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An update from Rua Gold ( (TSE:RUA) ) is now available.
Rua Gold Inc. has granted 76,403 deferred share units to its non-executive directors at a deemed price of $1.29 per unit under its existing DSU plan, with the awards subject to a one-year vesting period and payable in common shares when directors leave the board. The move reinforces the alignment of director compensation with long-term shareholder value at a time when the company is consolidating its role as a dominant landholder and high-grade gold explorer in New Zealand’s historically productive Reefton and Hauraki districts.
The most recent analyst rating on (TSE:RUA) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Rua Gold stock, see the TSE:RUA Stock Forecast page.
Spark’s Take on TSE:RUA Stock
According to Spark, TipRanks’ AI Analyst, TSE:RUA is a Neutral.
Score is held back primarily by weak financial performance (pre-revenue, sharply widening losses, and significant cash burn despite low debt). Technicals are a meaningful positive with price above major moving averages and supportive momentum, while valuation remains difficult due to negative earnings and no dividend support. Corporate actions improve liquidity and execution capability but are secondary to the funding and commercialization risk.
To see Spark’s full report on TSE:RUA stock, click here.
More about Rua Gold
Rua Gold Inc. is a New Zealand-focused gold exploration company with two highly prospective high-grade projects split between the Reefton Gold District on the South Island and the Glamorgan Project in the Hauraki district on the North Island. As the dominant landholder in the historic Reefton Goldfield, which has produced more than 2 million ounces of high-grade gold, and with Glamorgan located near OceanaGold’s major Wharekirauponga mine in a region known for significant gold and silver output, Rua Gold is positioning itself as a leading high-grade gold explorer in the country.
Average Trading Volume: 235,709
Technical Sentiment Signal: Buy
Current Market Cap: C$102.8M
For a thorough assessment of RUA stock, go to TipRanks’ Stock Analysis page.