Home security firm ADT Inc said on Monday an unauthorized actor had illegally accessed its network using credentials obtained through a third-party business partner.
Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) has announced the appointment of Mick Bardella to its board as a non-executive director. Bardella has previously worked as Rio Tinto PLC's global assurance lead, Xstrata's head audit partner and advised a host of mining companies whilst at Ernst & Young.
A site trip to Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) Vares mine has reassured about the potential of potential of this tier 1 asset, said broker RBC, though it has reduced its price target to 300p from 310p. FTSE 250 member Adriatic has had a difficult year marked with delays, legal issues and management changes, notes RBC, but the trip to Vares highlighted the progress made to date by the miner.
I give a buy rating for ADT Inc. due to its leading position and strong partnerships in the growing U.S. home security market. ADT benefits from a large total addressable market, with significant growth potential as many households still lack security solutions. Key partnerships with Google and State Farm enhance distribution capabilities, driving higher ARPU and customer retention.
Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) ‘highly-anticipated operations update for its Vares silver operation sent its share price up 9% to 186p today. Broker Stifel noted the update indicated a significant increase in tonnes mined during August and September as the first stope was brought into production, notes Stifel “Encouragingly, commercial production is still expected to be reached in the fourth quarter, which we consider to be the most important upcoming milestone, and guidance for 2025 mine production of 750,000-800,000t remains unchanged,” said the broker.
Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) achieved record production in August from the Vares project in Boznia & Herzegovenia as the first stope came on stream. Ore produced at the Rupice mine at Vares amounted to 25,514t, compared to 9,513t in the first six months of 2024 with mined grades higher than expected.
Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) said it expects to hit nameplate production in the fourth quarter at the Vares Silver Operation in Bosnia after successfully achieving key landmarks earlier this year, including the first concentrate sale in late May. The update was provided alongside interim results, which provided a full assessment of the progress made in the first six months of the year, including the move to owner-operator of the mine.
ADT confirmed this week that it was recently hacked, compromising some customer data.
ADT provides security, interactive, and smart home solutions to consumers and small business customers in the United States. Positive free cash flow, and business growth suggest ADT stock is undervalued, with discounted cash flow model implying higher valuation. I assumed that the company will most likely benefit from the fast-growing do-it-yourself market, which we saw in the last quarter.
Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) has announced that its chief executive, Paul Cronin, has tendered his resignation and will step down at the end of the week. Cronin is to relocate to Australia and the company noted that the decision was made for family reasons.
ADT (ADT) came out with quarterly earnings of $0.17 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.16 per share a year ago.
Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) said the ramp-up of production at the Vares silver mine in Bosnia & Herzegovenia is on track with nameplate production expected in 2024. Underground development Improved by 31% while 257 dry metric tonnes (dmt) of silver-lead concentrate and 128 dmt of zinc concentrate were produced in the second quarter.