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Allegiant Gold ( (TSE:AUAU) ) has issued an announcement.
A2Gold Corp. reported strong core drilling results from three holes at the McIntosh zone of its Eastside Gold–Silver Project in Nevada, highlighted by 2.9 g/t gold and 9.8 g/t silver over 20 metres in hole ES-331, including higher-grade sub-intervals, and additional mineralized intercepts in holes ES-337 and ES-338. The latest drilling extends known gold and silver mineralization roughly 70 metres deeper to about 480 metres vertical depth and confirms broad, laterally extensive and vertically continuous mineralized zones, which the company says de-risks the project, underpins its strategy of resource expansion through systematic in-fill and step-out drilling, and will feed into an upcoming NI 43-101 resource update and an 18,000-metre reverse-circulation drill campaign set to begin in mid-January 2026 focusing on resource growth and high-priority exploration targets.
The most recent analyst rating on (TSE:AUAU) stock is a Buy with a C$1.70 price target. To see the full list of analyst forecasts on Allegiant Gold stock, see the TSE:AUAU Stock Forecast page.
Spark’s Take on TSE:AUAU Stock
According to Spark, TipRanks’ AI Analyst, TSE:AUAU is a Underperform.
Allegiant Gold faces significant financial challenges with ongoing losses and negative cash flow, despite a strong balance sheet. Technical analysis points to a bearish trend, while valuation concerns are evident from a negative P/E ratio. However, positive corporate events, such as strategic initiatives and board changes, offer some potential for improvement. Overall, the stock is rated low due to financial performance and valuation issues, with a modest score reflecting these challenges.
To see Spark’s full report on TSE:AUAU stock, click here.
More about Allegiant Gold
A2Gold Corp. is a mineral exploration company focused on gold and silver, with its flagship 100%-owned Eastside Gold–Silver Project in Esmeralda County near Tonopah, Nevada, along the Walker Lane Trend. The Eastside project currently hosts an inferred resource of 1.4 million ounces of gold and 8.8 million ounces of silver over a 92 km² land package, with mineralization remaining open in all directions.
Average Trading Volume: 90,278
Technical Sentiment Signal: Buy
Current Market Cap: C$87.52M
See more insights into AUAU stock on TipRanks’ Stock Analysis page.