New offering aims to reach more households at an accessible price point while maintaining Vital Farms’ commitments to animal welfare, quality and transparency.
AUSTIN, Texas--(BUSINESS WIRE)--Vital Farms (Nasdaq: VITL) announced today the pilot launch of Vital Farms Free-Range eggs, which are expected to arrive in select Target retail stores across the South and Southeast beginning this week.
This limited test is designed to explore how Vital Farms can reach more households with a high-quality product at a more accessible suggested retail price point of less than $5 per carton, while maintaining its commitment to transparency and animal welfare.
Introducing A New Vital Farms Standard
“Free-range” is one of the most familiar terms in the egg aisle, but the standard itself doesn’t consistently tell consumers what they are actually buying. Compared with many other free-range products, the new Vital Farms Free-Range standard sets a higher bar for animal welfare in several meaningful areas: time outside, better land with living vegetation and shade, and barns designed to make it easier for hens to head outdoors. And like every carton of Vital Farms eggs, each carton can be traced back to the farm where the eggs were laid through the company’s “See The Farm” program.
This new Vital Farms standard for free-range reflects Vital Farms’ commitments to animal care, product quality, and transparency. Vital Farms loves hearing from consumers with questions. Visit vitalfarms.com/contact for details on how to call, text, direct message or write, or visit Vital Farms’ Frequently Asked Questions page to learn more.
Living Within Vital Farms’ Values and Testing Something New
“With Vital Farms Free-Range, we’re testing how we can bring more households a high-quality egg at a more accessible price point, while staying true to who we are and keeping hens’ quality of life front and center,” said Heather Mace, Vital Farms Vice President, Brand. “Our goal is to learn all we can, understand consumer appetite and grow the right way. Reaching more households gives us the opportunity to create more positive impact for our stakeholders while continuing to raise the standards in the egg aisle.”
Vital Farms Free-Range eggs are expected to be available beginning this week at select Target retail stores across the South and Southeast. For more information on where to find Vital Farms eggs, please visit: https://vitalfarms.com/where-to-buy/
ABOUT VITAL FARMS:
Vital Farms (Nasdaq: VITL) is a Certified B Corporation that offers a range of ethically produced foods nationwide. Started on a single farm in Austin, Texas, in 2007, Vital Farms is now a national consumer brand that works with 600 small farms and is the leading U.S. brand of pasture-raised eggs by retail dollar sales. Vital Farms’ ethics are exemplified by its focus on the humane treatment of farm animals and sustainable farming practices. In addition, as a Delaware public benefit corporation, Vital Farms prioritizes the long-term benefits of each of its stakeholders, including farmers and suppliers, customers and consumers, communities and the environment, and crew members and stockholders. Vital Farms’ products, including shell eggs, hard-boiled eggs, and liquid whole eggs, are sold in more than 24,000 stores nationwide. Vital Farms pasture-raised eggs can also be found on menus at hundreds of foodservice operators across the country. For more information, visit https://vitalfarms.com.
Target (TGT - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this retailer have returned +1.3%, compared to the Zacks S&P 500 composite's -1.2% change. During this period, the Zacks Retail - Discount Stores industry, which Target falls in, has gained 10.3%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Target is expected to post earnings of $2.08 per share for the current quarter, representing a year-over-year change of +16.9%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The consensus earnings estimate of $10.43 for the current fiscal year indicates a year-over-year change of +37.8%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $9.44 indicates a change of -9.5% from what Target is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Target is rated Zacks Rank #2 (Buy).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Target, the consensus sales estimate of $26.37 billion for the current quarter points to a year-over-year change of +4.3%. The $110.11 billion and $113.56 billion estimates for the current and next fiscal years indicate changes of +5.1% and +3.1%, respectively.
Last Reported Results and Surprise HistoryTarget reported revenues of $26.54 billion in the last reported quarter, representing a year-over-year change of +5.3%. EPS of $2.46 for the same period compares with $2.05 a year ago.
Compared to the Zacks Consensus Estimate of $26.13 billion, the reported revenues represent a surprise of +1.57%. The EPS surprise was +6.96%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates two times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Target is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Target. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.
OpenAI slashed its funding ask by a staggering amount just as public AI stocks cratered, and the timing raises serious questions about what private investors know that the market does not.
On Thursday, October 22, 2026, OpenAI reportedly cut the valuation it is asking from new investors to $1.25 trillion. Earlier in October, it had pitched $1.4 trillion to potential backers including BlackRock (NYSE:BLK | BLK Price Prediction) and UAE fund MGX. The $150 billion reduction followed resistance from some investors, and no reason for the lower figure was reported.
Both numbers are pre-money asking prices, meaning the company’s value before new cash arrives, and the talks have not closed. OpenAI declined to comment.
Microsoft (NASDAQ:MSFT) is OpenAI’s largest listed backer. Its shares fell $11.87, or 2.23%, to $521.08, for a market value of $3.87 trillion. On the same day, the Nasdaq Composite fell 2.60% to 26,008.86, its steepest drop since early June, amid fears about AI spending.
In after-hours trading, Microsoft then rose 0.18% to $522.00 as of 7:59 p.m. ET. That suggests the market sees a lower private price tag as a small matter for a company this size.
What OpenAI Has Signed Versus What It Is Still Asking
Nothing has been signed yet, although OpenAI is close to a funding round of up to $30 billion led by investors from the United Arab Emirates and Coatue. The round is presented as an “opportunistic” bridge ahead of a possible initial public offering (IPO).
On October 22, OpenAI told investors it aims to have signatures by the end of the following week, and the final size is still under discussion. It is also negotiating a separate deal to buy more computing capacity from the UAE.
Another report on the same day carried the headline “OpenAI Shifts Value to $1.25 Trillion as Funding Talks Finalize,” at which price OpenAI would be the most valuable private company ever. It would also sit well above the $852 billion post-money value from March. OpenAI raised $122 billion then from investors including Amazon (NASDAQ:AMZN), SoftBank and NVIDIA (NASDAQ:NVDA).
Microsoft’s Azure Contract Matters More Than Its Stake
When OpenAI restructured in October 2025, Microsoft valued its investment in OpenAI Group PBC at about $135 billion, “representing roughly 27 percent on an as-converted diluted basis.” The March round has likely diluted that share, and no updated percentage has been disclosed.
The contract matters more than the stake. OpenAI agreed to buy an extra $250 billion of Azure cloud services, and Microsoft’s rights to OpenAI’s models and products run through 2032.
Azure grew 43% in fiscal Q4 and passed $100 billion in annual revenue for the first time. Commercial remaining performance obligations, which is revenue already under contract but not yet booked, rose 84% to $678 billion.
Private Investors Are Starting to Push Back on AI Prices
Private investors pushed back on OpenAI’s price on the same day public AI stocks sold off, and OpenAI reportedly wants its commitments in place before rival Anthropic’s expected November IPO filings make the two companies easier to compare.
Anthropic is reportedly seeking as much as $2 trillion, although some investors have pushed for something closer to $1.5 trillion. Microsoft has exposure there as well. It booked a $3.2 billion gain on its Anthropic investment in fiscal Q4.
OpenAI confidentially filed IPO paperwork in June. In August, chief financial officer Sarah Friar told employees the company “will be a public company in 2027.”
Microsoft’s main risks are its reliance on one partner and the return from its AI spending. OpenAI investment losses reached $3.1 billion in fiscal Q1 2026. Fiscal 2026 capital spending of $115.95 billion pushed free cash flow down 6.46%.
What Microsoft’s OpenAI Exposure Means for Its Valuation
The OpenAI stake is about 3-4% of Microsoft’s value, while the Azure contract and the $678 billion backlog drive its earnings.
A trailing price-to-earnings ratio of 29 is reasonable for a company whose fiscal 2026 net income rose 31.34%. Microsoft offers broader AI exposure than a pure AI name. It owns stakes in both OpenAI and Anthropic and also sells the cloud capacity OpenAI has contracted to buy.
Microsoft faces a key test on October 28, when it reports fiscal first-quarter results. Watch Azure growth, OpenAI-related commitments and AI capital spending. This view would be undermined if Azure growth falls below fiscal Q3’s 40% rate or the stock closes below its September 22 level of $498.
Contact [email protected] for any questions or corrections.
Target (TGT +3.76%) has raised its dividend for 55 consecutive years, qualifying it as one of the elite Dividend Kings -- companies that have increased their payouts for at least 50 years in a row. The stock currently yields about 3%, based on its quarterly dividend of $1.16 per share. That is roughly 3 times the S&P 500's yield of approximately 1%, making the shares more appealing as the business turns the corner.
Sales are improving, helped by growth in advertising revenue and Target Circle 360 memberships. The core retail business is also showing better traffic and conversion. Comparable sales swung from a 2.5% decline in the holiday quarter to growth in each of the first two quarters of 2026, led by stronger store traffic.
Image source: Getty Images.
The bigger opportunity is non-retail sales. In the quarter ended Aug. 1, advertising revenue, powered by the Roundel media network, rose 20%. Revenue from Target Circle 360 memberships and sales on the Target Plus online marketplace each grew more than 40% year over year. Management says these businesses grow profits faster than sales, which points to higher margins and earnings.
These profitable revenue streams support the dividend. Target is already paying out less than half of its trailing earnings per share, and management's long-term goal is to keep the payout ratio near 40%. This leaves plenty of room to keep increasing the dividend during a year when a slow economy could weigh on sales and earnings.
TGT Target$158.11+$5.73 (+3.76%)
NYSE · As of 4:00 PM ET 10/22/26
The stock remains attractively valued. Shares trade at about 15 times this year's expected earnings, below the S&P 500's roughly 19 times. Investors can lock in an above-average dividend yield while positioning themselves to potentially profit from further upside in the shares, as the turnaround continues.
John Ballard 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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Toy prices just shattered a record that stood for nearly half a century, and the timing lands squarely in the middle of holiday shopping season. Families building their Christmas budgets and the retailers competing for their dollars are now caught…
Christmas shopping has always required some financial juggling, but this year, Santa might need a bigger budget. American families are already contending with higher prices for groceries, electricity, gasoline, and other everyday necessities. Now the holiday shopping season is bringing another unwelcome surprise.
One of Christmas’s most recognizable traditions — toys under the tree — is getting more expensive at a pace not seen in decades. It’s another reminder that inflation isn’t just an economic statistic. It’s something families confront every time they open their wallets, and the timing couldn’t be much worse.
Toy Prices Just Set an Unwelcome Record According to the Bureau of Labor Statistics’ September Consumer Price Index report, released Oct. 14, toy prices jumped 4.2% in a single month, the largest seasonally adjusted monthly increase in the index’s 49-year history.
Over the past 12 months, toy prices have climbed 6.6%, nearly twice the overall inflation rate of 3.7%.
For families planning Christmas shopping, those numbers carry real consequences. A holiday toy budget of $500 last year would need approximately $533 this year to purchase the same mix of merchandise, assuming prices followed the national average.
And toys aren’t the only things getting more expensive. Rising manufacturing costs are threatening to push another wave of inflation onto store shelves, potentially squeezing household budgets further.
Granted, toy prices fell 2.3% in August, so September’s increase partly reversed an earlier decline. Nevertheless, the 6.6% annual gain shows the broader trend is unmistakably higher.
A 49-year inflation record just hit the toy aisle—turning last year's $500 budget into an uphill battle for families and a margin-squeezing nightmare for retailers. Why Christmas Is Getting More Expensive To see what’s driving the increases, we need to understand that the toy industry is facing two pressures simultaneously: import tariffs and rising energy costs.
China manufactures most toys sold in the U.S., making the industry particularly vulnerable to import duties. Reuters reported Oct. 15 that higher oil prices are adding another burden because plastics, packaging, manufacturing, and transportation all depend on petroleum.
David Silverman, senior director at Fitch Ratings, warned that higher commodity and shipping costs could persist for several quarters.
The Toy Association also reported that toys represented $9.8 billion of the Chinese imports potentially eligible for preferential tariff treatment under a proposed trade framework. Relief, however, still requires regulatory steps before implementation.
That leaves manufacturers such as Mattel (NASDAQ:MAT | MAT Price Prediction), maker of Barbie and Hot Wheels, and Hasbro (NASDAQ:HAS), whose brands include Play-Doh and Nerf, confronting an uncomfortable choice: absorb rising expenses or pass them along to consumers.
Neither alternative is particularly attractive. Raising prices risks discouraging purchases, while holding prices steady squeezes profit margins.
Retailers face the same dilemma. Walmart (NASDAQ:WMT), Target (NYSE:TGT), and Amazon (NASDAQ:AMZN) compete aggressively for holiday shoppers, making discounts potentially necessary even as merchandise costs rise.
The Holiday Spending Squeeze The bigger concern isn’t simply that toys cost more. It’s whether families have enough money left after paying their bills to maintain their usual holiday spending.
A Federal Reserve survey of how Americans would use unexpected cash highlights the financial caution increasingly influencing consumer behavior.
And although Mastercard economist Michelle Meyer forecast 5.5% holiday retail sales growth, rising prices could account for part of that increase rather than Americans actually purchasing more merchandise.
For retailers and investors, that gap can be measured in profit margins. Higher sales revenue means considerably less when companies must sacrifice profitability through promotions to generate it.
Key Takeaway Christmas hasn’t been canceled, but it may come with a steeper price tag.
Families should establish gift budgets early, compare prices across retailers, and avoid assuming Black Friday discounts automatically represent the best deals.
Investors should watch holiday unit sales and profit margins rather than revenue growth alone. The companies that protect margins while maintaining customer traffic will emerge in better shape.
In short, Santa may still deliver plenty of presents this Christmas — but making the numbers work could require a little more holiday magic.
Contact [email protected] for any questions or corrections.
Carnegie Investment Counsel increased its stake in Target Corporation (NYSE:TGT – Free Report) by 25.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,152 shares of the retailer’s stock after acquiring an additional 7,296 shares during the period. Carnegie Investment Counsel’s holdings in Target were worth $5,665,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of TGT. Pinnacle Associates Ltd. raised its stake in Target by 0.5% during the third quarter. Pinnacle Associates Ltd. now owns 16,069 shares of the retailer’s stock worth $2,518,000 after purchasing an additional 79 shares during the period. Uncommon Cents Investing Inc boosted its holdings in shares of Target by 0.5% in the 3rd quarter. Uncommon Cents Investing Inc now owns 23,942 shares of the retailer’s stock valued at $3,751,000 after purchasing an additional 112 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Target by 12.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 189,553 shares of the retailer’s stock valued at $29,701,000 after purchasing an additional 20,581 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Target by 11.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,300,681 shares of the retailer’s stock valued at $203,804,000 after buying an additional 138,061 shares during the period. Finally, Diversify Advisory Services LLC grew its stake in shares of Target by 181.4% during the 3rd quarter. Diversify Advisory Services LLC now owns 12,158 shares of the retailer’s stock valued at $1,904,000 after buying an additional 7,837 shares during the period. 79.73% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth A number of analysts have recently commented on the company. Piper Sandler upped their price objective on Target from $146.00 to $153.00 and gave the stock a “neutral” rating in a report on Thursday, August 20th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $154.00 target price on shares of Target in a research report on Thursday, August 20th. Jefferies Financial Group lifted their target price on Target from $161.00 to $177.00 and gave the company a “buy” rating in a report on Friday, August 14th. 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. Finally, Roth Capital reissued a “neutral” rating and set a $142.00 price target on shares of Target in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Target presently has an average rating of “Hold” and a consensus target price of $159.33.
Get Our Latest Research Report on Target Insider Buying and Selling at Target In related news, insider Melissa K. Kremer sold 15,500 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $169.96, for a total value of $2,634,380.00. Following the completion of the sale, the insider directly owned 56,981 shares in the company, valued at approximately $9,684,490.76. This represents a 21.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matthew A. Liegel sold 926 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $163.51, for a total value of $151,410.26. Following the completion of the transaction, the chief accounting officer directly owned 12,266 shares in the company, valued at $2,005,613.66. This trade represents a 7.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.13% of the company’s stock.
Target Trading Down 1.0% Shares of TGT stock opened at $152.40 on Thursday. The stock has a market cap of $69.23 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98. The company has a quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.80. Target Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $170.75. The firm’s 50 day moving average price is $157.79 and its two-hundred day moving average price is $140.74.
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 company had revenue of $26.54 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same period in the previous year, the firm earned $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. On average, analysts anticipate that Target Corporation will post 8.89 EPS for the current year.
Target Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be issued a dividend of $1.16 per share. The ex-dividend date is Tuesday, November 10th. This represents a $4.64 annualized dividend and a dividend yield of 3.0%. Target’s payout ratio is presently 48.18%.
About Target (Free Report)
Target Corporation is a U.S.-based general merchandise retailer that operates stores and digital shopping platforms under the Target name. The company sells a broad assortment of products, including apparel and accessories, beauty and household essentials, electronics, toys, groceries, home furnishings, and seasonal merchandise.
Target also offers services designed to support omnichannel shopping, including order pickup, Drive Up, same-day delivery, and shipping through its digital channels.
Read More Five stocks we like better than Target GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall? Intercepting Growth: Karman Secures $218M Lockheed Martin Deal Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors Want to see what other hedge funds are holding TGT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Target Corporation (NYSE:TGT – Free Report).
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Fifteen of 21 selective samples graded more than 10 g/t gold and nine graded more than 30 g/t. Two exploration fronts are now active, with DDH-BN-7 under way at Bonaparte.
Newly transformed lower level brings the retailer's design-led vision to home, wellness, toys and food
More SoHo-exclusive products, collectibles and experiences are coming in 2027
, /PRNewswire/ -- Nearly a year after opening the reimagined Target SoHo, Target Corporation (NYSE: TGT) today unveiled its newly transformed lower level, completing the store's evolution into a style- and design-led shopping destination. The new space features immersive experiences across home, wellness, toys, and food and beverage — from shoppable living spaces and fandom moments to a New York-inspired food market — bringing inspiration and discovery to the categories guests shop most often.
Target Soho Store Lower Level Explorers' Lab
Target Soho Store Lower Level Balance Mart
Target Soho Store Lower Level Food & Beverage Space
Target Soho Store Lower Level Bullseye Loft
"Our guests want more than just a place to shop — they want to feel inspired, discover something new and find great style, design and value in the products they shop for every day." said Michelle Mesenburg, chief brand officer, Target. "With Target SoHo's transformation complete, we're bringing that joy of discovery to every corner of the store, turning everyday essentials into moments of inspiration and giving guests something new to love with every Target run."
Transforming everyday categories
Inspired by the rhythms of everyday life in New York City, the new lower level introduces a collection of immersive destinations designed to encourage exploration across Target's assortment.
Highlights include:
Bullseye Loft, a reimagined home destination where guests discover products through inspiring, shoppable living spaces featuring Target's home brand Threshold.
Balance Mart, a wellness destination featuring expanded men's grooming, trending wellness brands, Korean beauty products and more.
Explorers' Lab, which transforms toys and entertainment into an interactive destination inspired by imagination, storytelling and New York culture.
The Snack Bar brings New York streetscapes inside, transforming grab-and-go items from emerging brands like Wilde and Cadootz into a series of neighborhood-inspired stops.
A Seasonal Shopping Bar turns seasonal shopping into a constantly changing world of discovery, including sweet and savory items from Favorite Day.
The Food and Beverage space is reimagined as a modern city market, turning the most familiar staples of the grocery run into moments of discovery.
Style and design, evolving
Since opening, Target SoHo has given guests a new way to experience Target's signature style and design, while serving as a testing ground for the future of retail. Apparel and accessories has emerged as the store's highest-performing category, while monthly refreshed assortments and timely, exclusive experiences bring cultural trends to life and give guests new reasons to return. Early response has been positive, with nearly two-thirds of consumers aware of Target SoHo saying the store makes Target feel more stylish.*
The new lower level extends this curated, discovery-driven approach to everyday essentials. Looking ahead to 2027, Target plans to introduce exclusive SoHo-only products, collectibles and experiences, giving guests even more reasons to explore.
Target in New York
Since opening its first New York store in 1998, Target has been part of, and inspired by, New York and its creative rhythm. Today, Target has 109 stores across New York and employs more than 20,000 team members. Target SoHo is one of over 40 Target stores in the heart of New York City that makes great style and design accessible to guests. Target's commitment to New York extends beyond its stores through charitable giving, team member volunteerism and partnerships with local organizations that help strengthen communities.
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.
* Target Enterprise Insights National Awareness Study
Nearly 60 new food and beverage items at Target make it easy to discover new favorites alongside Thanksgiving staples
Good & Gather turkey at 79 cents per pound and $30 Thanksgiving meal for six leaves more room for fresh twists
, /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced how it's helping busy families save on Thanksgiving while celebrating the traditions they love and discovering new favorites. A new YouGov survey1 finds seven in 10 Americans value Thanksgiving food traditions, yet nearly half of those celebrating plan to put their own twist on a classic recipe this year. With nearly 60 new and trending food and beverage items, a $30 Thanksgiving meal for six2 and fresh finds for the home, Target is making it easier, more affordable and more inspiring for guests to bring their personal take to the holiday table.
"Thanksgiving and Friendsgiving are such joyful moments for our guests, and Target is making it easy and budget-friendly for them to plan meals that include plenty of familiar favorites plus some of the latest food trends," said John Conlin, senior vice president of merchandising, food and beverage, Target. "From exciting new flavors, to elevated takes on classics and convenient shortcuts to make meal prep a breeze, we're helping busy families celebrate the season with the fresh finds and value they count on from Target."
Fresh finds to make Thanksgiving your own
With an expanded assortment of $5 sides, pies, appetizers and wine and limited-time offers throughout November3, Target is making it easy and affordable for guests to bring their own twist to Thanksgiving and Friendsgiving traditions. Nearly a third of those who celebrate Thanksgiving say appetizers are just as important as the main meal, and just as many say they snack throughout the day leading up to it, according to the survey. Guests can explore options including:
Sides: Good & Gather Mashed Sweet Potatoes and Parmesan Cheese Topped Roasted Vegetables.
Desserts: Favorite Day pies in new sizes and flavors like Apple Caramel Crumb.
Appetizers: More than 10 new Good & Gather frozen options, including Blueberry and Brie Cheese Sticks and Feta Cheese and Honey Cheese Bites.
Desserts and side dishes are where guests see the most room to put a personal spin on Thanksgiving. From sourdough stuffing and flavorful brines to easy-to-prepare takes on classic dishes, guests can find more new or exclusive options to elevate their meal, including:
Kooshy Sourdough Stuffing
Oh Puree! Mashed Potatoes
Kinder's Butcher's Brine Kit, Bone Broth Gravy and Homestyle Stuffing Mix
Kettle & Fire Broths
Good & Gather Organic Chicken Broth and Chicken Broth Base
Magnolia Table Biscuits
Good & Gather Warm Apple Cider Smoked Ham
A Thanksgiving meal for six for just $30
With savings on Thanksgiving staples, guests have more flexibility to discover new flavors, elevate familiar favorites and bring their own take to the holiday table. Beginning in November, Good & Gather frozen turkey returns at just 79 cents per pound for the third consecutive year, wherever it's sold. Families can also serve a complete Thanksgiving meal for six for $30, maintaining last year's $5-per-person value.
Target's Thanksgiving meal includes:
Butterball Premium Whole Young Turkey, up to 10 lb.
Good & Gather Russet Potatoes, 3 lb. bag
Ocean Spray Jellied Cranberry Sauce, 14 oz.
Del Monte French Style Green Beans, two 14.5 oz cans
Campbell's Condensed Cream of Mushroom Soup, 10.5 oz
Good & Gather French Fried Onions, 6 oz
Stove Top Stuffing Mix for Turkey, 6 oz.
Heinz Homestyle Turkey Gravy, 12 oz.
Favorite Day Take & Bake Baguette, two count
Style and design for the whole gathering
For guests looking to celebrate in style, Target makes it easy to set the table, decorate the home and get the whole family ready for Thanksgiving. Guests can explore more than 200 new Threshold kitchen items, seasonal tablescape accents starting at $5 and on-trend home decor, including faux-fur throws. Family apparel features cozy, style-forward options from fleece starting at $10 to $45 cashmere sweaters.
For more on Target's 2026 holiday plans, visit corporate.target.com.
1YouGov conducted an online survey among 1,070 U.S. adults, of whom 1,014 celebrate Thanksgiving. The figures have been weighted and are representative of all U.S. adults ages 18+. Fieldwork was undertaken from Oct. 5-6, 2026.
2Prices are pre-tax. Prices valid Nov. 8, 2026, through Nov. 29, 2026. Offer not valid in Alaska or Hawaii.
3Prices are pre-tax. Prices valid Nov. 8, 2026, through Nov. 29, 2026.
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.
Deciding between e-commerce dominance and brick-and-mortar stability requires a close look at the numbers. In this article, we'll take a look at Amazon(AMZN -0.10%) and Target (TGT -1.05%) to see which stock is a better buy.
Amazon dominates digital commerce and cloud infrastructure, while Target focuses on an omnichannel approach with roughly 2,000 stores across the United States. While both compete for consumer dollars, their business models and growth trajectories differ significantly. This comparison analyzes their financials and risks to help you navigate these retail leaders.
The case for Amazon.comAmazon operates a massive digital marketplace and is a prominent name among retail stocks through its global online store and Amazon Web Services (AWS) cloud computing division. The company serves a diverse range of customers, including individual shoppers, third-party vendors, and enterprise technology teams. It continues to leverage its proprietary logistics network and high-margin advertising services to maintain its leadership in the global economy.
According to its latest annual report filed for FY 2025, revenue reached $716.9 billion, representing growth of nearly 12.4% compared to the previous year. This growth was accompanied by net income of $77.7 billion, which reflects a net margin of close to 10.8%.
Amazon has total cash of $122.9 billion against total debt of $251.6 billion. Its debt-to-equity ratio is 45.6%, and its operating cash flow is $161.4 billion.
AMZN Amazon$262.37-$0.26 (-0.10%)
NASDAQ · As of 4:00 PM ET 10/21/26
The case for TargetTarget is a general merchandise retailer that uses its physical stores as fulfillment hubs for its digital sales. The company has established strong commercial ties with partners like Apple (AAPL +1.32%), CVS, Disney, Levi's, and Starbucks (SBUX -0.29%) to drive guest traffic. It also operates the Target Plus marketplace and the Shipt delivery service while navigating the conclusion of its partnership with Ulta Beauty.
Based on its latest annual report filed for FY 2025, revenue reached $104.8 billion, which was a decrease of nearly 1.7% from the prior year. The company reported net income of $3.7 billion for the period, resulting in a net margin of 3.5%.
Target's total cash is $5.4 billion against total debt of $19.2 billion. Its debt-to-equity ratio is 107.5%, while its operating cash flow is $8.7 billion.
TGT Target$152.38-$1.62 (-1.05%)
NYSE · As of 4:00 PM ET 10/21/26
Risk profile comparisonAmazon faces intense competition across multiple industries, including e-commerce and cloud services, from well-funded competitors with significant resources. Its international operations expose the business to various geopolitical and regulatory risks, such as trade disputes and local licensing requirements. The complexity of its global fulfillment network and a high reliance on third-party suppliers and shipping companies create additional operational challenges for the business.
Target is susceptible to shifts in consumer spending patterns and macroeconomic instability within the U.S. economy, including inflationary pressures. The company manages significant supply chain risks and inventory shrink, which refers to the loss of products due to theft or administrative errors. Additionally, it faces ongoing legal risks, including product liability claims.
Valuation comparisonThe forward price-to-earnings (P/E) ratio, which uses future earnings estimates, suggests Target is the more affordable option, and its price-to-sales (P/S) ratio also shows it trading at a lower multiple of sales.
MetricAmazon.comTargetForward P/E23.6x15.6xP/S ratio3.4x0.6xWhich stock would I buy in 2026?Between the two, I wouldn't hesitate to own Amazon. That's because if I were looking more in the traditional retail space, I would pick Walmart over Target, as I feel it's done a better job of integrating technology into its business and has an undervalued advertising arm it's building. And between Target and Amazon, the choice gets even easier for me.
While Amazon does have a retail platform, what's more interesting is its connection to artificial intelligence (AI), a market that will be immensely profitable. In 2026, the worldwide AI market is valued at $707 billion, but that's expected to jump to $1.9 trillion by 2032.
According to Statista, as of Q1 2026, Amazon is the global leader in cloud infrastructure via AWS, with 28% market share. The next-closest company is Microsoft, with a 21% market share. Amazon is also making its own chips, which helps it become more vertically integrated, achieve higher margins, and not rely on third-party suppliers. It's also integrating AI into its Alexa devices and has a stake in the start-up Anthropic, so Amazon has many ways to profit from AI. Between Target and Amazon, there's just a lot more money that Amazon can haul in, making it a stock I'd rather own for the long haul.
Target (TGT - Free Report) ended the recent trading session at $152.38, demonstrating a -1.05% change from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.58%. Meanwhile, the Dow gained 0.69%, and the Nasdaq, a tech-heavy index, added 1.05%.
Heading into today, shares of the retailer had lost 3.16% over the past month, lagging the Retail-Wholesale sector's gain of 4.75% and the S&P 500's gain of 0.97%.
Investors will be eagerly watching for the performance of Target in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 18, 2026. In that report, analysts expect Target to post earnings of $2.08 per share. This would mark year-over-year growth of 16.85%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $26.37 billion, up 4.34% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $10.43 per share and a revenue of $110.11 billion, signifying shifts of +37.78% and +5.09%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Target. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Target presently features a Zacks Rank of #2 (Buy).
In terms of valuation, Target is currently trading at a Forward P/E ratio of 14.77. This signifies a discount in comparison to the average Forward P/E of 21.73 for its industry.
One should further note that TGT currently holds a PEG ratio of 2.43. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Retail - Discount Stores stocks are, on average, holding a PEG ratio of 1.85 based on yesterday's closing prices.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 18, putting it in the top 8% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Investors with an interest in Retail - Discount Stores stocks have likely encountered both Target (TGT) and TJX (TJX). But which of these two stocks offers value investors a better bang for their buck right now?
SHENZHEN, China, Oct. 21, 2026 (GLOBE NEWSWIRE) -- AIFU Inc. (Nasdaq: AIFU) (“AIFU” or the “Company”), a leading AI-driven independent financial services platform in China, today announced that it has entered into a transaction agreement (the “Transaction Agreement”) with Sunrise Capital Partners Ltd., Ballet Holding Ltd., Timber Management Limited, and Modern Holding Ltd. (collectively, the “Sellers”) to acquire 100% of the equity interests in Waltz Investment Holding Ltd. (the “Target Company”). The Target Company indirectly holds 99% of the equity interests in Shenzhen Waltz New Material Applied Technology Co., Ltd. (“Shenzhen Waltz”) (the “Transaction”). The Transaction values the Target Company at approximately US$44.61 million, equivalent to approximately RMB300 million.
Pursuant to the Transaction Agreement, the total consideration for the Transaction will comprise: (i) the issuance of 11,203,443 Class A ordinary shares of AIFU (the “Consideration Shares”) at an issue price of US$3.00 per share, representing aggregate share consideration of approximately US$33.61 million; and (ii) US$11 million in cash.
The transaction is expected to close on or before the end of November 2026, subject to the satisfaction or waiver of the closing conditions set forth in the Transaction Agreement. Upon completion of the transaction, the Sellers are expected to hold, in the aggregate, approximately 15.48% of AIFU's total issued and outstanding shares, representing approximately 1.03% of the Company's total voting power. The Consideration Shares will be subject to a lock-up period of 60 months, subject to certain customary exceptions.
Founded in 2006 and headquartered in Shenzhen, China, Shenzhen Waltz is a high-tech enterprise specializing in the coating, processing, and application of functional optical films. Leveraging its expertise in functional film coating, film lamination, and application-specific forming and fitting, the Company provides customized functional film products and related technical services to customers in new energy vehicle, smart cockpits, and consumer electronics industries. Shenzhen Waltz has been recognized as a National High-Tech Enterprise by the Chinese government and as a “Specialized, Refined, Distinctive, and Innovative” Enterprise by the Shenzhen Municipal government. The company holds 17 patents and serves approximately 280 customers.
Mingxiu Luan, Chief Executive Officer of AIFU, commented, “Shenzhen Waltz has established deep technical expertise, a mature product portfolio, and a broad customer base in the functional optical films industry. This acquisition will further expand AIFU's presence in the high-tech sector and create new growth opportunities for the Company. Looking ahead, we intend to explore opportunities to leverage AIFU's technologies and resources in artificial intelligence and digitalization to support Shenzhen Waltz in advancing its research and development capabilities and operational efficiency, driving its long-term business growth, and creating sustainable value for our shareholders.”
About AIFU Inc.
Founded in 1998, AIFU Inc. (Nasdaq: AIFU) is a leading AI-driven independent financial services platform in China. Through strategic partnerships and deep integration across the value chain, AIFU has created a comprehensive ecosystem that connects various financial institutions, service providers, agents, and independent insurance intermediaries.
Building on this ecosystem, the company delivers comprehensive support and tailored solutions for individual agents and insurance intermediary organizations. By harnessing the power of AI, the Company enables precise matching of customer needs, enhances business development efficiency, and offers personalized, full-lifecycle insurance protection and value-added services.
Furthermore, through its proprietary AI, big data analytics, and robotic automation platforms, the Company offers a full spectrum of services including automated underwriting, claims processing, risk management, intelligent customer engagement, smart marketing and client education, as well as compliance and security solutions. These advanced capabilities substantially improve intermediaries' operational efficiency, empower partners to expand market presence, and enable more seamless personalized experiences for end customers.
Forward-looking Statements
This press release contains statements of a forward-looking nature. These statements, including the statements relating to the Company’s future financial and operating results, are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will”, “expects”, “believes”, “anticipates”, “intends”, “estimates” and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about AIFU Inc. and the industry. Potential risks and uncertainties include, but are not limited to, those relating to its ability to attract and retain productive agents, especially entrepreneurial agents, its ability to maintain existing and develop new business relationships with insurance companies, its ability to execute its growth strategy, its ability to adapt to the evolving regulatory environment in the Chinese insurance industry, its ability to compete effectively against its competitors, quarterly variations in its operating results caused by factors beyond its control including macroeconomic conditions in China. Except as otherwise indicated, all information provided in this press release speaks as of the date hereof, and AIFU Inc. undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although AIFU Inc. believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by AIFU Inc. is included in AIFU Inc.’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F.
SummaryDassault Systèmes remains a quality investment, but my price target is reduced to €26.5/share, reflecting lower normalized earnings and growth expectations.Current valuation implies a 50%+ upside to PT, but the margin of safety has narrowed due to revised AEPS growth forecasts of 4–6% annually.AI-driven changes may weaken pricing power and limit incremental revenue, challenging DASTY's historical premium and justifying a lower P/E multiple of 19–22x.Despite solid segment growth and a 30% operating margin, DASTY's overall growth is less inspiring, warranting a more cautious 'Buy' rating.Looking for more investing ideas like this one? Get them exclusively at Wolf of Value. Learn More »JHVEPhoto/iStock Editorial via Getty Images
It's time to update my thesis on Dassault Systèmes (DASTY), a company I, in early 2026, called one of the better investments on the market with high potential. You can find my article
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Morgan Stanley just called Amazon a top pick and lifted its price target, but with negative free cash flow and $200 billion in planned spending ahead, the real question is whether AWS momentum can turn that mountain of capex into
Piper Sandler just slashed price targets on three major crypto mining stocks, yet buyers rushed back in anyway. Whether that confidence survives the next wave of data center financing concerns is the real question hanging over MARA, Hut 8, and…
Cryptocurrency mining stocks are brushing off a fresh round of analyst price target cuts, and buyers are stepping back in after a sharp selloff. MARA Holdings (NASDAQ:MARA | MARA Price Prediction) stock is rising 4% to $7.65 this afternoon. Similarly, Hut 8 (NASDAQ:HUT) shares are up 4% to $70.61, keeping pace with MARA stock.
Riot Platforms (NASDAQ:RIOT) stock is lagging both peers, up by only 0.5% to $14.04. Piper Sandler cut its price targets on MARA, Riot and Hut 8 shares in the same note, so the gains in MARA and Hut 8 shares show buyers treating the cuts as largely priced in.
Bitcoin (CRYPTO:BTC) is up 0.7% to $82,519 over a 24-hour window, well behind the rally in MARA or Hut 8 shares. That gap suggests MARA and Hut 8 shares are rallying more on their own rebound than on any lift from the cryptocurrency.
Piper Sandler Trims Targets on Rate and Credit Worries
In a new note, Piper Sandler analyst Patrick Moley cut price targets on MARA, Riot and Hut 8 shares, citing hotter inflation and higher oil prices that revived rate-hike concerns. Moley also pointed to credit markets repricing the debt that funds data center buildouts, along with uncertainty over planned AI capital spending. Each of those factors points straight at the financing behind data center plans at MARA, Riot and Hut 8.
Piper Sandler still maintained that MARA, Riot and Hut 8 shares look attractive after their recent selloff, and the firm kept an Overweight rating on MARA stock. Trading in MARA, Riot and Hut 8 shares initially turned lower after the note before reversing higher.
Cantor Fitzgerald had already cut its price targets on Riot and Hut 8 shares on October 16, so Piper Sandler’s note adds to a string of recent reductions for both names. Hut 8 stock is rallying through both rounds of cuts, while Riot stock is barely moving.
Power Sites Tie Miners to Bitcoin and Borrowing Costs
MARA, Riot and Hut 8 began as Bitcoin miners and are adding AI and high-performance computing data center businesses at existing power sites. That shift ties MARA, Riot and Hut 8 shares to both the Bitcoin price and the cost of financing data center construction, which is also why the power, cooling, and networking suppliers behind the expansion keep showing up in our free AI infrastructure report. Higher rates and repriced credit can lift the cost of each new build, which is why Moley’s concerns land directly on this corner of the market.
The CoinShares Bitcoin Mining and Digital Power ETF (NASDAQ:WGMI) is up 1% to $31.95. For broad-market context, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 0.3% to $768.63, a much smaller move than the mining fund. Both funds trail MARA and Hut 8 shares, while Riot shares sit below the mining ETF’s gain.
Data Center Debt Is the Next Hurdle for MARA
Another hurdle for MARA is whether credit markets keep repricing data center debt. Hotter inflation, higher oil prices and renewed rate-hike concerns all feed into that financing cost. Traders can watch for whether Riot stock joins the rebound in MARA and Hut 8 stock.
Piper Sandler’s Overweight rating on MARA stock and its view that MARA, Riot and Hut 8 shares look attractive after the selloff give buyers a reason for confidence. Piper Sandler’s lower price targets still argue for patience. Investors should consider keeping their position sizes modest until the data center financing picture resolves.
Contact [email protected] for any questions or corrections.
Abercrombie & Fitch Co. ANF is expanding Hollister's reach through a strategic partnership with Target Corp. TGT, marking the brand's first meaningful wholesale and category expansion in the United States. The collaboration represents an opportunity for Hollister to move beyond traditional apparel offerings, attract customers and establish a presence in additional product categories.
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
Target (TGT - Free Report) is a stock many investors are watching right now. TGT is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A. The stock is trading with a P/E ratio of 11.14, which compares to its industry's average of 28.94. Over the past 52 weeks, TGT's Forward P/E has been as high as 15.66 and as low as 9.53, with a median of 13.28.
TGT is also sporting a PEG ratio of 2.41. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. TGT's PEG compares to its industry's average PEG of 2.76. TGT's PEG has been as high as 2.96 and as low as 1.45, with a median of 2.01, all within the past year.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. TGT has a P/S ratio of 0.65. This compares to its industry's average P/S of 1.25.
These are only a few of the key metrics included in Target's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, TGT looks like an impressive value stock at the moment.
Vancouver, British Columbia – TheNewswire - October 20, 2026 – Adamera Minerals Corp. (TSX-V: ADZ; OTC: DDNFF) (“Adamera” or the “Company”) announces that it has received inverted induced polarization (IP) chargeability data for the first eight survey lines, L1400 to L4200, at the Max Copper-Gold Target on its South Hedley Project near Hedley, British Columbia (Figure 1). Line L4600 has been surveyed, and surveying of the last line, L5000, is underway.
The inverted data show a continuous body of high chargeability extending from L1800 to L4200, with inverted values of up to 77 mV/V. The anomaly weakens on L1400 in the west, and line L4600 shows weakening in the east. Once L5000 is complete, the chargeability anomaly is expected to measure in the range of 3 to 4 km north to south, and 3.2 to 3.6 km east to west. On some survey lines the chargeability remains open to the north.
“The inverted data confirm a large, continuous chargeability body at Max, and we are now close to defining its full extent,” said Mark Kolebaba, President and CEO of Adamera. “The chargeability sits with copper and gold in soils and a buried magnetic intrusive target, three independent lines of evidence pointing to a possible porphyry system under cover. The anomaly is mostly closed off to the west, and we expect L5000 to close it off to the east. We will then have a complete IP dataset to combine with the magnetics and this year’s soil results to select additional drill targets.”
Inverted IP Results, Lines L1400 to L4200
The survey uses a pole-dipole array on north-south lines spaced 400 metres apart. Nine lines have now been completed, from L1400 in the west to L4600 in the east. The inverted stacked sections include Lines 1400 to 4200.
Continuity: high chargeability is continuous from L1800 to L4200, with multiple high-chargeability cores. The strongest and broadest response is on the central lines, L2200 to L3400.
Southern margin: the anomaly is closed to the south on all lines. On L3800 the southern margin is sharp, which may reflect a structural or lithological contact.
Northern limit: the northern extent of the anomaly is less clearly defined. Chargeability remains open to the north on L2200 and L3400 and weakens toward the north ends of L2600, L3000, L3800 and L4200. The northern extension on L2200 will be followed up with soil sampling, prospecting and mapping.
Western limit: on L1400 the anomaly is present at depth but substantially weaker. This is consistent with ground magnetics which shows a clear structural contact.
Eastern limit: L4200 remains strongly anomalous. Preliminary field readings from L4600 show anomalous chargeability that is weaker than on the lines to the west.
Click Image To View Full Size
Figure 1. IP survey chargeability inversion, Max Copper-Gold Target, lines L1400 to L4200, sections looking west.
Next Steps
Lines L4600 and L5000 will be submitted for inversion. The full IP dataset will then be combined with ground magnetics and the results of approximately 2,000 soil samples collected at Max in 2026. Soil sample results are pending. Drill permit applications for the Max and Glix targets were submitted in February 2026.
South Hedley Project
South Hedley is a copper-gold property of approximately 25,000 hectares between Princeton and Hedley, British Columbia, just south of BC Highway 3. It lies within the Quesnel Trough, approximately 18 km from Hudbay Minerals Inc.’s Copper Mountain mine. Previous soil sampling at Max returned up to 1,450 ppm copper and 1.34 g/t gold. Magnetic modelling indicates a buried intrusive body starting at approximately 110 metres depth.
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. Inverted chargeability values are model results that depend on the inversion parameters used, and they are not directly comparable with apparent (field) values reported previously. Results from L4600 are preliminary field readings that have not been inverted. IP chargeability indicates the presence of polarizable minerals, which may include sulphides that do not contain copper or gold, and is not indicative of grade, continuity or economic potential. Mineralization at the Copper Mountain mine 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 strategic tungsten portfolio to build a secure, uninterrupted domestic supply for U.S. markets. In Canada, Adamera is actively exploring the South Hedley Copper-Gold Project while maintaining several drill-ready gold projects in its portfolio.
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 factual 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. As a result, actual results may vary materially from those described in the forward-looking statements.
Rock sampling advances an additional exploration target; drilling moves to Ringo following completion of four holes totalling 1,725 metres at Holliday Vancouver, British Columbia--(Newsfile Corp. - October 20, 2026) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to report positive gold results from rock sampling at the Mattie Gold Target ("Mattie") at its Corral Copper Project ("Corral" or the "Project") in Cochise County, Arizona. Located approximately 3.25 kilometres ("km") south of the Ringo Zone, Mattie adds a further gold exploration opportunity at Corral, supported by surface sampling, historical exploration and widespread alteration.
Drills 7.50 m of 5.02 g/t Gold, Including 0.50 m of 18.55 g/t Gold, in Hole THN26-393 and
54.00 m of 1.09 g/t Gold and 0.50 m of 37.10 g/t Gold in Hole THN26-394
VANCOUVER, British Columbia, Oct. 20, 2026 (GLOBE NEWSWIRE) -- Brixton Metals Corporation (TSX-V: BBB, OTCQX: BBBXF) (the “Company” or “Brixton”) is pleased to announce initial metallurgical testwork results and the final drill results from the Trapper Gold Target at its wholly owned Thorn Project in NW British Columbia, Canada. The two infill holes reported herein, THN26-393 and THN26-394, complete the Company’s 2026 drilling and assay reporting at Trapper. The Company drilled both holes to include them in the maiden Mineral Resource Estimate (“MRE”) now being prepared with APEX Geoscience Ltd. for the Trapper gold system. The initial metallurgical results provide a first indication of gold recoveries at Trapper ahead of the maiden MRE, which the Company expects to report in the first quarter of 2027.
Highlights
Initial scoping-level testwork on a single high-grade composite from Trapper (10.3 g/t Au and 27.6 g/t Ag) returned a combined gravity and rougher flotation gold recovery of 97.0%Gravity concentration recovered 12.3% of the gold into a concentrate grading 1,486 g/t Au; a screened metallic assay of 13.9 g/t Au indicates the presence of coarse goldBoth drill holes reported herein returned wide, near-surface gold mineralization at Trapper, each with multiple high-grade intervals, and visible gold was logged in THN26-394. The Trapper gold zone remains open for expansionHole THN26-393 returned 120.00 m of 0.67 g/t gold and 3.91 g/t silver from 19.50 m depthIncluding 15.00 m of 1.43 g/t gold and 3.33 g/t silver from 43.50 m depth and including 0.50 m of 18.05 g/t gold and 8.20 g/t silver from 56.00 m depth Including 7.50 m of 5.02 g/t gold and 30.58 g/t silver from 70.00 m depth and including 0.50 m of 18.55 g/t gold and 115.00 g/t silver from 76.00 m depth Hole THN26-394 returned 138.00 m of 0.80 g/t gold and 2.34 g/t silver from 29.00 m depthIncluding 28.50 m of 1.28 g/t gold and 2.04 g/t silver from 29.00 m depth and including 0.50 m of 37.10 g/t gold and 13.90 g/t silver, with visible gold, from 57.00 m depth Including 54.00 m of 1.09 g/t gold and 3.63 g/t silver from 82.00 m depth Gary R. Thompson, Chairman and CEO, stated, “It’s great to see several high-grade intervals, including half a meter grading 37.10 g/t gold. We are encouraged by the first metallurgical results from Trapper, where scoping-level testwork returned 97.0% combined gravity and rougher flotation gold recovery. Both holes drilled were positioned specifically to feed the maiden resource estimate we are preparing at Trapper with APEX Geoscience, which is anticipated early in 2027.”
Table 1. Selected assay intervals from Trapper holes THN26-393 and THN26-394.
Hole IDFrom (m)To (m)Interval (m)Au (g/t)Ag (g/t)THN26-39319.50139.50120.000.673.91including43.5058.5015.001.433.33and including56.0056.500.5018.058.20including70.0077.507.505.0230.58and including76.0076.500.5018.55115.00THN26-39429.00167.00138.000.802.34including29.0057.5028.501.282.04and including57.0057.500.5037.1013.90including82.00136.0054.001.093.63including147.80154.006.201.211.50 All reported grades are length-weighted averages. Reported intervals are drill core lengths; true widths of the mineralized intervals have not yet been determined. Composite intervals were selected using gold as the lead element at a 0.30 g/t Au cut-off, built from contiguous samples with unlimited internal dilution. A composite is reported only where it contains at least one sample exceeding 1.00 g/t Au or 50 g/t Ag; holes with no such sample are reported as having no significant intercepts. Intervals labelled “including” are contiguous runs of samples exceeding one or more of those thresholds.
Discussion
The objective of the 2026 drilling at the Trapper Gold Target was to test the continuity, width and grade of the broad near-surface gold zone hosted by Cretaceous quartz diorite and Triassic Stuhini volcanic rocks, and to provide the drill density required to support the Company’s maiden Mineral Resource Estimate for the target. Trapper sits within a northwest-southeast trending gold-in-soil anomaly measuring approximately 4 km by 1.5 km, and visible gold has been documented in drill core and in surface outcrop across the target area.
Hole THN26-394 returned a shoulder of 138.00 m of 0.80 g/t gold and 2.34 g/t silver from 29.00 m depth. That interval contains two distinct higher-grade zones. The first, 28.50 m of 1.28 g/t gold and 2.04 g/t silver from 29.00 m, hosts 0.50 m of 37.10 g/t gold from 57.00 m, the highest gold assay of the two holes. The second, 54.00 m of 1.09 g/t gold and 3.63 g/t silver from 82.00 m, including visible gold (Figure 2), demonstrates that grade is not restricted to the first few tens of metres of the hole. A further 6.20 m of 1.21 g/t gold was returned from 147.80 m, near the base of the same interval.
Figure 2. Visible gold in drill core from hole THN26-394 at 106.25 m depth.
Hole THN26-393 returned 120.00 m of 0.67 g/t gold and 3.91 g/t silver from 19.50 m depth. The interval begins close to surface and is continuous, reflecting pervasively mineralized quartz diorite cut by sheeted quartz-sulphide veinlets rather than a single narrow structure. Within that interval, the hole returned two higher-grade zones. The first, 15.00 m of 1.43 g/t gold and 3.33 g/t silver from 43.50 m, hosts 0.50 m of 18.05 g/t gold from 56.00 m. The second, 7.50 m of 5.02 g/t gold and 30.58 g/t silver from 70.00 m, hosts 0.50 m of 18.55 g/t gold and 115.00 g/t silver from 76.00 m (Figure 3).
Figure 3. Galena, sphalerite and chalcopyrite in hole THN26-393 at 76.20 m depth (sample N198297), which assayed 18.55 g/t Au and 115.00 g/t Ag.
Taken together, the two holes describe the Trapper system as a set of stacked, higher-grade gold zones sitting within a much larger envelope of continuous, lower-grade mineralization that begins at or near surface. Each hole carried grade over more than 100 m of core length, with roughly one-fifth of that length in THN26-393 and nearly two-thirds in THN26-394 grading above 1.00 g/t gold. This geometry of wide mineralized shoulders with internal high-grade cores, and with visible gold logged in the highest-grade interval of THN26-394, is consistent with previous Trapper drilling, where visible gold has been recognized in base-metal veins and veinlets, quartz stockwork, sulphosalt-pyrite veinlets and as disseminations within the diorite. The Trapper gold zone remains open for expansion.
Both holes were drilled with the intention of including them in the maiden Mineral Resource Estimate for the Trapper Gold Target, and the results reported herein complete the Company’s assay reporting for Trapper. Work on that estimate is now underway with APEX Geoscience Ltd., in parallel with the maiden estimates for the Camp Creek high-sulphidation zone and the deeper Camp Creek porphyry. The Company expects to report all three in the first quarter of 2027.
Figure 4. Long section A–A′ at Trapper showing gold assays from holes THN26-393 and THN26-394 and the continuity of the near-surface gold zone.
Long section A–A′ is oriented 315°–135° (looking northeast), parallel to the main gold trend at Trapper, and is offset 20 m southwest of the THN26-393 and THN26-394 collars. Assays from previous drilling within ±40 m of the section line are projected onto the section and shown where ≥1.0 g/t Au. The 0.5 g/t Au contour was interpolated by inverse distance weighting of all assays within the projection window (Au capped at 10 g/t for contouring only) and is illustrative only; it does not represent a mineral resource. Intervals are core lengths; true widths are not yet known.
Table 2. Collar information for holes reported herein, Trapper Gold Target, Thorn Project. UTM NAD83 Zone 9.
Hole ID
Easting
(m)
Northing
(m)
Elevation
(m)
Azimuth
Dip
Depth
(m)
THN26-39363037664855381282.0268-45171.00 THN26-39463033364856011296.0282-66186.00 Figure 5. Plan map of drilling at Trapper showing selected callouts to date, including the 2026 holes reported herein.
Quality Assurance & Quality Control
Quality assurance and quality control protocols for drill core sampling were developed by Brixton. Core samples were mostly taken at 1.50 m intervals. High-grade intervals were taken at 0.50 to 1.50 m intervals. Blank, duplicate (lab pulp) and certified reference materials were inserted at a combined rate of up to 15%. Core samples were cut in half, bagged, zip-tied and sent directly to the ALS Minerals preparation facility in Whitehorse, Yukon, or Langley, British Columbia, depending on available lab capacity. ALS Minerals Laboratories is registered to ISO 9001:2015 and ISO 17025:2017 accreditations for laboratory procedures. Samples were analyzed at ALS Laboratory Facilities in North Vancouver, British Columbia, for gold by fire assay with an atomic absorption finish, whereas Ag, Pb, Cu, Zn, and 48 additional elements were analyzed using four-acid digestion with an ICP-MS finish. Over-limit gold samples were analyzed using fire assay and gravimetric finish. The standards, certified reference materials, were acquired from CDN Resource Laboratories Ltd., of Langley, British Columbia, and the standards inserted varied depending on the type and abundance of mineralization visually observed in the primary sample. Blank material used consisted of non-mineralized siliceous landscaping rock. A copy of the QAQC protocols is available on the Company’s website.
About the Metallurgical Results
Brixton has received initial scoping-level metallurgical test results on a high-grade composite sample from the Trapper zone. SGS Canada Inc., an independent laboratory, completed the testwork, which consisted of gravity concentration followed by rougher flotation of the gravity tailings at a target primary grind size of 80% passing 75 µm (P80).
The composite assayed 10.3 g/t Au (average of duplicate fire assays) and 27.6 g/t Ag. A screened metallic assay returned 13.9 g/t Au, indicating coarse gold.
Gravity concentration recovered 12.3% of the gold into 0.08% of the feed mass, at a concentrate grade of 1,486 g/t Au. Rougher flotation of the gravity tailings recovered a further 96.6% of the remaining gold into a rougher concentrate grading 33.9 g/t Au and 91.8 g/t Ag. Combined gravity and rougher flotation gold recovery was 97.0%. Final silver recoveries are pending.
Table 3. Trapper composite – gravity and rougher flotation results.
The Trapper composite was prepared from 12 bags of quarter core (approximately 101 kg) selected from high-grade drill intercepts in the Trapper zone, chosen from intervals in the top 10% of gold grades in the Trapper drill database. A 4 kg split was used for the gravity and flotation tests. These are preliminary results from a single composite. They may not be representative of the Trapper mineralization as a whole and should not be relied on as an indication of metallurgical recoveries that may be achieved. Rougher flotation results do not reflect final recoveries, which are typically lower after cleaning stages. Further testwork, including cleaner flotation, leach testing and variability testing on additional composites, is planned.
Correction to Previous News Release
Brixton has identified errors in the drill collar location table of its news release dated September 29, 2026, titled “Brixton Drills 58 m of 0.50 g/t AuEq and 17.6 m of 1.47 g/t AuEq in the Glenfiddich Zone at Camp Creek, Thorn Project”. The corrected collar information is presented in Table 4 below. The Company has determined that these corrections do not constitute a material change and do not affect the results, interpretations or conclusions presented in that news release.
Table 4. Corrected collar information for holes reported in the news release dated September 29, 2026. UTM NAD83 Zone 8.
Ms. Madeline Berry, P.Geo., is a Project Geologist for the Company and is a Qualified Person as defined by National Instrument 43-101. Ms. Berry has verified the referenced data disclosed in this news release and has approved the technical information presented herein.
About Brixton Metals Corporation
Brixton Metals is a Canadian exploration company focused on advancing its mining projects. Brixton wholly owns five exploration projects: the Langis and Hudson Bay silver Projects in Ontario; the Thorn copper-gold-silver-molybdenum Project in NW British Columbia; the Hog Heaven copper-silver-gold Project in NW Montana, USA, which is optioned to Ivanhoe Electric Inc.; and the Atlin Goldfields Project in northwest BC. Brixton holds an option to acquire a 100% interest in the silver-focused Silvergruvan Project in Sweden. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB, and on the OTCQX under the ticker symbol BBBXF. For more information about Brixton, please visit our website at www.brixtonmetals.com.
For Investor Relations inquiries, please contact: Mr. Michael Rapsch, Vice President Investor Relations. Email: [email protected] or call 604-630-9707
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address 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, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans, or other similar expressions. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding the use of proceeds, are forward-looking statements. 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, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSX-V and applicable Canadian securities regulators. 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, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
The Property Hosts the Second of Two Magnetic Lows Identified North of the Saguenay River, the First Being the Niobec Mine. Historical Drilling on the Rims of the Shipshaw Anomaly Intersected Carbonatite in Every Hole; Its Core Has Never Been Drill-Tested
VANCOUVER, BC / ACCESS Newswire / October 20, 2026 / NiobiumX Mining Inc. (CSE:NIOX)(FSE:O7D0)(OTCQB:NIOXF) ("NiobiumX" or the "Company") today outlines the principal exploration target at its Shipshaw Property in the Saguenay region of Quebec, and the reasons the Company has prioritized it. The Company also announces the appointment of Matthew Schwab to its Board of Directors.
Key Highlights
1. Two Magnetic Lows, One Mine: In 2010, a reinterpretation of Geological Survey of Canada magnetic data by Camille St-Hilaire for DIOS Exploration Inc. identified two low magnetic anomalies north of the Saguenay River. The first correlates with the Niobec deposit, North America's only producing niobium mine, approximately two kilometres from the Company's nearest claim. The second is largely covered by the Shipshaw Property and has never been verified. 1, 3, 9
2. What the First One Became: Niobec was discovered in 1967 by a radiometric survey during uranium exploration and has been in production since 1976. Its 2013 technical report states measured and indicated mineral resources of 629.9 million tonnes at 0.42% Nb2O5 and inferred resources of 67.7 million tonnes at 0.37% Nb2O5, plus a separate rare earth zone of 531.4 million tonnes indicated at 1.64% TREO and 527.2 million tonnes inferred at 1.83% TREO. 1, 3, 6, 8
3. The Rims Were Drilled. The Core Was Not: The 2010-2011 program by DIOS Exploration Inc., 23 holes totalling approximately 5,850 metres, was designed around systematic drilling of the magnetic rims surrounding the carbonatite core, to a depth of approximately 125 to 150 metres. Every hole intercepted the carbonatite complex. The Company's NI 43-101 technical report concludes that the drilling to date is insufficient to determine the dimensions or orientation of the mineralization, and that the target merits further work. 2, 3, 4, 5
4. The Niobium-Bearing Carbonatite Type: Géologie Québec reports that of the five carbonatite systems it selected for characterization along the Waswanipi-Saguenay corridor, Shipshaw is the only one with a homogeneous magnesio-carbonatite composition, and that at Shipshaw the magnesio-carbonatite is the facies most mineralized in niobium. 6
Why the Company Is Focused on This Target
Carbonatite complexes in the Saint-Honoré corridor share a geophysical signature: a magnetic low, commonly accompanied by elevated thorium. That is the signature that led to Niobec. 1 At Shipshaw the same signature is present, carbonatite has been confirmed in every historical drill hole, and the centre of the magnetic low has not been drilled.2 Géologie Québec notes that carbonatite made up only about 6% of the rock logged in the historical holes. The Company's NI 43-101 technical report describes that program as systematic drilling of the magnetic rims surrounding the carbonatite core. 3, 6
The next step is to image the system properly. High-resolution airborne magnetics and radiometrics, 3D magnetic inversion and a re-examination of the historical core are designed to define the size, orientation and depth of the target before the first hole goes into its centre.
"There are two magnetic lows north of the Saguenay River. One of them is Niobec. The other one is ours," said Kirby Renton, President and Chief Executive Officer.1 "The earlier drilling went around the edges and hit carbonatite in every hole. Nobody has drilled the middle. That is the hole we want to drill."
Rare Earth Elements
The Shipshaw carbonatite also carries rare earth elements, as recorded in the Company's NI 43-101 technical report and in Géologie Québec bulletin BM 2024-02. The Company's exploration focus at Shipshaw is niobium. 3, 6
The Shipshaw Property
The Shipshaw Property is a 100%-owned, 48-claim, approximately 2,686-hectare land package on the north side of the Saguenay River, approximately five kilometres west of the Chicoutimi-Nord sector of the city of Saguenay, Quebec. The Saint-Honoré alkaline complex that hosts the Niobec mine lies to the north-northeast: the nearest claim boundary is approximately two kilometres from the mine, and the historically drilled Terres Rompues zones lie six to seven kilometres south-southwest of it. The Property sits within the Saguenay Graben of the Grenville Province and is cut by a swarm of carbonatite and lamprophyre dykes, the same geological setting as the Niobec deposit. It is accessible year-round by paved road (Route 172) from the Dubuc Bridge, in an established industrial region with hydroelectric power, rail and port infrastructure. 1, 3, 6, 7
Appointment of Matthew Schwab to the Board of Directors
NiobiumX announces the appointment of Mr. Matthew Schwab to its Board of Directors, effective immediately. Mr. Matthew Schwab is an acclaimed exploration geologist who, in 2014 as Senior Exploration Geologist at NexGen Energy Ltd., was instrumental in the discovery of the Arrow uranium deposit located in the southwestern Athabasca Basin. Mr. Schwab was also a member of the Hathor Exploration Ltd. development team, where he contributed to the sale of the Roughrider deposit to Rio Tinto for $654 million. More recently, he served as Chief Executive Officer of Kraken Energy Corp. His prior roles include co-founding Axiom Exploration Group Ltd. and serving as President, Senior Advisor, and Founder of multiple successful private and public mineral exploration and energy consulting firms within the Canadian mining and petroleum industries. Mr. Schwab currently serves as Chief Executive Officer and Director of Stallion Uranium Corp., as Executive Director of Atomic Minerals Corp. and as a Director of UraniumX Discovery Corp.
"Matt has been part of teams that took a target through to discovery and on to a sale," said Kirby Renton, President and Chief Executive Officer. "Shipshaw is at the stage where that experience counts, and we are pleased to welcome him to the board."
About NiobiumX Mining Inc.
NiobiumX Mining Inc. (CSE:NIOX)(FSE:O7D0)(OTCQB:NIOXF) is a Canadian mineral exploration company focused on niobium. The Company's principal asset is the Shipshaw Property, a package of 48 mineral claims totalling approximately 2,686 hectares in the Saguenay region of Quebec, situated within the Saguenay Graben of the Grenville Geological Province and characterized by a swarm of carbonatite and lamprophyre dykes. The Shipshaw carbonatite is one of five carbonatite intrusions in the Waswanipi-Saguenay zone selected for characterization by Géologie Québec in metallogenic bulletin BM 2024-02.
Niobium is designated a critical mineral by Canada, the United States, the European Union and Australia.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Deepak Varshney, P.Geo., a consultant to the Company and a Qualified Person as defined by National Instrument 43-101.
For Further Information
Kirby Renton, President, Chief Executive Officer and Director
On behalf of the Board of Directors, Kirby Renton, President and Chief Executive Officer, NiobiumX Mining Inc.
Forward-Looking Information
Except for statements of historic fact this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words or statements that certain events or conditions "may" or "will" occur. Forward-looking information in this news release includes, without limitation, statements regarding the Company's exploration plans and programs; the design, scheduling, acquisition, processing and interpretation of geophysical surveys; the ability of integrated data and machine-learning methods to define or rank exploration targets; the interpretation and prospectivity of the Shipshaw Property for niobium and rare earth elements; the maintenance and registration of mineral title; and the Company's business plans generally. Forward-looking information is based on assumptions management considers reasonable as of the date hereof, and is subject to known and unknown risks and uncertainties that may cause actual results to differ materially, including that geophysical or model-derived anomalies may not reflect mineralization; that interpreted targets may not be confirmed by drilling; that the Company's exploration strategy may change; that no mineral resource estimate exists for the Property and none may ever be established; that historical results may not be verified or replicated; that the Company may be unable to obtain financing, permits or title on acceptable terms; and changes in commodity prices, demand and critical minerals policy. Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation to update forward-looking information except as required by law. Additional information on risks is available in the Company's filings at www.sedarplus.ca.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Notes and References
1. Readers are cautioned that the geology and mineralization of neighbouring properties, including the Niobec mine, are not necessarily indicative of the geology or mineralization of the Property. The Company has no interest in the Niobec mine; information about it is taken from public disclosure by its owners and has not been verified by the Company's Qualified Person.
2. The drilling information referred to is historical. It was obtained by a previous operator, DIOS Exploration Inc., in 2010 and 2011, is documented in Government of Quebec assessment reports, and has not been verified by the Company's Qualified Person. It should not be relied upon and is not necessarily indicative of mineralization on the Property. No mineral resource or mineral reserve has been estimated on the Property.
3. Brassard, B., 2026 - Technical Report on the Shipshaw Property (NI 43-101), effective date 17 February 2026; filed on SEDAR+ at www.sedarplus.ca.
4. Desbiens, S., 2010 - Assessment report GM 65544, Ministère des Ressources naturelles du Québec (EXAMINE: gq.mines.gouv.qc.ca).
5. Block, M., 2011 - Assessment report GM 66096, Ministère des Ressources naturelles du Québec.
6. Géologie Québec (Ministère des Ressources naturelles et des Forêts), 2024 - Metallogenic bulletin BM 2024-02, Waswanipi-Saguenay carbonatite corridor.
7. GESTIM, Ministère des Ressources naturelles et des Forêts du Québec - mineral titles register (claim areas and boundaries; export 19 July 2026).
8. Vallières, D., et al., 2013 - NI 43-101 Technical Report, Update on Niobec Expansion, December 10, 2013, prepared for IAMGOLD Corporation and Niobec Inc.; mineral resources as of December 31, 2012. Filed on SEDAR.
9. St-Hilaire, C., 2010 - Rapport d'interprétation d'un levé magnétique héliporté, Projet Shipshaw, Saint-Honoré, Québec, for DIOS Exploration Inc.; assessment report GM 65540, Ministère des Ressources naturelles du Québec.
MESA, Ariz.--(BUSINESS WIRE)--Iveda® (NASDAQ: IVDA), a global leader in video intelligence solutions, today announced a long-term partnership with Abitronix, a global technology advisory and professional services company, and the official launch of AbitronixAI, Powered by Iveda. Through this new initiative, Abitronix will bring IvedaAI to its established network of customers and partners throughout the New York tri-state region while creating a foundation for broader market expansion. The partn.
Toronto, Ontario--(Newsfile Corp. - October 20, 2026) - Royal Road Minerals Limited (TSXV: RYR) (OTCQB: RRDMF) ("Royal Road" or the "Company") announces results from surface sampling and geological mapping at El Alemán, part of its Güíntar-Alemán-Margaritas ("GAM") project in Antioquia, Colombia (Figure 1).
New surface sampling at El Alemán has returned 51 meters at 1.12 grams per tonne gold, including 20 meters at 2.21 grams per tonne gold, from a continuous, saw-cut channel across a system of parallel gold-bearing veins exposed in historical artisanal workings. The channel was cut horizontally, perpendicular to the strike of the vein system, which dips approximately 75° towards the north. Based on the measured vein orientation, the estimated true thickness is approximately 49 meters, including 19 meters at 2.21 grams per tonne gold.
Previous drilling at El Alemán intersected 80.5 meters at 1.0 gram per tonne gold, including 18 meters at 3.0 grams per tonne gold, from a downhole depth of 323 meters in drill hole ALM-DD-001 (not true widths and the Company does not have sufficient information to estimate true widths; see press release June 28, 2022).
Structural measurements indicate that the surface vein system projects toward this previous drill intersection, approximately 400 meters down dip. The mineralized system has a mapped and interpreted strike extent of at-least 300 meters. Royal Road is preparing to drill test the continuity, grade and true thickness of the gold mineralization between the surface exposures and the previous drill intersection.
El Alemán is located approximately 500 meters northwest of the Güíntar porphyry, where the Company is currently drilling (see press release September 14, 2026). The gold-bearing sheeted-vein system is interpreted to form part of the broader Güíntar mineralized complex and represents an additional potential source of gold mineralization within the GAM project.
"At El Alemán we have a broad, gold-bearing vein system exposed at surface and a significant gold intersection at depth. Structural mapping provides a compelling geological basis for connecting the two," said Dr. Tim Coughlin, Royal Road's President and CEO. "Our immediate objective is to test that continuity and establish the geometry and grade of a potentially mineable gold system that would complement the larger-scale porphyry and skarn-style mineralization at Güíntar, where drilling is currently underway, and at other prospect areas within the GAM project."
About the GAM Project
The GAM project is wholly owned by Royal Road and is located approximately 50 kilometers west of Medellín in the Department of Antioquia, Colombia (see Figure 1). The Project comprises the Güíntar and Margaritas Mining Concession Contracts, in addition to the El Alemán Mining and Chuscalita Mining Concession Contracts. The Güíntar and Margaritas Mining Concession Contracts were obtained through Royal Road's acquisition of Northern Colombia Holdings Limited, a wholly owned subsidiary of AngloGold Ashanti Limited (see press release May 31, 2019). El Alemán and Chuscalita are subject to option agreements pursuant to which Royal Road holds the exclusive right to acquire a 100% interest (see press releases January 12, 2026, and December 14, 2021).
About Royal Road Minerals:
Royal Road Minerals is a mineral exploration and development company with its head office and technical-operations center located in Jersey, Channel Islands. The Company is listed on the TSX Venture Exchange under the ticker RYR, on the OTCQB under the ticker RRDMF and on the Frankfurt Stock Exchange under the ticker RLU. The Company's mission is to apply expert skills and innovative technologies to the process of discovering and developing copper and gold deposits of a scale large enough to benefit future generations and modern enough to ensure minimum impact on the environment and no net loss of biodiversity. The Company currently explores in the Kingdoms of Saudi Arabia, Morocco and in Colombia. More information can be found on the Company's website www.royalroadminerals.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The scientific and technical information contained in this news release has been prepared, reviewed and approved by Dr. Tim Coughlin, BSc (Geology), MSc (Exploration and Mining Geology), PhD, FAusIMM, President and Chief Executive Officer of Royal Road Minerals Limited and a Qualified Person as defined under National Instrument 43-101.
Cautionary statement:
This news release contains certain statements that constitute forward-looking information and forward-looking statements within the meaning of applicable securities laws (collectively, "forward-looking statements") describing the Company's future plans and the expectations of its management that a stated result or condition will occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or developments in the Company's business or in the mineral resources industry, to differ materially from the anticipated results, performance, achievements or developments expressed or implied by such forward-looking statements. Forward-looking statements include all disclosure regarding possible events, conditions or results of operations that is based on assumptions about, among other things, future economic conditions and courses of action, and assumptions related to government approvals, and anticipated costs and expenditures. The words "plans", "prospective", "expect", "intend", "intends to" and similar expressions identify forward-looking statements, which may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements of the Company contained in this news release, which may prove to be incorrect, include, but are not limited to the Company's exploration plans.
The Company cautions you not to place undue reliance upon any such forward-looking statements, which speak only on the date they are made. There is no guarantee that the anticipated benefits of the Company's business plans or operations will be achieved. The risks and uncertainties that may affect forward-looking statements include, among others: economic market conditions, anticipated costs and expenditures, government approvals, and other risks detailed from time to time in the Company's filings with Canadian provincial securities regulators or other applicable regulatory authorities. Forward-looking statements included herein are based on the current plans, estimates, projections, beliefs and opinions of the Company management and the Company does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change.
Quality Assurance and Quality Control
Sample preparation and analyses are conducted according to standard industry procedures. Drill core and saw-cut channel samples are crushed, split and pulverized prior to analysis of Gold by fire assay and Atomic Absorption and multi-elements by ICP-AES and ICP-MS after four acid digestion. Analytical performance is monitored by means of certified reference materials (CRMs), coarse blanks, coarse and pulp duplicate samples. Surface samples have been prepared in ALS Chemex preparation lab in Colombia and analyses have been completed in ALS Chemex Lima.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319940
Source: Royal Road Minerals Limited
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Oil Holds Its Risk Premium as Houthi Strikes Offset Russia Relief Crude markets start the week with uncertainty after the US softened its stance on buying Russian oil, while the attack on Saudi’s energy facilities last weekend drew wider concern.
Brent: Saudi Supply in the Crosshairs Yemen’s Houthi rebels claimed responsibility for multiple attacks over the weekend, including attacks on Saudi energy and airport infrastructure and the Shaybah oilfield. According to ING, the market remains at risk premium due to the heightened war risk.
Russian supplies are also coming under increased pressure. A series of drone attacks by Ukraine over the weekend set fire to an oil terminal and a nearby depot in St. Petersburg. The terminal, according to Kpler, exports approximately 120,000 bpd of refined petroleum products.
However, the other way on the scale is President Trump’s executive order from Friday, which removed sanctions and tariffs relating to Russia, including penalties on countries buying Russian energy.
WTI: Inventories Back in Focus Inventories are likely back in focus for WTI after a week of solid gains last week. The Cushing stock build last week was smaller than expected and markets will now look toward EIA inventory data for further insight.
A Reuters poll showed crude and products stockpiles are expected to have dropped last week. Data shows US stockpiles have been declining over the last couple of weeks, which keeps the focus on domestic supply ahead of the EIA’s report this week. The Nov WTI contract expires on Tuesday.
Natural Gas: Mild Weather Versus Record LNG Pull On Monday, expectations for milder weather cut forecasts for heating demand, which countered bullish factors like small storage builds, lower production and LNG demand. On average, LNG feedgas has been at 18.1 bcfd. Lower 48 production averaged 111.3 bcfd.
Two opposing factors influenced the gas and LNG market this week. LNG feedgas hit a new high at 20.7 bcfd. Meanwhile, Columbia Gas restored 1.9mn Dth/d of capacity, bringing supply back to Appalachia. While that has increased supply in the US, the attack on ships in the Middle East has limited global LNG supply, making it more difficult for Europe to restock for the winter.
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Natural Gas Technical Analysis: NG Slips Below $3.03 as $2.97 Support Comes Into Focus
Natural Gas (NG) Price Chart Natural gas is currently trading at around $3.01/MMBtu, and what’s notable is the sustained selling following last week’s triangle breakdown. The most recent bounce ended at $3.09 and price has fallen below the previous support of $3.03 and $3.05. The moving averages are both falling, and the faster moving average is still below the slower moving average, which keeps the short-term trend bearish.
The first major support I’m looking at is at $2.97. If that support is breached, then $2.91 would be the next support and that would also be a breakdown of the previous uptrend that started from the early October lows. If that happens, then $2.87 would be the next support.
Resistance is at $3.03, $3.09 and $3.15. The RSI is at 34, and still bearish. A recovery above $3.03 would also negate the bearish case, and so would a move above $3.09. I would also add that if $3.09 is broken, then a more serious move to the upside could take place. From there a return to $3.15 would still be in the realm of possibility.
WTI Technical Analysis: USOIL Holds $98.09 as $99.72 Remains the Key Breakout Test
WTI Price Chart WTI crude is at $98.67 on the 1 hour chart. On the upward channel from mid-October, the price has tested lower levels and been defended by the lower level of the channel. Twice the price has tried to break out at $99.72 and has formed a double top with the last high from October 10th. For now, the price is above both moving averages.
$99.72 is the first major resistance. If this breaks, $100.86, and the channel upper level, would be the next target. $98.09 and the lower channel line would provide support, followed by $97.65. Even lower $96.73 and $95.34 would provide support.
RSI is at 55 and falling, signaling that a drop may occur, but the lower level of the channel continues to be defended, so a drop may be short-lived.
If $98.09 and the channel lower level is defended, I would view the outlook as slightly bullish. A break of $99.72 would provide a better outlook. A close below $96.73 would flatten the channel.
Brent Technical Analysis: UKOIL Holds $109.97 as $111.07 Comes Into Focus
Brent Price Chart Brent is trading at $109.92 as of the 1-hour chart. What I find important is how strongly the breakout from the contracting triangle held. The previous resistance at $107.00 to $107.57, which rejected price 3 times, has since turned to support. A rising trendline is also supporting the lows, while both moving averages are still far from price and are pointing up.
The first resistance I am looking at is $111.07, where the last leg of the move higher stopped. Breaking through that would bring $112.08 into play. Supporting the move lower would be the $109.97 pivot level, then the rising trendline and $108.83. Further down, the $108.14 level and the previous breakout of $107.57 would come into play.
RSI is at 59, and is headed lower, and has slipped just below the signal line at 62. That suggests bullish momentum and a mild uptrend is still in place. However, that may change if price breaks below $108.83.
I am leaning slightly bullish, and would expect $108.83 to act as support. I would also expect $111.07 to be a stiff resistance, and possibly a breakout level to the upside. A close below $107.57 would bring the contracting triangle into question.
The "Magnificent Seven" are a collection of the leading tech stocks on U.S. markets, and they've normally been excellent investments to own. This year, however, as excitement around artificial intelligence (AI) has begun to cool, some of those stocks simply haven't been doing all that well. Tesla, for instance, is down 18%.
The top performer from the group is Apple, which has risen by 26% thus far. That's a great, market-beating return, but it's still nowhere near as good as how one top dividend stock has done: Target (TGT -0.63%). Shares of the big-box retailer are up a staggering 57%.
What's the deal with Target's rally this year? Here's why it's been overdue, and why it may still be worth buying.
Image source: Getty Images.
Target's valuation has been too low for too longAlthough Target's stock has been doing incredibly well this year, in five years, it's still down 39%. For multiple years, it has been performing poorly, and the last time it was in positive territory was in 2021, when it rose by 31%. As consumers have pulled back on discretionary spending, Target's stock has suffered.
Now, however, with a new CEO and the company showing signs of progress in recent earnings reports, the market has begun to pay attention to the retail stock once again.
But to be clear, it's not as if the business is booming. Its growth rate in its most recent quarter (which ended on Aug. 1) was just 5.3%, and the comparable growth rate was only 3.6%. It's also going up against weak comparables, so while its numbers are decent, they aren't amazing.
But when you combine that with its low valuation and high dividend, it has made for a much more compelling investment to own this year, and that's why I believe it can still go higher.
TGT Target$153.29-$0.97 (-0.63%)
NYSE · As of 4:00 PM ET 10/19/26
The stock remains incredibly cheap compared to the overall marketDespite its tremendous rally this year, Target is still trading at a fairly modest price-to-earnings (P/E) multiple of just 16, which is far below the S&P 500 average of around 23. And rival Walmart trades at a P/E of 43, making Target look incredibly cheap by comparison.
An extra incentive to own Target's stock is also for its dividend, which currently yields 3%, far higher than the market average of about 1%. It has also consistently raised its payout for 55 consecutive years.
Target's stock can still be an excellent buy at its current price point, both for its potential upside and the dividend income it can generate.
CoreWeave (CRWV -0.44%), an AI cloud infrastructure provider, closed at $61.12, down 0.44%. The stock moved after Goldman Sachs upgraded it to Buy and raised its target price, while investors are watching the late-October results.
Trading volume reached 99.1M shares, coming in about 198% above its three-month average of 33.3M shares. CoreWeave IPO'd in 2025 and has grown 53% since going public.
How the markets moved todayS&P 500 (SNPINDEX: ^GSPC) closed at 7,691, up 0.42%, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) finished at 26,431, up 1.11%. In artificial intelligence cloud infrastructure and data center compute services, sector rivals Nebius Group closed at $170.24, up 2.88%, and IREN closed at $27.73, up 2.74%.
What this means for investorsGoldman's move seems to represent a contrarian view of the cloud stock, which had traded near 52-week lows before the upgrade.
The stock plummeted last week as Reuters highlighted bond stress, noting that the company's debt, which was over $35 billion at the end of the second quarter of 2026, had weighed on the company.
Goldman made it clear it saw things differently with its upgrade. It believes that its average recurring revenue (ARR) per megawatt is "biased to the upside" due to the industry's tight supply of neocloud infrastructure, meaning it should earn enough revenue to service debt and expand capacity.
To be clear, this is a question of perception, as the company has not experienced a formal downgrade in its bond rating. Still, as a former CoreWeave shareholder, I perceived the debt risk as serious and moved to the sidelines this past summer.
Indeed, Goldman could be right if the high demand for infrastructure remains in place as predicted. Moreover, the distressed debt affects the ability to issue more debt. That means the company should remain stable as long as it services existing debt, but growth may also slow if it cannot finance as much additional construction.
However, amid the likely need for more capital and the rising cost and difficulty of obtaining it, I think watching this stock rather than buying it is the more prudent move for now.
CoreWeave Inc. (NASDAQ:CRWV) shares are climbing Monday after Goldman Sachs upgraded the stock to Buy from Neutral, even as it cut its price target to $106 from $139.
CoreWeave stock is showing upward momentum. Where are CRWV shares going? Goldman Upgrades CoreWeave After a 43% Drop, Saying Investors Overestimate Its Cost of CapitalGoldman Sachs analyst Gabriela Borges said the $106 target implies about 73% upside from Friday’s $61.39 close. CoreWeave is down 43% since reporting second-quarter results on August 11, including a 24% drop over the last five sessions, which Borges attributed to credit-market volatility and a debate over demand for frontier versus off-frontier AI models.
She argued that investors are overestimating CoreWeave’s future cost of capital and underestimating potential improvements in its returns. "We see CoreWeave’s enterprise value as being directly correlated to the magnitude and durability of the spread between its unlevered IRR and WACC," Borges wrote. Goldman still flags financing at an acceptable rate and a changing demand mix as risks.
Goldman’s analysis points to pricing for short-term compute contracts of three to six months reaching about $40 million per megawatt, and to CoreWeave raising prices by 25% in July and another 10% in October. The new target is based on 18 times estimated EBIT for the fifth through eighth quarters out, down from the 22 times implied by the old $139 target. Credit worries intensified last week as the yield on CoreWeave’s 2032 bonds neared 15%.
Read Next
CoreWeave Shares Trend HigherCRWV Price Action: At the time of publication, CoreWeave shares are trading 2.20% higher at $62.74, according to data from Benzinga Pro.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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OSAKA, Japan & CAMBRIDGE, Mass.--(BUSINESS WIRE)--Takeda (TSE:4502/NYSE:TAK) announced new data from VERDICT (NCT04259138), showing that treating adults with intravenous ENTYVIO® (vedolizumab) to achieve corticosteroid-free (CSF) disease clearance versus CSF symptomatic remission alone, resulted in a significantly longer time to first ulcerative colitis (UC)-related complication (hazard ratio 0.33 [95% confidence interval 0.17-0.67]; P=0.0014), reducing UC complication risk by nearly 70 percent.
Pershing Square Inc. (PS -4.69%), the investment firm founded and run by Bill Ackman, went public in April, and the stock has soared since then.
It opened at $24 per share on April 29 as part of a combined initial public offering with the firm's Pershing Square USA fund. Since then, PS stock skyrocketed to a high of $60 per share on Oct. 7 -- a 150% gain at its peak.
But shares have plummeted over the past week, down some 25% from their Oct. 7 peak to $45 per share. The catalyst is two recent Wall Street downgrades.
Pershing Square CEO Bill Ackman. Image source: Getty Images.
Citi and BofA downgrade PS Last week, analysts at Citi slapped it with a sell rating, down from neutral, but maintained its $45-per-share price target. Citi cited its high valuation, trading at 54 times forward earnings expectations.
Citi lowered its earnings projections for Pershing Square in 2027 to $0.89 per share from $1.01 per share in 2027. The reduced earnings estimates are tied to tepid investment performance of Pershing Square's funds, including its two largest, Pershing Square Holdings and Pershing Square USA. And given the uncertain market ahead, Citi expects modest returns over the next year.
Still, even with the reduced expectations, the $0.89 in earnings per share would be a significant increase over the estimated $0.51 per share adjusted earnings that analysts project for 2026. So it's really more about the high valuation, as the stock came charging out of the gates in April.
This week, BofA followed suit, downgrading Pershing Square stock to underperform, from neutral, and lowering its price target from $54 per share to $38 per share.
$44.48-$2.19 (-4.69%)
NYSE · As of 4:00 PM ET 10/16/26
The $38-per-share target would suggest a 15% decline over the next 12 months for the stock.
Analysts at BofA largely expressed the same concerns -- the high valuation in the face of modest or negative returns. Pershing Square generates a significant amount of revenue from investment management fees, so when asset levels drop, fees decline as well.
Should you buy or sell? Pershing Square stock has had a great run since its IPO, but it appears to be a victim of its own success. The stock looks overvalued, and investors likely took some profits when it peaked at 60.
Looking ahead, it plans to launch a new fund, Pershing Square Ventures, a private equity fund that will offer investors access to pre-IPO stocks, by the end of 2026. This could help balance out the firm's revenue stream.
Also, Pershing Square owns a controlling stake in real estate developer Howard Hughes Holdings. The company just acquired specialty insurer Vantage Group Holdings. With this addition, Ackman said in his Q2 letter to shareholders that this positions Howard Hughes Holdings to be a "modern-day Berkshire Hathaway" -- referencing the float model where the company could use the cash to invest in other assets.
Citi cited this business as a potential upside catalyst.
While Pershing Square does have solid growth expectations, it's just a bit too overvalued right now. But investors may want to keep it on their radar and look for a better entry point.
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
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What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
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Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +23.82% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Target (TGT - Free Report) Founded in 1902, Target Corporation offers guests fashionable, differentiated merchandise and everyday essentials at discounted prices. Its assortment spans the company’s core merchandise categories, including Apparel & Accessories, Beauty, Food & Beverage, Hardlines, Home Furnishings & Décor, and Household Essentials. Target enables guests to purchase products seamlessly in stores or through its digital channels, and it leverages stores as fulfillment hubs. In addition to merchandise sales, Target generates revenues from other sources, most notably advertising revenues and credit card profit-sharing income. Other capabilities include Roundel, Target Plus and membership fees, including paid Target Circle 360. Target’s Shipt subsidiary facilitates delivery services, including same-day delivery to guests.
TGT is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 14.89; value investors should take notice.
14 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2027. The Zacks Consensus Estimate has increased $1.99 to $10.43 per share. TGT boasts an average earnings surprise of +10.5%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, TGT should be on investors' short list.
Target Corporation TGT has been drawing investor attention as its improving business performance and strategic growth initiatives strengthen its long-term prospects. The retailer's focus on merchandising innovation, expanding digital capabilities and enhancing the customer shopping experience has supported its growth momentum.
Eupraxia reached its target enrollment of 120 patients in the Phase 2b placebo-controlled blinded portion of the RESOLVE trial
The Company has a statistical team who are doing periodic reviews of the unblinded data to ensure that the statistical assumptions and sample size on efficacy are adequate and do not need to be revised. These reviews have confirmed that the sample size as designed does not need to be adjusted
Within both parts of the RESOLVE trial (open-label Phase 1b/2a and placebo-controlled Phase 2b), over 3,000 injections of EP-104GI or vehicle have been administered with no treatment-related Serious Adverse Events (SAEs)
Interim analysis of the Phase 2b portion of the study is on track for December 2026
VANCOUVER, British Columbia, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Eupraxia Pharmaceuticals Inc. ("Eupraxia" or the "Company") (NASDAQ:EPRX) (TSX:EPRX), a clinical-stage biotechnology company leveraging its proprietary Diffusphere™ technology designed to optimize local, controlled drug delivery for applications with significant unmet need, today announced that the ongoing RESOLVE study evaluating the safety and efficacy of EP-104GI for the treatment of Eosinophilic Esophagitis (“EoE”) has reached its enrollment target.
"This is a significant milestone for the RESOLVE trial and the development of EP-104GI as a potential treatment option in EoE” said Dr. James Helliwell, Chief Executive Officer of Eupraxia. “We look forward to our interim analysis in December where we will be reporting on symptoms, histologic findings and safety in the first 60 patients in Phase 2b to reach 6 months. Data will also be available on the patients at 3, 9- and 12-month timepoints giving a fulsome interim look at the RESOLVE Trial”.
“We’re very encouraged by the blinded safety data that we have seen in the Phase 1b/2a and Phase 2b study to date,” said Dr. Jeymi Tambiah, Chief Medical Officer of Eupraxia. “The tolerability of the injection procedure, and of the drug, will be an important factor in determining how EP-104GI may be adopted by both patients and treating physicians if approved by the FDA. With over 3,000 injections completed and many patients having now been followed for 52 weeks, EP-104GI has been generally well-tolerated, and there have been no treatment-related SAEs to date.”
More details regarding the RESOLVE clinical trial and enrollment:
The Phase 2b placebo-controlled blinded portion of the RESOLVE trial is evaluating doses of 120mg (20x6mg) and 160mg (20x8mg) of EP-104GI compared to vehicle control, in 120 patients randomized 1:1:1.On October 12th, 2026, Eupraxia enrolled and treated its 120th patient in the placebo-controlled blinded portion of the RESOLVE trial, reaching its enrollment target.Patients who have completed screening and qualification for the trial may still be dosed resulting in a final number dosed greater than 120 patients.A sequestered data management group within Eupraxia has been conducting periodic reviews of the data. During these reviews, they ensure that the statistical assumptions on efficacy are adequate and do not need to be revised. These reviews have indicated that the sample size as designed does not need to be adjusted to support the study’s statistical objectives and that no increase in enrollment is required.To date, the Phase 1b/2a and Phase 2b portions of the RESOLVE trial have demonstrated that EP-104GI has been generally well-tolerated and there have been no treatment-related SAEs. About the RESOLVE Trial
The Phase 1b/2a portion of the RESOLVE trial is a multicenter, open-label, dose-escalation study evaluating the safety, tolerability, pharmacokinetics, and efficacy of EP-104GI in adults with a history of confirmed active EoE. The treatment is administered as a single dose via 4 to 20 esophageal wall injections, with dose escalations modifying either the dose per site and/or the number of sites. Patients were followed for up to 24 weeks in Cohorts 1-4 (4x1mg, 8x1mg, 8x2.5mg and 12x2.5mg) or 52 weeks in Cohorts 5-9 (12x4mg, 16x4mg, 20x4mg, 20x6mg and 20x8mg). Eupraxia plans to disclose additional data from the open-label Phase 1b/2a portion of the RESOLVE trial in the coming months.
The Phase 2b portion of the RESOLVE trial, a randomized placebo-controlled study of EP-104GI, is evaluating both the 120mg (20x6mg) and 160mg (20x8mg) doses. The interim data from the Phase 2b portion of the RESOLVE trial are expected in December 2026.
About Eosinophilic Esophagitis (EoE)
EoE is an inflammatory-mediated disease in which white blood cells migrate into and become trapped in the esophagus, creating pain and difficulty with swallowing food. According to market research from Clearview Healthcare Partners, EoE affects more than 450,000 people in the United States and has been identified by the American Gastroenterological Association as rapidly increasing in both incidence and prevalence. Impacts from both symptoms and interventions frequently lead to mental health issues, compounding the disease burden of EoE for both the healthcare system and the individual.
About Eupraxia Pharmaceuticals Inc.
Eupraxia is a clinical-stage biotechnology company focused on the development of locally delivered, extended-release products that have the potential to address therapeutic areas with high unmet medical need. Diffusphere™, a proprietary, polymer-based micro-sphere technology, is designed to facilitate targeted drug delivery of both existing and novel drugs. The technology is designed to support extended duration of effect and delivery of drugs in a hyper-localized fashion, targeting only the tissues that physicians are wanting to treat. We believe the potential for fewer adverse events may be achieved through the precision targeting and the stable and flat delivery of the active ingredient when using the Diffusphere™ technology, versus the peaks and troughs seen with more traditional drug delivery methods. The precision of Eupraxia's Diffusphere™ technology platform has the potential to augment and transform existing FDA-approved drugs to improve their safety, tolerability, efficacy and duration of effect. The potential uses in therapeutic areas may go beyond pain and inflammatory gastrointestinal disease, where Eupraxia currently is developing advanced treatments, to also be applicable in oncology, infectious disease and other critical disease areas.
EP-104GI and the Diffusphere™ technology platform are investigational products. Their effects on safety, tolerability, efficacy, and duration of effect have not been established and require evaluation in appropriate clinical studies.
Eupraxia's EP-104GI is currently in a Phase 1b/2 trial, the RESOLVE trial, for the treatment of EoE. EP-104GI is administered as an injection into the esophageal wall, providing local delivery of drug. This is a unique treatment approach for EoE. In addition, Eupraxia is developing a pipeline of later and earlier-stage long-acting formulations. For further details about Eupraxia, please visit the Company's website at: www.eupraxiapharma.com.
Notice Regarding Forward-looking Statements and Information
This news release includes forward-looking statements and forward-looking information within the meaning of applicable securities laws. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "is expected", "expects", “on track”, “target”, “estimates”, “look forward”, “designed to”, "suggests", “indicates”, "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes", "potential" or variations (including negative and grammatical variations) of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this news release include statements regarding the conclusions of the sample size analysis/re-estimation; the final number of patients to be dosed in the Phase 2b portion of the RESOLVE trial; the expected timing, scope and content of the Phase 2b interim analysis; the interpretation of safety and tolerability data from the RESOLVE trial; the potential adoption of EP-104GI by patients and physicians; the incidence, prevalence and growth of EoE; the Company's expected timing of reporting additional data; the interpretation of data from the RESOLVE trial, including symptom response; the Company’s expected timing of reporting additional data from the RESOLVE trial, including the Phase 2b portion thereof; the Company's product candidates, including their expected benefits with respect to safety, tolerability, efficacy and duration of effect and their potential use in therapeutic areas beyond pain and inflammatory gastrointestinal disease; the expectations regarding the advancement of the Company’s product candidates through clinical development; the results of clinical trials of the Company's product candidates; the potential for the Company’s technology to impact the drug delivery process; the potential market opportunity for the Company’s product candidates; and potential pipeline indications. Such statements and information are based on the current expectations of Eupraxia's management, and are based on assumptions, including but not limited to: the RESOLVE trial continuing to be conducted as currently designed; the accuracy of the sample size analysis and the assumptions on which it was based; the accuracy of third-party market research; future research and development plans for the Company proceeding substantially as currently envisioned; industry growth trends, including with respect to projected and actual industry sales; the Company's ability to obtain positive results from the Company's research and development activities, including clinical trials; and the Company's ability to protect patents and proprietary rights. Although Eupraxia's management believes that the assumptions underlying these statements and information are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this news release may not occur by certain dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting Eupraxia, including, but not limited to: risks and uncertainties related to the Company's limited operating history; the Company's novel technology with uncertain market acceptance; if the Company breaches any of the agreements under which it licenses rights to its product candidates or technology from third parties, the possibility that the Company could lose license rights that are important to its business; the possibility that the Company's current license agreement may not provide an adequate remedy for its breach by the licensor; the possibility that the Company's technology may not be successful for its intended use; the fact that the Company's future technology will require regulatory approval, which is costly and the Company may not be able to obtain it; the possibility that the Company may fail to obtain regulatory approvals or only obtain approvals for limited uses or indications; the possibility that the Company's clinical trials may fail to demonstrate adequately the safety and efficacy of its product candidates at any stage of clinical development; the possibility that the Company may be required to suspend or discontinue clinical trials due to side effects or other safety risks; the fact that the Company completely relies on third parties to provide supplies and inputs required for its product candidates and services; the potential impact of tariffs on the cost of the Company’s active pharmaceutical ingredients and clinical supplies of EP-104GI; the fact that the Company relies on external contract research organizations to provide clinical and non-clinical research services; the possibility that the Company may not be able to successfully execute its business strategy; the fact that the Company will require additional financing, which may not be available; the fact that any therapeutics the Company develops will be subject to extensive, lengthy and uncertain regulatory requirements, which could adversely affect the Company's ability to obtain regulatory approval in a timely manner, or at all; the impact of health pandemics or epidemics on the Company's operations; the Company's restatement of its consolidated financial statements, which may lead to additional risks and uncertainties, including loss of investor confidence and negative impacts on the Company's common share price; and other risks and uncertainties described in more detail in Eupraxia's public filings on SEDAR+ (sedarplus.ca) and EDGAR (sec.gov). Although Eupraxia has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements and information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement or information can be guaranteed, and readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable securities laws, forward-looking statements and information speak only as of the date on which they are made and Eupraxia undertakes no obligation to publicly update or revise any forward-looking statement or information, whether as a result of new information, future events or otherwise.
For investor and media inquiries, please contact:
Company and Investor Contact
James Meikle, Eupraxia Pharmaceuticals Inc.
236-330-7084 [email protected]
or
Kevin Gardner, on behalf of:
Eupraxia Pharmaceuticals Inc.
617-283-2856 [email protected]
Media Contact
Jason Braco, PhD
Valence Communications [email protected]
VANCOUVER, British Columbia, Oct. 15, 2026 (GLOBE NEWSWIRE) -- GoldHaven Resources Corp. ("GoldHaven" or the "Company") (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) is pleased to report interpretation results from the 2026 induced polarization ("IP") survey completed at its Three Guardsmen Project. The results define a broad geophysical horizon characterized by moderate chargeability and moderate-to-low resistivity that is interpreted as prospective for disseminated sulphide mineralization and is spatially aligned with previously reported high-grade copper-bearing skarn samples.
Highlights
All three completed IP lines detected a moderately chargeable, moderate-to-low resistivity horizon interpreted as prospective for disseminated sulphide mineralization.Cross-sections and depth inversions indicate the interpreted horizon has an apparent width of more than 50 metres, with an approximate strike and dip of 060/30 to the southwest.The interpreted near-surface trend is on strike with numerous 2025 grab samples grading greater than 2% Cu, including three samples above 12% Cu and a previously reported high of 15.85% Cu.The 250-metre inversion indicates the main anomaly may thicken at depth, while a second deeper anomaly is also present farther north of the principal target area.The combination of Fe-Cu-Mo mineralization, magnetite-bearing skarn and the geophysical response strengthens the Company’s working model for a larger hydrothermal system and provides a clear basis for follow-up targeting. CEO Commentary
“These IP results give us the first subsurface geophysical evidence that the high-grade copper mineralization we identified at surface may be associated with a broader and more continuous sulphide-bearing system. The fact that the interpreted horizon extends across all three survey lines, exceeds 50 metres in apparent width and appears to broaden at depth is an important advancement in our understanding of Three Guardsmen. We now have a much clearer framework for prioritizing the next phase of exploration and evaluating the potential source of the copper-rich skarn mineralization,” commented Rob Birmingham, President & CEO of GoldHaven.
IP Survey Results
The 2026 IP program comprised three overlapping survey lines oriented northwest-southeast across the principal target area. Despite difficult terrain and access constraints, each line detected a similar geophysical horizon characterized by moderate chargeability and moderate-to-low resistivity.
Chargeability measures the ability of subsurface materials to retain an electrical charge after an applied current is removed, while resistivity measures resistance to electrical current. In combination, a chargeable and relatively conductive response can be consistent with disseminated sulphide mineralization, although geophysical responses are not unique and require geological follow-up.
Interpretation of the cross-sections and inversion models indicates the prospective horizon has an apparent width exceeding 50 metres and an approximate strike and dip of 060/30 to the southwest. Importantly, the interpreted trend is on strike with numerous high-grade copper grab samples collected during the Company’s 2025 field program.
Figure 1. Approximately 50 m depth inversion of resistivity data over the 2026 IP survey area. The interpreted prospective horizon trends along strike from previously reported high-grade copper grab samples.
High-Grade Surface Mineralization Supports the Target
The interpreted geophysical horizon is spatially associated with the broader mineralized trend identified from surface sampling. Previously reported 2025 grab samples returned copper values of 15.85% Cu, 12.75% Cu and 12.65% Cu, with 25 grab samples returning greater than 1% Cu. Mineralized samples contain visible chalcopyrite, bornite and magnetite and occur within sulphide-rich skarn pods.
Several samples from these skarn occurrences also returned elevated iron values, reaching the upper analytical detection limit of 50% Fe, defining an Fe-Cu assemblage along strike from the geophysical anomaly. Samples farther north include moderate copper values of up to approximately 2,000 ppm Cu and molybdenum values of up to approximately 9,000 ppm Mo associated with visible molybdenite.
Anomaly Appears to Strengthen at Depth
The deeper inversion model at approximately 250 metres depth indicates that the principal anomaly may broaden or thicken with depth. A second anomaly is also evident farther north of the main target, although this feature is less constrained and has not been ground-truthed by surface sampling. The apparent strengthening of the principal anomaly at depth may reflect an expanding structure or increasing proximity to a heat source; additional work is required to test this interpretation.
Figure 2. Approximately 250 m depth inversion of resistivity data showing the interpreted main anomaly at depth and a second anomaly farther north. High-iron surface samples occur along strike from the principal target area.
Evolving Porphyry-Skarn Exploration Model
The survey results, when integrated with the Company’s surface sampling and geological mapping, support the presence of a prospective Fe-Cu-bearing skarn system. GoldHaven’s geological team considers the combination of Fe-Cu-Mo mineralization, magnetite-bearing skarn, intrusive rocks and the broad geophysical response to be consistent with a hydrothermal system that warrants further evaluation for a potential intrusive source at depth.
The Company notes that Fe-Cu skarn alteration can occur in association with calc-alkaline porphyry systems, including the Island Copper district in British Columbia. This comparison is geological in nature only; no inference is made that mineralization at Three Guardsmen is comparable in size, grade or economic significance to any other deposit or district.
Next Steps
GoldHaven will integrate the finalized IP interpretation with geological mapping, geochemistry and structural information to refine priority targets for future exploration. Follow-up work will focus on better constraining the geometry and source of the principal anomaly, evaluating the deeper northern anomaly and determining the most effective approach to drill testing the interpreted mineralized system.
About the Three Guardsmen Project
The Three Guardsmen Project comprises approximately 16,234 hectares and is prospective for copper-gold skarn and porphyry-style mineralization. Exploration completed to date has identified numerous copper-bearing skarn occurrences across the property, including multiple high-grade copper samples. GoldHaven believes these occurrences may represent the distal expression of a larger mineralizing system concealed beneath the project area.
Historical Sampling QA/QC
The historical rock sample results referenced in this news release were previously disclosed in the Company’s news release dated December 9, 2025. Details regarding sampling procedures, quality assurance and quality control protocols, analytical methods, laboratory information and Qualified Person disclosure are contained in that news release.
Cautionary Statement Regarding Grab Samples
The grab sample results referenced in this news release are selective in nature and may not be representative of the mineralization present on the property. Readers are cautioned not to place undue reliance on grab sample results.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Raymond Wladichuk, P.Geo., a non-independent Qualified Person as defined by National Instrument 43-101 and a consultant to the Company.
Marketing Agreement
Further to the Company’s news release dated July 7, 2026 (the “Previous News Release”), the Company wishes to announce that it has increased the maximum budget under its marketing agreement dated July 6, 2026, with Gold Standard Media, LLC (“Gold Standard”) by an additional US$500,000 in cash (the “Additional Fee”) to support a targeted one-month marketing campaign commencing on November 1, 2026, or such other date as may be mutually agreed upon by the parties. The campaign will involve increased financial publishing and digital marketing, including the creation of landing pages, native advertising, email marketing and influencer endorsements.
Gold Standard’s services are expected to continue until July 6, 2027, and no securities have been provided to Gold Standard or its principals as compensation. Please refer to the Previous News Release for additional information regarding the engagement.
Gold Standard's principal is Kenneth Ameduri and its business address is 723 W. University Ave., #110-283, Georgetown, TX 78626. Gold Standard can be contacted at [email protected] or through its website at www.goldstandardir.com.
About GoldHaven Resources Corp.
GoldHaven Resources Corp. is a Canadian junior exploration company focused on advancing highly prospective mineral projects in North and South America. The Company’s flagship asset is the district-scale Magno Project in the Cassiar District of northern British Columbia. GoldHaven also owns the Three Guardsmen copper-gold project in British Columbia and the Copeçal Gold Project in Mato Grosso, Brazil. In addition, the Company holds a portfolio of critical mineral projects in Brazil.
On Behalf of the Board of Directors
Rob Birmingham, Chief Executive Officer
For further information, please contact:
Rob Birmingham, CEO
www.GoldHavenresources.com [email protected]
Office Direct: (604) 629-8254
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward Looking Information
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, those listed below under the heading “Forward-Looking Statements in This News Release” are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "will",
"expects", "anticipates", "intends", "estimates", "plans", "may", "should", "potential", "scheduled", or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that there will be investor interest in future financings, market fundamentals will result in sustained copper and precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of any future projects in a timely manner, the availability of financing on suitable terms for exploration and development of future projects and the Company's ability to comply with environmental, health and safety laws, that the Company's interpretation of the IP survey data is reasonable, and that the Company will be able to carry out its planned exploration and marketing activities as currently contemplated.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, operating and technical difficulties in connection with mineral exploration and development activities, actual results of exploration activities, the estimation or realization of mineral reserves and mineral resources, the inability of the Company to obtain the necessary financing required to conduct its business and affairs, as currently contemplated, the inability of the Company to enter into definitive agreements in respect of possible Letters of Intent, the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital, future prices of copper and precious metals, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, lack of investor interest in future financings, accidents, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities, changes in laws, regulations and policies affecting mining operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or authorizations, including by the CSE, the timing and possible outcome of any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, the risk that geophysical responses are not unique and that interpreted anomalies may not reflect sulphide or economic mineralization, the risk that surface grab sample results are not representative of mineralization on the property, and other risks and uncertainties disclosed in the Company's latest interim Management's Discussion and Analysis filed with certain securities commissions in Canada. All of the Company's Canadian public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release or incorporated by reference herein, except as otherwise required by law.
Forward-Looking Statements in This News Release
The following statements in this news release constitute forward-looking information:
the interpretation of the 2026 IP survey results, including that the interpreted horizon is prospective for disseminated sulphide mineralization and is spatially associated with the high-grade copper mineralization identified at surface;the potential for the principal anomaly to broaden or thicken at depth, and the potential significance of the second, deeper anomaly farther north of the principal target area;the potential for the high-grade surface copper mineralization to be associated with a broader and more continuous sulphide-bearing system, and for the skarn occurrences to represent the distal expression of a larger mineralizing system concealed beneath the project area;the Company’s working exploration model, including the potential for a larger hydrothermal system and an intrusive source at depth;the Company’s plans to integrate the IP interpretation with geological mapping, geochemistry and structural information, refine priority targets, prioritize the next phase of exploration and determine the most effective approach to drill testing; andthe timing, scope and conduct of the marketing campaign to be provided by Gold Standard, including its anticipated commencement on November 1, 2026, and the expected continuation of Gold Standard’s services until July 6, 2027. Photos accompanying this announcement are available at
Key Takeaways Target is expanding agentic commerce through AI partnerships with OpenAI and Google Gemini to engage shoppers.TGT's AI-driven digital traffic grew at more than 3.5 times the industry rate in second-quarter fiscal 2026.Target's comparable digital sales rose 8.7%, supported by more than 25% growth in same-day delivery.
Target Corporation (TGT - Free Report) is expanding its digital capabilities through agentic commerce as AI-enabled services increasingly influence how consumers search and shop. The retailer has established partnerships with OpenAI, Google Gemini and other leading platforms to explore new ways of connecting with shoppers and capitalize on this emerging trend. These initiatives form part of Target's broader technology strategy, which emphasizes personalized shopping experiences and stronger customer engagement.
Early traffic trends are encouraging. In the second quarter of fiscal 2026, Target reported that digital traffic originating from external AI platforms was growing at more than 3.5 times the industry rate compared with a year earlier. Although this traffic remains relatively small, the faster growth suggests that AI-powered shopping platforms are emerging as another avenue for customer discovery.
Target is also strengthening its internal AI capabilities. It is focusing on developing technology that enhances shopping experiences and unlocks new business capabilities. Investments in personalization remain another priority, allowing the retailer to deliver more relevant experiences across stores and digital channels while strengthening customer engagement.
These initiatives complement Target's expanding digital operations. Comparable digital sales increased 8.7% year over year in the quarter, aided by more than 25% growth in same-day delivery. While these gains cannot be directly attributed to agentic commerce, they highlight Target's expanding digital presence.
Well, Target's early initiatives could broaden customer reach and create additional opportunities for digital engagement as AI-assisted shopping adoption increases.
Walmart and BJ’s Wholesale Leverage AI Shopping AssistantsWalmart Inc. (WMT - Free Report) is using AI to make digital shopping more personalized and convenient. Walmart said usage of its AI-powered Sparky assistant increased 70% year over year, while customers using Sparky spend 40% more per order. Walmart also highlighted Sparky’s ability to build meal plans, recommend products and recognize prior purchases across stores and online, helping shoppers avoid duplicate purchases and simplifying product discovery.
BJ’s Wholesale Club Holdings, Inc. (BJ - Free Report) is also deepening digital engagement through AI-enabled shopping support. BJ’s Wholesale said its AI-powered assistant, Bev, has handled more than 100,000 member conversations, helping shoppers find products, check club hours and better use their memberships. BJ’s Wholesale is pairing this capability with broader digital convenience, as digitally enabled comparable sales rose 30% in the second quarter of fiscal 2026 and digitally engaged members demonstrated stronger spending and loyalty.
How Does Target Stack Up Against Its Industry?Target has seen its shares rally 9.8% over the past three months compared with the industry’s rise of 0.9%.
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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 15.62, lower than the industry’s 27.95. However, the stock is trading above its 12-month median level of 14.95.
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What Do Earnings Estimates Signal for Target?The Zacks Consensus Estimate for Target’s current fiscal-year sales and earnings per share implies year-over-year growth of 5.1% and 37.8%, respectively. For the next fiscal year, the consensus estimate indicates a 3.1% rise in sales but a decline of 9.5% in earnings per share.
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Target’s Investment CaseTarget's expanding agentic commerce initiatives, AI-driven personalization, and partnerships with leading technology platforms strengthen its growth potential. Encouraging trends in AI-driven traffic, coupled with strong digital sales performance, highlight emerging opportunities to expand customer reach. Ongoing investments in technology and shopping convenience position Target to benefit from shifting consumer shopping preferences. These factors support a constructive investment view on this Zacks Rank #1 (Strong Buy) stock. You can see the complete list of today’s Zacks #1 Rank stocks here.
Partnership applies Deep Origin's virtual screening architecture to BioAge's targets, identified from human data, to accelerate discovery of novel cardiometabolic therapies Partnership applies Deep Origin's virtual screening architecture to BioAge's targets, identified from human data, to accelerate discovery of novel cardiometabolic therapies
Hole 26MN-124 returned, at Goldwedge:2.94 g/t gold over 36.42 metres ("m") from 169.62 m including 19.33 g/t gold over 4.27 m from 188.36 m within faulted Zanzibar and Gold Hill Formations.Hole 26MN-125 returned, at West Pit:24.85 g/t gold over 1.22 m from 150.88 m within the Gold Hill Formation.Hole 26MN-121 returned, at Black Mammoth:1.37 g/t gold over 17.07 m from 275.54 m, within the mudstones of the Zanzibar Formation, including 17.04 g/t gold over 1.07 m 289.74 m at the brecciated contact of the Zanzibar mudstone and Zanzibar limestone units.Hole 26MN-122 returned, along the Zanzibar Trend:1.18 g/t gold over 17.10 m from 47.21 m, including 5.58 g/t over 2.59 m from 60.66 m within brecciated metasediments of the Gold Hill Formation.1.48 g/t gold over 9.48 m from 67.79 m within metasediments of the Gold Hill Formation crosscut by quartz and sulfide breccias, as well as epithermal textured quartz-carbonate veins.Vancouver, British Columbia--(Newsfile Corp. - October 14, 2026) - Scorpio Gold Corp. (NASDAQ: SGLD) (TSXV: SGLD) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", or the "Company") is pleased to announce results from eight drill holes of the Phase Two drill program at the Manhattan District Project ("Manhattan"), Nevada, USA: 26MN-117, and 26MN-119 through 26MN-125, see Figure 1. The results are tabulated in Table 1 and discussed below. Scorpio Gold has drilled 122 drill holes to date from its Phase Two diamond drilling program, 25MN-011 through 25MN-045, 26MN-046 through 26MN-132, for a grand total of 35,844 m. With the results herein, Scorpio Gold has reported assays on 115 of these (25MN-011 through 25MN-045, 26MN-046 through 26MN-125, totalling 33,379 m), and assays are pending from seven holes (26MN-126 through 26MN-132), totalling 2,465 m. The pending results will be reported as they become available.
"Hole 26MN-124 returned 2.94 grams across 36.42 metres, containing 19.33 grams over 4.27 metres and is consistent with high grade feeder zones feeding a wider mineralised envelope. Additionally, generally lower grade intercepts in eight holes, drilled in four areas across the system returned intervals outside the existing resource. Our understanding now puts all of these areas in context and will allow the company to keep expanding the current compliant resource, update and expand the historic resources and explore the abundant historic small mines dating from the initial gold rush in this area. Scorpio continues to add value with systematic drilling guided by modern drilling to expand toward its true district scale potential. Moreover, Scorpio continues to investigate innovative ways to crystallise the value of this unique asset as early as possible. Hole 26MN-124 provides further impetus to investigate a potential underground restart at Goldwedge as a nearer-term path to production, ahead of the surrounding district. Also, a sonic drill program to provide an initial test of grade and tonnage of the historic heap leach, tailings pond and low-grade stockpile is scheduled to start before the end of the month. Few juniors can offer this diversity of existing value, near-term potential and district-scale upside," said Zayn Kalyan, CEO and Director of Scorpio Gold.
Figure 1: Surface Plan Map of drill holes.
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276.30286.3610.060.21¹ Intervals contain no more than 3 continuous metres grading less than 0.1 g/t gold. Table 1: Tabulated assay results showing significant intervals of gold mineralization. Note: There is insufficient geological information to estimate a true width for the drill intercepts reported.
Goldwedge Results:
26MN-124: This drill hole contains several significant intercepts (Figure 3) at or above the cutoff grade of the 2025 MRE (0.3 g/t gold), hosted in a structurally complex zone (Figure 2) containing apparently repeated stratigraphic sections through both the Ordovician Zanzibar Formation and Cambrian Gold Hill Formation. Faulted and apparently discontinuous intervals of the Oligocene Volcanics of the Manhattan Caldera are also present within the mineralized zones. The upper intervals of notable gold mineralization are hosted in faulted Zanzibar mudstones and limestones, with gouge-filled structures being common in intervals with stronger gold concentrations. These intervals include:
0.37 g/t gold over 17.16 m from 26.98 m0.37 g/t gold over 28.96 m from 61.87 m 0.36 g/t gold over 16.46 m from 94.49 m0.51 g/t gold over 18.29 m from 115.97 mBelow these intervals the drill hole encounters heavily altered and brecciated metasediments of the Gold Hill Formation. The highest-grade portion of the drill hole is found within these rocks, representing one of several individual fault planes that make up the larger negative flower structure that has been interpreted at the Goldwedge zone. This interval returned:
2.94 g/t gold over 36.42 m from 169.62 mincluding 19.33 g/t gold over 4.27 m from 188.36 mThe highly faulted and brecciated rocks within the flower structure allow for significant fluid flow in this area, creating the high-grade deposit at Goldwedge. Below the highest-grade portion of the drill hole, more Zanzibar Formation limestones are encountered, reinforcing the interpretation of the negative flower structure which allows for younger rocks to be present deeper than the older Gold Hill rocks. Continued faulting and brecciation of the sediments is seen here, and an additional significant interval was encountered which returned:
0.39 g/t gold over 11.67 m from 225.95 m26MN-120: This drill hole encountered less of the structural preparation that was observed in the nearby 26MN-124, and no repeated stratigraphy was encountered. Instead, this drill hole encountered the expected Ordovician Zanzibar mudstones and limestones, then proceeds directly into the volcanic rocks of the Manhattan Caldera without ever encountering the metasediments of the Cambrian Gold Hill Formation. This implies that this drillhole encountered a relatively intact block of country rock that was entrained within and not cut by the structures that comprise the negative flower structure at Goldwedge. Due to this relative lack of crosscutting structure, less gold-bearing fluid has permeated the rock encountered by this drillhole relative to drill hole 26MN-124, and the sole significant intercept returned was:
2.39 g/t gold over 2.74 m from 151.18 m
Figure 2: Plan view of complex structural zone around Goldwedge and highlighted drill results. Note that for clarity, only drill holes discussed in text are displayed.
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Figure 3: Cross Section along drill hole 26MN-124 with highlighted gold intervals, 2025 Block Model and IRCP outline
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Figure 4: Drill hole 26MN-124, interval 184.83 m to 192.63 showing brecciated Gold Hill Formation and gold grades
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Context: Drill holes 26MN-120 and 26MN-124 were both designed as approximate 50 m step-outs along the projected Reliance Fault from high grade gold intercepted in drill hole 26MN-091, within the Manhattan Caldera Volcanics. Recent drilling at Goldwedge, including the results herein, has demonstrated consistent gold grades, especially in the Paleozoic sediments of the Ordovician Zanzibar Formation and in the underlying Cambrian Gold Hill Formation, located in the structurally well-prepared hanging wall of the Reliance Fault. The Reliance Fault is considered one of the main fluid pathways capable of delivering gold-rich fluids to the prospective host rocks in the Goldwedge area. Additionally, recent results have proven that the Manhattan Caldera Volcanics can likewise host lower grade envelopes around high grade feeder structures. Consistent gold mineralization at Goldwedge is demonstrated by the following previously reported intercepts:
1.69 g/t gold over 55.70 m from 118.90 m (24MN-009)0.59 g/t gold over 49.23 m from 31.69 m (26MN-048)11.84 g/t gold over 8.39 m from 106.21 m (26MN-075)1.27 g/t gold over 45.23 m from 137.95 m (26MN-086)1.17 g/t gold over 21.58 m from 111.71 m (26MN-089)2.04 g/t gold over 11.83 m from 115.67 m (26MN-091)1.60 g/t gold over 33.53 m from 6.70 m (26MN-101)3.38 g/t gold over 33.31 m from 138.90 m (26MN-109)2.05 g/t gold over 97.99 m from 64.16 m (26MN-110)3.02 g/t gold over 48.92 m from 118.87 m (26MN-115)1.19 g/t gold over 99.94 m from 98.61 m (26MN-118)The Gap Zone Results
26MN-123: Drill hole 26MN-123 was designed as an up-dip step-out approximately 50 m from drill hole 25MN-041 along the Reliance Fault which in this area separates the Paleozoic sedimentary package from the Manhattan Caldera Volcanics. This drillhole encountered anomalous gold mineralization throughout the upper portion of Gold Hill Formation meta-mudstones, especially near the brecciated marble units. The most significant mineralization encountered in this hole is found in a heavily faulted zone of Zanzibar limestones and mudstones, with lenses of competent rock surrounded by gouge and zones of low recovery, representing lithons entrained within the larger structural zone.
1.13 g/t gold over 7.16 m from 57.91 mContext: The Gap Zone is the previously undrilled area that connects Goldwedge to the Reliance Trend and ultimately, the historic West Pit. Mineralization is hosted entirely within the meta-sediments of the Gold Hill Formation or in brecciated limestone of the Zanzibar Formation and is dominantly controlled by veins and structures related to the steeply dipping Reliance Fault. The Gap Zone lies near the complex structural zone that defines the southern end of the negative flower structure that has been interpreted at the Goldwedge area. First tested in early 2025, significant mineralization at the Gap Zone includes:
1.24 g/t gold over 92.81 m from 3.05 m (25MN-011)1.27 g/t gold over 14.75 m from 194.95 m (25MN-013)0.80 g/t gold over 33.13 m from 118.38 m (25MN-017)0.94 g/t gold over 36.97 m from 162.95 m (25MN-020)2.21 g/t gold over 7.38 m from 222.14 m (25MN-030)0.58 g/t gold over 16.15 m from 111.86 m (25MN-041)Zanzibar Trend Results:
26MN-117: Drill hole 26MN-117 was designed as an approximate 50 m step out from both 26MN-080 and 26MN-097, testing the multiple mineralization controls previously identified at the Zanzibar Trend like bedding parallel dissolution vugs and sub-vertical veins and faults running generally parallel to the major fault zone separating the Paleozoic sediments from the Oligocene aged volcanics of the Manhattan Caldera. This drillhole also crosses the sub-vertical Brougher Fault which has apparent controls on mineralization where it intersects the primary controls. Mineralized intervals within this drill hole are found straddling the Ordovician Zanzibar and Cambrian Gold Hill Formation contact, as well as throughout the Gold Hill Formation in veins and sub-vertical structures healed by quartz and sulfide. Notable intervals of gold mineralization include:
0.52 g/t gold over 9.91 m from 40.23 m4.59 g/t gold over 3.87 m from 74.37 m0.59 g/t gold over 9.30 m from 152.24 mThe deepest encountered significant gold mineralization in this drill hole is found along the major structure (the Pemba Fault) separating the sedimentary rocks from the volcanic rocks of the Manhattan Caldera. The Pemba Fault is continuously mineralized along strike for at least 400 metres at the Zanzibar Trend, and locally along dip from surface to a depth of at least 250 metres. Drill hole 26MN-117 steps out approximately 40 meters vertically down-dip along the Pemba Fault from drill hole 26MN-080 (See Press Release Here), where it encountered:
1.03 g/t gold over 10.36 m from 194.47 m26MN-119: Testing the western extension of the Zanzibar Trend, drill hole 26MN-119 was designed targeting a gap along the Pemba Fault between drill holes 26MN-093 (approximately 50 m up-dip) and 26MN-085 (approximately 65 m down-dip). Detectable gold mineralization was encountered along the Pemba Fault, however it is not considered significant at this time. Significant mineralization was encountered further up-hole within the Zanzibar limestone unit where it was weakly brecciated, with some zones of fault gouge present. Drill hole 26MN-119 returned:
0.55 g/t gold over 4.72 m from 110.80 m26MN-122: This drill hole is collared at the Zanzibar Trend area but is targeting high-grade mineralization from historic drilling at Mustang Hill, and continues towards the West Pit. Familiar stratigraphy of the Ordovician Zanzibar limestone transitioning to the Gold Hill meta-mudstones and meta-siltstones is encountered at the top of the hole. The White Caps marble unit is encountered high in the Gold Hill portion of the sediments, and near the bottom of this unit the first significant gold mineralization is reported. The technical team at Scorpio believes that the strong rheological contrast between the marble and the surrounding meta-mudstones allows for a preferred stratigraphic horizon to host gold mineralization, and drill hole 26MN-122 is another example of this observation; straddling the marble to meta-mudstone contact is the following interval:
1.18 g/t gold over 17.10 m from 47.21 mIncluding 5.58 g/t gold over 2.59 m from 60.66 mFollowing this interval is a zone of moderately clay altered meta-sediments, and then another zone of weak silicification and epithermal stringer veins with drusy quartz returning:
1.48 g/t gold over 9.48 m from 67.79 mThe balance of the hole is comprised of weakly altered meta-sediments of the Gold Hill Formation, though several small zones of quartz and sulfide healed breccias are moderately mineralized with gold:
2.03 g/t gold over 0.61 m from 229.27 m1.28 g/t gold over 0.49 m from 246.49 mContext: The Zanzibar Trend is the previously underexplored area between Mustang Hill and Goldwedge along the faulted contact of the Paleozoic meta-sediments and the Oligocene aged volcanics of the Manhattan Caldera. High grade gold mineralization is encountered along two main controlling features: sub-vertical structures parallel to the main contact fault, and along gently to moderately dipping bedding planes primarily in the Cambrian Gold Hill Formation. All drillholes reported herein attempt to extend known mineralization by stepping out approximately 50 m from previous drilling along interpreted ore controlling features such as preferred bedding planes or sub-vertical structures. The results reported herein add to the significant mineralization encountered along the Zanzibar Trend, including:
3.14 g/t gold over 49.62 m from 59.95 m (25MN-044)0.66 g/t gold over 57.64 m from 29.59 m (25MN-045)2.10 g/t gold over 22.25 m from 34.14 m (26MN-063)2.74 g/t gold over 16.49 m from 45.45 m (26MN-066)12.78 g/t gold over 5.91 m from 134.51 m (26MN-067)0.69 g/t gold over 23.23 m from 4.05 m (26MN-070)2.68 g/t gold over 11.34 m from 0.76 m (26MN-071)2.77 g/t gold over 12.68 m from 58.64 m (26MN-080)0.98 g/t gold over 23.20 m from 112.13 m (26MN-114)Black Mammoth Results:
26MN-121: Stepping out approximately 50 metres to the west of drill hole 26MN-092, drill hole 26MN-121 was designed to test the extent of gold mineralization along the Black Mammoth Fault and along stratigraphic horizons near the upper and lower contacts of the limestone member of the Ordovician Zanzibar Formation. The limestone is overlain by variably siliceous mudstone of the Zanzibar Formation and underlain by phyllitic meta-mudstone of the Cambrian Gold Hill Formation. The strong rheological contrast across these contacts partitioned strain during pre-mineral contractional deformation, producing brecciation and fracture permeability within the chemically reactive limestone. The much younger gold-bearing fluids, potentially fed by the Black Mammoth Fault, exploited these zones, while the bounding low-permeability mudstones helped confine fluid flow along the contacts. While anomalous gold was detected around the Black Mammoth Fault, the significantly mineralized intervals were found along the brecciated and hydrothermally cemented upper and lower contacts of the limestone member of the Zanzibar Formation and locally within variably oxidized quartz and sulfide cemented breccias that crosscut the stratigraphy:
0.32 g/t gold over 7.22 m from 157.4 m0.45 g/t gold over 3.81 m from 180.29 m16.89 g/t gold over 0.82 m from 212.75 m1.37 g/t gold over 17.07 m from 275.54 m Including 17.04 g/t gold over 1.07 m from 289.74 mContext: Black Mammoth is a ~200+ m step-out from Goldwedge. Significant gold mineralization can be found within the Ordovician Zanzibar sediments along structures related to the Black Mammoth Fault, and on both sides of the major fault defining the contact between the Paleozoic sediments and the Oligocene aged volcanics of the Manhattan Caldera. Drill hole 26MN-121 is an approximate 50 m step-out along strike from significant mineralization encountered within drill hole 26MN-092 within the Zanzibar Formation. Significant mineralization encountered at Black Mammoth includes:
0.75 g/t gold over 24.69 m from 230.12 m (26MN-053)1.02 g/t gold over 40.23 m from 195.69 m (26MN-057)0.62 g/t gold over 62.21 m from 230.43 m (26MN-069)6.04 g/t gold over 4.86 m from 308.23 m (26MN-072)0.58 g/t gold over 18.04 m from 311.05 m (26MN-078)0.83 g/t gold over 18.01 m from 277.68 m (26MN-092)2.56 g/t gold over 13.38 m from 293.28 m (26MN-096)West Pit Results:
26MN-125: On the Northwestern corner of the West Pit two major faults converge to create a damage zone with increased porosity relative to the country rock, making a preferential pathway for ascending gold-bearing fluids. The confluence of the Brougher Fault and the Nellie Gray Fault has a small set of drill holes around it that contain high-grade gold intervals, and drill hole 26MN-125 was designed to step out approximately 50 metres below the existing drill holes to test for gold mineralization in a potential "feeder" zone following one or both of these structures. The drill hole was successful in encountering significant gold mineralization between the two modeled structures, where the Cambrian Gold Hill meta-sediments have been variably brecciated and crosscut by quartz/carbonate veins:
0.48 g/t gold over 9.72 m from 103.45 m0.30 g/t gold over 16.00 m from 126.07 m24.85 g/t gold over 1.22 m from 150.88 m0.31 g/t gold over 10.36 m from 155.30 mContext: The West Pit was mined by various operators throughout the 1980s but significant gold mineralization remains near and around the pit. The prominent Brougher Fault cuts through the northwestern corner of the pit and the Nellie Gray Fault strikes generally North/South just to the west side of the pit. The confluence of these structural zones focused the gold-bearing fluids to create an apparent high-grade ore shoot at the western edge of the West Pit. Drill hole 26MN-125 was designed to test the down-plunge extension of this ore shoot, as well as deeper mineralization that is continuous with the bedding-parallel mineralization found throughout the West Pit on the hanging wall of the Little Gray Fault.
All 2026 drill holes tested within and beyond the Inferred Resource Constraining Pit ("IRCP"), targeting new mineralization outside of the 2025 MRE block model, see Figure 3. For further details see "Mineral Resource Estimate and NI 43-101 Technical Report, Manhattan Property, Nye County, Nevada" dated October 23, 2025, with an effective date of June 4, 2025, on Scorpio Gold's website at Technical Report.
QA/QC
HQ sized diamond drill core samples were cut in halves, then bagged and secured with security tags to ensure integrity during transportation to the Elko, NV, MSALABS facility for preparation. For quality assurance ("QA"), unmarked coarse blanks, unmarked certified reference materials, and requested laboratory duplicates were inserted into the sampling sequence. QA samples were systematically inserted into each batch of samples, amounting to approximately 10% of the run of samples. Samples were analyzed for gold using a two-cycle PhotonAssay™ analysis method (~500 g) of crushed material (70% passing 2 mm). All MSALABS facilities comply with ISO 17025:2017.
About the Manhattan District
Manhattan, located in the Walker Lane Trend of Nevada, USA, is road accessible and lies approximately 20 kilometers south of the operating Round Mountain Gold Mine (https://www.kinross.com/operations/default.aspx#americas-roundmountain), which has produced more than 15 million ounces of gold (past-production is cited solely for geological context, see third note, below). For the first time, the Company has consolidated Manhattan's past-producing mines under a single entity that holds valuable permitting and water rights. Historically, Manhattan has produced approximately 700,000 ounces of gold from high-grade placer and lode operations dating from the late 1890s through to the mid-2000s.¹ The maiden mineral resource estimate (the "Maiden MRE") covering the Goldwedge and Manhattan Pit areas of Manhattan is comprised of 18,343,000 tonnes grading 1.26 g/t gold for a total of 740,000 oz contained gold in the inferred category.² Inferred resources have a significant amount of uncertainty as to their existence and as to their economic feasibility. It cannot be assumed that all or any part will be upgraded to a higher category. They are not mineral reserves and have not demonstrated economic viability.
Notes
Adjacent Properties: The Company has no interest in, or rights to, any of the adjacent properties mentioned, including the Round Mountain Gold Mine, and exploration results on adjacent properties are not necessarily indicative of mineralization on the Company's properties. Any references to exploration results on adjacent properties are provided for information only and do not imply any certainty of achieving similar results on the Company's properties.Historical Data: This news release includes historical information that has been reviewed by the Company's qualified person. The Company's review of the historical records and information reasonably substantiate the validity of the information presented in this presentation. The Company encourages readers to exercise appropriate caution when evaluating these data and/or results.Third-Party Mineral Projects: These deposits are cited solely for geological context. The Company cautions that these properties are not necessarily adjacent to, nor does the Company or have any interest in or control over them. Although certain geological features may be similar, there is no assurance that mineralization comparable to these deposits will be discovered on any of the Company's properties. Information regarding the aforementioned deposits is taken from publicly available sources and technical reports believed to be reliable but has not been independently verified by the Company. The Company encourages readers to exercise appropriate caution when evaluating these data and/or results.Mineral Resource Estimate (MRE): All scientific and technical information relating to Manhattan pertaining to Maiden MRE contained in this news release is derived from the Technical Report dated June 4, 2025 (with an effective date of June 4, 2025) titled "Mineral Resource Estimate and NI 43-101 Technical Report" (the "Technical Report") prepared by Matthew R. Dumala, P.Eng (BC) of Archer Cathro Geological (US) Ltd., Patrick Loury, M.Sc., CPG (AIPG) of Daniel Kunz & Associates, Annaliese Miller, LG (WA) of Geosyntec Consultants, Inc. and Art Ibrado, PhD, PE (AZ) of Fort Lowell Consulting PPLC. The information contained herein in respect of the Maiden MRE is subject to all of the assumptions, qualifications and procedures set out in the Technical Report and reference should be made to the full text of the Technical Report, a copy of which has been filed with the applicable securities regulators and is available under the Company's profile on www.sedarplus.ca.References: (1) Strachan, D. G., and Master, T. D., 2005: Update and Revision of the Gold Wedge Project Development, Nye County. Report prepared for Nevada; Royal Standard Minerals, Inc. and dated March 31, 2005; (2) Dumala, M. R., and Loury, P., 2025: Mineral Resource Estimate and NI 43-101 Technical Report, Manhattan Property, Nye County, Nevada. Report prepared for Scorpio Gold Corporation and dated October 23, 2025 (with an effective date of June 4, 2025).Qualified Person
The scientific and technical information in this news release has been reviewed, verified and approved by Leo Hathaway, P. Geo., Executive Technical Director of Scorpio Gold, a "Qualified Person", as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Verification included review of laboratory certificates, review of field logs and chain-of-custody records, inspection of blank/standard/duplicate performance, and sample nature and location. No limitations or failures to verify were identified.
About Scorpio Gold Corp.
Scorpio Gold holds a 100% interest in the Manhattan District located in the Walker Lane Trend of Nevada, USA. Scorpio Gold's Manhattan District is ~4,780-hectares and comprises the advanced exploration-stage Goldwedge Mine, and four past-producing pits that were acquired from Kinross in 2021 (see news release dated March 25, 2021 https://scorpiogold.com/news/scorpio-gold-closes-purchase-of-kinross-manhattan-property-nye-county-nevada/). The consolidated Manhattan District presents an exciting late-stage exploration opportunity, with over 140,000 metres of historical drilling, significant resource potential, and valuable permitting and water rights.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements"). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management as of the date of this news release.
Forward-looking statements in this news release include, among others, statements relating to: the mobilization of a diamond core drill to the April Fool Target this week and the commencement and completion of the first-ever drill test of the April Fool Target; the expected timing of assay results from the April Fool drill program, including the Company's expectation that results from the first drill hole will be received by the end of October 2026 and that assay results will be received within approximately four weeks of drill hole completion; the design and objectives of the April Fool drill holes, including their ability to test the vertical extent and continuity of mineralization and the bedding-parallel and fault-controlled controls on mineralization interpreted at surface; the Company's interpretation of the geological setting of the April Fool Target and its similarity to the Zanzibar Trend, and the potential for that geological setting to host gold mineralization of comparable continuity, grade or extent beneath the historic workings; the Company's belief that gold mineralization not targeted by historical miners may remain at the April Fool Target; the potential for the April Fool Target to represent a new growth front or a near-term catalyst for the Company; the Company's interpretation of the structural controls on mineralization within the Manhattan District and the application of that interpretation to other target areas; the Company's ongoing exploration plans, priorities and objectives at the Manhattan Project, including resource expansion; the anticipated timing of future disclosures and announcements; and other statements that are not historical facts. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including: that the drill contractor, equipment and qualified personnel will be available and able to mobilize to and operate at the April Fool Target on the anticipated schedule; that weather, ground conditions and access will permit drilling to proceed as planned; that the analytical laboratory will process and report assays within its expected turnaround times; that the Company will be able to obtain sufficient financing to complete planned exploration activities; that the Company will be able to obtain and maintain necessary permits and regulatory approvals in a timely manner; that exploration results will be consistent with management's expectations; that general business and economic conditions will not change in a materially adverse manner; and that the Company's interpretations of geological data, including the analogy drawn between the April Fool Target and the Zanzibar Trend, are accurate. 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 and risks include, among others: delays in drill mobilization or drilling due to contractor, equipment, personnel, weather, access or ground condition issues; delays in laboratory processing or reporting of assay results; the risk that drill results at April Fool do not confirm the mineralization, continuity or geological interpretation indicated by surface mapping and selective rock chip and grab sampling, which are by their nature not representative of the grade, width or continuity of mineralization; the limited quality control applied to the surface samples reported in this news release; the Company may require additional financing from time to time in order to continue its operations, which may not be available when needed or on acceptable terms and conditions; the inherent risks involved in the exploration and development of mineral properties, including uncertainties related to the interpretation of drill results and other geological data; fluctuations in commodity prices; compliance with extensive government regulation and changes in domestic and foreign laws and regulations that could adversely affect the Company's business and results of operations; uncertainties related to obtaining necessary permits and regulatory approvals; risks related to the Company's ability to retain key personnel; environmental risks and hazards; title matters and surface rights issues; competition in the mining industry; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company's securities, regardless of its operating performance; and other risks and uncertainties disclosed in the Company's public filings.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/318846
Source: Scorpio Gold Corp
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In the latest close session, Target (TGT - Free Report) was down 1.06% at $151.99. The stock trailed the S&P 500, which registered a daily loss of 0.02%. On the other hand, the Dow registered a loss of 0.35%, and the technology-centric Nasdaq decreased by 0.15%.
The retailer's shares have seen a decrease of 3.2% over the last month, not keeping up with the Retail-Wholesale sector's gain of 0.63% and the S&P 500's gain of 2.05%.
The upcoming earnings release of Target will be of great interest to investors. In that report, analysts expect Target to post earnings of $2.08 per share. This would mark year-over-year growth of 16.85%. In the meantime, our current consensus estimate forecasts the revenue to be $26.37 billion, indicating a 4.34% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.43 per share and revenue of $110.11 billion, indicating changes of +37.78% and +5.09%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Target. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.46% higher within the past month. Target is holding a Zacks Rank of #1 (Strong Buy) right now.
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The Retail - Discount Stores industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 6, positioning it in the top 3% of all 250+ industries.
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AST SpaceMobile shares caught a downgrade on Tuesday from Piper Sandler, which also cut its price target 45%. The reason is competition from Elon Musk's SpaceX.
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 13:
Repsol, S.A. (REPYY - Free Report) : This multi-energy company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 23.3% over the last 60 days.
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Target Corporation (TGT - Free Report) : This retail company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 24.3% over the last 60 days.
Target’s shares gained 15.5% over the last three months compared with the S&P 500’s decline of 3.8%. The company possesses a Momentum Score of A.
Calumet, Inc. (CLMT - Free Report) : This specialty chemicals and renewable fuels company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days.
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See the full list of top ranked stocks here
Learn more about the Momentum score and how it is calculated here.
Toronto, Ontario--(Newsfile Corp. - October 13, 2026) - Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) ("Lavras Gold" or the "Company") today reports the results of an independent geochemical interpretation of its Lavras do Sul Project ("LDS Project" or the "Project") in Rio Grande do Sul, Brazil, and introduces Cerrito North as a new exploration target. The interpretation was subsequently completed by the independent consulting geochemist who participated in the Company's specialist technical workshop held in April 2026 (see news release dated May 12, 2026). It integrates the Company's soil geochemistry, drill core multielement assays, whole-rock lithogeochemistry and airborne geophysics into a single district-scale framework.
LDS Project Highlights:
Cerrito North is a new target, identified on the northern continuation of the Caneleira trend. No assay results have been received from Cerrito North and no mineral resource has been estimated there.
An independent re-processing and statistical levelling of the Company's historical and current soil and drill core multielement geochemistry has defined a continuous gold-in-soil corridor of approximately 10 kilometres ("km") measured along trend — approximately 7km in a straight line — linking Fazenda-Butia, Caneleira and Cerrito North (Figure 1).
The corridor follows the contact between an internal geochemical halo (Sr-Ba-Ca-P-Mg; granodiorite signature) and an external geochemical halo (Ga-Th-U-Zn-V-Fe; evolved potassium-rich granite signature). The same boundary is independently expressed in the Company's gamma-ray spectrometry data.
Two mineralized geochemical associations are recognized across the district:
Au-Cu-Bi-Ag, linked to granodiorite-related rocks - higher-temperature and more deeply rooted; best expressed at Matilde; and
Au-Pb-Zn-As, linked to potassium-rich granite and episyenite-style alteration - a shallower, structurally controlled overprint; best expressed at Fazenda-Butia.
Zones where the two systems overlap carry Au-Ag-Bi-W-Cu with As-Sb-Mo and are interpreted as late, structurally confined corridors. These overlap zones are the Company's principal new criterion for ranking and generating targets.
At Matilde, the gold-in-soil anomaly extends north and south beyond the drilled footprint of approximately 500 metres ("m") by 400m. Historical drilling approximately 300m to the south returned low-grade gold open at the end of hole, with molybdenum increasing at the end of hole. Copper is also anomalous in soil at Matilde, coincident with and extending the gold anomaly, and a separate copper-molybdenum cluster is present to the north-northeast.
Two further trends warrant follow-up: the north-south Matilde-Cerrito South trend, and an eastern boundary trend along the structurally controlled margin of the complex, which includes the Aurora and Dourada occurrences and a discrete As-Sb zone.
Soil geochemical anomalies are exploration indicators only. They do not demonstrate the presence of mineralization, are not mineral resources, and there is no certainty that any target described in this release will result in the definition of a mineral resource.
The interpretation supports the view that the gold occurrences at Lavras do Sul are the preserved expression of one larger mineralizing system rather than a series of separate deposits, and it changes how the Company ranks and generates targets across its approximately 20,300-hectare tenement package. Cerrito North is the first new target to be identified from this framework.
Figure 1 - Levelled gold-in-soil residuals across the central LDS Project, showing the interpreted gold-in-soil corridor linking Fazenda-Butia, Caneleira and Cerrito North, together with the Matilde-Cerrito South and eastern boundary trends. Interpreted trends are drawn from the distribution of levelled soil values and are conceptual; they are not mineralized boundaries.
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https://images.newsfilecorp.com/files/10429/318657_4bbc18bfd45209b4_002full.jpg
"This work fundamentally changes how we see the opportunity at Lavras do Sul: not as a collection of individual gold deposits and targets, but as the preserved expression of a potentially much larger mineralizing system," commented Federico Velásquez, President and Chief Executive Officer. "The soil geochemistry defines a compelling district-scale corridor along a mapped intrusive contact-independently confirmed by geophysics and aligned with known mineralized areas. This gives us a powerful new framework to unlock value across the district. We are no longer asking only how large each deposit may become; we are systematically identifying where else along these prospective trends the system may have concentrated gold. Cerrito North may be the first of several opportunities to emerge from this approach."
"The value of this interpretation is that it is built on our existing data," added Jonathan Hill, Director and Interim Vice President of Exploration. "Much of the data had never been levelled and analyzed together, because they were collected over many years by different operators, laboratories and analytical methods. Once that was corrected for, coherent geochemical domains appeared that match what we see in drill core and in the geophysics. It gives us an objective basis for ranking targets rather than relying on one conceptual model across the whole district."
Cerrito North - New Target
Cerrito North is a soil geochemical target on the northern continuation of the Caneleira trend, where the levelled gold-in-soil data define a discrete anomaly accompanied by silver, potassium and sulphur responses consistent with the alteration signature recognized elsewhere in the district.
The soil data covering the target combine two analytical methods — 186 samples by aqua regia digestion with an ICP finish, and 1,026 samples by fire assay with an AAS finish — and the levelling of the residualized values in this area requires recalibration before the anomaly can be considered fully validated. Cerrito North is disclosed as an exploration target concept derived from surface geochemistry. It is not a mineral resource, and there is no certainty that drilling will result in the definition of a mineral resource.
Figure 2 - Levelled gold and pathfinder element soil residuals over the Cerrito North area, showing the suggested target outline and its position on the northern continuation of the Caneleira trend. The levelling of the residualized values in this area requires recalibration, and the outline shown is conceptual.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10429/318657_4bbc18bfd45209b4_003full.jpg
A District-Scale Geochemical Footprint
Soil geochemistry has been collected over the LDS intrusive complex in several campaigns since 2009 by the Company and by previous operators, using more than one sample preparation and analytical method. Because those methods are not directly comparable for many elements, the datasets were statistically levelled and transformed before interpretation, and analytical methods were kept separate where levelling could not be reliably established. Recent reprocessing activities found:
The gold-in-soil data define a coherent arc rather than a set of isolated anomalies.
The arc extends approximately 10km along trend - approximately 7km in a straight line - from Fazenda-Butia in the southwest, through Caneleira, to Cerrito North. The Cerrito deposit lies on the eastern portion of the same feature.
The corridor is an interpretation drawn from the distribution of levelled soil values; its limits have not been defined by a fixed geochemical threshold.
Figure 3 - Levelled multielement heat maps for the merged soil and drill core dataset across the LDS Project. Gold and its pathfinder elements are shown together with the lithological discriminants used to separate the granodiorite-related and potassium-rich granite-related domains. Values are levelled compositional residuals and are not absolute concentrations.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10429/318657_4bbc18bfd45209b4_004full.jpg
Geochemical Signature and Relationship to Mineralization
The Au-Cu-Bi-Ag association is linked to granodiorite-related rocks, which carry elevated strontium, weak europium depletion and a mantle-influenced signature. These are interpreted as the higher-temperature and more fertile magmatic component of the system. The association is dominant at Matilde, interpreted to expose a deeper or more proximal part of that system.
The Au-Pb-Zn-As association is linked to potassium-rich granites and episyenite-style alteration emplaced at the structurally controlled margins of the complex, and is interpreted as a shallower, later overprint that remobilized gold into more permeable structural sites. It is dominant at Fazenda-Butia, where both signatures are present and overlap.
Spatially, the two associations define a concentric zonation: an internal halo (Sr-Ba-Ca-P-Mg) corresponding to the granodiorite signature, and an external halo (Ga-Th-U-Zn-V-Fe) corresponding to the younger potassium-rich granite signature at the structurally controlled borders of the dome.
Both halos coincide with the corresponding responses in the Company's gamma-ray spectrometry survey — an independent indication that the zonation reflects geology rather than an artefact of the sampling or analytical history.
Thorium and uranium are reported here solely as lithogeochemical discriminants of the evolved potassium-rich granite phase, in which enrichment in these elements is a normal and expected characteristic. The values shown are levelled compositional residuals, not absolute concentrations. The Company is not exploring for uranium and no uranium anomaly is reported in this release.
Figure 4 - Soil geochemical classification of the LDS intrusive complex showing the internal halo (granodiorite signature) and the external halo (evolved potassium-rich granite signature) at the structurally controlled margins of the dome. The interpreted gold corridor shown in Figure 1 follows the contact between the two.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10429/318657_4bbc18bfd45209b4_005full.jpg
Target Generation and Matilde
Zones in which the granodiorite-related and potassium-rich granite-related signatures overlap carry Au-Ag-Bi-W-Cu together with As-Sb-Mo, and are interpreted as late, shallow alteration confined to shear and fault structures. These overlap corridors — rather than individual vein occurrences — are now the Company's primary surface targeting criterion.
Mapped on this basis, the soil data highlight Caneleira, Matilde, and the Aurora and Dourada occurrences on the eastern margin of the complex, together with a discrete As-Sb zone in the same eastern domain.
Matilde is the clearest expression of the granodiorite-related Au-Cu-Bi-Ag association at the Project. Historical drilling has defined a mineralized footprint of approximately 500m by 400m, and the gold-in-soil anomaly extends both north and south beyond it.
Historical drill holes collared approximately 300m south of the known mineralization at Matilde returned low-grade gold that remains open at the end of hole, with molybdenum increasing at the end of hole. Copper is anomalous in soil in the southeast of the Matilde area, coincident with and widening the gold anomaly, and chalcopyrite has been logged in the hydrothermally altered zones in drill core. A separate cluster of threshold-level molybdenum with associated copper is present to the north-northeast.
Elevated copper and molybdenum are recognized vectors toward the higher-temperature parts of intrusion-related systems. No mineral resource has been estimated at Matilde.
Figure 5 - Soil geochemical domains across the LDS Project with the principal target areas annotated. Areas where the granodiorite-related and potassium-rich granite-related signatures overlap are interpreted as the most prospective zones for follow-up.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10429/318657_4bbc18bfd45209b4_006full.jpg
Methodology and Data Verification
The soil database comprises 24,371 samples collected between 2009 and 2026 by the Company and by previous operators. Sample preparation, digestion and analytical finishes are not uniform: earlier campaigns were analysed for 35 elements by ICP, later campaigns for 55 elements, and the Cerrito North area combines aqua regia and fire assay datasets.
All multielement data were centred-log-ratio transformed and statistically levelled before interpretation. Datasets generated by non-equivalent digestion methods were evaluated separately where levelling could not be reliably established.
The values shown in the figures are levelled compositional residuals — relative gold and pathfinder enrichment — and are not absolute concentrations in parts per billion or parts per million.
The soil geochemical database used in this interpretation comprises 24,371 samples collected between 2009 and 2026 by the Company and by previous operators of the Project. The samples were analysed by three laboratories under different preparation and analytical protocols: ACME (12,450 samples, 2009 to 2012), ALS (1,531 samples, 2009 to 2019) and SGS GEOSOL (10,390 samples, 2020 to date). Quality control samples comprising 169 certified reference materials, 61 blanks and 4 field duplicates are present in the database, inserted at approximately 0.1% to 0.2% of samples in the campaigns completed before 2020 and at approximately 2% of samples in those submitted to SGS GEOSOL.
The Qualified Person has reviewed the structure and completeness of the database, the distribution of samples by laboratory, analytical method and target area, and the certified reference material and blank results available for the campaigns analysed by SGS GEOSOL.
The Qualified Person notes the following limitations of the historical data. Sample dates are absent or inconsistently recorded for a substantial proportion of the database, including all of the quality control samples, so the date field alone is not sufficient to assign samples to a campaign. Quality control insertion rates in the campaigns completed before 2020 were materially below current practice. The analytical methods used across the campaigns are not directly equivalent for all elements, which is the reason the data were statistically levelled, and compared only within comparable method groups, before interpretation.
Having regard to these limitations, the Qualified Person considers the soil geochemical database to be adequate for the generation, ranking and prioritization of the exploration targets described in this release. The database has not been verified to a standard that would support the estimation of mineral resources, and no mineral resource has been estimated from it.
Ongoing and Planned Work
Near-term exploration remains concentrated on the consolidated Caneleira Target, where an approximately 25,000m diamond drilling programme is in progress (see news release dated September 14, 2026).
Recalibration of the levelling of the Cerrito North soil dataset is in progress.
An infill soil programme is planned over the priority overlap corridors identified by this work, and the geochemical framework will be used to sequence targets for drill testing through 2027.
Advancing the Fazenda-Butia development project through permitting remains the Company's core development focus and is unaffected by the exploration work described in this release.
Qualified Person
Jonathan Hill, Director and Interim Vice President of Exploration for Lavras Gold Corp., is the "Qualified Person" as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the technical information contained in this release.
QA/QC
Quality Assurance & Quality Control: Sample handling, preparation, and analysis are monitored through the implementation of formal chain-of-custody procedures and quality assurance/quality control programs designed to follow industry best practices.
Soil samples referred to in this release were collected from the B soil horizon on lines spaced 200 metres apart with samples at 25 metre intervals, tightening to a 50 by 50 metre grid in infill areas, with waterlogged ground avoided. Samples have been analysed by three laboratories over the life of the database: ACME (2009 to 2012), ALS (2009 to 2019) and SGS GEOSOL Laboratórios S.A. of Vespasiano, Minas Gerais State, Brazil (2020 to date), the latter accredited to ISO/IEC 17025:2017. At SGS, samples are dried, disaggregated and screened to 80 mesh and 300g of the passing fraction is pulverized to 95% passing 150 mesh; gold is determined by 30g fire assay with an AAS finish and a further 42 elements by multi-acid digestion with an ICP-OES/ICP-MS finish.
Certified reference materials and blanks are inserted into the soil sample stream. Insertion rates vary over the life of the database, from approximately 0.1% to 0.2% of samples in the campaigns completed before 2020 to approximately 2% of samples submitted to SGS. Results are evaluated for accuracy, precision and contamination. Soil results are used by the Company as a targeting tool and are not used in the estimation of mineral resources.
Soil geochemical sampling is a surface exploration technique. Soil anomalies reflect the dispersion of elements in the weathering environment and may be displaced from, or unrelated to, bedrock mineralization. Gold dispersion at the LDS Project is further affected by seasonal water table movement, which can concentrate gold at preferential horizons within the soil profile. Soil results are therefore not a substitute for drilling.
Drill core multielement data referred to in this release were generated from split NQ diamond drill core logged and sampled in a secure facility located in Lavras do Sul, Rio Grande do Sul State, Brazil, and analysed by ALS Laboratories Inc. Certified standards, non-certified blanks and field duplicates are inserted into the drill core sample stream at regular intervals, so that QA/QC accounted for about 10% of the total samples. Results are routinely evaluated for accuracy, precision, and contamination.
About the LDS Project
The LDS Project is centred on the town of Lavras do Sul in Rio Grande do Sul, Brazil. It is approximately 320 kilometres, or a 4.5-hour drive, from the state capital of Porto Alegre. The Company, through its subsidiary, holds, directly or indirectly, contractual interests over 31 mineral rights covering approximately 20,300 hectares.
The LDS intrusive complex is a multiphase intrusive centre surrounded by coeval volcanic rocks to the east. Geologically, LDS lies in the far south of the Neoproterozoic Mantiqueira Province, a 2,700-kilometre-long belt of tectonically and magmatically accreted terrains stretching as far south as the coastline of central Uruguay and north into southern Bahia State in Brazil. The most advanced targets are the Fazenda-Butia and Cerrito gold deposits. Fazenda-Butia hosts Measured mineral resources of 4.6 million tonnes grading 0.88 g/t gold containing 132,000 ounces of gold and Indicated mineral resources of 8.3 million tonnes grading 0.92 g/t gold containing 246,000 ounces of gold (total Measured and Indicated mineral resources of 12.9 million tonnes grading 0.91 g/t gold containing 377,000 ounces of gold) and Inferred mineral resources of 3.7 million tonnes grading 0.97 g/t gold containing 115,000 ounces of gold. Cerrito hosts Indicated mineral resources of 8.3 million tonnes grading 0.70 g/t gold containing 188,000 ounces of gold and Inferred mineral resources of 13.2 million tonnes grading 0.69 g/t gold containing 293,000 ounces of gold. Mineral resources are reported at a gold cut-off grade of 0.30 g/t. Numbers may not sum due to rounding. Mineral resources are not mineral reserves and do not have demonstrated economic viability. No mineral resources have been estimated at Caneleira, Cerrito North or Matilde.
1. NI 43-101 Technical Report Mineral Resource for the Butia Gold Prospect, Rio Grande do Sul, Brasil. Prepared by VMG Consultoria e Soluções Ltda., effective date January 25, 2022, amended report date November 15, 2024.
2. NI 43-101 Technical Report Mineral Resource for the Cerrito Gold Prospect, Rio Grande do Sul, Brasil. Prepared by VMG Consultoria e Soluções Ltda., effective date May 31, 2022, amended report date November 15, 2024. These reports are available on the Company's website and at www.sedarplus.ca under Lavras Gold's issuer profile.
About Lavras Gold Corp.
Lavras Gold Corp. is a Canadian exploration company focused on realizing the potential of its LDS Project situated in a highly prospective gold district in southern Brazil. The LDS Project is located near the town of Lavras do Sul in Rio Grande do Sul State, Brazil, and is primarily an intrusive-hosted gold system of possible alkaline affinity. More than 24 gold prospects centred on historic gold workings have been identified on the LDS Project properties, which span approximately 20,300 hectares. For more information on Lavras Gold visit www.lavrasgold.com.
Disclaimer: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements: This news release includes certain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively "forward-looking statements"). Forward-looking information in this news release includes, but is not limited to: statements regarding the interpretation of the Company's soil and drill core geochemistry, including the existence, extent, continuity and significance of the interpreted gold-in-soil corridor and of the Matilde-Cerrito South and eastern boundary trends; the interpreted relationship between geochemical associations, hydrothermal alteration and gold mineralization; the prospectivity of the Cerrito North, Matilde, Aurora and Dourada target areas and the expectation that they warrant follow-up or drill testing; the planned recalibration of the levelling of the Cerrito North soil dataset; the planned infill soil programme; the commencement, scope, sequencing and duration of drilling at the Caneleira Target; and the advancement and permitting of Fazenda-Butia.
Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking information is based on management's current expectations and assumptions, including assumptions regarding the reliability and comparability of historical geochemical data generated by previous operators and by different laboratories and analytical methods, the validity of the statistical levelling applied to that data, exploration results, geological continuity, the availability of drill rigs, personnel and equipment, field and weather conditions, laboratory turnaround times, regulatory approvals, financing, commodity prices and the Company's ability to execute its exploration and development plans.
Actual results may differ materially as a result of exploration risk, the possibility that further work does not confirm current geological or geochemical interpretations, the risk that soil geochemical, geophysical and grab sample results do not reflect the presence of economically recoverable mineralization, changes in project parameters as plans continue to be refined, results of future mineral resource estimates and technical studies, availability and cost of capital, changes in commodity prices, delays in laboratory results or regulatory approvals, title risks, environmental risks and other risks described in the Company's continuous disclosure filings. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable securities laws, the Company undertakes no obligation to update such information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/318657
Source: Lavras Gold Corp.
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SanDisk Corp. (NASDAQ:SNDK) could rise about 102% to $3,000 over the next two years, according to Nicholas Mugalli, CEO and principal of World Trade Securities, who says projected earnings could leave the stock trading at less than nine times earnings even at that price.
Mugalli Sees Roughly $330 In Future EPSMugalli based his valuation on Mizuho’s FY2030 revenue estimate of more than $80 billion and SanDisk’s long-term financial framework, which calls for approximately 75% non-GAAP operating margins.
"As for SanDisk, Mizuho has FY2030 revenue above $80 billion," Mugalli told Benzinga exclusively. Using those assumptions and about 155 million shares, Mugalli estimates earnings could reach roughly $330 per share.
"$3,000 is less than 9 times that…if you know what I mean," he said. A price-to-earnings ratio compares a company’s share price with its earnings per share. At $3,000, dividing the share price by Mugalli’s roughly $330 EPS estimate produces a multiple of about 9.1 times.
Mugalli said his investment horizon for both SanDisk and Micron Technology Inc. (NASDAQ:MU) is 24 months. SanDisk closed Monday at $1,487.33, making a move to $3,000 equivalent to roughly 101.7% upside from that level.
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Contract Commitments Support SanDisk ThesisMugalli also pointed to SanDisk’s customer commitments when discussing the stock’s upside potential. "SanDisk has probably more upside and the cleaner contract story," he said.
He said about half of SanDisk’s fiscal 2027 bits and two-thirds of its fiscal 2028 bits are already committed. Mugalli also highlighted high-bandwidth flash, or HBF, saying it represents "an option you aren’t paying for."
Earnings Next In FocusSanDisk is scheduled to report its first-quarter earnings on Oct. 29. According to Benzinga, analysts expect earnings of $46.0 per share and revenue of $10.67 billion, compared with $1.22 per share and $2.31 billion, respectively, a year earlier.
At the last check, the stock was 3.52% lower in overnight trading. It was higher by 1172.20% over the last year, 526.56% year-to-date, and lower by 8.94% over the last month. The stock closed down 5.97% at $1,487.33 on Monday.
Benzinga’s Edge Stock Rankings indicate that SNDK maintains a strong price trend in the long term but a weak trend in the short and medium terms, with a bad value score.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Vancouver, British Columbia--(Newsfile Corp. - October 13, 2026) - District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQX: DMXCF) (FSE: DFPP); ("District" or the "Company") is pleased to announce that the first drill hole, VIK-26-001, completed at Target A on the Viken Property (Figures 1 to 3) in Jämtland County, central Sweden, intersected a thick interval of Alum Shale from 43.7 to 198.5 m representing a downhole interval of 154.8 m (Table 1).
This successful intersection demonstrates that the MobileMT geophysical survey flown by District in 2025 has identified a shallow and thick sequence of graphitic Alum Shale associated with the strongly conductive signature exhibited by Target A. This result provides important initial validation of the Company's geophysical targeting approach and supports the use of MobileMT to identify prospective Alum Shale targets outside of the Viken Deposit.
Garrett Ainsworth, CEO of District, commented: "We are very pleased by the results from our first drill hole at Target A, which intersected a 154.8 m interval of Alum Shale starting at a shallow depth of 43.7 m downhole. This is an important initial success for our exploration program and provides confirmation that the MobileMT geophysical survey flown in 2025 is an effective tool for identifying shallow, thick sequences of Alum Shale on the Viken Property.
Our objective is to use modern geophysical techniques to identify additional prospective areas across our extensive land position and to better understand the distribution and potential of Alum Shale beyond the known Viken Deposit. The results from drill hole VIK-26-001 represent a successful first step in evaluating Target A, and the broader exploration potential of the Viken Property."
Next Steps
District will continue drilling broadly across Target Areas A and B by integrating geological drill data with geophysical interpretations to refine our understanding of the distribution and continuity of Alum Shales. Further information will be provided as the drill program advances.
Geochemical results will be required to determine the presence, grade and continuity of mineralized Alum Shale horizons, as visual drill core logging and radioactivity alone is not sufficient to establish mineralization.
Figure 1: Location of Drill Hole VIK-26-001 at Target Area A on the Viken Property
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Figure 2: Location of Drill Hole VIK-26-001 within Target Area A
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https://images.newsfilecorp.com/files/7971/318642_92e561df3498596c_003full.jpg
Figure 3: VIK-26-001 Alum Shale in Core Box B-29
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Table 1 - Viken Property Alum Shale Intervals
Drill HoleAlum Shale intervalHandheld
RadioactivityLithologyHole IDAzimuthDipTotal Depth
(m)From
(m)To
(m)Interval
(m)Counts per Second
(CPS)Visual logging
interpretationVIK-26-001--90299.5043.70198.50154.80240 - 625Graphitic Black shale
(Alum Shale Fm)Notes:
All intervals are core lengths, and true thickness is yet to be determined. A mineral resource estimate is required before true thickness can be estimated.
A handheld Exploranium GR-110 scintillometer was used to record radioactivity in counts per second (CPS) across the drill core.
Technical Information
All scientific and technical information in this news release has been prepared by, or approved by Garrett Ainsworth, P.Geo, President and CEO of the Company. Mr. Ainsworth is a Qualified Person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").
Mr. Ainsworth has not verified any of the information regarding any of the properties or projects referred to herein other than the Viken Property. Mineralization on any other properties referred to herein is not necessarily indicative of mineralization on the Viken Property.
About District Metals Corp.
District Metals Corp. is led by industry professionals with a track record of success in the mining industry. The Company's mandate is to seek out, explore, and develop prospective mineral properties through a disciplined science-based approach to create shareholder value and benefit other stakeholders. District is a 2025 TSX Venture 50 company, ranking among the top-performing issuers on the TSX Venture Exchange in the past year.
District is a uranium polymetallic exploration company focused on its flagship Viken Property in Sweden. The Viken Property covers 100% of the Viken Deposit, which contains the largest undeveloped Mineral Resource Estimate of uranium in the worldi along with significant Mineral Resource Estimates of vanadium, potash, molybdenum, nickel, copper, zinc, and other important and critical raw materials.
On July 17, 2026, the Company filed a technical report prepared in accordance with NI 43-101 disclosing the results of a Preliminary Economic Assessment (the "PEA") for the Viken Deposit that outlined an after-tax NPV8% of US$2.88 billion, IRR of 45.9%, and payback period of 2.1 years. The assessment included an initial capital cost of US$876 million to generate average after-tax free cash flow of US$531 million per year over the 13 years of life of mine production.
For further information on the Viken Deposit, please see the technical report entitled "Preliminary Economic Assessment on the Viken Energy Metals Project, Jämtland County, Sweden", dated July 17, 2026 with an effective date of June 26, 2026 available under the Company's SEDAR+ profile at www.sedarplus.ca.
Neither the 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.
This news release contains certain statements that may be considered "forward-looking information" with respect to the Company within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects" or "does not expect", "is expected", "an opportunity exists", "is positioned", "estimates", "intends", "assumes", "anticipates" or "does not anticipate" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will" or "will be taken", "occur" or "be achieved" and any similar expressions. In addition, any statements that refer to expectations, predictions, indications, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events. Forward-looking information in this news release relating to the Company include, among other things, statements relating to uranium and Alum Shale mining regulation in Sweden; exploration of the Company's Alum Shale properties; the economic parameters of the PEA and the Viken Deposit; potential of the Viken Deposit; targets for further exploration; Mineral Resource estimates; the cost and timing of any development of the Viken Deposit; the proposed mine plan and mining methods; mining recoveries; processing method and rates; production rates; projected metallurgical recovery rates; infrastructure requirements; capital and operating cost estimates; the projected LOM and other expected attributes of the Viken Deposit; the NPV, IRR and payback period of capital; the uranium industry and uranium prices; government regulations and permitting; estimates of reclamation obligations and closure costs; requirements for additional capital; expectations with respect to project development and permitting, construction and operational processes; availability of services to be provided by third parties; future development methods and plans; and other activities, events or developments that are expected, anticipated or may occur in the future.
These statements and other forward-looking information are based on opinions, assumptions and estimates made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes are appropriate and reasonable in the circumstances, as of the date of this news release, including, without limitation, the reliability of exploration and drill results; reliability of data and the accuracy of publicly reported information regarding current, past and historic mines in the Bergslagen district and in respect of the Swedish properties; uranium and Alum Shale exploration and mining regulation in Sweden; the Company's ability to raise sufficient capital to fund planned exploration activities, maintain corporate capacity; stability in financial and capital markets; the Company's ability to complete its planned exploration programs; the absence of adverse conditions at mineral properties; no unforeseen operational delays; no material delays in obtaining necessary permits; the price of metals remaining at levels that render mineral properties economic.
Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date such statements are made, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks associated with the following: the results of the inquiry into the mining of Alum Shale in Sweden and the possibility that it will be the subject of a municipal veto; uranium exploration and mining regulation in Sweden; the reliability of historic data on District's properties; the Company's ability to raise sufficient capital to finance planned exploration; the Company's limited operating history; the Company's negative operating cash flow and dependence on third-party financing; the uncertainty of additional funding; the uncertainties associated with early stage exploration activities including general economic, market and business conditions, the regulatory process, failure to obtain necessary permits and approvals, technical issues, potential delays, unexpected events and management's capacity to execute and implement its future plans; the Company's ability to identify Mineral Resources and Mineral Reserves; the substantial expenditures required to establish Mineral Reserves through drilling and the estimation of Mineral Reserves or Mineral Resources; the uncertainty of estimates used to calculated mineralization figures; changes in governmental regulations; compliance with applicable laws and regulations; competition for future resource acquisitions and skilled industry personnel; reliance on key personnel; title matters; conflicts of interest; environmental laws and regulations and associated risks, including climate change legislation; land reclamation requirements; changes in government policies; volatility of the Company's share price; the unlikelihood that shareholders will receive dividends from the Company; potential future acquisitions and joint ventures; infrastructure risks; fluctuations in demand for, and prices of metals; fluctuations in foreign currency exchange rates; legal proceedings and the enforceability of judgments; going concern risk; risks related to the Company's information technology systems and cyber-security risks; and risk related to the outbreak of epidemics or pandemics or other health crises. These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company. These factors and assumptions, however, should be considered carefully. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Also, many of such factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release, and the Company assumes no obligation to publicly update or revise such forward-looking information, except as required by applicable securities laws.
i S&P Global Market Intelligence - Market Intelligence Research
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/318642
Source: District Metals Corp.
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Target (TGT - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this retailer have returned -1.4% over the past month versus the Zacks S&P 500 composite's +2.4% change. The Zacks Retail - Discount Stores industry, to which Target belongs, has gained 4.5% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Target is expected to post earnings of $2.08 per share for the current quarter, representing a year-over-year change of +16.9%. Over the last 30 days, the Zacks Consensus Estimate has changed +1%.
For the current fiscal year, the consensus earnings estimate of $10.43 points to a change of +37.8% from the prior year. Over the last 30 days, this estimate has changed +0.5%.
For the next fiscal year, the consensus earnings estimate of $9.44 indicates a change of -9.5% from what Target is expected to report a year ago. Over the past month, the estimate has changed +0.4%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Target is rated Zacks Rank #2 (Buy).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Target, the consensus sales estimate of $26.37 billion for the current quarter points to a year-over-year change of +4.3%. The $110.11 billion and $113.56 billion estimates for the current and next fiscal years indicate changes of +5.1% and +3.1%, respectively.
Last Reported Results and Surprise HistoryTarget reported revenues of $26.54 billion in the last reported quarter, representing a year-over-year change of +5.3%. EPS of $2.46 for the same period compares with $2.05 a year ago.
Compared to the Zacks Consensus Estimate of $26.13 billion, the reported revenues represent a surprise of +1.57%. The EPS surprise was +6.96%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates two times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Target is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Target. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.
Key Takeaways Target's non-merchandise sales jumped 20.1% in Q2, far outpacing the 5% growth in merchandise sales.Roundel billings rose nearly 20%, while Target GMV and Target Circle 360 revenues each surged more than 40%.Higher-margin advertising and non-merchandise revenues helped lift Target's gross margin by about 100 bps. Target Corporation (TGT - Free Report) is witnessing strong momentum in its non-merchandise businesses, which are emerging as important contributors to revenue growth and profitability. The company's advertising platform, Roundel, Target+ marketplace and Target Circle 360 membership program are expanding rapidly, creating opportunities to generate higher-margin revenues beyond traditional merchandise sales. The second-quarter fiscal 2026 results highlighted the growing importance of these businesses to Target's financial performance.
Non-merchandise sales increased 20.1% year over year during the quarter, significantly outpacing the 5% growth in merchandise sales. Roundel's gross billings advanced nearly 20%, while gross merchandise volume (GMV) on the Target+ marketplace surged more than 40%. Target Circle 360 membership revenues also increased more than 40%, reflecting continued momentum across the company's digital advertising, marketplace and membership offerings.
These businesses are contributing to Target's profitability as well. Management highlighted their outsized contribution to top- and bottom-line growth, with higher-margin revenue streams supporting gross margin expansion. Excluding tariff refund benefits, the company's gross margin rate improved approximately 100 basis points year over year, partly reflecting continued growth in advertising and non-merchandise sales.
While these businesses represent a smaller portion of Target's overall sales, their faster expansion highlights an evolving revenue mix. The sustained expansion of these businesses suggests that Target is developing additional earnings opportunities beyond product sales.
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 14% over the past three months compared with the industry’s 0.3% rise. Shares of Dollar General and Costco have jumped 3.1% and 2.2%, respectively, in the aforementioned period.
Image Source: Zacks Investment Research
What Does Target’s Current Valuation Suggest?From a valuation standpoint, Target's forward 12-month price-to-earnings ratio stands at 15.77, lower than the industry’s 27.76. However, the stock is trading above its 12-month median level of 14.93.
Target is trading at a discount to Costco (forward 12-month P/E of 41.03) but at a premium to Dollar General (15.41).
Image Source: Zacks Investment Research
What Do Earnings Estimates Signal for Target?The Zacks Consensus Estimate for Target’s current fiscal-year sales and earnings per share implies year-over-year growth of 5.1% and 37.8%, respectively. For the next fiscal year, the consensus estimate indicates a 3.1% rise in sales but a decline of 9.5% in earnings per share.
Image Source: Zacks Investment Research
Target’s Investment CaseTarget’s improving traffic, stronger digital momentum, broad-based category growth and better inventory reliability indicate that its refreshed strategy is gaining traction. Same-day delivery growth, continued price investments and higher-margin revenue streams further strengthen the operating backdrop. Management also raised fiscal 2026 sales and EPS guidance, reflecting greater confidence in underlying momentum. These factors support a constructive investment view on this Zacks Rank #2 (Buy) stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Grab Holdings Limited (GRAB) remains a Strong Buy, with a base case valuation of $7.50–$8.00 per share despite regulatory and credit risks. GRAB posted 22% revenue growth, expanding margins, and raised 2026 and 2028 Adjusted EBITDA guidance to $730M and $1.7B, respectively. Indonesia's commission cap is now a manageable margin drag, not a thesis-breaker; Thailand's regulatory trajectory is the next key risk to monitor.
