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An announcement from Sovereign Metals Limited ( (AU:SVM) ) is now available.
Sovereign Metals Limited has announced a change in the interests of a substantial holder, Sprott Inc., and its controlled entities. The voting power of Sprott Inc. in Sovereign Metals has decreased from 7.71% to 6.695%, following various on-market trades. This change reflects a shift in the investment strategy or portfolio management of Sprott Inc., impacting its influence over Sovereign Metals. Such changes in substantial holdings can affect the company’s shareholder dynamics and potentially influence its strategic decisions.
The most recent analyst rating on (AU:SVM) stock is a Buy with a A$65.00 price target. To see the full list of analyst forecasts on Sovereign Metals Limited stock, see the AU:SVM Stock Forecast page.
More about Sovereign Metals Limited
Average Trading Volume: 867,901
Technical Sentiment Signal: Hold
Current Market Cap: A$414M
For an in-depth examination of SVM stock, go to TipRanks’ Stock Analysis page.