Canaan Inc (CAN) (Q3 2026) Earnings Call Highlights: Profitable Quarter Amid Weak Mining Demand ...
Published . Updated .
Key takeaways
- Canaan Inc (CAN) posted $8.0 million net income and improved mining margins while navigating soft equipment demand and advancing two 1 GW Texas power projects.
- Exposed: PICK, XME, FCX, BHP, RIO
- Market reaction: XME +0.9% on the day (still updating); PICK +0.7% on the day (still updating); FCX +3.0% on the day (still updating)
Market Call
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Canaan Inc (CAN) posted $8.0 million net income and improved mining margins while navigating soft equipment demand and advancing two 1 GW Texas power projects.
Directly affected
- CAN Canaan-22.5% 8d
Named in this report.
Indirectly affected
- PICK iShares MSCI Global Metals & Mining Producers ETF-7.5% 30d
iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “mining” (metals & mining) in this story.
- XME SPDR S&P Metals & Mining ETF-7.3% 30d
SPDR S&P Metals & Mining ETF: it holds metals and mining companies. Linked by “mining” (metals & mining) in this story.
- FCX Freeport-McMoRan-13.8% 30d
Freeport-McMoRan (metal mining): miners' profits move with metal prices. Linked by “mining” (metals & mining) in this story.
- BHP BHP Group-6.9% 19d
BHP Group (metal mining): miners' profits move with metal prices. Linked by “mining” (metals & mining) in this story.
- RIO Rio Tinto Group
Rio Tinto Group (metal mining): miners' profits move with metal prices. Linked by “mining” (metals & mining) in this story.
- VALE Vale S.A+2.3% 9d
Vale S.A (metal mining): miners' profits move with metal prices. Linked by “mining” (metals & mining) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| CAN | +24.69% | +11.74% | base | +2.57% | after close | after close | after close |
| PICK | +0.65% | -2.40% | base | +0.65% | after close | after close | after close |
| XME | -0.83% | -3.22% | base | +0.95% | after close | after close | after close |
| FCX | +3.86% | -1.46% | base | +2.95% | after close | after close | after close |
| BHP | -1.20% | -1.53% | base | +1.02% | after close | after close | after close |
| RIO | +0.01% | -0.98% | base | +0.18% | after close | after close | after close |
| VALE | -1.30% | +0.13% | base | -0.17% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Canaan Inc (CAN) (Q3 2026) Earnings Call Highlights: Profitable Quarter Amid Weak Mining Demand ... Yahoo Finance
Source: Yahoo Finance
Ishares Msci Global Metals & Mining (PICK)
Ishares Msci Global Metals & Mining (PICK) the next day, across 8 earlier stories: average -1.05%, largest gain -1.05%, largest drop -1.05%, from 1 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| Ishares Msci Global Metals & Mining (PICK) | the next day | -1.05% | -1.05% | -1.05% | 1 |
| Spdr Series Trust (XME) | the next day | -1.42% | -1.42% | -1.42% | 1 |
| Freeport-Mcmoran (FCX) | the next day | -1.31% | -1.31% | -1.31% | 3 |
| BHP Group (BHP) | the next day | +0.35% | +1.55% | -0.86% | 2 |
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How far Ishares Msci Global Metals & Mining (PICK) has moved since 11 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| BHP Group (BHP) | that day | +1.02% | still updating |
| BHP Group (BHP) | three days earlier | -1.53% | final price |
| BHP Group (BHP) | five days earlier | -1.20% | final price |
| CAN | that day | +2.57% | still updating |
| CAN | three days earlier | +11.74% | final price |
| CAN | five days earlier | +24.69% | final price |
| Freeport-Mcmoran (FCX) | that day | +2.95% | still updating |
| Freeport-Mcmoran (FCX) | three days earlier | -1.46% | final price |
| Freeport-Mcmoran (FCX) | five days earlier | +3.86% | final price |
| Ishares Msci Global Metals & Mining (PICK) | that day | +0.65% | still updating |
| Ishares Msci Global Metals & Mining (PICK) | three days earlier | -2.40% | final price |
| Ishares Msci Global Metals & Mining (PICK) | five days earlier | +0.65% | final price |
| Rio Tinto (RIO) | that day | +0.18% | still updating |
| Rio Tinto (RIO) | three days earlier | -0.98% | final price |
| Rio Tinto (RIO) | five days earlier | +0.01% | final price |
| Vale S.A (VALE) | that day | -0.17% | still updating |
| Vale S.A (VALE) | three days earlier | +0.13% | final price |
| Vale S.A (VALE) | five days earlier | -1.30% | final price |
| Spdr Series Trust (XME) | that day | +0.95% | still updating |
| Spdr Series Trust (XME) | three days earlier | -3.22% | final price |
| Spdr Series Trust (XME) | five days earlier | -0.83% | final price |
Who gains and who loses around Ishares Msci Global Metals & Mining (PICK)
Companies carried with this story
- PICK Ishares Msci Global Metals & Mining
In “Canaan Inc (CAN) (Q3 2026) Earnings Call Highlights: Profitable Quarter Amid Weak Mining Demand ...,” Ishares Msci Global Metals & Mining (PICK) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “mining” (metals & mining) in this story
- XME Spdr Series Trust
Spdr Series Trust (XME) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Canaan Inc (CAN) (Q3 2026) Earnings Call Highlights: Profitable Quarter Amid Weak Mining Demand ....” Reason on file: SPDR S&P Metals & Mining ETF: it holds metals and mining companies. Linked by “mining” (metals & mining) in this story
- FCX Freeport-Mcmoran
Freeport-Mcmoran (FCX) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Canaan Inc (CAN) (Q3 2026) Earnings Call Highlights: Profitable Quarter Amid Weak Mining Demand ....” Reason on file: Freeport-McMoRan (metal mining): miners' profits move with metal prices. Linked by “mining” (metals & mining) in this story
- BHP BHP Group
BHP Group (BHP) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “Canaan Inc (CAN) (Q3 2026) Earnings Call Highlights: Profitable Quarter Amid Weak Mining Demand ....” Reason on file: BHP Group (metal mining): miners' profits move with metal prices. Linked by “mining” (metals & mining) in this story
- RIO Rio Tinto
In “Canaan Inc (CAN) (Q3 2026) Earnings Call Highlights: Profitable Quarter Amid Weak Mining Demand ...,” Rio Tinto (RIO) is linked, with no stored direction, medium confidence. Reason on file: Rio Tinto Group (metal mining): miners' profits move with metal prices. Linked by “mining” (metals & mining) in this story
- VALE Vale S.A
For “Canaan Inc (CAN) (Q3 2026) Earnings Call Highlights: Profitable Quarter Amid Weak Mining Demand ...,” Vale S.A (VALE) is linked, with no stored direction, medium confidence. Reason on file: Vale S.A (metal mining): miners' profits move with metal prices. Linked by “mining” (metals & mining) in this story
Ishares Msci Global Metals & Mining (PICK)
The 11 Nov 2026 story “Canaan Inc (CAN) (Q3 2026) Earnings Call Highlights: Profitable Quarter Amid Weak Mining Demand ...” names Ishares Msci Global Metals & Mining (PICK) because of this story.
For Ishares Msci Global Metals & Mining (PICK), the reason on file says iShares MSCI Global Metals & Mining Producers ETF: it holds metals and mining companies. Linked by “mining” (metals & mining) in this story
Also listed, Spdr Series Trust (XME): SPDR S&P Metals & Mining ETF: it holds metals and mining companies. Linked by “mining” (metals & mining) in this story
Price levels for Ishares Msci Global Metals & Mining (PICK)
FCX traded between 56.78 and 71.79 across 20 sessions. The latest close on file is 60.30. PICK traded between 54.38 and 61.57 across 20 sessions. The latest close on file is 56.72. XME traded between 95.15 and 109.02 across 20 sessions. The latest close on file is 97.66.
How strong the case is around Ishares Msci Global Metals & Mining (PICK)
46 out of 100Price not final
“Canaan Inc (CAN) (Q3 2026) Earnings Call Highlights: Profitable Quarter Amid Weak Mining Demand ...” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.