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TSX:ALTA 16 December 2025

Fortescue Ltd (ASX: FMG) Stock in Focus on 16 December 2025: Alta Copper Deal, Share Price Drivers, Analyst Forecasts and What’s Next

Fortescue Ltd (ASX: FMG) Stock in Focus on 16 December 2025: Alta Copper Deal, Share Price Drivers, Analyst Forecasts and What’s Next

Fortescue Ltd agreed to buy the remaining 64% of Alta Copper Corp for C$1.40 per share, valuing Alta at about C$139 million. The deal gives Fortescue full control of the Cañariaco copper project in Peru. Fortescue shares fell 0.8% in early trading on December 16, 2025, after the announcement. The transaction is expected to close in the March quarter of 2026, pending approvals.

Stock Market Today

  • 3 Reasons to Sell Monro (MNRO) Now and a Better Stock to Buy
    May 3, 2026, 11:39 AM EDT. Monro (MNRO) has delivered a 17.4% return in six months, surpassing the S&P 500 by 13.3%. However, its stock price at $17.67 reflects optimism already priced in. Store closures (5.7% annual decline) signal reduced brick-and-mortar demand. Shrinking same-store sales (1.3% annual decline) point to waning organic growth, while earnings per share (EPS) dropped 30.4% annually over three years, indicating profitability pressures. Analysts recommend caution as these trends pose downside risks. Instead, investors might consider a fast-growing restaurant franchise with strong momentum and fundamentals. For those seeking momentum stocks showing elite fundamentals and positive near-term momentum, other opportunities could offer better growth potential.

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Cameco Corporation Earnings Countdown: The Uranium Stock Test Investors Are Watching

Cameco Corporation Earnings Countdown: The Uranium Stock Test Investors Are Watching

3 May 2026
Cameco shares closed lower Friday, with NYSE-listed CCJ at $120.60 and TSX-listed CCO at C$163.66. The uranium supplier reports first-quarter results before markets open May 5, followed by an executive call at 8 a.m. Eastern. Investors are watching uranium prices, delivery timing, and Cameco’s 49% stake in Westinghouse. The company’s annual meeting is set for May 7.
Everspin Stock Jumps After $40 Million Defense MRAM Deal — Why Investors Are Watching Now

Everspin Stock Jumps After $40 Million Defense MRAM Deal — Why Investors Are Watching Now

3 May 2026
Everspin Technologies shares jumped $3.19 to $21.49 after announcing a $40 million U.S. defense MRAM subcontract with Amentum Services, set to run through November 2028. First-quarter revenue rose to $14.9 million, with MRAM product sales at $14.1 million. The company posted a GAAP net loss of $0.3 million. Second-quarter revenue is forecast at $15.5 million to $16.5 million.
Why ON Semiconductor’s $103 Stock Faces a Hard Earnings Test on Monday

Why ON Semiconductor’s $103 Stock Faces a Hard Earnings Test on Monday

3 May 2026
ON Semiconductor will report first-quarter earnings after markets close Monday, with analysts expecting 61 cents per share on $1.49 billion in revenue. Shares closed at $103.03 Friday, up 2.2%, far above the average analyst target of $67.15. Investors are focused on signs of recovery in auto and industrial chip demand. The company’s market value stands at about $42 billion.
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