Claim 70% Off TipRanks This Holiday Season
- 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
IMPACT Silver ( (TSE:IPT) ) has issued an update.
IMPACT Silver Corp. has signed a Letter of Intent granting J2 Metals Inc. an option on a 22 km² portion of its Zacualpan S.E. area in Mexico, now named the Sierra Plata Silver-Antimony Project, where J2 will carry out exploration over three years under a definitive agreement expected to close within 60 days. In return for the right to earn 100% of the property, J2 will fund approximately $1.35 million in staged exploration spending, make share and optional cash payments totalling up to 6.5 million J2 shares over three years, cover all holding costs, and grant IMPACT a 1.5% NSR royalty (partially buyable down), allowing IMPACT to unlock value from a non-core, remote asset while preserving its capital and maintaining exposure to potential discovery upside amid strong silver prices, subject to TSX Venture Exchange approval.
The most recent analyst rating on (TSE:IPT) stock is a Hold with a C$0.36 price target. To see the full list of analyst forecasts on IMPACT Silver stock, see the TSE:IPT Stock Forecast page.
Spark’s Take on TSE:IPT Stock
According to Spark, TipRanks’ AI Analyst, TSE:IPT is a Neutral.
The overall stock score of 54 reflects significant financial challenges, particularly in profitability and cash flow, which weigh heavily on the score. However, positive technical indicators suggest bullish momentum, partially offsetting the financial weaknesses. The negative P/E ratio and lack of dividend yield further impact the valuation negatively.
To see Spark’s full report on TSE:IPT stock, click here.
More about IMPACT Silver
IMPACT Silver Corp. is a Mexico-focused precious and base metals producer-explorer with two main mining projects: the Royal Mines of Zacualpan silver-gold district in central Mexico and the Plomosas zinc-lead-silver district in northern Mexico. At Zacualpan, the company operates four underground silver mines and one open-pit mine feeding the 500 tpd Guadalupe processing plant, and it also holds the Capire open-pit silver project with a pilot plant and an NI 43-101 inferred resource of silver, zinc and lead that is under review for a potential restart. At Plomosas, IMPACT has recently restarted high-grade zinc mining and is ramping up production along a 6 km structure, while exploring additional copper-gold and other polymetallic targets on the district-scale land package.
Average Trading Volume: 1,553,278
Technical Sentiment Signal: Buy
Current Market Cap: C$115.3M
Find detailed analytics on IPT stock on TipRanks’ Stock Analysis page.