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Peruvian Metals ( (TSE:PER) ) just unveiled an update.
Peruvian Metals reported updated metallurgical test results from its wholly owned Palta Dorada gold-silver property in northern Peru, showing strong recoveries for both oxide and sulphide material from the main San Juan vein, with gold recoveries of 89% in sulphides via flotation and 82% in oxides via cyanide leaching. With road access restored after El Niño-related damage and camp upgrades completed, the company is preparing to restart exploration and development along the 840-metre strike of the San Juan vein, while leveraging its Aguila Norte plant for sulphide processing and local toll mills for oxide material; Peruvian Metals has also consolidated full ownership of Palta Dorada and become the largest shareholder of Rio Silver through a recent share payment, underscoring its strategic positioning in the Peruvian precious metals sector.
The most recent analyst rating on (TSE:PER) stock is a Hold with a C$0.06 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 recurring negative free cash flow despite improving revenue, which raises sustainability and funding-risk concerns. Technicals are supportive due to a strong uptrend, but overbought signals increase near-term volatility risk. Valuation is also a headwind with a 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 precious and base metals in Peru. The company operates the Aguila Norte processing plant and holds a 100% interest in the Palta Dorada gold-silver property in the Ancash region, targeting both oxide and sulphide mineralization for toll milling, in-house processing and potential resource development.
Average Trading Volume: 137,506
Technical Sentiment Signal: Hold
Current Market Cap: C$8.3M
Learn more about PER stock on TipRanks’ Stock Analysis page.