Erdene Resource Development (ERD) Stock Price, News & Analysis

Company Overview

Erdene Resource Development Corp. is a Canada-based resource company producing gold at the high-grade, low-cost Bayan Khundii Gold Mine in underexplored and highly prospective Mongolia. The Company has interests in a portfolio of precious and base metal projects near the Bayan Khundii Gold Mine in the Khundii Minerals District, which provides a robust organic growth pipeline. Erdene Resource Development Corp. is listed on the Toronto ('ERD') and the Mongolian stock ('ERDN') exchanges and OTCQX Market ('ERDCF'). Further information is available at www.erdene.com. Important information may be disseminated exclusively via the website; investors should consult the site to access this information.

Key Stats

• Today's Range: C$6.40 to C$6.72
• 50-Day Range: C$4.69 to C$6.68
• 52-Week Range: C$4.54 to C$10.95
• Volume: 60,113 shs
• Average Volume: 139,350 shs
• Market Capitalization: C$424.39 million
• P/E Ratio: 648.00
• Dividend Yield: 1.78%
• Price Target: C$14.40
• Consensus Rating: Buy

Erdene Resource Development Stock Analysis - MarketRank™

Erdene Resource Development scored higher than 29% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Erdene Resource Development has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on no strong buy ratings, 1 buy rating, no hold ratings, and no sell ratings.

Upside Potential

Erdene Resource Development has a consensus price target of C$14.40, representing about 122.2% upside from its current price of C$6.48.

Amount of Analyst Coverage

Erdene Resource Development has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Erdene Resource Development is 648.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 39.60.

Price to Earnings Ratio vs. Sector

The P/E ratio of Erdene Resource Development is 648.00, which means that it is trading at a more expensive P/E ratio than the Materials sector average P/E ratio of about 21.54.

Price to Book Value per Share Ratio

Erdene Resource Development has a P/B Ratio of 4.84. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for ERD.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Erdene Resource Development pays a meaningful dividend of 1.78%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Erdene Resource Development does not have a long track record of dividend growth.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

MarketBeat Follows

Only 1 people have added Erdene Resource Development to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Erdene Resource Development insiders have not sold or bought any company stock.

Percentage Held by Insiders

22.51% of the stock of Erdene Resource Development is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

4.01% of the stock of Erdene Resource Development is held by institutions.

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Materials
• Industry: Metals & Mining
• Sub-Industry: Gold
• Current Symbol: TSE:ERD
• CIK: N/A
• Web: www.erdene.com
• Phone: +1-902-4236419
• Fax: N/A
• Employees: 60
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Erdene Resource Development: C$14.40
• High Price Target: C$14.40
• Low Price Target: C$14.40
• Potential Upside/Downside: +122.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): C$0.01
• Trailing P/E Ratio: 648.00
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -C$887.99 thousand
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: 1.72%
• Return on Assets: -6.56%

Debt

• Debt-to-Equity Ratio: 0.09
• Current Ratio: 104.30
• Quick Ratio: 4.27

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: C$0.21 per share
• Price / Cash Flow: 30.56
• Book Value: C$1.34 per share
• Price / Book: 4.84

Miscellaneous

• Outstanding Shares: 65,493,000
• Free Float: N/A
• Market Cap: C$424.39 million
• Optionable: Not Optionable
• Beta: 2.20