Fission Uranium Awaits Court Decision on Acquisition by Paladin Energy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 27 2024
0mins
Source: Benzinga
Fission Uranium Acquisition Hearing: Fission Uranium has completed a Supreme Court hearing regarding its acquisition by Paladin Energy, with a decision expected soon. The acquisition is opposed by CGN Mining, which holds an 11.26% stake in Fission, despite shareholder approval.
Market Impact and Future Projections: If successful, the merger will create a significant uranium company with a market cap of $3.5 billion, addressing the projected supply-demand gap in the uranium market, which could exceed 400 million pounds by 2034 due to underinvestment in mining operations.
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Analyst Views on IAG
Wall Street analysts forecast IAG stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for IAG is 17.83 USD with a low forecast of 15.00 USD and a high forecast of 21.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 20.880
Low
15.00
Averages
17.83
High
21.00
Current: 20.880
Low
15.00
Averages
17.83
High
21.00
About IAG
IAMGOLD Corporation is a Canada-based intermediate gold producer and developer. The Company operates mines in North America and West Africa, including Cote Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). The Essakane Gold Mine, located in northeastern Burkina Faso. The Westwood Gold Complex, located in Quebec, Canada, includes the Westwood underground mine and the Grand Duc open pit, collectively known as the Westwood Complex. The Cote Gold Mine, located in northeastern Ontario, is an open-pit gold mining operation. It owns a 100% interest in the Nelligan Gold Project, located 60Km southwest of Chibougamau. The Company holds the Muus Project, which covers approximately 25,250 hectares in the northeastern part of the Abitibi Greenstone Belt. The Company holds a 100% interest in the Monster Lake Gold Project, which is located north of Nelligan in the Chapais Chibougamau area in Quebec. The Company also holds Philibert, Chevrier and Croteau projects.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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