Tudor Gold Advances Treaty Creek Exploration and Expands Stake with American Creek Acquisition

Tudor Gold ( (TSE:TUD) ) has shared an update.

Tudor Gold Corp. has applied for a permit to conduct underground exploration at its Treaty Creek Project in British Columbia, aiming to access and drill the high-grade gold SC-1 Zone more efficiently. This development is expected to enhance the company’s drilling capabilities and reduce costs. Additionally, Tudor Gold is progressing with the acquisition of American Creek Resources Ltd., which will increase its interest in the Treaty Creek Project from 60% to 80%, potentially strengthening its position in the mining sector.

The most recent analyst rating on (TSE:TUD) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Tudor Gold stock, see the TSE:TUD Stock Forecast page.

Spark’s Take on TSE:TUD Stock

According to Spark, TipRanks’ AI Analyst, TSE:TUD is a Underperform.

Tudor Gold’s overall score is low due to significant financial challenges, including no revenue generation and continued losses. The bearish technical indicators and negative valuation metrics further contribute to the low score. However, recent corporate events offer some hope for future improvement, indicating a cautious outlook with potential upside.

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

More about Tudor Gold

Tudor Gold Corp. is a precious and base metals exploration and development company operating in the Golden Triangle of British Columbia, Canada. This region is known for its producing and past-producing mines and several large deposits nearing potential development. The company’s flagship project, the Treaty Creek Project, is strategically located near Seabridge Gold Inc.’s KSM property and Newmont Corporation’s Brucejack Mine property.

Average Trading Volume: 441,867

Technical Sentiment Signal: Sell

Current Market Cap: C$159.7M

See more insights into TUD stock on TipRanks’ Stock Analysis page.