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Dolly Varden Silver ( (TSE:DV) ) has provided an update.
Dolly Varden Silver Corporation announced significant drilling results at its Homestake Silver deposit, revealing high-grade gold mineralization. The drilling intersected notable gold grades, including a section with 26.74 g/t gold over 14.76 meters, indicating a potential expansion of the high-grade zone. This discovery aligns with the company’s strategy to enhance its resource base and could positively impact its future drilling programs and market positioning.
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 on the exploration and development of high-grade silver and gold deposits. The company is engaged in expanding its mineral resources, particularly in the Golden Triangle region of British Columbia, Canada.
Average Trading Volume: 195,498
Technical Sentiment Signal: Buy
Current Market Cap: C$460.5M
Learn more about DV stock on TipRanks’ Stock Analysis page.