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The latest update is out from Arizona Sonoran Copper Co. ( (TSE:ASCU) ).
Arizona Sonoran Copper Company Inc. has announced the buy-down of 0.64% of net smelter returns royalties on its Cactus Project, reducing the aggregate percentage from 3.18% to 2.54%. This strategic move, involving a cash payment of $8.91 million, is part of the company’s ongoing efforts to optimize project economics ahead of its Pre-Feasibility Study. The reduction in royalties is expected to enhance future cash flows and strengthen the project’s financial viability, ultimately benefiting shareholders by potentially increasing returns. The company is advancing towards a Definitive Feasibility Study and aims to position the Cactus Project as a leading copper development initiative in North America.
The most recent analyst rating on (TSE:ASCU) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Arizona Sonoran Copper Co. stock, see the TSE:ASCU Stock Forecast page.
Spark’s Take on TSE:ASCU Stock
According to Spark, TipRanks’ AI Analyst, TSE:ASCU is a Neutral.
Arizona Sonoran Copper Co., Inc. has promising project developments and strategic investments supporting its future potential, reflected in a strong corporate events score. However, the lack of revenue, persistent losses, and negative cash flows weigh heavily on its financial performance score. Technical indicators show positive momentum, but valuation concerns remain due to ongoing losses and no dividend yield.
To see Spark’s full report on TSE:ASCU stock, click here.
More about Arizona Sonoran Copper Co.
Arizona Sonoran Copper Company Inc. is an emerging U.S. copper developer focused on advancing the Cactus Project, a brownfield open pit copper project. The company aims to produce LME Grade A copper cathodes and is strategically positioned in North America with access to essential infrastructure such as water wells, transmission lines, and transportation networks.
Average Trading Volume: 171,703
Technical Sentiment Signal: Buy
Current Market Cap: C$361.4M
For detailed information about ASCU stock, go to TipRanks’ Stock Analysis page.