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The latest announcement is out from Gold Road Resources Ltd ( (AU:GOR) ).
Gold Road Resources Ltd has announced that its shareholders have approved a scheme of arrangement for the acquisition of 100% of its shares by Gruyere Holdings Pty Ltd, a subsidiary of Gold Fields Limited. With 99.16% of votes in favor, the scheme is set to proceed pending court approval and other conditions. If successful, the scheme will lead to the suspension of Gold Road shares from trading and the distribution of a special dividend to shareholders, marking a significant transition for the company.
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, which is a significant part of its operations.
YTD Price Performance: 67.32%
Average Trading Volume: 6,215,528
Technical Sentiment Signal: Buy
Current Market Cap: A$3.7B
Learn more about GOR stock on TipRanks’ Stock Analysis page.