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Revival Gold ( (TSE:RVG) ) has shared an announcement.
Revival Gold is advancing exploration at its Beartrack-Arnett Gold Project in Idaho, where it has completed 2,300 meters of a planned 3,900-meter winter core drilling program aimed primarily at expanding high-grade underground resources at the Joss area. After limited results at the Sharkey step-out target, the company has redeployed two drill rigs to Joss to test extensions of the Panther Creek Shear Zone over roughly 500 meters of strike and to depths of about 550 meters, seeking to build on an existing underground inferred resource of 877,000 ounces of gold and assess the potential for a future underground mining phase that could complement its open-pit heap leach plan, which currently excludes these underground ounces.
The most recent analyst rating on (TSE:RVG) stock is a Hold with a C$0.80 price target. To see the full list of analyst forecasts on Revival Gold stock, see the TSE:RVG Stock Forecast page.
Spark’s Take on RVG Stock
According to Spark, TipRanks’ AI Analyst, RVG is a Neutral.
The score is held back primarily by weak financial performance driven by a pre-revenue model, ongoing net losses, and sustained negative free cash flow, despite the strength of having no debt and a net-cash posture. Technicals are a meaningful positive with an established uptrend and constructive momentum, while valuation is constrained by negative earnings and no dividend yield data.
To see Spark’s full report on RVG stock, click here.
More about Revival Gold
Revival Gold Inc. is a U.S.-focused gold mine developer with projects in Utah and Idaho. The company is advancing the Mercur Gold Project in Utah and conducting exploration at the Beartrack-Arnett Gold Project in Idaho, where it is working to grow both open-pit heap leach and high-grade underground gold resources. Revival Gold is listed on the TSX Venture Exchange and OTCQX and is headquartered in Toronto with an office in Salmon, Idaho.
Average Trading Volume: 524,344
Technical Sentiment Signal: Buy
Current Market Cap: C$212.9M
See more insights into RVG stock on TipRanks’ Stock Analysis page.