TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Royalty North ( (TSE:HCU) ) has issued an update.
Horizon Copper Corp. has completed a plan of arrangement with Royal Gold, Inc., resulting in Royal Gold acquiring all issued and outstanding shares and warrants of Horizon Copper, except those held by Sandstorm Gold Ltd. Shareholders and warrantholders are entitled to receive C$2.00 per share or warrant, minus applicable exercise prices. The Horizon shares will be delisted from the TSX Venture Exchange, and the company will apply to cease being a reporting issuer in Canada.
The most recent analyst rating on (TSE:HCU) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Royalty North stock, see the TSE:HCU Stock Forecast page.
Spark’s Take on TSE:HCU Stock
According to Spark, TipRanks’ AI Analyst, TSE:HCU is a Neutral.
The overall score reflects significant financial challenges and valuation concerns, partially offset by positive corporate events and technical indicators. The financial instability and negative P/E ratio are major risks, while the strategic acquisition and drill results provide some optimism for future growth.
To see Spark’s full report on TSE:HCU stock, click here.
More about Royalty North
Average Trading Volume: 129,763
Technical Sentiment Signal: Buy
Current Market Cap: C$179.8M
For an in-depth examination of HCU stock, go to TipRanks’ Overview page.