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The latest update is out from Element 29 Resources ( (TSE:ECU) ).
Element 29 Resources has reported its longest and highest-grade drill intercepts to date at the Elida porphyry copper-molybdenum-silver deposit in central Peru, with hole ELID037 returning 1,489 metres grading 0.58% CuEq from surface, including 1,152 metres at 0.64% CuEq and several higher-grade sub-intervals that demonstrate increasing copper grades at depth. These results, which validate a large low-resistivity geophysical anomaly and materially expand the interpreted mineralized footprint, support the potential for significant resource growth and a deeper high-grade copper core, as the company advances a 7,000-metre drilling program in 2025–2026 aimed at expanding and upgrading the mineral resource, with an updated resource estimate planned upon completion and additional drilling already envisioned for early 2026.
The most recent analyst rating on (TSE:ECU) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Element 29 Resources stock, see the TSE:ECU Stock Forecast page.
Spark’s Take on TSE:ECU Stock
According to Spark, TipRanks’ AI Analyst, TSE:ECU is a Neutral.
The score is held back primarily by weak financial performance (no revenue, ongoing losses, and negative free cash flow despite a low-debt balance sheet). Technicals are a meaningful positive with the stock above major moving averages and a positive MACD, while valuation is constrained by negative earnings and no dividend. A positive exploration acceleration event adds modest support but does not offset the current cash-burn profile.
To see Spark’s full report on TSE:ECU stock, click here.
More about Element 29 Resources
Element 29 Resources is a mineral exploration company focused on porphyry copper, molybdenum, and silver deposits in Peru. Its flagship Elida project is strategically located at low elevation near the Peruvian coast with access to power, water, ports, and skilled labour, positioning it as a potential low-cost, low-risk copper operation in a key mining jurisdiction.
Average Trading Volume: 54,484
Technical Sentiment Signal: Buy
Current Market Cap: C$197.5M
For an in-depth examination of ECU stock, go to TipRanks’ Overview page.