Scotch Creek Ventures Inc Ordinary Shares Stock (OTC: SCVFD)

Latest news for Scotch Creek Ventures Inc Ordinary Shares (OTC:SCVFD) Stock

Scotch Creek Ventures Inc Ordinary Shares

Scotiabank analyst Orest Wowkodaw maintains Nexa Res (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEXA#NYSE">NEXA</a>) with a Sector Underperform and raises the price target from $5.75 to $7.

News

Price Target

Analyst Ratings

NEXA

Scotiabank Maintains Sector Underperform on Nexa Res, Raises Price Target to $7

Scotiabank analyst Eric Winmill maintains MAC Copper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTAL#NYSE">MTAL</a>) with a Sector Outperform and lowers the price target from $16 to $14.5.

MTAL

Scotiabank Maintains Sector Outperform on MAC Copper, Lowers Price Target to $14.5

The <a href="https://www.benzinga.com/electric-vehicles">electric vehicle (EV) industry</a> continues to heat up as two of its marquee players, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), showcase contrasting trajectories.
While Tesla remains the established juggernaut, Rivian's recent strides suggest it's revving up to challenge the status quo.
<h2 class="wp-block-heading">Tesla: Deliveries Dep But Stock Chart Shows Strength</h2>
Tesla's stock has been a solid performer, up 70.39% over the past year and maintaining a 5.26% gain this past month. Despite these gains, recent annual vehicle deliveries dropped to 1.79 million in 2024, down from 1.81 million in 2023. 
The company managed record fourth-quarter production in 2024, yet deliveries in the quarter fell short compared to the fourth quarter of 2023.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010625&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="479" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06123314/Screenshot-2025-01-06-at-11.02.19-PM.png" alt="" class="wp-image-720239" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06123314/Screenshot-2025-01-06-at-11.02.19-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06123314/Screenshot-2025-01-06-at-11.02.19-PM-300x229.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
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From a technical perspective, TSLA stock remains in bullish territory, with its stock price above the 50-day and 200-day simple moving averages (SMAs). 
The MACD (moving average convergence/divergence) indicator at 14.51 and an RSI (relative strength index) of 52.30 suggest TSLA stock still has room for upward movement, though recent bearish signals from shorter-term averages may raise caution.
Read Also: <a href="https://www.benzinga.com/25/01/42821402/tesla-to-rally-around-20-here-are-10-top-analyst-forecasts-for-monday">Tesla To Rally Around 20%? Here Are 10 Top Analyst Forecasts For Monday</a>
<h2 class="wp-block-heading">Rivian: Deliveries Exceed Estimates, Stock Gains Momentum</h2>
Rivian, while newer to the game, is riding a wave of optimism. The stock is up 23.86% this past month, driven by delivery numbers for the fourth quarter 2024, which outperformed Wall Street estimates. 
<a href="https://www.benzinga.com/tech/25/01/42807694/rivian-reports-2nd-highest-quarterly-ev-deliveries-as-2024-wraps-up">Delivering 14,183 vehicles</a> in the quarter, Rivian also surpassed its annual guidance, producing 49,476 vehicles and delivering 51,579—a modest yet significant improvement over 2023 figures.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010625&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="479" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06123521/Screenshot-2025-01-06-at-11.02.28-PM.png" alt="" class="wp-image-720242" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06123521/Screenshot-2025-01-06-at-11.02.28-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06123521/Screenshot-2025-01-06-at-11.02.28-PM-300x229.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
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On the technical front, Rivian stock is decisively bullish, with its price above all key moving averages. The RSI of 67.56, however, indicates it is approaching overbought levels.
Investors must weigh the short-term gains against potential corrections as the stock navigates elevated valuations.
<h2 class="wp-block-heading">The Verdict: Dominance Vs. Potential</h2>
Tesla's scale makes it the leader of the EV market, but Rivian's recent momentum could disrupt the narrative. Tesla's production volumes dwarf Rivian's, but the latter's ability to beat expectations and its focus on scaling production might attract growth-focused investors.
For now, Tesla offers stability and long-term dominance, while Rivian provides the allure of a promising growth story. The choice ultimately depends on whether investors seek a tested titan or an emerging contender ready to accelerate.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42820541/lyft-analyst-says-buy-into-the-story-despite-tesla-waymo-competition">Lyft Analyst Says &#8216;Buy Into The Story&#8217; Despite Tesla, Waymo Competition</a></li>
</ul>
Image: Shutterstock

Long Ideas

Technicals

Tech

Trading Ideas

RIVN

TSLA

Tesla Vs. Rivian: An Electrifying Showdown In The EV Arena

Scotiabank analyst Orest Wowkodaw maintains Lundin Mining (TSX:<a class="ticker" href="https://www.benzinga.com/stock/LUN#TSX">LUN</a>) with a Sector Outperform and lowers the price target from C$16 to C$15.

TSX:LUN

Scotiabank Maintains Sector Outperform on Lundin Mining, Lowers Price Target to C$15

VinFast To Double EV Capacity

Scotiabank analyst Orest Wowkodaw maintains Labrador Iron Ore Royalty (TSX:<a class="ticker" href="https://www.benzinga.com/stock/LIF#TSX">LIF</a>) with a Sector Perform and raises the price target from C$31 to C$33.

TSX:LIF

Scotiabank Maintains Sector Perform on Labrador Iron Ore Royalty, Raises Price Target to C$33

Scotiabank analyst Orest Wowkodaw maintains Ivanhoe Mines (TSX:<a class="ticker" href="https://www.benzinga.com/stock/IVN#TSX">IVN</a>) with a Sector Outperform and lowers the price target from C$21.5 to C$21.

TSX:IVN

Scotiabank Maintains Sector Outperform on Ivanhoe Mines, Lowers Price Target to C$21

Scotiabank analyst Orest Wowkodaw maintains Ivanhoe Electric (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IE#AMEX">IE</a>) with a Sector Outperform and lowers the price target from $14 to $13.5.

Scotiabank Maintains Sector Outperform on Ivanhoe Electric, Lowers Price Target to $13.5

Kirby's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) short percent of float has fallen 16.2% since its last report. The company recently reported that it has 599 thousand shares sold short, which is 1.19% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.32 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Kirby Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736191822_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Kirby has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Kirby's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Kirby's peer group average for short interest as a percentage of float is 2.81%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Kirby's Recent Short Interest

The stage is set for <a href="https://www.benzinga.com/topic/semiconductors">a semiconductor showdown</a> as Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) square off at the CES 2025.
With Nvidia riding a wave of AI-driven growth and AMD looking to regain its footing, the contrasting fortunes of these chip giants highlight the evolving dynamics in the semiconductor sector. 
But will CES spark a turnaround for AMD, or will Nvidia continue its dominance?
<h1 class="wp-block-heading">Nvidia: Still The AI Darling</h1>
Nvidia has been on fire, boasting a jaw-dropping 189.61% gain over the past year. 
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010625&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="479" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06130440/Screenshot-2025-01-06-at-11.34.15-PM.png" alt="" class="wp-image-720332" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06130440/Screenshot-2025-01-06-at-11.34.15-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06130440/Screenshot-2025-01-06-at-11.34.15-PM-300x229.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
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The stock is in turbo mode, with all signals pointing to strong bullish momentum:
<ul>
<li>NVDA Price Action: At $151.21, NVDA stock sits comfortably above key SMAs (Eight-, 20-, 50- and 200-day).</li>
<li>MACD (moving average convergence/divergence): Positive at 1.14, reinforcing bullish vibes.</li>
<li>RSI (relative strength index): 65.52, indicating there's room to climb further.</li>
</ul>
As the world's AI obsession fuels demand, Nvidia's server partner Foxconn has clocked a 15% revenue jump, thanks to soaring AI infrastructure sales. 
All eyes are now on CES 2024, where CEO Jensen Huang is set to tease the much-hyped Blackwell chip. 
With supply chain hiccups in the rearview mirror, this could be the nitro boost Nvidia needs to leave its November slump in the dust.
Read Also: <a href="https://www.benzinga.com/25/01/42818093/amd-and-stradvision-team-up-to-boost-adas-backed-by-trump-and-musks-vision-for-autonomous-cars">AMD, StradVision Team Up To Boost Driver Assistance Systems For Autonomous Cars</a>
<h1 class="wp-block-heading">AMD: Trying To Catch Up</h1>
AMD, meanwhile, is stuck in neutral. The stock is down 11.25% over the past year and has shed 27.40% in six months, a stark contrast to Nvidia's ascent. 
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010625&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="479" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06130731/Screenshot-2025-01-06-at-11.34.26-PM.png" alt="" class="wp-image-720340" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06130731/Screenshot-2025-01-06-at-11.34.26-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/06130731/Screenshot-2025-01-06-at-11.34.26-PM-300x229.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
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The technical indicators aren't offering much relief:
<ul>
<li>AMD Price Action: At $130.13, AMD stock remains below critical SMAs (both 50- and 200-day).</li>
<li>MACD: At a negative 3.61, signaling ongoing weakness.</li>
<li>RSI: 51.50, stuck in neutral territory.</li>
</ul>
AMD is hoping CES 2024 will be its comeback stage, with plans to unveil RDNA 4 graphics cards and other innovations. While the company's $203.4 billion market cap is nothing to scoff at, it's clear AMD is playing catch-up as Nvidia sprints ahead in the AI race.
<h1 class="wp-block-heading">Chip Showdown: Nvidia Stays Ahead</h1>
Nvidia's dominance in AI and its solid technical setup make it the undeniable leader, while AMD is left fine-tuning its strategy. 
For now, Nvidia's stock looks like a well-oiled machine, while AMD's engine is still warming up.
Watch Huang&#8217;s CES keynote Monday evening here:
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="&#x1f534;WATCH LIVE: NVIDIA CEO Jensen Huang Keynote Speech at CES 2025" width="500" height="281" src="https://www.youtube.com/embed/UGAT_MK0R6g?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/42775636/ces-2025-preview-nvidia-amd-in-spotlight-other-trends-and-stocks-to-watch">CES 2025 Preview: Nvidia And AMD Grab Spotlight, Other Trends And Stocks To Watch</a></li>
</ul>
Photos: Shutterstock

NVDA

Nvidia Soars, AMD Stalls: AI Race Heats Up At CES 2025

Cummins's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>) short percent of float has risen 5.56% since its last report. The company recently reported that it has 1.81 million shares sold short, which is 1.52% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.48 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Cummins Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736191817_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Cummins has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Cummins's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Cummins's peer group average for short interest as a percentage of float is 6.81%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Cummins's Recent Short Interest

Corning's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) short percent of float has risen 6.84% since its last report. The company recently reported that it has 10.68 million shares sold short, which is 1.25% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.67 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Corning Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736191811_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Corning has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Corning's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Corning's peer group average for short interest as a percentage of float is 5.06%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(GLW) - Analyzing Corning's Short Interest

Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) eyes new upside from live sports, the latest of which is Monday Night RAW, which debuts on January 6 <a target="_blank" href="https://www.benzinga.com/general/sports/24/12/42492251/netflix-ceo-says-paul-tyson-fight-really-phenomenal-strong-demand-for-nfl-game-advertising" rel="noreferrer noopener">under a deal</a> with TKO Group Holdings, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKO#NYSE">TKO</a>).
The streaming giant aims to introduce the world of professional wrestling to a broader global audience, offering them access to the show's unique mix of athleticism, drama, and <a target="_blank" href="https://www.netflix.com/tudum/articles/wwe-raw-cast" rel="noreferrer noopener">larger-than-life personalities</a>.
Liv Morgan, the current WWE Women's Champion, described RAW as an eclectic mix of violence, physicality, and costumes.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/01/42791013/netflixs-strong-execution-and-innovative-content-strategy-impress-analyst" rel="noreferrer noopener">Bearish Analyst Regrets Not Upgrading Netflix To Buy In 2023</a>
CM Punk, a WWE legend, compared the freakishly strong, remarkably athletic wrestlers with mountain climbers with Netflix as their latest goal. He hailed the wrestlers as larger-than-life entertainers who will help Netflix penetrate into new households.
Cody Rhodes, the current WWE Champion, expects the audience to fall in love with somebody on the program or the program itself.
Punk expects stars like Rhea Ripley to draw audiences in and ensure they return week after week.
Previously, Netflix co-CEO&nbsp;Ted Sarandos flagged WWE as catering to <a target="_blank" href="https://www.benzinga.com/general/sports/24/12/42492251/netflix-ceo-says-paul-tyson-fight-really-phenomenal-strong-demand-for-nfl-game-advertising" rel="noreferrer noopener">the younger audience</a>.
In November, Netflix streamed a live boxing event featuring a Jake Paul&nbsp;and&nbsp;Mike Tyson faceoff with 109 million people watching the fight globally. It hosted two National Football League games on Christmas Day with Beyoncé&nbsp;is performing at halftime.
Sarandos boasted of huge ad demand for the NFL games and upcoming WWE events.
The NFL game&#8217;s audience <a target="_blank" href="https://www.benzinga.com/general/sports/24/12/42728254/netflixs-nfl-push-signals-shift-in-sports-streaming-landscape-analyst-says" rel="noreferrer noopener">aligned with expectations</a> for a usual dip in streaming versus TV, Rosenblatt's Barton Crockett noted. The analyst hailed NFL streaming as a positive shift for Netflix.
Oppenheimer's Jason Helfstein described Netflix as the sole investable&nbsp;<a target="_blank" href="https://www.benzinga.com/media/24/12/42701434/netflixs-nfl-debut-brings-record-streams-but-lags-traditional-tv-report" rel="noreferrer noopener">mainstream media stock</a> backed by ad potential from NFL Christmas Day games and live events.
Netflix stock surged over 80% in the last 12 months. Investors can gain exposure to the streaming giant through iShares Russell 1000 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWF#NYSE">IWF</a>) and The Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>).
Price Actions:&nbsp;NFLX stock is down 0.85% at $873.59 at the last check on Monday.&nbsp;
Also Read:
<ul>
<li><a href="https://www.benzinga.com/media/25/01/42762874/broadcom-thrives-with-114-stock-surge-in-ai-boom-while-intel-faces-steep-decline" target="_blank" rel="noreferrer noopener">Broadcom Thrives with 114% Stock Surge in AI Boom, While Intel Faces Steep Decline</a></li>
</ul>
Image via Shutterstock

NFLX

Netflix Brings WWE Monday Night RAW to Streaming Starting January 6

Scotiabank analyst Orest Wowkodaw maintains Hudbay Minerals (TSX:<a class="ticker" href="https://www.benzinga.com/stock/HBM#TSX">HBM</a>) with a Sector Outperform and raises the price target from C$15 to C$16.

TSX:HBM

Scotiabank Maintains Sector Outperform on Hudbay Minerals, Raises Price Target to C$16

Scotiabank analyst Orest Wowkodaw maintains First Quantum Minerals (TSX:<a class="ticker" href="https://www.benzinga.com/stock/FM#TSX">FM</a>) with a Sector Perform and lowers the price target from C$23 to C$22.

TSX:FM

Scotiabank Maintains Sector Perform on First Quantum Minerals, Lowers Price Target to C$22

Scotiabank analyst Orest Wowkodaw maintains Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) with a Sector Perform and lowers the price target from $52 to $48.

Scotiabank Maintains Sector Perform on Freeport-McMoRan, Lowers Price Target to $48

Scotiabank analyst Orest Wowkodaw maintains Ero Copper (TSX:<a class="ticker" href="https://www.benzinga.com/stock/ERO#TSX">ERO</a>) with a Sector Outperform and lowers the price target from C$30 to C$29.

TSX:ERO

Scotiabank Maintains Sector Outperform on Ero Copper, Lowers Price Target to C$29

Scotiabank analyst Orest Wowkodaw maintains Denison Mines (TSX:<a class="ticker" href="https://www.benzinga.com/stock/DML#TSX">DML</a>) with a Sector Outperform and raises the price target from C$4.5 to C$4.75.

TSX:DML

Scotiabank Maintains Sector Outperform on Denison Mines, Raises Price Target to C$4.75

Goldman Sachs analyst Ronald Keung maintained a Buy rating on Tencent Holdings ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) and a <a href="https://www.benzinga.com/quote/TCEHY/analyst-ratings" target="_blank" rel="noreferrer noopener">price target of</a> 542 Hong Kong dollars ($69.70 U.S. dollars).
Keung attended the Tencent Video All-Star Night alongside investor meetings held in Macau on Jan. 4, 2025, hosted by Tencent&#8217;s Chief Strategy Officer James Mitchell, Tencent Video CEO Sun Zhonghuai, China Literature CEO Hou Xiaonan and the Investor Relations team.
The analyst flagged platform leadership over the years on the back of patience and balanced execution and transformation mindsets, demonstrated by a consistent track record of surpassing its competitors and subsequently becoming the industry leader across multiple internet domains (Tencent Video, Tencent Pay, Tencent Games) leveraging effective deployment of resources.
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Keung highlighted the company&#8217;s focus on critical resources and multi-strategies for exploring AI opportunities. With critical resources such as the company&#8217;s hypercomputing cluster (HPC) and increasingly sophisticated data, the company noted it had narrowed the gap with domestic and global peers and is on track to explore generative AI opportunities, including to-C applications, given its unique, highly engaging WeChat ecosystem, with users opening the Weixin app 40-50 times a day.
The analyst flagged Tencent Video&#8217;s help in solidifying the company&#8217;s leadership in online video entertainment driven by art and technology. He noted Tencent Video is gradually entering a period of high-quality content creation with healthy profitability through focusing resources on slates, improving the membership mix, taking anti-pirating measures by limiting the number of devices per account, and continuing operating expenditure discipline.
Keung highlighted China Literature as a key catalyst for the company. The three-stage development of IP enables Tencent to monetize its key IPs emerging from online literature by adapting them into multiple entertainment formats, including games, drama, animation, and merchandise sales, and gradually expand overseas in the long term.
Keung came out of the event remaining confident in Tencent&#8217;s extended runway of revenue growth and compounding the potential for earnings, with Tencent&#8217;s unique WeChat ecosystem and global gaming and content assets with multiple emerging monetization levers across video account, e-commerce (with MiniShops and its recent launch of the Weixin gifting function), Weixin search, wealth management and enterprise software, that should enable the company to deliver compounding of earnings growth through volatile macrocycles.&nbsp;&nbsp;
Tencent is trading at 15 times 2025E P/E (12 times ex-portfolio), with a consistent shareholder return policy where it surpassed its 2024 annual buyback target with 112 billion Hong Kong dollars ($14,403,760,000 U.S. dollars) worth of shares repurchased versus a target of over 100 billion Hong Kong dollars ($12,860,330,000 U.S. dollars), which reduced its total share count to the lowest level in the past 10 years.
TCEHY Price Action: Tencent Holdings stock is down 8.18% at $48.82 at publication Monday.
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Photo: katjen via Shutterstock

Reiteration

Global

TCEHY

Tencent Strengthens Video Leadership, Showcases Revenue Growth Potential: Analyst

Scotiabank analyst Orest Wowkodaw maintains Capstone Copper (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CS#TSX">CS</a>) with a Sector Outperform and lowers the price target from C$12.5 to C$12.

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