On Monday, B.Riley initiated coverage on Royalty Corp (NASDAQ:UROY), a company specializing in uranium royalties, with a Buy rating and set a price target of $3.50. The firm highlighted the company’s robust portfolio, which includes 22 royalties on 19 assets, featuring prominent uranium sites such as Cigar Lake and McArthur River. Uranium Royalty Corp currently has three of its assets in commercial production, but B.Riley anticipates significant growth for the company. According to their analysis, about half of Uranium Royalty’s portfolio is expected to generate royalties within the next five years, with a projection of 73% becoming payable within a…
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ChatGPT and other natural language processing (NLP) chatbots have democratized access to powerful large language models (LLMs), delivering tools that facilitate more sophisticated investment techniques and scalability. This is changing how we think about investing and reshaping roles in the investment profession. I sat down with Brian Pisaneschi, CFA, senior investment data scientist at CFA Institute, to discuss his recent report, which provides investment professionals the necessary comfort to start building LLMs in the open-source community. The report will appeal to portfolio managers and analysts who want to learn more about alternative and unstructured data and how to apply machine…
Shoppers on Nanjing East Road in Shanghai, China, on Wednesday, Oct. 2, 2024. Qilai Shen | Bloomberg | Getty ImagesChinese investors are looking for more policy direction from China’s top economic planning body on Tuesday, when mainland markets return from a week-long holiday. A panel of senior officials from the National Development and Reform Commission, including chairman Zheng Shanjie, will brief reporters on the implementation of stimulus policies at the press conference on Tuesday at 10 a.m. local time, according to the notice from the State Council on Sunday. Economists and traders are closely watching for additional policy measures as Beijing has…
(Bloomberg) — Rio Tinto Group has made an approach for Arcadium Lithium Plc, the two sides said on Monday, confirming the latest takeover proposal in a sector turning its attention back to growth, as major miners scramble to increase their exposure to energy-transition metals.Most Read from BloombergThe world’s second-largest miner did not provide the financial details of its preliminary move but, if it moves ahead, a swoop for the battery-metal producer could shape up to be its most significant acquisition in well over a decade.Large miners have been returning to takeovers and landmark investments, but with caution, given poorly timed…
Image source: Getty Images Comparing yields is the most common way of identifying the best income stocks. The table below shows the current top 5 yielders on the FTSE 250. StockYield (%)Close Brothers Group17.76Ithaca Energy15.66Energean10.86NextEnergy Solar Fund10.57Burberry9.60Source: Trading View / data at close of business on 4 October But which is the ‘best’? By best, I mean which is the one with the dividend that’s most likely to be sustained at this level? Not what it seems When examining yields it’s important to be cautious. The information presented in the table is based on amounts paid during the past 12…
VORONEZH, Russia (Reuters) – A Russian court on Monday sentenced U.S. citizen and ex-Marine Robert Gilman to seven years and one month in prison for assaulting a prison official and a state investigator, the local prosecutor’s office said. Gilman, 30, is already serving a 3-1/2-year sentence for attacking a police officer while drunk, a charge he was convicted of in October 2022. Prosecutors in Voronezh, a city about 300 miles (500 km) south of Moscow where Gilman is incarcerated, said he had attacked a prison employee and a state investigator on separate occasions in the autumn of 2023. Reuters was…
Image source: Olaf Kraak via Shell plc Rising tensions in the Middle East have pushed Shell’s (LSE: SHEL) share price up, along with the oil price. This may prompt some investors to avoid the shares, thinking there can be little room left for further gains. Others may believe they should jump on the bandwagon to avoid missing out on further price rises. As a former investment bank trader, I know neither fear nor greed leads to optimal decisions on stocks. And now as a private investor, I believe any such decision is also best taken with a long-term view in…
By Jaspreet Kalra and Nimesh Vora MUMBAI (Reuters) – The Reserve Bank of India has asked state-run and private banks to refrain from betting heavily against the rupee in an effort to support the currency which has been teetering near record-low levels for the past three trading sessions, four sources said. The RBI informally communicated the instructions to bankers via phone calls on Monday with the rupee at risk of breaching its record low of 83.9850 per U.S. dollar, the sources said. The RBI has asked banks to avoid large bets against the rupee and the instructions are a form…
(Bloomberg) — Hedge funds turned bullish on the yen just before dovish comments by Japan’s new prime minister and a robust US jobs report helped spark the worst week for Japan’s currency since late 2009.Most Read from BloombergSpeculative investors flipped to a net long position on the yen for the first time since mid-August, Commodity Futures Trading Commission data for the week to Oct. 1 showed. The buying came right before Prime Minister Shigeru Ishiba said the nation wasn’t ready for further interest rate hikes.US nonfarm payrolls data that was higher than all estimates further bolstered demand for the greenback…
Image source: Getty Images With its share price falling 9% since the start of 2024, JD Wetherspoon (LSE:JDW) might be considered to be a value stock. However, on 4 October, after reporting record-breaking revenue of £2.04bn for the year ended 28 July 2024 (FY24) — and an increase in adjusted earnings per share of 77%, compared to FY23 — its stock price barely moved. It appears as though investors think the pub chain is fairly valued. Are they right? Let’s take a look. Cheer up Tim! After reporting such impressive growth, I thought the company’s directors would be more upbeat.…