Research on Gold Springs Resource Corp. (GRC) from Sidoti & Company
Following the sizable 2Q:22 Fill-Rite acquisition, debt repayment is a priority. The company finished 2Q:26 with net debt of $231.4 million ($8.76 per share). We look for net debt of $206.7 million ($7.85 per share) by the end of 2026. Our $78 price target is based on 25x our 2027 EPS estimate of $3.11. GRC merits a moderate risk rating due to its manageable balance sheet and favorable market trends.
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