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Canterra Minerals ( (TSE:CTM) ) just unveiled an announcement.
Canterra Minerals reported high-grade gold intercepts from its fall 2025 diamond drilling campaign at the Wilding Gold Project in central Newfoundland, highlighted by a 31.5-metre interval grading 10.89 g/t gold at the Elm Zone and additional shallow high-grade hits at the Alder Zone. The program, which tested new geometries and targets across 18 drill holes, indicates a 300-metre by 100-metre mineralized corridor at Elm and confirms continuity of quartz-sulphide veining, while expanded alteration footprints at Elm and Alder and anomalous results at the new Aspen target suggest a larger, more continuous hydrothermal system and materially increase the project’s prospective scale and resource potential, reinforcing Wilding’s strategic positioning next to a major producing gold mine.
The most recent analyst rating on (TSE:CTM) stock is a Hold with a C$0.20 price target. To see the full list of analyst forecasts on Canterra Minerals stock, see the TSE:CTM Stock Forecast page.
Spark’s Take on TSE:CTM Stock
According to Spark, TipRanks’ AI Analyst, TSE:CTM is a Neutral.
The score is held back primarily by weak financial performance (no revenue, widening losses, and continued cash burn), partially offset by a debt-free balance sheet. Technicals are supportive with price trending above major moving averages and positive MACD, and recent financings plus encouraging exploration updates improve near-term operating momentum, though valuation signals remain constrained by ongoing losses and no dividend.
To see Spark’s full report on TSE:CTM stock, click here.
More about Canterra Minerals
Canterra Minerals Corporation is a Canadian mineral exploration company focused on gold projects, notably its 100%-owned Wilding Gold Project in central Newfoundland, adjacent to Equinox Gold’s producing Valentine Mine. The company targets high-grade, district-scale gold systems in one of Canada’s most active and infrastructure-supported gold belts, aiming to capitalize on investor demand for secure North American gold assets through systematic exploration drilling and target expansion.
Average Trading Volume: 402,084
Technical Sentiment Signal: Buy
Current Market Cap: C$73.65M
See more insights into CTM stock on TipRanks’ Stock Analysis page.