According to a report by the Canadian daily newspaper The Globe and Mail from late last week, analysts at Paradigm Capital reaffirmed their assessment of the Canadian gold explorer Sitka Gold (WKN A2JG70 / TSXV SIG) – as a “speculative buy”.
At the same time, it was further stated, the experts raised their price target by CAD 0.50 to CAD 1.70 (+42%)! On average, the report said, analysts would see the price target for Sitka shares at CAD 1.48. According to Paradigm, Sitka is still little known among investors despite a strong year-to-date performance – a 77% gain has been recorded. The analysts definitely see further, significant potential.
Sitka Gold is Only at the Beginning of a Multi-Year Revaluation
According to Paradigm, the newspaper report stated, Sitka is still at the beginning of a multi-year revaluation cycle and remains one of the most attractive junior gold stocks for the second half of 2025.
Sitka Gold, with its RC Gold project, continues to represent one of the most compelling exploration opportunities in the Yukon, it was further stated. Especially since RC Gold already has resources of 2.8 million ounces of gold in the Blackjack and Eiger deposits, and these are growing rapidly through high-grade expansion drilling, including 352.8 meters at 1.55 g/t gold, including 108.9 meters at 3.27 g/t gold in drill hole 75.
Paradigm Capital sees “significant revaluation potential” in light of the fully funded 30,000-meter drilling program, numerous new discoveries such as Rhosgobel (166.0 meters at 1.14 g/t gold from surface), significant infrastructure advantages, and a significantly lower valuation compared to its peer group (enterprise value/ounces).
