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Queen’s Road Capital Investment ( (TSE:QRC) ) just unveiled an update.
Queen’s Road Capital Investment Ltd. has announced significant updates to its investment portfolio, highlighting a US$20 million additional investment in Moxico Resources, bringing its total holding to US$70 million in convertible debentures. The Mimbula copper mine, Moxico’s flagship asset, is expected to increase production significantly by the end of 2026. Additionally, the company has completed the conversion of its debenture in IsoEnergy Ltd. into common shares, with current trading prices reflecting a substantial increase. The completion of the Adriatic Metals takeover by Dundee Precious Metals further enhances QRC’s portfolio value. With a US$223 million convertible debenture portfolio and a US$130 million equity investment portfolio, QRC is well-positioned for growth, boasting a net asset value at an all-time high and annual interest income of US$22 million.
The most recent analyst rating on (TSE:QRC) stock is a Hold with a C$7.50 price target. To see the full list of analyst forecasts on Queen’s Road Capital Investment stock, see the TSE:QRC Stock Forecast page.
Spark’s Take on TSE:QRC Stock
According to Spark, TipRanks’ AI Analyst, TSE:QRC is a Neutral.
The overall stock score is primarily influenced by the company’s strong balance sheet and positive technical indicators. However, profitability issues and a negative P/E ratio weigh down the score. The dividend yield offers some compensation for the risks.
To see Spark’s full report on TSE:QRC stock, click here.
More about Queen’s Road Capital Investment
Queen’s Road Capital Investment Ltd. is a leading financier in the global resource sector, focusing on investments in both privately held and publicly traded companies. The company specializes in acquiring and holding securities for long-term capital appreciation, with a particular emphasis on convertible debt securities and resource projects in advanced development or production, located in politically stable jurisdictions.
Average Trading Volume: 12,140
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$388.6M
Find detailed analytics on QRC stock on TipRanks’ Stock Analysis page.