ARREF

ARREF maintains a bullish medium-term posture under Stage 2 advancing, but the recent blow-off top and extension above rising EMAs have driven RSI into overbought territory, making immediate execution unfavorable. We will wait for a pullback into the confluence of the 9EMA and 21EMA with signs of support absorption before engaging.

• ↑9.1% annual dividend yield supported by CAD 0.04/share payout (33% increase)
• ↑Q3 2025 revenue reached $52.5M (+15.6% YoY); net income $6.7M
• ↓Guidance cut to 60–61.5M lbs due to El Teniente accident