Granite Ridge Resources, Inc. (GRNT) has disclosed a new risk, in the Capital Markets category.
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Granite Ridge Resources, Inc. faces significant business risks due to the volatile nature of U.S. and foreign trade policies, particularly with the imposition of tariffs on imported goods. The uncertainty surrounding trade relations, exacerbated by recent U.S. government actions such as the 10% universal tariff on imports, poses a threat to the company’s operations. These tariffs could lead to increased operating and capital costs, potentially impacting the company’s financial performance. If Granite Ridge Resources, Inc. cannot effectively mitigate these increased costs, it may experience adverse effects on its business and operational results.
The average GRNT stock price target is $6.77, implying 29.45% upside potential.
To learn more about Granite Ridge Resources, Inc.’s risk factors, click here.