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TSE:ERD
Erdene Resource Development (ERD.TO)
Financials 
Technical Analysis 
Jun 16, 2026, 12:00 amThis summary was created by AI, based on 1 opinions in the last 12 months.
Erdene Resource Development, traded under the symbol ERD-T, appears to have potential in the burgeoning Mongolian mining sector. Experts suggest that while the stock is not discouraging for investment, it currently does not meet the criteria for Tier 1 deposits, which are considered top-tier in terms of development and profitability. Instead, the company is categorized as owning Tier 2 deposits. This classification indicates that while the investment may be seen as a risk, there is still upside potential given Mongolia's growing reputation as a resource-rich country. Investors may want to keep a close eye on the developments within Mongolia's mining landscape before making significant commitments to ERD-T.
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Erdene Resource Development (ERD.TO) Frequently Asked Questions
What is Erdene Resource Development stock symbol?
Erdene Resource Development is a Canadian stock, trading under the symbol ERD.TO (previously ERD-T on Stockchase) on the Toronto Stock Exchange (ERD-CT). It is usually referred to as TSX:ERD or ERD.TO
Is Erdene Resource Development a buy or a sell?
In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on ERD.TO (previously ERD-T on Stockchase). 1 analyst recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is BUY. Read the latest stock experts' ratings for Erdene Resource Development.
Is Erdene Resource Development a good investment or a top pick?
Erdene Resource Development was recommended as a Top Pick by Robert Cohen B.A.Sc., MBA, CFA on 2006-01-11. Read the latest stock experts ratings for Erdene Resource Development.
Why is Erdene Resource Development stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Erdene Resource Development.
Is Erdene Resource Development worth watching?
Erdene Resource Development is followed by 12 investors on Stockchase and is a trending stock that is worth watching.
What is Erdene Resource Development stock price?
On 2026-06-16, Erdene Resource Development (ERD.TO) stock closed at a price of $5.59.
Doesn’t discourage buying, but he’s restricting himself to buying companies that control, or will come to control, Tier 1 deposits. This name owns Tier 2. Mongolia is an up-and-coming country.