National Bank moves O3 Mining (OIIIF) to Tender Rating from Outperform with a price target of C$1.67, down from C$2.40 after last month’s announcement that Agnico Eagle (AEM) is acquiring the company in an all-cash offer of C$204M on a fully diluted basis or C$1.67 per share.
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Read More on AEM:
- Agnico Eagle price target raised to $88 from $85 at Jefferies
- White Gold files technical report to update MRE at White Gold Project
- Agnico Eagle Acquires Significant Stake in ONGold Resources
- Agnico Eagle to Acquire O3 Mining in Strategic Deal
- White Gold closes $5M tranche of upsized private placement