LONDON, UK / ACCESSWIRE / September 29, 2016 / Active Wall St. blog coverage looks at the headline from The Royal Bank of Scotland Group PLC (NYSE: RBS) as the company declared on September 28, 2016, that it has entered into a final settlement with the National Credit Union Administration’s (NCUA) Board to resolve two outstanding civil lawsuits for $1.1 billion. Reportedly, RBS is paying this sum to settle the two claims regarding the sale of ‘toxic’ mortgage security products during the 2008 financial crisis. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

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The lawsuit battle

This resolution is feasible as RBS prepares to settle a number of U.S. cases where it was accused of wrongly selling mortgage-backed bonds, hence elevating the U.S. regulator’s recoveries against various banks to $4.3 billion over the sales of such securities before the financial crisis of 2008.

According to a Reuters report, RBS has set aside $5 billion to settle historical misconduct charges; however, perpetual claims state that the amount would be much higher. The settlement, involving its subsidiary RBS Securities Inc., is related to the two mortgage-backed securities, namely in response to the claims filed by US Central Federal Credit Union, and Western Corporate Federal Credit Union. The settlement will resolve lawsuits filed in federal courts California and Kansas with the NCUA’s role as the agent behind the liquidity of the funds for these two entities.

RBS is paying the sum to the NCUA in the US and speculates that this settlement is covered by the existing provisions. NCUA’s Board Chairman Rick Metsger said the regulator plans to continue “to pursue recoveries against financial firms that we maintain contributed to the corporate crisis.”

The final settlement

The NCUA stated that it continues to sue other banks including the likes of Credit Suisse and UBS, over the similar issue of sale of faulty mortgage-backed securities. The NCUA has been recently litigating those corporate firms, whose calculated steps led to financial instabilities in the crisis of 2008.

Seemingly, RBS paid $129.6 billion to resolve a federal lawsuit, quite similar to the current one, the NCUA filed in New York in 2015. This settlement is said to have no impact on the earnings and profit estimates, rather, it is assumed to be primarily provisional, hence dormant to any market repercussions. The bank holds yet another multi-billion dollar lawsuit by the U.S. Federal Housing Finance Agency, which has reportedly acted as the conservator for mortgage giants Fannie Mae and Freddie Mac since the government took over in 2008.

RBS CEO, Ross McEwan, stated in a conference on September 27, 2016, that the bank has initiated the steps to resolve different mortgage claims over the year and the next.

“The NCUA intends to stay the course in fulfilling its statutory responsibilities to protect the credit union system and to pursue recoveries against financial firms that we maintain contributed to the corporate crisis,” Chairman Rick Metsger said in a statement reported by Bloomberg.

Stock Performance

On Wednesday, September 28, 2016, Royal Bank of Scotland’s shares closed the trading session at $4.68, climbing 1.74% from its previous closing price of $4.60. A total volume of 1.81 million shares exchanged hands at the end of the day. At the close yesterday, the stock’s market cap was $27.73 billion.

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Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

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ReleaseID: 446214

LONDON, UK / ACCESSWIRE / September 29, 2016 / Active Wall St. announces its post-earnings coverage on SYNNEX Corp. (NYSE: SNX). The company reported its financial results for the third quarter fiscal 2016 (Q3 FY16) on September 26, 2016. The business process services company topped earnings and revenue expectations and raised its quarterly dividend. Register with us now for your free membership at: http://www.activewallst.com/register/.

Today, AWS is promoting its earnings coverage on SNX; touching on HP Inc. (NYSE: HPQ). Get our free coverage by signing up to:

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Earnings Reviewed

For the quarter ended on August 31st, 2016, SYNNEX reported net income of $58.7 million, or $1.47 per share; with net income up 21.9%, compared to net income of $48.2 million, or $1.21 per share, for the year ago period. After adjustments for acquisition-related expenses and other factors, the company posted earnings of $1.73 per share, topping analysts’ estimates of $1.56 per share as well as SYNNEX’s forecast of between $1.52 per share to $1.57 per share.

For Q3 FY16, SYNNEX generated revenue of $3.67 billion, up 10.1% compared to revenue of $3.33 billion in the comparable quarter for 2015. Analysts expected revenue of $3.49 billion. Y-o-y revenue grew almost 9% to $3.7 billion excluding the Minacs acquisition and adjusting for currency. The company’s consolidated non-GAAP operating margin was 3.10%, representing nearly 20 basis points improvement compared to the prior year. HP Inc., at approximately 16% of sales, was the only vendor accounting for more than 10% of sales.

On July 11, 2016, SYNNEX announced that it will acquire Minacs and integrate it into its Concentrix business segment for a purchase price of approximately $420 million.

Clients

During Q3 FY16, SYNNEX added 12 new clients, totaling 26 new clients for the year, well up from last year. The company also received a record 25 industry awards in Q3 FY16, many won in partnership with its clients. Concentrix India became the first Company in India to be certified ISO 14001 for environmental stewardship.

Segment Results

During Q3 FY16, SYNNEX’s Technology Solutions segment generated revenues of $3.3 billion, representing an increase of 9.8% compared to the prior year quarter, bolstered by strong demand for its Hyve services, across the board growth in Technology Solutions US and Canada and offset by negative growth in Japan Technology Solutions. Technology Solutions non-GAAP operating income was $80.1 million, or 2.45% of revenue, up 11.72%, from the prior year’s quarter results of $71.7 million, or 2.41% of revenue.

The company’s Concentrix division contributed revenues of $406.7 million in Q3 FY16, up 13.1% from $359.5 million in the year-ago quarter. The Minacs’ acquisition contributed $36.2 million of revenue and $0.9 million of GAAP earnings to the Company’s total consolidated results of operations. For Concentrix, non-GAAP operating income in Q3 FY16 came in at $33.5 million, or 8.24% of revenue, up from the prior year’s quarter result of $25.2 million, or 7.02% of revenue.

Balance Sheet

SYNNEX’s overall cash conversion cycle for Q3 2016 was 42 days, representing an improvement of 3 days from Q3 of 2015. From a financing perspective, SYNNEX’s debt to capitalization ratio in Q3 FY16 came in at 29%. Preliminary cash flows used in operations were approximately $9 million for Q3 FY16. Capital expenditures for the reported quarter were $28 million, primarily due to continued Concentrix facility expansion. As of August 31, 2016, SYNNEX had cash and cash equivalents worth $223.28 million, down compared to cash and cash equivalents of $336.07 million as of November 30, 2015.

SYNNEX Board of Directors approved a regular quarterly cash dividend of $0.25 per common share to be paid on October 28, 2016 to stockholders of record as of the close of business on October 14, 2016. This is an increase from SYNNEX’s previous quarterly dividend of $0.20.

Outlook

For Q4 FY16, SYNNEX is projecting to generate revenue in the range of $3.83 billion to $3.93 billion. For non-GAAP net income, the forecast is for a range of $82.7 million to $84.7 million. Non-GAAP diluted EPS is anticipated to be in the range of $2.06 per share to $2.11 per share.

Stock Performance

The stock closed Wednesday trading session at $115.50, slightly falling 0.96% from its previous closing price of $116.62. A total volume of 522.55 thousand shares have exchanged hands, which was higher than the 3-month average volume of 228.17 thousand shares. SYNNEX’s stock price advanced 8.63% in the last month, 24.44% in the past three months, and 25.29% in the previous six months. Furthermore, since the start of the year, shares of the company has surged 29.32%. The stock is trading at a PE ratio of 22.88 and has a dividend yield of 0.69%.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

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The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

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ReleaseID: 446216

LONDON, UK / ACCESSWIRE / September 29, 2016 / Active Wall St. announces the list of stocks for today’s research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Technology sector. Companies recently under review include Intrinsyc Technologies, Computer Modelling, Electrovaya, and exactEarth. Get all of our free research reports by signing up at: http://www.activewallst.com/register/.

On Wednesday, September 28, 2016, at the end of trading session, the TSX Composite index ended the day at 14,731.43, 1.19% higher, on a total volume of 402,213,455 shares.

Additionally, the Info Tech index was up by 0.19%, ending the session at 56.96.

Active Wall St. has initiated research reports on the following equities: Intrinsyc Technologies Corporation (TSX: ITC), Computer Modelling Group Ltd. (TSX: CMG), Electrovaya Inc. (TSX: EFL), and exactEarth Ltd. (TSX: XCT). Register with us now for your free membership and research reports at: http://www.activewallst.com/register/.

Intrinsyc Technologies Corporation

On Wednesday, shares in Vancouver, Canada headquartered Intrinsyc Technologies Corp. recorded a trading volume of 25,800 shares. The stock ended the day 2.86% lower at $1.70. Intrinsyc Technologies Corp.’s stock has advanced 8.28% in the last one month and 42.86% in the previous three months. Furthermore, the stock has rallied 112.50% in the past one year. The Company is trading above its 50-day and 200-day moving averages. The stock’s 50-day moving average of $1.56 is above its 200-day moving average of $1.35. Shares of the Company, which provides solutions for the development and production of mobile, embedded, and Internet of Things devices, traded at PE ratio of 20.48. See our research report on ITC.TO at: http://www.activewallst.com/registration-3/?symbol=ITC.

Computer Modelling Group Ltd.

Calgary, Canada headquartered Computer Modelling Group Ltd.’s stock advanced 3.60%, to finish Wednesday’s session at $9.78 with a total volume of 60,875 shares traded. Over the last one month and the previous three months, Computer Modelling Group’s shares have advanced 4.71% and 1.45%, respectively. However, the Company’s stock has declined 19.24% in the past one year. The Company’s shares are trading above its 50-day moving average. Computer Modelling Group’s 200-day moving average of $9.92 is above its 50-day moving average of $9.57. Shares of the Company, which develops and licenses reservoir simulation software to oil and gas companies and consulting firms globally, traded at a PE ratio of 30.56. The complimentary research report on CMG.TO at: http://www.activewallst.com/registration-3/?symbol=CMG.

Electrovaya Inc.

Mississauga, Canada headquartered Electrovaya Inc.’s stock edged 0.88% lower, to close the day at $3.37. The stock recorded a trading volume of 92,842 shares. Shares of Electrovaya, which together with its subsidiaries, designs, develops, and manufactures batteries, battery systems, and battery-related products for the clean electric transportation, utility scale energy storage, smart grid power, consumer, and healthcare markets in Canada, Germany, Norway, and globally, have gained 7.32% in the last one month and 388.41% in the past one year. The company’s shares are trading above their 50-day and 200-day moving averages. Moreover, the stock’s 50-day moving average of $3.29 is greater than its 200-day moving average of $2.35. Register for free and access the latest research report on EFL.TO at: http://www.activewallst.com/registration-3/?symbol=EFL.

exactEarth Ltd.

Cambridge, Canada headquartered exactEarth Ltd. operates independently of COM DEV International Ltd. as of February 04, 2016. On Wednesday, shares of the company, which provides maritime vessel data for ship tracking and maritime situational awareness solutions globally, ended the session 0.70% higher at $1.43 with a total volume of 723 shares traded. exactEarth’s shares have advanced 0.70% in the last one month and 4.38% in the previous three months. The stock is trading below its 200-day moving average. The company’s 200-day moving average of $1.78 is greater than its 50-day moving average of $1.43. Get free access to your research report on XCT.TO at: http://www.activewallst.com/registration-3/?symbol=XCT.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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SOURCE: Active Wall Street

ReleaseID: 446210

LONDON, UK / ACCESSWIRE / September 29, 2016 / Active Wall St. blog coverage looks at the headline from Weatherford International PLC (NYSE: WFT). The US Securities and Exchange Commission (SEC) had announced on September 27, 2016, that Weatherford International, an oil services company which was charged with inflating its earnings by using deceptive income tax accounting, had agreed to settle the charges by paying a penalty of $ 140 million. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

Today, AWS is promoting its blog coverage on WFT. Get all of our free blog coverage and more by clicking on the link below: http://www.activewallst.com/registration-3/?symbol=WFT

The settlement

According to SEC’s two senior level executives – James Hudgins, former vice president of tax and Darryl Kitay, former tax manager – are said to have perpetrated the fraud.

Weatherford Intl. and its former accounting executives, James Hudgins and Darryl Kitay, have agreed to pay the fines without actually agreeing or denying the SEC findings that they violated antifraud provisions of federal securities laws. SEC has directed Weatherford Intl. to pay $140 million; James to pay $334,067 in disgorgement, interest, and penalty; and Darryl to pay a $30,000 penalty. Apart from these, James had been barred from serving as an officer or director of a public company for a period of five years. Additionally, James and Darryl have been suspended from practicing as accountants including suspension from participating in the financial reporting or audits of public companies for five years. At the end of the five years, both can apply for reinstatements.

The first installment of the settlement amounting to $50 million is due in October 2016 and the balance amount is to be paid in three installments of $30 million each, which are due within 120, 240, and 360 days from the date of SEC order, i.e. September 27, 2016.

Commenting on the settlement, Andrew Ceresney, Director of the SEC’s Enforcement Division said:

“Weatherford denied its investors accurate and reliable financial reporting by allowing two executives to choose their own numbers when the actual financial results fell short of what was previously disclosed to analysts and the public.”

The case

SEC had charged Weatherford Intl. of inflating its earnings by more than $900 million using deceptive income tax accounting. It also fraudulently lowered its year-end provision for income taxes by as much as $154 million on financial statements released between 2007-2012 to match projected results and expectations of analysts. James and Darryl allegedly made multiple post-closing adjustments to fill gaps and meet the company’s previously disclosed effective tax rate. Due to this, Weatherford Intl. had to repeat its financial statements three times in 2010 and 2012.

SEC feels that it was a clear case of intentional fraud and not gross negligence. The fraud helped Weatherford Intl. use the artificially inflated stock to acquire a number of companies and at the same time it gave a hefty bonus to James in 2010.

The settlement is not the end of the case as SEC stated that it will continue its investigation. Incidentally, this is not the first time Weatherford Intl. had paid a fine to the US government for violations. In 2013, Weatherford Intl.’s subsidiaries had finalized a $253 million settlement for multiple investigations by the U.S. Department of Justice, the U.S. Securities and Exchange Commission, and the U.S. Departments of Treasury and Commerce for bribery and exports control violations.

Stock Performance

Shares of Weatherford Intl. have been down since the beginning of 2016 due to low oil prices, an overall trend in energy sector. At the close of Wednesday’s session, however, the company’s shares finished at $5.47, jumping 4.99% from its previous closing price of $5.21. A total volume of 49.11 million shares exchanged hands at the end of the day, which was higher than the 3-month average volume of 15.72 million shares. The stock currently has a market cap of $4.90 billion.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com

Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 446213

LONDON, UK / ACCESSWIRE / September 29, 2016 / Active Wall St. announces the list of stocks for today’s research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Consumer Cyclical sector. Companies recently under review include Keg Royalties Income Fund, Spin Master, Whistler Blackcomb, and A&W Revenue Royalties Income Fund. Get all of our free research reports by signing up at: http://www.activewallst.com/register/.

On Wednesday, September 28, 2016, the Toronto Exchange Composite Index was up 1.19%, finishing the day at 14,731.43.

Active Wall St. has initiated research reports on the following equities: The Keg Royalties Income Fund (TSX: KEG.UN), Spin Master Corporation (TSX: TOY), Whistler Blackcomb Holdings Inc. (TSX: WB), and A&W Revenue Royalties Income Fund (TSX: AW.UN). Register with us now for your free membership and research reports at: http://www.activewallst.com/register/.

The Keg Royalties Income Fund

On Wednesday, shares in Richmond, Canada headquartered The Keg Royalties Income Fund ended the session 1.38% lower at $21.38 with a total volume of 5,290 shares traded. Shares of The Keg Royalties Income Fund, which invests in The Keg Rights Limited Partnership, which owns the trademarks, trade names, operating procedures and systems, and other intellectual property used for the operation of Keg steakhouse restaurants and bars, have gained 0.10% in the last one month and 19.87% in the previous three months. Furthermore, the stock has gained 25.64% in the past one year. The company’s share price is trading above its 50-day and 200-day moving averages. The stock’s 50-day moving average of $20.74 is greater than its 200-day moving average of $18.95. The Keg Royalties Income traded at a PE ratio of 15.40. See our research report on KEG-UN.TO at: http://www.activewallst.com/registration-3/?symbol=KEG.UN.

Spin Master Corp.

On Wednesday, shares in Toronto, Canada headquartered children’s entertainment company, Spin Master Corp., recorded a trading volume of 20,479 shares. The stock ended the day 1.61% higher at $31.00. Spin Master’s stock has gained 10.20% in the last one month and 18.32% in the previous three months. Furthermore, the stock has surged 49.40% in the past one year. The Company is trading above its 50-day and 200-day moving averages. The stock’s 50-day moving average of $29.48 is above its 200-day moving average of $26.24. Shares of the Company, which creates, designs, manufactures, and markets various toys, games, products, and entertainment properties in North America, Europe, and globally, traded at PE ratio of 62.00. The complimentary research report on TOY.TO at: http://www.activewallst.com/registration-3/?symbol=TOY.

Whistler Blackcomb Holdings Inc.

Canada based Whistler Blackcomb Holdings Inc.’s stock edged 0.24% lower, to finish Wednesday’s session at $37.30 with a total volume of 122,475 shares traded. Over the last one month and the previous three months, Whistler Blackcomb Holdings’ shares have gained 0.59% and 57.01%, respectively. Furthermore, the stock has rallied 83.92% in the past one year. The Company’s shares are trading above its 50-day and 200-day moving averages. Whistler Blackcomb Holdings’ 50-day moving average of $37.22 is above its 200-day moving average of $28.67. Shares of the Company, which operates a four season mountain resort in Canada and offers summer activities, including mountain biking, cycling golfing, hiking, fishing, swimming, canoeing, kayaking, bungee jumping white water rafting, tennis, zip trekking, in-line skating, and sailing; and winter activities, such as snowmobiling, snowshoeing, cross-country skiing, and skating. The company also provides sightseeing, hiking, glacier skiing, snowtubing, mini golf, alpine sliding, wall climbing, horseback riding, ATV tours, and a host of other activities; and non-ski season activities comprising golf, hiking, mountain biking, canoeing, rafting, kayaking, swimming, children activities, and various festivals, traded at a PE ratio of 40.94. Register for free and access the latest research report on WB.TO at: http://www.activewallst.com/registration-3/?symbol=WB.

A&W Revenue Royalties Income Fund

North Vancouver, Canada based A&W Revenue Royalties Income Fund’s stock fell 1.51%, to close the day at $35.34. The stock recorded a trading volume of 15,570 shares. Shares of A&W Revenue Royalties Income Fund, which holds investment in A&W Trade Marks, Inc., have gained 9.03% in the previous three months and 47.57% in the past one year. The company’s shares are trading above their 200-day moving average. Moreover, the stock’s 50-day moving average of $35.91 is greater than its 200-day moving average of $32.27. The Company’s shares traded at a PE ratio of 25.30. Get free access to your research report on AW-UN.TO at: http://www.activewallst.com/registration-3/?symbol=AW.UN.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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SOURCE: Active Wall Street

ReleaseID: 446209

LONDON, UK / ACCESSWIRE / September 29, 2016 / Active Wall St. announces its post-earnings coverage on NIKE, Inc. (NYSE: NKE). The company released its fiscal first quarter 2017 results on September 27th, 2016. The sportswear maker kept its positive earnings surprise trend alive for the seventeenth consecutive quarter; however declining future orders raised concerns about the athletic retailer’s growth prospects. Register with us now for your free membership at: http://www.activewallst.com/register/.

Today, AWS is promoting its earnings coverage on NKE. Get our free coverage by signing up to http://www.activewallst.com/registration-3/?symbol=NKE.

Earnings Reviewed

For the quarter ended on August 31st, 2016, Nike reported net income of $1.25 billion, or $0.73 per share, up from $1.18 billion, or $0.67 per share, a year earlier. The improvement in earnings was attributed to strong sales, reduction in total number of shares, operating overhead leverage and reduced tax rate, partially offset by a decline in gross margin and an increase in demand creation costs. Analysts had expected earnings of $0.56 per share. A resolution of a foreign tax credit matter with the Internal Revenue Service reduced Nike’s effective tax rate to 2.5%, compared to 18.4% in Q1 FY16.

For Q1 FY17 Nike generated revenue of $9.06 billion, up 8% on y-o-y basis, while it grew 10% on a currency neutral basis and exceeded the analyst expectation of revenue of $8.83 billion. The results were also slightly better than Nike’s guidance provided three months ago.

Segment Revenues

During Q1 FY17, revenues of the company’s NIKE Brand surged 10% on a currency neutral basis to $8.46 billion, driven by double-digit growth in Greater China, Western Europe, Emerging Markets, Central & Eastern Europe and Japan, including strong growth in Sportswear, Running and the Jordan Brand. Furthermore, NIKE brand’s Direct-to-Consumer (“DTC”) revenues improved 22% in Q1 FY17, driven by a 49% surge in online sales.

Furthermore, revenues from the company’s Converse brand rose 4% to $574 million in Q1 FY17 on a currency neutral basis, fueled by North American growth, partially offset by weakness in Europe and Asia/Pacific.

The Future Orders Conundrum

Futures orders for NIKE brand footwear and apparel (scheduled for delivery within the next six months) climbed 5% on y-o-y on reported and 7% on constant currency basis to $12.3 billion, compared with 9% growth for the same period a year ago. The company’s futures orders in the North American region, which comprises the lion’s share of its business increased by only 1% in Q1 FY17 compared with 14% growth in Q1 FY16.

Nike announced that based on its own evaluation and suggestions from shareholders, it will no longer provide a future order update as a stand-alone metric, with its earnings release. Nike will instead discuss the matter as part of its broader outlook in its conference call, and in its quarterly filings with the SEC.

The Future Order metric has been one of the most important gauge after revenue and net income for Nike’s investors to understand the health of its business. Under this program Nike allows retailers to purchase in advance at fixed prices, with a discount, in return Nike gets cash and an eye on sales in the near future. The program was created by Nike founder Phil Knight in the company’s early days to generate cash in advance. Nike stated that the metric longer provides the complete picture of company’s future business. Nike has significantly increased its own retail stores and the company also sells to consumers directly over the internet through its own website and app.

Costs & Margins

For Q1 FY17, Nike reported that gross profit improved about 3% to $4.12 billion; however gross margin shrank 200 basis points (bps) to 45.5%. The company attributed the decline in gross margin to several temporary or discrete items, including, foreign exchange impacts, and its exit from the Golf equipment business, a higher mix of off-price sales as compared to Q1 FY16, and a shift of expenses from Operating Overhead to Cost of Goods Sold.

Balance Sheet & Shareholder-Friendly Moves

As of August 31st, 2016 NIKE had cash and short-term investments of $4.79 billion, down 18% million compared to last year. The company’s long-term debt amounted to $1.99 billion, up 86% compared to $1.07 billion at the end of Q1 FY16. Inventories as of August 31, 2016, grew 11% to $4.90 million. Demand creation expense was $1.0 billion, up 25%, reflecting investments in key sports events.

During Q1 FY17, NIKE repurchased 19 million shares for $1.1 billion under its $12 billion program that was approved in November 2015 and extends for a four-year term. As of August 31, 2016, Nike had bought back a total of 39.0 million shares under this program for approximately $2.2 billion.

Outlook

Nike reiterated its FY17 revenue projections, and expects the same to grow at a high single-digit rate. However, the company now expects gross margin for FY17 to contract, against its previous forecast of expansion in a range of 30–50 bps.

For Q2 FY17, Nike anticipates revenue growth in the mid-single-digit range or little below its reported future order growth rate. Gross margin is forecasted to drop by approximately 125 bps, primarily due to the same factors that impacted gross margin in Q1 FY17.

Stock Performance

NIKE’s stock is trading down by 3.78% from its previous close of $55.34, closing Wednesday’s session at $53.25. At the end of the day, the stock saw a total volume of 32.66 million shares, which was above its 3-month average volume of 9.20 million shares. The company’s shares are trading a PE ratio of 24.68 and have a dividend yield of 1.20%.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 446211

LONDON, UK / ACCESSWIRE / September 29, 2016 / Active Wall St. announces the list of stocks for today’s research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Financial Services sector. Companies recently under review include Alaris Royalty, Canaccord Genuity, Element Financial, and Sprott. Get all of our free research reports by signing up at: http://www.activewallst.com/register/.

On Wednesday, September 28, 2016, at the end of trading session, the TSX Composite index ended the day at 14,731.43, 1.19% higher, on a total volume of 402,213,455 shares.

Additionally, the Financials index was up by 0.72%, ending the session at 255.68.

Active Wall St. has initiated research reports on the following equities: Alaris Royalty Corporation (TSX: AD), Canaccord Genuity Group Inc. (TSX: CF), Element Financial Corporation (TSX: EFN), and Sprott Inc. (TSX: SII). Register with us now for your free membership and research reports at: http://www.activewallst.com/register/.

Alaris Royalty Corp.

Calgary, Canada based private equity firm, Alaris Royalty Corp.’s stock advanced 1.57%, to close the day at $22.35. The stock recorded a trading volume of 73,680 shares. Alaris Royalty’s shares have declined 1.78% in the last one month. Shares of the company, which specializes in management buyouts, growth capital, middle market, and mature investments, are trading below their 50-day and 200-day moving averages. Moreover, the stock’s 200-day moving average of $27.26 is greater than its 50-day moving average of $22.87. The Company’s shares traded at a PE ratio of 14.81. See our research report on AD.TO at: http://www.activewallst.com/registration-3/?symbol=AD.

Canaccord Genuity Group Inc.

On Wednesday, shares in Vancouver, Canada headquartered independent and full-service financial services company, Canaccord Genuity Group Inc., ended the session 1.24% lower at $4.77 with a total volume of 124,478 shares traded. Shares of Canaccord Genuity Group, which provides investment solutions, and brokerage and investment banking services to individual, institutional, corporate, and government clients, have advanced 7.43% in the last one month and 0.85% in the previous three months. The stock is trading above its 50-day and 200-day moving averages. The company’s 50-day moving average of $4.48 is greater than its 200-day moving average of $4.38. The complimentary research report on CF.TO at: http://www.activewallst.com/registration-3/?symbol=CF.

Element Financial Corporation

On Wednesday, shares in Toronto, Canada headquartered independent financial services company, Element Financial Corp., recorded a trading volume of 2.49 million shares, which was higher than their three months average volume of 1.46 million shares. The stock ended the day 2.66% higher at $16.43. Element Financial’s stock has gained 20.68% in the last one month and 21.21% in the previous three months. The Company is trading above its 50-day and 200-day moving averages. The stock’s 200-day moving average of $14.40 is above its 50-day moving average of $14.18. Shares of the Company, which originates, co-invests in, and manages asset based financings and related service programs in Canada and the US, traded at PE ratio of 23.08. Register for free and access the latest research report on EFN.TO at: http://www.activewallst.com/registration-3/?symbol=EFN.

Sprott Inc.

Toronto, Canada based Sprott Inc.’s stock edged 0.43% lower, to finish Wednesday’s session at $2.31 with a total volume of 74,979 shares traded. Over the last one month and the previous three months, shares of Sprott, which through its subsidiaries, provides asset management, portfolio management, wealth management, fund management, and administrative and consulting services to its clients, have advanced 2.67% in the past one year. The Company’s shares are trading below its 50-day and 200-day moving averages. Sprott’s 200-day moving average of $2.52 is above its 50-day moving average of $2.44. Get free access to your research report on SII.TO at: http://www.activewallst.com/registration-3/?symbol=SII.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 446207

LONDON, UK / ACCESSWIRE / September 29, 2016 / Active Wall St. announces its post-earnings coverage on IHS Markit Ltd (NASDAQ: INFO). The company reported its financial results for the third quarter fiscal 2016 (Q3 FY16) on September 27, 2016. The London-based company recorded a 30% y-o-y growth in its revenue with adjusted EPS growth of 10% y-o-y in the reported period. Register with us now for your free membership at: http://www.activewallst.com/register/.

Today, AWS is promoting its earnings coverage on INFO. Get our free coverage by signing up to http://www.activewallst.com/registration-3/?symbol=INFO.

Earnings Reviewed

During the three months ended on August 31, 2016, IHS Markit reported revenue of $724.6 million compared to $557.9 million recorded at the end of Q3 FY15. The market had expected the company to report total revenue of $727.5 million. In Q3 FY16, the company’s total organic revenue declined 1% y-o-y as normalized for Boiler Pressure Vessel Code or BPVC timing. Acquisition provided for a 35% y-o-y growth in revenues, partially offset by a 2% headwind in foreign exchange conversion.

The market information provider reported net income attributable to IHS Markit of $31.7 million, or $0.09 loss per diluted share, in Q3 FY16 compared to net income attributable to IHS Markit of $59.1 million, or $0.24 per diluted share, in Q3 FY15. The reported quarter loss was primarily attributable to acquisition related costs amounting to $105 million, consisting of deal-related fees together with stock-based compensation.

Adjusted net income surged to $158.6 million, or $0.45 per diluted share, in Q3 FY16 from $101.3 million, or $0.41 per diluted share. Adjusted net income numbers for FY16 beat market expectation of $0.44 per diluted share.

In the reported quarter, IHS Markit’s adjusted EBITDA came in at $269.0 million, a surge of 50% from the previous year’s adjusted EBITDA of $179.6 million. The company’s adjusted EBITDA margins also improved from 32.2% in Q3 FY15 to 37.1% in Q3 FY16. The core IHS expansion provided for 380 basis points growth; while 110 basis points growth was due to inclusion of Markit’s stub period results.

Segment-Wise

The company’s Resources segment revenues fell 3% y-o-y in Q3 FY16 to $210.4 million. However, the segment reported that adjusted EBITDA increased by 4% y-o-y to $94.4 million. The company attributed the growth in adjusted EBITDA to the segment’s cost reductions program over the last one year and alignment of resources to the current business opportunities.

The Transportation segment revenues grew by 17% to $227.1 million in Q3 FY16. Further, the segment’s Q3 FY16 adjusted EBITDA surged 22% y-o-y, to $88.6 million, primarily on improved margin flow-through due to high revenue growth.

IHS Markit’s Consolidated Markets & Solutions segment reported an 11% y-o-y decline in revenue, to $130.2 million in Q3 FY17. Meanwhile, segment adjusted EBITDA during Q3 FY16 grew 14% y-o-y, to $33.3 million, primarily due to the ongoing cost reduction efforts.

The Financial Services segment’s revenues came in at $156.9 million in Q3 FY16 with adjusted EBITDA for Financial Services at $65.0 million on adjusted EBITDA margin of 41.4%.

Cash Flow & Balance Sheet

During Q3 FY16, IHS Markit’s cash flow from operation declined 10% y-o-y to $146.6 million from $162.4 million in the previous year comparable quarter. At the close of books on August 31, 2016, IHS Markit had $200.7 million in cash and cash equivalents compared to $291.6 million at the close of books on November 30, 2015.

The company’s long-term debt increased to $3.14 billion as on August 31, 2016 from $2.07 billion as on November 30, 2015. Furthermore, the company reported gross leverage ratio of 2.5 times and net leverage ratio of 2.3 times for the quarter ended August 31, 2016.

Stock Repurchase

In Q3 FY16, the company bought back 4.5 million shares worth $157 million at an average per cost of $35.06. The Board of Directors has recently authorized an additional $1.5 billion share repurchase program, which will be used to return capital to the investors through fiscal 2017.

Earnings Guidance

In its guidance for full year FY16, IHS Markit expects revenue to be in the range of $2.74 billion to $2.77 billion. For the year ending November 30, 2016, the company’s management forecasts adjusted EBITDA to be in the range of $975 million to $995 million. Furthermore, adjusted EPS for FY16 is anticipated to lie between $1.72 per diluted share and $1.78 per diluted share.

Stock Performance

On Wednesday, the stock closed the trading session at $36.78, jumping 3.20% from its previous closing price of $35.64. A total volume of 3.66 million shares have exchanged hands, which was higher than the 3-month average volume of 1.94 million shares. Cintas’ stock price advanced 13.94% in the last three months, 4.05% in the past six months, and 29.32% in the previous twelve months. Furthermore, since the start of the year, shares of the company has gained 21.91%. Shares of the company have a PE ratio of 56.24.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com

Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 446204

LONDON, UK / ACCESSWIRE / September 29, 2016 / Active Wall St. announces the list of stocks for today’s research reports. Pre-market the Active Wall St. team provides the technical coverage impacting selected stocks trading on the Toronto Exchange and belonging under the Metals & Mining industry. Companies recently under review include Endeavour Mining, Midas Gold, Banro, and Vista Gold. Get all of our free research reports by signing up at: http://www.activewallst.com/register/.

At the closing bell on Wednesday, September 28, 2016, the Toronto Exchange Composite index edged 1.19% higher to finish the trading session at 14,731.43 on a total volume of 402,213,455 shares exchanging hands for the day.

Active Wall St. has initiated research reports on the following equities: Endeavour Mining Corporation (TSX: EDV), Midas Gold Corporation (TSX: MAX), Banro Corporation (TSX: BAA), and Vista Gold Corporation (TSX: VGZ). Register with us now for your free membership and research reports at: http://www.activewallst.com/register/.

Endeavour Mining Corporation

Paris, France based Endeavour Mining Corp.’s stock advanced 1.87%, to finish Wednesday’s session at $25.59 with a total volume of 283,377 shares traded. Over the last one month and the previous three months, Endeavour Mining’s shares have gained 20.31% and 17.39%, respectively. Furthermore, the stock has rallied 365.27% in the past one year. Shares of the Company, which operates as an intermediate gold producer in West Africa and owns interests in five gold mines located in Côte d’Ivoire, Mali, Ghana, and Burkina Faso, are trading above its 50-day and 200-day moving averages. Endeavour Mining’s 50-day moving average of $23.09 is above its 200-day moving average of $19.36. See our research report on EDV.TO at: http://www.activewallst.com/registration-3/?symbol=EDV.

Midas Gold Corp.

Vancouver, Canada headquartered Midas Gold Corp.’s stock advanced 1.12%, to close the day at $0.90. The stock recorded a trading volume of 91,729 shares. Shares of Midas Gold, which engages in the acquisition, exploration, and development of mineral properties in the US, have surged 12.50% in the past three months and 200.00% in the last one year. However, the stock has fallen by 1.10% in the previous one month. The company’s shares are trading above their 200-day moving average. Moreover, the stock’s 50-day moving average of $0.96 is greater than its 200-day moving average of $0.80. The complimentary research report on MAX.TO at: http://www.activewallst.com/registration-3/?symbol=MAX.

Banro Corporation

On Wednesday, shares in Toronto, Canada headquartered Banro Corp. ended the session flat at $0.42 with a total volume of 19,859 shares traded. Shares of Banro, which together with its subsidiaries, engages in the exploration, development, and production of mineral properties, have gained 7.69% in the past three months and 90.91% in the previous one year. The stock is trading below its 50-day and 200-day moving averages. The company’s 50-day moving average of $0.45 is greater than its 200-day moving average of $0.43. Register for free and access the latest research report on BAA.TO at: http://www.activewallst.com/registration-3/?symbol=BAA.

Vista Gold Corp.

On Wednesday, shares in Littleton, Colorado based Vista Gold Corp. recorded a trading volume of 37,175 shares. The stock ended the day 0.74% lower at $1.34. Vista Gold’s stock has gained 1.52% in the last one month and 235.00% in the previous one year. Shares of the Company, which focuses on the evaluation, acquisition, exploration, and advancement of gold exploration and potential development projects principally in Australia and North America, are trading above its 200-day moving average. The stock’s 50-day moving average of $1.36 is above its 200-day moving average of $1.30. Get free access to your research report on VGZ.TO at: http://www.activewallst.com/registration-3/?symbol=VGZ.

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