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Erdene Resources ( (TSE:ERD) ) has issued an announcement.
Erdene Resource Development has reported promising drill results from its wholly owned Khuvyn Khar copper-silver prospect in southwestern Mongolia, intersecting 65 metres grading 0.63% copper and 2.9 g/t silver, including a higher-grade zone of 30 metres at 1.25% copper and 6.1 g/t silver starting at 238 metres and remaining open at depth. The hole, located three kilometres from the Zuun Mod molybdenum-copper deposit, supports the interpretation that both belong to a large copper porphyry system extending over roughly 20 square kilometres, and the company plans further geophysical surveys and deeper drilling in 2026, alongside work feeding into a preliminary economic assessment for Zuun Mod, underscoring a broader strategy to build a multi-commodity metals hub around its Bayan Khundii gold mine in the Khundii Minerals District.
The most recent analyst rating on (TSE:ERD) stock is a Hold with a C$9.00 price target. To see the full list of analyst forecasts on Erdene Resources stock, see the TSE:ERD Stock Forecast page.
Spark’s Take on TSE:ERD Stock
According to Spark, TipRanks’ AI Analyst, TSE:ERD is a Neutral.
The score is held back primarily by weak financial performance: no revenue, widening losses, and continued negative operating/free cash flow despite a low-leverage balance sheet. Technicals provide a meaningful offset with price above key moving averages and positive MACD/RSI momentum. Valuation remains a risk signal because the negative P/E reflects ongoing losses and there is no dividend yield support.
To see Spark’s full report on TSE:ERD stock, click here.
More about Erdene Resources
Erdene Resource Development Corporation is a Canadian mineral exploration and development company focused on precious and base metals in Mongolia’s Khundii Minerals District. Its key assets include the producing Bayan Khundii gold mine and the Zuun Mod molybdenum-copper deposit, with exploration targets for copper, molybdenum, silver and gold positioned near major infrastructure and roughly 200 kilometres from the Chinese border, an important market for these commodities.
Average Trading Volume: 147,697
Technical Sentiment Signal: Buy
Current Market Cap: C$563.7M
For detailed information about ERD stock, go to TipRanks’ Stock Analysis page.