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O3 Mining rating changed to Tender from Outperformer at CIBC
The Fly

O3 Mining rating changed to Tender from Outperformer at CIBC

CIBC changed the firm’s rating on O3 Mining (OIIIF) to Tender from Outperformer with a price target of C$1.67, down from C$3.70. Agnico Eagle and O3 Mining announced that they have entered into a definitive agreement for Agnico Eagle to acquire all of the outstanding common shares of O3 Mining at C$1.67 per common share in cash. CIBC expects the deal to be approved and to go close in early 2025.

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