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The latest announcement is out from Soma Gold ( (TSE:SOMA) ).
Soma Gold Corp. announced that a union representing its Colombian subsidiary’s employees has initiated a strike, leading to a suspension of operations at its Cordero Mine and El Bagre Gold Complex. Despite Soma’s efforts to negotiate in good faith with offers of increased wages and benefits, the union declined the latest proposal and rejected binding arbitration. The strike poses challenges to Soma’s operations and underscores the importance of resolving labor disputes to maintain stability and community relations.
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 specializing in gold production and exploration. It operates over 43 square kilometers of mineral concessions along the OTU fault in Antioquia, Colombia, with two fully permitted mills and a focus on sustainability and community engagement. The company also has an exploration property in Brazil under option to Ero Copper Corp.
Average Trading Volume: 227,521
Technical Sentiment Signal: Buy
Current Market Cap: C$163M
See more data about SOMA stock on TipRanks’ Stock Analysis page.