Puma takeover at EUR 27.50? D-Wave wants a share of the government's billion-euro pot! Analysts believe Power Metallic Mines shares could rise 200%!

Power Metallic Mines: 150% price potential

Sometimes the stock market is not rational. An example: While a company is exploring a suspected nickel deposit, it encounters a significantly more valuable multi-metal deposit containing copper, platinum, palladium, cobalt, gold, and silver. Investors celebrate and drive the share price up to around CAD 2 in February 2025. In the following months, the Company reports further positive drilling results and significantly expands the area. However, the share price falls back below CAD 1 by December 2025, even though precious metals and critical raw materials are booming on the stock market. This describes the development surrounding Power Metallic Mines in 2025.

This currently presents an attractive entry opportunity for investors. Roth Capital Partners sees the fair value of Power Metallic Mines' stock at CAD 3, which is around 200% above the current price.

On Tuesday, the Company reported in detail on the summer drill program at the Nisk project in Québec, Canada, and at the same time provided an outlook on the next exploration steps. The work focused on expanding and more precisely defining the high-grade Lion Zone in order to lay the foundation for a future resource estimate at the "indicated" level. Several drill holes encountered thick and high-grade zones with 14.34% and even up to 27.92% copper equivalent (CuEq). These hits extend the high-grade deposits at depth and confirm the previous model of the zone. Moderately mineralized sections were intersected in the Nisk East area, and with the recent area expansions to the west, Power Metallic intends to systematically pursue the geological continuation towards Lion and Lion West. Drilling permits have now been obtained for the newly acquired "Hydro Lands," which are interpreted as a folded extension of the Nisk-Lion system.

A second focus is the Lion-Tiger Deep target between the Lion and Tiger zones. Geological findings indicate that massive Ni-Cu sulfides are present at Tiger as "rip-up" blocks and originate from a deeper, larger system. Drilling and subsequent measurements (BHEM) have identified several off-hole conductors that indicate larger, as yet undiscovered bodies. Power Metallic is currently preparing to deploy heavier land drilling equipment for deep drilling starting in 2026, plans to continue testing Tiger Deep and the Hydro Lands before Christmas, and considers itself well-funded for the 2025/26 work programs.

It is therefore difficult to understand why the share price has fallen below CAD 1. A catalyst such as the planned listing on the NYSE is needed, which should further increase visibility among commodity-oriented investors.

Puma: Takeover bid at EUR 27.50?

Is the jump in Puma's share price already over? Driven by takeover speculation, the German sporting goods icon's stock rose from below EUR 16 to over EUR 20 within a few days. The news agency Bloomberg reported that Chinese companies Anta Sports and Li Ning, as well as Japan's Asics, might be interested in a takeover.

In recent days, the share price has calmed down, and analysts have pulled the plug on the rally. RBC reduced its target price for Puma shares from EUR 18 to EUR 17. The recommendation remained at "Sector Perform." The withdrawal from the US joint venture United Legwear is viewed negatively. United Legwear & Apparel is a manufacturer of socks, legwear, bodywear, sportswear, and accessories based in New York, which works as a licensing and production partner for numerous major fashion brands. Puma had terminated the "Puma United" joint venture and limited the collaboration to a licensing model. This reduces the risks, but also the opportunities.

DZ Bank has commented more specifically on the takeover rumors. From the analysts' point of view, Anta Sports is indeed a serious potential buyer. A possible purchase price of EUR 27.50 has been mentioned. However, the probability of a takeover of Puma is still "only" 30%. Therefore, analysts continue to view Puma shares as a "Hold" position. The target price has been raised from EUR 16.50 to EUR 19.80.

D-Wave: Focus on government business

D-Wave Quantum is one of the high flyers of the year. Since the beginning of December 2024, the share price has risen by around 600% and is currently trading at EUR 18.70. In October, however, it was already above EUR 40. The security is therefore not for the faint-hearted. The price is driven by future expectations surrounding the possibilities of quantum computing.

To further increase revenue, D-Wave is now pushing harder into the government sector. It has established a separate business unit to promote the use of its quantum computers in government agencies and the armed forces. The aim is to intensify marketing efforts toward US government agencies. When developing specific applications, the Company aims to ensure that its products and services meet the strict security and compliance requirements of government agencies. This move comes against the backdrop of growing demand for quantum applications in the US armed forces. D-Wave announced that leading representatives of the Department of War and senior technology officials from the Army and Navy are pushing for the expansion of quantum-based solutions for logistics, transportation, and other complex deployment scenarios.

To take advantage of these opportunities, D-Wave is focusing on concrete infrastructure in addition to the new structure. The latest quantum system, Advantage2, is already in operation at technology partner Davidson Technologies in Alabama, where it will initially address mission-critical government issues and, in the future, also take on sensitive applications. CEO Alan Baratz believes this puts the Company in a unique position to support national security, defense, and infrastructure tasks with quantum solutions that can be used today.

If D-Wave succeeds in landing one or more government contracts, the stock could quickly return to its previous highs. Power Metallic Mines shares, by contrast, would have to rise 100% to return to their high from the beginning of the year. Analysts remain significantly more optimistic about the Company, and this year’s operational performance would indeed support a strong rally. At Puma, meanwhile, only a concrete takeover offer currently appears capable of lifting the share price.