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Eminent Gold Corp. ( (TSE:EMNT) ) has shared an announcement.
Eminent Gold Corp. has expanded its 100%-owned Hot Springs Range Project in Humboldt County, Nevada, by staking an additional 370 hectares of claims along the prospective Eden Corridor, bringing the total land package to 4,311 hectares. The new claims secure a key extension of an emerging Carlin-type oxide gold system parallel to Nevada’s prolific Getchell Trend, underpinned by recent gravity, geophysical and geochemical data that suggest a larger, continuous structural corridor and district-scale potential; management says the move positions the company to control critical ground in a promising new gold trend amid rising competitive interest.
The most recent analyst rating on (TSE:EMNT) stock is a Hold with a C$0.44 price target. To see the full list of analyst forecasts on Eminent Gold Corp. stock, see the TSE:EMNT Stock Forecast page.
Spark’s Take on TSE:EMNT Stock
According to Spark, TipRanks’ AI Analyst, TSE:EMNT is a Neutral.
The score is primarily constrained by weak financial performance driven by a pre-revenue, loss-making profile with ongoing negative operating and free cash flow. Technicals provide partial support as the stock is in an uptrend with positive momentum, though overbought signals temper this. Valuation is penalized by a negative P/E and lack of dividend yield data.
To see Spark’s full report on TSE:EMNT stock, click here.
More about Eminent Gold Corp.
Eminent Gold Corp. is a Nevada-focused gold exploration company aiming to create shareholder value through the discovery of world-class gold deposits in the Great Basin. Led by a multidisciplinary team with a track record in successful gold discoveries, the company’s portfolio includes the Hot Springs Range, Gilbert South and Celts exploration assets.
Average Trading Volume: 45,799
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$32.77M
For an in-depth examination of EMNT stock, go to TipRanks’ Overview page.