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TSX:ALTA 16 December 2025

Fortescue Ltd (ASX: FMG) Stock in Focus on 16 December 2025: Alta Copper Deal, Share Price Drivers, Analyst Forecasts and What’s Next

Fortescue Ltd (ASX: FMG) Stock in Focus on 16 December 2025: Alta Copper Deal, Share Price Drivers, Analyst Forecasts and What’s Next

Fortescue Ltd agreed to buy the remaining 64% of Alta Copper Corp for C$1.40 per share, valuing Alta at about C$139 million. The deal gives Fortescue full control of the Cañariaco copper project in Peru. Fortescue shares fell 0.8% in early trading on December 16, 2025, after the announcement. The transaction is expected to close in the March quarter of 2026, pending approvals.
16 December 2025
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Stock Market Today

  • AI Boom Spurs Demand for TSX Data Centre Stocks Stantec and Kneat.com
    June 5, 2026, 10:37 PM EDT. The AI boom is driving demand not just for chipmakers and software, but for physical infrastructure like data centres. On the Toronto Stock Exchange, Stantec (TSX:STN) offers engineering and consulting services vital to data-centre projects, reporting a 9.1% revenue increase to $1.7 billion in Q1 2026 and a record $9 billion backlog. This diversified growth reduces risk amid economic uncertainties. Meanwhile, Kneat.com (TSX:KSI) provides cloud-based software for regulated industries to digitize and automate compliance, benefitting from AI-driven shifts to digital workflows. Its Q1 revenue rose 22% year-over-year to $18 million, highlighting steady growth potential. These TSX stocks offer investors exposure to the underappreciated backbone of AI expansion beyond traditional tech plays.

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