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Cerro de Pasco Resources Inc ( (TSE:CDPR) ) just unveiled an update.
Cerro de Pasco Resources Inc. has reached a settlement agreement with Trevali Mining Corporation and its monitor, resolving all disputes related to the acquisition of the Santander Mine. This settlement, pending court approval, will allow CDPR to eliminate significant liabilities from its balance sheet, resulting in a material financial gain and enabling the company to focus on its core projects in Peru.
Spark’s Take on TSE:CDPR Stock
According to Spark, TipRanks’ AI Analyst, TSE:CDPR is a Underperform.
Cerro de Pasco Resources Inc. faces significant financial challenges with negative profitability and high leverage, substantially impacting its overall stock score. While the stock’s valuation appears attractive with a low P/E ratio, the company’s financial instability poses a high risk. Technical indicators do not currently show strong momentum, contributing to a cautious outlook.
To see Spark’s full report on TSE:CDPR stock, click here.
More about Cerro de Pasco Resources Inc
Cerro de Pasco Resources is a mining company focused on developing its El Metalurgista concession in central Peru. The company specializes in reprocessing and remediating historic mining waste, particularly silver-rich tailings and stockpiles, to unlock value while promoting sustainable development. CDPR aims to set a benchmark for responsible tailings reprocessing and environmental remediation in Peru.
Average Trading Volume: 855,617
Technical Sentiment Signal: Buy
Current Market Cap: C$279.6M
For an in-depth examination of CDPR stock, go to TipRanks’ Overview page.