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The latest announcement is out from Capital Drilling ( (GB:CAPD) ).
Capital Limited has announced a proposed equity fundraise of approximately £31 million to support its growth strategy amid a favorable demand environment and tightening equipment market. The proceeds will enhance the company’s balance sheet capacity, enabling it to pursue growth opportunities across its drilling, mining, and MSALABS divisions, capitalizing on strong commodity prices and increased exploration budgets from its major customers.
The most recent analyst rating on (GB:CAPD) stock is a Buy with a £132.00 price target. To see the full list of analyst forecasts on Capital Drilling stock, see the GB:CAPD Stock Forecast page.
Spark’s Take on GB:CAPD Stock
According to Spark, TipRanks’ AI Analyst, GB:CAPD is a Outperform.
Capital Drilling’s overall stock score is driven by strong technical indicators and solid financial performance, particularly in cash flow generation. While the valuation is reasonable, the decline in revenue growth and operational margins presents a risk that needs to be monitored. The absence of earnings call data and corporate events means these factors did not influence the score.
To see Spark’s full report on GB:CAPD stock, click here.
More about Capital Drilling
Capital Limited is a leading mining services company providing a comprehensive range of drilling, mining, maintenance, and geochemical laboratory solutions to the global minerals industry. The company operates in 16 countries, including Canada, Côte d’Ivoire, Democratic Republic of Congo, Egypt, Gabon, Ghana, Guinea, Kenya, Mali, Mauritania, Pakistan, Saudi Arabia, Tanzania, United States of America, and Zambia, with a strong customer base featuring major mining companies.
Average Trading Volume: 252,973
Technical Sentiment Signal: Buy
Current Market Cap: £224.3M
For a thorough assessment of CAPD stock, go to TipRanks’ Stock Analysis page.