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Genesis Land Dev ( (TSE:GDC) ) has provided an update.
Genesis Land Development Corp. has finalized an agreement to sell a combined 40% ownership stake in its Hazel residential project in Calgary to two Alberta-based home builders for $19.1 million. The Hazel development spans 160 acres and is projected to deliver approximately 1,200 homes upon completion. This move strengthens Genesis’ collaboration with local builders while facilitating timely residential lot development in a growing community, reflecting commitment to creating vibrant neighborhoods.
The most recent analyst rating on (TSE:GDC) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Genesis Land Dev stock, see the TSE:GDC Stock Forecast page.
Spark’s Take on TSE:GDC Stock
According to Spark, TipRanks’ AI Analyst, TSE:GDC is a Neutral.
Genesis Land Dev’s overall stock score is driven by strong financial performance and attractive valuation. However, technical analysis indicates bearish momentum, which could pose short-term challenges. The absence of recent earnings call insights and corporate events limits additional context.
To see Spark’s full report on TSE:GDC stock, click here.
More about Genesis Land Dev
Genesis Land Development Corp. is a Calgary-based land developer and residential home builder with its common shares listed on the TSX under the symbol GDC.
Average Trading Volume: 6,918
Technical Sentiment Signal: Buy
Current Market Cap: C$176.7M
Learn more about GDC stock on TipRanks’ Stock Analysis page.