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The latest announcement is out from Silver Tiger Metals ( (TSE:SLVR) ).
Silver Tiger Metals Inc. announced the successful closing of a C$28,773,000 bought deal financing, which will fund exploration and development at its El Tigre Project in Mexico. This financing strengthens Silver Tiger’s financial position, enabling further development of the El Tigre open pit, which is projected to deliver robust economic returns with a 10-year mine life and significant after-tax cash flow.
The most recent analyst rating on (TSE:SLVR) stock is a Buy with a C$0.85 price target. To see the full list of analyst forecasts on Silver Tiger Metals stock, see the TSE:SLVR Stock Forecast page.
Spark’s Take on TSE:SLVR Stock
According to Spark, TipRanks’ AI Analyst, TSE:SLVR is a Neutral.
Silver Tiger Metals faces significant financial hurdles with negative profitability and cash flow issues. However, recent financing and promising developments at the El Tigre Project offer potential for future growth. The technical analysis is neutral, and the valuation appears overvalued in light of financial performance. Overall, the stock’s score reflects these mixed factors.
To see Spark’s full report on TSE:SLVR stock, click here.
More about Silver Tiger Metals
Silver Tiger Metals Inc. is a Canadian company with over 27 years of experience in discovering, financing, and building large hydrothermal gold and silver mines in Mexico. The company owns the 28,414-hectare Historic El Tigre Mining District in Sonora, Mexico, and prioritizes principled environmental, social, and governance practices.
Average Trading Volume: 1,098,036
Technical Sentiment Signal: Buy
Current Market Cap: C$324.8M
For detailed information about SLVR stock, go to TipRanks’ Stock Analysis page.