Apollo Silver Brings Back Tom Peregoodoff as Prospective Executive Chair

Apollo Gold ( (TSE:APGO) ) has provided an announcement.

Apollo Silver Corp. has nominated former president and CEO Tom Peregoodoff for election to its board at the March 27 annual meeting, with the board intending to appoint him Executive Chair if elected. Founder and current chair Andrew Bowering will step down from the chair role but remain an active director and significant shareholder.

Peregoodoff, who brings more than three decades of natural resources and capital markets experience, is expected to help drive advancement of the Calico and Cinco de Mayo projects and reinforce corporate strategy and governance. Concurrently, audit committee chair Steven Thomas will become Lead Independent Director, strengthening independent oversight and liaison between the board’s independent members and management as Apollo Silver enters its next development phase.

The most recent analyst rating on (TSE:APGO) stock is a Hold with a C$5.50 price target. To see the full list of analyst forecasts on Apollo Gold stock, see the TSE:APGO Stock Forecast page.

Spark’s Take on TSE:APGO Stock

According to Spark, TipRanks’ AI Analyst, TSE:APGO is a Neutral.

The score is held back primarily by weak financial performance (pre-revenue, persistent losses, and negative cash flow). This is partly offset by strong technical momentum (price above key moving averages with positive MACD) and supportive corporate developments (financing and project/resource progress), while valuation remains constrained by a negative P/E and no dividend.

To see Spark’s full report on TSE:APGO stock, click here.

More about Apollo Gold

Apollo Silver Corp. is a mineral exploration and development company focused on advancing primary silver projects in North America. Its flagship Calico Project in the U.S. hosts a large, bulk-minable silver deposit with barite and zinc credits deemed critical to energy, industrial and medical sectors, while its optioned Cinco de Mayo Project in Mexico is a major high-grade carbonate replacement deposit.

Average Trading Volume: 270,570

Technical Sentiment Signal: Buy

Current Market Cap: C$314.6M

For an in-depth examination of APGO stock, go to TipRanks’ Overview page.