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Cabral Gold ( (TSE:CBR) ) has shared an announcement.
Cabral Gold has reported encouraging new drill results from the Machichie Main gold deposit at Cuiú Cuiú, including down-dip extensions of the main mineralized zone and the discovery of a previously unrecognized gold zone located about 100 metres south of Machichie Main, which remains open laterally and at depth. These results, combined with the resumption and ramp-up of drilling, the planned addition of a fourth drill rig, and continued construction progress on the Phase 1 gold-in-oxide heap-leach project, reinforce the potential for resource growth at Cuiú Cuiú and support Cabral’s efforts to define an initial hard-rock resource at Machichie Main while advancing toward near-term production.
The most recent analyst rating on (TSE:CBR) stock is a Hold with a C$0.81 price target. To see the full list of analyst forecasts on Cabral Gold stock, see the TSE:CBR Stock Forecast page.
Spark’s Take on TSE:CBR Stock
According to Spark, TipRanks’ AI Analyst, TSE:CBR is a Neutral.
The score is held back primarily by weak fundamentals: no revenue, persistent losses, and ongoing negative free cash flow despite a low-debt balance sheet. Technicals are a positive offset with a strong multi-timeframe uptrend and positive MACD, but valuation remains constrained by negative earnings and no dividend data.
To see Spark’s full report on TSE:CBR stock, click here.
More about Cabral Gold
Cabral Gold Inc. is a mineral exploration company focused on advancing gold projects within the Cuiú Cuiú Gold District in Brazil. The company’s primary activities include drilling and resource definition of both gold-in-oxide and hard-rock deposits such as the MG, Central, and Machichie Main zones, with a strategic emphasis on developing a Phase 1 gold-in-oxide heap-leach starter project to bring near-surface resources into production.
Average Trading Volume: 321,100
Technical Sentiment Signal: Buy
Current Market Cap: C$205.5M
See more data about CBR stock on TipRanks’ Stock Analysis page.