(A Top Pick Mar 26/21, Up 180%) Second largest shareholder after Murray Edwards. Would buy again. Months away from starting a meaningful dividend. Expecting a 7-9% dividend yield. Expecting a double in share price.
They a 5-million ounce deposit, rare. A low-grade one in Ghana which scares some investors, and they don't have production financing in place, but will come. But he's bullish about Ghana where insurgency fears are way overblown.
He used to own this. He was interested in the West Africa play, but he was looking for a higher grade play instead. Right now West Africa is not a safe play geopolitically speaking. This is probably impacting the share price. Infrastructure constraints make it more expensive in their area as well -- power comes strictly from diesel.
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Cardinal Resources Limited(CDV-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Cardinal Resources Limited 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.

Cardinal Resources Limited(CDV-T) Frequently Asked Questions

What is Cardinal Resources Limited stock symbol?

Cardinal Resources Limited is a Canadian stock, trading under the symbol CDV-T on the Toronto Stock Exchange (CDV-CT). It is usually referred to as TSX:CDV or CDV-T

Is Cardinal Resources Limited a buy or a sell?

In the last year, 1 stock analyst published opinions about CDV-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Cardinal Resources Limited.

Is Cardinal Resources Limited a good investment or a top pick?

Cardinal Resources Limited was recommended as a Top Pick by on . Read the latest stock experts ratings for Cardinal Resources Limited.

Why is Cardinal Resources Limited 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 Cardinal Resources Limited worth watching?

In the last year, there was no coverage of Cardinal Resources Limited published on Stockchase.

What is Cardinal Resources Limited stock price?

On 2021-02-01, Cardinal Resources Limited (CDV-T) stock closed at a price of $1.04.