Sailfish Royalty Secures Gold Stream and Royalty on Mt. Hamilton Project

The latest announcement is out from Sailfish Royalty ( (TSE:FISH) ).

Sailfish Royalty Corp. has finalized its acquisition of the Mt. Hamilton Gold-Silver Project in Nevada, entering into a definitive agreement with Mako Mining Corp. for a five-year gold stream and a subsequent 2% net smelter return royalty. This strategic move enhances Sailfish’s portfolio by securing a steady gold supply and future royalties from the project, which is fully permitted for open pit, heap leach operations. The transaction is subject to customary closing conditions, including regulatory and shareholder approvals, and involves a $40 million loan to fund the acquisition.

The most recent analyst rating on (TSE:FISH) stock is a Buy with a C$4.25 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 Neutral.

The overall stock score is driven by strong technical momentum and a solid financial recovery, despite valuation concerns due to a negative P/E ratio. The dividend yield provides some support, but further improvements in cash flow and earnings would enhance the stock’s attractiveness.

To see Spark’s full report on TSE:FISH stock, click here.

More about Sailfish Royalty

Sailfish Royalty Corp. operates in the precious metals industry, focusing on acquiring and managing royalty and streaming agreements. The company primarily deals with gold and silver projects, aiming to provide investors with exposure to precious metals without the operational risks associated with mining.

Average Trading Volume: 25,259

Technical Sentiment Signal: Buy

Current Market Cap: C$228.5M

Find detailed analytics on FISH stock on TipRanks’ Stock Analysis page.