Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Cartier Resources ( (TSE:ECR) ) has shared an announcement.
Cartier Resources reported new high-grade drill results from the Main Sector of its Cadillac Project, including 29.6 g/t gold over 1.7 metres and 13.2 g/t gold over 1.0 metre, which have led to the discovery of two new gold zones, 5B3 and 5C3, situated between the existing Chimo and East Chimo deposits. The company said these zones, along with confirmation that the 5B4 Zone at East Chimo extends from surface to 1,300 metres and remains open at depth, enhance the project’s resource growth potential, support more efficient mine planning and flexible operating scenarios, and could materially improve overall project economics and value as drilling continues into underexplored areas of the Main Sector.
The most recent analyst rating on (TSE:ECR) stock is a Hold with a C$0.27 price target. To see the full list of analyst forecasts on Cartier Resources stock, see the TSE:ECR Stock Forecast page.
Spark’s Take on TSE:ECR Stock
According to Spark, TipRanks’ AI Analyst, TSE:ECR is a Neutral.
The score is held back primarily by weak financial performance (no revenue, widening losses, and ongoing cash burn), partially offset by a strong low-debt balance sheet. Technicals are constructive with price above key moving averages, though momentum looks stretched (RSI ~70). Recent corporate events are notably positive, highlighted by a sizable resource expansion and continued high-grade exploration progress, but valuation remains constrained by the company’s loss-making status and lack of dividend.
To see Spark’s full report on TSE:ECR stock, click here.
More about Cartier Resources
Cartier Resources Inc. is a Canadian gold exploration company focused on advancing its 100%-owned Cadillac Project in the Abitibi gold belt near Val-d’Or, Quebec. The company is targeting high-grade underground gold resources across multiple deposits, including Chimo, East Chimo and West Nordeau, along the prolific Cadillac Fault Zone, a key structural corridor hosting significant regional gold mineralization.
Average Trading Volume: 512,192
Technical Sentiment Signal: Buy
Current Market Cap: C$115.1M
See more insights into ECR stock on TipRanks’ Stock Analysis page.