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The latest announcement is out from NGEx Minerals ( (TSE:NGEX) ).
NGEx Minerals Ltd. has reported its Q3 2025 results, highlighting the launch of its Phase 4 drill program at the Lunahuasi project in Argentina, following a successful Phase 3 campaign. The company has also completed a C$175 million oversubscribed private placement, which strengthens its financial position and supports further exploration activities. Additionally, NGEx Minerals has spun out an 80.1% ownership interest in LunR Royalties Corp. to its shareholders, which holds royalties on the company’s projects in Chile and Argentina. These developments position NGEx Minerals to expand its exploration efforts and potentially enhance its value creation through successful mineral discoveries.
The most recent analyst rating on (TSE:NGEX) stock is a Hold with a C$26.00 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, primarily focused on the exploration and development of mineral resources. The company’s main activities involve the exploration of copper, gold, and silver deposits, with a significant focus on its Lunahuasi project in Argentina.
Average Trading Volume: 399,732
Technical Sentiment Signal: Buy
Current Market Cap: C$5.31B
For an in-depth examination of NGEX stock, go to TipRanks’ Overview page.