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
An announcement from Freegold Ventures ( (TSE:FVL) ) is now available.
Freegold Ventures has identified a new mineralized area, the Tamarack Zone, roughly 400 metres east of the Cleary Zone at its Golden Summit project, with initial drilling returning 1.28 g/t gold over 49.2 metres and suggesting the potential for a significant new resource area that extends the project’s eastern mineralized footprint. At the same time, deeper drilling in the Cleary Zone intersected a broad 0.91 g/t gold over 150.9 metres, supporting the company’s model of wider mineralized zones at depth and providing important infill data for an upcoming resource update and pre-feasibility study; with 62 holes completed in the latest campaign, a 50,000-metre drilling program set to restart in February, and recent institutional equity financing secured, Freegold is reinforcing Golden Summit’s scale and economics and strengthening its position in the North American gold exploration space.
The most recent analyst rating on (TSE:FVL) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Freegold Ventures stock, see the TSE:FVL Stock Forecast page.
Spark’s Take on TSE:FVL Stock
According to Spark, TipRanks’ AI Analyst, TSE:FVL is a Neutral.
The score is driven mainly by balance-sheet resilience despite weak operating/cash-flow fundamentals, supported by bullish technical trend signals and a series of positive project/financing corporate updates. The primary drag is the lack of revenue and ongoing losses (negative P/E), implying continued reliance on external funding.
To see Spark’s full report on TSE:FVL stock, click here.
More about Freegold Ventures
Freegold Ventures is a mineral exploration company focused on advancing its Golden Summit gold project in Alaska, one of North America’s largest undeveloped gold resources. The company’s core activity is resource expansion and upgrading through extensive drilling, metallurgical studies and geological modelling, with a view to supporting economic studies such as a pre-feasibility study and ultimately advancing the project toward potential development.
Average Trading Volume: 708,327
Technical Sentiment Signal: Buy
Current Market Cap: C$879.8M
For detailed information about FVL stock, go to TipRanks’ Stock Analysis page.