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Daily Stock Opinions and Ratings
Stockchase Opinions

Rick RuleErdene Resource DevelopmentERD.TODON'T BUYSep 07, 2023

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.

Rick RuleRick Rule
No
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$0.34

Stock price when the opinion was issued

$5.59

As of Jun 16, 2026. Market Open.

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WEAK BUY

Erdene Resource Development(ERD.TO)

Apr 10, 2026

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. 

Photo of Rick RuleRick Rule
No
Unlock Rating
$6.65

Stock price when the opinion was issued

$5.59

As of Jun 16, 2026. Market Open.

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WATCH

Erdene Resource Development(ERD.TO)

Mar 14, 2025

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.

Photo of Rick RuleRick Rule
No
Unlock Rating
$0.85

Stock price when the opinion was issued

$5.59

As of Jun 16, 2026. Market Open.

precious metals
COMMENT

Erdene Resource Development(ERD.TO)

Mar 07, 2017

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.

Photo of Robert Cohen B.A.Sc., MBA, CFARobert Cohen B.A.Sc., MBA, CFAUnlock Rating
$0.84

Stock price when the opinion was issued

$5.59

As of Jun 16, 2026. Market Open.

precious metals
TOP PICK

Erdene Resource Development(ERD.TO)

Dec 06, 2010
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.
Photo of David Taylor, MBA, CFADavid Taylor, MBA, CFA
Owned
Unlock Rating
$1.20

Stock price when the opinion was issued

$5.59

As of Jun 16, 2026. Market Open.

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DON'T BUY

Erdene Resource Development(ERD.TO)

Jun 13, 2006
Unfortunately, it is in Mongolia and their parliament passed an excess profits tax which made it unattractive for investors.
Photo of John EmbryJohn EmbryUnlock Rating
$0.91

Stock price when the opinion was issued

$5.59

As of Jun 16, 2026. Market Open.

precious metals
BUY

Erdene Resource Development(ERD.TO)

Jan 11, 2006
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.
Photo of Robert Cohen B.A.Sc., MBA, CFARobert Cohen B.A.Sc., MBA, CFA
Owned
Unlock Rating
$1.00

Stock price when the opinion was issued

$5.59

As of Jun 16, 2026. Market Open.

precious metals

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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.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at: [email protected].

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