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Research Reports / Archive

Research Report ArchivePage 5 of 8

Every research report FRC has published since 2003 — initiating coverage, updates and valuation notes on small- and mid-cap companies. Recent reports are on the Research Reports page.

  • Q3 Revenue up 161% QoQ and Beats Expectations — Kidoz Inc. (2020)
  • Vertically Integrated U.S. Cannabis Company to Tap into Growth Opportunities in Europe – Introductory Note — Kaya Holdings, Inc. (2020)
  • Regrouping After Centerra Terminates Option — Mammoth Resources Corp. (2020)
  • Updated PEA Demonstrates Scalability and Flexibility — GMV Minerals Inc. (2020)
  • Triples Dividend / Q3 Production Beat Expectations — GCM Mining Corp. (2020)
  • Diversifies Exposure to Battery Metals with Nickel-Cobalt-Copper Assets in Nevada - FINAL REPORT — Global Energy Metals Corporation (2020)
  • Strong Q3 from Higher Production and Gold Prices — NEM (2020)
  • Strong Q3 from Higher Production and Gold Prices — Barrick Mining Corporation (2020)
  • Q3 Beat Expectations; Interest Collections In Line With Historical Rates — Atrium Mortgage Investment Corporation (2020)
  • Robust PEA on an Open-Pit Gold Project on the Nevada-Utah Border - Initiating Coverage — Gold Springs Resource Corp. (2020)
  • Robust PEA on an Open-Pit Gold Project on the Nevada-Utah Border - Initiating Coverage — GRC (2020)
  • Robust PEA on an Open-Pit Gold Project on the Nevada-Utah Border - Initiating Coverage — GRC (2020)
  • FY2020 EPS Missed Our Estimate by 0.04% — Apple Inc. (2020)
  • Q1 Revenue Inline, but EPS Beat Our Expectations — Microsoft Corporation (2020)
  • Q2 Revenue up 25% QoQ; Sale from harvest expected in Q1 2021 — Agra Ventures Ltd. (2020)
  • Wheaton Precious Funded Copper-Gold Junior in Peru with Hudbay as the Largest Shareholder - Initiating Coverage — PIMCO Municipal Income Fund II (2020)
  • Wheaton Precious Funded Copper-Gold Junior in Peru with Hudbay as the Largest Shareholder - Initiating Coverage — Panoro Minerals Ltd. (2020)
  • Nickel Sulphide Deposit in Ontario / Trading at 10% of Historic NPV Estimate - Initiating Coverage — Tartisan Nickel Corp. (2020)
  • Aiming to be the First Lithium Producer from Petro-Brine – Initiating Coverage — E3 Lithium Limited (2020)
  • High-Grade Values from Preliminary Exploration Across Multiple Properties – Initiating Coverage — Falcon Gold Corp. (2020)
  • Low CAPEX Gold Project in Mali with Funding Commitment - Introductory Note — Cora Gold (2020)
  • Promising Pilot Test Results — RecycLiCo Battery Materials Inc. (2020)
  • Operating Profit in the First Quarter of Production – Initiating Coverage — Steppe Gold Ltd. (2020)
  • Gaming Tech Company Trading at a 98% EV/Revenue Discount to DraftKings — Newgioco Group, Inc. (2020)
  • Tesla Brings Focus to the Area; Operating in an Area Ripe for Consolidation – Initiating Coverage — Noram Lithium Corp. (2020)
  • JV with Barrick and Two Gold Projects with Resources in the DRC – Introductory Report — Loncor Gold Inc. (2020)
  • 2020 Drilling Returned High-Grade Gold Values and Mineralization over Long Intercepts - FINAL REPORT — Laurion Mineral Exploration Inc. (2020)
  • Q3 Earnings Surge Sequentially on Lower PCLs — Bank of Montreal (2020)
  • Q3 Earnings Surge Sequentially on Lower PCLs - Initiating coverage on Canadian Banks — CM.TO (2020)
  • Q3 Earnings Surge Sequentially on Lower PCLs - Initiating coverage on Canadian Banks — Royal Bank of Canada (2020)
  • Q3 Earnings Surge Sequentially on Lower PCLs - Initiating coverage on Canadian Banks — TD.TO (2020)
  • Q3 Earnings Surge Sequentially on Lower PCLs — BMO (2020)
  • Q3 Earnings Surge Sequentially on Lower PCLs — BNS (2020)
  • Commencing Dividends / Raising 2020 EPS Estimate — GCM Mining Corp. (2020)
  • System-Wide Retail Sales Surpass $20M in Q2 — Inner Spirit Holdings (2020)
  • Q2 EBITDA up 50% YoY Despite a 35% YoY Decline in Production — Golconda Gold Ltd. (2020)
  • Q2 Beat Expectations / COVID-19 Had Minimal Impact on Existing Portfolio in Q2 — AI.TO (2020)
  • Q2 Beat Expectations / COVID-19 Had Minimal Impact on Existing Portfolio in Q2 — Atrium Mortgage Investment Corporation (2020)
  • Largest Gold Ore Processing Company by Capacity in Peru – Initiating Coverage — Inca One Gold Corp. (2020)
  • Q2 Revenue Impacted by COVID-19; Long-term Fundamentals Remain Intact — Kidoz Inc. (2020)
  • Advancing a Low Cost Uranium Project to Production in the U.S. - Initiating Coverage — AZZ Inc. (2020)
  • Q1-2020 Revenue Negatively Impacted by COVID-19; Key Developments in Place – Resuming Coverage — Kontrol Technologies Corp. (2020)
  • Q1-2020 Revenue Negatively Impacted by COVID-19; Key Developments in Place – Resuming Coverage — KNRLF (2020)
  • Robust Product Sales Amid Work From Home Trend Drive Q3 Earnings; Downgrading — Apple Inc. (2020)
  • Two Gold Mines in Africa / Trading at Attractive Multiples - Initiating Coverage — Golconda Gold Ltd. (2020)
  • Senior Gold Producers Riding High on Surging Gold Prices: Initiating Coverage on Newmont / Barrick / AngloGold — Barrick Mining Corporation (2020)
  • Senior Gold Producers Riding High on Surging Gold Prices: Initiating Coverage on Newmont / Barrick / AngloGold — NEM (2020)
  • Attractive Lithium Resource Close to the Only Lithium Producer in the U.S. – Introductory Note — Noram Lithium Corp. (2020)
  • Gaining Full Control of its Flagship Asset — Southern Silver Exploration Corp. (2020)
  • Robust PFS / Preparing Product Samples for Potential Off-takers — Lake Resources NL (2020)
  • Two Open-Pittable Gold Resources Next to Majors in Quebec - Initiating Coverage — Renforth Resources Inc. (2020)
  • Early Stage Gold Asset Close to Fresnillo’s Mines — Colibri Resource Corporation (2020)
  • Expanding into Michigan’s Emerging Cannabis Market – Initiating Coverage — VictoryShares International Free Cash Flow Growth ETF (2020)
  • Catalysts Expected From Multiple Uranium Projects — Skyharbour Resources Ltd. (2020)
  • Nominal Loan Originations in Q1-2020 – FINAL REPORT — Marble Financial Inc. (2020)
  • High Grade Results from a Maiden Drill Program - Introductory Note — Falcon Gold Corp. (2020)
  • Robust Updated PEA Improves Chances for M&A — Lumina Gold Corp. (2020)
  • Rapid headway in cloud services and stable commercial business helping tech giant navigate through difficult times – Initiating Coverage — Microsoft Corporation (2020)
  • Q1-2020 Revenue up 734% YoY and 522% QoQ — Indiva Limited (2020)
  • Portfolio Hits $200M / Stabilizing Vancouver Market to Boost Originations in 2020 — Capital Direct 1 Income Trust (2020)
  • Establishing Cannabis Operations and Building Residential Communities – Initiating Coverage — Quanta Services, Inc. (2020)
  • Q1-2020 Inline – Userbase Continues to Grow — Kidoz Inc. (2020)
  • Largest Gold Ore Processing Company by Capacity in Peru - Introductory Note — Inca One Gold Corp. (2020)
  • Pivoting Towards Personal Finance and Credit Wellness Technology — Marble Financial Inc. (2020)
  • Maiden Inferred Resource of 1.5 Moz Gold Equivalent in Argentina / Tight Cash Position — MFS Municipal Income Trust (2020)
  • Maiden Inferred Resource of 1.5 Moz Gold Equivalent in Argentina / Tight Cash Position — MFM (2020)
  • Minimally Impacted by COVID-19 — GCM Mining Corp. (2020)
  • Foundation Set for Expansion into Ontario’s Cannabis Market — Inner Spirit Holdings (2020)
  • Collects 98.4% of Interest Payments in April 2020 — Timbercreek Financial Corp. (2020)
  • 2019 Revenue Exceeded Expectations by 16% — Kidoz Inc. (2020)
  • Record Results in 2019 / Strong Balance Sheet to Get Through COVID-19 — GCM Mining Corp. (2020)
  • 2019 Dividend Equals Expectations / Lowering 2020 Dividend Estimate due to COVID-19 — Timbercreek Financial Corp. (2020)
  • Fast tracking High-Grade Copper Projects in Manitoba to Production - Initiating Coverage — Rosecliff Acquisition Corp I (2020)
  • Completes PFS / Advancing to Pilot Operations — South Star Battery Metals Corp. (2020)
  • Educational and Rental Revenues Continuing to Grow Organically — Medbright Ai Invts Inc. (2020)
  • Targeting a Yield of 8.95% p.a. in 2020 — CMI MIC Funds (2020)
  • Preparing a Maiden Resource Estimate on the Refractory Zone — Lomiko Metals Inc. (2020)
  • Advancing Columba Silver Project to a Maiden Resource Estimate — Credit-Enhanced Corts Trust Aon (2020)
  • Low CAPEX Nickel-Copper-Palladium Project in Manitoba and Palladium Exploration in Ontario - Initiating Coverage — Grid Metals Corp. (2020)
  • Junior Resource Company Building a Fully Integrated Pharmaceutical Company - Initiating Coverage — Voyageur Pharmaceuticals Ltd. (2020)
  • Commences Yamana Funded Drill Program / Expanding Portfolio Across Latin America — Latin Metals Inc. (2019)
  • Key Developments Across Product Lines — Better Plant Sciences Inc. (2019)
  • Reports Record Revenues and Net Income in FY2019 — Antrim Investments Ltd. (2019)
  • Latin American Cannabis Producer with a Flexible Cultivation Footprint and Low Production Costs – Initiating Coverage — Blueberries Medical Corp. (2019)
  • Significant Drop in Q2 Revenues / Q3 Revenues Poised to — Siyata Mobile Inc. (2019)
  • PEA on PGM Asset Shows ATNPV at 5% of $139M — New Age Metals Inc. (2019)
  • YTD Gold Production Up 30% as of Mid Q3 — Inception Mining, Inc. (2019)
  • Significant Operational Progress — Better Plant Sciences Inc. (2019)
  • Well Positioned to Capture a Piece of the Growing Kids’ Digital Ad Market — Kidoz Inc. (2019)
  • New Records in Q2 / Raising Dividend Forecasts — Atrium Mortgage Investment Corporation (2019)
  • Low Cost Zinc-Lead-Silver Project with Near- Term Cash Flow Potential - Initiating Coverage — Arizona Gold & Silver Inc. (2019)
  • Blooming Skincare and Therapeutics Company Links Cannabis and Wellness – Initiating Report — Better Plant Sciences Inc. (2019)
  • Updated Resource Expands Silver Equivalent Ounces by 30% — Southern Silver Exploration Corp. (2019)
  • Q1-2019 Revenues Up 18x QoQ Post-Acquisition — Kidoz Inc. (2019)
  • Revenue Growth Returns, U.S. UV350 Sales Imminent — Grupo Simec, S.A.B. de C.V. (2019)
  • Portfolio Surpasses $700M / Sets New Records in Q1-2019 — Atrium Mortgage Investment Corporation (2019)
  • Washing Their Hands Clean of Weak 3G Sales, Moving Forward with Flagship Product Launch — Siyata Mobile Inc. (2019)
  • New Products Help Solidify Top Ranking, Explosive Revenue Growth Beats Forecast — ePlus inc. (2019)
  • Maiden Resource at Clavo Rico / 2018 Revenues up 9% YoY — Inception Mining, Inc. (2019)
  • Well Funded Gold Junior / 17% Owned by Agnico - Reinitiating Coverage — Cartier Resources Inc. (2019)
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