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NGEx Minerals ( (TSE:NGEX) ) has issued an update.
NGEx Minerals Ltd. announced significant drill results from its Lunahuasi project, revealing high-grade copper equivalent intersections that extend known mineralization zones and identify new ones. These results enhance the company’s understanding of the porphyry system and position NGEx to further expand and define these zones in upcoming drilling phases, potentially increasing the project’s value and impact on stakeholders.
The most recent analyst rating on (TSE:NGEX) stock is a Buy with a C$14.00 price target. To see the full list of analyst forecasts on NGEx Minerals stock, see the TSE:NGEX Stock Forecast page.
Spark’s Take on TSE:NGEX Stock
According to Spark, TipRanks’ AI Analyst, TSE:NGEX is a Underperform.
NGEx Minerals faces significant financial challenges with persistent losses and negative cash flows, heavily impacting its overall score. While recent corporate events suggest potential growth in resource value, they do not sufficiently counterbalance the financial weaknesses. Technical indicators and valuation also show weaknesses, contributing to the overall cautious outlook.
To see Spark’s full report on TSE:NGEX stock, click here.
More about NGEx Minerals
NGEx Minerals Ltd. is a company operating in the mining industry, focusing on the exploration and development of high-grade copper, gold, and silver projects. Its primary market focus is on the Lunahuasi project in San Juan, Argentina, which is 100% owned by the company.
Average Trading Volume: 266,163
Technical Sentiment Signal: Buy
Current Market Cap: C$3.29B
See more insights into NGEX stock on TipRanks’ Stock Analysis page.