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C3 Metals ( (TSE:CCCM) ) has shared an update.
C3 Metals has fully restored project infrastructure in Jamaica following the impact of Hurricane Melissa and has restarted exploration activities at its 50%-owned Super Block project and 100%-owned Bellas Gate project, where drilling and a large 3DIP geophysical survey have resumed under a funding partnership with Freeport-McMoRan Exploration Corporation. Alongside the operational restart, the company implemented a community assistance program that delivered essential supplies, repaired roads, and provided building materials to help rebuild homes and community structures, supporting about 500 families across three communities and reinforcing its social licence to operate in one of its key exploration jurisdictions.
The most recent analyst rating on (TSE:CCCM) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on C3 Metals stock, see the TSE:CCCM Stock Forecast page.
Spark’s Take on TSE:CCCM Stock
According to Spark, TipRanks’ AI Analyst, TSE:CCCM is a Neutral.
The score is held down primarily by weak financial performance (ongoing losses and consistent negative free cash flow), with only partial offset from a debt-free, better-capitalized balance sheet. Technicals are neutral-to-soft, valuation support is limited due to negative earnings and no dividend, while recent positive exploration events provide a modest uplift.
To see Spark’s full report on TSE:CCCM stock, click here.
More about C3 Metals
C3 Metals Inc. is a mineral exploration company focused on large copper and gold deposits, with significant holdings in Peru’s high-grade Andahuaylas-Yauri porphyry-skarn belt and an active exploration portfolio in Jamaica. Its flagship Jasperoide project in Peru hosts multiple skarn prospects and an outcropping porphyry system, and the company has published a maiden resource estimate there. In Jamaica, C3 Metals controls extensive exploration licences over a 30 km strike, targeting numerous porphyry, epithermal and volcanic redbed copper prospects, including areas subject to an earn-in option with Freeport-McMoRan Exploration Corporation.
Average Trading Volume: 55,664
Technical Sentiment Signal: Buy
Current Market Cap: C$124.9M
See more insights into CCCM stock on TipRanks’ Stock Analysis page.