Atrium Research analyst Ben Pirie maintained a Buy rating on Forge Resources on September 30 and set a price target of C$1.00.
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Ben Pirie’s rating is based on the promising results from Forge Resources’ recent drilling activities. The company announced visual observations of mineralization from the first diamond drill hole of the Phase 2 2025 drill program, which intersected polymetallic veins, including visible gold. This suggests potential for significant resource discovery, which is a positive indicator for the company’s future prospects.
Additionally, the ongoing drilling at the Alimony Target and the continued progress at the La Estrella Coal Project in Colombia further support the company’s growth potential. These developments, coupled with the strategic drilling plans and the promising initial results, underpin Ben Pirie’s confidence in maintaining a Buy rating for Forge Resources, with a target price of $1.00 per share.