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The latest announcement is out from Cabral Gold ( (TSE:CBR) ).
Cabral Gold reported new drill results from the Machichie Main gold deposit in Brazil’s Cuiú Cuiú district, where recent diamond and reverse circulation holes have both extended the main mineralized zone at depth and confirmed its continuity, including higher-grade intercepts such as 5 metres at 4.70 g/t gold and 6 metres at 1.78 g/t gold. The company also announced the discovery of a previously unrecognized mineralized zone about 100 metres south of Machichie Main that remains open in multiple directions, and said that construction of its Phase 1 gold-in-oxide heap-leach project is progressing ahead of plan, with exploration drilling being ramped up and an additional rig expected in February to support the definition of an initial hard-rock resource and further resource growth across the district.
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 in Brazil’s Cuiú Cuiú Gold District. The company is developing a Phase 1 gold-in-oxide heap-leach starter project while simultaneously expanding hard-rock exploration at multiple deposits, including the Central, MG, and Machichie Main zones, with a strategy to grow its overall resource base in the district.
Average Trading Volume: 321,100
Technical Sentiment Signal: Buy
Current Market Cap: C$205.5M
Find detailed analytics on CBR stock on TipRanks’ Stock Analysis page.