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The latest update is out from Arizona Silver Exploration ( (TSE:AZS) ).
Arizona Gold & Silver Inc. has appointed Dr. Lex Lambeck as Senior Vice President of Exploration, replacing Greg Hahn, who will move into the role of Vice Chair after more than 50 years in the mining industry and a key role in the discovery at the Philadelphia project. Lambeck, a PhD geologist with over 25 years of experience and a record of district-scale exploration success at companies including MAG Silver, will oversee all exploration programs, expand technical teams, and accelerate work on the flagship Philadelphia project as well as the Silverton and Sycamore Canyon properties, a move positioned to strengthen the company’s technical leadership and advance its key projects in top-tier U.S. mining jurisdictions.
The most recent analyst rating on (TSE:AZS) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Arizona Silver Exploration stock, see the TSE:AZS Stock Forecast page.
Spark’s Take on TSE:AZS Stock
According to Spark, TipRanks’ AI Analyst, TSE:AZS is a Neutral.
Overall score is held back primarily by weak financial performance (no revenue, ongoing losses, and negative cash flow implying continued funding needs), partially offset by a low-debt balance sheet and improved equity base. Technically, the trend is strong with price above major moving averages, but extremely overbought momentum indicators increase near-term pullback risk. Valuation is constrained by negative earnings and no stated dividend yield.
To see Spark’s full report on TSE:AZS stock, click here.
More about Arizona Silver Exploration
Arizona Gold & Silver Inc. is a mineral exploration company focused on uncovering precious metal resources in Arizona and Nevada, with an emphasis on sustainable practices and innovative exploration techniques. Its flagship asset is the Philadelphia gold-silver property, where the company is drilling an epithermal gold-silver system in preparation for an initial resource calculation, complemented by additional exploration projects at Silverton and Sycamore Canyon.
Average Trading Volume: 118,293
Technical Sentiment Signal: Buy
Current Market Cap: C$114.7M
For an in-depth examination of AZS stock, go to TipRanks’ Overview page.