Moussa81/iStock via Getty Images NovaGold ( NG ) up 1.2% in Thursday's trading as Morgan Stanley started coverage with an Overweight rating and $13.80 price target, pointing to accelerated development of the Donlin gold deposit in Alaska, one of the world's largest undeveloped gold assets and possibly among the largest gold mines ever in North America. The planned Donlin mine and processing plant ...
Moussa81/iStock via Getty Images NovaGold ( NG ) up 1.2% in Thursday's trading as Morgan Stanley started coverage with an Overweight rating and $13.80 price target, pointing to accelerated development of the Donlin gold deposit in Alaska, one of the world's largest undeveloped gold assets and possibly among the largest gold mines ever in North America. The planned Donlin mine and processing plant are expected to produce 1.1M oz/year of gold over a 27-year mine life, the project has significant potential for resource expansion and conversion of resources into reserves, and it has key federal and state permits, with some state approvals and a final construction decision pending. Morgan Stanley analyst Carlos de Alba calculates the asset has ~33M oz of proven and probable reserves at an industry-leading ~2.02 g/t gold and ~40M oz of measured and indicated resources including reserves at ~2.2 g/t gold, and life-of-mine operating costs are estimated at $830/oz real, which at spot gold price implies an operating margin of $3,830/oz ; de Alba foresees first production in 2032. Modeling for a $2,500/oz long-term gold price—well below current spot pricing at ~$4,660/oz—the analyst estimates Donlin's distributable cash value at ~$9.2B at a 7% discount rate, adding that every $1,000/oz move in the gold price shifts DCF by ~$9.5B. More on NovaGold Resources NovaGold Resources Q1 2026 Earnings Call Transcript NovaGold Resources Q1 2026 Earnings Call Presentation NovaGold Moves Towards Bankable Feasibility Study For Donlin Amidst Soaring Gold
Editor's note: Seeking Alpha is proud to welcome Andoro Research as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » Vlad Antonov/iStock via Getty Images Quick Facts and Why It is Attractive When I started writing ...
Editor's note: Seeking Alpha is proud to welcome Andoro Research as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » Vlad Antonov/iStock via Getty Images Quick Facts and Why It is Attractive When I started writing this article, I planned to rate CubeSmart ( CUBE )a (cautious) Buy based on price levels and dividend yield. By the time I finished calculating the fair value and evaluating the risks, I ended up with a "Hold" recommendation. CubeSmart probably needs little introduction to those who follow the self-storage REIT space — it is the third-largest operator behind PSA and EXR, with a tilt towards the Sunbelt market with positive demographic trends. Let’s remind ourselves of the business fundamentals at a high level. CubeSmart is an established player with 21 years since the IPO. It has an investment-grade BBB rating, and it is internally managed, implying management should be more closely aligned with shareholder interests. Its 15-year dividend growth track record is reassuring: it last cut its dividend in 2008 and 2009, and continued to grow it ever since, even through the COVID pandemic, signaling its resilience. CubeSmart is a US-only business, thus reasonably insulated from global geopolitical shocks (and wars) at an operational level, at least more than most companies that are heavily dependent on global supply chains. What about its current core metrics that income-focused investors might care about? Debt levels are very manageable: 4.8x Debt to EBITDA with well-staggered debt maturities, and its dividend AFFO payout ratio is 87% — edging high, but in no immediate danger. Remember, we should use FFO, a standardized metric, and P/FFO to compare peer valuations, but FFO excludes CapEx and thus does not paint the full picture of real cash flow. For the dividend payout ratio, w...
Tesla (TSLA) will reportedly continue developing cheaper electric vehicle (EV) models, including an EV SUV, according to Reuters. Yahoo Finance Senior Autos Reporter Pras Subramanian goes over the details.
Tesla (TSLA) will reportedly continue developing cheaper electric vehicle (EV) models, including an EV SUV, according to Reuters. Yahoo Finance Senior Autos Reporter Pras Subramanian goes over the details.
Shares of Texas Pacific Land Corp. tumbled Thursday after the chief executive officer of its largest shareholder died , rattling investors in the Texas landowner that has drawn attention as technology companies seek sites for data centers. The stock fell as much as 17% Thursday, the biggest intraday drop since March 2020. Murray Stahl , who was CEO of Horizon Kinetics Holding Corp. and a board mem...
Shares of Texas Pacific Land Corp. tumbled Thursday after the chief executive officer of its largest shareholder died , rattling investors in the Texas landowner that has drawn attention as technology companies seek sites for data centers. The stock fell as much as 17% Thursday, the biggest intraday drop since March 2020. Murray Stahl , who was CEO of Horizon Kinetics Holding Corp. and a board member of Texas Pacific, passed away on April 7, according to a statement from Horizon Kinetics. The firm owns nearly 15% of the Dallas-based landowner, according to data compiled by Bloomberg. “Aside from being TPL’s largest shareholder, he was its largest cheerleader,” said Chadd Garcia, portfolio manager with Ave Maria mutual funds, a top-20 Texas Pacific shareholder. “Ultimately, TPL was included in the S&P 500, an achievement I am sure five years ago, few people but Murray viewed as being possible.” Texas Pacific owns nearly 900,000 acres in West Texas, much of it atop shale oil and gas reserves in the Permian Basin that have benefited from higher commodity prices this year. The land is already used for Bitcoin mines, utility-scale batteries and renewable-power projects, and its location has attracted interest from companies including Alphabet Inc., Microsoft Corp. and Amazon.com Inc. seeking cheap electricity for large data centers. Horizon Kinetics has owned Texas Pacific shares since the 1980s, as Stahl argued that the company’s business model would make the stock more valuable over time. He also at times clashed with company leadership as he pushed to modernize its corporate structure, while continuing to praise the business in the fund’s quarterly commentary. “Murray believed in the Company when it was still a thinly-traded, little-known trust that simply owned some land in west Texas,” Texas Pacific Chief Executive Officer Ty Glover said in a press statement. Texas Pacific shares climbed steadily over the past 12 months and were up about 56% this year through Wednes...
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Karv Global Partner Amir Handjjani, Causeway Capital Management Fundamental Portfolio Manager Ellen Lee, SoLo Funds Co-Founder & President Rodney Williams, and Morgan Stanley Head of Digital Asset Strategy Amy Oldenburg. (Source: Bloomberg)
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Today's guests: Karv Global Partner Amir Handjjani, Causeway Capital Management Fundamental Portfolio Manager Ellen Lee, SoLo Funds Co-Founder & President Rodney Williams, and Morgan Stanley Head of Digital Asset Strategy Amy Oldenburg. (Source: Bloomberg)
The electric vehicle ( EV ) market expanded rapidly from 2020 to 2023, but its growth cooled off over the past three years. Reduced government subsidies, saturation of the early adopter market, rising rates, and other macro headwinds caused that slowdown. The EV market is still expanding, but many investors are still shunning EV stocks in this choppy market. However, that tepid interest in EVs mig...
The electric vehicle ( EV ) market expanded rapidly from 2020 to 2023, but its growth cooled off over the past three years. Reduced government subsidies, saturation of the early adopter market, rising rates, and other macro headwinds caused that slowdown. The EV market is still expanding, but many investors are still shunning EV stocks in this choppy market. However, that tepid interest in EVs might be creating some compelling buying opportunities in some of the sector's oft-overlooked stocks. Let's take a closer look at two of them: QuantumScape (NASDAQ: QS) and ChargePoint (NYSE: CHPT) . Image source: Getty Images. Continue reading
adventtr/iStock via Getty Images The last time I wrote about Nurix Therapeutics, Inc. ( NRIX ) it was in a Seeking Alpha article entitled " Nurix: Bexobrutideg Advancement Presses Forward With H2 2025 Milestones ." With respect to this article, I mentioned that the company was in the process of developing its orally bioavailable, brain penetrant, highly selective small molecule degrader of BTK bex...
adventtr/iStock via Getty Images The last time I wrote about Nurix Therapeutics, Inc. ( NRIX ) it was in a Seeking Alpha article entitled " Nurix: Bexobrutideg Advancement Presses Forward With H2 2025 Milestones ." With respect to this article, I mentioned that the company was in the process of developing its orally bioavailable, brain penetrant, highly selective small molecule degrader of BTK bexobrutideg for the treatment of patients with relapsed/refractory chronic lymphocytic leukemia [r/r CLL]. I noted that the company was in the process of gearing up to initiate a single-arm trial for this program. As an update, I'm happy to report that the company has already been able to initiate its single-arm pivotal phase 2 DAYBreak CLL-201 study using this drug to treat these r/r CLL patients. Should this clinical study turn out to be successful, then the company could potentially be able to file for FDA Accelerated Approval of bexobrutideg for the treatment of these patients thereafter. A catalyst that investors should keep an eye on would be in terms of the initiation of a confirmatory trial for this very same program. It is expected that Nurix will initiate the global randomized phase 3 confirmatory DAYBreak CLL-306 trial using bexobrutideg to treat patients with r/r CLL in mid-2026. This study is going to target patients whose disease has progressed after prior BKT therapy. In essence, the company's drug is going to be compared to that of the approved non-covalent inhibitor pirtobrutinib. The last time, I rated this stock with a Strong Buy rating, and I'm going to stick to this rating because this program continues to advance for starters. Not only that, but it is already underway with two expansion opportunities for it. It is testing a higher 600 mg dose of bexobrutideg to treat earlier lines of CLL patients in the NX-5948-301 Phase 1a/1b clinical study . There will be updated clinical data released from this study throughout 2026 at medical meetings. In addition, i...
Amid customer dissatisfaction around Broadcom's VMware takeover, rivals have been trying to lure customers from the leading virtualization firm. One of VMware's biggest competitors, Nutanix, claims to have swiped tens of thousands of VMware customers. Speaking at a press briefing at Nutanix’s .NEXT conference in Chicago this week, Nutanix CEO Rajiv Ramaswami said that “about 30,000 customers” have...
Amid customer dissatisfaction around Broadcom's VMware takeover, rivals have been trying to lure customers from the leading virtualization firm. One of VMware's biggest competitors, Nutanix, claims to have swiped tens of thousands of VMware customers. Speaking at a press briefing at Nutanix’s .NEXT conference in Chicago this week, Nutanix CEO Rajiv Ramaswami said that “about 30,000 customers” have migrated from VMware to the rival platform, pointing to customer disapproval over Broadcom’s VMware strategy, SDxCentral , a London-based IT publication, reported today. “I think there's no doubt that the customer sentiment continues to be negative about Broadcom,” Ramaswami said, per SDxCentral. Read full article Comments