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AbraSilver Resource ( (TSE:ABRA) ) has shared an update.
AbraSilver Resource Corp. has filed a National Instrument 43-101 compliant updated mineral resource estimate for its Diablillos project in Argentina. The report confirms the previously disclosed results, highlighting the project’s substantial silver and gold resources, which include 186Moz of silver and 1.6Moz of gold, suggesting significant potential for further exploration and development.
The most recent analyst rating on (TSE:ABRA) stock is a Buy with a C$7.50 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 an advanced-stage exploration company focused on advancing its 100%-owned Diablillos silver-gold project in Salta province, Argentina. The company is listed on the Toronto Stock Exchange and the OTCQX, and it also has a joint venture agreement with Teck on the La Coipita project in San Juan province.
Average Trading Volume: 292,655
Technical Sentiment Signal: Buy
Current Market Cap: C$895.1M
Find detailed analytics on ABRA stock on TipRanks’ Stock Analysis page.