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Develop Global Limited ( (AU:DVP) ) just unveiled an announcement.
Develop Global Limited has successfully raised $180 million through an institutional placement to accelerate its growth strategy. The funds will be used to advance the development of the Sulphur Springs and Woodlawn projects, extend mine lives, and explore new partnership opportunities. This strategic move positions Develop to capitalize on the increasing global demand for copper and zinc, potentially enhancing shareholder value and strengthening its market position.
The most recent analyst rating on (AU:DVP) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.
More about Develop Global Limited
Develop Global Limited is a company operating in the mining industry, focusing on the exploration and development of copper and zinc projects. The company is engaged in projects like the Sulphur Springs zinc-copper project and the Woodlawn copper-zinc mine, with a market focus on expanding production and securing partnerships in the base metals sector.
Average Trading Volume: 1,386,529
Technical Sentiment Signal: Buy
Current Market Cap: A$1.4B
For a thorough assessment of DVP stock, go to TipRanks’ Stock Analysis page.