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Altamira Gold Corp ( (TSE:ALTA) ) has provided an announcement.
Altamira Gold has reported new assay results from resource-extension drilling at its Cajueiro Central project in Brazil, including one hole outside the current resource that confirmed gold mineralization beyond existing boundaries and another within the resource that delivered the highest-grade primary intercept to date in the Baldo sector, suggesting potential for higher-grade shoots within established structures. In parallel, the company has begun drilling two previously untested porphyry targets, Mombaque and Guillermo, along the Maria Bonita–Morro Verde trend, as part of a broader district-wide campaign aimed at expanding gold ounces and upgrading existing resources from Inferred to Indicated, which could enhance the scale, confidence and long-term development prospects of its Cajueiro and Maria Bonita deposits.
The most recent analyst rating on (TSE:ALTA) stock is a Hold with a C$0.27 price target. To see the full list of analyst forecasts on Altamira Gold Corp stock, see the TSE:ALTA Stock Forecast page.
Spark’s Take on TSE:ALTA Stock
According to Spark, TipRanks’ AI Analyst, TSE:ALTA is a Neutral.
The score is held back primarily by weak financial performance (no revenue, ongoing losses and cash burn) despite a low-debt balance sheet. Technicals and recent corporate updates are supportive, but valuation remains challenged due to negative earnings and no dividend support.
To see Spark’s full report on TSE:ALTA stock, click here.
More about Altamira Gold Corp
Altamira Gold Corp. is a Vancouver-based mineral exploration company focused on gold projects in the Alta Floresta Belt of central western Brazil. Its key assets include the Cajueiro district, which hosts the Cajueiro Central and Maria Bonita open-pit gold resources along with multiple nearby exploration targets, all accessible by road and existing infrastructure in Mato Grosso state.
Average Trading Volume: 186,176
Technical Sentiment Signal: Buy
Current Market Cap: C$77.08M
Learn more about ALTA stock on TipRanks’ Stock Analysis page.