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Heliostar Metals ( (TSE:HSTR) ) just unveiled an update.
Heliostar Metals has announced a positive prefeasibility study for its Cerro del Gallo project in Mexico, highlighting strong economic potential with a post-tax NPV of $424 million and an IRR of 33.1% at a base gold price of $2,300 per ounce. The study outlines a 15.3-year mine life with significant expansion potential, positioning the project as a key component in Heliostar’s growth strategy to achieve 300,000 ounces of annual gold equivalent production by the end of the decade.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$3.75 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 Neutral.
Heliostar Metals exhibits strong growth potential with recent positive corporate developments and an attractive valuation. However, challenges in achieving consistent profitability and cash flow generation are significant risks. The company’s strong balance sheet and moderate positive momentum offer some stability and upside potential.
To see Spark’s full report on TSE:HSTR stock, click here.
More about Heliostar Metals
Heliostar Metals Ltd. operates in the mining industry, focusing on the exploration and development of precious metals, particularly gold. The company is engaged in advancing its projects to increase production capacity, with a market focus on expanding its gold equivalent production.
Average Trading Volume: 751,865
Technical Sentiment Signal: Buy
Current Market Cap: C$651.7M
See more data about HSTR stock on TipRanks’ Stock Analysis page.