For Q2 2026, analysts expect a consensus EPS of -$0.07 on zero revenue, with the stock currently trading at $21.45 against a $32.00 average analyst price target.
Investors are primarily focused on updates regarding the 'substantially started' status of the KSM project in British Columbia, which is the company's single most important catalyst.
Management must demonstrate enough construction progress to ensure the project's Environmental Assessment Certificate is made permanent before the 2026 deadline. Any commentary regarding a joint venture partnership to fund the massive KSM capital expenditure will likely drive significant price volatility following the report.