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Franklin Resources Acquires Substantial Stake in Ausgold Limited

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Franklin Resources Acquires Substantial Stake in Ausgold Limited

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The latest announcement is out from Ausgold Limited ( (AU:AUC) ).

Franklin Resources, Inc. and its affiliates have become substantial holders in Ausgold Limited, acquiring a 5.43% voting power through ordinary shares. This acquisition signifies a notable investment in Ausgold Limited, potentially impacting the company’s market position and signaling confidence in its future prospects.

The most recent analyst rating on (AU:AUC) stock is a Buy with a A$1.60 price target. To see the full list of analyst forecasts on Ausgold Limited stock, see the AU:AUC Stock Forecast page.

More about Ausgold Limited

YTD Price Performance: 36.90%

Average Trading Volume: 854,317

Technical Sentiment Signal: Buy

Current Market Cap: A$238.8M

See more data about AUC stock on TipRanks’ Stock Analysis page.

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