Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Ramelius Resources Limited ( (AU:RMS) ) has provided an announcement.
Ramelius Resources Limited is set to acquire all issued shares of Spartan Resources Limited through a scheme of arrangement, offering $0.25 cash and 0.6957 new Ramelius shares per Spartan share. The Supreme Court of Western Australia has approved the scheme, and Spartan shares will be suspended from trading on the ASX. Eligible Spartan shareholders will receive their consideration by July 31, 2025, while ineligible shareholders will receive cash proceeds from the sale of their entitled shares.
The most recent analyst rating on (AU:RMS) stock is a Buy with a A$3.55 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.
More about Ramelius Resources Limited
Average Trading Volume: 9,478,208
Technical Sentiment Signal: Buy
Current Market Cap: A$2.91B
For a thorough assessment of RMS stock, go to TipRanks’ Stock Analysis page.