Tudor Gold Increases Stake in Treaty Creek Project with American Creek Acquisition

An announcement from Tudor Gold ( (TSE:TUD) ) is now available.

Tudor Gold has completed the acquisition of American Creek Resources, increasing its stake in the Treaty Creek Project to 80%. This strategic move is expected to enhance Tudor’s appeal to investors and strengthen its position in the mining industry, particularly in the Golden Triangle region. The acquisition involved a share exchange and severance payments, and the delisting of American Creek shares is anticipated. This development positions Tudor to further its exploration success and move towards production at Treaty Creek.

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 with claims in British Columbia’s Golden Triangle, an area known for its significant mining potential. The company focuses on projects that have the potential for large-scale mineral deposits, such as the Treaty Creek project.

Average Trading Volume: 388,049

Technical Sentiment Signal: Sell

Current Market Cap: C$159.7M

Learn more about TUD stock on TipRanks’ Stock Analysis page.