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Macquarie Group Limited ( (AU:MQG) ) has shared an update.
Macquarie Group Limited and its controlled entities have lodged a formal notice that they have ceased to be a substantial holder in Pantoro Gold Limited, indicating that their relevant voting interest in the ASX-listed gold company has fallen below the substantial holding threshold. The filing, signed by Assistant Company Secretary Olivia Shepherd and supported by an extensive list of Macquarie-controlled entities, signals a material reduction or exit of Macquarie’s position in Pantoro, which may alter the miner’s share register dynamics and reduce Macquarie’s influence over corporate decisions, with potential implications for both Pantoro’s investor base and Macquarie’s portfolio allocation in the resources sector.
The most recent analyst rating on (AU:MQG) stock is a Buy with a A$235.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.
More about Macquarie Group Limited
Macquarie Group Limited is a diversified global financial services provider headquartered in Sydney, Australia, operating through entities including Macquarie Bank and various investment management and specialist finance subsidiaries. The group is active across banking, asset management, infrastructure and renewable energy investment, and capital markets, providing financing, advisory and investment solutions to institutional, corporate and retail clients worldwide.
Average Trading Volume: 702,917
Technical Sentiment Signal: Buy
Current Market Cap: A$75.65B
For an in-depth examination of MQG stock, go to TipRanks’ Overview page.