Gold prices bounce off 3-week lows; demand likely longer term
VANCOUVER, British Columbia – Amarc Resources Ltd., a company specializing in gold and silver ores, has disclosed its condensed interim financial statements for the nine months ending December 31, 2024. The report, filed on March 4, 2025, with the United States Securities and Exchange Commission under Form 6-K, provides insight into the company’s financial position and performance during this period. According to InvestingPro data, the company operates in the robust Metals & Mining industry, with an EBITDA of $9.5 billion and revenue of $25.4 billion in the last twelve months.
The financial statements, accompanied by management’s discussion and analysis, offer a detailed look at Amarc’s financial outcomes. The filings include certifications of interim filings from both the CEO and CFO, ensuring the accuracy and reliability of the reported data. InvestingPro analysis shows the company maintains strong financial health with a current ratio of 2.42, indicating robust liquidity. Get access to over 10 additional exclusive ProTips and comprehensive financial metrics with InvestingPro.
Amarc Resources, headquartered on West Georgia Street in Vancouver, operates under the gold & silver ores industry, classified under the standard industrial classification code 1040. The company’s filings are a regular requirement as a foreign private issuer in compliance with the rules of the Securities Exchange Act of 1934.
Investors and stakeholders can review the company’s financial health through these statements, which cover the company’s earnings, expenses, and overall financial activities up to December 31, 2024. The documents submitted with the filing include the certifications by the CEO and CFO as per Form 52-109FV2, which are essential for issuers on the venture market.
The information presented in this article is based on the press release statement by Amarc Resources Ltd. and aims to summarize the key financial information provided in the company’s 6-K filing. For deeper insights, investors can access the comprehensive Pro Research Report available on InvestingPro, which provides detailed analysis of the company’s financial health, market position, and growth prospects. This report does not include any promotional content or subjective assessments but focuses solely on the factual data provided by the company.
In other recent news, Freeport-McMoRan (NYSE:FCX) has seen a series of developments impacting its stock and future outlook. Jefferies maintained a Buy rating on the company, setting a price target at $48, highlighting a divergence between the company’s stock performance and rising copper prices. Analysts at Jefferies noted that despite a 15% decline in stock value since January 2024, the average price of copper has increased by 12%, suggesting potential undervaluation. Meanwhile, Jefferies also upgraded Freeport-McMoRan from Hold to Buy, raising the target from $40 to $48, citing positive developments in Indonesia and potential benefits from U.S. tariffs on copper imports.
In contrast, Jefferies later downgraded the stock back to Hold, reducing the price target to $40 due to operational challenges in Indonesia and increased capital expenditures affecting the company’s free cash flow. BMO Capital Markets also adjusted its outlook, lowering the price target to $50 from $54, while keeping an Outperform rating, noting near-term challenges due to increased capital expenditure. Despite these challenges, BMO Capital remains optimistic about the long-term prospects for copper, which could benefit Freeport-McMoRan. Additionally, the company is expected to secure an extension for its export license in early 2025, a crucial factor for its operations. The recent announcement of a U.S. commerce probe into copper tariffs has also influenced market sentiment, potentially benefiting domestic producers like Freeport-McMoRan.
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