Erdene Resources (TSE:ERD)
TSX:ERD
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ERD Stock Chart & Stats
C$9.11
C$0.02(3.39%)
At close: 4:00 PM EST
C$9.11
C$0.02(3.39%)
Day’s Range― - ―
52-Week RangeC$4.86 - C$10.95
Previous CloseN/A
Volume14.00K
Average Volume (3M)138.53K
Market Cap
C$444.37M
Enterprise ValueC$2.32B
Total Cash (Recent Filing)C$4.66M
Total Debt (Recent Filing)C$88.83K
Price to Earnings (P/E)―
Beta2.13
Next Earnings
May 19, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.05
Shares Outstanding69,980,210
10 Day Avg. Volume107,871
30 Day Avg. Volume138,529
Financial Highlights & Ratios
PEG Ratio-0.14
Price to Book (P/B)9.23
Price to Sales (P/S)0.00
P/FCF Ratio-112.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$14.40Price Target Upside58.07% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Low Leverage / Strong Balance SheetExtremely low leverage and a sizable equity base (~$54.5M vs ~$56.1M assets) provide a material liquidity buffer. This reduces near-term refinancing pressure, allowing continued exploration and technical work without immediate debt servicing and preserving strategic optionality during project development.
Strategic Asset Focus (Bayan Khundii)A defined primary asset in the Khundii Minerals District concentrates Erdene's value-creation pathway. District-scale prospectivity and a drill-defined project offer a structural runway for resource growth, partner interest or monetization as exploration advances over months.
Business Model Flexibility / Monetization OptionsThe company’s explicit model — pursue development or monetize via sales/JVs — provides strategic flexibility. Multiple exit pathways can reduce binary execution risk, enable partner-funded advancement, and allow staged capital deployment to de-risk projects before full-scale development.
Bears Say
No Revenue / Persistent Net LossesZero operating revenue and recurring net losses (~$8.2M in 2024 and 2025) mean Erdene is pre-revenue and cannot self-fund growth. Persistent unprofitable operations raise dilution risk from future financings and constrain long-term sustainability until production or a monetization event occurs.
Negative Operating Cash Flow / Cash BurnConsistently negative operating cash flow (≈-4.4M in 2025) and worsening free cash flow indicate structural cash burn. This raises ongoing funding needs, limits the pace and scale of exploration programs, and increases reliance on external capital markets or asset transactions to sustain operations.
Value Erosion Risk / Negative ROERecurring losses have produced negative returns on equity, creating a genuine value-erosion risk. If losses persist, the sizeable equity cushion can shrink, amplifying financing difficulty and potentially forcing asset-sales or dilutive financings before projects reach value-inflection milestones.
Erdene Resources News
ERD FAQ
What was Erdene Resources’s price range in the past 12 months?
Erdene Resources lowest stock price was C$4.86 and its highest was C$10.95 in the past 12 months.
What is Erdene Resources’s market cap?
Erdene Resources’s market cap is C$444.37M.
When is Erdene Resources’s upcoming earnings report date?
Erdene Resources’s upcoming earnings report date is May 19, 2026 which is in 22 days.
How were Erdene Resources’s earnings last quarter?
Erdene Resources released its earnings results on Mar 24, 2026. The company reported C$0.052 earnings per share for the quarter, beating the consensus estimate of N/A by C$0.052.
Is Erdene Resources overvalued?
According to Wall Street analysts Erdene Resources’s price is currently Undervalued.
Does Erdene Resources pay dividends?
Erdene Resources does not currently pay dividends.
What is Erdene Resources’s EPS estimate?
Erdene Resources’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Erdene Resources have?
Erdene Resources has 69,980,210 shares outstanding.
What happened to Erdene Resources’s price movement after its last earnings report?
Erdene Resources reported an EPS of C$0.052 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 4.793%.
Which hedge fund is a major shareholder of Erdene Resources?
Currently, no hedge funds are holding shares in TSE:ERD
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Erdene Resources Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
C$14.40 (58.07% Upside)
C$14.40 (58.07% Upside)
Insider Transactions
Bought Shares
Worth C$5.1M over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Positive
20 days / 200 days
Momentum
103.05%
12-Months-Change
Fundamentals
Return on Equity
-14.49%
Trailing 12-Months
Asset Growth
-11.01%
Trailing 12-Months
Company Description
Erdene Resources
Erdene Resource Development Corporation focuses on the acquisition, exploration, and development of precious and base mineral deposits in Mongolia. It explores for copper, molybdenum, gold, silver, lead, and zinc deposits. The company principally holds a 100% interest in the Bayan Khundii Gold Project comprising 2,309 hectares located in the Bayankhongor province in Mongolia; and the Altan Nar Gold-Polymetallic project located in located in the Bayankhongor Aimag. It also holds interests in three mining licenses and two exploration licenses located in southwest Mongolia. The company was formerly known as Erdene Gold Inc. and changed its name to Erdene Resource Development Corporation in May 2008. Erdene Resource Development Corporation was incorporated in 2000 and is headquartered in Dartmouth, Canada.
ERD Stock 12 Month Forecast
Average Price Target
C$14.40
▲(58.07% Upside)
Technical Analysis
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