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The latest update is out from Guanajuato Silver Company ( (TSE:GSVR) ).
Guanajuato Silver Company Ltd. has successfully closed an over-allotment option for its recent bought deal public offering, resulting in additional gross proceeds of C$522,000. This financial maneuver, facilitated by Canaccord Genuity Corp. and Red Cloud Securities Inc., strengthens the company’s financial position, supporting its growth trajectory as a leading silver producer in Mexico.
The most recent analyst rating on (TSE:GSVR) stock is a Hold with a C$0.50 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 for Guanajuato Silver Company is primarily impacted by its weak financial performance, characterized by declining revenues, high leverage, and negative cash flow. Technical analysis also indicates bearish momentum, with the stock trading below key moving averages. Valuation metrics further reflect the company’s financial struggles, with a negative P/E ratio and no dividend yield.
To see Spark’s full report on TSE:GSVR stock, click here.
More about Guanajuato Silver Company
Guanajuato Silver Company Ltd. is a Mexican-based precious metals producer focused on reactivating past producing silver and gold mines in central Mexico. The company operates four mines and three processing facilities, producing silver, gold, lead, and zinc concentrates, making it one of the fastest-growing silver producers in Mexico.
Average Trading Volume: 4,471,558
Technical Sentiment Signal: Hold
Current Market Cap: C$192.9M
For an in-depth examination of GSVR stock, go to TipRanks’ Overview page.