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Candente Copper ( (TSE:ATCU) ) has shared an update.
Alta Copper Corp. reported that Fortescue Ltd.’s wholly owned subsidiary Nascent Exploration has been notified by Canada’s Director of Investments that the federal minister responsible for the Investment Canada Act needs more time to decide whether to initiate a national security review of Fortescue’s planned acquisition of all Alta Copper shares it does not already own. While no national security review has been ordered at this stage, the minister has until March 5, 2026 to determine whether to proceed, and, if no review is launched and remaining conditions are satisfied or waived, the transaction is expected to close in March 2026, leaving the timing and certainty of the takeover as a key focus for Alta Copper shareholders and other stakeholders.
The most recent analyst rating on (TSE:ATCU) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Candente Copper stock, see the TSE:ATCU Stock Forecast page.
Spark’s Take on TSE:ATCU Stock
According to Spark, TipRanks’ AI Analyst, TSE:ATCU is a Neutral.
The score is held back primarily by pre-revenue operations with ongoing losses and increasing cash burn, partially offset by a conservatively levered balance sheet. Technically, momentum is positive with price above major moving averages, but overbought indicators raise near-term risk. Valuation signals are limited because the company is loss-making and no dividend yield is provided.
To see Spark’s full report on TSE:ATCU stock, click here.
More about Candente Copper
Alta Copper Corp. is a mining company focused on developing its 100%-owned Cañariaco advanced-stage copper project in northern Peru. The project spans 91 square kilometres in a prolific mining district northeast of Chiclayo and includes the Cañariaco Norte and Cañariaco Sur deposits and the Quebrada Verde prospect along a four-kilometre trend, making Cañariaco one of the largest copper deposits in the Americas not controlled by a major mining company.
Average Trading Volume: 94,754
Technical Sentiment Signal: Buy
Current Market Cap: C$129.9M
See more insights into ATCU stock on TipRanks’ Stock Analysis page.