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Guanajuato Silver Company ( (TSE:GSVR) ) has provided an announcement.
Guanajuato Silver Company Ltd. has successfully closed a bought deal public offering, raising C$43.5 million through the issuance of 87 million units. The proceeds will be used for sustaining and developing the company’s four operating mines in Mexico, as well as for working capital and general corporate purposes. This financial move is expected to bolster the company’s operations and support its growth trajectory in the precious metals industry.
The most recent analyst rating on (TSE:GSVR) stock is a Buy with a C$0.65 price target. To see the full list of analyst forecasts on Guanajuato Silver Company stock, see the TSE:GSVR Stock Forecast page.
Spark’s Take on TSE:GSVR Stock
According to Spark, TipRanks’ AI Analyst, TSE:GSVR is a Neutral.
The overall stock score of 49 reflects significant financial challenges, including declining revenues, high leverage, and negative cash flow. While technical indicators show some positive trends, the negative P/E ratio and lack of dividend yield weigh heavily on the valuation.
To see Spark’s full report on TSE:GSVR stock, click here.
More about Guanajuato Silver Company
Guanajuato Silver Company Ltd. is a precious metals producer focused on reactivating past producing silver and gold mines in central Mexico. The company operates four mines, including the El Cubo Mine, Valenciana Mines Complex, San Ignacio Mine, and Topia mine, producing silver, gold, lead, and zinc concentrates.
Average Trading Volume: 3,407,274
Technical Sentiment Signal: Buy
Current Market Cap: C$236.4M
For an in-depth examination of GSVR stock, go to TipRanks’ Overview page.