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Silver Tiger Metals ( (TSE:SLVR) ) has shared an announcement.
Silver Tiger Metals has launched a bought deal equity financing, with Stifel Canada and BMO Capital Markets leading an underwriter syndicate to purchase 34,189,000 common shares at C$1.17 per share for gross proceeds of about C$40 million, with an over-allotment option that could lift total proceeds to approximately C$46 million. The funds are earmarked primarily for exploration and development at the company’s El Tigre Project in Sonora, Mexico, as well as for working capital and general corporate purposes, underscoring Silver Tiger’s continued push to advance its flagship silver asset and strengthen its capital position in a competitive precious metals exploration market.
The most recent analyst rating on (TSE:SLVR) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Silver Tiger Metals stock, see the TSE:SLVR Stock Forecast page.
Spark’s Take on TSE:SLVR Stock
According to Spark, TipRanks’ AI Analyst, TSE:SLVR is a Neutral.
The score is anchored by solid solvency (near-zero debt and a sizable equity base), but weighed down by ongoing losses and cash burn. Technicals are supportive due to strong trend and positive MACD, though overbought signals add near-term risk. Valuation is constrained by unprofitability (negative P/E) and the absence of dividend support.
To see Spark’s full report on TSE:SLVR stock, click here.
More about Silver Tiger Metals
Silver Tiger Metals Inc. is a Canadian mining company focused on discovering, financing and developing large hydrothermal silver projects in Mexico. The company owns 100% of the 28,414-hectare historic El Tigre Mining District in Sonora, located at the northern end of the prolific Sierra Madre silver and gold belt, and emphasizes principled environmental, social and governance practices in its operations.
Average Trading Volume: 2,307,198
Technical Sentiment Signal: Buy
Current Market Cap: C$651M
For a thorough assessment of SLVR stock, go to TipRanks’ Stock Analysis page.