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Macquarie Group Ceases Substantial Holding in St. George Mining

Story Highlights
  • Macquarie Group Limited has ceased to be a substantial holder in St. George Mining Ltd.
  • This change may affect St. George Mining’s shareholder structure and market dynamics.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Macquarie Group Ceases Substantial Holding in St. George Mining

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St. George Mining Ltd. ( (AU:SGQ) ) just unveiled an announcement.

St. George Mining Ltd. has announced that Macquarie Group Limited and its controlled entities have ceased to be substantial holders in the company. This change in substantial holding could impact the company’s shareholder structure and potentially influence its market dynamics, as Macquarie Group’s involvement may have previously provided strategic support or financial backing.

The most recent analyst rating on (AU:SGQ) stock is a Sell with a A$0.09 price target. To see the full list of analyst forecasts on St. George Mining Ltd. stock, see the AU:SGQ Stock Forecast page.

More about St. George Mining Ltd.

Average Trading Volume: 37,985,759

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$361.1M

Learn more about SGQ stock on TipRanks’ Stock Analysis page.

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