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The latest update is out from P2 Gold ( (TSE:PGLD) ).
P2 Gold reported additional drill results from the Lucky Strike Zone at its Gabbs Project in Nevada, where recent reverse circulation holes intersected broad intervals of gold and copper mineralization, including up to 0.71 g/t gold and 0.31% copper over 54.86 meters and higher-grade cores. The data confirm the existing mineral resource model, show that Lucky Strike shares similar ore controls with the Sullivan Zone, and indicate that Lucky Strike remains open in all directions with potential to be significantly larger, supporting plans for an updated mineral resource estimate in the third quarter of 2026 and a feasibility study on placing Gabbs into production by the fourth quarter of 2026.
The most recent analyst rating on (TSE:PGLD) stock is a Hold with a C$0.78 price target. To see the full list of analyst forecasts on P2 Gold stock, see the TSE:PGLD Stock Forecast page.
Spark’s Take on TSE:PGLD Stock
According to Spark, TipRanks’ AI Analyst, TSE:PGLD is a Neutral.
The score is held back primarily by weak financial quality (pre-revenue, negative EBIT, and persistently negative operating/free cash flow despite positive net income), implying reliance on external funding. Technicals are supportive due to a strong uptrend, but overbought signals temper the impact. Valuation also weighs on the score given the very high P/E and no dividend yield provided.
To see Spark’s full report on TSE:PGLD stock, click here.
More about P2 Gold
P2 Gold Inc. is a mineral exploration and development company focused on advancing its Gabbs Project on the Walker-Lane Trend in Nevada. The company is targeting gold and copper resources through reverse circulation and diamond drilling, aiming to define and expand mineralized zones such as Lucky Strike and Sullivan to support future mine development and production planning.
Average Trading Volume: 733,585
Technical Sentiment Signal: Buy
Current Market Cap: C$246.5M
See more data about PGLD stock on TipRanks’ Stock Analysis page.