Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
The latest announcement is out from Perseus Mining ( (AU:PRU) ).
Predictive Discovery Limited (PDI) has announced an amended arrangement agreement with Robex Resources Inc., under which PDI will acquire all outstanding shares of Robex in exchange for PDI shares. This merger will result in PDI and Robex shareholders owning 53.5% and 46.5% of the combined company, respectively. The merger is expected to create one of West Africa’s leading gold producers, enhancing scale, access to capital, and strategic relevance. The combined company is projected to produce over 400,000 ounces of gold annually by 2029, with significant mineral resources and ore reserves, positioning it for potential inclusion in major market indices.
The most recent analyst rating on (AU:PRU) stock is a Buy with a A$6.65 price target. To see the full list of analyst forecasts on Perseus Mining stock, see the AU:PRU Stock Forecast page.
More about Perseus Mining
Average Trading Volume: 5,603,402
Technical Sentiment Signal: Buy
Current Market Cap: A$7.16B
Learn more about PRU stock on TipRanks’ Stock Analysis page.