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Novagold Resources (AMEX:NG) Stock, Quote.Headers.trade-ideas

Novagold Resources

Novagold Resources Inc is a mineral exploration company engaged in the exploration and development of mineral properties. The company owns 50% of the Donlin Gold project, which is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River.

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Billionaire hedge fund manager John Paulson appears to be bullish on gold miners as his fund Paulson &amp; Co. holds several mining stocks. 

Billionaire John Paulson Bullish On Gold Miners, Including This Penny Stock

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Gold prices are up around 13% so far this year, but as of Friday&#39;s close the VanEck Gold Miners ETF was up less than 11%.

Mining Executives Weigh In On Gold Prices, Financing, Projects: &#39;We&#39;re Definitely Glad&#39;

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Billionaire hedge fund manager John Paulson appears to be bullish on gold miners as his fund, Paulson &amp; Co., holds <a href="https://www.benzinga.com/24/12/42598636/gold-falls-sharply-lamb-weston-shares-plunge">several mining stocks.&nbsp;</a>
What To Know: Paulson is well-known for betting against the housing market in 2006 and profiting about $20 billion when subprime mortgage bonds collapsed. He has been gathering gold mining stocks for years and with the price of gold <a href="https://www.benzinga.com/government/24/09/41043392/harris-vows-to-push-america-forward-stockpile-critical-minerals">climbing more</a> than 29% in 2024, investors may be interested in which companies Paulson &amp; Co. holds.&nbsp;
Read More: <a href="https://www.benzinga.com/general/social-media/24/12/42598651/mystery-drone-sightings-all-over-the-country-trump-says-what-to-know-about-investigations-lawmakers-reactions">&#8216;Mystery Drone&#8217; Sightings Spark Investigations, Politicians Respond: &#8216;Shoot Them Down,&#8217; Trump Says</a>
Paulson's Holdings: The Paulson &amp; Co. fund is heavily invested in mining stocks which together make up more than 33% of the total portfolio. Paulson's other holdings include mostly shares of healthcare and financial services companies.&nbsp;
According to the fund's most recent 13F<a href="https://www.sec.gov/Archives/edgar/data/0001035674/000101359424000980/xslForm13F_X02/primary_doc.xml"> filing</a>, Paulson &amp; Co.'s largest gold miner holding is a $231.6 million stake in Perpetua Resources Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPTA#NASDAQ">PPTA</a>), a development-stage mining company primarily focused on the exploration and restoration of the Stibnite Gold Project in Idaho.&nbsp;
Perpetua Resources stock is up nearly 300% in 2024.&nbsp;
The fund also holds a $111 million stake in Novagold Resources Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NG#AMEX">NG</a>) which owns 50% of the Donlin Gold project located in southwestern Alaska.&nbsp;
International Tower Hill Mines, Ltd. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/THM#AMEX">THM</a>), a gold miner with mines in Canada, Mexico, Finland, and Australia, is one of two penny stock holdings found in Paulson's fund. The other is Trilogy Metals Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TMQ#AMEX">TMQ</a>) with mineral resource properties including the Upper Kobuk Mineral Projects in Alaska.&nbsp;
Seabridge Gold, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SA#NYSE">SA</a>), Equinox Gold Corp. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EQX#AMEX">EQX</a>) and Iamgold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) round out the remainder of Paulson's gold mining holdings. 
Notably, the fund closed its position in AngloGold Ashanti Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>), selling nearly 2 million shares in the third quarter of 2024.&nbsp;
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Shares of metals and materials companies are trading lower. The sector may be reacting to China's recent stimulus efforts which have struggled to buoy the economy and business conditions.

Novagold Resources (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NG#AMEX">NG</a>) reported quarterly losses of $(0.03) per share. This is unchanged from the same period last year.

Earnings

Novagold Resources Q3 2024 GAAP EPS $(0.03), Same YoY

Shares of precious metals stocks are trading higher as gold and silver rise amid a drop in the US dollar following recent inflation data.

Reported Earlier, Novagold Resources Q2 EPS $(0.04) Misses $(0.02) Estimate, Cash Balance of $113M

Novagold Resources Expects FY24 Expenditures Of $31,200, Including Fund The Donlin Gold Project $14,250 And Corporate General And Administrative Costs $16,950

The appointment of Adamek comes following the retirement of long-serving CFO, David Ottewell, who will stay on until July 15, 2024 to ensure a seamless transition.

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NOVAGOLD Appoints Peter Adamek As Vice President And CFO, Effective July 15, 2024

U.S. stocks were mixed, with the Dow Jones gaining around 0.1% on Friday.
Shares of Despegar.com, Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DESP#NYSE">DESP</a>) rose sharply during Friday's session after the company reported <a href="https://www.benzinga.com/quote/DESP/earnings">better-than-expected quarterly sales results.</a>
Despegar.com posted GAAP earnings of 7 cents per share, versus market estimates of 15 cents per share. The company's quarterly sales came in at $173.700 million beating expectations of $171.556 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Despegar.com shares jumped 19.7% to $15.01 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Doximity, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCS#NYSE">DOCS</a>) gained 19.7% to $28.41 reported stronger-than-expected financial results for the fourth quarter on Thursday.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) climbed 14.5% to $64.52 after the company announced a partnership with OpenAI.</li>
<li>Ouster, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) gained 14.4% to $13.36.</li>
<li>CureVac N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVAC#NASDAQ">CVAC</a>) jumped 12.1% to $3.90</li>
<li>Autolus Therapeutics plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUTL#NASDAQ">AUTL</a>) rose 11.3% to $4.53 following first-quarter results.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) climbed 9.4% to $4.41.</li>
<li>Hecla Mining Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</a>) surged 8.6% to $5.97.</li>
<li>Endeavour Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXK#NYSE">EXK</a>) gained 8.2% to $3.79.</li>
<li>Coeur Mining, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) shares rose 7.7% to $5.68.</li>
<li>NovaGold Resources Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NG#NYSE">NG</a>) shares jumped 7.4% to $3.51</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) gained 6.2% to $19.01 after B of A Securities upgraded the stock from Underperform to Buy and raised its price target from $14 to $24.</li>
<li>Mesoblast Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>) rose 5.6% to $7.41.</li>
<li>RBC Bearings Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBC#NYSE">RBC</a>) shares climbed 4.5% to $279.55 following fourth-quarter results.</li>
<li>DouYu International Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOYU#NASDAQ">DOYU</a>) gained 4.3% to $10.96.</li>
</ul>
Now Read This:  <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38893741/jim-cramer-recommends-buying-this-sports-betting-companys-stock-i-think-its-terrific">Cramer Recommends Buying This Sports Betting Company&#8217;s Stock: &#8216;I Think It&#8217;s Terrific&#8217;</a>

TORONTO—It looks like the good mood among <a href="https://www.benzinga.com/etfs/sector-etfs/24/03/37994542/gold-prices-rise-to-all-time-highs-mark-best-month-in-4-years-mining-stocks-rally-as-traders-ant">gold miners</a> at last month's&nbsp;Prospectors &amp; Developers Association of Canada&nbsp;gathering was warranted.
Gold prices <a href="https://www.benzinga.com/news/large-cap/24/04/38117669/gold-shines-above-2-300-ends-another-week-at-record-high-mining-stocks-rally-to-11-month-peak">notched another record</a> above $2,300 on Friday, roughly a month after thousands of mining executives, analysts, financiers and investment bankers gathered in Toronto for the yearly conference and trade show.
At that time, gold was trading around $2,100 but was on its way higher amid expectations that the Federal Reserve will lower interest rates. Lower rates make non-interest-bearing gold more attractive. The precious metal has also gained ground amid worries over China's economy and tensions surrounding the war in Ukraine and the escalating conflict in the Middle East. Gold is often considered a safe haven in times of economic or political uncertainty.
Although gold mining stocks in general have been gaining ground, the industry is still lagging because of higher production costs. This suggests that if gold prices remain higher, mining stocks may play catch up, especially if inflationary pressures ease.
Gold prices are up around 13% so far this year, but as of Friday&#8217;s close the VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) was up less than 11%. The VanEck Junior Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDXJ#NYSE">GDXJ</a>) is closer, with a 12.55% gain.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37904601/global-mining-industry-faces-trust-deficit-despite-being-asked-to-produce-more-meta">Global Mining Industry Faces &#8216;Trust Deficit&#8217; Despite Being Asked To Produce More Metals For Energy Transition</a>
During the Toronto trade show in early March, gold mining companies were already celebrating gold's ascent as they pitched investors. They're undoubtedly celebrating more now.
Here are some thoughts from their pitches.
Alamos Gold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>): The presentation from Scott Parsons, senior vice president of investor relations for intermediate gold producer <a href="https://www.benzinga.com/m-a/24/03/37964057/alamos-gold-acquires-argonaut-gold-shareholders-look-toward-synergies">Alamos Gold</a> seemed particularly prescient.
As he was speaking, gold was just shy of all-time highs, and Parson's said he expected to see record gold prices in the second half of this year. His prediction came true early.
He saw several factors underpinning gold, including rising government debt levels, significant deficits and rising debt service costs. Also, he saw central bank easing on the horizon and rising geopolitical risks.
Gold Royalty Corp. (NYSEAMERICAN: GROY): One way to invest in gold equities without the drag of rising costs is through royalty or streaming stocks. These companies provide miners with upfront financing in exchange for revenue or metal eventually produced from a mine.&nbsp;
<a href="https://www.benzinga.com/news/earnings/24/03/37996542/gold-royalty-projects-revenue-to-double-universal-stainless-sees-record-sales-atlas-lithium-gets-30">Gold Royalty</a> chief financial officer Andrew&nbsp;Gubbels noted in his presentation that the company doesn't have any exposure to operating or capital cost inflation.
"We think it's a better way to invest in gold," he said.
NovaGold Resources Inc. (NYSEAMERICAN: NG): Richard Williams, chief operating officer of NovaGold, said his company is "highly leveraged" to the gold price.
"We have definitely been glad the gold price is going up," he said.
That's understandable because the stock needs a turnaround. Although shares have been rising over the past month as gold has climbed sharply, NovaGold is still down around 16% year to date.&nbsp;
The stock has been under pressure over concerns about its Donlin project in Alaska, which it owns with Barrick Gold Corp. (GOLD). NovaGold wants to update its feasibility study but Barrick wants to continue exploratory drilling.
Equinox Gold Corp. (NYSEAMERICAN: EQX): "High gold prices are good for everybody" in the gold mining industry, said Rhylin Bailie, vice president of investor relations with Equinox Gold.
Prior to a recent run up, the company's stock wasn't doing as well as it should because it is working on a capital intensive project in Ontario, Canada, she said. Two other projects in the province that are not Equinox's have seen higher capex than expected, and investors assumed that would happen with Greenstone, she said.
But the company says the project is on budget and on track with its time schedule.
"We are going to be pouring gold during the first half of the year as promised," Bailie said.
Western Exploration Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/WEXPF#OTC">WEXPF</a>): "Welcome to $2,100 gold," Darcy Marud, CEO of Western Exploration, said in his presentation in early March. "That should put a smile on everybody's face."
It seems the grins are continuing.
At some point, because of the nature of all commodities, gold prices will fall back. That could come from trading consolidation or news that reduces the chances that the Federal Reserve will lower interest rates. Easing tensions in the Middle East or Ukraine could also take some of the shine off.
Over the long run, the precious metal is still seen by many as holding its value and playing a defensive role in portfolios.
"Gold weathers all price environments," Marud said.
Gold Terra Resource Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/YGTFF#OTC">YGTFF</a>): Even though gold prices are traveling higher, financing for gold exploration continues to lag, including in Canada, one of the world's most prolific mining jurisdictions.
"Investing in exploration is dying," said Gerald Panneton, CEO of of Gold Terra. "Yellowknife has probably been underexplored for 20 years."
That's the area in Canada's Northwest Territories where Gold Terra is exploring below the underground workings of a mine that was closed in 2003 when much lower gold prices made it unprofitable.
The plan for 2024 is to "drill, drill, drill,"&nbsp;Panneton said. "We'd like to do 10,000 meters."
But the current financing market doesn't allow for that much, he said.
In January, gold financings dropped to $72 million, marking their lowest point in five years,&nbsp;according&nbsp;to S&amp;P Global Market Intelligence. Last month, gold financings rebounded to $198 million, ending a three-month losing streak but remaining relatively low compared with most monthly results over 2022 and 2023, the data provider said.
Now Read: <a href="https://www.benzinga.com/markets/commodities/24/04/38111351/exclusive-key-indicator-may-flip-global-economic-forecasts-copper-is-beginning-to-define-its-">EXCLUSIVE &#8211; Key Indicator May Flip Global Economic Forecasts — &#8216;Copper Is Beginning To Define Its Own Narrative&#8217;</a>
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Mining Executives Weigh In On Gold Prices, Financing, Projects: 'We're Definitely Glad'

Novagold Resources (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NG#AMEX">NG</a>) reported quarterly losses of $(0.03) per share which missed the analyst consensus estimate of $(0.02) by 50 percent. This is unchanged from the same period last year.

Novagold Resources Q1 EPS $(0.03) Misses $(0.02) Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Acuity Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>) is projected to report quarterly earnings at $3.25 per share on revenue of $907.75 million.
&bull; Icecure Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICCM#NASDAQ">ICCM</a>) is estimated to report quarterly loss at $0.32 per share on revenue of $3.14 million.
&bull; Quhuo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QH#NASDAQ">QH</a>) is expected to report earnings for its Fiscal Year 2023.
&bull; BiomX (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PHGE#AMEX">PHGE</a>) is estimated to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; BM Technologies (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BMTX#AMEX">BMTX</a>) is projected to report quarterly loss at $0.25 per share on revenue of $14.95 million.
&bull; Novagold Resources (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NG#AMEX">NG</a>) is expected to report earnings for its first quarter.
&bull; Levi Strauss (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) is likely to report quarterly earnings at $0.21 per share on revenue of $1.55 billion.
&bull; Resources Connection (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGP#NASDAQ">RGP</a>) is projected to report quarterly earnings at $0.05 per share on revenue of $152.77 million.
&bull; Sportsman&#39;s Warehouse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWH#NASDAQ">SPWH</a>) is expected to report quarterly loss at $0.30 per share on revenue of $372.62 million.
&bull; BlackBerry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>) is expected to report quarterly loss at $0.03 per share on revenue of $154.59 million.
&bull; Simulations Plus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLP#NASDAQ">SLP</a>) is expected to report quarterly earnings at $0.19 per share on revenue of $17.28 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For April 3, 2024

Gold has been on a tear of late and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37569351/gold-rises-to-all-time-highs-marks-longest-winning-streak-since-july-2000-driven-by">closed at a record high on Friday.</a> An economist said on Friday gold miners have lagged the rally in the yellow metal and could soon play catch-up.
What Happened: Gold&#8217;s record run hasn&#8217;t sparked interest in gold mining stocks, said economist and gold bull Peter Schiff. On Friday, gold futures settled at $2,186.20, up 0.97%. Despite the development, exchange-traded funds comprising gold mining stocks were essentially unchanged in the session. The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) ended Friday&#8217;s session up 0.10% $29.64, while the VanEck Junior Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDXJ#NYSE">GDXJ</a>) fell 0.42% to $35.93, according to<a href="https://benzinga.grsm.io/lxquj26b2sag"> Benzinga Pro data.</a>
&#8220;An explosive move up can&#8217;t be that far away. So buy the miners before the crowd realizes what&#8217;s going on,&#8221; Schiff said.
Delving into the potential reasons for a lack of reaction among mining stocks, Schiff said it could be due to investors selling these stocks to buy Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) ETFs.
Schiff also said he expects gold opening with a gap up at $2,200 on Monday. 
&#8220;This is more likely to be the case if Bitcoin crashes over the weekend,&#8221; he said.
See Also: <a href="https://www.benzinga.com/money/best-gold-stocks">Best Gold Stocks Right Now</a>
5 Gold Stocks To Keep A Tab On: Given the likelihood of the Federal Reserve reversing its rate hikes, the gold rally could continue. Gold, denominated in the U.S. dollar, shares an inverse relationship with the dollar, which could lose steam when the Fed cuts rates.
<a href="https://www.benzinga.com/money/is-gold-a-good-investment">Gold is also a good inflation hedge</a> and could be a go-to asset when inflationary pressure remain stubborn. 
If the yellow metal adds further luster to it and gold miners follow it on the way higher, here&#8217;s a list of stocks that could be worth accumulating:
<ul>
<li>B2Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTG#NYSE">BTG</a>)</li>
<li>Centerra Gold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CGAU#NYSE">CGAU</a>)</li>
<li>DRDGOLD Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRD#NYSE">DRD</a>)</li>
<li>Barrick Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>)</li>
<li>Hecla Mining Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</a>)</li>
<li>New Found Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NFGC#NYSE">NFGC</a>)</li>
<li>NovaGold Resources Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NG#NYSE">NG</a>)</li>
<li>Pan American Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>)</li>
<li>Seabridge Gold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SA#NYSE">SA</a>)</li>
<li>Sandstorm Gold Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAND#NYSE">SAND</a>)</li>
</ul>
These stocks were screened based on the following criteria:
<ul>
<li>Over $300 million market cap</li>
<li>Average trading volume over 500,000</li>
<li>Analyst rating of &#8220;Buy&#8221; or higher</li>
<li>Average analysts&#8217; price target is 30% above current market price</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/24/03/37526937/you-buy-gold-and-hope-it-doesnt-go-up-surge-in-gold-prices-sparks-investor-debate-on-long-term-value">&#8216;You Buy Gold And Hope It Doesn&#8217;t Go Up&#8217;: Surge In Gold Prices Sparks Investor Debate On Long-Term Value</a>
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Gold Stocks Could Gain In Catch-Up Rally, Says Peter Schiff: 'Explosive Move Up Can't Be Far Away'

Novagold Resources (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NG#AMEX">NG</a>) reported quarterly losses of $(0.03) per share. This is a 25 percent increase over losses of $(0.04) per share from the same period last year.

Novagold Resources Q4 EPS $(0.03) Up From $(0.04) YoY

<h3>Companies Reporting Before The Bell</h3>
&bull; Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) is estimated to report quarterly earnings at $0.22 per share on revenue of $5.86 billion.
&bull; General Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) is estimated to report quarterly earnings at $3.68 per share on revenue of $11.37 billion.
&bull; ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) is expected to report quarterly earnings at $5.27 per share on revenue of $7.53 billion.
&bull; Blue Foundry (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLFY#NASDAQ">BLFY</a>) is likely to report quarterly loss at $0.15 per share on revenue of $9.55 million.
&bull; Prosperity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PB#NYSE">PB</a>) is estimated to report quarterly earnings at $1.17 per share on revenue of $280.02 million.
&bull; Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) is likely to report quarterly earnings at $2.43 per share on revenue of $15.14 billion.
&bull; Amphenol (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) is projected to report quarterly earnings at $0.77 per share on revenue of $3.15 billion.
&bull; OFG Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OFG#NYSE">OFG</a>) is expected to report quarterly earnings at $0.93 per share on revenue of $141.62 million.
&bull; Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) is expected to report quarterly earnings at $1.19 per share on revenue of $10.18 billion.
&bull; Stifel Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SF#NYSE">SF</a>) is expected to report quarterly earnings at $1.31 per share on revenue of $1.07 billion.
&bull; Kimberly-Clark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>) is estimated to report quarterly earnings at $1.54 per share on revenue of $4.98 billion.
&bull; United Community Banks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCBI#NASDAQ">UCBI</a>) is expected to report quarterly earnings at $0.52 per share on revenue of $226.07 million.
&bull; AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) is expected to report quarterly earnings at $0.56 per share on revenue of $31.48 billion.
&bull; TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) is projected to report quarterly earnings at $1.71 per share on revenue of $3.86 billion.
&bull; New Oriental Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) is projected to report quarterly earnings at $0.29 per share on revenue of $814.07 million.
&bull; LG Display Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPL#NYSE">LPL</a>) is estimated to report quarterly loss at $0.06 per share on revenue of $5.61 billion.
&bull; Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) is expected to report quarterly earnings at $5.04 per share on revenue of $1.47 billion.
&bull; Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) is projected to report quarterly earnings at $1.54 per share on revenue of $3.95 billion.
&bull; HBT Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBT#NASDAQ">HBT</a>) is likely to report quarterly earnings at $0.59 per share on revenue of $58.16 million.
&bull; Elevance Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>) is projected to report quarterly earnings at $5.64 per share on revenue of $42.09 billion.
&bull; Simmons First Ntl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFNC#NASDAQ">SFNC</a>) is likely to report quarterly earnings at $0.34 per share on revenue of $204.25 million.
&bull; First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) is estimated to report quarterly earnings at $0.36 per share on revenue of $206.11 million.
&bull; Sterling Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBT#NASDAQ">SBT</a>) is projected to report quarterly earnings at $0.03 per share on revenue of $16.37 million.
&bull; Monro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNRO#NASDAQ">MNRO</a>) is expected to report quarterly earnings at $0.39 per share on revenue of $324.22 million.
&bull; BOK Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOKF#NASDAQ">BOKF</a>) is likely to report quarterly earnings at $1.75 per share on revenue of $490.40 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Hexcel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HXL#NYSE">HXL</a>) is expected to report quarterly earnings at $0.49 per share on revenue of $471.69 million.
&bull; CACI International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CACI#NYSE">CACI</a>) is estimated to report quarterly earnings at $4.47 per share on revenue of $1.84 billion.
&bull; IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) is projected to report quarterly earnings at $3.78 per share on revenue of $17.30 billion.
&bull; Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is estimated to report quarterly earnings at $0.74 per share on revenue of $25.59 billion.
&bull; Lavoro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVRO#NASDAQ">LVRO</a>) is likely to report quarterly loss at $0.10 per share on revenue of $366.65 million.
&bull; CSX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>) is likely to report quarterly earnings at $0.44 per share on revenue of $3.63 billion.
&bull; Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) is expected to report quarterly loss at $0.06 per share on revenue of $1.55 billion.
&bull; SLM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) is likely to report quarterly earnings at $0.89 per share on revenue of $378.36 million.
&bull; American Superconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>) is likely to report quarterly loss at $0.06 per share on revenue of $34.00 million.
&bull; First Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBMS#NASDAQ">FBMS</a>) is expected to report quarterly earnings at $0.68 per share on revenue of $58.42 million.
&bull; Amerant Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMTB#NYSE">AMTB</a>) is estimated to report quarterly earnings at $0.44 per share on revenue of $91.30 million.
&bull; Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) is projected to report quarterly earnings at $1.83 per share on revenue of $1.91 billion.
&bull; Live Oak Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOB#NYSE">LOB</a>) is projected to report quarterly earnings at $0.44 per share on revenue of $116.63 million.
&bull; Liberty Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LBRT#NYSE">LBRT</a>) is expected to report quarterly earnings at $0.57 per share on revenue of $1.09 billion.
&bull; First Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRBA#NASDAQ">FRBA</a>) is likely to report quarterly earnings at $0.39 per share on revenue of $29.58 million.
&bull; Raymond James Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>) is expected to report quarterly earnings at $2.26 per share on revenue of $3.06 billion.
&bull; Knight-Swift (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) is likely to report quarterly earnings at $0.44 per share on revenue of $1.97 billion.
&bull; United Rentals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>) is projected to report quarterly earnings at $10.93 per share on revenue of $3.62 billion.
&bull; Bridgewater Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWB#NASDAQ">BWB</a>) is estimated to report quarterly earnings at $0.25 per share on revenue of $27.00 million.
&bull; WR Berkley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRB#NYSE">WRB</a>) is likely to report quarterly earnings at $1.38 per share on revenue of $3.21 billion.
&bull; Ameriprise Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>) is estimated to report quarterly earnings at $7.69 per share on revenue of $3.88 billion.
&bull; Las Vegas Sands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) is likely to report quarterly earnings at $0.61 per share on revenue of $2.90 billion.
&bull; RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) is estimated to report quarterly earnings at $1.49 per share on revenue of $357.64 million.
&bull; Plexus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLXS#NASDAQ">PLXS</a>) is expected to report quarterly earnings at $1.08 per share on revenue of $987.63 million.
&bull; First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) is projected to report quarterly earnings at $0.31 per share on revenue of $19.28 million.
&bull; Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) is likely to report quarterly earnings at $0.64 per share on revenue of $122.80 million.
&bull; Colony Bankcorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBAN#NASDAQ">CBAN</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $28.40 million.
&bull; Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) is estimated to report earnings for its fourth quarter.
&bull; Pathward Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASH#NASDAQ">CASH</a>) is expected to report quarterly earnings at $1.24 per share on revenue of $166.47 million.
&bull; ResMed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>) is expected to report quarterly earnings at $1.79 per share on revenue of $1.15 billion.
&bull; Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) is expected to report quarterly earnings at $7.10 per share on revenue of $3.71 billion.
&bull; SL Green Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>) is likely to report earnings for its fourth quarter.
&bull; Horizon Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBNC#NASDAQ">HBNC</a>) is expected to report quarterly earnings at $0.31 per share on revenue of $52.34 million.
&bull; Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) is expected to report quarterly earnings at $0.54 per share on revenue of $72.97 million.
&bull; Washington Trust Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WASH#NASDAQ">WASH</a>) is likely to report quarterly earnings at $0.57 per share on revenue of $33.23 million.
&bull; Origin Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OBK#NYSE">OBK</a>) is projected to report quarterly earnings at $0.62 per share on revenue of $88.77 million.
&bull; Equity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQBK#NYSE">EQBK</a>) is likely to report quarterly loss at $1.87 per share on revenue of $29.80 million.
&bull; Alerus Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRS#NASDAQ">ALRS</a>) is likely to report quarterly earnings at $0.29 per share on revenue of $45.38 million.
&bull; Columbia Banking System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>) is projected to report quarterly earnings at $0.79 per share on revenue of $526.68 million.
&bull; Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) is estimated to report quarterly earnings at $1.06 per share on revenue of $197.95 million.
&bull; ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) is expected to report quarterly earnings at $2.78 per share on revenue of $2.40 billion.
&bull; Novagold Resources (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NG#AMEX">NG</a>) is estimated to report earnings for its fourth quarter.
&bull; Univest Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UVSP#NASDAQ">UVSP</a>) is likely to report quarterly earnings at $0.47 per share on revenue of $71.25 million.
&bull; Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) is likely to report quarterly earnings at $2.54 per share on revenue of $70.48 million.
&bull; Brookline Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRKL#NASDAQ">BRKL</a>) is estimated to report quarterly earnings at $0.23 per share on revenue of $85.19 million.
&bull; Eagle Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGBN#NASDAQ">EGBN</a>) is estimated to report quarterly earnings at $0.68 per share on revenue of $68.69 million.
&bull; Concentrix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>) is estimated to report quarterly earnings at $3.08 per share on revenue of $2.20 billion.
&bull; Ethan Allen Interiors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETD#NYSE">ETD</a>) is projected to report quarterly earnings at $0.76 per share on revenue of $179.20 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For January 24, 2024

Gold has been on a tear on expectations that the Fed is about to reverse its string of rate hikes, but gold mining stocks are lagging behind.
Gold has been on fire of late, propelled by expectations that the <a href="https://www.benzinga.com/markets/equities/23/12/36054244/november-rally-lights-up-stock-market-as-speculation-grows-over-potential-fed-rate-cuts-the-week">Federal Reserve will soon begin cutting rates.</a> Economist Peter Schiff, who is a avowed gold bull, commented on the commodity&#8217;s move in a post on X, formerly Twitter, on Friday.
What Happened: Spot gold settled Friday&#8217;s session at $2,070.90 a troy ounce after rising to an intraday high of $2,075.34. Gold futures for December delivery rose 1.72% before ending at $2,073.20.
So far this year, the spot gold and gold futures have rallied about 13.5%. In comparison, the S&amp;P 500 Index has advanced about 19.67%..
Commenting on the move, Schiff said that, despite gold&#8217;s $35 climb on Friday and its record close, gold mining stock rose by a more modest percentage than gold. This, he said, suggested &#8220;extreme bearishness.&#8221;
Just to hit a 52-week high, gold stocks still have to rise 12%, he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Despite today&#39;s $35 rise in gold and its record-high close, gold mining stocks actually rose by a lower percentage than <a href="https://twitter.com/hashtag/gold?src=hash&amp;ref_src=twsrc%5Etfw">#gold</a>, indicating extreme bearishness. Gold continues to climb a classic wall of worry. In fact, gold stock still need to rise 12% just to hit a 52-week high.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1730697714411966918?ref_src=twsrc%5Etfw">December 1, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption"> See Also: <a href="https://www.benzinga.com/money/best-commodities-to-buy">Best Commodities Stocks To Buy</a> What&#8217;s Driving Gold&#8217;s Rally: The Federal Reserve began raising interest rates in March 2022 to rein in inflation, which flared up due to the stimulatory measures of the government and central bank in the aftermath of the COVID-19 pandemic. </figcaption></figure>
With<a href="https://www.benzinga.com/news/econ-s/23/11/36021895/feds-preferred-inflation-measure-slows-to-3-paving-the-way-for-interest-rate-cuts-in-2024"> inflation cooling off</a> following Fed&#8217;s aggressive rate hikes that took rates to a 22-year high of 5.25%-5.50%, market participants now expect the central bank to begin reversing its rate hikes. This will result in the weakening of the dollar and in turn strengthening of gold. Gold and dollar share an inverse relation as the yellow is denominated in dollar. 
The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>), an exchange-traded fund that tracks performances of gold miners, has added about 11% for the year, underperforming spot gold and gold futures. Gold mining stocks could catch up with gold&#8217;s rally as higher prices would result in higher realized prices for the companies and boost their top-line.
Benzinga screened some gold stocks, running them through certain criteria, and these include:
<ul>
<li>Agnico Eagle Mines Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>)</li>
<li>B2Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTG#NYSE">BTG</a>)</li>
<li>Franco-Nevada Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>)</li>
<li>Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)</li>
<li>NovaGold Resources Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NG#NYSE">NG</a>)</li>
</ul>
The criteria used for screening are:
<ul>
<li>Over $300 million market cap</li>
<li>Average trading volume greater than 500,000</li>
<li>Analysts&#8217; recommendation of &#8220;Buy&#8221; or greater</li>
<li>Average analysts&#8217; price target, which is 20% above the current price</li>
</ul>
GDX ended Friday&#8217;s session at $31.81, up 1.56%, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Read Next: <a href="https://www.benzinga.com/money/best-commodity-etfs">Best Commodity ETFs</a>
Photo: Shutterstock

Peter Schiff Says Gold Stocks Show 'Extreme Bearishness' Despite Yellow Metal's Record Run: Can These Stocks Climb A 'Wall Of Worry?'

Small-cap stocks have underperformed their <a href="https://www.benzinga.com/markets/23/11/35814076/this-isnt-last-years-stock-market-investor-says-rally-should-continue-throughout-end-of-year-into-20">mid- and large-cap counterparts </a>in the broader market recovery seen since late October. 
Underwhelming Show: The S&amp;P 600 and the Russell 2,000 Indices, which comprise small-cap stocks, are barely in the green even as the major averages are solidly higher despite the slackness seen in the August-through October period.
The broader market has recovered from the three-month slump and is on the way higher, hoping for a Fed pivot amid a cool-off in inflationary pressure driving the upside. From the October 27 intraday low of 4,103.78, the S&amp;P 500 has run up 10%, and so have the S&amp;P 600 and the Russell 2,000 indices. These two indices have grossly underperformed the S&amp;P 500 Index for the year. 
Compared to the 17.6% year-to-date gain for the broader S&amp;P 500 Index, the S&amp;P 600 and Russell 2,000 are up merely 1.18% and 2.07%, respectively.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="938" height="781" src="https://editorial-assets.benzinga.com/wp-content/uploads/2023/11/20054243/rut.png" alt="" class="wp-image-146191" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2023/11/20054243/rut.png 938w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/11/20054243/rut-300x250.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/11/20054243/rut-768x639.png 768w" sizes="(max-width: 938px) 100vw, 938px" /></figure>
Chart Courtesy of Benzinga
See Also: <a href="https://www.benzinga.com/best-penny-stocks">Best Penny Stocks</a>
What Ails Lesser Knowns: Small-caps may have been hurt by the Federal Reserve&#8217;s successive rate hikes implemented since March 2023, a Wall Street Journal report <a href="https://www.wsj.com/finance/stocks/these-stocks-are-trailing-the-market-by-the-widest-margin-in-25-years-a123b0cd">said.</a> It added that these companies raise finances through floating-rate debt and are thereby not insulated against the interest-rate vagaries. From near-zero levels, the Fed funds rate is<a href="https://www.benzinga.com/government/23/11/35551472/feds-rate-pause-continues-powell-sends-mixed-signals-what-economists-predict-will-follow-next"> currently at a 22-year high of 5.25%-5.50%.</a> 
The Journal said that about 40% of S&amp;P 600 companies have outstanding floating-rate debt with shorter maturities compared to a more modest 10% of the S&amp;P 500 companies, citing the JPMorgan Equity Macro Research team. It said that small-cap companies are unlikely to benefit from a Fed pause and stand to gain only when the central bank begins cutting rates.
The report highlighted media company The E.W. Scripps Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSP#NASDAQ">SSP</a>), theme park operator Six Flags Entertainment Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIX#NYSE">SIX</a>), and sports and outdoor equipment maker Vista Outdoor Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTO#NYSE">VSTO</a>) as small-cap names that are stymied by higher interest burden despite the underlying debt declining from the year-ago levels. 
Potential Red Flag: Benzinga screened some companies with a high debt-to-equity ratio. Ideal debt-to-equity is traditionally considered to be 2:1. About 331 of small-cap stocks have a long-term debt/equity ratio of over 2:1, and 413 have total debt/equity exceeding the mark.
Some stocks with elevated total equity ratio include:
<ul>
<li>NovaGold Resources Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NG#NYSE">NG</a>)</li>
<li>Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSE#NASDAQ">CSSE</a>)</li>
<li>Gamida Cell Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMDA#NASDAQ">GMDA</a>)</li>
<li>J.Jill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JILL#NYSE">JILL</a>)</li>
<li>Hanesbrands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBI#NYSE">HBI</a>)</li>
</ul>
The above stocks were screened based on their debt-to-equity ratio, and the interest expense was not taken into account.
The WSJ reported that interest expenses at Scripps, Six Flags, and Vista Outdoor rose about 35% and 12% and 20%, respectively, in the third quarter related to the year-ago period.
Erik Knutzen, multiasset class chief investment officer at Neuberger Berman, said he is looking to pare back exposure to some small-caps with high financial and operational leverage, the report said. The analyst cited unprofitability and junk-rated debts as reasons for the same.
The SPDR Portfolio S&amp;P 600 Small Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPSM#NYSE">SPSM</a>) ended Friday&#8217;s session at $37.63, up 1.07%, according to Benzinga Pro.
Read Next: <a href="https://www.benzinga.com/23/11/35838465/a-golden-opportunity-portfolio-manager-highlights-unprecedented-discount-in-gold-mining-stocks">Golden Opportunity: Portfolio Manager Highlights Unprecedented Discount In Gold Mining Stocks</a>

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CLPR

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GMDA

JILL

SPSM

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Small-Caps Grossly Underperform Broader Market Amid This Red Flag: 5 Stocks On The Scanner

<h3>Companies Reporting Before The Bell</h3>
&bull; McCormick &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKC#NYSE">MKC</a>) is projected to report quarterly earnings at $0.65 per share on revenue of $1.70 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Novagold Resources (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NG#AMEX">NG</a>) is expected to report earnings for its third quarter.
&bull; Cal-Maine Foods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALM#NASDAQ">CALM</a>) is expected to report quarterly earnings at $0.25 per share on revenue of $473.37 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

CALM

Earnings Scheduled For October 3, 2023

<h3>Gainers</h3>
<ul>
<li>Minerva Neurosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nerv#NASDAQ">NERV</a>) surged 46.2% to $8.80. Minerva Neurosciences announced $20 million in private placement priced at a premium to market.</li>
<li>Kaleyra, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/klr#NYSE">KLR</a>) shares jumped 38.3% to $6.64 after Tata Communications Limited announced it has entered an agreement to acquire the company.</li>
<li>Theriva Biologics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tovx#NYSE">TOVX</a>) shares jumped 30.6% to $1.0808 after the company said Orphan Drug Designation was granted by the U.S. Food and Drug Administration for VCN-01 for the treatment of pancreatic cancer.</li>
<li>Joby Aviation, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/joby#NYSE">JOBY</a>) gained 26.4% to $8.08 after the company announced it received a permit that allows the company to begin flight testing of its first production prototype.</li>
<li>Baosheng Media Group Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/baos#NASDAQ">BAOS</a>) shares gained 22.4% to $9.12.</li>
<li>Xponential Fitness, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpof#NYSE">XPOF</a>) surged 18.1% to $18.57.</li>
<li>JX Luxventure Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jxjt#NASDAQ">JXJT</a>) rose 17.4% to $2.36.</li>
<li>Motorcar Parts of America, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mpaa#NASDAQ">MPAA</a>) gained 16.3% to $8.19.</li>
<li>Archer Aviation Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/achr#NYSE">ACHR</a>) rose 15.6% to $3.92. Stellantis reported a 10.6% stake in Archer Aviation Class A Common Stock as of June 23.</li>
<li>IronNet, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/irnt#NYSE">IRNT</a>) gained 14.8% to $0.23.</li>
<li>Doma Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/doma#NYSE">DOMA</a>) surged 13.8% to $0.2026.</li>
<li>Lichen China Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/licn#NASDAQ">LICN</a>) rose 13.5% to $1.51.</li>
<li>Opendoor Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/open#NASDAQ">OPEN</a>) jumped 13.3% to $3.8550.</li>
<li>eFFECTOR Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eftr#NASDAQ">EFTR</a>) gained 11.3% to $0.7001.</li>
<li>Avalo Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avtx#NASDAQ">AVTX</a>) shares climbed 11.1% to $0.4776 after declining around 14% on Tuesday. Avalo Therapeutics recently announced its Phase 2 Peak trial For quisovalimab In patients With non-eosinophilic asthma missed its primary endpoint.</li>
<li>Viad Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vvi#NYSE">VVI</a>) gained 10.5% to $26.82. Craig-Hallum initiated coverage on Viad with a Buy rating and announced a price target of $40.</li>
<li>National CineMedia, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ncmi#NASDAQ">NCMI</a>) shares rose 10.4% to $0.3450. National CineMedia said plan of reorganization has been confirmed by the United States Bankruptcy Court.</li>
<li>Fathom Digital Manufacturing Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fath#NYSE">FATH</a>) gained 10.4% to $0.35.</li>
<li>Beazer Homes USA, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bzh#NYSE">BZH</a>) climbed 10.2% to $27.15. Wedbush upgraded Beazer Homes USA from Neutral to Outperform.</li>
<li>iMedia Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/imbi#NASDAQ">IMBI</a>) shares rose 9.6% to $0.1767 after dropping over 15% on Tuesday. iMedia Brands recently announced receipt of second Nasdaq non-compliance notice.</li>
<li>Edgio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/egio#NASDAQ">EGIO</a>) gained 7.1% to $0.6478 after declining 3% on Tuesday.</li>
<li>Pinterest, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pins#NYSE">PINS</a>) climbed 6.1% to $28.00 after Wells Fargo upgraded the stock to Overrweight from Equal-Weight.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>American Rebel Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/areb#NASDAQ">AREB</a>) fell 31.4% to $3.7750 after jumping 17% on Tuesday. American Rebel recently announced a 1-for-25 reverse stock split.</li>
<li>AST SpaceMobile, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asts#NASDAQ">ASTS</a>) shares fell 29.3% to $4.5050 after the company announced pricing of an upsized offering of Class A common stock.</li>
<li>Leafly Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lfly#NASDAQ">LFLY</a>) fell 24.1% to $0.2809. Leafly was granted U.S. patent #11687994 for &quot;Systems For Selection Of Cannabis-Related Products And Visualization Of Chemical Data (The Decision Engine May Implement Artificial Intelligence).&quot;</li>
<li>Sonnet BioTherapeutics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sonn#NASDAQ">SONN</a>) dropped 23% to $0.52 after announcing $2.25 million registered direct offering of 5 million at $0.45/share.</li>
<li>Cognition Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgtx#NASDAQ">CGTX</a>) fell 22.8% to $1.93 after the company reported topline results from its Phase 2 SEQUEL study of Ct1812 in 16 adults with mild-to-moderate Alzheimer&#39;s disease.</li>
<li>EdtechX Holdings Acquisition Corp. II (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/edtx#NASDAQ">EDTX</a>) dropped 20.2% to $12.51.</li>
<li>Tivic Health Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tivc#NASDAQ">TIVC</a>) fell 17.3% to $0.1150. Tivic Health Systems shares gained 39% on Tuesday after the company announced that it entered into a non-exclusive distribution agreement with Cardinal Health.</li>
<li>Benitec Biopharma Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bntc#NASDAQ">BNTC</a>) declined 16.3% to $0.2258.</li>
<li>Black Diamond Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bdtx#NASDAQ">BDTX</a>) dipped 15% to $5.25. HC Wainwright &amp; Co. upgraded Black Diamond Therapeutic from Neutral to Buy and maintained $11 price target.</li>
<li>Mullen Automotive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/muln#NASDAQ">MULN</a>) fell 14.8% to $0.1165. The company announced Tuesday that on June 23 its Series D investors exercised their final option, expiring June 30, for $100 million.</li>
<li>Eton Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eton#NASDAQ">ETON</a>) dropped 14.8% to $3.4397 after the FDA issued complete response letter to dehydrated alcohol injection for methanol poisoning.</li>
<li>NovaGold Resources Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ng#NYSE">NG</a>) fell 11.6% to $4.0401 after the company announced second-quarter results.</li>
<li>Surgalign Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/srga#NASDAQ">SRGA</a>) shares dropped 11.3% to $0.2394 after jumping 19% on Tuesday. Surgalign recently received NASDAQ delisting notice following its Chapter 11 filing.</li>
<li>Axsome Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axsm#NASDAQ">AXSM</a>) fell 11.2% to $74.01 after the company&#39;s proposed public offering of common stock.</li>
<li>NeuroBo Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nrbo#NASDAQ">NRBO</a>) fell 9.2% to $0.4356.</li>
<li>Siyata Mobile Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/syta#NASDAQ">SYTA</a>) shares dropped 7.6% to $0.0535. Siyata Mobile shares dipped around 35% on Tuesday after the company priced a 50 million share offering at $0.045 per share.</li>
<li>Regencell Bioscience Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgc#NASDAQ">RGC</a>) fell 7.5% to $21.28.</li>
<li>Digital Media Solutions, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dms#NYSE">DMS</a>) shares fell 7.1% to $0.33 after dropping over 12% on Tuesday.</li>
<li>TeraWulf Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wulf#NASDAQ">WULF</a>) dropped 6.3% to $1.7150.</li>
<li>General Mills, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gis#NYSE">GIS</a>) fell 5.3% to $76.58 after the company reported a fourth-quarter revenue miss.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/23/06/33040684/top-5-real-estate-stocks-that-may-collapse-in-q2"> Top 5 Real Estate Stocks That May Collapse In Q2</a>

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