Latest news for Orthocell (OTC:ORHHF) Stock

Orthocell Ltd is a regenerative medicine company. The company is engaged in the development and commercialisation of cell therapies and related technologies. Its product includes CelGro is a naturally derived collagen medical device for tissue repair and Ortho-ATI is a first-in-class cell therapy for the treatment of chronic tendon injuries.

Orthocell Ltd

Wells Fargo analyst Neil Kalton maintains Southern (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>) with a Equal-Weight and raises the price target from $77 to $89.

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Wells Fargo Maintains Equal-Weight on Southern, Raises Price Target to $89

Deutsche Bank analyst Pito Chickering maintains Labcorp Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LH#NYSE">LH</a>) with a Hold and raises the price target from $220 to $230.

Laboratory Corporation Of America Holdings

Deutsche Bank Maintains Hold on Labcorp Holdings, Raises Price Target to $230

Nintendo ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) has reported a substantial decline in sales and net profit for the first quarter of FY2025, marking a challenging period in the eighth year of the <a href="https://www.benzinga.com/general/gaming/24/07/39753348/nintendo-switch-breaks-record-as-longest-lasting-home-console">Nintendo Switch&#8217;s lifecycle. </a>
The company attributes this decline to a relatively quiet release schedule compared to the same period last year, which saw the launch of blockbuster titles like The Legend of Zelda: Tears of the Kingdom, GamesIndustry.biz <a href="https://www.gamesindustry.biz/nintendo-q1-profits-decline-55-to-16bn-as-the-switch-nears-the-end-of-its-lifecycle">reported.</a>
See Also: <a href="https://www.benzinga.com/general/gaming/24/07/40081075/microsoft-reports-sharp-decline-in-xbox-hardware-sales-for-q4-but-theres-a-silver-lining">Microsoft Reports Sharp Decline In Xbox Hardware Sales For Q4, But There&#8217;s A Silver Lining</a>
<h3 class="wp-block-heading">Financial Overview</h3>
For the three months ending June 30, 2024, Nintendo&#8217;s financial results reveal a stark year-on-year comparison:
<ul>
<li>Net Sales: 246.6 billion yen ($1.6 billion), a 46.5% decrease</li>
<li>Net Profit: 80.9 billion yen ($542.9 million), down 55.3%</li>
<li>Hardware Sales: 2.1 million units, down 46.3%</li>
<li>Software Sales: 30.6 million units, down 41.3%</li>
</ul>
Sales across Nintendo&#8217;s platforms, including hardware, software, and accessories, fell 46.4% to 229 billion yen. Mobile and IP-related sales also dropped by 53.8% to 14.7 billion yen.
<h3 class="wp-block-heading">Hardware Performance</h3>
The decline in hardware sales is notable, with the Nintendo Switch family seeing a 46.3% drop to 2.1 million units sold:
<ul>
<li>Standard Model: 530,000 units (down 18.4%)</li>
<li>Switch Lite: 330,000 units (down 23.3%)</li>
<li>OLED Model: 1.24 million units (down 56.1%)</li>
</ul>
<h3 class="wp-block-heading">Software Sales</h3>
Software sales also saw a decline, with unit sales dropping 41.3%, from 52.21 million the previous year to 30.64 million units. Key releases included:
<ul>
<li>Paper Mario: The Thousand Year Door, released in May, sold 1.76 million units.</li>
<li>Luigi&#8217;s Mansion 2 HD, released in June, sold 1.19 million units.</li>
<li>Princess Peach: Showtime, a release from the previous fiscal year, achieved over 1.3 million units in cumulative sales during this period.</li>
</ul>
Digital sales accounted for over half of the total software sales on Switch during Q1 2025 but fell 32.6% year-on-year to 80.7 billion yen compared to 119.6 billion yen the previous year. Despite this decline, Nintendo noted that sales of download-only software and Nintendo Switch Online revenue remained stable, increasing the proportion of digital sales year-on-year.
<h3 class="wp-block-heading">Regional Sales Breakdown</h3>
Nintendo highlighted that 74.2% of sales were made overseas, with the following regional distribution:
<ul>
<li>Americas: 44.8%</li>
<li>Japan: 25.8%</li>
<li>Europe: 21.3%</li>
</ul>
<h3 class="wp-block-heading">Looking Ahead</h3>
Despite the downturn, Nintendo maintains its full-year expectations announced during its financial report on May 7. The company is likely banking on future releases and strategic initiatives to regain momentum.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40135938/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">Benzinga's ‘Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet</a></li>
</ul>
Photo: Shutterstock

Earnings

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NTDOY

Nintendo's Q1 Sales Plummet: Could Limited Releases Be To Blame?

Deutsche Bank analyst George Hill maintains Humana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) with a Hold and raises the price target from $341 to $349.

Deutsche Bank Maintains Hold on Humana, Raises Price Target to $349

Wells Fargo analyst Neil Kalton maintains Exelon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>) with a Equal-Weight and raises the price target from $40 to $42.

Wells Fargo Maintains Equal-Weight on Exelon, Raises Price Target to $42

Editor&#8217;s note: This story has been updated to correct the spelling of the country Guyana. 
Owing to its rich mineral resources, a developed capital market, and government support, Canada is an attractive jurisdiction for junior miners such as Northern Superior Resources (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSUPF#OTC">NSUPF</a>).
Benzinga recently sat down with CEO Simon Marcotte to discuss the state of the market and the company's plans for its promising projects in <a href="https://www.benzinga.com/topic/canada">Quebec and Ontario</a>.
<h1 class="wp-block-heading">BZ: How would you describe Northern Superior in an elevator pitch?</h1>
Marcotte: We're a pre-production junior miner who prefers to build ounces rather than build mines. In the gold space, the quickest and easiest return comes from putting ounces together, making these ounces viable, and increasing their value. That&#8217;s exactly what we do.
We&#8217;ve been consolidating the gold camp of Chibougamau. By doing this, we&#8217;re making the camp viable and increasing its value. Even in difficult markets, there have been places where gold stocks performed well and attracted capital, such as Guyana, Finland and Yukon.
We looked at the Chibougamau Gold camp and saw the potential. This camp already has 10 million ounces and is located in Quebec, one of the best mining jurisdictions. With current and upcoming work, I strongly believe it could have close to 15 million ounces within a year and a half to two years, putting it in a top-tier jurisdiction for an emerging gold camp.
A key difference with this camp is that all deposits are much closer together than in Yukon, Guyana or Finland, making it more suitable for a unified operation where all deposits feed the same mill.
<h1 class="wp-block-heading">BZ: Makes sense from a cost perspective, right?</h1>
Marcotte: Absolutely. If everything comes together, it would be like discovering 10 to 15 million ounces quickly, which would make front-page news in Canada. 
The camp was fragmented, with key deposits owned by five different companies three years ago. They couldn&#8217;t be part of the same mine plan or feasibility study. We took advantage of difficult years to consolidate, and now it's primarily us and Iamgold Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>).
Iamgold is now focusing on this camp as their next growth avenue after successfully ramping up their Coté mine in Ontario. They overcame significant challenges, divested assets at good prices, improved their balance sheet and brought in a new CEO, Renaud Adams, who is a great operator. 
With $300 million recently raised, Iamgold is now turning its attention to the Chibougamau camp, actively drilling projects in the area and acquiring Vanstar Resources, their joint venture partner. They've successfully repositioned as a Canadian company, and I'd be surprised if they turn and re-expand internationally.
<h1 class="wp-block-heading">BZ: Recently, we've seen different approaches to the market. From focusing on tier-one assets only to acquisitions or prioritizing internal growth. How do you view these approaches by major companies?</h1>
Marcotte: Generally, larger companies are not growing assets in Africa, even though you can make money there. There&#8217;s just as much value in tier-one jurisdictions without the extra risk, especially given the current volatility in Africa and South America. 
For junior miners like us, it&#8217;s about building ounces and eventually selling to a larger company. Given that larger companies are focusing on tier-one jurisdictions, I don't see value in venturing into riskier areas.
<h1 class="wp-block-heading">BZ: Your largest individual shareholder is Michael Gentile from Bastion Asset Management. How did that partnership start?</h1>
Marcotte: Michael and I saw the potential as the Nelligan project won the discovery of the year in Quebec in 2019. While many saw the potential, we decided to act on it. 
In 2020, I started Royal Fox Gold with the Philibert project to consolidate the camp, and Michael and I soon decided to work together to achieve this goal. It made sense to join our forces, and Royal Fox Gold became part of the consolidation strategy of Northern Superior.
As a board, we own 25% of the company, having recently done an $8 million financing where we provided $1 million ourselves. Michael and I work closely together. His involvement as a director is rare, but he's very active and brings immense value.
<h1 class="wp-block-heading">BZ:&nbsp; What is the camp's state at the moment?</h1>
Marcotte: Chibougamau is an industrial mining town with a history in copper mining and lumber, supported by extensive road and power infrastructure. Nelligan, an Iamgold project, is the largest deposit in the area, with significant growth potential and a grade of about 0.85, typical for large tonnage operations.
Philibert, our key deposit with around 2 million ounces and a grade 25% higher than Nelligan, can significantly lower the project&#8217;s payback period due to its high grade and excellent recovery rates (93-95%). Strategically, a mill between Philibert and Nelligan, only 9 kilometers apart, would be efficient.
Lac Surprise, an extension of Nelligan, has shown significant potential, especially with recent drilling results during COVID-19, which increased Northern Superior's share price. Iamgold&#8217;s development towards Lac Surprise indicates a merging of values. Monster Lake, another Iamgold project to the north, has a high grade of 12 grams per ton. Although not large enough to stand alone, its high-grade material can be trucked to the mill to enhance lower-grade operations.
Chevrier, located to the northeast, currently holds about 1 million ounces and shows massive potential. Our primary focus is expanding Philibert while IAMGOLD continues to develop Nelligan, aiming to reach approximately 15 million ounces in the next 18-24 months.
<h1 class="wp-block-heading">BZ: You had the TPK project, which you spun into another company. What was the advantage of that move?</h1>
Marcotte: Our size limits how many projects we can manage effectively. Spreading ourselves too thin leads to dilution without value creation. We wanted to focus on Quebec, where there&#8217;s enormous value potential, but TPK deserved attention, too. It is the largest gold-in-till anomaly in North America and potentially the world.
So, we created a new company, ONGold, with its own capital and management team. TPK, located in Ontario, has different socio-economic considerations. We hired Kyle Stanfield, a sustainability expert, to lead the team. He understands the local communities and their needs, ensuring we advance the project responsibly and create value for all stakeholders.
<h1 class="wp-block-heading">BZ: Have you engaged with the government, and do you think they are doing enough for this sector?</h1>
Marcotte: We&#8217;re fortunate to have the Quebec government as a partner. Quebec is one of the best jurisdictions for mining due to the government&#8217;s serious commitment to the industry. 
Permitting is clear and structured, and there&#8217;s financial support available at every development stage. For example, Philibert was initiated by the Quebec government, and we did an earn-in to acquire most of it. Investissement Québec can invest in projects at various stages, supporting visibility, permitting, and capex. 
This region offers a great combination of geology, engineering capability, and government support.
<h1 class="wp-block-heading">BZ: Considering the current economic cycle, what do you see next for gold and mining?</h1>
Marcotte: I don&#8217;t believe the debt level will make everything explode. Yes, the deficits are big, but we would have faced a severe recession without them. It&#8217;s not ideal, but it&#8217;s the lesser of two evils.
The U.S. debt is at $34 trillion and rising fast, but household wealth has increased by $50 trillion in the last five years. If we reverted to our financial state five years ago, we would be debt-free with an extra $10 trillion. However, if interest rates surge, the debt interest payments could become unmanageable. Thus, globalization is crucial as it helps keep inflation down.
Regarding gold, I think it&#8217;s about to soar. Gold is inversely correlated to real rates (rates minus inflation). 
For gold to rise, either rates must drop or inflation must rise while rates stay the same. I believe we are at a point where either or both will happen. 
Rates are likely to drop significantly. Canada has already cut rates twice, and the U.S. will follow. The U.S. needs to cut rates because credit has been contracting for almost two years, risking a severe recession. Lower rates are necessary to keep the economy moving. I am convinced the [U.S.] Fed will cut rates more than anticipated.
We&#8217;re also entering a political campaign period, which will likely be very inflationary. People dislike inflation but enjoy hearing about government spending, tariffs, and reduced immigration — all highly inflationary. As rates drop and inflation rhetoric spikes, gold is well-positioned to rise. 
Gold has already increased from $1,800 to $2,400 in the past year, driven by central bank purchases and demand from Asia, particularly as a hedge against real estate and a collapsing yen.
As real rates decline in the Western world, people will shift investments from the NASDAQ 100 to gold and gold derivatives. This shift will amplify gold&#8217;s rise, and gold equities will start catching up in valuation.
<h1 class="wp-block-heading">BZ: What should investors look for when evaluating junior miners?</h1>
Marcotte: Look for companies where insiders own a significant stake, ensuring aligned interests. I know I preach my own gig, but in a company like ours, you have an insider ownership of about 25%. 
Also, companies need to have a clear exit strategy, aiming to sell to larger companies. They should be located in jurisdictions with active larger companies and should be able to move the needle for potential acquirers. 
It's essential to balance financing with value creation and to be positioned in emerging camps or jurisdictions attractive to major players.
<h1 class="wp-block-heading">BZ: Any final message for our readers?</h1>
Marcotte: We&#8217;re serious about our company and confident in our strategy. In 18 months, the Chibougamau camp will be red hot. We're valued at $20 per ounce, but the National Bank says this camp is now becoming viable, so it should be worth about $100 per ounce. 
With the money raised, we expect to find ounces at less than $10 per ounce, setting us up for very accretive growth.
Now Read: • <a href="https://www.benzinga.com/government/24/08/40119611/exclusive-seabed-mining-company-execs-see-industry-developing-regardless-of-un-authority-vote">EXCLUSIVE: Seabed Mining Company Execs See Industry Developing Regardless Of UN Authority Vote</a>
Photo: Shutterstock

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NSUPF

EXCLUSIVE: Northern Superior CEO Simon Marcotte Explains Company's Strategic Expansion, Future Prospects (CORRECTED)

JMP Securities analyst Aaron Hecht maintains NexPoint Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NXRT#NYSE">NXRT</a>) with a Market Outperform and raises the price target from $40 to $50.

NXRT

JMP Securities Maintains Market Outperform on NexPoint Residential, Raises Price Target to $50

Deutsche Bank analyst George Hill maintains Centene (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNC#NYSE">CNC</a>) with a Hold and raises the price target from $82 to $87.

Deutsche Bank Maintains Hold on Centene, Raises Price Target to $87

Wells Fargo analyst Neil Kalton maintains Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>) with a Overweight and raises the price target from $72 to $79.

Wells Fargo Maintains Overweight on Eversource Energy, Raises Price Target to $79

Deutsche Bank analyst Pito Chickering maintains Acadia Healthcare Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACHC#NASDAQ">ACHC</a>) with a Hold and raises the price target from $70 to $75.

ACHC

Deutsche Bank Maintains Hold on Acadia Healthcare Co, Raises Price Target to $75

Wells Fargo analyst Neil Kalton maintains Entergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>) with a Overweight and raises the price target from $125 to $137.

Wells Fargo Maintains Overweight on Entergy, Raises Price Target to $137

Deutsche Bank analyst Mark Devries maintains Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Hold and raises the price target from $11 to $15.

Deutsche Bank Maintains Hold on Rocket Companies, Raises Price Target to $15

Wells Fargo analyst Sarah Akers maintains Pinnacle West Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNW#NYSE">PNW</a>) with a Equal-Weight and raises the price target from $80 to $87.

Wells Fargo Maintains Equal-Weight on Pinnacle West Capital, Raises Price Target to $87

Deutsche Bank analyst Brian Bedell maintains Blue Owl Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>) with a Buy and lowers the price target from $21 to $20.

Deutsche Bank Maintains Buy on Blue Owl Cap, Lowers Price Target to $20

Deutsche Bank analyst Brian Bedell maintains Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) with a Buy and lowers the price target from $130 to $129.

Deutsche Bank Maintains Buy on Apollo Global Management, Lowers Price Target to $129

Wells Fargo analyst Sarah Akers maintains Idacorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDA#NYSE">IDA</a>) with a Equal-Weight and raises the price target from $98 to $106.

Wells Fargo Maintains Equal-Weight on Idacorp, Raises Price Target to $106

Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) shares are experiencing a decline on Friday. This movement is attributed to e-commerce and broader market reactions following Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) mixed second-quarter earnings report and <a href="https://www.benzinga.com/news/earnings/24/08/40131294/whats-going-on-with-amazon-stock-after-earnings">soft third-quarter guidance.</a>
What To Know: Amazon reported mixed second-quarter earnings after Thursday&#8217;s closing bell, with net sales missing analysts&#8217; estimates. Despite AWS revenue slightly surpassing expectations at $26.3 billion, the overall guidance for third-quarter was softer than anticipated, with projected net sales ranging from $154 billion to $158.5 billion. 
Several analysts have also adjusted their price targets for Amazon, further influencing market sentiment. Stifel, Jefferies, Piper Sandler and JP Morgan all lowered their price targets for Amazon.
What Else: Shopify is set to release its second-quarter earnings report on Wednesday August 7th, before the market opens. The company is expected to report an estimated EPS of 20 cents and revenue of $2.011 billion. Additionally, analysts have shared mixed opinions on Shopify&#8217;s prospects. Over the past month, three industry analysts have proposed an average target price of $76.33 for the stock:
<ul>
<li>Wolfe Research downgraded its rating to Outperform and adjusted the price target to $80.</li>
<li>Piper Sandler maintained a Neutral rating with a price target of $67.</li>
<li>B of A Securities upgraded its rating to Buy with a price target of $82.</li>
</ul>
SHOP Price Action: Shopify shares fell by 7.31% to $53.92 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent080224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1024" height="538" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/02130040/SHOP-1024x538.png" alt="" class="wp-image-473860" style="width:459px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/02130040/SHOP-1024x538.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/02130040/SHOP-300x158.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/02130040/SHOP-768x403.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/02130040/SHOP.png 1087w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
See Also:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40133407/wall-street-analysts-think-servicenow-is-a-good-investment-is-it">Wall Street Analysts Think ServiceNow Is a Good Investment: Is It?</a></li>
</ul>
Photo by Koshiro K on Shutterstock.

Movers

AMZN

SHOP

Shopify Shares Slide Amid Amazon's Earnings Impact: What You Need To Know

Deutsche Bank analyst Bastian Synagowitz maintains ArcelorMittal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MT#NYSE">MT</a>) with a Hold and lowers the price target from $30 to $29.

Deutsche Bank Maintains Hold on ArcelorMittal, Lowers Price Target to $29

JMP Securities analyst Aaron Hecht maintains Mid-America Apartment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) with a Market Outperform and raises the price target from $145 to $160.

JMP Securities Maintains Market Outperform on Mid-America Apartment, Raises Price Target to $160

Wells Fargo analyst Sarah Akers maintains Consolidated Edison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) with a Equal-Weight and raises the price target from $97 to $105.

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