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AbraSilver Resource ( (TSE:ABRA) ) just unveiled an announcement.
AbraSilver Resource Corp. has announced a $43.4 million ‘bought deal’ private placement to advance its Diablillos silver-gold project in Argentina. The funds will be used for early development expenditures, including infrastructure and exploration programs, enhancing the company’s market position in the silver-gold sector. The offering, led by National Bank Financial Inc. and Beacon Securities Limited, is expected to close by October 22, 2025, subject to necessary approvals.
The most recent analyst rating on (TSE:ABRA) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on AbraSilver Resource stock, see the TSE:ABRA Stock Forecast page.
Spark’s Take on TSE:ABRA Stock
According to Spark, TipRanks’ AI Analyst, TSE:ABRA is a Neutral.
AbraSilver Resource’s overall score is heavily impacted by its financial struggles, particularly the lack of revenue and negative cash flow. However, strong corporate events and some positive technical indicators provide potential upside. The negative valuation metrics continue to weigh on the overall attractiveness of the stock.
To see Spark’s full report on TSE:ABRA stock, click here.
More about AbraSilver Resource
AbraSilver Resource Corp. is a company in the mining industry, primarily focused on the development of silver and gold projects. The company is advancing its Diablillos silver-gold project located in the Salta province of Argentina, positioning itself as a leading silver-gold development company in the Americas.
YTD Price Performance: 202.40%
Average Trading Volume: 373,001
Technical Sentiment Signal: Buy
Current Market Cap: C$1.15B
See more insights into ABRA stock on TipRanks’ Stock Analysis page.