Analysts have raised their price target on Thor Explorations from $1.21 to $1.32. This change reflects increased confidence in the company's improving profitability and outlook.
What's in the News
- Thor Explorations reported final drilling results from its maiden campaign at the Guitry Gold Project in Côte d'Ivoire. The results confirmed previously untested bedrock gold mineralisation and identified further exploration targets (Key Developments).
- The company signed an agreement to acquire its joint venture partner's remaining 30% economic interest in the Douta Gold Project in Senegal. This transaction will increase its ownership to 100%, subject to conditions precedent (Key Developments).
- Further positive results were reported from advanced diamond drilling at the Segilola Gold Mine in Nigeria. The drilling is aimed at extending the mine life by targeting mineralisation beneath the current open pit (Key Developments).
- Initial assay results from the Guitry Gold Project revealed several high-grade gold intersections. These results validate the project's potential, with additional drilling and exploration planned (Key Developments).
Valuation Changes
- Consensus Analyst Price Target has risen from CA$1.21 to CA$1.32, reflecting improved expectations for the company.
- Discount Rate increased slightly from 6.52% to 6.64%, suggesting a modest change in perceived risk.
- Revenue Growth estimates show a less negative outlook, improving from -20.12% to -17.15%.
- Net Profit Margin has increased from 50.65% to 52.79%, indicating higher anticipated profitability.
- Future P/E ratio has fallen significantly from 14.70x to 9.85x. This implies shares are expected to be more attractively valued relative to future earnings.
Disclaimer
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