Corporation will post 8.84 EPS for the current fiscal year.

Target Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be issued a $1.16 dividend. This is an increase from Target’s previous quarterly dividend of $1.14. This represents a $4.64 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, August 12th. Target’s dividend payout ratio is presently 48.18%.

Wall Street Analysts Forecast Growth A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on Target from $129.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Wells Fargo & Company upped their price target on Target from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday. Roth Capital restated a “neutral” rating and issued a $142.00 price objective on shares of Target in a report on Thursday. Truist Financial raised their price objective on Target from $147.00 to $167.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Argus set a $150.00 price objective on Target in a research note on Friday, May 22nd. Eleven research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $159.52.

Read Our Latest Analysis on Target

More Target News Here are the key news stories impacting Target this week:

Positive Sentiment: Improved outlook: Target raised its fiscal 2026 earnings guidance to $9.90–$10.90 per share, citing stronger sales, digital growth, category performance and momentum that may extend beyond tariff-related benefits. Target Raises View as Growth Momentum Extends Beyond Tariff Tailwinds Positive Sentiment: Strong quarterly performance: Target reported $4.11 in quarterly EPS versus the $2.35 consensus estimate, while revenue of $26.54 billion exceeded expectations and increased 5.3% year over year. Traffic rose 3.6%, supported by merchandising improvements and better execution. Target Q2 Earnings Call Highlights Higher Sales Outlook and Traffic Positive Sentiment: Analyst support: RBC raised its price target to $178 and maintained an outperform rating. Other analysts also lifted targets following the earnings report, reinforcing the bullish reaction. Target Stock Climbs After Analysts Boost Price Targets Neutral Sentiment: Citigroup and TD Cowen raised their price targets but retained neutral/hold ratings, suggesting the stock’s valuation may already reflect much of the improved outlook. Negative Sentiment: A $994 million tariff refund significantly boosted second-quarter profitability, raising questions about how sustainable the earnings jump will be. Elevated valuation and execution risks could limit additional upside. Target Raises 2026 Guidance as Tariff Refunds Boost Q2 Profitability Negative Sentiment: Zacks Research downgraded Target from “strong buy” to “hold,” providing a counterweight to the broader analyst optimism. Target Profile (Free Report)

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.

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Investors who left Target (TGT +4.54%) stock for dead have missed out on what's becoming one of 2026's best turnaround stories.

The essentials retailer has dealt with a host of challenges, from inflation putting pressure on its non-essential categories to political public relations messes to increased tariffs. Target stock deflated over the past few years, but its gaining market confidence again, and it's up 63% year to date.

The market is often wary about recovery stories, since they're rare. But Target's is happening.

Image source: Target.

Things are finally starting to go right The market was not enthused about the appointment of Michael Fiddelke to the CEO role last year. He's a company insider, and the market was looking for a fresh perspective on the company and its troubles. His recovery plan wasn't especially confidence-boosting either, since it had a whiff of an unoriginal playbook. However, much of the strategy relies on getting the execution right, and management appears to be pulling it off.

There was sustained momentum in the fiscal 2026 second quarter (ended Aug. 1). Comparable sales were up 3.8% year over year, and traffic was up 3.6%. That means more people are coming back to its stores. Much of the growth is coming from digital channels, which had an 8.7% increase in comps versus 2.7% for stores. Same-day options have been a standout for Target throughout its recent problems, and sales increased 25% year over year in the quarter.

There was growth across all six of its categories, with double-digit growth in Fun101 and high single-digit growth in food and beverage and beauty.

One major growth area was store transformation. Target overhauled more stores in this quarter than any other in the past decade, replacing and revamping many areas, including center store grocery assortment. It added extra space for fresh, snacks, bakery, and emerging categories, and snack sales increased 15% after the transition. It also transformed its toy areas, and Fun101, Lego, plush, and Heyday electronics all delivered double-digit comps growth.

It only works, though, if it continues. Chief merchandising officer Cara Sylvetor noted, "These are the kinds of choices we need to make more consistently, staying close to the guest, moving at the speed of culture, and being disciplined about where we invest our space."

The company is also enjoying strength in non-merchandise sales, which grew 20% over last year. These include revenue sources like advertising and its membership program. And it's not just comparable sales. Target opened 17 new stores in the second quarter, and total revenue increased 5.3% over last year.

The future looks even better Fiddelke noted that there's a ways to go to get back to stability, and there are many signs that it will happen. One encouraging update is how the company is leveraging artificial intelligence to drive sales. It had 3.5 times more direct traffic from external sources like ChatGPT than the year-ago period, and teacher and college wish-list recommendations led to strong digital conversions.

Today's Change

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The store renovations demonstrate that it's on the right track, and it's investing in newness, trends, and key collaborations to keep up the momentum. It's launching Target Beauty Studio in 600 stores, and it's redoing other spaces like kids' home and bedding.

Management raised full-year sales growth to about 5%, a full percentage point higher, and earnings per share from a midpoint of $8 to a midpoint of $10.40.

The price is right, too Target's P/E ratio went as low as 10 recently, and as the stock climbs, it's reached 16.5 at the current price. That still looks like a bargain, especially when compared with competitors Costco Wholesale and Walmart.

TGT PE Ratio data by YCharts

As Target's recovery takes shape, you can still buy it it a bargain price. The company is also a Dividend King, and it's raised its dividend annually for the past 55 years. At the current price, the dividend yields 2.9%, and investors can enjoy dividend and stock growth as Target stock makes its way back up.

Bank of New York Mellon Corp bought a new position in shares of Target Corporation (NYSE:TGT – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,366,019 shares of the retailer’s stock, valued at approximately $831,466,000. Bank of New York Mellon Corp owned approximately 1.40% of Target as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. WFA of San Diego LLC acquired a new stake in Target in the 2nd quarter worth about $25,000. Jessup Wealth Management Inc acquired a new position in shares of Target during the fourth quarter valued at approximately $25,000. Altshuler Shaham Ltd acquired a new position in shares of Target during the fourth quarter valued at approximately $26,000. MidFirst Bank purchased a new position in shares of Target in the fourth quarter valued at approximately $31,000. Finally, Capital Advisors Ltd. LLC lifted its position in shares of Target by 245.6% in the first quarter. Capital Advisors Ltd. LLC now owns 273 shares of the retailer’s stock valued at $33,000 after acquiring an additional 194 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.

Key Target News Here are the key news stories impacting Target this week:

Positive Sentiment: Target reported second-quarter sales of $26.54 billion, up 5.3% year over year and ahead of estimates. Comparable sales rose 3.8%, supported by a 3.6% increase in traffic, while earnings significantly exceeded Wall Street expectations. Target Corporation Reports Second Quarter Earnings Positive Sentiment: Management raised its fiscal 2026 outlook, calling for approximately 5% sales growth and EPS of $9.90 to $10.90. Improving traffic, digital sales, merchandising and execution suggest that Target’s turnaround is gaining traction. Target lifts annual forecasts again Positive Sentiment: Several analysts raised their price targets following the earnings report. RBC increased its target to $178 and maintained an “outperform” rating, implying meaningful upside, while Citigroup and TD Cowen raised targets to $160. Analyst price-target updates Neutral Sentiment: Target’s dividend remains attractive to income investors, with a quarterly payout of $1.16 per share after a recent increase. However, the stock’s roughly 15% one-month rally leaves less room for additional gains if operating momentum slows. Target versus Walmart dividend comparison Negative Sentiment: Second-quarter profitability benefited from an approximately $994 million tariff refund. Investors may therefore view part of the earnings beat and upgraded outlook as nonrecurring, raising concerns about the quality and sustainability of underlying profits. Target raises guidance as tariff refunds boost profitability Negative Sentiment: Valuation and execution risks are limiting enthusiasm. KeyCorp reaffirmed a “sector weight” rating, while Citi and TD Cowen remain effectively neutral or hold-rated, suggesting analysts believe much of the recovery is already reflected in TGT’s share price. Target valuation analysis Target Stock Down 0.6% NYSE TGT opened at $158.04 on Friday. The business’s fifty day simple moving average is $140.21 and its 200-day simple moving average is $127.75. The company has a quick ratio of 0.30, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. The firm has a market cap of $71.78 billion, a PE ratio of 16.41, a P/E/G ratio of 2.09 and a beta of 0.97. Target Corporation has a 52 week low of $83.44 and a 52 week high of $161.98. Target (NYSE:TGT – Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The firm had revenue of $26.54 billion during the quarter, compared to analysts’ expectations of $26.13 billion. During the same period last year, the business earned $2.05 earnings per share. Target’s revenue was up 5.3% compared to the same quarter last year. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, equities analysts anticipate that Target Corporation will post 10.4 earnings per share for the current year.

Target Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be paid a $1.16 dividend. This is a positive change from Target’s previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.64 annualized dividend and a dividend yield of 2.9%. Target’s dividend payout ratio is currently 61.29%.

Wall Street Analysts Forecast Growth TGT has been the subject of several recent research reports. Mizuho set a $150.00 price objective on Target in a research note on Thursday. Telsey Advisory Group lifted their target price on shares of Target from $170.00 to $182.00 and gave the stock an “outperform” rating in a research note on Thursday. The Goldman Sachs Group upped their target price on shares of Target from $127.00 to $161.00 and gave the stock a “neutral” rating in a report on Thursday. Evercore set a $170.00 target price on shares of Target in a research report on Thursday. Finally, Argus set a $150.00 price target on shares of Target in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $159.52.

Get Our Latest Stock Report on TGT

Insider Activity In other news, insider Cara A. Sylvester sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the sale, the insider owned 45,930 shares in the company, valued at $5,782,127.70. This trade represents a 17.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

Target Profile (Free Report)

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.

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Walmart delivered exactly what the bulls wanted on paper Thursday morning — a double beat and a raised full-year outlook — and shares promptly fell more than 7% in early trading.

Total revenue of $187.9 billion rose 5.9% and topped the Zacks Consensus Estimate of $186.3 billion, while adjusted EPS of $0.81 crushed the $0.73 consensus by nearly 11%. Management then lifted its fiscal 2027 guidance across the board.

Image Source: StockCharts

None of it mattered. The market looked past the quarter and focused on two things: how Walmart earned those numbers, and what it told investors about the next three months.

The Comp Line Decelerated SharplyWalmart U.S. comparable sales rose 2.6% excluding fuel. That is a solid number in absolute terms, but it represents a meaningful slowdown from the 4.6% posted in the year-ago quarter and from the 4.1% Walmart delivered just last quarter. More uncomfortably, it trailed the 3.8% comp Target posted one day earlier.

The composition is where it gets uncomfortable. Transactions grew 1.5%, down from 3.0% in the first quarter — traffic growth effectively halved in a single quarter. Average ticket rose just 1.1%, unchanged sequentially but well below the 3.1% of a year ago. For a retailer whose entire bull case has rested on winning customers rather than raising prices, that transaction deceleration is the number that will draw scrutiny.

In fairness, there is a legitimate explanation for part of it. Management disclosed a 125-basis-point headwind to comp sales from pharmacy deflation tied to the new maximum fair price regulation effective January 1st. Add that back and the underlying comp lands closer to 3.9%, which reframes the quarter considerably. That is a regulatory pricing effect, not a demand problem — and investors who ignore it will misread the business.

The Profit Beat Was Borrowed From the Second HalfHere is the crux of the selloff. Operating income surged 28.8%, or 17.4% on an adjusted constant-currency basis, and the consolidated gross profit rate expanded 96 basis points. Impressive figures — but Walmart itself told you not to take them at face value.

The company stated plainly that the operating income growth “includes the impact of tariff refunds received, partially offset by price investments in the quarter,” and that “setting aside this net impact, underlying operating income growth was at the top end of our guidance.” Top end of guidance is roughly 8%. Reported was more than double that.

CFO John David Rainey was even more direct: “Our operating income outlook reflects the continued prioritization of tariff refunds received in Q2 into customer experience and price investments in the second half. For this reason, I encourage you to consider Q2 and Q3 performance together to assess the underlying growth of the business.”

That is a CFO telling investors, in plain language, that the second quarter was flattered and the third quarter will be depressed — and to average them. Once you internalize it, an 11% EPS beat stops looking like an inflection.

The Third-Quarter Guide Is the Real ProblemManagement guided third-quarter net sales growth of 3.0% to 3.75% in constant currency, operating income growth of just 2.0% to 4.0%, and adjusted EPS of $0.62 to $0.64. That last figure compares to $0.62 in the year-ago quarter — implying flat to roughly 3% growth. The implied revenue guide of about $185.6 billion sits about 1.4% below where the Street was modeling.

Going from 17.4% adjusted operating income growth to a guided 2.0% to 4.0% is a violent deceleration, even with the tariff-refund explanation and a stated 100-basis-point-plus headwind from the timing shift of Flipkart’s Big Billion Days between the third and fourth quarters. For a stock trading at a substantial premium to the market, a quarter of essentially zero earnings growth is not what shareholders were underwriting.

The raise itself also deserves a closer look. Full-year adjusted EPS guidance moved to $2.80–$2.87 from $2.75–$2.85 — a five-cent bump at the midpoint against an eight-cent quarterly beat. Management effectively banked less than it earned. Capital expenditures were simultaneously raised to approximately 4.0% of net sales from 3.5%, which on a $700-billion-plus revenue base is a substantial increase in spending.

Target Just Outgrew WalmartThe comparison that matters most this week is Target, which reported Wednesday morning and delivered numbers that would have been difficult to imagine a year ago. Comparable sales rose 3.8%, well ahead of the 2.4% Street consensus, driven by traffic growth of 3.6%. Net sales climbed 5.3% to $26.5 billion, with digital comps up 8.7% and same-day delivery up more than 25%.

Set the two side by side. Target (TGT - Free Report) grew comps 120 basis points faster than Walmart (WMT - Free Report) and grew traffic more than twice as fast — 3.6% against 1.5%. For the better part of three years, the prevailing story in mass retail has been Walmart steadily taking share from a struggling Target. This quarter, that reversed.

One important caveat cuts in Walmart’s favor. Target’s headline EPS of $4.11 included $1.65 per share from tariff refunds — roughly 40% of reported earnings. Strip that out and Target earned closer to $2.46, with ex-refund full-year guidance of $8.25 to $9.25 sitting far below the $9.90 to $10.90 headline range. Walmart’s tariff benefit ran through operating income but was largely offset by price investments, leaving its adjusted EPS uninflated.

On an underlying basis, then, the gap narrows considerably. Adjusted for pharmacy deflation, Walmart’s roughly 3.9% comp and Target’s 3.8% are essentially level. Even so, Walmart is no longer the unambiguous winner in mass retail it was twelve months ago.

Read-Through for RetailThree conclusions follow for the broader sector. First, the consumer is intact but increasingly value-driven. Ticket growth has stalled almost everywhere. That favors scale grocers and warehouse clubs and continues to pressure mid-tier discretionary retailers with no price advantage.

Second, tariff refunds are distorting reported profitability across retail. Home Depot (HD - Free Report) , Lowe’s (LOW - Free Report) and Walmart have all now cited IEEPA refunds in the same week. Investors should assume any retailer’s second-quarter margin beat contains some portion of this benefit and adjust accordingly.

Third, the bar has been reset. When the sector’s strongest operator beats by 11%, raises guidance, and still falls 7%, it signals that valuations across quality retail have gotten ahead of the earnings trajectory.

Bottom LineWalmart entered this report with a Zacks Rank #3 (Hold) and a positive Earnings ESP of +0.96% — our model called the beat correctly. The harder question is what happens to estimates now.

The full-year raise argues for modest upward revisions. The third-quarter guide argues for downward revisions to near-term numbers. Those largely offset, which likely keeps the rank anchored.

The long-term story remains genuinely strong: accelerating eCommerce, a 38%-growth advertising business, and expanding membership. But the market has finally drawn a line on paying a premium multiple for growth that depends on one-time tariff recoveries and decelerating traffic. Today’s reaction is not a verdict on the franchise — it is a verdict on the price.

Toronto, Ontario--(Newsfile Corp. - August 19, 2026) - Stakeholder Gold Corp. (TSXV: SRC) (OTCQX: SKHRF) (WKN: A2QEP1) ("Stakeholder" or the "Company") is pleased to announce initial diamond drill assay results from hole BA2601, the first hole drilled into the highly prospective Loki Target on its 100%-owned, district-scale Ballarat Gold-Copper Project ("Ballarat") in the dynamic White Gold District of the Yukon Territory (Figure 2).

This news release reports only the portion of hole BA2601 which has been received to date (the 226 to 451 metre interval); assays for the remainder of the 498-metre hole (the 0-226m and 451-498m intervals) are still pending and will be released separately.

Hole BA2601 was collared at the Loki Target and drilled to a total depth of 498 metres (azimuth 230°, dip -45°), successfully testing a mafic-ultramafic (pyroxenite) intrusion interpreted to be the source of the strong copper-nickel soil anomaly at Loki. The hole intersected broad, variably mineralized pyroxenite carrying disseminated, blebby and locally net-textured magmatic sulphides - including pyrrhotite, pentlandite and chalcopyrite - over substantial intervals, together with an impressive net-textured to massive sulphide lens logged at 258.6-261 metres. Grade and interval details are summarized in Table 1 below.

Highlights

Standout first assays from the Loki Target: Initial diamond drill results from hole BA2601 returned a copper-nickel-cobalt sulphide zone of 6 metres from 254 to 260 metres grading 1,190 ppm Cu, 159 ppm Ni and 123 ppm Co (500 ppm Cu cut-off), including 1 metre from 258 to 259 metres of 3,730 ppm Cu (0.37% Cu), 641 ppm Ni and 514 ppm Co at 5.02% sulphur, coincident with a logged net-textured to massive sulphide lens (Figure 2).

Encouraging separate PGE mineralization: Two spatially separate platinum-group-element zones lie away from the copper-nickel-cobalt zone - 5 metres from 380 to 385 metres of approximately 100 ppb Pt+Pd, including 1 metre from 380 to 381 metres of 183 ppb Pt+Pd (118 ppb Pt and 65 ppb Pd), and 3 metres from 323 to 326 metres of 90 ppb Pt+Pd - hosted in weakly sulphidic rock and consistent with a fertile, well-differentiated magmatic system.

Extensive, broadly mineralized pyroxenite: Hole BA2601 intersected variably mineralized pyroxenite carrying pyrrhotite, pentlandite and chalcopyrite throughout much of the hole, including a net-textured to massive sulphide lens at 258.6-261 m, within the 498 m hole.

Positioned at the Heart of a District on the Move

The Ballarat Gold-Copper Project occupies what management believes to be one of the most strategic and progressive land positions in the rapidly advancing White Gold District. The property lies immediately northeast of, and directly adjacent to, Talamore Mining's Coffee Gold Project, which is currently under development as one of Canada's newest gold mines (Figure 1).

Figure 1. Ballarat Project, White Gold District, Yukon Territory, Canada

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3082/310310_3586421d9492eba9_001full.jpg

The Northern Access Route (NAR), now under construction to service the Coffee Gold Project, traverses through the center of the Ballarat property - placing 20 km of new, mine-grade road infrastructure across Stakeholder's ground and dramatically enhancing future access for exploration and development (Figure 2).

Figure 2. Loki Critical Mineral Zone and Gold Targets within Ballarat Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3082/310310_3586421d9492eba9_002full.jpg

Drill Results - Hole BA2601 (Loki Target)

Hole BA2601 successfully tested the Loki Target, where copper-nickel-cobalt soil geochemistry, favourable mafic-ultramafic host rocks and geophysical response combine to define a high-priority target for magmatic nickel-copper-cobalt-PGE sulphide mineralization. Logging of the core identified a thick, variably mineralized pyroxenite intrusion hosting disseminated to interstitial pyrrhotite, pentlandite and chalcopyrite, with sulphide abundance increasing locally to net-textured and massive styles - most notably the sulphide lens logged at 258.6-261 metres. The strongest base-metal response coincides with this lens: the 258 to 259 metre sample returned 3,730 ppm Cu, 641 ppm Ni and 514 ppm Co at 5.02% sulphur, within a 6-metre copper zone from 254 to 260 metres averaging 1,190 ppm Cu, 159 ppm Ni and 123 ppm Co (500 ppm Cu cut-off).

Platinum-group elements are concentrated in two spatially separate, sulphide-poor zones - 5 metres at 380 to 385 metres grading approximately 100 ppb Pt+Pd (including 183 ppb Pt+Pd, with 118 ppb Pt and 65 ppb Pd, over the 380 to 381 metre sample) and 3 metres at 323 to 326 metres grading 90 ppb Pt+Pd - indicating platinum-group mineralization decoupled from the base-metal sulphides. Selected intervals are summarized in Table 1. Only the current portion of hole BA2601 is being released at this time; assays for the 0-226m and 451-498m intervals are still pending.

ZoneFrom 
(m)To 
(m)Length 
(m)Cu 
(ppm)Ni 
(ppm)Co 
(ppm)Pt 
(ppb)Pd 
(ppb)Pt+Pd 
(ppb)Cu-Ni-Co sulphide zone25426061,190159123161834including25825913,7306415144456100Separate PGE zone32332631949426474390including324325122988236258120Separate PGE zone38038554633115842100including3803811100182011865183Table 1: Copper and platinum-group-element intervals in hole BA2601, reported at cut-offs of 500 ppm Cu for the copper zone and 50 ppb Pt+Pd for the PGE zones. Grades are length-weighted averages; copper, nickel and cobalt in parts per million (ppm) and platinum and palladium in parts per billion (ppb). Reported intervals are drill-core lengths; true widths are not yet determined. Only the portion of hole BA2601 which has been received to date (section from 226 to 451 metres) is reported herein.

"We see a suite of critical minerals including copper with nickel and cobalt association and separately platinum and palladium mineralization within the Loki ultra mafic intrusive structure. The structure itself is extensive from west to east across more than 30 km through the southern section of the Ballarat project area," stated Christopher Berlet, CEO and Director of Stakeholder Gold Corp.

"We have successfully defined a high-priority critical mineral exploration target with the first hole at Loki and are now waiting for assays for the remainder of this hole and for the nine further drill holes which targeted four prospective gold zones across the northern section of Ballarat."

Sampling and Quality Assurance / Quality Control

Drill core from hole BA2601 was logged, photographed and sampled at the core facility in Dawson, Yukon, where the core was sawn in half and one half was submitted for analysis at one-metre sample intervals. Samples were sent to the Bureau Veritas (BV) preparation laboratory in Whitehorse, Yukon, where they were crushed, and a split was pulverized to 85% passing 200 mesh.

At the BV laboratory in Vancouver, British Columbia, platinum, palladium and gold were determined by 30-gram fire assay with an ICP-ES finish (BV method FA350), and copper, nickel, cobalt and additional elements by 1:1:1 aqua-regia digestion with an ICP-ES/MS finish (BV method AQ201). Bureau Veritas Commodities Canada Ltd. is an ISO/IEC 17025-accredited laboratory that is independent of the Company. As part of its quality-assurance / quality-control program, the Company inserts certified reference materials (standards), blanks and duplicate samples into the sample stream and reviews all quality-control results upon receipt of assays.

Adam Fage, M.Sc., P.Geo. states:

"Assays from BA2601 confirm a fertile magmatic sulphide system: the intrusion has concentrated copper, nickel and cobalt into discrete sulphide zones while segregating platinum and palladium into separate, sulphide-poor horizons. This clear decoupling of base metals from platinum-group elements is the hallmark of a well-differentiated intrusion, and it gives us defined geochemical vectors to follow toward higher-tenor mineralization."

Adam Fage MSc., P.Geo is an independent geological consultant and the Qualified Person for the Company, as defined by NI 43-101, and has reviewed and approved the contents of this press release.

About Stakeholder Gold Corporation

Stakeholder holds 100% ownership of a substantial 1,140-claim, 22,700-hectare land package spanning 20 km of the Coffee Mine Project's "Northern Access Route (NAR)", which is being developed through the geographical center of the dynamic White Gold District of the Yukon Territory, Canada. Stakeholder also maintains in good standing 10 claims located inside the adjacent Coffee Mine Project, which is being developed by Talamore Mining Corp. These combined claim holdings are referred to collectively as the Ballarat Gold-Copper Project ("Ballarat").

Within its extensive contiguous claim holdings, Stakeholder is advancing exploration on the Skye Gold Zone and the Loki Copper Zone - two highly compelling exploration targets separated by some 8 km, each prospective for new gold and critical mineral discoveries respectively, on either side of the Northern Access Route (NAR), in the heart of the White Gold District.

https://stakeholdergold.com/projects-overview/ballarat-gold-copper-project/

Stakeholder also generates recurring cash flow from the production and sale of exotic stones through its 100%-owned Brazilian subsidiary Mineração VMC Ltda. ("VMC"). VMC is currently producing from 4 independent stone quarries and is actively pursuing opportunities to expand the sale and export of exotic stone building materials from Brazil.

https://victoriaminingcorp.ca

Christopher J. Berlet B.A.Sc.(Mining), CFA, CEO & Director of Stakeholder is responsible for the content of this press release.

Forward-Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute "forward-looking statements" and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation's strategy, plans or future financial or operating performance.

When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation's annual financial statements, MD&A and other publicly filed documents.

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/310310

Source: Stakeholder Gold Corp.

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, /PRNewswire/ --

Second quarter net sales grew 5.3 percent over last year, with comparable sales growth of 3.8 percent driven by a 3.6 percent increase in comparable traffic. On a two-year basis, second quarter Net Sales compounded annual growth rate was 2.1%, a 30 basis point acceleration to prior quarter. Topline strength was broad-based across sales channels, demographics, merchandise categories, and across the quarter. Store comparable sales grew 2.7 percent, and Digital comparable sales grew 8.7 percent, led by more than 25 percent growth in same-day delivery. Net sales in all six core merchandising categories grew versus a year ago with double-digit growth in Fun 101 and high single-digit growth in Food & Beverage and Beauty. The company continues to focus on a differentiated retail experience, investing in style, design, newness, and in value, having lowered prices on more than 10,000 items over the past year. Non-merchandise sales grew over 20 percent, reflecting strong growth in Roundel ad revenue, Target Circle 360 membership revenue, and the Target+ marketplace. Second quarter GAAP and Adjusted EPS1 was $4.11, compared with prior-year GAAP and Adjusted EPS of $2.05, an increase of 100 percent, which included tariff refund2 benefits of $1.65 for Q2 2026. GAAP and Adjusted EPS increased 20 percent year-over-year, excluding tariff refunds. For additional media materials, please visit:
https://corporate.target.com/news-features/article/2026/08/q2-2026-earnings

 Target Corporation (NYSE: TGT) today announced its second quarter 2026 financial results.

The Company reported second quarter GAAP and Adjusted earnings per share (EPS) of $4.11, compared with prior-year GAAP and Adjusted EPS of $2.05. Second quarter 2026 results include $994 million of pretax tariff refund benefits within gross margin and operating income. These gains contributed $752 million to net earnings and $1.65 to both GAAP and Adjusted EPS. The attached tables provide reconciliations of non-GAAP to GAAP measures. All earnings per share figures are calculated on a diluted basis.

"Second quarter results build on the encouraging momentum we saw in the first quarter, giving us increasing confidence that our strategy is resonating with our guests and strengthening our leadership position in style, design, and value," said Michael Fiddelke, Chief Executive Officer of Target. "Over the past year, we've reduced prices on more than 10,000 frequently purchased items as part of our commitment to delivering outstanding value every day, while continuing to invest in newness, convenience, and an elevated shopping experience. While there's still meaningful work ahead, we're encouraged by the progress we're making and remain focused on executing with discipline, staying agile in a dynamic operating environment, and investing in our team and capabilities to drive sustainable, profitable growth over the long term."

Guidance3

Given our performance through the first half of the year, the Company has the following updated expectations for 2026:

Full-year net sales growth in a range around 5 percent, one percentage point higher than the prior guidance range. Full-year 2026 operating income margin rate in a range around 6 percent, including approximately 90 basis points of benefit from Q2 tariff refunds. Excluding tariff refunds, full-year operating income margin rate is expected to be in a range around 50 basis points higher than last year's Adjusted operating income margin rate of 4.6 percent. An updated GAAP and Adjusted EPS guidance range of $9.90 to $10.90, which includes second quarter tariff refund benefits of approximately $1.65. Excluding tariff refunds, the midpoint of the guidance range reflects a $0.75 increase versus prior guidance of $7.50 to $8.50. Operating Results

Net Sales of $26.5 billion in the second quarter were 5.3 percent higher than last year, reflecting a 5.0 percent increase in merchandise sales and a 20.1 percent increase in non-merchandise sales. Comparable sales grew 3.8 percent in the second quarter, reflecting a comparable store sales increase of 2.7 percent and comparable digital sales increase of 8.7 percent. Second quarter operating income, which included a $994 million benefit from tariff refunds, was $2.6 billion, compared with prior-year operating income of $1.3 billion. Operating income margin rate of 9.6 percent, which included 3.7 percentage points of benefit from the tariff refunds, increased from the prior-year operating income margin rate of 5.2 percent. Second quarter gross margin rate was 33.7 percent, reflecting 3.7 percentage points of benefit from tariff refunds. Excluding tariff refunds, second quarter gross margin rate expanded approximately 100 basis points over prior year margin rate of 29.0 percent, reflecting the comparison over last year's elevated markdowns and purchase order cancellation costs, as well as continued growth in advertising and non-merchandise sales. Second quarter SG&A expense rate was 21.6 percent, compared with prior-year SG&A expense rate of 21.3 percent. This increase reflects the impact of higher compensation costs, including additional hours for field teams and higher incentive compensation, as well as planned spending related to capital projects, partially offset by the leverage benefit of strong topline growth.

Interest Expense and Taxes

The Company's second quarter 2026 net interest expense was $98 million, compared with $116 million last year, reflecting higher interest income in the current year.

Second quarter 2026 effective income tax rate was 23.7 percent, compared with the prior year rate of 23.2 percent reflecting higher pretax earnings partially offset by additional tax credit benefits in the current year.

Capital Deployment and Return on Invested Capital

Second quarter capital expenditures of $1.4 billion were 27 percent higher than last year, driven primarily by increased investments in store remodels and new stores.

The Company paid dividends of $518 million in the second quarter, compared with $509 million last year, reflecting a 1.8 percent increase in the dividend per share.

The Company did not repurchase any stock in the second quarter. As of the end of the quarter, the Company had approximately $8.3 billion of remaining capacity under the repurchase program approved by Target's Board of Directors in August 2021.

For the trailing twelve months through second quarter 2026, after-tax return on invested capital (ROIC) was 15.4 percent, compared with 14.3 percent for the trailing twelve months through second quarter 2025. The tables in this release provide additional information about the Company's ROIC calculation.

Webcast Details

Target will webcast its second quarter earnings conference call at 7:00 a.m. CT today. Investors and the media are invited to listen to the meeting at Corporate.Target.com/Investors (click on "Q2 2026 Target Corporation Earnings Conference Call" under "Events & Presentations"). A replay of the webcast will be provided when available. The replay number is 1-800-365-2419.

Miscellaneous

Statements in this release regarding the Company's future financial performance, including its fiscal 2026 full-year guidance and strategic plans, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties which could cause the Company's results to differ materially. The most important risks and uncertainties are described in Item 1A of the Company's Form 10-K for the fiscal year ended January 31, 2026. Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update any forward-looking statement.

About Target

Target Corporation (NYSE: TGT) brings together style, design and value to offer a distinct assortment and elevated shopping experience across more than 2,000 U.S. stores and online. Powered by more than 400,000 team members, Target serves millions of families each week and invests in the communities where they live and work to support growth and opportunity for all.

1 Adjusted EPS, Adjusted selling, general and administrative (SG&A) expenses, Adjusted SG&A expense rate, Adjusted operating income, and Adjusted operating income margin rate, non-GAAP financial measures, exclude the impact of certain discretely managed items, when applicable. See the tables of this release for additional information.

2 During the three and six months ended August 1, 2026, we recognized $994 million related to International Emergency Economic Powers Act (IEEPA) tariff refunds ("tariff refunds") received during the second quarter of 2026 as a reduction of Cost of Sales. Note (a) to the Operating Metrics table provides additional information about the impact of tariff refunds.

3 The Company's guidance excludes any potential future tariff refunds.

TARGET CORPORATION

Consolidated Statements of Operations

Three Months Ended

Six Months Ended

(millions, except per share data) (unaudited)

August 1, 2026

August 2, 2025

Change

August 1, 2026

August 2, 2025

Change

Net sales

$    26,539

$    25,211

5.3 %

$    51,982

$    49,057

6.0 %

Cost of sales

17,603

17,903

(1.7)

35,664

35,031

1.8

Selling, general, and administrative expenses

5,725

5,359

6.8

11,286

9,950

13.4

Depreciation and amortization (exclusive of
 depreciation included in cost of sales)

651

632

3.2

1,337

1,287

3.9

Operating income

2,560

1,317

94.4

3,695

2,789

32.5

Net interest expense

98

116

(16.1)

215

232

(7.4)

Net other expense / (income)

3

(17)

(114.9)

(13)

(43)

(72.0)

Earnings before income taxes

2,459

1,218

101.9

3,493

2,600

34.3

Provision for income taxes

582

283

105.8

835

629

32.7

Net earnings

$     1,877

$        935

100.8 %

$     2,658

$     1,971

34.9 %

Basic earnings per share

$       4.13

$       2.06

100.8 %

$       5.85

$       4.33

35.1 %

Diluted earnings per share

$       4.11

$       2.05

100.3 %

$       5.83

$       4.32

34.8 %

Weighted average common shares outstanding

Basic

454.4

454.6

0.0 %

454.1

454.8

(0.1) %

Diluted

456.6

455.6

0.2 %

456.2

456.1

0.0 %

Antidilutive shares

0.7

5.0

0.9

2.3

Dividends declared per share

$       1.16

$       1.14

1.8 %

$       2.30

$       2.26

1.8 %

TARGET CORPORATION

Consolidated Statements of Financial Position

(millions, except footnotes) (unaudited)

August 1, 2026

January 31, 2026

August 2, 2025

Assets

Cash and cash equivalents

$        5,411

$        5,488

$        4,341

Inventory

13,249

12,304

12,881

Other current assets

2,268

2,213

1,812

Total current assets

20,928

20,005

19,034

Property and equipment, net

34,767

33,749

33,568

Operating lease assets

3,587

3,703

3,694

Other noncurrent assets

1,953

2,033

1,555

Total assets

$       61,235

$       59,490

$       57,851

Liabilities and shareholders' investment

Accounts payable

$       13,306

$       12,622

$       12,019

Accrued and other current liabilities

6,738

6,478

6,068

Current portion of long-term debt and other borrowings

1,136

2,130

1,136

Total current liabilities

21,180

21,230

19,223

Long-term debt and other borrowings

14,221

14,326

15,320

Noncurrent operating lease liabilities

3,332

3,462

3,514

Deferred income taxes

2,504

2,265

2,413

Other noncurrent liabilities

2,155

2,042

1,961

Total noncurrent liabilities

22,212

22,095

23,208

Shareholders' investment

Common stock

38

38

38

Additional paid-in capital

7,329

7,247

7,084

Retained earnings

10,890

9,297

8,766

Accumulated other comprehensive loss

(414)

(417)

(468)

Total shareholders' investment

17,843

16,165

15,420

Total liabilities and shareholders' investment

$       61,235

$       59,490

$       57,851

Common Stock Authorized 6,000,000,000 shares, $0.0833 par value; 454,291,461, 452,840,187, and 454,396,092 shares issued and outstanding as of August 1, 2026, January 31, 2026, and August 2, 2025, respectively.

Preferred Stock Authorized 5,000,000 shares, $0.01 par value; no shares were issued or outstanding during any period presented.

TARGET CORPORATION

Consolidated Statements of Cash Flows

Six Months Ended

(millions) (unaudited)

August 1, 2026

August 2, 2025

Operating activities

Net earnings

$       2,658

$       1,971

Adjustments to reconcile net earnings to cash provided by operating activities:

Depreciation and amortization

1,597

1,558

Share-based compensation expense

154

133

Deferred income taxes

238

112

Noncash (gains) / losses and other, net

(4)

1

Changes in operating accounts:

Inventory

(945)

(141)

Other assets

22

151

Accounts payable

612

(1,125)

Accrued and other liabilities

187

(302)

Cash provided by operating activities

4,519

2,358

Investing activities

Expenditures for property and equipment

(2,404)

(1,864)

Other

7

11

Cash used in investing activities

(2,397)

(1,853)

Financing activities

Additions to long-term debt

—

1,984

Reductions of long-term debt

(1,070)

(1,571)

Dividends paid

(1,034)

(1,019)

Repurchase of stock

(3)

(258)

Shares withheld for taxes on share-based compensation

(92)

(62)

Cash used in financing activities

(2,199)

(926)

Net decrease in cash and cash equivalents

(77)

(421)

Cash and cash equivalents at beginning of period

5,488

4,762

Cash and cash equivalents at end of period

$       5,411

$       4,341

TARGET CORPORATION

Operating Results

Net Sales

Three Months Ended

Six Months Ended

(millions) (unaudited)

August 1, 2026

August 2, 2025

August 1, 2026

August 2, 2025

Apparel & accessories

$       4,090

$       4,086

$       7,937

$       7,797

Beauty

3,639

3,396

7,037

6,498

Food & beverage

5,991

5,588

12,255

11,490

Hardlines (Fun 101)

3,894

3,522

7,415

6,597

Home furnishings & décor

3,668

3,662

6,906

6,880

Household essentials

4,617

4,422

9,187

8,779

Other merchandise sales

48

43

104

83

Merchandise sales

25,947

24,719

50,841

48,124

Advertising revenue (a)

279

217

525

379

Credit card profit sharing

139

134

269

275

Other

174

141

347

279

Net sales

$      26,539

$      25,211

$      51,982

$      49,057

(a)

Primarily represents revenue related to advertising services provided via the Company's Roundel digital advertising business offering. Roundel services are classified as either Net Sales or as a reduction of Cost of Sales or Selling, General, and Administrative (SG&A) Expenses, depending on the nature of the advertising arrangement.

Operating Metrics

Three Months Ended

(dollars in millions) (unaudited)

August 1, 2026

August 2, 2025

Dollars

Rate

Dollars

Rate

Gross margin (a)

$  8,936

33.7 %

$  7,308

29.0 %

SG&A expenses

5,725

21.6

5,359

21.3

Adjusted SG&A expenses (b)

5,725

21.6

5,359

21.3

Depreciation and amortization (exclusive of depreciation included in cost of sales)

651

2.5

632

2.5

Operating income (a)

2,560

9.6

1,317

5.2

Adjusted operating income (a)(b)

2,560

9.6

1,317

5.2

Operating Metrics

Six Months Ended

(dollars in millions) (unaudited)

August 1, 2026

August 2, 2025

Dollars

Rate

Dollars

Rate

Gross margin (a)

$ 16,319

31.4 %

$ 14,026

28.6 %

SG&A expenses

11,286

21.7

9,950

20.3

Adjusted SG&A expenses (b)

11,286

21.7

10,543

21.5

Depreciation and amortization (exclusive of depreciation included in cost of sales)

1,337

2.6

1,287

2.6

Operating income (a)

3,695

7.1

2,789

5.7

Adjusted operating income (a)(b)

3,695

7.1

2,196

4.5

Note: Gross margin is calculated as Net Sales less Cost of Sales. All rates are calculated by dividing the applicable amount by Net Sales.

(a)

For the three and six months ended August 1, 2026, gross margin, Operating income, and Adjusted operating income include a $994 million benefit from tariff refunds received during the second quarter of 2026, which are classified as a reduction of Cost of Sales. Tariff refunds provided 3.7 and 1.9 percentage points of benefit to Gross margin rate, Operating income margin rate, and Adjusted operating income margin rate for the three and six month periods, respectively.

(b)

Adjusted SG&A expenses, Adjusted SG&A expense rate, Adjusted operating income, and Adjusted operating income margin rate, which are non-GAAP measures, exclude the impact of certain items. Management believes that these measures are useful in providing period-to-period comparisons of the results of our operations. The Reconciliation of Non-GAAP Financial Measures tables provide additional information.

Sales Metrics

Comparable sales include all Merchandise Sales, except sales from stores open less than 13 months or that have been closed.  Digitally originated sales include all Merchandise Sales initiated through mobile applications and the Company's websites.

Comparable Sales

Three Months Ended

Six Months Ended

(unaudited)

August 1, 2026

August 2, 2025

August 1, 2026

August 2, 2025

Comparable sales change

3.8 %

(1.9) %

4.7 %

(2.8) %

Drivers of change in comparable sales

Number of transactions (traffic)

3.6

(1.3)

4.0

(1.8)

Average transaction amount

0.2

(0.6)

0.7

(1.0)

Comparable Sales by Channel

Three Months Ended

Six Months Ended

(unaudited)

August 1, 2026

August 2, 2025

August 1, 2026

August 2, 2025

Stores originated comparable sales change

2.7 %

(3.2) %

3.7 %

(4.4) %

Digitally originated comparable sales change

8.7

4.3

8.8

4.5

Merchandise Sales by Channel

Three Months Ended

Six Months Ended

(unaudited)

August 1, 2026

August 2, 2025

August 1, 2026

August 2, 2025

Stores originated

80.4 %

81.1 %

80.1 %

80.7 %

Digitally originated

19.6

18.9

19.9

19.3

Total

100 %

100 %

100 %

100 %

Merchandise Sales by Fulfillment Channel

Three Months Ended

Six Months Ended

(unaudited)

August 1, 2026

August 2, 2025

August 1, 2026

August 2, 2025

Stores

97.6 %

97.7 %

97.6 %

97.7 %

Other

2.4

2.3

2.4

2.3

Total

100 %

100 %

100 %

100 %

Note: Merchandise Sales fulfilled by stores include in-store purchases and digitally originated sales fulfilled by shipping merchandise from stores to guests, Order Pickup, Drive Up, and Same Day Delivery.

Number of Stores and Retail Square Feet

Number of Stores

Retail Square Feet (a)

(unaudited)

August 1,
2026

January 31,
2026

August 2,
2025

August 1,
2026

January 31,
2026

August 2,
2025

170,000 or more sq. ft.

274

273

273

49,045

48,824

48,824

50,000 to 169,999 sq. ft.

1,598

1,576

1,562

200,321

197,274

195,436

49,999 or less sq. ft.

147

146

147

4,460

4,420

4,445

Total

2,019

1,995

1,982

253,826

250,518

248,705

(a)

In thousands; reflects total square feet less office, supply chain facility, and vacant space.

TARGET CORPORATION

Reconciliation of Non-GAAP Financial Measures

To provide additional transparency, the Company has disclosed non-GAAP adjusted diluted earnings per share (Adjusted EPS), adjusted SG&A expenses, adjusted SG&A expense rate, adjusted operating income, and adjusted operating income margin rate. When applicable, these measures exclude certain discretely managed items. Management believes this information is useful in providing period-to-period comparisons of the results of Target's operations. These measures are not in accordance with, or an alternative to, generally accepted accounting principles in the United States (GAAP). The most comparable GAAP measures are diluted earnings per share, SG&A expenses, SG&A expense rate, operating income, and operating income margin rate. Adjusted EPS, Adjusted SG&A expenses, Adjusted SG&A expense rate, Adjusted operating income, and Adjusted operating income margin rate should not be considered in isolation or as a substitution for analysis of Target's results as reported in accordance with GAAP. Other companies may calculate these measures differently, or not provide similar measures, limiting the usefulness of the measures for comparisons with other companies. 

Reconciliation of Non-GAAP

Adjusted EPS

Three Months Ended

August 1, 2026

August 2, 2025

(millions, except per share data) (unaudited)

Pretax

Net of Tax

Per Share

Pretax

Net of Tax

Per Share

Change

GAAP and Adjusted EPS

$   4.11

$   2.05

100.3 %

Reconciliation of Non-GAAP

Adjusted EPS

Six Months Ended

August 1, 2026

August 2, 2025

(millions, except per share data) (unaudited)

Pretax

Net of Tax

Per Share

Pretax

Net of Tax

Per Share

Change

GAAP diluted EPS

$   5.83

$   4.32

34.8 %

Adjustments

Interchange fee settlements (a)

$     —

$     —

$     —

$  (593)

$   (441)

$ (0.97)

Adjusted EPS

$   5.83

$   3.35

73.7 %

Reconciliation of Non-GAAP Adjusted
SG&A Expenses and Adjusted Operating Income

Three Months Ended

August 1, 2026

August 2, 2025

SG&A Expenses

Operating Income (b)

SG&A Expenses

Operating Income

(dollars in millions) (unaudited)

Dollars

Rate

Dollars

Rate

Dollars

Rate

Dollars

Rate

GAAP and Adjusted measures

$   5,725

21.6 %

$   2,560

9.6 %

$   5,359

21.3 %

$   1,317

5.2 %

Reconciliation of Non-GAAP Adjusted
SG&A Expenses and Adjusted Operating Income

Six Months Ended

August 1, 2026

August 2, 2025

SG&A Expenses

Operating Income (b)

SG&A Expenses

Operating Income

(dollars in millions) (unaudited)

Dollars

Rate

Dollars

Rate

Dollars

Rate

Dollars

Rate

Reported, GAAP measure

$  11,286

21.7 %

$   3,695

7.1 %

$   9,950

20.3 %

$   2,789

5.7 %

Adjustments

Interchange fee settlements (a)

—

—

—

—

$       593

1.2 %

$    (593)

(1.2) %

Adjusted, Non-GAAP measure

$  11,286

21.7 %

$   3,695

7.1 %

$  10,543

21.5 %

$   2,196

4.5 %

Note: Amounts may not foot due to rounding.

(a)

Includes gains, net of legal fees, related to settlements during the first quarter of 2025 of credit card interchange fee litigation matters in which the Company was a plaintiff. The adjustment removes the favorable impact of the settlement gains from prior-year EPS, SG&A expenses and Operating income.

(b)

Note (a) to the Operating Metrics tables provides information about the impact of tariff refunds on Operating income and Operating income margin rate.

We have also disclosed after-tax ROIC, which is a ratio based on GAAP information, with the exception of the add-back of operating lease interest to operating income. We believe this metric is useful in assessing the effectiveness of our capital allocation over time. Other companies may calculate ROIC differently, limiting the usefulness of the measure for comparisons with other companies.

After-Tax Return on Invested Capital

(dollars in millions) (unaudited)

Trailing Twelve Months

Numerator

August 1, 2026

August 2, 2025

Operating income

$     6,024

$        5,425

 + Net other income

64

99

EBIT

6,088

5,524

 + Operating lease interest (a)

172

166

  - Income taxes (b)

1,402

1,305

Net operating profit after taxes

$     4,858

$        4,385

Denominator

August 1, 2026

August 2, 2025

August 3, 2024

Current portion of long-term debt and other borrowings

$     1,136

$       1,136

$      1,640

 + Noncurrent portion of long-term debt

14,221

15,320

13,654

 + Shareholders' investment

17,843

15,420

14,429

 + Operating lease liabilities (c)

3,733

3,883

3,786

  - Cash and cash equivalents

5,411

4,341

3,497

Invested capital

$    31,522

$      31,418

$    30,012

Average invested capital (d)

$    31,470

$      30,715

After-tax return on invested capital (e)

15.4 %

14.3 %

(a)

Represents the add-back to operating income driven by the hypothetical interest expense we would incur if the property under our operating leases was owned or accounted for under finance leases. Calculated using the discount rate for each lease and recorded as a component of rent expense within Operating Income. Operating lease interest is added back to Operating Income in the ROIC calculation to control for differences in capital structure between us and our competitors.

(b)

Calculated using the effective tax rates, which were 22.4 percent and 22.9 percent for the trailing twelve months ended August 1, 2026, and August 2, 2025, respectively. For the twelve months ended August 1, 2026, and August 2, 2025, includes tax effect of $1.4 billion and $1.3 billion, respectively, related to EBIT, and $39 million and $38 million, respectively, related to operating lease interest.

(c)

Total short-term and long-term operating lease liabilities included within Accrued and Other Current Liabilities and Noncurrent Operating Lease Liabilities, respectively.

(d)

Average based on the invested capital at the end of the current period and the invested capital at the end of the comparable prior period.

(e)

For the trailing twelve months ended August 1, 2026, includes the impact of tariff refunds, which increased after-tax ROIC by 2.4 percentage points, and business transformation costs incurred in the trailing twelve-month period, which decreased after-tax ROIC by 0.6 percentage points. For the trailing twelve months ended August 2, 2025, includes the impact of after-tax net gains on interchange fee settlements, which increased after-tax ROIC by 1.4 percentage points.

2026 GAAP EPS, SG&A expenses, SG&A expense rate, operating income, and operating (income) margin rate may include the impact of certain discrete items, which may be excluded in calculating Adjusted EPS, Adjusted SG&A expenses, Adjusted SG&A expense rate, Adjusted operating income, and Adjusted operating income margin rate. The guidance does not currently reflect any such discrete items, which are subject to variability and therefore cannot be reconciled without unreasonable efforts. In the past, these items have included both gains and losses, including certain asset impairments, severance, and other items that are discretely managed.

Reconciliation of Non-GAAP

Adjusted EPS Guidance

(per share) (unaudited)

Full Year 2026

GAAP diluted earnings per share guidance

$9.90 - $10.90

Estimated adjustments

Other

Adjusted diluted earnings per share guidance

$9.90 - $10.90

Note:  The guidance includes second quarter tariff refund benefits of approximately $1.65, but excludes any potential future refunds.

SOURCE Target Corporation

Target Corporation (NYSE:TGT) will release its second quarter earnings report before the opening bell on Wednesday, Aug. 19.

Analysts expect the Minneapolis, Minnesota-based company to report quarterly earnings of $2.33 per share, up from $2.05 per share in the year-ago period. The consensus estimate for Target’s quarterly revenue is $26.13 billion. It reported $25.21 billion last year, according to Benzinga Pro.

On July 22, Target named former 7-Eleven CEO to its board of directors.

Shares of Target rose 1% to close at $152.48 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating and raised the price target from $150 to $170 on Aug. 14, 2026. This analyst has an accuracy rate of 64%. Truist Securities analyst Scot Ciccarelli maintained a Hold rating and raised the price target from $130 to $147 on Aug. 14, 2026. This analyst has an accuracy rate of 70%. Piper Sandler analyst Peter Keith maintained a Neutral rating and increased the price target from $127 to $146 on Aug. 14, 2026. This analyst has an accuracy rate of 67%. Jefferies analyst Corey Tarlowe maintained a Buy rating and increased the price target from $161 to $177 on Aug. 14, 2026. This analyst has an accuracy rate of 60%. RBC Capital analyst Steven Shemesh maintained an Outperform rating and raised the price target from $153 to $166 on Aug. 12, 2026. This analyst has an accuracy rate of 60%. Latest Private Market Opportunities

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Considering buying TGT stock? Here’s what analysts think:

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Retail giant Target Corporation (NYSE:TGT) looks to continue strong stock momentum with second-quarter financial results coming Wednesday before market open.

Here are the earnings estimates, what analysts are saying ahead of the report and key items to watch.

• Target stock is gaining positive traction. What’s pushing TGT stock higher?

Target Q2 Earnings EstimatesAnalysts expect Target to report second-quarter revenue of $26.13 billion, up from $25.21 billion in last year’s second quarter, according to data from Benzinga Pro.

The company has beaten analyst estimates for revenue in five of the last quarters, including the most recently reported first quarter.

Analysts expect Target to report second-quarter earnings per share of $2.32, up from $2.05 in last year’s second quarter.

The company has beaten analyst estimates for earnings per share in four straight quarters and in seven of the last 10 quarters overall.

Read Next

Target Analyst Ratings and CommentaryTarget’s turnaround has attracted positive commentary from analysts and higher price targets as the stock soars in 2026.

Even some of the analysts with bearish ratings have raised price targets to close to where shares trade now or slightly below, suggesting there may not be more upside, but also that downside is limited even after the surge in the share price.

Here are some of the most recent Target analyst ratings and price targets:

DA Davidson: Maintained Buy rating, raised the price target from $155 to $170Telsey: Maintained Outperform rating, raised the price target from $150 to $170Truist Securities: Maintained Hold rating, raised the price target from $130 to $147Piper Sandler: Maintained Neutral rating, raised the price target from $127 to $146Jefferies: Maintained Buy rating, raised the price target from $161 to $177RBC Capital: Maintained Outperform rating, raised the price target from $153 to $166Key Items to WatchTarget stock has been on fire in 2026 and a strong earnings report and guidance are likely needed to keep momentum going.

The retailer posted a double beat in the first quarter, which comes as recent quarterly results have struggled to beat analyst estimates for revenue.

First-quarter comparable sales were up 5.6% year-over-year with comparable traffic up 4.4% year-over-year. Target said it saw net sales increase across all six core merchandising categories.

Target could be in for more gains in the second quarter based on traffic trends. A Placer.ai report says visits to Target stores were up 4.7% year-over-year in the second quarter. That comes in higher than a gain of 0.7% for rival Walmart (NASDAQ:WMT).

Here are the year-over-year visit performance by month in the report for the two retailers:

April: Target +5.3%, Walmart +1.2% May: Target +4.6%, Walmart +0.7% June: Target +4.4%, Walmart +0.2% July: Target +7.3%, Walmart +2.4% The data shows that Target could have higher visitor growth than Walmart and based on normal spending habits, this could mean gaining market share. While July won’t factor into second-quarter results, this is the top month for Target on a year-over-year visits basis according to Placer.ai, which could factor into guidance.

Target raised its 2026 sales outlook after first-quarter results. Analysts and investors could be expecting another raise to guidance with a strong report. The July visits data could suggest that sales are trending higher in the third quarter.

Target Stock Price ActionTarget stock is up 1% to $152.51 on Tuesday versus a 52-week trading range of $83.44 to $156.47. Target stock is up 52.8% year-to-date, recently hitting two-year highs.

Read Next

Image by Ken Wolter via Shutterstock

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Jefferies equity analyst Corey Tarlowe told CNBC on Monday, August 17, that Target (NYSE:TGT | TGT Price Prediction) still offers more upside than Walmart (NASDAQ:WMT), even after Target’s 47% run in the past year. Both companies report earnings this week, with Target reporting before the market opens on August 19, while Walmart reports before the market opens on August 20.

Walmart carries a $917 billion market cap versus Target’s $70 billion, and Walmart trades at 38x forward P/E while Target trades at 17x. Lead equity analyst Corey Tarlowe’s bull case for Target today rests on three key pillars:

A reasonable valuation multiple despite the rally
A new management team executing on merchandising
Margins sitting at a cyclical low

The Bull Case for Target
Tarlowe walked through the differences in what Walmart and Target sell: “Walmart is two-thirds food. Target’s about 50% what they call need-based, but only 25% is actually food and beverage,” he said. Target’s skew towards discretionary products has hurt Target in previous cycles, but now it could serve as a source of operating leverage on increased sales.

On product, Tarlowe pointed to Target’s refresh under CEO Michael Fiddelke: “50% of their assortment is going to be new this year. For back to school, they’ve added 1,500 new beauty items. They’ve added 3,000 new food and beverage items. This type of newness is actually translating into traffic.“

Jefferies’ preview flagged Target traffic up almost 4%, which lines up with Target’s own reported Q1 FY26 comp of +5.6% with traffic +4.4% disclosed in its Q1 earnings report, which also showed revenue of $25.44 billion, adjusted EPS of $1.71, and digital comp sales up 8.9%.

Target’s Margins Are at “Trough” Levels and Have Room to Improve
Tarlowe was blunt about the limits of Target’s competitive positioning: “They’re not going to beat Walmart on price. Nobody beats Walmart on price. But you have to be different, and you have to be unique, and you have to be new. And for Target, that’s working.”

The business could see substantial operating leverage from recent investments: “This year specifically, they’ve actually called out up to $2 billion of incremental investment… they’re in a penny-profit business. Their margins are razor thin today. They’re about 4%, which is on trough. And you’re putting a 20-times multiple on trough margins. We like to buy stocks when companies are at trough margins. Historically they’ve averaged close to 6%,“ Tarlowe said.

Walmart’s Bull Case
Tarlowe sees upside in Walmart too. “Despite Target’s substantial run, we actually think that there’s more opportunity. We think there’s more opportunity at both. But I’m highlighting Target specifically in light of the cheaper valuation and the ability for change, because you have new management and you have new product, you have new processes that they’re implementing,” he said.

Walmart’s flywheel continues to deliver. In Q1 FY27, the company posted revenue of $175.68 billion with U.S. comp sales up 4.1% ex-fuel, and it reiterated its FY27 outlook for adjusted EPS of $2.75 to $2.85.

What to Watch This Week
Tarlowe framed the consumer backdrop driving the traffic. “Traffic is up at a lot of the value-oriented retailers like Walmart, like Target. We published our preview last week, and we highlighted traffic growth at Target up almost 4%,” he said, noting fuel prices back above $4 per gallon nationally as a real pressure point on discretionary spend.

Walmart remains the dominant retailer, with unmatched pricing power and a growing advertising and marketplace business supporting its premium valuation. Target, however, offers the more dramatic turnaround opportunity. A refreshed assortment is already improving traffic, new management is changing how the company operates, and margins have room to recover from roughly 4% toward their historical 6% level.

This week’s earnings should reveal whether that recovery is strong enough to justify another leg higher after Target’s 47% rally in the past year.

Contact [email protected] for any questions or corrections.

Toronto, Ontario--(Newsfile Corp. - August 18, 2026) - Kirkland Lake Discoveries Corp. (TSXV: KLDC) (OTCQB: KLKLF) ("KLDC" or the "Company") announces receipt of the complete gold and multi-element analytical dataset from the KL West diamond drilling campaign completed on April 1, 2026. The program comprised 65 drill holes totalling 19,161.9 m and 9,616 original drill-core samples.

Integration of the analytical data with geological logging, alteration, mineralization, structural interpretation and regional geophysics has identified multiple fertile hydrothermal systems and established a district-scale framework for vectoring toward higher-priority discovery opportunities.

Highlights

Completed 65-hole, 19,161.9-metre district-scale drill campaign across 10 target areas

Identified three distinct mineralizing systems across KL West, with multiple independent discovery opportunities

Gold mineralization confirmed across multiple target areas, including:

5.57 g/t Au over 1.13 m (Winnie Lake)

1.41 g/t Au over 3.40 m (Wolverine Bend)

1.87 g/t Au over 0.80 m (Wolverine Bend)

38 holes intersected signatures associated with intrusion-related gold systems

27 holes intersected polymetallic signatures associated with VMS-style systems

Multiple priority drill corridors now identified for follow-up exploration

The importance of this program extends well beyond any single drill intersection," said Stefan Sklepowicz, Chief Executive Officer of KLDC. "Our regional targets repeatedly intersected the same fertile hydrothermal signatures along kilometre-scale corridors, giving us a much clearer understanding of the mineralizing system across the property. We can now see where the system is distal, where it becomes more focused and where gold, copper and critical-metal associations coincide. This property-wide understanding provides a more predictive framework for ranking our next generation of drill targets and reinforces the potential for multiple discoveries across KL West."

Exploration Model Update

KLDC is actively incorporating the final analytical results into QGIS and Leapfrog workflows. The next phase of work will focus on:

Refining three-dimensional targeting models and regional prospectivity maps

Prioritizing of the highest-confidence drill targets using the integrated vectoring framework

Drilling at Winnie Lake and expansion drilling along the Wolverine Bend alteration corridor

Testing potential feeder and intrusive-centre targets at Cross Roads and Nine Mile

Following the polymetallic signatures at Sharp Target and Hammerhead toward potential feeder zones

What 19,000 Metres of Drilling Achieved

The completed program has converted a collection of largely independent targets into a property-scale exploration framework. KL West can now be evaluated as a district-scale project with multiple independently testable discovery opportunities.

Table 1 - From Scattered Targets to a District-Scale Story

Exploration questionBefore the programTodayDistrict controlsLimited understanding of property-scale controlsThree recurring mineral-system signatures recognizedTarget contextTargets evaluated largely in isolationTen target areas assessed within one regional frameworkMineralized footprintIndividual occurrences and anomaliesMultiple hydrothermal and mineralized corridors identifiedPredictive modelNo property-wide vectoring modelIntegrated property-scale vectoring framework establishedFollow-up focusBroad regional target testingSeveral priority targets advanced toward focused follow-up drillingMineralization Systems at KL West

Integrated interpretation indicates that KL West hosts at least three distinct mineralizing environments.

1. Polymetallic VMS-Style Systems (Winnie Lake, Sharp Target, Hammerhead)

Footprint: 5.2 km east-west by 6.6 km north-south.

Pathfinders: Cu-Zn-Ag-Pb-Ba-S.

Highlight Maximum Values: 5.878% Cu and 93.6 g/t Ag (KLD25-35); 9,350 ppm Pb (KLD25-46); 8,580 ppm Ba (KLD26-54); database maxima of 10,000 ppm Zn and 10% S.

2. Intrusion-Related Gold Systems (Winnie Lake, Wolverine Bend, Nine Mile, Cross Roads)

Footprint: 3.1 km east-west by 7.0 km north-south.

Pathfinders: Au-Bi-Te-Mo-W.

Highlight Maximum Values: 5.57 g/t Au (KLD26-52); 6,880 ppm Bi (KLD26-48); 26.9 ppm Te (KLD26-68); 6,600 ppm Mo and 1,800 ppm W (KLD26-61).

Note: Ongoing geological modelling is evaluating the structural architecture, intrusive contacts and the potential relationship between identified syenite intervals and mineralization within these target areas.

3. Structurally Controlled Gold Systems (Leahy-Queenston, Cougar, Wolf, Moosehead)

Footprint: Broad structural corridors over an east-west extent of 6.2 km.

Pathfinders: Au-As-Sb-Bi-Te.

Highlight Maximum Values: 0.221 g/t Au and 77.8 ppm As (KLD26-86); 3.79 ppm Sb (KLD26-80); 278 ppm Bi (KLD26-91); 3.47 ppm Te (KLD26-86).

Figure 1 - Conceptual illustration of how multi-element assemblages and alteration are used to distinguish distal, transitional and proximal portions of the KL West hydrothermal systems.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5701/310167_fa9212aef47afb38_001full.jpg

Gold Mineralization Across Multiple Target Areas

Gold mineralization is distributed across both the initial 2025 discovery holes and the broader 2026 regional campaign. The final database includes newly calculated intervals at Winnie Lake, Wolverine Bend and Hammerhead that complement previously released intersections.

Table 2 - Selected gold composite intervals from the KL West database

Drill HoleTargetFrom (m)To
(m)Interval (m)Au (g/t)KLD25-28Winnie Lake20.0028.208.200.312KLD25-31Winnie Lake262.00265.753.750.435KLD25-32Winnie Lake261.00266.005.001.475KLD25-34Winnie Lake34.7436.151.410.612KLD25-35Winnie Lake14.6219.645.020.479KLD25-36Winnie Lake14.2018.904.700.621KLD25-39Wolverine Bend43.0649.346.280.617KLD25-40Wolverine Bend24.9533.208.250.863Including
26.0031.505.501.213KLD26-48Winnie Lake259.67262.903.231.580Including
259.67262.422.751.770KLD26-52Winnie Lake261.00262.131.135.570KLD26-55Winnie Lake60.8063.632.830.389KLD26-62Wolverine Bend201.20202.000.801.865KLD26-62Wolverine Bend217.00226.009.000.217KLD26-68Wolverine Bend271.15271.940.791.885KLD26-72Hammerhead195.45200.495.040.251KLD26-73Wolverine Bend222.88227.004.120.596KLD26-77Wolverine Bend16.5017.220.722.090KLD26-79Wolverine Bend242.40245.803.401.410KLD26-81Wolverine Bend81.0082.001.001.190New composites use a 0.20 g/t Au cut-off, up to 3.0 m of consecutive internal dilution, length-weighted averages and no top cut. Previously released intervals are reproduced as originally reported and may reflect their original reporting parameters. Intervals are core lengths; true widths are not known for all regional targets.

Priority Growth Targets

Review of the complete dataset has identified several areas for increased technical focus.

1. Winnie Lake - Most Advanced Target Area

Highest gold grade in the current KL West composite table: 5.57 g/t Au over 1.13 m in KLD26-52

Coincident intrusion-related gold and polymetallic VMS-style signatures

The campaign's largest drill database: 21 holes totalling 5,732.9 m

Evidence for more than one mineralizing event within the same broader corridor

Winnie Lake remains the most advanced target area at KL West and continues to demonstrate the scale, geological complexity and overlapping signatures expected in an evolving hydrothermal system.

2. Wolverine Bend - Emerging Gold Corridor

Large potassic-hematite alteration footprint

Multiple gold-bearing composite intervals within the current database

Recurring intrusion-related Au-Bi-Te-Mo-W signature

Target remains interpreted as open along strike and at depth

Wolverine Bend is a significant follow-up target generated by the regional campaign and provides a clear opportunity to test the continuity and geometry of the broader gold-related alteration corridor.

3. Cross Roads and Nine Mile - Potential Intrusive Source Area

Strong Mo-W response at Cross Roads, including database maxima of 6,600 ppm Mo and 1,800 ppm W in KLD26-61

Au-Bi-Te-Mo-W enrichment through the broader Cross Roads-Nine Mile corridor

Geochemistry and alteration consistent with high-temperature hydrothermal activity

Future drilling can test whether this area represents an intrusive source or fluid-focus centre related to mineralized corridors elsewhere at KL West.

Data Verification and Quality Assurance/Quality Control

The drill-hole database contains 9,616 original drill-core samples with final gold and multi-element analytical results. True widths are estimated at approximately 65% to 80% of reported core-length intervals where sufficient geological information is available. Assays are reported uncut except where otherwise indicated.

All NQ drill-core samples were submitted to ALS Laboratories in Ontario, Québec and British Columbia. Gold analyses used industry-standard 50 g fire-assay methods with an atomic-absorption finish, including Au-AA24. Selected samples were re-analyzed gravimetrically where warranted. Multi-element geochemistry used four-acid digestion followed by ICP-AES and ICP-MS determination, including ME-MS61; ore-grade overlimits used methods including Cu-OG62 and Zn-OG62.

Selected intervals were screened by portable X-ray fluorescence for rapid multi-element interpretation. These results are semi-quantitative and are not used to report compliant laboratory assays. Drill core was cut by diamond saw; half was retained for reference and half submitted for analysis.

Program design, QA/QC and interpretation were conducted by qualified persons using procedures consistent with National Instrument 43-101 and industry best practices. Certified reference materials and blanks were inserted at approximately one control sample per 20 samples. ALS also maintains an internal program of reference materials, blanks and duplicate analyses. KLDC reviews analytical certificates and control-sample performance before accepting results into the final ranked database.

Qualified Person

The technical information in this news release has been reviewed and approved by Benjamin Cleland, P.Geo., Vice-President Exploration, a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

About Kirkland Lake Discoveries Corp.

Kirkland Lake Discoveries Corp. (TSXV: KLDC) (OTCQB: KLKLF) has assembled a 420-km² exploration portfolio in the Kirkland Lake region of Ontario's Abitibi Greenstone Belt, one of the world's most prolific mining districts. The Company's properties span key fault zones, geophysical anomalies and volcanic-sedimentary contacts within the Blake River Group, a highly prospective assemblage known to host gold and polymetallic massive-sulphide deposits.

With exploration permits in place, KLDC is positioned to advance a pipeline of drill-ready targets at KL South, KL West and KL East, supported by anomalous soil trends, historical mineral showings, geological interpretation and geophysical datasets.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of applicable securities legislation. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding the interpretation of geochemical signatures, the potential scale and continuity of hydrothermal systems, the effectiveness of the Company's vectoring and prospectivity methods, the prioritization and testing of future drill targets, the potential for additional discoveries and future exploration plans at KL West. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially, including exploration and drilling results; the reliability and interpretation of geological, geochemical and geophysical data; assay variability; the ability to obtain permits and financing; commodity prices; and general economic, market and business conditions. Geochemical anomalies, pathfinder-element associations and interpreted mineral-system signatures are exploration vectors and are not independently evidence of economically significant mineralization. There can be no assurance that forward-looking statements will prove accurate. Readers should not place undue reliance on them. The Company does not undertake to update forward-looking statements except as required by applicable securities laws.

Appendix A - KL West Drill Collars
Coordinates are NAD83 / UTM Zone 17N.

Drill HoleEastingNorthingAzimuth (°)Inclination (°)Final Length (m) Target AreaKLD25-285643035337104202-45132.0 Winnie LakeKLD25-295642805337145225-45114.0 Winnie LakeKLD25-30564280533714545-45234.0 Winnie LakeKLD25-315642275336992172-45330.0 Winnie LakeKLD25-325657515338630300-45381.0 Winnie LakeKLD25-33565751533863045-45120.0 Winnie LakeKLD25-345643125337104190-45102.0 Winnie LakeKLD25-355643125337104205-45102.0 Winnie LakeKLD25-365643125337104179-45108.0 Winnie LakeKLD25-37564312533710410-75102.0 Winnie LakeKLD25-38565507533872590-45258.0 Wolverine BendKLD25-39565576533862725-57255.0 Wolverine BendKLD25-40565527533849825-50455.0 Wolverine BendKLD25-415656325338230300-45252.0 Wolverine BendKLD25-425640895336893315-45411.0 Winnie LakeKLD25-435640905336980225-45477.0 Winnie LakeKLD25-445651345336154180-45402.0 Sharp TargetKLD25-455653235336098180-45126.0 Sharp TargetKLD25-465651045336159180-45249.0 Sharp TargetKLD26-475642245337157225-45402.0 Winnie LakeKLD26-485642245337157225-65459.0 Winnie LakeKLD26-495634005342730340-45339.0 Nine MileKLD26-50564224533715745-45390.0 Winnie LakeKLD26-515635975342708330-45357.0 Nine MileKLD26-52564236533705855-45376.5 Winnie LakeKLD26-535636005343578150-45402.0 Nine MileKLD26-545644555337427200-45451.4 Winnie LakeKLD26-555646795337320200-45381.0 Winnie LakeKLD26-56565835534354260-45351.0 Cross RoadsKLD26-575642805337145150-45249.0 Winnie LakeKLD26-58566030534368560-45363.0 Cross RoadsKLD26-595643375337123152-45210.0 Winnie LakeKLD26-605643805337128152-45201.0 Winnie LakeKLD26-61566469534389450-45396.0 Cross RoadsKLD26-62565510533846025-50348.0 Wolverine BendKLD26-63565485533849850-50321.0 Wolverine BendKLD26-64567046534250395-45393.0 HammerheadKLD26-65565486533850310-50315.0 Wolverine BendKLD26-66565477533839425-45294.0 Wolverine BendKLD26-67567119534231795-45384.0 HammerheadKLD26-68565450533842525-50300.0 Wolverine BendKLD26-695656385338609180-45333.0 Wolverine BendKLD26-70566953534267495-45381.0 HammerheadKLD26-715657515338630170-45162.0 Wolverine BendKLD26-725675155342587255-50411.0 HammerheadKLD26-735658335338663170-45300.0 Wolverine BendKLD26-745659345338682180-4563.0 Wolverine BendKLD26-755658335338663330-45303.0 Wolverine BendKLD26-76562427533719350-45297.0 MooseheadKLD26-775658335338663295-45270.0 Wolverine BendKLD26-78562637533719250-45216.0 MooseheadKLD26-79565833533866345-45288.0 Wolverine BendKLD26-80562470533737250-45240.0 MooseheadKLD26-81565400533849725-45300.0 Wolverine BendKLD26-82562335533785550-45246.0 Sharp TargetKLD26-83565356533858825-45300.0 Wolverine BendKLD26-84562335533785525-45225.0 Sharp TargetKLD26-85565260533855325-45300.0 Wolverine BendKLD26-86561076533991690-45267.0 Leahy-QueenstonKLD26-875670755339450165-45336.0 CougerKLD26-88567275533816375-4536.0 CougerKLD26-895669975338423150-45369.0 CougerKLD26-90567020533935590-45254.0 CougerKLD26-915663645340770305-45474.0 WolfKLD26-925664625340934305-45498.0 Leahy-Queenston

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/310167

Source: Kirkland Lake Discoveries Corp.

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Key Takeaways
Target is set to report earnings Wednesday morning, with traders expecting the stock could swing up to 7% by the end of the week.Sales and profits are projected to have grown in the second quarter, as new CEO Michael Fiddelke works to turn around the business.

Target is due to report earnings Wednesday morning, with the retailer’s stock seen potentially extending its recent rally following the results.1

Current options pricing suggests traders expect Target (TGT) shares could swing up to 7% in either direction by the end of the week. A move of that size from Monday’s close could see the stock rise as high as $161, or slip back to $141, giving up some of this year’s gains.

Target shares have surged over 50% since the year began, as investors bought into Target’s turnaround plan under new CEO Michael Fiddelke, who took over the top job at the retailer in February.

Why This Matters to Investors
Wednesday’s results will provide investors with the latest update on Target’s turnaround effort.

Ahead of the results, UBS analysts lifted their price target for the stock to $166 from $144, writing they expect Target’s second-quarter results to “provide the next important proof point that the recovery is becoming more durable.”2 Oppenheimer analysts also recently lifted their target to $170 from $140, telling clients they’ve been “encouraged by the consistent and better in-store execution across geographies and a clear step-up in newness throughout the store.”3

Target is expected to report second-quarter revenue of $26.15 billion, up about 4% year-over-year, along with earnings of $2.31 per share, up from $2.05 the same time a year ago. Comparable store sales growth is seen coming in around 2.6%, which would mark a second straight quarter of gains after the metric fell in all four quarters of 2025.

Still, analysts have hesitated to recommend buying the stock. Of the 10 analysts tracked by Visible Alpha, just three have “buy” ratings, compared to six neutral ratings, and one “sell” recommendation. The stock has already overtaken their mean target of $145 with its recent gains.

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It's been a surprisingly good year so far for Target (TGT -0.66%) shareholders. After several years of disappointing sales resulting in a broadly declining stock performance, shares of this retailer are up 58% year to date.

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Simply put, investors are finally seeing a glimmer of hope for a turnaround. Total revenue rose 6.7% year over year in its first fiscal quarter, which ended in early May. That was driven in part by a 4.4% increase in foot traffic, resulting in same-store sales growth of 5.6%.

Although analysts don't expect Target's fiscal second-quarter numbers to grow quite as much as they did in Q1, the company's still quite optimistic: When it reported in May, it doubled its previous full-year sales growth guidance from around 2% to around 4%. Management's also looking for earnings per share of between $7.50 and $8.50 for fiscal 2026 (which will end in late January). The analysts' consensus expectation is for earnings per share of $8.43.

The stock's recent buyers are essentially betting this big-box retailer will remain on track to at least meet those expectations, although some investors are also likely counting on better-than-expected numbers.

Image source: Getty Images.

This, of course, makes Aug. 19 a critical day for anyone betting on a continued turnaround. Although the company hasn't yet officially confirmed the date (it typically doesn't do so until the day before), most analysts expect Target to post its second-quarter results on that day. And those numbers will either affirm or call into question whether the retailer is truly on track to meet its full-year guidance.

On that score, the analyst community expects to hear that Target turned $26.08 billion in revenue into a per-share profit of $2.30 for the three-month stretch that ended early this month.

Just don't lose perspective: While every quarter is important for a company like Target that has so much to prove, one single quarter won't necessarily prove enough of anything for investors to make a true long-term call on this ticker.

James Brumley has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Target. The Motley Fool has a disclosure policy.

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CoreWeave (NASDAQ: CRWV) is one of the fastest-growing infrastructure businesses in the public market. Revenue has more than doubled year-over-year for four straight quarters, the backlog sits at roughly $104 billion, and management added more than $25 billion in fresh commitments in early Q3.

Yet the stock trades 35.38% below where it was a year ago. Our 24/7 Wall St. price target for CoreWeave is $159.96, implying meaningful upside.

24/7 Wall St. Price Target Summary Metric Value Current Price $90.32 24/7 Wall St. Price Target $159.96 Upside 77.1% Recommendation BUY Confidence Level 50% (moderate) Confidence sits at moderate because the growth story is exceptional, but capital intensity, leverage, and valuation multiples argue for caution. CoreWeave is a high-conviction long with real tail risk.

A Rough Year, a Turning Quarter Shares are up 26.13% year-to-date but down 1.72% over the past week and about 10% below the 52-week high of $153.20.

Q2 2026 revenue landed at $2.575 billion, up 112.32% year-over-year, edging the $2.556 billion consensus. GAAP EPS of -$1.14 beat the -$1.447 estimate by 21.22%. Adjusted EBITDA doubled to $1.51 billion at a 59% margin, and operating cash flow swung to positive $679 million.

CEO Michael Intrator called this a turning point as scale translated into operating leverage. Nasdaq-100 inclusion adds a passive-bid tailwind.

Why Bulls See a Breakout Ahead The bull case starts with backlog. Contracted revenue of $104 billion, plus $25 billion in fresh Q3 commitments, gives multi-year visibility few peers match. Active power expanded to 1.5 GW, with 3.7 GW contracted and a path to more than 8 GW by 2030. CoreWeave was first to bring NVIDIA Vera Rubin NVL72 and set MLPerf inference records.

New logos including Caterpillar, Grammarly, Isomorphic Labs, and Bentley Systems broaden the customer base beyond hyperscalers. Our bull-case scenario points to $165.98, and analyst consensus of $138.37 validates significant upside.

The Risks Worth Watching Free cash flow was -$5.743 billion in Q2 on $6.422 billion of capex. Interest expense hit $640 million, more than double the $267 million of a year ago, and debt-to-equity sits at 8.94. A securities fraud class action alleging concealed data center construction delays remains an overhang.

Bulls counter that negative FCF reflects capex tied to signed contracts, not speculative spend, and that adjusted EBITDA margin of 59% shows unit economics work. Our bear scenario at $128.32 reflects the risk that capital markets tighten before the model self-funds.

How CoreWeave Compares to Nebius and Oracle The clearest pure-play peer is Nebius Group (NASDAQ: NBIS | NBIS Price Prediction). Nebius grew Q2 revenue 279.6% to $399 million with an AI cloud segment up 841%, but its $33.6 billion remaining performance obligations are a fraction of CoreWeave’s. Nebius carries a market cap of roughly $42.6 billion on far less revenue, framing CoreWeave’s $40.4 billion market cap as reasonable given its scale advantage.

Oracle (NYSE: ORCL) provides hyperscaler context. Oracle’s IaaS grew 93% to $5.79 billion, and RPO ballooned 363% to $638 billion. Oracle proves a giant AI backlog can support a premium multiple despite negative free cash flow. Together, the peers validate our 24/7 Wall St. price target as reasonable rather than aggressive.

CoreWeave Price Prediction 2026-2030 Our 24/7 Wall St. price target of $159.96 supports a buy with moderate confidence. The setup favors investors who can stomach the leverage and volatility, because the backlog gives multi-year visibility few growth stocks offer.

Caution is warranted if a broader AI capex pause looks likely or credit spreads widen, since CoreWeave’s model depends on continued capital access. The scale advantage tips the scale.

Here is where our model projects CoreWeave could trade, assuming current growth trajectories and market conditions hold.

Year 24/7 Wall St. Price Target 2026 $159.96 2030 $428.20 These projections assume CoreWeave executes on its 8 GW power roadmap and translates backlog into recognized revenue. Meaningful upside or downside could result from AI capex cycles, capital market conditions, or shifts in the NVIDIA supply relationship.

Contact [email protected] for any questions or corrections.

HONG KONG, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Masonglory Limited (the “Company”) (Nasdaq: MSGY), a subcontractor providing wet trades services and other ancillary services in Hong Kong, today announced that on August 12, 2026, the Company entered into a share swap agreement (the “Share Swap Agreement”) with the holder of a 49% equity interest in Beta Beteiligungs und Besitz GmbH, a private limited liability company organized under the laws of the Republic of Austria (the “Target”), and the beneficial owner of such holder, pursuant to which such holder agreed to transfer 20% of the equity interests in the Target to a wholly-owned subsidiary of the Company, and, as consideration therefor, the Company agreed to allot and issue to such beneficial owner an aggregate of 1,377,000 Class A ordinary shares of the Company, par value US$0.0008 each (the “Consideration Shares”). The number of Consideration Shares was determined by reference to a valuation of 100% of the equity interests in the Target of US$23,400,000 performed by an independent third-party valuation firm, and a price per Class A ordinary share of US$3.40, which was determined by reference to the closing bid price of the Class A ordinary shares of the Company of US$3.43 on August 11, 2026. The Target is engaged in the trading and distribution of construction materials, principally bathtubs, hot tubs and swim spas, in Continental Europe, which is complementary to the Company's existing wet trades and construction materials services business, and the transaction represents a horizontal, synergistic expansion of the Company's geographic footprint and construction materials product portfolio into Continental Europe.

Key Takeaways Boot Barn opened 27 stores in Q1, bringing its footprint to 566 locations across 49 states.BOOT plans to add 70 stores in fiscal 2027, targeting 12%-15% store growth.Every location generates positive 4-wall EBITDA, supporting continued store expansion. Boot Barn Holdings, Inc. (BOOT - Free Report) continues to expand its store footprint, with new store openings continuing to exceed expectations, supporting its ongoing store expansion efforts. The company opened 27 new stores in the first quarter of fiscal 2027, bringing its footprint to 566 locations across 49 states. Management said that the pace of new-store openings has continued to outperform expectations, reinforcing the company’s plans to expand its retail presence.

The company expects a typical new store to generate about $3.2 million in annual revenue, with the investment expected to be recovered in less than two years. BOOT also remains on track to add 70 stores during fiscal 2027, with its existing pipeline supporting the planned expansion. The combination of new-store productivity and relatively short payback periods provides support for continued investment in the store base.

Store-level profitability also remains intact, with every location generating positive 4-wall EBITDA. Although the addition of new stores can place some pressure on occupancy rates, management noted that these locations are still contributing earnings to the bottom line. This indicates that the recently added stores are generating positive earnings while the company continues to expand its footprint.

Over the past 12 months, Boot Barn has added 93 stores, resulting in a 20% increase in its store count. Despite the strong pace of expansion, management continues to prioritize the quality of individual locations rather than opening stores that do not meet its standards. The company is targeting 12% to 15% store growth and remains encouraged by the pipeline for the remainder of the year. Overall, Boot Barn remains well positioned to expand its brand nationwide, with a long-term opportunity to build a network of 1,200 stores across the United States.

Zacks Rundown for BOOTBoot Barn’s shares have gained 14.1% in the past three months compared with the industry’s growth of 16.2%. BOOT presently carries a Zacks Rank #2 (Buy).

Image Source: Zacks Investment Research

From a valuation standpoint, Boot Barn trades at a forward price-to-earnings ratio of 17.51, higher than the industry’s average of 15.28.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for BOOT’s current and next fiscal-year earnings implies year-over-year rallies of 22.6% and 10.5%, respectively.

Image Source: Zacks Investment Research

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