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The latest update is out from P2 Gold ( (TSE:PGLD) ).
P2 Gold reported initial reverse circulation infill and expansion drilling results from the Lucky Strike Zone at its Gabbs gold-copper project in Nevada, with several holes intersecting broad intervals of gold-dominant and copper-gold mineralization and multiple holes ending in footwall mineralization. The early results confirm the existing mineral resource model, suggest a thick continuous mineralized zone similar in style to the nearby Sullivan Zone, and support the company’s plan to complete 11,500 meters of drilling at Lucky Strike before updating the Gabbs mineral resource in mid-2026 and moving toward a feasibility study on potential mine development by late 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 precious and base metal projects. The company’s key asset is the Gabbs gold-copper project on Nevada’s Walker-Lane Trend, where it is targeting bulk-tonnage, open-pit mine development through systematic infill, expansion drilling and technical studies.
Average Trading Volume: 706,964
Technical Sentiment Signal: Buy
Current Market Cap: C$197M
See more data about PGLD stock on TipRanks’ Stock Analysis page.