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Tudor Gold ( (TSE:TUD) ) has provided an update.
Tudor Gold Corp. has announced an upsized financing deal, raising a total of $14.95 million through a combination of prospectus and private placement offerings. The funds will be used for working capital and exploration expenses on the company’s Treaty Creek property. The participation of notable investor Eric Sprott underscores confidence in Tudor Gold’s operations and potential growth. The financing is expected to close by May 29, 2025, pending necessary approvals.
The most recent analyst rating on (TSE:TUD) stock is a Buy with a C$3.00 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. operates in the mining industry, focusing on exploration and development of mineral properties. The company is primarily engaged in gold exploration, with its flagship property located in the Golden Triangle of northwestern British Columbia.
Average Trading Volume: 186,662
Technical Sentiment Signal: Sell
Current Market Cap: C$132.8M
Find detailed analytics on TUD stock on TipRanks’ Stock Analysis page.