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An announcement from Robex Resources ( (TSE:RBX) ) is now available.
Predictive Discovery Limited and Robex Resources Inc. have announced a merger to form a mid-tier gold producer in West Africa, combining two major projects with expected production exceeding 400,000 ounces annually by 2029. This merger aims to enhance economic growth in Guinea, strengthen local infrastructure, and improve the capital markets profile of the combined company, with an estimated market capitalization of A$2,350 million.
The most recent analyst rating on (TSE:RBX) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Robex Resources stock, see the TSE:RBX Stock Forecast page.
Spark’s Take on TSE:RBX Stock
According to Spark, TipRanks’ AI Analyst, TSE:RBX is a Neutral.
Robex Resources faces significant challenges in profitability and cash flow, which are reflected in its negative P/E ratio and low financial performance score. Technical indicators suggest neutral momentum, but the lack of earnings call data and corporate events limits further insights. The stock’s valuation remains unattractive due to ongoing financial difficulties.
To see Spark’s full report on TSE:RBX stock, click here.
More about Robex Resources
Robex Resources Inc. is a company involved in the gold mining industry, focusing on low-cost and advanced gold production projects in West Africa. The company is known for its Kiniero project in Guinea, which plays a significant role in its operations.
Average Trading Volume: 49,157
Technical Sentiment Signal: Buy
Current Market Cap: C$781.1M
See more data about RBX stock on TipRanks’ Stock Analysis page.