Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Aldebaran Resources Inc ( (TSE:ALDE) ) just unveiled an announcement.
Aldebaran Resources Inc. has arranged a C$20.0 million bought deal private placement of 6,154,000 common shares at C$3.25 per share with a syndicate of underwriters led by Cormark Securities and Red Cloud Securities, with an option for underwriters to purchase up to an additional 923,100 shares. Concurrently, the company plans a non-brokered private placement of up to 16,769,231 common shares at the same price to accommodate participation rights of existing securityholders, with both financings expected to close around February 5, 2026, subject to regulatory and TSX Venture Exchange approval; net proceeds will fund completion of a prefeasibility study on the flagship Altar copper-gold project in Argentina and general working capital, potentially accelerating project advancement and strengthening Aldebaran’s position in the copper-gold exploration sector.
The most recent analyst rating on (TSE:ALDE) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Aldebaran Resources Inc stock, see the TSE:ALDE Stock Forecast page.
Spark’s Take on TSE:ALDE Stock
According to Spark, TipRanks’ AI Analyst, TSE:ALDE is a Neutral.
The score is held back primarily by weak financial performance (no revenue, widening losses, ongoing cash burn and potential dilution risk). Offsetting this are supportive technicals (price above key moving averages with moderate positive momentum) and positive corporate catalysts from the Altar PEA and the Centauri spin-out/financing.
To see Spark’s full report on TSE:ALDE stock, click here.
More about Aldebaran Resources Inc
Aldebaran Resources Inc. is a Canadian mineral exploration company listed on the TSX Venture Exchange and OTCQX, focused on advancing its Altar copper-gold project in San Juan province, Argentina. The company operates in the mining and exploration industry, targeting large-scale copper-gold deposits that can progress toward development-stage studies such as prefeasibility assessments.
Average Trading Volume: 99,233
Technical Sentiment Signal: Buy
Current Market Cap: C$634.2M
For an in-depth examination of ALDE stock, go to TipRanks’ Overview page.