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Allegiant Gold ( (TSE:AUAU) ) has issued an update.
A2Gold Corp. has expanded its 2026 reverse circulation drill program at the Eastside Gold-Silver Project in Nevada from 18,000 metres to 30,000 metres, making it the largest drilling campaign in the company’s history. The enlarged program will focus on both advancing and expanding known mineralization at the McIntosh and Castle zones while allocating roughly two-thirds of the budget to high-impact exploration aimed at discovering new mineralized zones, including extensions of McIntosh and geophysical targets in the Range and Pediment areas. Management emphasizes that the fully funded program, backed by a strong balance sheet and led by a newly appointed vice president of exploration, is intended to position Eastside as a district-scale opportunity and potentially unlock significant additional resource upside for shareholders as drilling begins within weeks and results are reported over time.
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 Nevada-focused gold exploration company that owns three highly prospective gold projects in the United States. Its flagship asset is the district-scale Eastside Gold-Silver Project in Esmeralda County, Nevada, which hosts an inferred resource of 1.4 million ounces of gold and 8.8 million ounces of silver across multiple zones including McIntosh and Castle, with mineralization open in all directions and preliminary metallurgical work indicating amenability to heap leaching.
Average Trading Volume: 87,503
Technical Sentiment Signal: Buy
Current Market Cap: C$85.61M
For a thorough assessment of AUAU stock, go to TipRanks’ Stock Analysis page.