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The latest update is out from Almadex Minerals ( (TSE:DEX) ).
Almadex Minerals has restarted drilling at its wholly owned New Hope copper-gold project in southeastern Arizona, resuming the first hole that was initially started in December 2025. The hole is testing a surface zone of dense quartz-magnetite veining coincident with an induced polarization chargeability anomaly, interpreted as the shallow expression of a porphyry system, and the company plans to refine further drilling based on results from this initial test. Located near major producing porphyry copper mines such as Lone Star and Morenci, New Hope covers a 958.7-hectare lithocap with advanced argillic alteration and vein-rich zones that are characteristic of the upper levels of a concealed porphyry deposit, suggesting meaningful upside if drilling confirms deeper copper-gold mineralisation.
The most recent analyst rating on (TSE:DEX) stock is a Hold with a C$0.57 price target. To see the full list of analyst forecasts on Almadex Minerals stock, see the TSE:DEX Stock Forecast page.
Spark’s Take on TSE:DEX Stock
According to Spark, TipRanks’ AI Analyst, TSE:DEX is a Neutral.
The score is held back mainly by weak and inconsistent operating cash flow and volatile earnings quality, despite a very strong, debt-free balance sheet. Technicals are constructive with price above key moving averages and positive MACD, while valuation is only average given a ~22 P/E and no dividend. Recent corporate actions (drilling, portfolio positioning, and a new project acquisition) add positive optionality but are not yet reflected in operating cash generation.
To see Spark’s full report on TSE:DEX stock, click here.
More about Almadex Minerals
Almadex Minerals Ltd. is a mineral exploration company that holds a large portfolio of early‑stage projects and net smelter return royalties across Canada, the U.S. and Mexico, built up over many years of prospecting and deal-making by its management team. The company focuses on identifying and advancing copper-gold and related porphyry targets, often leveraging in-house technical expertise and geophysical tools to generate and refine drilling targets.
Average Trading Volume: 42,328
Technical Sentiment Signal: Buy
Current Market Cap: C$34.26M
For an in-depth examination of DEX stock, go to TipRanks’ Overview page.