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TSX takeover targets warm up

RBC Capital Markets analysts have picked some big takeover candidates among the pre-production companies it covers, with a hypothesis exploration companies are undervalued compared with last year.

Finance > M-a

TSX takeover targets warm up

RBC Capital Markets analysts have picked some big takeover candidates among the pre-production companies it covers, with a hypothesis exploration companies are undervalued compared with last year.

TSX takeover targets warm up

Is that a buyer? Work at Dalradian's Curraghinalt gold project could see it snapped up

Broken down to gold equivalent ounces, RBC said there has been an average takeover valuation of US$70 per ounce for exploration companies since 2012, with a high of $74/oz seen in August 2016.