Fed governors may dissent against Powell amid Trump pressure - WSJ’s Timiraos
In a remarkable display of market confidence, shares of Scorpio Mining Corp (USAS) surged to a 52-week high, reaching a price level of $0.6, with average daily trading volume of 1.12 million shares. The company, currently valued at $373 million, is trading near its InvestingPro Fair Value. This peak represents a significant milestone for the company, which has seen its stock price dramatically increase over the past year. Investors have rallied behind USAS, propelling the stock to new heights and reflecting a bullish outlook on the company’s prospects. The impressive ascent includes a 39% gain in the past week alone and an 85% return over the last year. Analysts expect both sales growth and profitability this year, with earnings forecast at $0.02 per share. (InvestingPro subscribers have access to 12 more investment tips for USAS, including detailed growth and profitability metrics.)
In other recent news, American Silver Corp. reported annual revenues of $100.2 million, with a net loss of $48.9 million, or ($0.17) per share. This compares to the previous year’s revenue of $95.2 million and a net loss of $38.2 million, or ($0.16) per share. H.C. Wainwright adjusted its price target for American Silver twice, first increasing it to $1.00 from $0.90 and then reducing it back to $0.90, while maintaining a Buy rating on the stock. The adjustments reflect the company’s financial results and recent operational developments, including enhancements at the Galena Complex. The company plans significant upgrades to its #3 hoist and has invested in new underground mobile equipment to increase productivity. These upgrades are expected to be completed by the fourth quarter of 2025, with new equipment deliveries starting in the first quarter of the same year. Additionally, American Silver has launched a metallurgical test program to improve concentrate sales by optimizing the recovery of valuable metals. H.C. Wainwright’s analysis suggests that the company is well-funded to scale and improve its operations, supported by higher cash reserves.
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