Heliostar Files NI 43-101 Prefeasibility Study for Cerro del Gallo Project in Mexico

Heliostar Metals ( (TSE:HSTR) ) has provided an update.

Heliostar Metals has filed a National Instrument 43-101 compliant Prefeasibility Study Technical Report for its Cerro del Gallo gold project in Guanajuato, Mexico, formalizing an important step in advancing the asset’s development. Prepared by Kappes, Cassiday & Associates and now available on Canadian securities and company websites, the study supports Heliostar’s broader strategy of building a pipeline of Mexican gold projects that can underpin its ambition to become a mid-tier producer, potentially enhancing its project portfolio quality and visibility among investors and industry partners.

The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$3.50 price target. To see the full list of analyst forecasts on Heliostar Metals stock, see the TSE:HSTR Stock Forecast page.

Spark’s Take on TSE:HSTR Stock

According to Spark, TipRanks’ AI Analyst, TSE:HSTR is a Outperform.

The score is driven primarily by the improved financial profile (profitability step-change and low leverage), supported by constructive technical momentum. Positive project and operational catalysts add support, while below-ideal cash conversion and the sustainability of the recent earnings jump keep the score from rating higher.

To see Spark’s full report on TSE:HSTR stock, click here.

More about Heliostar Metals

Heliostar Metals is a Canada-based precious metals company aiming to grow into a mid-tier gold producer. The company is focused on increasing production and expanding resources at its La Colorada and San Agustin mines in Mexico, while advancing its fully owned Ana Paula gold project in Guerrero, positioning itself within the Mexican gold mining sector.

Average Trading Volume: 676,522

Technical Sentiment Signal: Buy

Current Market Cap: C$792.8M

For a thorough assessment of HSTR stock, go to TipRanks’ Stock Analysis page.