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Africa Oil Corp (TSE:MER)
:MER
Canadian Market
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Africa Oil (MER) Stock Forecast & Price Target

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MER Analyst Ratings

Currently, no data available
Based on NaN analysts giving stock ratings to
Africa
Oil
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

MER Stock 12 Month Forecast

There Are No Analyst Ratings for TSE:MER In The Last 3 Months.
Highest Price TargetAverage Price TargetLowest Price Target
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

MER Financial Forecast

MER Earnings Forecast

Next quarter’s earnings estimate for MER is C$0.05 with a range of C$0.05 to C$0.05. The previous quarter’s EPS was C$0.00. MER beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 52.17% of the time in the same period. In the last calendar year MER has Preformed in-line its overall industry.
Next quarter’s earnings estimate for MER is C$0.05 with a range of C$0.05 to C$0.05. The previous quarter’s EPS was C$0.00. MER beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 52.17% of the time in the same period. In the last calendar year MER has Preformed in-line its overall industry.

MER Sales Forecast

Next quarter’s sales forecast for MER is C$230.68M with a range of C$213.09M to C$248.27M. The previous quarter’s sales results were C$95.90M. MER beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 53.02% of the time in the same period. In the last calendar year MER has Preformed in-line its overall industry.
Next quarter’s sales forecast for MER is C$230.68M with a range of C$213.09M to C$248.27M. The previous quarter’s sales results were C$95.90M. MER beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 53.02% of the time in the same period. In the last calendar year MER has Preformed in-line its overall industry.

Detailed List of Analyst Forecasts​

Detailed List of Analyst Forecasts​
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
TR | OpenAI - 4o Analyst forecast on TSE:MER
TR | OpenAI - 4o
TR | OpenAI - 4o
Hold
Upgraded
05/04/25
AI Generated ArticleAI Generated Article
Scotiabank Analyst forecast on TSE:MER
Scotiabank
Scotiabank
C$2.75C$2.5
Buy
45.35%
Upside
Reiterated
04/11/25
Africa Oil price target lowered to C$2.50 from C$2.75 at ScotiabankAfrica Oil price target lowered to C$2.50 from C$2.75 at Scotiabank
Stifel Nicolaus Analyst forecast on TSE:MER
Stifel Nicolaus
Stifel Nicolaus
C$3.2
Buy
86.05%
Upside
Reiterated
02/28/25
Africa Oil: Strong Financial Performance and Growth Potential Justify Buy Rating
Ranks
Any
Any
Analyst Rating
Any
Any
Upside/ Downside
Any
Any
Action
Any
Any
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
TR | OpenAI - 4o Analyst forecast on TSE:MER
TR | OpenAI - 4o
TR | OpenAI - 4o
Hold
Upgraded
05/04/25
AI Generated ArticleAI Generated Article
Scotiabank Analyst forecast on TSE:MER
Scotiabank
Scotiabank
C$2.75C$2.5
Buy
45.35%
Upside
Reiterated
04/11/25
Africa Oil price target lowered to C$2.50 from C$2.75 at ScotiabankAfrica Oil price target lowered to C$2.50 from C$2.75 at Scotiabank
Stifel Nicolaus Analyst forecast on TSE:MER
Stifel Nicolaus
Stifel Nicolaus
C$3.2
Buy
86.05%
Upside
Reiterated
02/28/25
Africa Oil: Strong Financial Performance and Growth Potential Justify Buy Rating
Stocks with the Highest Top Analyst Consensus in the Energy Sector
Find stocks in the Energy sector that are highly recommended by Top Performing Analysts.

Best Analysts Covering Africa Oil

1 Month
xxx
Success Rate
6/17 ratings generated profit
35%
Average Return
-3.02%
reiterated a xxx
rating 7 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 35.29% of your transactions generating a profit, with an average return of -3.02% per trade.
3 Months
xxx
Success Rate
7/17 ratings generated profit
41%
Average Return
-4.16%
reiterated a xxx
rating 7 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 41.18% of your transactions generating a profit, with an average return of -4.16% per trade.
1 Year
Kevin FiskScotiabank
Success Rate
2/17 ratings generated profit
12%
Average Return
-18.52%
reiterated a buy rating 7 months ago
Copying Kevin Fisk's trades and holding each position for 1 Year would result in 11.76% of your transactions generating a profit, with an average return of -18.52% per trade.
2 Years
xxx
Success Rate
1/17 ratings generated profit
6%
Average Return
-22.83%
reiterated a xxx
rating 7 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 5.88% of your transactions generating a profit, with an average return of -22.83% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

MER Analyst Recommendation Trends

Rating
Nov 24
Jan 25
Feb 25
Mar 25
Apr 25
Strong Buy
5
2
2
2
3
Buy
0
0
0
0
0
Hold
0
4
4
7
3
Sell
0
0
0
1
2
Strong Sell
0
0
0
0
0
total
5
6
6
10
8
In the current month, MER has received 3 Buy Ratings, 3 Hold Ratings, and 2 Sell Ratings. MER average Analyst price target in the past 3 months is .
Each month's total comprises the sum of three months' worth of ratings.

MER Stock Forecast FAQ

What is TSE:MER’s average 12-month price target, according to analysts?
Currently, no data Available
What is TSE:MER’s upside potential, based on the analysts’ average price target?
Currently there's no upside potential for TSE:MER, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
    How can I follow the stock ratings of top Wall Street analysts?
    Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
      Is TSE:MER a Buy, Sell or Hold?
      Currently, no data Available
      What is Africa Oil Corp’s price target?
      Currently, no data Available
      What do analysts say about Africa Oil Corp?
      Not enough analysts have published a price target to provide an average price target.
      How can I buy shares of TSE:MER?
      Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.
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