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Mandalay Resources ( (TSE:MND) ) just unveiled an announcement.
Alkane Resources Limited and Mandalay Resources Corporation have successfully completed their merger, resulting in a dual-listed gold and antimony producer on the ASX and TSX. This merger is expected to enhance the company’s growth potential, with a strengthened corporate platform and increased production capacity, positioning it for a market re-rating and sustainable growth.
The most recent analyst rating on (TSE:MND) stock is a Buy with a C$4.50 price target. To see the full list of analyst forecasts on Mandalay Resources stock, see the TSE:MND Stock Forecast page.
Spark’s Take on TSE:MND Stock
According to Spark, TipRanks’ AI Analyst, TSE:MND is a Outperform.
Mandalay Resources scores highly due to its strong financial performance and promising corporate events, such as significant gold discoveries and a strategic merger. While the technical analysis is neutral, the attractive valuation further supports the investment potential.
To see Spark’s full report on TSE:MND stock, click here.
More about Mandalay Resources
Mandalay Resources Corporation is a mining company focused on producing gold and antimony. It operates in prominent mining regions such as Victoria and New South Wales in Australia, and Skelleftea in Sweden.
Average Trading Volume: 147,566
Technical Sentiment Signal: Buy
Current Market Cap: C$453.4M
For detailed information about MND stock, go to TipRanks’ Stock Analysis page.