Erdene Resource Development (ERD.TO) Buy,…

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Erdene Resource Development (ERD.TO)

5.33

-0.15 (2.74%)

as of Jul 28, 2026, 1:50:50 pm Market Open.

12 watching

Investor Insights

Jul 26, 2026, 12:00 am

This summary was created by AI, based on 1 opinions in the last 12 months.

Erdene Resource Development, symbol ERD-T, is currently viewed with caution by experts, primarily due to its classification as owning Tier 2 deposits rather than Tier 1 deposits. This classification influences investors' perceptions and restricts buying recommendations to companies with more substantial reserves. Despite this hesitation, Mongolia is highlighted as an emerging market with potential, suggesting that there may be future growth opportunities for the company. Investors may consider the long-term prospects of Erdene in conjunction with the broader developments in the Mongolian mining industry, keeping in mind the transitional phase that the country is currently navigating. Overall, while there is no discouragement to invest, the specific tier of deposits held is a critical factor in decision-making.

Consensus

Cautious

Valuation

Fair Value

Similar

Semafo, SMF

WEAK BUY

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.

WATCH

The fact that TECK.B is a shareholder speaks well for it, and he should pay attention to that. Explores and develops copper and gold in Mongolia.

DON'T BUY

Attracted to it, but doesn't own or recommend. He rates it a 5, which is neutral. Gold and copper in Mongolia. Data doesn't justify labeling findings as "massive" discoveries.

COMMENT

This now has a project in Mongolia which has epithermal veins, which he loves. When you do find them and they carry great grades, it can grow really fast. This has a 50 g/meter width quite prominent with something like 16% which gets him excited. Still very early stage.

TOP PICK

Small coal play. In pre-feasibility with feasibility study due in the next few weeks. Partnered with Xstrata (Cape Breton met coal property). Beneficial because of location where shipping costs will be cheaper. Also have a moly and copper play in Africa that is attractive Lots of cash and supported by NAV.

DON'T BUY

Unfortunately, it is in Mongolia and their parliament passed an excess profits tax which made it unattractive for investors.

BUY

They are active in several concessions in Mongolia. Any one of their projects could be a major mine. Should do well over the long term.

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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 WEAK 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 Rick Rule on 2026-04-10. 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 2026-07-28, Erdene Resource Development (ERD.TO) stock closed at a price of $5.33.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

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Erdene Resource Development (ERD.TO)