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Starcore International Mine ( (TSE:SAM) ) has provided an announcement.
Starcore International Mines Ltd. has finalized a ten-year lease on the Tortilla Project, a historical silver mine in Queretaro, Mexico, through its subsidiary, Compañia Minera Peña de Bernal. The lease involves six mineral claims and concessions, with the potential for significant economic development due to promising metallurgical test results. The project includes two main mineralized zones, with high silver and gold grades, and the potential for greater yields at deeper levels. The company has an option to purchase the claims and concessions, as well as the NSR, which could enhance its operations and provide substantial returns for shareholders.
The most recent analyst rating on (TSE:SAM) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Starcore International Mine stock, see the TSE:SAM Stock Forecast page.
Spark’s Take on TSE:SAM Stock
According to Spark, TipRanks’ AI Analyst, TSE:SAM is a Neutral.
The overall stock score of 58 reflects a mixed outlook. The most significant factor is the company’s financial performance, which shows challenges in revenue growth and profitability. Technical analysis is a positive aspect, indicating upward momentum. However, the valuation is moderate, with a high P/E ratio and no dividend yield. The absence of earnings call data and corporate events limits further insights.
To see Spark’s full report on TSE:SAM stock, click here.
More about Starcore International Mine
Starcore International Mines is a company engaged in precious metals production, with a focus and experience in Mexico. The company complements its base of producing assets with exploration and development projects throughout North America and has expanded its reach internationally with a project in Côte d’Ivoire. Starcore is recognized for its leadership in Corporate Social Responsibility and its commitment to value-driven decisions aimed at increasing long-term shareholder value.
Average Trading Volume: 195,870
Technical Sentiment Signal: Buy
Current Market Cap: C$38.11M
See more insights into SAM stock on TipRanks’ Stock Analysis page.