Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest update is out from Northern Shield Resources ( (TSE:NRN) ).
Northern Shield Resources has identified a new gold-silver-tellurium-copper target at the Braxton Bradley Zone on its Root & Cellar property in southeastern Newfoundland, where soil sampling returned strongly anomalous levels of gold, silver, copper and tellurium about 100 metres north of historic 1999 trenching and drilling. The company plans to expand the soil grid west and north to better define these anomalies, and management says the findings suggest greater potential at Braxton Bradley than previously recognized, adding another priority to this year’s aggressive exploration plans at Root & Cellar alongside other epithermal gold-silver and porphyry copper targets on the Burin Peninsula.
The most recent analyst rating on (TSE:NRN) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Northern Shield Resources stock, see the TSE:NRN Stock Forecast page.
Spark’s Take on TSE:NRN Stock
According to Spark, TipRanks’ AI Analyst, TSE:NRN is a Neutral.
The score is held back primarily by weak financial performance (no revenue, persistent losses, and renewed cash burn). Offsetting factors include favorable technical momentum (price above major moving averages with positive MACD) and supportive corporate events (successful/upsized financings and positive drilling updates), while valuation remains unattractive due to negative earnings and no dividend.
To see Spark’s full report on TSE:NRN stock, click here.
More about Northern Shield Resources
Northern Shield Resources Inc. is a Canadian-based mineral exploration company focused on generating high-quality, model-driven greenfield exploration targets. The company aims to discover mineable, near-surface deposits at relatively low cost, with a particular emphasis on epithermal gold, silver, tellurium and porphyry copper systems, including its 100%-owned Root & Cellar property on Newfoundland’s Burin Peninsula.
Average Trading Volume: 193,858
Technical Sentiment Signal: Sell
Current Market Cap: C$8.8M
For a thorough assessment of NRN stock, go to TipRanks’ Stock Analysis page.