TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Altaley Mining Corporation ( (TSE:LUCA) ) has issued an announcement.
Luca Mining Corp. has confirmed that its operations at the Tahuehueto Gold Project continue without interruption following a routine environmental inspection by Mexico’s PROFEPA. The inspection identified a small inactive area previously used for tailings storage, which does not impact current operations. Luca Mining is working on a remediation plan for this area, emphasizing its commitment to environmental compliance and responsible mining practices.
The most recent analyst rating on (TSE:LUCA) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Altaley Mining Corporation stock, see the TSE:LUCA Stock Forecast page.
Spark’s Take on TSE:LUCA Stock
According to Spark, TipRanks’ AI Analyst, TSE:LUCA is a Neutral.
Altaley Mining Corporation’s stock score is primarily influenced by its mixed financial performance, with strong revenue growth and improved cash flow but ongoing profitability challenges. Technical indicators show a positive trend, but valuation remains unattractive due to a negative P/E ratio and no dividend yield.
To see Spark’s full report on TSE:LUCA stock, click here.
More about Altaley Mining Corporation
Luca Mining Corp. is a mining company operating primarily in the gold mining industry. The company focuses on the development and operation of its Tahuehueto Gold Project in Durango, Mexico, and the Campo Morado mine, advancing production, optimization, and sustainability initiatives.
Average Trading Volume: 791,289
Technical Sentiment Signal: Buy
Current Market Cap: C$420.4M
See more data about LUCA stock on TipRanks’ Stock Analysis page.