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Royalty North ( (TSE:HCU) ) just unveiled an announcement.
Horizon Copper is urging its shareholders and warrantholders to vote ahead of the upcoming Special Meeting of Securityholders, where they will decide on a special resolution regarding an arrangement involving Horizon, Royal Gold, and International Royalty Corporation. This arrangement will see Royal Gold, through its subsidiary AcquireCo, acquire all issued and outstanding shares of Horizon, except those held by Sandstorm Gold Ltd., and all outstanding Horizon warrants. The transaction has received all necessary government approvals and is expected to close early in the fourth quarter of 2025, pending customary closing conditions and approvals. The Board of Directors of Horizon recommends voting in favor of the resolution.
The most recent analyst rating on (TSE:HCU) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Royalty North stock, see the TSE:HCU Stock Forecast page.
Spark’s Take on TSE:HCU Stock
According to Spark, TipRanks’ AI Analyst, TSE:HCU is a Neutral.
The overall score reflects significant financial challenges and valuation concerns, partially offset by positive corporate events and technical indicators. The financial instability and negative P/E ratio are major risks, while the strategic acquisition and drill results provide some optimism for future growth.
To see Spark’s full report on TSE:HCU stock, click here.
More about Royalty North
Horizon Copper is a premier copper company with a portfolio of significant copper assets, including a 1.66% net profits interest in the Antamina copper mine, a 24% equity ownership in Entrée Resources Ltd. providing exposure to the Oyu Tolgoi copper mine, and a 30% interest in the copper-gold Hod Maden project.
Average Trading Volume: 245,272
Technical Sentiment Signal: Buy
Current Market Cap: C$179.8M
See more data about HCU stock on TipRanks’ Stock Analysis page.