Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
AbraSilver Resource ( (TSE:ABRA) ) has issued an update.
AbraSilver Resource Corp. has announced a significant increase in its Mineral Resource estimate for the Diablillos property, totaling 199 million ounces of silver and 1.72 million ounces of gold in the Measured & Indicated category. This update reflects substantial growth, particularly at the Oculto and JAC deposits, and includes a maiden heap leach resource. The increase in resources, driven by additional exploration drilling, positions the company for further expansion and is expected to play a crucial role in the upcoming Definitive Feasibility Study, which is on track for completion in early 2026.
The most recent analyst rating on (TSE:ABRA) stock is a Buy with a C$5.50 price target. To see the full list of analyst forecasts on AbraSilver Resource stock, see the TSE:ABRA Stock Forecast page.
Spark’s Take on TSE:ABRA Stock
According to Spark, TipRanks’ AI Analyst, TSE:ABRA is a Neutral.
AbraSilver Resource’s overall score is heavily impacted by its financial struggles, particularly the lack of revenue and negative cash flow. However, strong corporate events and some positive technical indicators provide potential upside. The negative valuation metrics continue to weigh on the overall attractiveness of the stock.
To see Spark’s full report on TSE:ABRA stock, click here.
More about AbraSilver Resource
AbraSilver Resource Corp. is a company operating in the mining industry, focusing on the exploration and development of precious metal resources. The company primarily deals with silver and gold, with a significant market focus on its Diablillos property in Argentina.
Average Trading Volume: 283,690
Technical Sentiment Signal: Buy
Current Market Cap: C$814.6M
See more data about ABRA stock on TipRanks’ Stock Analysis page.