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Chibougamau Independent Mines Inc is a natural resources exploration company. It is focused on reviving production in the Chibougamau gold-copper mining camp. It owns an interest in several exploration properties including Berrigan South and Berrigan Mine, Bateman Bay, Grandroy, Kokko Creek, Lac Simon, and others.

CHIBOUGAMAU IND ORD by Chibougamau Independant Mines Inc

Chibougamau Independent Mines Inc

SARK

Trading Halt: Halt status updated at 8:55:00 AM ET: Quotation Resumption: News and Resumption Times

UBXG

On Wednesday, Symbotic Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) announced a delay in filing its Annual Report on Form 10-K for the fiscal year ending <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/g42210820/symbotic-provides-update-to-restatement-of-fiscal-year-2024-financial-results-and-first-quarter-of" rel="noreferrer noopener">September 28, 2024</a>.
The company cited the need for additional time to evaluate revenue recognition errors&#8217; financial impacts and address related internal control weaknesses. The stock is down 31% in premarket trade.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42209622/apple-faces-modest-growth-as-idc-forecasts-smartphone-market-rebound" rel="noreferrer noopener">Apple Faces Modest Growth As IDC Forecasts Smartphone Market Rebound</a>
These issues were initially identified in Symbotic&#8217;s recent earnings release. The company&#8217;s review uncovered revenue recognition errors related to cost overruns on specific deployments. These inaccuracies impacted system revenue recognized in the second, third, and fourth quarters of fiscal year 2024.
The company estimates the total impact of correcting these errors will be to lower system revenue, system gross profit, income (loss) before income tax, and adjusted EBITDA&nbsp;by&nbsp;$30 million&nbsp;to&nbsp;$40 million&nbsp;for fiscal year 2024 compared to the financial results released on November 18, 2024.
Symbotic now projects first-quarter fiscal 2025 revenue of $480 million &#8211; $500 million (<a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/42049125/symbotic-stock-rallies-after-strong-q4-results-details" rel="noreferrer noopener">prior $495 million &#8211; $515 million</a>) versus the $503.6 million estimate, alongside adjusted EBITDA of $12 million &#8211; $16 million (prior $27 million&nbsp;&nbsp;-$31 million). The company has committed to amending its previous financial disclosures to reflect these adjustments.
In response to these material weaknesses, Symbotic is implementing strategies to enhance internal control over financial reporting. The company expects to file its Form 10-K and amended quarterly reports on Form 10-Q for fiscal year 2024 within the 15-day extension period allowed for late filings. 
Symbotic stock plunged 25% year-to-date. Symbotic will also be amending its Current Report on Form 8-K concerning this matter to indicate that its financial results for the fourth quarter and fiscal year 2024, issued on November 18, <a href="https://www.benzinga.com//node/42048131" target="_blank" rel="noreferrer noopener">should no longer be relied upon.</a>
On CNBC&#8217;s &#8220;Mad Money Lightning Round,&#8221; Jim Cramer <a target="_blank" href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42188912/jim-cramer-linde-is-a-terrific-company-sees-another-stock-up-75-as-not-done" rel="noreferrer noopener">highlighted Symbotic as</a> a substantial investment opportunity, noting its profitability and position in a rapidly growing sector.
Price Action: SYM stock is down 31% at $25.79 premarket at last check Wednesday.
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</ul>

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Robotics Company Symbotic Stock Plummets Over 30% After Delayed Filing And Revenue Errors - What's Going On?

Canaccord Genuity analyst George Gianarikas maintains MP Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) with a Buy and raises the price target from $23 to $26.

Price Target

Analyst Ratings

Canaccord Genuity Maintains Buy on MP Materials, Raises Price Target to $26

President-elect Donald Trump has proposed <a href="https://www.benzinga.com/24/11/42178994/trump-says-he-will-impose-25-tariffs-on-canada-mexico-on-first-day-of-office-and-extra-tariffs-on-china-until-they-pay-attention">implementing significant tariffs</a>, including 25% on imports from Mexico and Canada, and an additional 10% on goods from China.
For investors, this could mean a return to the trade-war trenches of 2019, but this time, the stakes are higher and the economic backdrop shakier.
JPMorgan analyst Christopher Horvers is sounding the alarm, pointing out that the tariff squeeze might be harder to absorb now than during the first tariff spat. With inflation already a sore spot for consumers, the retail and manufacturing sectors could find themselves in a pricing power pickle.
Here's where the pressure is highest and how it could influence stock movements.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42202496/goldman-sachs-expects-major-selloffs-in-canadian-dollar-mexican-peso-says-trump-tariffs-threaten-usmca-agreement">Goldman Sachs Expects Major Selloffs In Canadian Dollar, Mexican Peso, Says Trump Tariffs Threaten USMCA Agreement</a>
<h2 class="wp-block-heading">Electronics, Toys, Furnishings: Tariff Trouble Zones</h2>
The &#8220;Made in China&#8221; label isn&#8217;t just a tagline; it's a linchpin for sectors like electronics, toys, and home furnishings. According to Horvers, consumer electronics, with names like Best Buy Co Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NASDAQ">BBY</a>) sourcing as much as 60% from China, are sitting ducks. Similarly, the toy giants Hasbro Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) and Mattel Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) have 50% of U.S. revenues tied to China-made goods. 
Retailers like Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and Target Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), who dominate 40% of the U.S. toy market, could pass price hikes to consumers, but only up to a certain limit.
Meanwhile, home furnishings players like RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) and Williams-Sonoma Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>), already battling tighter margins, could see additional pain. 
In fragmented industries like these, pricing power is weak, and any added costs could disrupt consumer demand or erode profits.
<h2 class="wp-block-heading">Autoparts: High Import, But Stronger Shields</h2>
Auto parts, with high import exposure (e.g., 45% for AutoZone Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/azo#NYSE">AZO</a>)), might appear vulnerable. However, Horvers suggests this sector wields strong pricing power, which should buffer against margin compression. 
Unlike toys or electronics, auto parts are essential purchases—there's no skipping that brake replacement or battery swap.
<h2 class="wp-block-heading">Grocery Stores: Low Risk, High Resilience</h2>
The grocery sector seems to have drawn the long straw. With low import exposure and robust pricing power, players like BJ's Wholesale Club Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) and Costco Wholesale Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) are largely insulated. Their domestic sourcing and needs-based demand make this category a tariff-resistant fortress, according to the analyst.
<h2 class="wp-block-heading">2024 Vs. 2019: Less Pricing Power, More Shared Pain</h2>
The tariffs of 2019 were painful but manageable. This time around, Horvers warns, things could be different. Consumers have already endured price hikes on essentials since 2020, leaving retailers and manufacturers with less room to maneuver. Big-ticket discretionary items, such as appliances or furniture, might see a sharper dip in unit sales as buyers balk at higher price tags.
Adding to the complexity, tariffs this time appear more politically charged. Horvers believes imposing significant consumer-facing price shocks could backfire, especially with inflation shaping voter sentiment. This was evident in 2019 when tariffs on consumer goods were retracted to avoid such fallout.
<h2 class="wp-block-heading">What Investors Should Watch</h2>
If tariffs take hold, shared pain across manufacturers, retailers, and consumers will be the name of the game. 
Investors should monitor pricing strategies, margin resilience, and unit sales in the affected sectors. Stocks with diversified sourcing, strong pricing power, or essential demand are better positioned to weather the storm.
Trump's tariff 2.0 might be a high-stakes negotiation tactic, but for stocks exposed to discretionary imports, it's a risk that can't be ignored. 
As trade tensions escalate, investors are questioning not only who bears the cost of tariffs but also how long consumers can endure higher prices before they stop spending altogether.
Read Next: 
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<li><a href="https://www.benzinga.com/government/regulations/24/11/42058282/trumps-tariffs-could-have-severe-consequences-for-us-defense-sector-beijing-adviser-warns">Trump&#8217;s Tariffs Could Have &#8216;Severe Consequences&#8217; For US Defense Sector, Beijing Adviser Warns</a></li>
</ul>
Photo by Khanthachai C on Shutterstock

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COST

Trump's Tariff Plan Targets Imports: Electronics, Retail Stocks At Risk

Biotech

SELLAS Life Sciences Group Announces Data From Preclinical Studies Identifying ASXL1 Mutations As A Predictor Of SLS009 Response In Solid Cancers; Says High Efficacy Of SLS009 Observed In 67% Of ASXL1 Mutated Solid Cancers vs 0% In Non-ASXL1 Mutated Cancers

SIMPPLE Ltd. (NASDAQ:<a href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>, "SIMPPLE", "the Company"), "SIMPPLE", "the Company"), a leading technology provider and innovator in the integrated facilities management sector, today announced that its Singapore subsidiary had signed a partnership agreement with Bangkok-based RAAS PAL Co., Ltd. to distribute Internet-of-Things (IoT) sensors, robotics and the flagship SIMPPLE Software platform across Thailand.
Through this partnership, SIMPPLE secured and deployed its first commercial contract in Thailand, providing IoT sensors, Gemini robot security head, and SIMPPLE Software to three commercial retail buildings located in the heart of Bangkok that blends luxury, fashion, culture, and entertainment. The contract win is valued at $110,000.
RAAS PAL, a leading provider of service robotics automation, supplies multiple industry sectors including education, commercial retail and offices, hospitality, healthcare, industrial and residential in Thailand.

Contracts

SPPL

SIMPPLE Announces That Its Singapore Subsidiary Had Signed A $110,000 Partnership Agreement With RAAS PAL Co. To Distribute Internet-Of-Things Sensors, Robotics And The Flagship SIMPPLE Software Platform Across Thailand

D. Boral Capital analyst Jason Kolbert maintains CollPlant Biotechnologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLGN#NASDAQ">CLGN</a>) with a Buy and maintains $14 price target.

CLGN

D. Boral Capital Maintains Buy on CollPlant Biotechnologies, Maintains $14 Price Target

D. Boral Capital analyst Jason Kolbert maintains CervoMed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRVO#NASDAQ">CRVO</a>) with a Buy and maintains $34 price target.

CRVO

D. Boral Capital Maintains Buy on CervoMed, Maintains $34 Price Target

WIIM

BGNE

BioGene shares are trading higher after the company announced the European Commission has approved Tevimbra in combination with chemotherapy for the first-line treatment of esophageal squamous cell carcinoma.

Prenetics Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRE#NASDAQ">PRE</a>) reported its Q3 earnings results on Wednesday, November 27, 2024 at 08:30 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Prenetics Global beat estimated earnings by 2.0%, reporting an EPS of $-0.84 versus an estimate of $-0.86.
Revenue was up $2.91 million from the same period last year.
<h3>Historical Earnings Summary</h3>
In the previous quarter, the company beat on EPS by $0.05, resulting in a 9.0% drop change in the share price the following day.

To track all earnings releases for Prenetics Global <a href="https://www.benzinga.com/quote/PRE/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Prenetics Global: Q3 Earnings Insights

LQR House Inc. (the "Company" or "LQR House") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQR#NASDAQ">LQR</a>), a niche e-commerce platform specializing in the spirits and beverage industry, announced today a transformative step forward under the guidance of activist investor David Lazar. Mr. Lazar has entered into a Securities Purchase Agreement (the "SPA") with both MeiFang Group &amp; Winz Technology Co., signaling a strategic alignment aimed at advancing LQR House's market position and fostering sustainable growth.
As part of the agreement, MeiFang Group acquired 821,818 shares of common stock from Mr. Lazar for $1,300,000, representing a valuation of $1.58 per share. Similarly, Winz Technology Co. is set to acquire 280,000 shares of common stock from Mr. Lazar for $800,000, reflecting a valuation of $2.85 per share.

LQR House Inc. Announces MeiFang Group Acquired 821,818 Shares Of Common Stock From Mr. Lazar For $1.3M, Representing A Valuation Of $1.58 Per Share. Similarly, Winz Technology Co. Is Set To Acquire 280,000 Shares Of Common Stock From Mr. Lazar For $800,000, Reflecting A Valuation Of $2.85 Per Share

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>BMO Capital raised the price target for Autodesk, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) from $287 to $308. BMO Capital analyst Daniel Jester maintained a Market Perform rating. Autodesk shares closed at $317.96 on Tuesday. <a href="https://www.benzinga.com/quote/ADSK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird cut the price target for Kohl&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) from $25 to $18. Baird analyst Mark Altschwager downgraded the stock from Outperform to Neutral. Kohl&#8217;s shares closed at $15.22 on Tuesday. <a href="https://www.benzinga.com/quote/KSS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Canaccord Genuity boosted Iris Energy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) price target from $15 to $17. Canaccord Genuity analyst Joseph Vafi maintained a Buy rating. Iris Energy shares settled at $9.56 on Tuesday. <a href="https://www.benzinga.com/quote/IEN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Telsey Advisory Group boosted The Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) price target from $62 to $85. Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating. Kroger shares closed at $60.57 on Tuesday. <a href="https://www.benzinga.com/quote/KR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Guggenheim raised New Jersey Resources Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NJR#NYSE">NJR</a>) price target from $46 to $49. Guggenheim analyst Shahriar Pourreza maintained a Neutral rating. New Jersey Resources shares closed at $50.71 on Tuesday.  <a href="https://www.benzinga.com/quote/NJR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Northland Capital Markets boosted MoneyLion Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ML#NYSE">ML</a>) price target from $80 to $100. Northland Capital Markets analyst Mike Grondahl maintained an Outperform rating on the stock. MoneyLion shares closed at $86.64 on Tuesday. See how other analysts view this stock.</li>
<li>Benchmark cut the price target for H World Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTHT#NASDAQ">HTHT</a>) from $53 to $48. Benchmark analyst Fawne Jiang maintained a Buy rating. H World shares settled at $33.10 on Tuesday. <a href="https://www.benzinga.com/quote/HTHT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup boosted Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) price target from $42 to $59. Citigroup analyst Paul Lejuez upgraded the stock from Neutral to Buy. Urban Outfitters shares closed at $40.14 on Tuesday. <a href="https://www.benzinga.com/quote/URBN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. cut the price target for MediWound Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDWD#NASDAQ">MDWD</a>) from $28 to $25. HC Wainwright &amp; Co. analyst Swayampakula Ramakanth maintained a Buy rating. MediWound shares closed at $16.90 on Tuesday. <a href="https://www.benzinga.com/quote/MDWD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham boosted Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) price target from $80 to $90. Needham analyst Mike Cikos maintained a Buy rating. Nutanix shares closed at $72.35 on Tuesday. <a href="https://www.benzinga.com/quote/NTNX/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Read This Next: 
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<li><a href="https://www.benzinga.com/24/11/42210452/top-3-consumer-stocks-that-are-set-to-fly-in-q4">Top 3 Consumer Stocks That Are Set To Fly In Q4</a></li>
</ul>

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Urban Outfitters To Rally Around 47%? Here Are 10 Top Analyst Forecasts For Wednesday

VCIG

VCI Global shares are trading higher after the company announced it received a conditional letter of award valued at approximately $24 million for its proposed data center project in Enstek City, Malaysia.

Oppenheimer analyst Brian Nagel maintains Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) with a Outperform and lowers the price target from $445 to $380.

LULU

Oppenheimer Maintains Outperform on Lululemon Athletica, Lowers Price Target to $380

Telsey Advisory Group analyst Dana Telsey maintains Signet Jewelers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) with a Market Perform and maintains $87 price target.

Telsey Advisory Group Maintains Market Perform on Signet Jewelers, Maintains $87 Price Target

JOYY shares are trading higher after the company reported better-than-expected Q3 adjusted EPADS results.

Oppenheimer analyst Scott Schneeberger maintains GXO Logistics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GXO#NYSE">GXO</a>) with a Outperform and raises the price target from $63 to $67.

Oppenheimer Maintains Outperform on GXO Logistics, Raises Price Target to $67

Prenetics Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRE#NASDAQ">PRE</a>) reported quarterly losses of $(0.84) per share which beat the analyst consensus estimate of $(0.86) by 2.33 percent. This is a 4.55 percent increase over losses of $(0.88) per share from the same period last year. The company reported $7.78 million in sales this quarter. This is a 30.91 percent increase over sales of $5.94 million the same period last year.

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