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The latest update is out from Eagle Plains Resources ( (TSE:EPL) ).
Eagle Plains Resources has agreed to sell seven non-core mineral claim blocks totaling 4,711 hectares in Saskatchewan’s La Ronge Gold Belt to Trident Resources for $5,000 in cash, while retaining a 2% net smelter return royalty, half of which Trident can buy back for $1 million. The claims border Trident’s existing land package, and the deal, which constitutes a non-arm’s-length and related-party transaction under securities rules, remains subject to TSX Venture Exchange approval and underscores Eagle Plains’ strategy of monetizing non-core assets while expanding its Saskatchewan gold royalty portfolio.
The most recent analyst rating on (TSE:EPL) stock is a Hold with a C$0.23 price target. To see the full list of analyst forecasts on Eagle Plains Resources stock, see the TSE:EPL Stock Forecast page.
Spark’s Take on TSE:EPL Stock
According to Spark, TipRanks’ AI Analyst, TSE:EPL is a Neutral.
The score is driven primarily by solid financial stability from minimal leverage and improving revenue/profitability, tempered by weak cash flow and still-negative operating earnings. Technical trends are supportive, but the high P/E and lack of dividend yield weigh on the overall rating.
To see Spark’s full report on TSE:EPL stock, click here.
More about Eagle Plains Resources
Eagle Plains Resources Ltd., based in Cranbrook, B.C., is a well-funded mineral project generator focused on grassroots critical- and precious-metal exploration throughout western Canada. Founded in 1992 and one of the oldest issuers on the TSX Venture Exchange, the company has a track record of creating shareholder value through spinouts, royalty interests and partnerships, and recently expanded into clean energy opportunities via its Osprey Power subsidiary.
Average Trading Volume: 139,649
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$22.98M
For detailed information about EPL stock, go to TipRanks’ Stock Analysis page.