TSE:ERD

0.91
0.06 (7.06%) 1d
0

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Investor Insights

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

Erdene Resource Development Corporation, trading under the symbol ERD-T, is involved in the exploration and development of copper and gold resources in Mongolia. The positive aspect of being a shareholder of TECK.B suggests a level of confidence and credibility in the company's prospects and operations. Experts highlight the strategic importance of mining ventures in regions like Mongolia, especially given the demand for copper and gold in today's market. The company’s focus on these valuable commodities positions it well in the resource sector, particularly as global markets continue to seek sustainable and efficient mining practices. As Erdene progresses with its exploration activities, it remains essential to monitor the developments and overall performance in order to assess its potential growth and market influence.

Consensus
Positive
Valuation
Fair Value
Similar
GCM.T
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-T) Rating

Ranking : 1 out of 5

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Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Erdene Resource Development is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Erdene Resource Development(ERD-T) Frequently Asked Questions

What is Erdene Resource Development stock symbol?

Erdene Resource Development is a Canadian stock, trading under the symbol ERD-T on the Toronto Stock Exchange (ERD-CT). It is usually referred to as TSX:ERD or ERD-T

Is Erdene Resource Development a buy or a sell?

In the last year, there was no coverage of Erdene Resource Development published on Stockchase.

Is Erdene Resource Development a good investment or a top pick?

Erdene Resource Development was recommended as a Top Pick by on . 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 help on deciding if you should buy, sell or hold the stock.

Is Erdene Resource Development worth watching?

0 stock analysts on Stockchase covered Erdene Resource Development In the last year. It is a trending stock that is worth watching.

What is Erdene Resource Development stock price?

On 2025-04-17, Erdene Resource Development (ERD-T) stock closed at a price of $0.91.