Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Gold Road Resources Ltd ( (AU:GOR) ) just unveiled an announcement.
Gold Road Resources Ltd has announced that its scheme of arrangement for the acquisition by Gruyere Holdings Pty Ltd, owned by Gold Fields Limited, has been approved by the Supreme Court of Western Australia. As a result, Gold Road shares will be suspended from trading, and shareholders will receive a special dividend and scheme consideration. This acquisition marks a significant transition for Gold Road, potentially enhancing its market positioning and providing value to its shareholders.
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 is a company operating in the mining industry, primarily focused on gold exploration and production. The company is known for its involvement in the Gruyere Gold Project, a significant gold mining operation in Western Australia.
Average Trading Volume: 6,344,466
Technical Sentiment Signal: Buy
Current Market Cap: A$3.78B
See more data about GOR stock on TipRanks’ Stock Analysis page.