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Tesoro Gold ( (AU:TSO) ) has provided an announcement.
Tesoro Gold Limited has completed a consolidation of its share capital on a fifteen-for-one basis, as approved at a recent general meeting. This restructuring aims to streamline the company’s capital structure, with new holding statements dispatched to stakeholders. The consolidation is expected to impact trading temporarily, with deferred settlement under a new code before reverting to the original ASX code. This move is part of Tesoro’s broader strategy to enhance its market positioning and operational efficiency, potentially benefiting stakeholders by aligning with its strategic goals in the gold mining sector.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.32 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
More about Tesoro Gold
Tesoro Gold Limited is a company focused on gold exploration and mining, primarily operating in the Coastal Cordillera region of Chile. The company has discovered and defined the first Intrusive Related Gold System in Chile, with a significant discovery at the Ternera site. Tesoro’s strategy includes securing rights to the district-scale El Zorro gold project, leveraging its in-country network and experience. The region is known for its world-class copper and gold mines, supported by established infrastructure and a skilled mining workforce.
Average Trading Volume: 443,057
Technical Sentiment Signal: Buy
Current Market Cap: A$198.7M
For an in-depth examination of TSO stock, go to TipRanks’ Overview page.