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An announcement from Ausgold Limited ( (AU:AUC) ) is now available.
Franklin Resources, Inc. and its affiliates have notified Ausgold Limited that they have ceased to be a substantial holder in the company, lodging a Form 605 after a change in their relevant interest in Ausgold’s ordinary shares. While their absolute shareholding increased from 22.57 million to 25.13 million shares, their voting power fell below the substantial holding threshold, dropping from 5.43% to 4.94% as Ausgold’s total shares on issue rose, signalling a dilution of their relative influence on corporate decisions and a shift in the company’s shareholder landscape that may be closely watched by other investors.
The most recent analyst rating on (AU:AUC) stock is a Buy with a A$1.70 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
Ausgold Limited is an Australian-listed company; the filing does not specify its industry, projects or market focus.
YTD Price Performance: 176.19%
Average Trading Volume: 1,001,221
Technical Sentiment Signal: Buy
Current Market Cap: A$590M
For an in-depth examination of AUC stock, go to TipRanks’ Overview page.