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Peruvian Metals ( (TSE:PER) ) has issued an announcement.
Peruvian Metals has provided an operational update on its Minas Visca silver project in northern Peru, where historical work and recent sampling indicate silver-rich polymetallic mineralization with potentially commercially viable concentrate production. The company reports encouraging metallurgical test results from bulk and stockpile samples, positive initial community relations, and notes that neighbouring concession holder Mitsui is preparing a drill program nearby, underscoring the area’s exploration potential; it plans to use future Minas Visca production to replace third-party feed at its fully permitted Aguila Norte plant and has launched a non-brokered private placement of up to $1 million to support exploration and working capital, positioning the company to benefit from higher silver prices and to grow its operations organically.
The most recent analyst rating on (TSE:PER) stock is a Hold with a C$0.13 price target. To see the full list of analyst forecasts on Peruvian Metals stock, see the TSE:PER Stock Forecast page.
Spark’s Take on TSE:PER Stock
According to Spark, TipRanks’ AI Analyst, TSE:PER is a Neutral.
The score is held back primarily by persistent net losses and consistently negative free cash flow, despite a low-debt balance sheet. Technicals are supportive due to strong trend momentum, but the stock appears overbought (high RSI), and valuation is weak with a very high P/E and no dividend support.
To see Spark’s full report on TSE:PER stock, click here.
More about Peruvian Metals
Peruvian Metals Corp. is a Canadian mineral processing and exploration company focused on polymetallic and precious metals projects in Peru. Its key asset is the Aguila Norte Processing Plant, a 100-tonne-per-day facility permitted by the Peruvian government, which processes polymetallic mineral feed sourced from its own properties, including the Minas Visca silver project and the Palta Dorada gold-silver property, as well as from third parties.
Average Trading Volume: 262,699
Technical Sentiment Signal: Buy
Current Market Cap: C$17.99M
Learn more about PER stock on TipRanks’ Stock Analysis page.