Canaccord analyst Tim McCormack downgraded Gold Road Resources (ELKMF) to Hold from Buy with a price target of A$3.40, down from A$3.45, as Gold Fields (GFI) has agreed to acquire 100% of Gold Road by way of a scheme of arrangement for A$3.40 per share in cash.
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Read More on ELKMF:
- Gold Road Resources to be Acquired by Gold Fields in A$3.7 Billion Deal
- Gold Road Resources Initiates Trading Halt Amidst Speculation
- Gold Road Resources Schedules March 2025 Quarterly Results Release
- Gold Road Resources Launches Major Drilling Program at Gilmour Project
- Gold Road Resources Ltd Announces Change in Substantial Holder Interests
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