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Dolly Varden Silver ( (TSE:DV) ) has issued an update.
Dolly Varden Silver Corporation announced a significant gold intercept at its Homestake Silver deposit, with a notable drill result of 3.34 g/t gold over 120 meters. This discovery suggests potential growth beyond current mineral resources, highlighting the strength of the high-grade gold system. The ongoing drill program aims to expand and infill high-grade zones, which could be pivotal for future project development and enhance the company’s positioning in the mining sector.
The most recent analyst rating on (TSE:DV) stock is a Buy with a C$1.60 price target. To see the full list of analyst forecasts on Dolly Varden Silver stock, see the TSE:DV Stock Forecast page.
Spark’s Take on TSE:DV Stock
According to Spark, TipRanks’ AI Analyst, TSE:DV is a Neutral.
Dolly Varden Silver’s overall stock score reflects significant financial challenges, characterized by lack of revenue and consistent losses, offset by a strong equity base and absence of debt. While corporate events show strategic efforts to improve market positioning, technical analysis suggests a cautious approach given current price trends. Valuation concerns persist due to the negative P/E ratio and lack of profitability.
To see Spark’s full report on TSE:DV stock, click here.
More about Dolly Varden Silver
Dolly Varden Silver Corporation operates in the mining industry, focusing primarily on the exploration and development of silver and gold deposits. The company is engaged in projects located in the Kitsault Valley, targeting high-grade mineralization zones to expand its resource base.
Average Trading Volume: 125,682
Technical Sentiment Signal: Buy
Current Market Cap: C$602.3M
For detailed information about DV stock, go to TipRanks’ Stock Analysis page.