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The latest update is out from Liberty Gold ( (TSE:LGD) ).
Liberty Gold Corp. has received a US$2.2 million payment as part of the sale of its interest in the TV Tower copper-gold project in Türkiye, contributing to a total of US$8.5 million. This non-dilutive payment strengthens the company’s treasury, allowing Liberty Gold to focus on advancing the Black Pine project in Idaho, which is the largest undeveloped oxide gold project in the Great Basin. The company aims to build a strong portfolio of oxide assets for future development, enhancing its industry positioning and potential stakeholder value.
The most recent analyst rating on (TSE:LGD) stock is a Buy with a C$4.25 price target. To see the full list of analyst forecasts on Liberty Gold stock, see the TSE:LGD Stock Forecast page.
Spark’s Take on TSE:LGD Stock
According to Spark, TipRanks’ AI Analyst, TSE:LGD is a Underperform.
Liberty Gold faces significant financial challenges, with no revenue and ongoing losses, heavily weighing down its stock score. However, recent corporate events suggest potential for future improvement, offering some hope. Technical indicators and unattractive valuation metrics further contribute to a low overall stock score.
To see Spark’s full report on TSE:LGD stock, click here.
More about Liberty Gold
Liberty Gold is focused on developing open pit oxide deposits in the Great Basin of the United States, which is known for large-scale gold projects suitable for open-pit mining. The company is advancing the Black Pine project in southeastern Idaho, a past-producing Carlin-style gold system with significant economic potential for open-pit/heap leach operations.
Average Trading Volume: 662,019
Technical Sentiment Signal: Buy
Current Market Cap: C$291.3M
See more data about LGD stock on TipRanks’ Stock Analysis page.