Atrium Research analyst Ben Pirie maintained a Buy rating on Tocvan Ventures Corp. (TOC – Research Report) on February 12 and set a price target of C$0.90.
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Ben Pirie has given his Buy rating due to a combination of factors including Tocvan Ventures Corp.’s ongoing developments at their Gran Pilar Gold Silver Project in Sonora, Mexico. The company has completed a significant amount of core drilling, with 1,122 meters across ten drill holes, and identified promising structures and rock characteristics.
The ongoing drill program aims to both infill and expand known mineralization, which is expected to contribute to a maiden resource estimate and a Preliminary Economic Assessment. With assay results pending for several drill holes, the potential for resource expansion is substantial. CEO Brodie Sutherland has noted the technical success of the drilling, underlining the promising exploration potential beyond the Main Zone.
According to TipRanks, Pirie is a 4-star analyst with an average return of 11.6% and a 33.33% success rate.