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An announcement from Beacon Minerals ( (AU:BCN) ) is now available.
Beacon Minerals Limited has announced the cancellation of its on-market share buy-back program due to a period of strong share price performance, rendering the buy-back unnecessary. The funds initially allocated for the buy-back will be redirected to support the company’s ongoing operational and growth initiatives, highlighting the company’s strategic focus on enhancing its business operations.
The most recent analyst rating on (AU:BCN) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Beacon Minerals stock, see the AU:BCN Stock Forecast page.
More about Beacon Minerals
Beacon Minerals Limited is a company operating in the mining industry, focusing on mineral exploration and production. The company is involved in the extraction and processing of minerals, with a market focus on enhancing operational capabilities and growth initiatives.
Average Trading Volume: 114,770
Technical Sentiment Signal: Buy
Current Market Cap: A$327.8M
For an in-depth examination of BCN stock, go to TipRanks’ Overview page.