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Radius Gold ( (TSE:RDU) ) has shared an announcement.
Radius Gold is advancing its Tierra Roja copper project in southern Peru, where recent work has refined the geological model and expanded the known surface footprint of copper and silver mineralization. Surface sampling over volcanic and sedimentary rocks continues to show anomalous grades beneath partial caliche cover, supporting interpretation of a concealed mineralized system.
The company has secured provisional authorization for surface land access from Peru’s national state assets authority and has filed its application to initiate exploration with the regional energy and mines office, the final administrative step before drilling. Proposed drill targets focus on a northern corridor about 750 metres long and up to 450 metres wide, where integrated geochemical, geological and geophysical data suggest mineralization extends at depth, positioning Radius for an initial drill program once permits are in hand.
The most recent analyst rating on (TSE:RDU) stock is a Hold with a C$0.19 price target. To see the full list of analyst forecasts on Radius Gold stock, see the TSE:RDU Stock Forecast page.
Spark’s Take on RDU Stock
According to Spark, TipRanks’ AI Analyst, RDU is a Neutral.
The score is held down primarily by the lack of revenue, recurring losses, and ongoing cash burn, which increase financing and dilution risk. Technical signals are modestly supportive and recent corporate actions are positive for project optionality, but valuation is difficult to justify with negative earnings.
To see Spark’s full report on RDU stock, click here.
More about Radius Gold
Radius Gold Inc. is a Vancouver-based mineral exploration company focused on copper, gold and silver projects, with a portfolio primarily in Mexico and Peru. The company advances projects both independently and through partnerships to conserve capital, and is part of the Gold Group of companies led by mining entrepreneur Simon Ridgway.
Average Trading Volume: 133,141
Technical Sentiment Signal: Sell
Current Market Cap: C$16.78M
For an in-depth examination of RDU stock, go to TipRanks’ Overview page.