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Soma Gold ( (TSE:SOMA) ) has provided an update.
Soma Gold Corp. has entered into a definitive agreement with Red Rock Resources PLC to repurchase the net smelter returns royalty on the El Limón gold mine. This move is expected to positively impact operating margins by streamlining the asset’s cost structure and demonstrates Soma Gold’s commitment to maximizing the value of its Colombian portfolio. The transaction, which involves a cash payment and issuance of warrants, is subject to TSX Venture Exchange approval and will be funded from existing working capital.
The most recent analyst rating on (TSE:SOMA) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Soma Gold stock, see the TSE:SOMA Stock Forecast page.
Spark’s Take on TSE:SOMA Stock
According to Spark, TipRanks’ AI Analyst, TSE:SOMA is a Outperform.
Soma Gold’s overall stock score reflects strong financial performance and positive technical indicators. The company’s robust revenue growth, profitability, and cash flow management are significant strengths, although high leverage warrants caution. Technical analysis supports a bullish trend, while valuation metrics indicate reasonable pricing. The absence of earnings call and corporate events data did not impact the score.
To see Spark’s full report on TSE:SOMA stock, click here.
More about Soma Gold
Soma Gold Corp. is a profitable mining company focused on gold production and exploration. It owns over 43 square kilometers of mineral concessions along the prolific OTU fault in Antioquia, Colombia, and operates two fully permitted mills with a combined milling capacity of 675 tons per day. The company is committed to sustainability and community engagement and also owns an exploration property in Brazil under option to Ero Copper Corp.
Average Trading Volume: 239,020
Technical Sentiment Signal: Buy
Current Market Cap: C$141.9M
See more insights into SOMA stock on TipRanks’ Stock Analysis page.