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Sailfish Royalty ( (TSE:FISH) ) just unveiled an update.
Sailfish Royalty Corp. has announced a new Normal Course Issuer Bid, allowing the company to repurchase up to 5% of its outstanding shares over the next year, reflecting its belief that current market prices undervalue its shares. Additionally, Sailfish has completed the conversion of its Gavilanes Silver Project into a 2% net smelter return royalty, receiving cash, shares, and performance rights from Advance Metals Limited, which could enhance its financial position and shareholder value.
The most recent analyst rating on (TSE:FISH) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Sailfish Royalty stock, see the TSE:FISH Stock Forecast page.
Spark’s Take on TSE:FISH Stock
According to Spark, TipRanks’ AI Analyst, TSE:FISH is a Outperform.
Sailfish Royalty’s overall score is driven by strong technical indicators and highly positive corporate events, suggesting future growth potential. The financial performance is solid but could improve with better cash flow metrics. Valuation concerns with a high P/E ratio are balanced by a decent dividend yield.
To see Spark’s full report on TSE:FISH stock, click here.
More about Sailfish Royalty
Sailfish Royalty Corp. operates in the mining industry, focusing on royalty and streaming services. The company is engaged in acquiring and managing royalty interests in mining projects, with a market focus on precious metals.
YTD Price Performance: 69.45%
Average Trading Volume: 21,276
Technical Sentiment Signal: Buy
Current Market Cap: C$175M
Find detailed analytics on FISH stock on TipRanks’ Stock Analysis page.