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Genesis Minerals Limited ( (AU:GMD) ) has issued an update.
BlackRock Group, including BlackRock Inc. and its relevant subsidiaries, has lodged a statutory Form 605 notice indicating it has ceased to be a substantial shareholder in Genesis Minerals Limited. The filing, made under section 671B of the Corporations Act 2001 and signed by an authorised signatory of BlackRock Investment Management (Australia) Limited, records that BlackRock’s relevant interest in Genesis’s voting securities has fallen below the substantial holding threshold, signalling a reduction in major institutional ownership on the company’s share register.
The most recent analyst rating on (AU:GMD) stock is a Buy with a A$8.40 price target. To see the full list of analyst forecasts on Genesis Minerals Limited stock, see the AU:GMD Stock Forecast page.
More about Genesis Minerals Limited
Genesis Minerals Limited is an Australian-listed resources company focused on mineral exploration and development, operating within the mining sector. The company’s shares are traded on the ASX, and its register includes large global institutional investors among its substantial shareholders.
Average Trading Volume: 5,071,828
Technical Sentiment Signal: Buy
Current Market Cap: A$8.22B
See more insights into GMD stock on TipRanks’ Stock Analysis page.