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The latest announcement is out from Amarc Resources ( (TSE:AHR) ).
Amarc Resources and joint venture partner Freeport are continuing to expand the high-grade, near-surface AuRORA copper-gold-silver deposit in the JOY District, with 2025 drilling extending mineralization to cover an area of 1.4 km by 0.8 km and the deposit remaining open to further growth in multiple directions. New drill results, including step-out and scout holes to the north, east, southeast and northeast, demonstrate that significant mineralization extends beyond previously defined geophysical targets, suggesting larger upside potential for both the AuRORA Deposit and the broader JOY District, and reinforcing management’s view that the project could underpin the emergence of a major porphyry copper-gold camp in British Columbia.
The most recent analyst rating on (TSE:AHR) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Amarc Resources stock, see the TSE:AHR Stock Forecast page.
Spark’s Take on TSE:AHR Stock
According to Spark, TipRanks’ AI Analyst, TSE:AHR is a Neutral.
The score is held down primarily by weak financial performance (no meaningful revenue base, persistent losses, negative equity, and a recent cash-flow deterioration). Offsetting this, technicals show strong upward momentum with the stock trading above key moving averages, and corporate updates around deposit expansion and partner-backed drilling are positive; however, negative earnings also limit valuation support.
To see Spark’s full report on TSE:AHR stock, click here.
More about Amarc Resources
Amarc Resources Ltd. is a Canadian mineral exploration company focused on discovering and advancing porphyry copper-gold-silver deposits, with a key focus on the JOY District in British Columbia’s Toodoggone region. The company is positioning its AuRORA Deposit as a potential Tier One asset within what it believes could become a world-class porphyry copper-gold district.
Average Trading Volume: 203,927
Technical Sentiment Signal: Buy
Current Market Cap: C$331.2M
For an in-depth examination of AHR stock, go to TipRanks’ Overview page.