Advertisement
Advertisement

Horizon Copper’s Arrangement with Royal Gold Gains Proxy Support

Story Highlights
Horizon Copper’s Arrangement with Royal Gold Gains Proxy Support

Meet Your ETF AI Analyst

The latest update is out from Royalty North ( (TSE:HCU) ).

Horizon Copper Corp. has announced that leading independent proxy advisory firms, including Institutional Shareholder Services Inc., have recommended that its securityholders vote in favor of a proposed arrangement with Royal Gold, Inc. This arrangement offers a significant 72.4% premium to Horizon’s share price on the unaffected date, providing immediate value to shareholders. The Board of Directors of Horizon unanimously supports the resolution, which will be voted on at a special meeting scheduled for October 9, 2025.

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

Horizon Copper is a premier copper company with a diverse portfolio of copper assets, including a 1.66% net profits interest in the Antamina copper mine, a 24% equity ownership in Entrée Resources Ltd. for exposure to the Oyu Tolgoi copper mine, and a 30% interest in the copper-gold Hod Maden project.

Average Trading Volume: 241,173

Technical Sentiment Signal: Buy

Current Market Cap: C$178M

For detailed information about HCU stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1