Scotiabank downgraded MAC Copper (MTAL) to Sector Perform from Outperform with a $13 price target after MAC Copper entered into a binding scheme implementation deed with Harmony Gold Mining Company (HMY) and Harmony Gold Australia, a wholly owned subsidiary of Harmony, under which it is proposed that Harmony Australia will acquire 100% of the issued share capital in MAC.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTAL: