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An update from Gold Road Resources Ltd ( (AU:GOR) ) is now available.
Gold Road Resources Ltd has announced that the Supreme Court of Western Australia has approved the acquisition of all its shares by Gruyere Holdings Pty Ltd, a subsidiary of Gold Fields Limited, through a scheme of arrangement. This acquisition will lead to the suspension of Gold Road’s shares from trading on the ASX, with key dates for the implementation of the scheme and related shareholder entitlements outlined, potentially impacting stakeholders and the company’s market presence.
The most recent analyst rating on (AU:GOR) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Gold Road Resources Ltd stock, see the AU:GOR Stock Forecast page.
More about Gold Road Resources Ltd
Gold Road Resources Ltd operates in the mining industry, focusing on gold exploration and production. The company is primarily involved in the development of the Gruyere Gold Project, located in Western Australia.
Average Trading Volume: 6,344,466
Technical Sentiment Signal: Buy
Current Market Cap: A$3.78B
See more insights into GOR stock on TipRanks’ Stock Analysis page.