Are Adidas shares a buy now? The CEO has certainly taken advantage of the recent price decline, purchasing shares after the company extended his contract ahead of schedule. The company is noticeably cautious in its outlook for 2026, despite the upcoming Football World Cup. As a result, analysts are lowering their estimates and price targets. Meanwhile, an interesting buying opportunity currently appears to be emerging at Silver North Resources. The price of silver has stabilized in the range of USD 80 to USD 90 per ounce, more than 100% higher than a year ago, providing an excellent basis for silver producers and explorers. Following strong drilling results last year, the company has set ambitious targets for 2026. RENK also plans to continue growing in the current year. The stock reacted to the figures for 2025 and the outlook with a sharp jump in price. So far, however, the gain has only managed to offset the losses recorded earlier in the week.
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Silver North Resources plans to go full throttle in 2026
Silver North Resources (TSXV:SNAG) not only has ambitious goals for the year ahead but also a strong cash position. Being fully funded for two years is far from common among exploration companies and provides shareholders with security.
Silver North Resources is active in Canada’s famous Yukon region. Last year, the company drew attention with high-grade discoveries such as 818 g/t silver over 13.15 m. The most extensive drilling program is planned for 2026. It will start this month with airborne geophysical surveys.
The focus will be on the Haldane project. It is located next to Hecla Mining’s Keno Hill Mine and the Tim project, for which Coeur Mining has an option. This means that two potential buyers lie practically on the doorstep. Silver North Resources plans to continue exploring the Main Fault in the current year. With two drill rigs, the company plans to drill up to 7,000 m within four to five months. Drilling is scheduled to begin as soon as weather conditions permit. Exploration work in the Silvertip region is also planned for the summer. Coeur Mining is on board as an earn-in partner and operator of the company’s own Tim project. The project in southern Yukon is being explored for silver, lead, and zinc. Following the extremely successful exploration in 2025, the company also plans to further develop the Veronica concession area. Among other things, prospecting is planned there to delineate drill targets for subsequent programs.
As mentioned, all these measures are fully financed, making the current market capitalization of under CAD 40 million appear relatively modest.
The prospects for the silver sector as a whole also argue in favor of buying Silver North Resources shares. Lyndsay Malchuk of the International Investment Forum impressively describes in her report that silver is currently one of the most exciting asset classes. Demand is no longer rising cyclically, but is structurally anchored in future-oriented industries such as solar power systems, power grids, electric vehicles, defense, and high-performance computers. At the same time, supply is surprisingly inflexible because around two-thirds of global silver production is only a by-product of copper, lead, and zinc mining. Rising prices therefore do not automatically lead to more silver on the market. Added to this is a growing geopolitical risk, as countries increasingly view metals as a strategic resource for their own industry and energy supply. As a result, silver is becoming less and less like a classic precious metal and more and more like a scarce industrial metal with additional monetary characteristics – it is precisely this combination that makes it so attractive to investors at present.
RENK: Investors react positively
RENK shares posted strong gains last Friday, with the price rising by over 6%. Investors reacted positively to the figures published for the past year and the outlook for 2026.
Unsurprisingly, RENK reported new records in revenue, order intake, and order backlog. Revenue climbed 19.8% to EUR 1.37 billion last year. Adjusted EBIT increased by 21.7% to EUR 230 million. In 2025, RENK secured new orders with a volume of EUR 1.57 billion. At EUR 6.68 billion, the total order backlog as of December 31, 2025, was at an all-time high and provides a good basis for further growth in the coming years. The dividend per share is expected to increase from EUR 0.42 to EUR 0.58. RENK intends to continue its growth trajectory in the current year. Revenue is expected to increase to over EUR 1.5 billion, and the forecast for adjusted EBIT is between EUR 255 million and EUR 285 million.
RENK CEO Dr. Alexander Sagel commented: “Our strategy of consistently focusing on defense technologies is paying off. We are recording the highest results in revenue, order intake, and order backlog in our company’s history. This shows that we are on the right track to achieve our growth targets by 2030. In a geopolitically volatile environment, one thing is clear: operational performance and delivery capability are crucial. The RENK Group adapted to these changed conditions early on and has consistently picked up the necessary speed.”
The RENK share price could certainly use Friday’s jump to EUR 56. At the beginning of last week, the share price was still at EUR 60. In response to the war in the Middle East, one would have expected prices to rise. However, investors are currently noticeably cautious about German defense companies overall.
In February 2025, Adidas shares were trading at over EUR 250. Today, they are just over EUR 142. Is the German sporting goods icon’s stock now a buy? The Adidas CEO appears to think so. On Thursday, Björn Gulden’s insider purchase of around EUR 500,000 was reported. On Wednesday, Adidas reported its results for 2025 and announced that Gulden’s contract had been extended ahead of schedule through December 31, 2030.
The figures for 2025 were in line with expectations. Revenue rose to a record level of EUR 24.8 billion. The sporting goods group even increased its profit by more than 50%. However, the outlook was more cautious. In the year of the World Cup, revenue is expected to grow only in the high single-digit percentage range. Operating profit is expected to be between EUR 2.1 billion and EUR 2.2 billion (2025: EUR 2.056 billion) and net profit between EUR 1.5 billion and EUR 1.6 billion (2025: EUR 1.3 billion).
Following the publication, numerous analysts reduced their estimates and price targets. At Metzler, the fair value of Adidas shares fell from EUR 272 to EUR 245. The “Buy” recommendation was maintained. This also applies to UBS, with analysts reducing their price target for Adidas shares from EUR 256 to EUR 219. DZ Bank believes Adidas shares will reach a price of EUR 206. Previously, the target price was EUR 240.
Silver North Resources is an exciting explorer poised to benefit from the silver supercycle. A lot of news is expected in 2026. If this continues to be positive, the stock appears attractively valued at current levels. RENK is not cheap with a market capitalization of EUR 5.39 billion. For this to be the case, revenue and earnings would have to grow faster. In the case of Adidas, the sell-off may have been exaggerated. However, the conservative outlook in the World Cup year comes as a surprise.
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