Coal Archives - Page 5 of 45

(Bloomberg) — In the Outback’s blistering-hot mining sites, the hours are long and the flies relentless. Now, in a bid to attract skilled workers and overcome a labor supply crunch, Australia’s iron ore companies are turning to Olympic-sized swimming pools, virtual golf arcades and fine dining.

For Immediate Release

Chicago, IL – September 24, 2021 – Stocks in this week’s article are Best Buy Co., Inc. BBY, Peabody Energy Corporation BTU, Citi Trends, Inc. CTRN, Caleres, Inc. CAL and Commercial Metals Company CMC.

5 Broker-Friendly Stocks to Buy Amid Current Market Struggles

Per a CNBC report, the S&P 500, the tech-heavy Nasdaq composite and the Dow Jones Industrial Average dipped 1.7%, 2.2% and 1.8%, respectively, on Sep 20. While the S&P 500's performance on Sep 20 was the worst (on a daily basis) since May 12, the Dow posted its biggest one-day loss since Jul 19.

The Evergrande crisis apart, U.S. investors are worried about the rapid spread of the Delta variant of COVID-19, which is threatening to derail economic growth witnessed prior to the transmission of this deadly strain.

However, irrespective of the prevalent market conditions, investors strive to design a winning basket of stocks. They are after all putting their hard-earned money into stocks. Amid the existing uncertainties, it is almost impossible for individual investors to come up with a promising portfolio of stocks without proper guidance. Therefore, it is in the best interest of investors to seek advice from "experts in the field."

Who Are the Experts & Why?

The "experts" in the field of investing are brokers who are equipped with thorough knowledge about the space. Brokers, irrespective of their types (sell-side, buy-side or independent), have at their disposal a lot more information on a company and its prospects than individual investors.

To attain their objective, they go through minute details of the publicly available financial documents apart from attending company conference calls and other presentations. Broker opinion should thus act as a valuable guide for investors while deciding their course of action (buy, sell or hold) on a particular stock.

Since brokers meticulously follow the stocks in their coverage, they revise their earnings estimates after carefully examining the pros and cons of an event for the concerned company. Naturally, their estimate revisions serve as an important pointer regarding the price of a stock. To take care of the earnings performance, we designed a screen based on improving broker recommendations and upward estimate revisions over the last four weeks.

Do not Ignore the Top Line

However, designing a strategy based solely on the bottom line is unlikely to result in a rewarding approach. Actually, according to many market watchers, a revenue beat is more creditable for a company than a mere earnings outperformance. To address the top-line concerns, we included in our screen the price/sales ratio, which serves as a strong complementary valuation metric.

For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1799926/5-broker-friendly-stocks-to-buy-amid-the-current-market-crisis

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.

About Screen of the Week

Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.

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Peabody Energy Corporation (BTU) : Free Stock Analysis Report

Best Buy Co., Inc. (BBY) : Free Stock Analysis Report

Citi Trends, Inc. (CTRN): Free Stock Analysis Report

Commercial Metals Company (CMC) : Free Stock Analysis Report

Caleres, Inc. (CAL) : Free Stock Analysis Report

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Zacks Investment Research

Rising digital engagement has radically transformed the way companies reach out to customers. Supermarket biggie, Albertsons Companies, Inc. ACI, has been proactive when it comes to adopting innovative digital capabilities to boost the business. Per market sources, Albertsons has entered into a tie up with tech startup Firework to develop shoppable, short-form videos and livestream content. Firework is essentially a video platform, designed for livestream video experience. Let’s take a closer look at this latest initiative.

Albertsons Steps Into Shoppable Videos Space

According to sources, Albertsons will be the first grocery retailer to adopt the Firework platform. Firework, which touts itself as a “shoppertainment" specialist, has partnered with Albertsons on a three-phase deployment that will start with the debut of cooking videos and other short video content. These videos will be featured on Albertsons store websites, including more than 20 supermarket banners. The videos will also have swipeable functionality, which will likely help shoppers to build their baskets and learn more about featured products. Firework’s interactive platform will enable Albertsons to make use of data and technological capabilities to personalize its offerings. This is likely to help the company to provide its brands with greater digital shelf space.

Through this latest move, the company will be able to offer online customers with the immersive experience of shopping within a store. The video and livestream functionalities are expected to attract greater traffic to Albertsons’ digital platforms and encourage them to purchase groceries. Shoppable videos are likely to feature on the company’s websites by the middle of October, highlighting food-related content like recipes and preparation tips. These videos are likely to be 30 seconds long, optimized for mobile devices. The company will move into livestreaming and sponsored video ads next year.

The heightened digital dependency witnessed during the pandemic served as an opportunity for retailers to explore and come up with innovative digital content. Shoppable videos are gathering much popularity in retail media, utilizing platforms such as YouTube, TikTok and Twitch. Albertsons’ latest move to partner with Firework will help the grocer to make significant headway in the shoppable video space.

Image Source: Zacks Investment Research

Efforts to Boost Digital Capabilities is Encouraging

Albertsons has been ramping up its digital pursuits and connecting with customers in new and innovative ways. In prior efforts, the company partnered with Google to create an interactive and convenient shopping experience. It has also been working with Adobe to bring more personalization to its omnichannel platform. The company also installed automated PickUp kiosks, in collaboration with Cleveron, in stores. Its alliance with DoorDash, to expedite grocery delivery services, is encouraging. Albertsons is striving to expand Drive Up & Go services to more retail outlets and teamed up with third-party operators to provide seamless deliveries.

Albertsons is undertaking prudent efforts to offer superior digital experiences and services to online shoppers. These measures are likely to continue supporting the company’s top line in the forthcoming periods.

Shares of this Zacks Rank #3 (Hold) company have surged 53.4% in the past three months against the industry’s decline of 8.7%.

3 Stocks You Can’t Miss

Walmart Inc. WMT, carrying a Zacks Rank #2 (Buy), has a long-term earnings growth rate of 5.5%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Kroger Co. KR, which currently carries a Zacks Rank #2, has a long-term earnings growth rate of 8.9%.

Costco Wholesale Corporation COST, with a Zacks Rank #2, has a long-term earnings growth rate of 9.3%.

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Walmart Inc. (WMT) : Free Stock Analysis Report

The Kroger Co. (KR) : Free Stock Analysis Report

Albertsons Companies, Inc. (ACI) : Free Stock Analysis Report

Costco Wholesale Corporation (COST) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

For Immediate Release

Chicago, IL – September 23, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Korn Ferry KFY, Nikon Corporation NINOY, Peabody Energy Corporation BTU, Citi Trends, Inc. CTRN and Tilly’s, Inc. TLYS.

Here are highlights from Wednesday’s Analyst Blog:

5 Smaller Beaten-Down Stocks with Strong Growth Potential

We like to think that the markets behave rationally. And they perhaps do, over the longer term. But there are many small things that happen day to day that have an outsized impact on investor confidence.

A case in point is the probable fall of Evergrande, the big Chinese real estate company that got ahead of itself with $300 billion in debt as it sought to expand to around 1,300 projects across 280 Chinese cities, as well as wealth management, electric cars, and food and drink manufacturing. The company is set to make interest payments of $84 million on Thursday, but there are real concerns that it won't be able to pay, since a severe cash crunch already has it paying its wealth management customers with property.

Okay, now why should that scare investors in the U.S. you might ask. The answer could be in the same supply chains that we have been talking about the past few months, as well as increases/decreases in demand and supply and the related impact on prices that inevitably follow when any big event disrupts the equilibrium. Credit and financial markets are also somewhat interlinked, so there could be some concerns related to that.

And then of course, there are the Chinese stocks, the largest of which appear to have been impacted by the news. Investors able to handle more risk may consider Chinese stocks, although the SEC continues to discourage these investments, not least because they're not really holdings in the companies themselves, but really a share in their holding companies under a VIE arrangement, which further adds to risk.

But honestly, Evergrande is a Chinese internal matter, and it does not appear at the moment to be impacting the U.S. in any material way.

The FOMC meeting could also be weighing on sentiments, especially as regards the tapering of the $120 billion-a-month pace of asset purchases and subsequent interest rate hikes. The tapering will precede any interest rate hike but could be delayed given the rate at which delta is spreading.

And going by past indications, we are probably looking at a couple of 25 basis point hikes by the end of 2023, not before. So the upcoming meeting is very likely to be uneventful, or at the most a confirmation of already-known facts. But we'll have to see if there's any change of tone.

In the meantime, we can make the most of this volatility by buying some good shares cheap-

Korn Ferry

Korn Ferry International is one of the world's largest recruitment firms filling positions in the middle to executive management levels of public and private companies, middle-market and emerging growth companies as well as governmental and not-for-profit organizations. It operates on a retainer basis.

The stock is clearly poised for near-term appreciation given its Zacks #1 (Strong Buy) rank and Momentum Score of A. The fact that it belongs to the Staffing Firms industry (top 19%), is a supportive factor. As economies open up around the world, staffing demand is picking up. This along with the labor crunch in the U.S. makes this segment a great reopening bet.

So the 3.4% price decline in the past week is nothing but an opportunity to grab some shares cheap. And considering the fact that they're trading at a 14.22X P/E multiple, which is below the S&P's 20.94X and their own median over the past year of 19.78X, the shares are certainly cheap.

What's more, the 2021 earnings estimate for KFY moved up from $4.12 to $5.10, an increase of 23.8% in the last 30 days. The 2022 estimate went from $4.60 to $4.89 (up 6.3%) while the current quarter estimate increased 38 cents (38.4%) in the last 30 days. That's more reason to buy KFY at $71.28 a share.

Nikon Corp.

Nikon manufactures and sells a broad range of products including imaging products (33% revenue share), precision lithography equipment for front-end semiconductor manufacturing for FPD, LCD and LOLED applications (41% share), medical instruments (14%) and other industrial metrology (12%).

The Zacks Rank #2 (Buy) stock has a Momentum Score of A, indicating near-term upside potential. It also belongs to the Electronics – Manufacturing Machinery industry, which is currently placed in the top 28% of Zacks-classified industries. The U.S. manufacturing segment is extremely strong at the moment, as seen from recent government-released data, which is positive for all players.

Nikon's numbers further bear out this thesis: the 2021 estimate is up 12 cents (24.0%) in the last 30 days while the 2022 estimate is up 6 cents (9.5%). The current quarter estimate is up 4 cents (40%).

Despite these strengths, the shares lost 4.3% of their value in the past week and now trade at a 0.95X P/S, which is between the median value of 0.77X and the high of 0.97X. The S&P is way above at 4.80X.

So at $12.07, they are really worth buying.

Peabody Energy Corp.

Peabody Energy serves metallurgical and thermal coal customers primarily in Arizona, Colorado, New Mexico, Wyoming, Illinois, Indiana and Australia. It has an eye on sustainable mining and clean coal technologies.

The Zacks Rank #2 stock has a Momentum Score of A. It belongs to the Coal industry (top 48% of Zacks-ranked industries). The ongoing strength in the steel industry is also driving demand for and prices of metallurgical coal, which is required to make coking coal used in the blast furnaces of steel producers.

The company's shares sank 19.0% over the past week and currently trade at a P/S ratio of 0.51X, which is between the median of 0.13X and high of 0.70X over the past year and well below the S&P 500's 4.80X.

So this looks like a very good time to capture the growth these shares represent: its 2021 estimate went from a loss of -$0.55 a share to a profit of $0.77 a share within the last 30 days. What's more, the estimate for 2022 also moved from -$0.16 to $0.72 while the current-quarter estimate went from 45 cents to 72 cents.

The shares cost just $13.98 each.

Citi Trends

Citi Trends is a leading value-priced retailer of urban fashion apparel and accessories, as well as a limited assortment of home décor items targeted at fashion conscious African-American men, women and children.

It belongs to the Retail – Apparel and Shoes industry, which is in the top 18% of Zacks-classified industries. The industry is about to enter what promises to be a very strong selling season, although the delta variant could push back some of the reopening spend.

But analysts appear highly optimistic about the company's growth: its 2021 estimate is up from $5.00 to $6.50 (a 30% increase) in the last 30 days. The 2022 estimate is up $1.35 (23.5%). The estimate for the current quarter is up 10 cents (45.5%).

The Zacks Rank #1 stock has a Momentum Score of A. After the 5.2% price slide over the past week, it is trading at $72.09, or a 10.48X P/E multiple, below the 17.20X median level since it started trading in January.

Tilly’s

Tilly's is a web-based specialty retailer in the action sports category selling clothing, shoes and accessories for men, women and children. It belongs, like CTRN, to the Retail – Apparel and Shoes industry.

Its #1 rank and Momentum Score of A are indicative of upside in the near term. But despite the 39-cent (29.8%) increase in its 2021 estimate, 21-cent (17.4%) increase in its 2022 estimate and 10 cent (43.5%) increase in the current-quarter estimate in the last 30 days, the shares actually dropped 3.2% in the past week.

TLYS shares currently trade at a P/S of 0.58X, which is close to their median value of 0.57X over the past year. So, at $14.20 a piece, they're definitely worth buying.

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KornFerry International (KFY) : Free Stock Analysis Report

Peabody Energy Corporation (BTU) : Free Stock Analysis Report

Citi Trends, Inc. (CTRN): Free Stock Analysis Report

Tillys, Inc. (TLYS) : Free Stock Analysis Report

Nikon Corp. (NINOY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The crisis triggered by fears over the potential collapse of a debt-ridden Evergrande Group has shaken the global stock markets. As a result of this cascading effect of the troubles in China’s property market, major indexes in the United States continue to suffer. Per a CNBC report, the S&P 500, the tech-heavy Nasdaq composite and the Dow Jones Industrial Average dipped 1.7%, 2.2% and 1.8%, respectively, on Sep 20. While the S&P 500’s performance on Sep 20 was the worst (on a daily basis) since May 12, the Dow posted its biggest one-day loss since Jul 19.

Who Are the Experts & Why?

The “experts” in the field of investing are brokers who are equipped with thorough knowledge about the space. Brokers, irrespective of their types (sell-side, buy-side or independent), have at their disposal a lot more information on a company and its prospects than individual investors.

Do not Ignore the Top Line

Screening Criteria

# (Up- Down Rating)/ Total (4 weeks) =Top #75 (This gives the list of top 75 companies that have witnessed net upgrades over the last 4 weeks).

% change in Q (1) est. (4 weeks) = Top #10 (This gives the top 10 stocks that have witnessed earnings estimate revisions over the past 4 weeks for the upcoming quarter).

We have also added the following screening parameters to ensure that the strategy is a winning one:

Price-to-Sales = Bot%10 (The lower the ratio the better, companies meeting this criteria are in bottom 10% of our universe of over 7,700 stocks with respect to this ratio).

Price greater than 5 (as a stock trading below $5 will not likely create significant interest for most of the investors).

Average Daily Volume greater than 100,000 shares over the last 20 trading days (Volume has to be significant to ensure that these are easily traded).

Market value ($ mil) = Top #3000 (This gives us stocks that are the top 3000 in terms of market capitalization).

Com/ADR/Canadian= Com (This takes out the ADR and Canadian stocks).

Here are five of the 10 stocks that made it through the screen:

Best Buy Company BBY is a multinational specialty retailer of consumer electronics, home office products, entertainment software, communication, food preparation, wellness, heath, security, appliances and related services. The company continuously focuses on improving its digital capabilities. Best Buy, currently carrying a Zacks Rank #2 (Buy), is constantly conducting various tests and pilots to become a more customer-centric, digitally-focused, efficient company. Its liquidity position is also sound. Backed by these tailwinds, the stock has seen the Zacks Consensus Estimate for current-year earnings move 16.92% north over the past 60 days. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Peabody Energy BTU: St Louis, MO-based Peabody Energy engages in the coal-mining business and has both thermal and metallurgical operations to manage. Revival in the domestic and international coal markets augurs well for this currently Zacks #2 Ranked stock that outperformed on earnings in three of the last four quarters (lagging the consensus mark in the remaining one).

Citi Trends CTRN is a leading value-priced retailer of urban fashion apparel and accessories including nationally recognized brands, private-label products and a limited assortment of home décor items. The company primarily targets fashion conscious African-American customers, offering branded merchandise at about 20-70% discount compared with the regular prices at department and specialty stores. The company is being well-served by the increase in sales. Efforts to reward its shareholders through share buybacks are also commendable. The stock currently sports a Zacks Rank #1.

Caleres CAL: This Saint Louis-based company, currently sporting a Zacks Rank of 1, engages in the retail and wholesale of footwear. Strong performance of its Famous Footwear and Brand Portfolio segments are driving the top line. The company outperformed on earnings in each of the last four quarters, the average being in excess of 100%.

Commercial Metals Company CMC manufactures, recycles and markets steel and metal products, related materials and services. This Irving, TX-based company is presently Zacks #1 Ranked. Growth in the construction markets in the United States and Europe and favorable market conditions in Poland bode well for Commercial Metals. Investment in capacity and acquisitions is likely to drive growth. The company outperformed on earnings in each of the last four quarters, the average being 17.51%.

You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.

The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.

Click here to sign up for a free trial to the Research Wizard today.

Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.

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Peabody Energy Corporation (BTU) : Free Stock Analysis Report

Best Buy Co., Inc. (BBY) : Free Stock Analysis Report

Citi Trends, Inc. (CTRN): Free Stock Analysis Report

Commercial Metals Company (CMC) : Free Stock Analysis Report

Caleres, Inc. (CAL) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

BOISE, Idaho, September 23, 2021–(BUSINESS WIRE)–Albertsons Companies, Inc. (NYSE: ACI) received the Safer Choice Partner of the Year Award from the U.S. Environmental Protection Agency (EPA) for the company’s efforts to provide products that use safer chemicals.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210923005879/en/

Albertsons Companies received the Safer Choice Partner of the Year Award from the U.S. Environmental Protection Agency (EPA) for the company’s efforts to provide products that use safer chemicals. (Photo: Business Wire)

The company was recognized in the "Retailer" category for launching new Safer Choice-certified Own Brands products, raising awareness of the Safer Choice certification, and helping to identify opportunities for educating consumers to make informed buying decisions. Since the inception of the EPA program in 2015, Albertsons Cos. has received the award four times.

"Our Own Brands team continues to innovate products that are safer for people and the environment," said Chad Coester, Senior Vice President, Albertsons Cos. Own Brands. "In 2020, we received Safer Choice Certification on a new product category – laundry detergents. We now have six Open Nature^® laundry detergent products that meet the Safer Choice criteria."

Consumers can identify products made with chemicals that are safer for human health and the environment by the Safer Choice label that appears on the product. This label means the EPA has evaluated the product’s ingredients and determined they meet the necessary criteria. Albertsons Cos. 2,277 stores offer a wide variety of Safer Choice-certified products, including Open Nature^® glass cleaners and laundry detergents that are only available at Albertsons Cos.’ stores.

The company’s exclusive Open Nature^® line was introduced in 2011 and offers products that are free from 110 additives with no artificial colors, flavors, or preservatives. Today Open Nature^® offers 600 items throughout the store in multiple categories, including meat, seafood, meal ingredients, and snacks, as well as care items for home, baby, pet, and personal care for consumers looking for high-quality, minimally processed products that are better for their family, pets, and the environment.

All Safer Choice Certified Open Nature^® products feature the Safer Choice label on the front, along with a QR code on the back for easy access to more information. The six new Open Nature laundry detergent containers are recyclable, made with 25%+ recycled plastic content and have a How2Recycle® label that provides customers with clear communications on how to properly recycle the containers. All of these features are part of Albertsons Cos.’ Plastics and Packaging Pledge, which aims to advance packaging sustainability throughout the company, starting with its extensive Own Brands portfolio.

"Ensuring our products are better for people and the planet is an important priority for Albertsons Cos.," said Darcie Renn, Director of ESG & Sustainability at Albertsons Cos. "These products are great examples of how we are implementing sustainability more holistically throughout our decision-making process, whether it’s innovating product formulations, integrating recycled content in packaging, or leveraging standardized recycling communications for our customers."

In addition to the company’s Plastics and Packaging Pledge, Albertsons Cos. has also committed to setting a Science Based Target to reduce carbon emissions in support of the goals of the United Nations’ Paris Agreement.

About Albertsons Companies

Albertsons Companies is a leading food and drug retailer that operates stores across 34 states and the District of Columbia with more than 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210923005879/en/

Contacts

Kirby Nardo
Kirby.nardo@albertsons.com

Iron ore: Why this left-for-dead metal could rocket, and 4 easy ways to buy it

The last 60 days have been a brutal stretch for iron investors.

As a result of China cutting back on iron ore production as a means of reducing pollution, the iron and steel sectors have both been walloped.

Iron ore prices have collapsed about 60% since a record in May. And in less than two months, three of the world's largest ore miners, Rio Tinto, BHP and Vale have lost roughly $110 billion in market value.

What can we say? It’s tough being Iron Man.

But if you’ve been sniffing around the ore space waiting for the right time to get in, this could be it. China’s restrictions may provide short-term pain for investors, but the planet’s need for iron ore and steel isn’t going away.

Here are four iron-related investments that might be worth pouncing on ⁠— maybe even with your spare change.

1. Rio Tinto (RIO)

Office building of Rio Tinto, one of the biggest mining companies in the world, with regional headquarter in Perth, Western Australia. — Rob Bayer/Shutterstock

Rio Tinto, despite its stock being down almost 30% since the end of July, may be the most intriguing option out there. As one of the world’s largest producers of iron ore, Rio’s shares may be the ones most likely to benefit from an eventual rebound.

In addition to the 16 mines Rio operates in Australia, it also has projects in Serbia, Canada, Mongolia, Guinea and the U.S.

Rio Tinto is not solely an iron play. The company produces a variety of products — copper, diamonds, titanium, aluminum — that the world needs a continual supply of.

Its extensive reach has led to some serious profits: Earnings over the first half of 2021 were $12.2 billion, leading to an interim dividend of $5.61 per share.

Rio Tinto currently trades at just under $70 per share. But you can get a piece of Rio Tinto using a popular stock trading app that allows you to buy fractions of shares with as much money as you’re willing to spend.

2. Vale SA (VALE)

IgorGolovniov/Shutterstock

Shares in Brazil’s Vale SA have lost about 13% of their value in the last month, but a massive first six months of 2021 led the company to announce $7.6 billion in first-half dividends.

That’s the largest payout to investors since 2019.

Vale says it is the world’s largest producer of iron ore and iron pellets. Its biggest operation is its iron ore mine in Carajas, Brazil, one of the richest iron deposits in the world, but it also runs a plant in Oman and has various stakes in joint ventures in China.

In the most recent quarter, Vale posted earnings of $7.6 billion, up more than 600% year-over-year. To be sure, those results were helped by higher iron ore prices at the time.

But with the company on track to hit 2021 guidance of between 315 and 335 million tons of ore production, Vale remains a potent bet on the steelmaking metal.

3. BHP Group (BHP)

T. Schneider/Shutterstock

Australia’s BHP Group has fared even worse than its competitors over the last two months, with its stock losing more than 40% of its value since July 29.

Like Rio Tinto, BHP is involved in more than just iron ore mining. It also has its fingers in petroleum, coal and copper, which makes it a somewhat diversified play.

BHP has been receiving lukewarm assessments from analysts. Zacks, Berenberg Bank and Deutsche Bank all recently rated the company a “hold”, while Liberium Capital downgraded BHG from “hold” to “sell” in July.

The company reported profits of $25.9 billion for the financial year ending June 30. And with BHP having generated $19.3 billion in free cash flow over the past 12 months, it should have some cushion to weather the current storm afflicting iron ore.

If you're still cautious about buying into BHP, some investing apps will give you a free share of BHP just for signing up.

4. VanEck Vectors Steel ETF (SLX)

Packed rolls of steel sheet, Cold rolled steel coils — PhotoStock10/Shutterstock

The VanEck Vectors Steel ETF was riding high from May to August, as rising iron ore prices lifted the fund to its highest value since July of 2011.

The last month has seen the price of SLX shares shrink by about 11%, but compared to the individual companies featured here, that’s not so bad.

SLX tracks the performance of some of the world’s biggest ore producers, including Rio Tinto and Vale, but it also holds large steelmakers including Arcelormittal, Nucor, and U.S. Steel. This bit of diversification should help spread some of your risks around in the event iron ore hits the skids once again.

As of Sept. 21, shares in SLX were selling for around $54.53. The most recent dividend paid out was $0.83 a share in December of 2020.

A quieter commodity play

If the volatility in iron ore markets has you questioning your future as an iron/steel investor, there’s another asset that also provides exposure to rising commodity prices: U.S. farmland.

An investment in farmland allows you to profit from both rising food prices, which should only keep increasing as the global demand for food intensifies, and a rapidly decreasing amount of arable land.

An investment in farmland can also be considered an investment in sustainability.

It’s become a hot topic among ESG investors, and will only continue to grow in prominence now that it’s so easy to invest in.

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

(Bloomberg) — A bidding war for a small Canadian nickel miner is showing no signs of cooling as its largest shareholder, Australian mining magnate Andrew Forrest, took a formal step to increase ownership.

For Immediate Release

Chicago, IL – September 21, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Rio Tinto plc RIO, BHP Group BHP, Vale S.A. VALE and Fortescue Metals Group Ltd. FSUGY.

Here are highlights from Monday’s Analyst Blog:

Iron Ore Prices Fall Below $100 per Ton on Weak China Demand

Iron ore prices have plunged below $100 a ton for the first time since July 2020, as China — the world’s biggest steelmaker — intensified curbs on steel production to lower carbon emissions. Signs of a slowdown across China’s property sector have also acted as a drag on the main steel-making ingredient. Iron ore prices have more than halved from the record $230 per ton attained in May this year. It has lost 34% so far in 2021.

China’s Curb on Steel Output Weighs on Iron

The slump in iron ore makes it one of the worst-performing major commodities this year. This is in sharp contrast to the solid run it had last year, logging a solid gain of 80%. A combination of China’s massive infrastructure stimulus to recover from the pandemic-induced slump, which fueled demand for iron ore, and supply concerns in Brazil due to the coronavirus pandemic drove the prices up. After hitting the record high of $230 earlier this year, iron ore prices started losing steam as China clamped down on the steel industry, which given its high energy consumption and outdated technology and equipment, is one of the biggest contributors to pollution in the country. China has thus repeatedly urged steel mills to reduce output this year to curb carbon emissions.

China remains committed to its pledge reach carbon neutrality by 2060. The country intends to step up its production curbs in a bid to reduce pollution and ensure clearer air for the Winter Olympics coming up in February 2022. This is going to weigh on iron ore demand for the balance of the year.

Per the National Bureau of Statistics of China, the monthly crude steel production in the country was down 13.2% year over year, slipping for the third straight month to 83.24 million tons in August. Average daily output is at the lowest since March 2020. This reflects the impact of the implementation of production restrictions at steel mills.

China’s Property Sector Slowdown Hurts Further

Signs of a slowdown across China’s property sector have hit iron ore prices. The country’s property investment in August rose a meager 0.3% from a year ago — the slowest pace in 18 months.

It is lower than the rise of 1.4% in July, reflecting the tighter financing conditions. China's new home prices rose at their slowest pace in months, as authorities tried to rein in a red-hot property market, and cooling measures were expected to limit home price growth going forward.

China's property market is also grappling with problems at its second-largest property developer, Evergrande Group. It is currently the world's most indebted property developer, owing more than $300 billion in liabilities and nearing a possible default for an interest payment this week.

China Evergrande’s Hong Kong-listed shares fell 10.24% on Sep 17, which underscored concerns about the broader health of China’s real estate sector and triggered a wider sell-off.

Owing to the plunge in iron ore prices, iron ore producers including Rio Tinto, BHP Group, Vale and Fortescue Metals Group have seen their shares tumble 6.8% 13.8%, 8.9% and 22.9%, respectively, over the past month. All of these stocks carry a Zacks Rank #5 (Strong Sell) currently. Lower iron ore prices are expected to impact their results in the ongoing quarter.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here

Neverthless, these miners will benefit from demand in rest of the world. The steel industry is showing promise as demand remains robust across construction and manufacturing sectors across rest of the world. Steel prices continue to race ahead, buoyed by an upturn in demand across key markets, tight supply conditions and low steel inventory throughout the supply chain.

The World Steel Association projects steel demand to grow 5.8% in 2021 and reach 1,874 million. In 2022, steel demand is expected to go up 2.7% to reach 1,924.6 Mt. In China, steel demand is expected to grow 3.0% in 2021 but will decline 1% in 2022 due to the intensified environmental push.

Meanwhile, steel demand will go up 8.2% and 4.2% in 2021 and 2022, respectively, in advanced economies. The ongoing recovery in automotive and construction sectors worldwide will drive demand for steel. In the United States, massive government spending to rebuild infrastructure including railroads, highways and bridges will significantly boost steel demand, thus fueling the need for iron ore.

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Zacks Investment Research

The Hargreaves Services Plc (LON:HSP) share price has had a bad week, falling 14%. But that scarcely detracts from the really solid long term returns generated by the company over five years. Indeed, the share price is up an impressive 149% in that time. To some, the recent pullback wouldn't be surprising after such a fast rise. Only time will tell if there is still too much optimism currently reflected in the share price.

In light of the stock dropping 14% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive five-year return.

View our latest analysis for Hargreaves Services

There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

During the five years of share price growth, Hargreaves Services moved from a loss to profitability. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains. Since the company was unprofitable five years ago, but not three years ago, it's worth taking a look at the returns in the last three years, too. We can see that the Hargreaves Services share price is up 37% in the last three years. During the same period, EPS grew by 137% each year. This EPS growth is higher than the 11% average annual increase in the share price over the same three years. So you might conclude the market is a little more cautious about the stock, these days. This unenthusiastic sentiment is reflected in the stock's reasonably modest P/E ratio of 9.40.

You can see how EPS has changed over time in the image below (click on the chart to see the exact values).

We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. It might be well worthwhile taking a look at our free report on Hargreaves Services' earnings, revenue and cash flow.

What About Dividends?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Hargreaves Services the TSR over the last 5 years was 183%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!

A Different Perspective

It's nice to see that Hargreaves Services shareholders have received a total shareholder return of 141% over the last year. That's including the dividend. That gain is better than the annual TSR over five years, which is 23%. Therefore it seems like sentiment around the company has been positive lately. Someone with an optimistic perspective could view the recent improvement in TSR as indicating that the business itself is getting better with time. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Like risks, for instance. Every company has them, and we've spotted 2 warning signs for Hargreaves Services (of which 1 can't be ignored!) you should know about.

If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on GB exchanges.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

These are the consumer staples stocks with the best value, fastest growth, and most momentum for October 2021.

(Bloomberg) — Australia’s top three iron ore miners have shed a combined $109 billion in share value in less than two months — roughly equivalent to the market cap of General Electric Co. — following a record-breaking price rout.

It’s a dramatic reversal of fortunes for Rio Tinto Group, BHP Group and Fortescue Metals Group Ltd., which only last month were showering record dividends on shareholders after prices of the steel-making ingredient surged to an all-time high above $230 a ton in May. They’ve since plunged to near $90 as China stepped up curbs on steel production to meet environmental goals.

Rio Tinto, the world’s biggest ore producer, has retreated 29% from July 29, BHP is down 30% and Fortescue has plunged 44%. That adds up to value destruction of A$150 billion ($109 billion), Bloomberg calculations show. The three miners together account for more than 8% of Australia’s benchmark S&P/ASX 200 share index, which has slipped 2% over the period.

See also: Iron Ore’s Rout Keeps Rolling as China Imposes More Steel Curbs

There could be more weakness — both in iron ore and the miners’ shares — to come as Beijing doubles down on efforts to cut pollution before it hosts the Winter Olympics next February. The price rout has seen analysts scurrying to their spreadsheets to downgrade earnings forecasts for the big miners. Morgans Financial Ltd. slashed its share price target for Fortescue by more than a quarter to A$14.15 late last week and also trimmed targets for BHP and Rio.

“Despite trading back at lower levels, we remain cautious on our big miners, expecting more short-term weakness in iron ore to unfold,” Adrian Prendergast, resources analyst at Morgans, said in a note. BHP and Rio are “trading around accumulate territory, but again we remain cautious given the poor state of their largest exposure,” he said.

More stories like this are available on bloomberg.com

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By Dhirendra Tripathi

Investing.com – DoorDash stock (NYSE:DASH) rose 0.5%, but had traded higher after the company added alcohol on-demand to its marketplace.

The company said customers across 20 states and the District of Columbia can now order wine, beer, or spirits for on-demand delivery or pickup from thousands of restaurants, grocery stores, and retailers. The facility will also be available in Canada and Australia, reaching over 100 million adults worldwide, the company said.

DoorDash said it has built an alcohol catalogue for purchase across retailers and restaurants. Additionally, with the recent roll out of DoubleDash, customers in select markets will now be able to bundle alcohol with their restaurant meal on certain orders, the company said.

According to a recent Nielsen report that DoorDash cited in its note, alcohol is the fastest growing e-commerce vertical across all consumer-packaged goods. As per the findings mentioned in the report, 56% of customers over 21 would order alcoholic beverages if they were offered as part of food delivery from a restaurant.

DoorDash has been adding new verticals to tap new revenue streams. In the last quarter, it struck pacts with grocer Albertsons (NYSE:ACI) and pet food and products retailer PetSmart.

DoorDash Gains as it Adds Alcohol On-Demand to its Marketplace

Germany stocks lower at close of trade; DAX down 2.31%

European shares slide as China Evergrande's troubles cast shadow

Depressed demand for industrial commodities is seen, but these companies have strong balance sheets and low price-to-earnings multiples.

In this article we will take a look at the some of notable stocks on the move today. You can skip our detailed analysis of these stocks and go to read Why These 5 Stocks Are On the Move on Friday

It's another red day on Wall Street with all three major indexes lower. As of 11:28 AM eastern time, the Dow Jones index is down around 0.48%, the S&P 500 is 0.73% lower, and the NASDAQ has fallen around 0.87%. With a Federal Reserve meeting next week and September being a historically volatile month, it seems that some investors are a little bit more cautious than usual.

Some important stocks that are on the move on Friday include Moderna, Inc. (NASDAQ: MRNA), Lucid Group, Inc. (NASDAQ: LCID), BeiGene, Ltd. (NASDAQ:BGNE), BHP Group (NYSE:BBL), Thermo Fisher Scientific Inc. (NYSE:TMO), and SmileDirectClub, Inc. (NASDAQ:SDC), among others discussed in detail in this article.

Let's examine why each stock is trending and how elite funds are positioned among them.

Photo by Austin Distel on Unsplash

Why do we care about hedge fund fund activity? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

10. Lucid Group, Inc. (NASDAQ: LCID) shares continued their hot streak from yesterday with another 7% rally on Friday.

The electric car maker has momentum due to the EPA this week having given Lucid Group, Inc. (NASDAQ: LCID)'s Dream Air edition vehicle a range of 520 miles, the longest of any electric car that the agency has rated. Some analysts are bullish too. John Murphy of Bank of America said of Lucid on Thursday, "I think it's somewhat somewhere between a combination of Tesla and Ferrari." Murphy has a $30 price target.

For the filing period ended June 30, 2021, Philippe Laffont's Coatue Management owned more than 3.5 million shares of Lucid Group, Inc. (NASDAQ: LCID).

Like Moderna, Inc. (NASDAQ: MRNA) and Thermo Fisher Scientific Inc. (NYSE:TMO), Lucid Group, Inc. (NASDAQ: LCID) is on the move on Friday.

9. BeiGene, Ltd. (NASDAQ:BGNE) stock has rallied more than 4% after after the company announced it received positive CHMP opinion for Zanubrutinib for the potential treatment of adults with Waldenström’s Macroglobulinemia. After the positive CHMP positive opinion, the European Commission will need to consider BeiGene, Ltd. (NASDAQ:BGNE)'s marketing application for the drug candidate with a final decision expected within 67 days of receipt of the CHMP opinion. For the latest 13F filing period, Julian Baker And Felix Baker's Baker Bros. Advisors owned 11,668,897 shares of BeiGene, Ltd. (NASDAQ:BGNE), worth more than $4 billion as of June 30, 2021.

8. BHP Group (NYSE:BBL) is down around 4.5% due to weakness in iron ore prices.

Iron ore prices have weakened due to China pledging to limit steel output to better control carbon emissions. Iron ore accounts for a substantial part of BHP Group (NYSE:BBL)'s total business and China has been a major importer of iron ore. Although UBS analysts expect iron prices to slide below $100 a ton by 2021, they think China's decline in steel production could be due to the weak property market in the country.

Of the around 873 elite funds we track, 24 were long BHP Group (NYSE:BBL) at the end of Q2, 2021.

Like Moderna, Inc. (NASDAQ: MRNA), Lucid Group, Inc. (NASDAQ: LCID) and Thermo Fisher Scientific Inc. (NYSE:TMO), BHP Group (NYSE:BBL) is on the move on Friday.

7. Thermo Fisher Scientific Inc. (NYSE:TMO) shares have surged more than 8% after the company announced that it sees adjusted EPS of $21.16 for FY22 versus the consensus of $19.68. Thermo Fisher Scientific Inc. (NYSE:TMO) also sees FY22 revenue of $40.3 billion, which is also higher than the consensus fo $34.29 billion.

Of the around 873 elite funds we track, 87 were long Thermo Fisher Scientific Inc. (NYSE:TMO) in the second quarter, up from 79 in the first quarter.

6. SmileDirectClub, Inc. (NASDAQ:SDC) is up around 12.8% despite there being no fundamental news and the market being relatively weak. One potential reason could be Reddit traders, who have moved in and out of highly shorted stocks in the past. SmileDirectClub, Inc. (NASDAQ:SDC) has a short float of around 33%.

In terms of the funds we track, 19 elite funds were long SmileDirectClub, Inc. (NASDAQ:SDC) in Q2 2021, down 2 from the prior quarter.

Like Moderna, Inc. (NASDAQ: MRNA), Lucid Group, Inc. (NASDAQ: LCID), Thermo Fisher Scientific Inc. (NYSE:TMO) and BHP Group (NYSE:BBL), SmileDirectClub, Inc. (NASDAQ:SDC) is making moves on Friday. Click to continue reading and see Why These 5 Stocks Are On the Move on Friday. Suggested articles

Disclosure: None.

The article Why These 10 Stocks Are On the Move on Friday was originally published on Insider Monkey.

TORONTO, Sept. 17, 2021 (GLOBE NEWSWIRE) — (TSXV: TVC) Three Valley Copper Corp. (“Three Valley Copper” or the “Company”) announces that it has applied for its common shares to be trading on the OTC Markets, “QB” level, a U.S. trading platform operated by the OTC Markets Group in New York. The listing of the Company's common shares on the OTCQB remains subject to the approval of the OTCQB and the satisfaction of applicable listing requirements. As more information becomes available, the Company will keep its shareholders up to date on the status of the application.

The Company has already submitted its Form 211 to the Financial Industry Regulatory Authority (“FINRA”) which, if accepted, will qualify the Company’s shares to trade in the U.S. on the OTC market. The Company will also apply to the Depository Trust Company (“DTC”) for DTC eligibility which would greatly simplify the process of trading the Company’s common shares.

The OTCQB is the premiere marketplace for early stage and developing U.S. and international companies that are committed to providing a high-quality trading and information experience for their U.S. investors. Companies must be current in their financial reporting to undergo an annual verification and management certification process, including meeting a minimum bid price and other financial conditions. The OTCQB quality standards provide a strong baseline of transparency as well as the technology and regulation to improve the information and trading experience for investors. The OTCQB is recognized by the Securities and Exchange Commission as an established public market providing public information for analysis and value of securities. Investors can find real-time quote and market information for the Company, once listed, at https://www.otcmarkets.com.

The Company believes that trading on the OTCQB will provide additional liquidity and increase its visibility within the U.S. capital markets. Three Valley Copper will continue to trade on the TSX Venture Exchange under its symbol “TVC”.

Adoption of Long-Term Incentive Plan

The Company also announces it has adopted the long-term incentive plan (the “LTIP”) approved by disinterested shareholders of the Company at its annual general and special meeting of shareholders held on June 2, 2021 (the “Meeting”).

Under the new LTIP, stock options, restricted share units, deferred share units and stock appreciation rights may be granted to directors, officers, employees, service providers and consultants. The LTIP is intended to offer a broader range of incentives than the former stock option plan of the Company to diversify and customize the rewards for management and staff to promote long term retention.

The number of common shares of the Company to be issued under the LTIP, at any time, shall not exceed 10% of the total number of the issued and outstanding common shares. The LTIP provides for up to 10% of issued and outstanding common shares to be reserved for issuance under stock option grants on a “rolling” basis, in addition to a fixed maximum limit of 1,250,000 common shares of the Company reserved for issuance at any time pursuant to grants of restricted share units, deferred share units and stock appreciation rights.

The announcement of the adoption of the LTIP is being made to satisfy the requirements of TSX Venture Exchange Policy 4.4 – Incentive Stock Options. Further details regarding the LTIP are included in the management proxy circular of the Company, which was filed on SEDAR in connection with the Meeting. The LTIP remains subject to final approval by the TSX Venture Exchange.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, PTC Market Group Inc. connects a diverse network of broker-dealers that provide liquidity and execution services. The company enables investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors. To learn more about how OTC Markets Group Inc. creates better informed and more efficient markets, visit www.otcmarkets.com.

About Three Valley Copper

Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on growing copper production from, and further exploration of, its primary asset, Minera Tres Valles. Located in Salamanca, Chile, MTV is 91.1% owned by the Company and MTV's main assets are the Minera Tres Valles mining complex and its 46,000 hectares of exploratory lands. For more information about the Company, please visit www.threevalleycopper.com.

Cautionary Statement Regarding Forward-Looking Information

Certain statements in this news release, contain forward-looking information (collectively referred to herein as the "Forward-Looking Statements") within the meaning of applicable Canadian securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify Forward-Looking Statements. In particular, but without limiting the foregoing, this news release contains Forward-Looking Statements pertaining to its application to FINRA to list on the OTC market, future trading of its common shares on such market and the benefits to shareholders, and the application for DTC eligibility.

Although Three Valley Copper believes that the Forward-Looking Statements are reasonable, they are not guarantees of future results, performance or achievements. A number of factors or assumptions have been used to develop the Forward-Looking Statements, including the listing application to the OTC Markets being approved. Although the Company believes that the expectations and assumptions on which such Forward-Looking Statements and information are based are reasonable, undue reliance should not be placed on the Forward-Looking Statements and information as the Company cannot give any assurance that they will prove to be correct. Since Forward-Looking Statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results, performance or achievements could vary materially from those expressed or implied by the Forward-Looking Statements should assumptions underlying the Forward-Looking Statements prove incorrect or should one or more risks or other factors materialize. Readers are cautioned that the foregoing list of risks and uncertainties is not exhaustive. Other risk factors that could affect the Company's operations or financial results are included in the Company's Annual Information Form dated March 3, 2021 and may be accessed through the SEDAR website (www.sedar.com). The forward-looking statements and information contained in this news release are made as of the date hereof and the Company does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

The Forward-Looking Statements speak only as of the date hereof, unless otherwise specifically noted, and Three Valley Copper does not assume any obligation to publicly update any Forward-Looking Statements, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable Canadian securities laws.

For further information:

Michael Staresinic
Chief Executive Officer
T: (416) 943-7107
E: mstaresinic@threevalleycopper.com

Renmark Financial Communications Inc.
Joshua Lavers: jlavers@renmarkfinancial.com
T: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com

Source: Three Valley Copper.

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 news release.

One stock that might be an intriguing choice for investors right now is CNX Resources Corporation CNX. This is because this security in the Oil and Gas – Exploration and Production – United States space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Oil and Gas – Exploration and Production – United States space as it currently has a Zacks Industry Rank of 40 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, CNX Resources is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

CNX Resources Corporation Price and Consensus

CNX Resources Corporation price-consensus-chart | CNX Resources Corporation Quote

In fact, over the past month, current quarter estimates have risen from 25 cents per share to 26 cents per share, while current year estimates have risen from $1.13 per share to $1.15 per share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So, if you are looking for a decent pick in a strong industry, consider CNX Resources. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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CNX Resources Corporation. (CNX) : Free Stock Analysis Report

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Zacks Investment Research

Does the September share price for Bisichi PLC (LON:BISI) reflect what it's really worth? Today, we will estimate the stock's intrinsic value by projecting its future cash flows and then discounting them to today's value. Our analysis will employ the Discounted Cash Flow (DCF) model. Models like these may appear beyond the comprehension of a lay person, but they're fairly easy to follow.

Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model.

See our latest analysis for Bisichi

Step by step through the calculation

We're using the 2-stage growth model, which simply means we take in account two stages of company's growth. In the initial period the company may have a higher growth rate and the second stage is usually assumed to have a stable growth rate. To begin with, we have to get estimates of the next ten years of cash flows. Seeing as no analyst estimates of free cash flow are available to us, we have extrapolate the previous free cash flow (FCF) from the company's last reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate:

10-year free cash flow (FCF) estimate

	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031
Levered FCF (£, Millions)	UK£727.6k	UK£742.3k	UK£754.9k	UK£766.0k	UK£775.9k	UK£785.1k	UK£793.8k	UK£802.1k	UK£810.3k	UK£818.2k
Growth Rate Estimate Source	Est @ 2.5%	Est @ 2.03%	Est @ 1.7%	Est @ 1.46%	Est @ 1.3%	Est @ 1.19%	Est @ 1.11%	Est @ 1.05%	Est @ 1.01%	Est @ 0.98%
Present Value (£, Millions) Discounted @ 12%	UK£0.7	UK£0.6	UK£0.5	UK£0.5	UK£0.4	UK£0.4	UK£0.4	UK£0.3	UK£0.3	UK£0.3

("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = UK£4.0m

The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (0.9%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 12%.

Terminal Value (TV)= FCF₂₀₃₁ × (1 + g) ÷ (r – g) = UK£818k× (1 + 0.9%) ÷ (12%– 0.9%) = UK£7.8m

Present Value of Terminal Value (PVTV)= TV / (1 + r)¹⁰= UK£7.8m÷ ( 1 + 12%)¹⁰= UK£2.6m

The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is UK£6.6m. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of UK£0.7, the company appears around fair value at the time of writing. Valuations are imprecise instruments though, rather like a telescope – move a few degrees and end up in a different galaxy. Do keep this in mind.

The assumptions

The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Bisichi as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 12%, which is based on a levered beta of 2.000. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

Looking Ahead:

Valuation is only one side of the coin in terms of building your investment thesis, and it shouldn't be the only metric you look at when researching a company. It's not possible to obtain a foolproof valuation with a DCF model. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For Bisichi, we've put together three additional elements you should consider:

Risks: For example, we've discovered 3 warning signs for Bisichi (1 is significant!) that you should be aware of before investing here.
Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing!
Other Top Analyst Picks: Interested to see what the analysts are thinking? Take a look at our interactive list of analysts' top stock picks to find out what they feel might have an attractive future outlook!

PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the LSE every day. If you want to find the calculation for other stocks just search here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

When you buy shares in a company, there is always a risk that the price drops to zero. But if you pick the right business to buy shares in, you can make more than you can lose. For example, the Corsa Coal Corp. (CVE:CSO) share price has soared 193% in the last 1 year. Most would be very happy with that, especially in just one year! It's also good to see the share price up 65% over the last quarter. Zooming out, the stock is actually down 47% in the last three years.

On the back of a solid 7-day performance, let's check what role the company's fundamentals have played in driving long term shareholder returns.

Check out our latest analysis for Corsa Coal

Corsa Coal isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. When a company doesn't make profits, we'd generally expect to see good revenue growth. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth.

In the last year Corsa Coal saw its revenue shrink by 52%. So we would not have expected the share price to rise 193%. This is a good example of how buyers can push up prices even before the fundamental metrics show much growth. It's quite likely the revenue fall was already priced in, anyway.

The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).

This free interactive report on Corsa Coal's balance sheet strength is a great place to start, if you want to investigate the stock further.

A Different Perspective

It's nice to see that Corsa Coal shareholders have received a total shareholder return of 193% over the last year. There's no doubt those recent returns are much better than the TSR loss of 12% per year over five years. We generally put more weight on the long term performance over the short term, but the recent improvement could hint at a (positive) inflection point within the business. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For example, we've discovered 4 warning signs for Corsa Coal (1 is a bit unpleasant!) that you should be aware of before investing here.

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on CA exchanges.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

(Bloomberg) — Australia has approved a controversial coal expansion project, which had been subject to a court order demanding the government consider its impact on climate change.

Environment Minister Sussan Ley has given environmental consent for Whitehaven Coal Ltd. to proceed with a A$600 million ($440 million) plan to extend open cut mining at its Vickery operation in New South Wales, which will more than double annual extraction to 10 million tons. Approval is subject to conditions relating to the protection of water resources and native species.

Whitehaven shares rose as much as 5.3% in Sydney trading on Thursday.

A federal court ruled in July that the government must assess the potential harmful consequences on young people that would be caused by additional greenhouse gas emissions when deciding whether to approve the project. The case had been brought by campaigners comprising an elderly nun and a group of Greta Thunberg-inspired teenagers. A government appeal against the ruling will be heard on Oct. 18.

“In approving the mine, Minister Ley has turned her back on the Federal Court, the international scientific consensus on climate change, and the children and young people of Australia,” Izzy Raj-Seppings, one of the student campaigners, said in a statement. Lawyers for the group said they were considering Ley’s approval and potential further legal action.

See also: Australia’s Partners Call for Stronger Targets to Cut Emissions

Prime Minister Scott Morrison has come under fire from climate groups for his ongoing support of the coal industry, which brought in around $40 billion in export revenue in fiscal 2021. He’s also been criticized by the U.S. and U.K. governments for failing to set a 2050 target to reach net zero emissions.

Whitehaven said in a statement that approval had come after “an exhaustive process of technical evaluation and stakeholder consultation at both the State and Federal levels spanning five years.” The project had received 560 public submissions, of which almost two-thirds were supportive, the company said.

More stories like this are available on bloomberg.com

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Figure 1

Ground Magnetics Analytic Signal for Priority Drill Targets

Figure 2

Priority Drill Targets Relative to Oxide-Rich Caps of Amarilla and Verde

TORONTO, Sept. 15, 2021 (GLOBE NEWSWIRE) — (TSXV: TVC) Three Valley Copper Corp. (“Three Valley Copper” or the “Company”) is excited to announce the commencement of its 2021 near mine exploration drilling program on its 91.1% owned Minera Tres Valles (“MTV”) property near Salamanca, Region de Coquimbo, Chile.

“Since Vale first staked the property and found our two deposits named Don Gabriel and Papomono in 2005/2006, little further exploration has been performed on the property,” said Mr. Staresinic, President and CEO of Three Valley Copper. “A majority of Vale’s 170,000 meters of diamond drilling was focused on defining these two deposits. Multiple targets were identified elsewhere on the 46,000-hectare land package although detailed follow up was postponed while delineation of Don Gabriel and Papomono was prioritized. Our drill program will test high-potential copper targets located between Don Gabriel and Papomono, which sit approximately 3 kilometers apart. This initial area of focus represents less than 5 square kilometers or approximately 1% of our land package. We believe this is an excellent opportunity to identify new near-surface copper occurrences close to our existing mines and mineral processing plant.”

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ed4d7f5f-1bb5-452b-8592-e9e518c0da8b

Among the information being used by MTV’s exploration team in planning the drilling program includes ground geophysical (magnetics and IP chargeability) anomalies with similarities to anomalies that are spatially associated with the Papomono and Don Gabriel mines. Geophysical surveying of the area was conducted in 2005 by Zonge Ingenieria y Geofisica (Chile) S.A. during the previous ownership of Compañia Minera Latino Americano Ltda, a subsidiary of Vale.

Mineralization at both Papomono and Don Gabriel mines is associated with distinctive magnetic analytic signal highs and intermediate responses in IP chargeability, likely mapping magnetite in genetically-related intrusives and copper-iron sulphide minerals, respectively. MTV believes that similar geophysical characteristics elsewhere in the district may be mapping similar copper-mineralized rock helping to frame drill targets for the upcoming program.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8c3368b5-32e6-4255-9296-0b5d23560b81

Amarilla and Verde are two of the largest and longest running third-party miner locations where oxide-rich caps have been accessed and processed through MTV’s facilities. It is notable that there is a cluster of artisanal mining pits extending beyond Amarilla and Verde. The possibility that these are all part of a larger mineralized system is consistent with the available ground geophysical data. Initial drilling will be conducted in the area of the Verde deposit, which has been mined by third-party miners until recently.

Drilling will be conducted from existing surface infrastructure under current environmental permits. It is expected that this first phase of drilling will include approximately 6,000 to 8,000 meters and $2.5 million has been budgeted for this phase. MTV’s exploration team will assess the results of new drill holes when they are received and incorporate these results into the dynamic design and management of the program.

Qualified Person

Dr. John Mortimer, a consultant to Three Valley Copper, a qualified person under National Instrument 43–101 Standards of Disclosure for Mineral Projects has reviewed the technical contents of this news release and has approved the disclosure of the technical information contained herein.

About Three Valley Copper

Cautionary Statement Regarding Forward-Looking Information

Certain statements in this news release, contain forward-looking information (collectively referred to herein as the "Forward-Looking Statements") within the meaning of applicable Canadian securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify Forward-Looking Statements. In particular, but without limiting the foregoing, this news release contains Forward-Looking Statements pertaining to: identifying new near-surface copper occurrences, similar magnetic signals to Papomono and Don Gabriel elsewhere on the property may indicate similar copper-mineralized rock, and the possibility of a larger mineralized system.

Although TVC believes that the Forward-Looking Statements are reasonable, they are not guarantees of future results, performance or achievements. A number of factors or assumptions have been used to develop the Forward-Looking Statements, including: there being no additional significant disruptions affecting the development and operation of MTV; the availability of certain consumables (including water) and services and the prices for power and other key supplies; expected labour and materials costs; expected fixed operating costs; permitting and arrangements with stakeholders; certain tax rates, including the allocation of certain tax attributes, being applicable to MTV; the availability of financing for the Company's and MTV’s planned operations and development activities; assumptions made in mineral resource and mineral reserve estimates and the financial analysis based on these estimates, including (as applicable), but not limited to, geological interpretation, grades, commodity price assumptions, metallurgical performance, extraction and mining recovery rates, hydrological and hydrogeological assumptions, capital and operating cost estimates, and general marketing, political, business and economic conditions, the continued availability of quality management, critical accounting estimates, all terms of the restructuring agreement and facility agreement to which MTV and the Company are parties will be satisfied in the future including no events of default, existing water supply will continue, supplemental water availability will continue, the geopolitical risk of Chile will remain stable, including risks related to labour disputes, the construction and expansion of mining operations including the Papomono Masivo incline block caving underground mining project, as well as the timing thereof and production therefrom; the timing of production and results for the recently restarted Don Gabriel mine; and expected timelines for drawdown and repayment of indebtedness of MTV.

Actual results, performance or achievements could vary materially from those expressed or implied by the Forward-Looking Statements should assumptions underlying the Forward-Looking Statements prove incorrect or should one or more risks or other factors materialize, including: (i) possible variations in grade or recovery rates; (ii) copper price fluctuations and uncertainties; (iii) delays in obtaining governmental approvals or financing; (iv) risks associated with the mining industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to mineral reserves, production, costs and expenses; and labour, health, safety and environmental risks) and risks associated with the other portfolio companies' industries in general; (v) performance of the counterparty to the ENAMI Contract; (vi) risks associated with investments in emerging markets; (vii) general economic, market and business conditions; (viii) market volatility that would affect the ability to enter or exit investments; (ix) failure to secure additional financing in the future on acceptable terms to the Company, if at all; (x) commodity price and foreign exchange fluctuations and uncertainties; (xi) risks associated with catastrophic events, manmade disasters, terrorist attacks, wars and other conflicts, or an outbreak of a public health pandemic or other public health crises, including COVID-19; (xii) those risks disclosed under the heading "Risk Management" in TVC’s Management’s Discussion and Analysis for the period ended December 31, 2020; and (xiii) those risks disclosed under the heading "Risk Factors" or incorporated by reference into TVC’s Annual Information Form dated March 3, 2021. The Forward-Looking Statements speak only as of the date hereof, unless otherwise specifically noted, and SRHI does not assume any obligation to publicly update any Forward-Looking Statements, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable Canadian securities laws.

Cautionary Note to United States Investors Concerning Estimates of measured, indicated and inferred mineral resources

This news release may use the terms "measured", "indicated" and "inferred" mineral resources. Historically, while such terms were recognized and required by Canadian regulations, they were not recognized by the United States Securities and Exchange Commission (the “SEC”). The SEC has adopted amendments to its disclosure rules to modernize the mineral property disclosure requirements for issuers whose securities are registered with the SEC under the Securities and Exchange Act of 1934, as amended (the “Exchange Act”). These amendments became effective February 25, 2019 (the “SEC Modernization Rules”) with compliance required for the first fiscal year beginning on or after January 1, 2021. The SEC Modernization Rules replace the historical property disclosure requirements for mining registrants that were included in SEC Industry Guide 7, which will be rescinded from and after the required compliance date of the SEC Modernization Rules. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of “measured”, “indicated” and “inferred” mineral resources. In addition, the SEC has amended its definitions of “proven mineral reserves” and “probable mineral reserves” to be substantially similar to the corresponding Canadian Institute of Mining, Metallurgy and Petroleum definitions, as required by NI 43-101. Investors are cautioned that "Inferred mineral resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable.

For further information:

Michael Staresinic
Chief Executive Officer
T: (416) 943-7107
E: mstaresinic@threevalleycopper.com

Renmark Financial Communications Inc.
Joshua Lavers: jlavers@renmarkfinancial.com
T: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com

Source: Three Valley Copper.

Rio Tinto plc RIO and Caterpillar, Inc. CAT recently joined forces to develop zero-emissions autonomous haul trucks for use at one of Rio Tinto’s Western Australian mining operations. This marks a significant step in Rio Tinto’s mine automation and digitalization program, and the target of attaining net zero emissions by 2050. The move also highlights Caterpillar’s efforts in developing autonomous solutions for customers.

Both of the parties will work together to advance the development of Caterpillar’s future 220-ton 793 zero-emissions autonomous haul truck including the validation of Caterpillar’s emerging zero-emissions technology. Prototypes will be developed, tested, and undergo pre-production trials. It is anticipated that the world’s first operational deployment of approximately 35 new Caterpillar 793 zero-emissions autonomous haul trucks will be at Gudai-Darri, which is Rio Tinto’s most technically advanced iron ore mine in the Pilbara region, Western Australia. Rio Tinto intends to make Gudai-Darri one of the world’s most technologically advanced mines. Construction at Gudai-Darri continues to progress with production ramp-up on track for early 2022. Once completed, the mine will have an annual capacity of 43 million tons.

Earlier in June, Rio Tinto announced that it will deploy the world’s first fully autonomous water truck at its Gudai-Darri mine in partnership with Caterpillar. Water spraying is a vital part of mining operations and this new technology will enhance productivity by enabling digital tracking of water consumption, while cutting down water wastage. Rio Tinto has earmarked approximately $1 billion in investments over the next five years to get its operations down to net zero emissions by 2050.

Rio Tinto’s existing Autonomous Haulage System has improved safety by reducing the risks associated with operators working around heavy machinery. With the help of technology and automation, miners are bringing radical changes to mining operations to increase productivity, reduce cost and improve frontline safety. These efforts will help the industry meet its sustainability target by cutting down on carbon emissions, which is the need of the hour considering the severity of climate change.

Earlier this month, Brazilian miner Vale S.A VALE announced that it has started operating six autonomous haul trucks in Carajás — its largest iron ore complex in Brazil and plans to take it up to 10 vehicles by this year-end. This follows the success of the autonomous operation at Vale’s second largest mine, Brucutu, in Minas Gerais, Brazil, in 2016. Last month, BHP Group BHP announced a partnership with Caterpillar to develop and deploy zero-emissions mining trucks at BHP sites to reduce operational greenhouse gas emissions.

Last year, Newmont Mining Corporation NEM announced investment in implementation of the Autonomous Haulage System at Boddington mine in Australia to enhance safety and productivity, while extending mine life. Once operational, Boddington will be the first open pit gold mine in the world with a fully autonomous haul truck fleet.

Given its benefits to the miners, the driverless fleet is becoming increasingly popular among miners. The number of autonomous trucks is expected to surge over the next few years, thanks to major investments by miners globally. Capitalizing on this demand, Caterpillar is enhancing its autonomous capabilities and bringing innovative products into markets that provide it with a competitive edge in mining. The intensifying global focus on shifting from fossil fuels to zero emissions will require a huge amount of commodities. This is a win-win situation for both miners and mining equipment makers.

Caterpillar and Newmont currently carry a Zacks Rank #3 (Hold). BHP, Vale and Rio Tinto carry a Zacks Rank #5 (Strong Sell).

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

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PITTSBURGH, Sept. 15, 2021 /PRNewswire/ — CNX Midstream Partners LP ("CNX Midstream," "we" or "our"), a wholly owned subsidiary of CNX Resources Corporation (NYSE: CNX), today announced that it intends, subject to market and other conditions, to offer and sell to eligible purchasers $400 million aggregate principal amount of senior notes due 2030 (the "Notes") in a private offering (the "Notes Offering"). The Notes will be guaranteed by all of CNX Midstream's wholly-owned domestic restricted subsidiaries that guarantee its revolving credit facility. CNX Midstream intends to use the net proceeds of the sale of the Notes together with cash on hand and borrowings under its revolving credit facility to purchase any and all of the approximately $400 million aggregate principal amount outstanding of its 6.500% senior notes due 2026 (the "2026 Notes") pursuant to a tender offer (the "Tender Offer") that commenced concurrently with the Notes Offering and to redeem any of its 2026 Notes that remain outstanding after completion of the Tender Offer. The Notes Offering is not conditioned on the consummation of the Tender Offer. The Tender Offer is conditioned on, among other things, the consummation of the Notes Offering.

The Notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the rules promulgated thereunder and applicable state securities laws. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act.

CNX Midstream is a growth-oriented master limited partnership that owns, operates, develops and acquires gathering and other midstream energy assets to service natural gas production in the Appalachian Basin in Pennsylvania and West Virginia. Our assets include natural gas gathering pipelines and compression and dehydration facilities, as well as condensate gathering, collection, separation and stabilization facilities.

Cautionary Statements:

This press release does not constitute an offer to sell or the solicitation of an offer to buy any Notes nor shall there be any sale of Notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The offering may be made only by means of an offering memorandum.

Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. When we use the words "believe," "intend," "expect," "may," "should," "anticipate," "could," "estimate," "plan," "predict," "project," "will" or their negatives, or other similar expressions, the statements which include those words are usually forward-looking statements.

When we describe strategy that involves risks or uncertainties, we are making forward-looking statements. The forward-looking statements in this press release, if any, speak only as of the date of this press release; we disclaim any obligation to update these statements unless required by securities laws, and we caution you not to rely on them unduly. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control.

CNX Midstream Partners LP logo (PRNewsfoto/CNX Resources Corporation,CNX…)

Cision

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SOURCE CNX Resources Corporation; CNX Midstream Partners LP

PITTSBURGH, Sept. 15, 2021 /PRNewswire/ — CNX Midstream Partners LP ("CNX Midstream"), a wholly owned subsidiary of CNX Resources Corporation (NYSE: CNX), today announced that it has commenced a cash tender offer (the "offer") to purchase any and all of the outstanding senior notes listed in the following table at the cash purchase price shown in the column titled "Purchase Price per $1,000 of Notes."

Issuer

Title of Security

CUSIP

Principal Amount
Outstanding

Purchase Price per
$1,000 of Notes

CNX Midstream Partners LP
and CNX Midstream Finance Corp.

6.500% Senior Notes
due 2026

12654TAA8 (144A)

U17498AA1 (Reg. S)

$400,000,000

$1,051.70

Holders whose notes are purchased will also receive accrued and unpaid interest thereon from the last interest payment date up to, but not including, the settlement date.

The offer is being made pursuant to the terms and conditions contained in the Offer to Purchase and Notice of Guaranteed Delivery, copies of which may be obtained from Global Bondholder Services Corporation, the tender agent and information agent for the offer, by calling (866)-470-3700 (toll free) or, for banks and brokers, (212) 430-3774 or by email at contact@gbsc-usa.com. Copies of the Offer to Purchase and Notice of Guaranteed Delivery are also available at the following web address: www.gbsc-usa.com/cnxm/.

The offer will expire at 5:00 p.m. New York City Time on September 21, 2021, unless extended or earlier terminated (such time and date as the same may be extended, the "Expiration Time"). Tendered notes may be withdrawn at any time before the Expiration Time. Holders of notes must validly tender and not validly withdraw their notes (or comply with the procedures for guaranteed delivery) before the Expiration Time to be eligible to receive the consideration for their notes.

Settlement for notes tendered prior to the Expiration Time and accepted for purchase will occur promptly after the Expiration Time, which is expected to be September 22, 2021, assuming that the offer is not extended or earlier terminated. The settlement date for any notes tendered pursuant to a Notice of Guaranteed Delivery is expected to be on September 24, 2021, subject to the same assumption.

The offer for the notes is conditioned upon the satisfaction of certain conditions, including the completion of a contemporaneous notes offering by CNX Midstream on terms and conditions (including, but not limited to, the amount of proceeds raised in such offering) satisfactory to CNX Midstream. The offer is not conditioned upon any minimum amount of notes being tendered and the offer may be amended, extended, terminated or withdrawn, subject to applicable law.

CNX Midstream has retained Wells Fargo Securities, LLC to serve as the exclusive Dealer Manager for the offer. Questions regarding the terms of the offer may be directed to Liability Management Group at (704) 410-4756 (collect) or (866) 309-6316 (U.S. toll-free).

CNX Midstream owns, operates, develops and acquires gathering and other midstream energy assets to service natural gas production in the Appalachian Basin in Pennsylvania and West Virginia. Our assets include natural gas gathering pipelines and compression and dehydration facilities, as well as condensate gathering, collection, separation and stabilization facilities.

This release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the transaction or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

Cautionary Note Regarding Forward-Looking Statements

Various statements in this release, including those that express a belief, expectation or intention, may be considered "forward-looking statements" (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) that involve risks and uncertainties that could cause actual results to differ materially from projected results. Without limiting the generality of the foregoing, forward-looking statements contained in this communication specifically include statements regarding the proposed terms of the offer.

Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects and our future production, revenues, income and capital spending. When we use the words "believe," "intend," "expect," "may," "should," "anticipate," "could," "estimate," "plan," "predict," "project," "will" or their negatives, or other similar expressions, the statements which include those words are usually forward-looking statements.

When we describe strategy that involves risks or uncertainties, we are making forward-looking statements. The forward-looking statements in this press release, if any, speak only as of the date of this press release; we disclaim any obligation to update these statements unless required by securities law, and we caution you not to rely on them unduly. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are t and many of which are beyond our control.

CNX Midstream Partners LP logo (PRNewsfoto/CNX Resources Corporation,CNX…)

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/cnx-midstream-partners-lp-announces-tender-offer-for-its-6-500-senior-notes-due-2026–301377656.html

SOURCE CNX Resources Corporation; CNX Midstream Partners LP

PITTSBURGH, Sept. 15, 2021 /PRNewswire/ — CNX Midstream Partners LP ("CNX Midstream," "we" or "our"), a wholly-owned subsidiary of CNX Resources Corporation (NYSE: CNX), today announced the pricing of $400 million aggregate principal amount of 4.750% senior notes due 2030 (the "Notes") at an issue price of 100.00% of their face value in a private offering (the "Notes Offering"). The Notes will be guaranteed by all of CNX Midstream's wholly-owned domestic restricted subsidiaries that guarantee its revolving credit facility. The offering is expected to close on September 22, 2021, subject to the satisfaction of customary closing conditions. CNX Midstream intends to use the net proceeds of the sale of the Notes together with cash on hand and borrowings under its revolving credit facility to purchase any and all of the approximately $400 million aggregate principal amount outstanding of its 6.500% senior notes due 2026 (the "2026 Notes") pursuant to a tender offer (the "Tender Offer") that commenced concurrently with Notes offering and to redeem any of its 2026 Notes that remain outstanding after the completion of the Tender Offer. The Notes Offering is not conditioned on the consummation of the Tender Offer. The Tender Offer is conditioned on, among other things, the consummation of the Notes Offering.

Cautionary Statements:

Various statements in this release, including those that express a belief, expectation or intention, may be considered "forward-looking statements" (within the meaning of the federal securities laws) that involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Without limiting the generality of the foregoing, forward-looking statements contained in this communication specifically include statements regarding the proposed terms of the Notes Offering, the anticipated use of proceeds therefrom and the Tender Offer. When we use the words "believe," "intend," "expect," "may," "should," "anticipate," "could," "estimate," "plan," "predict," "project," "will" or their negatives, or other similar expressions, the statements which include those words are usually forward-looking statements. When we describe strategy that involves risks or uncertainties, we are making forward-looking statements. The forward-looking statements in this press release, if any, speak only as of the date of this press release; we disclaim any obligation to update these statements, unless required by securities laws, and we caution you not to rely on them unduly. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control.

CNX Midstream Partners LP logo (PRNewsfoto/CNX Resources Corporation,CNX…)

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/cnx-midstream-partners-lp-announces-pricing-of-400-million-of-senior-notes-301378070.html

SOURCE CNX Resources Corporation; CNX Midstream Partners LP

About a year after Walgreens Boots Alliance Inc. announced a partnership with blood-testing startup Theranos Inc., the top two leaders of Theranos blasted the drugstore operator as “terrible” and plotted new retail partnerships for their business, according to text messages released in court records Tuesday evening. The texts–made public as part of the criminal fraud trial of Theranos founder Elizabeth Holmes–show frustration by Theranos’s No. 2, Ramesh “Sunny” Balwani, over the Walgreens rela

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For Immediate Release

5 Broker-Friendly Stocks to Buy Amid Current Market Struggles

Who Are the Experts & Why?

Do not Ignore the Top Line

About Screen of the Week

Strong Stocks that Should Be in the News

Albertsons Steps Into Shoppable Videos Space

Efforts to Boost Digital Capabilities is Encouraging

3 Stocks You Can’t Miss

For Immediate Release

Here are highlights from Wednesday’s Analyst Blog:

5 Smaller Beaten-Down Stocks with Strong Growth Potential

Who Are the Experts & Why?

Do not Ignore the Top Line

Screening Criteria

1. Rio Tinto (RIO)

2. Vale SA (VALE)

3. BHP Group (BHP)

4. VanEck Vectors Steel ETF (SLX)

A quieter commodity play

For Immediate Release

Here are highlights from Monday’s Analyst Blog:

Iron Ore Prices Fall Below $100 per Ton on Weak China Demand

China’s Curb on Steel Output Weighs on Iron

China’s Property Sector Slowdown Hurts Further

What About Dividends?

A Different Perspective

CNX Resources Corporation Price and Consensus

Step by step through the calculation

10-year free cash flow (FCF) estimate

The assumptions

Looking Ahead:

A Different Perspective

Figure 1

Ground Magnetics Analytic Signal for Priority Drill Targets

Figure 2

Priority Drill Targets Relative to Oxide-Rich Caps of Amarilla and Verde

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