Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from Robex Resources ( (TSE:RBX) ) is now available.
Robex Resources’ shareholders have overwhelmingly approved the company’s merger with Predictive Discovery Limited, with 94.54% of votes cast in favour of a statutory plan of arrangement under which Predictive will acquire all Robex shares. Subject to court, TSX Venture Exchange and regulatory approvals, the deal is expected to close in the first quarter of 2026, with Robex shareholders to receive 7.862 Predictive shares for each Robex share and hold about 46.5% of the enlarged group. The combined company will unite Robex’s Kiniero project and existing Nampala cash flow with Predictive’s Bankan project in Guinea, targeting more than 400,000 ounces of annual gold production by 2029, operational synergies from a clustered asset base, a stronger market profile potentially supporting index inclusion, and an experienced management team, positioning the group as a leading West African gold producer.
The most recent analyst rating on (TSE:RBX) stock is a Hold with a C$5.00 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’ overall stock score is primarily influenced by its mixed financial performance and technical analysis. The company faces significant profitability and cash flow challenges, which are critical concerns. However, the technical indicators suggest some positive short-term momentum. The valuation is a concern due to the negative P/E ratio and lack of dividend yield, which lowers its attractiveness. The absence of earnings call and corporate events data means these factors did not influence the score.
To see Spark’s full report on TSE:RBX stock, click here.
More about Robex Resources
Robex Resources Inc. is a West Africa-focused gold mining and development company listed on the ASX and TSX Venture Exchange, with key assets including the producing Nampala mine and the Kiniero gold project in Guinea. The company operates in the gold sector, targeting growth through project development and regional consolidation to build a multi-asset, mid-tier gold producer in West Africa.
Average Trading Volume: 76,176
Technical Sentiment Signal: Buy
Current Market Cap: C$1.31B
Find detailed analytics on RBX stock on TipRanks’ Stock Analysis page.