Erdene Resources (TSE:ERD)
TSX:ERD
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$3.96 - C$10.95
Previous CloseN/A
Volume14.00K
Average Volume (3M)138.53K
Market Cap
C$437.38M
Enterprise ValueC$2.29B
Total Cash (Recent Filing)C$4.66M
Total Debt (Recent Filing)C$88.83K
Price to Earnings (P/E)―
Beta2.08
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 And Sizable EquityVery low debt and substantial equity provide durable financial flexibility for an exploration developer: it reduces near-term refinancing risk, supports continued funding of exploration and technical studies, and creates optionality for joint-ventures or staged project funding without immediate creditor pressure.
Defined Exploration-to-monetization Business ModelA clear, repeatable value-creation pathway (resource definition → studies/permitting → JV/sale/development) is structurally favorable for juniors: it aligns management incentives, attracts partner funding for de-risking, and offers multiple durable exit routes that can crystallize project value over months to years.
Concentrated Gold-focused Mongolian Land PackageA concentrated gold portfolio in an underexplored mining jurisdiction can yield high structural upside: gold exposure benefits from persistent long-term investor demand, and concentrated project focus allows efficient allocation of exploration capital to depth-test high-potential targets and progress permitting and studies.
Bears Say
No Revenue And Recurring Net LossesAbsence of operating revenue and repeated annual losses (~8.2M in recent years) are structural weaknesses for an exploration company: ongoing losses erode equity cushions, lengthen the timeline to self-sufficiency, and leave the company dependent on external capital to sustain project advancement.
Persistent Negative Operating And Free Cash FlowConsistent operating cash burn creates a durable funding need: reliance on external financing or asset dispositions increases dilution and execution risk, can delay technical studies and permitting, and constrains ability to react to opportunities or fund development without partner commitments.
Volatile Results And Value-erosion RiskEarnings volatility and negative returns on equity undermine predictability and long-term stakeholder confidence: irregular results driven by non-operating items make it harder to gauge project economics, complicate JV negotiations, and increase the chance that continued losses will materially diminish shareholder equity.
Erdene Resources News
ERD FAQ
What was Erdene Resources’s price range in the past 12 months?
Erdene Resources lowest stock price was C$3.96 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$437.38M.
When is Erdene Resources’s upcoming earnings report date?
Erdene Resources’s upcoming earnings report date is May 19, 2026 which is in 48 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
1
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9
10
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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